In this issue: Eric Draitser on the racial animus that animated Trump’s legions. 70 Years of Decline for American Labor: Eric Laursen. When Clinton Intervened in Russia’s Elections: Nick Alexandrov. A World Beyond Trump: Matthew Stevenson. Tech Industry Monopolies: Rob Larson. What Blacks Don’t Owe Obama: Yvette Carnell. America’s Homeless Children: Richard Schweid. The War on Fracking: Lee Ballinger. Exxon and Climate Change: Jeffrey St. Clair. PLUS: Mike Whitney on the Central Banks; Chris Floyd on Trump’s America; and Jeffrey St. Clair on John Berger.
Exclusively in the New Print Issue of CounterPunch
There's a reason the history of economic thought is not taught anymore in the universities. If people really read what Adam Smith wrote and what John Stewart Mill wrote, they’d see that Smith criticized the landlords. He said that you’ve got to tax away their rents, because it’s a free lunch. Mill defined rent as what landlords make in their sleep, without working. Adam Smith said that whenever businessmen get together, they’re going to conspire as to how to get money from the public at large – how to do a deal and mislead people that it’s all for society’s good.
This is not the kind of free enterprise that people who talk about Adam Smith explain when they depict him as if he were a tax cutter, an Austrian economist or a neoliberal. They don’t want to hear what he actually wrote. So, my book is really about reality economics. I found that to discuss reality economics, we have to take back control of the language or economic methodology, not use the logic that they use. More
President Trump is the billionaire businessman president who many wanted to see running the country. Those who allow free market principles to rule will maximize profit to shareholders while politicians and their bureaucrats command us to follow their lead, asking of us that we pay via our taxes for that leadership.
This is probably a good representation of a national state of affairs as it appears to many, an appearance etched in heavily since Reagan's push to put the cart of economics in front of the horse of politics. When the market does well, we all thrive, a matter of faith clearly shattered before and after the 2007 Great Recession. More
Amid demonstrations against his first choice, President Donald Trump named Lieutenant General Herbert McMaster, whose book claiming the US was too soft on Vietnam is now required reading for US officers, as his new national security advisor this week.
McMaster's appointment came after Michael Flynn, Trump’s original choice, was forced to resign earlier this month after it emerged that he had misled Vice President Mike Pence about his phone calls with the Russian ambassador back in December. More