For most of the 20th century, until the 1980s, each generation of retirees had a somewhat higher standard of living than the last. With the Reagan era advent of federal policies encouraging private employers to raid and discontinue defined benefit pensions, that trend stopped. The current generation of retirees are discovering that their 401Ks are almost never sufficient to allow a dignified retirement. They've been robbed. 401Ks are subject to the stock market, which favors insiders, and financial managers and the retirement-industrial complex extract as much as a quarter of all 401K savings in parasitic fees. In this Against the Grain interview James Russell explains why Wall Street loves privatized and individual retirement accounts, and hates defined beneift pensions and social security,
listen
http://www.againstthegrain.org/files/files/atg/atg_2014.11.12_401ks.mp3
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Barack Obama devastated millions of people all over the world and speaks of his actions as if they were committed by someone else. It is a masterful performance by a man committed to deception.
Where are multinational corporations in discussions of reparations? The late Jamaican political economist Norman Girvan provides an answer.
Rasmus Sonderriis's book is a thorough exposé of the West's destructively deceitful narrative about Ethiopia's two-year Tigray War.
This week’s featured author is Celeste Winston.
