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
Coronavirus is just an extension of the war that we've been forced to fight under capitalism.
If you’re feeling exceptionally feverish or feverishly exceptional pull a tight-fitting, cherry red MAGAT cap over your forehead and eyes. Tight
Debt’s ubiquity is a burden, but also an opportunity. “The point of debtors’ unions it is to build collective power—people power.”
The militant white supremacists of the current generation are either products of, or influenced by, the “third Klan” of the 1970s and 1980s.
This week there was much discussion on the Sanders campaign, the black misleadership class, and the Covid-19.
