Category Archives: Society

Financial predation. 243 —Robert M. Shelby, 10-8-14. [845 txt wds]

[C.J. Polychroniou, interviewing Noam Chomsky (Truthout, via Alternet 10-7-14.)] C.J.P. asks: “Since the late 1970s, most advanced economies have returned to predatory capitalism. As a result, income and wealth inequality have reached spectacular heights, poverty is becoming entrenched, [world] unemployment is skyrocketing and standards of living are declining. In addition, “really existing capitalism” is causing […]

Conservative rationalization –Robert M. Shelby, 10-21-10. [452 txt wds]

In 1952 during my high-junior or low-senior semester at U.C., Berkeley, a few of us were sitting in our residence association lounge one evening when two or three young fellows not of our group, visiting maybe from “fraternity row,” pulled the conversation around to one guy’s argument favoring the morality of accumulated, family wealth. He […]