Monthly Archives: March 2011

Welcome to “A Civil American Debate”

(This welcoming page was initially posted in March of 2011. It was updated in early 2014 to reflect our recent concentration on the economics of wealth and income distribution.) The Economics of  Wealth and Income Inequality   Go here for a … Continue reading

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Some Recommended Books

 (Return to the Contents Topics page.) Here are books we are finding helpful: Robert B. Reich, “After-Shock: The Next Economy and America’s Future,” Knopf 2010 Barry C. Lynn, “Cornered: The New Monopoly Capitalism and the Economics of Destruction,” Wiley 2010 Naomi … Continue reading

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Jeffrey Immelt (G.E.) and Jobs

(Return to the Contents Topics page.)             “The ‘science’ of economics … has become a form of madness, a dream of human imagination we mistake for a pattern of the world.  It is a path not merely to serfdom, but … Continue reading

Posted in Corporations | Leave a comment

G.E.’s Latest M&A Activity

(Return to the Contents Topics page.) Here’s the report on G.E.’s M&A activity in today’s (3/29/11)  New York Times:             “General Electric announced plans Tuesday to spend $3.2 billion for a 90 percent stake in Converteam, a company based in Massy, France … Continue reading

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The Modern G.E.

(Return to the Contents Topics page.)             In recent posts we’ve been discussing the announcement four days ago by General Electric, America’s largest corporation, that it is paying no federal taxes this year, and that it has filed a $3.2 billion … Continue reading

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G.E. and Corporate Tax Fairness

(Return to the Contents Topics page.)          Three days ago, I posted a comment on G.E.’s lack of any tax liability this year.  People are chagrined.  Some are noting wryly that this effectively means every American owes G.E. more than $10 for its tax credit.  … Continue reading

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The “Reagan Destroyed the USSR” Myth

(Return to the Contents Topics page.)             In “The American Bad Dream” I described how troubled I had been during the Reagan Administration about the insane nuclear arms race, a race that did not (and could not) serve any legitimate military … Continue reading

Posted in War and the Military | 1 Comment

Culture Wars: The Tribalism Problem

 (Return to the Contents Topics page.) I had something different in mind for my opening post here, but then H.Con.Res.274, the “In God We Trust” motto-reaffirmation bill, raised its snout. This congressional action at this time in our history seems … Continue reading

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The Mind-Set that Survived the Triangle-Shirtwaist Fire

(Return to the Contents Topics page.) by Harold Meyerson, The Washington Post, 3/22/11.           The seamstresses were just getting off work that Saturday, some of them singing a new popular song, “Every Little Movement (Has a Meaning of Its Own),” … Continue reading

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GE Pays Zero Taxes

(Return to the Contents Topics page.) Here is the top story in today’s (3/25/11) New York Times, Dealbook:            “G.E. Avoids Paying Any Tax Last year, the nation’s largest corporation reported worldwide profits of $14.2 billion. Its American tax bill? None. … Continue reading

Posted in Corporations, Taxation | 1 Comment

Funding the Corporate Attack: Michigan’s “Financial Martial Law”

(Return to the Contents Topics page.) Behind Michigan’s “Financial Martial Law”: Corporations and Right-Wing Billionaires, by Andy Kroll, MotherJones.com, Wed Mar. 23, 2011 The think tank that inspired Gov. Rick Snyder’s controversial bill is bankrolled by some of the same donors that … Continue reading

Posted in Freedom and Democracy, State & Local Government | 3 Comments

Summary

(Return to the Contents Topics page.) This is a conceptual summary of the major issues we address and the conclusions we reach.  In another Economic Summary we set forth our substantive conclusions about the incredible economic damage done to America by the policies of the “Reagan Revolution” over … Continue reading

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A Thousand Times Worse

(Return to the Contents Topics page.)           The full scope of the overall economic decline and hardship facing America is really beyond our mental capacity to adequately grasp.  In some ways, the aggregate situation may well be about a thousand times worse than we can imagine it to be!  … Continue reading

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How Much Is a Trillion Dollars?

(Return to the Contents Topics page.)           The significance of much of the economic and financial data we talk about regarding debt, budgets, wealth, or incomes tends to lose its impact, because we really can’t imagine or appreciate the sheer magnitude of … Continue reading

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Unvarnished

(Return to the Contents Topics page.)           Here are two comments that came in today from an activist e-mail discussion group.  I reprint them anonymously:           “This is so much more an important point  in history than , say ’67 or ’68.  That was … Continue reading

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