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
Corporate media snake-oil salesmen/women are doing their best to convince the masses that socialism is the devil itself.
Five centuries ago, Europeans set about subjugating the non-“white” peoples of the world, and they are still at it.
The confusion goes all the way back to the Trans-Atlantic slave trade. “Most American supermarkets are selling you sweet potatoes, not yams.”
If the Left Doesn’t Critique Endless War, Who Will?
The peace activists that were persecuted in the McCarthy era were not fighting just for the absence of war, but were “anti-imperialist, anti-colonial, anti-capitalist and demanded an end to United
