Skip to main content

At The Atlantic, Derek Thompson writes Corporate Profits Are Eating the Economy:

Here are two things that are true about the economy today.

(1) The Dow Jones industrial average is poised to set a new record as corporate profits stretch to all-time highs.

(2) There are still fewer working Americans today than there were before the start of the Great Recession. [...]

Corporate profits have soared, in the last decade especially, particularly because of three things: Globalization has pushed down the cost of labor available to multinational corporations; technology has allowed companies to make more with fewer workers, in general; and Big Finance has gobbled up the economy, as the banks' share of total corporate profits has tripled to about one-third since the middle of the last century, according to Evan Soltas. [...]

When the economy crashes, we all crash together: corporate profits, employment, and growth. But when the economy recovers, we don't recover together. Corporations rack up historic profits thanks to strong global demand, cheap global labor, and low interest rates, while American workers muddle along, their significance to these companies greatly diminished by a worldwide market for goods and people.

corporate profits v. labor v. GDP
No comment needed.

Blast from the Past. At Daily Kos on this date in 2004Bush gave terrorist a pass:

Let me set the stage. Abu Musab Zarqawi, a Jordanian militant with ties to al-Qaida, is being blamed for most of the major terrorist attacks in Iraq the past few months, including the horrific suicide bombings that killed hundreds of religious pilgrims on Tuesday.

This guy is a real slime, obviously, especially since his connections to al-Qaida appear real, not trumped up for political reasons.

So get this—the Pentagon could've wiped him and his merry band of terrorists off the face of the planet two years ago. But Bush and his merry band of liars nixed the attack.

Tweet of the Day:

Bill O'Reilly: If Romney Were President "We Wouldn't Be In This Mess." | Mediaite
@paeznyc via Tweet Button

On today's Kagro in the Morning show Greg Dworkin joined us with news of the punditry's discovery that Rs aren't particularly serious about governing. It's all still somehow Obama's fault, for failing to lead the un-leadable. Next, thanks to twigg, for the shout-out diary over the weekend! Then, a read through a NYT piece on record corporate profits that somehow don't lead to job growth. Gee whiz! Why aren't things trickling down? Also, a musical interlude from The Union Electric, the band of Daily Kos' own dissonentdissident. Finally, the outrageous Malaysian payoff scandal!

High Impact Posts. Top Comments.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  704,654 registered users on dKos now. (17+ / 0-)

    Here are the 10 newest registered users on dKos.  Hope to see their comments and diaries here soon!  (If they're not spammers.)


    And since our society is obsessed with numbers that end in a lot of zeros as milestones, here's a special shoutout to users:
    #702,900: waterlyric7
    #703,000: mealpea8
    #703,100: brianhensley
    #703,200: cactus8donald
    #703,300: menu9vest
    #703,400: fishtrack332
    #703,500: dock91scent
    #703,600: hstraw
    #703,700: monkeygram43
    #703,800: routebonsai06
    #703,900: bottom7desire
    #704,000: bitpatch9
    #704,100: season76sex
    #704,200: bralink5
    #704,300: primericamother5
    #704,400: route71active
    #704,500: danger0lisa
    #704,600: layer4singer

    We've added a whopping 1,812 more users in the last 24 hours.  This is a continuation going back to May where we've been absolutely flooded with new users.  I'm pretty sure almost all of these new users are spammers or bots.  While the rate had been getting faster, it seems they suddenly started slowing down right when Hurricane Sandy hit.  It slowed down to under 1,000 new users in a 24-hour period, and we were back down to somewhat over 100 new users every 24 hours or so, until about January 30th, when it exploded again.  What are they planning?

    And for your Diary Rescue music pleasure, here's Darude's "Sandstorm", which you HAVE heard at some point.

    •  season76sex should have chosen (5+ / 0-)
      Recommended by:
      JeffW, Jeff Y, BruinKid, high uintas, thomask

      season69sex instead.

      Wasn't that the Summer of Love?

      Seeing that I was born August 26 of that year, I don't remember much about it. ;)

      Somebody has to do something, and it's just incredibly pathetic that it has to be us.
      ~ Jerry Garcia

      by DeadHead on Mon Mar 04, 2013 at 08:37:51 PM PST

      [ Parent ]

    •  I got (5+ / 0-)

      a message from DaNang65.

      DaNang; (Bob), is asking Kossacks to vote for the Purple Mountain Institute, the 501 (c)(3) nonprofit that conducts the Mindful Veterans Project (MVP).

      They are competing for a free exhibition hall booth at the upcoming Netroots Nation13 Convention and need your vote.

      Hall Contest Voting Scroll down to Purple Mountain Institute and click Like.

      I posted it in this diary.

      [Continually Updated] Links For Our ♥Marines All Our ♥Troops And ♥Veterans

      Brought To You By That Crazed Sociologist/Media Fanatic rebel ga Be The Change You Want To See In The World! Gandhi

      by rebel ga on Mon Mar 04, 2013 at 09:56:37 PM PST

      [ Parent ]

    •  :-) Nope... (0+ / 0-)

      Have not heard the video "music" Sandstorm at any point.  I made it to 51 seconds hoping that 'be-de-de-de-de-de-de' high pitched sound would change, but it didn't, and my rattly left ear drum couldn't take the pain so I shut it off.

      :-)  I know.  You're gonna say "You hadda be there to appreciate it."  :-)

      Here's something few of us think about until we have to use the loo.  Surprisingly, the  history of loos is interesting, if gross.  [It runs 58:55.]
      The Toilet An Unspoken History
      The most interesting trivia is that the man named Crapper didn't make toilets or invent them or invent a new way to make them work efficiently.  He had them made by someone else and made sure his name was on the toilets!

      [For Adults Only]  A new nine-episode series of historical fiction about Vikings started on History Channel last night, and the first two episodes are on both the History Channel and on Hulu.  It's loosely based on the life of Ragnar, brother of Rollo who became Rollo of Normandy (so named for the Northmen) who is the gr-gr-gr-grandfather of William the Bastard/Conqueror.  The History Channel web site has mini videos of the actors and little bios of the characters they're playing.  So far, the violence and sexual content are more implied than graphic, but there's enough violence and rape and willing sex implied and briefly shown that the youngsters probably should not see the shows.  There's a disclaimer at the beginning of the shows about violence and sex.  The one annoying thing?  At the opening credits when the Viking logo comes on there is a high-pitched black metal guitar note that rattles my sensitive left ear drum painfully.  I'd rather they'd had period music and instruments rather than modern heavy metal, or at least orchestration that harkened back to an earlier time.

      I'm sick of attempts to steer this nation from principles evolved in The Age of Reason to hallucinations derived from illiterate herdsmen. ~ Crashing Vor

      by NonnyO on Mon Mar 04, 2013 at 11:33:39 PM PST

      [ Parent ]

  •  Please Recommend This Diary (22+ / 0-)

    RI-Sen: Jack Reed (D) Pushes For Job Growth & Renewable Energy by poopdogcomedy.  

    Please help to spread the word by hitting the Facebook and tweet links at top of the diary, and if you have time, join discussion with comments. Thanks, this all helps build and spread the climate change movement as well as ideas about renewable sources of energy.  

  •  To the Romney's, in all sympathy and humaneness. (8+ / 0-)

    There are matching signs in heaven and hell: "You're Dead...Get Over It!"

    The Great Awakening Is Afire! Nothing can be done. Rubio drank all their water.

    by franklyn on Mon Mar 04, 2013 at 08:31:56 PM PST

  •  From Mitt Romney's ass to Bill O'Reilly's (7+ / 0-)

    frontal cortex.

    "They come, they come To build a wall between us We know they won't win."--Crowded House, "Don't Dream It's Over."

    by Wildthumb on Mon Mar 04, 2013 at 08:33:15 PM PST

  •  For those who haven't seen it (8+ / 0-)

    Somebody has to do something, and it's just incredibly pathetic that it has to be us.
    ~ Jerry Garcia

    by DeadHead on Mon Mar 04, 2013 at 08:33:40 PM PST

    •  I don't understand why she changed positions (5+ / 0-)
      Recommended by:
      DeadHead, Aunt Pat, Sparhawk, mrsgoo, NonnyO

      on this.

      I've always believed that all court proceedings (especially Supreme Court proceedings) should be televised. I'm a big believer in that whole transparency thing.

      "Load up on guns, bring your friends. It's fun to lose and to pretend." - Kurt Cobain

      by Jeff Y on Mon Mar 04, 2013 at 08:48:41 PM PST

      [ Parent ]

      •  She explains herself in the linked article (4+ / 0-)

        Which I quoted partially in the diary.

        What she says makes sense, and I was initially surprised by her change of heart, myself.

        Cameras in the Court are more likely to lead to grandstanding and self-aware performances by the Justices than to increase transparency in an institution where the actual decision-making process has no chance of being televised.

        Not to mention, she really was swimming upstream on this one...the Court as a whole doesn't want them there.

        Congress could probably mandate something, but then we'd turn it into something similar to what's occurred with the House and Senate...political performances adding to the partisanship.

        I have mixed feelings about the issue, but what she had to say has moved me closer to the "no cameras" side.

        Somebody has to do something, and it's just incredibly pathetic that it has to be us.
        ~ Jerry Garcia

        by DeadHead on Mon Mar 04, 2013 at 08:59:55 PM PST

        [ Parent ]

        •  In regular court proceedings it could (4+ / 0-)
          Recommended by:
          DeadHead, viral, BrianParker14, Sarenth

          be helpful for poor people who are on trial. People who depend on public defenders often times end up getting screwed by blood thirsty prosecuters and poor defense attorneys.

          I think having a televised audience might be helpful to someone who's getting screwed in court. And it happenes more often than most people think it does.

          "Load up on guns, bring your friends. It's fun to lose and to pretend." - Kurt Cobain

          by Jeff Y on Mon Mar 04, 2013 at 09:09:42 PM PST

          [ Parent ]

  •  So this was a pretty crazy weekend for me. (9+ / 0-)

    You may have heard that ESPN's College Gameday was filming at UCLA this past Saturday for our final home game against #11 Arizona, which started with a Friday morning campout to get woken up at 4AM on Saturday morning to get ready to film (thanks a lot, East coast).

    Our school paper also kept up a live blog starting on Friday, which gives you an idea of how things went.  I will say, I haven't dealt with so many drunken assholes in a 12-hour period that night than I probably had in the past two years combined.  Yes, it was only a tiny percentage of everyone, but when there's a lot of people, even a tiny percentage is still a lot of people.

    And fortunately, we beat Arizona in a close match that went down to the final minute, though at least we held some kind of lead for the entire second half.

    Not just for College Gameday, which has only happened once before at UCLA (back in 2008), but that was my final UCLA basketball home game as a UCLA student.  It's been a long journey, and I think I may have set the UCLA record for having gone to the most number of UCLA basketball games as a student, having been one non-stop from the Fall of 1997 until now.  I've only missed at most one home game per year, so that's about 240 home games I've attended while enrolled at UCLA.  8-)

    And now the journey comes to a close, and a new one soon awaits.  It's all dissertation writing now for me.  (What am I doing on this blog, and not writing more of it at this moment??  Eek!!)

  •  Measure Wealth Not Income. (7+ / 0-)

    Looking at income, the Clinton economy was a spectacular success.

    Looking at the growth of family net worth, it served solely the 1%. Because costs grew too.

    The 99% hit their ceiling when the Beatles were still recording.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Mon Mar 04, 2013 at 08:44:08 PM PST

  •  Is teaching an art or a science? (5+ / 0-)
    Recommended by:
    Aunt Pat, JML9999, Jeff Y, LinSea, Pluto

    is what I explore in this post to which I invite your attention

    "We didn't set out to save the world; we set out to wonder how other people are doing and to reflect on how our actions affect other people's hearts." - Pema Chodron

    by teacherken on Mon Mar 04, 2013 at 08:44:16 PM PST

  •  Paul Krugman and Joe Scarborough are on Charlie (8+ / 0-)

    Rose right now. Krugman seems to be holding his own insisting that with this economy the worst you can do is to enact spending cuts. The emphasis should be on jobs not deficits.

    All Scarborough has been repeating is quotes from Krugman 15 years ago. Krugman has explained that in 15 years, ideas evolve.

    •  Mouth-breather Scarborough shouldn't even (9+ / 0-)

      be in the same room as Krugman. He certainly couldn't pass one of his classes.

      "Load up on guns, bring your friends. It's fun to lose and to pretend." - Kurt Cobain

      by Jeff Y on Mon Mar 04, 2013 at 09:00:27 PM PST

      [ Parent ]

    •  Krugman should say "15 years ago a staffer died (5+ / 0-)

      very mysteriously and to this day unsolved in your congressional office".  Yeah, that would be totally uncalled for and out of bounds, but if Scarborough is being a dick and just has one quote he wants to run with over and over - I'd bring out the heavy artillery.  

      If you're not talking about what billionaire hedgefund bankster Peter G. Peterson is up to you're having the wrong conversations.

      by Jacoby Jonze on Mon Mar 04, 2013 at 09:11:15 PM PST

      [ Parent ]

    •  I caught the end of that and just sent Joe (3+ / 0-)
      Recommended by:
      sgary, JeffW, OLinda

      This email:


      Don't let "facts" get in the way of dogma. In the debate with Krugman you said "the fact is" in 1932-34 life expectancy was 62 or thereabouts. What you fail to recognize is that that is life expectancy from the time of birth. Hint: in medieval England life expectancy after the age of 21 was 64, in other words another 43 years (source Expectations of Life by H.O. Lancaster (1990)). Yet, if you just look at life expectancy tables in medieval England, "life expectancy at birth" was only 30. Can you see the difference?

      Life expectancy in the U. S. in 1930 after reaching 20 years of age was an additional 46 years. In other words, those that made it to 20 on average made it to 66. ( If you made it to 40 back then, then you were expected to live until 69.

      So Joe, before you go on and pretend to lecture anyone, particularly a Nobel laureate,  you should become more intimate with the "facts" (and your fellow politicians also should, you would be doing us all a great favor). There's a famous quote from Samuel Clemens about "lies" and "statistics" that might be of interest to you. The bottom line is that rarely does a single statistic tell a whole story but oh boy do politicians love "them" statistics and quoting them out of context.

      Oh, and one last thing, just because others repeat a lie, no matter how rich they are (Rattner, et al, since you we're name dropping), it is still a lie.

      Have a good day,

      "The great enemy of the truth is very often not the lie -- deliberate, contrived and dishonest, but the myth, persistent, persuasive, and unrealistic. Belief in myths allows the comfort of opinion without the discomfort of thought." -John F. Kennedy

      by basquebob on Mon Mar 04, 2013 at 11:01:01 PM PST

      [ Parent ]

  •  This morning we got a Bush (15+ / 0-)

    saying he wouldn't rule out a run in '16 and, btw, he has a book coming out.  Then tonight out comes his pappy, "Poppy" Bush to say his baby "43" got a raw deal over Katrina.    Poppy, btw, also has a book coming out.  This news prompted this comment over on Huff&Puff

    "Face it 41, if you had loved America you would have drowned him at birth."

     No more Bushes.  Ever.  Please.

  •  Did you guys read about the latest (7+ / 0-)

    ...bizarre banning?

    And, holy shit, hang on to your hats, here -- apparently this Diary was soooo ebil that it is ONE OF ONLY SIX DIARIES THAT HAS BEEN DELETED BY STAFF IN THE PAST FIVE

    ::: omg :::

    Meanwhile, if some shitty troll is reading this has a hankering to post a Goatse Diary -- do feel free. As we all know, that kind thing sits on the Recent Diary list all day long while the Community writhes in agony. No deletions for that. No sir.

    Oh, and in  case you want to read the actual (quite wonderful) Diary that caused someone at Daily Kos' head to explode like freakin' Scanners, as they hit the smite button -- you can find it here.

    Be sure and check out the entire blog. It is a thing of literary beauty.

    "Thank you for your service."

    Denial is a drug.

    by Pluto on Mon Mar 04, 2013 at 09:00:35 PM PST

  •  The Romney tour and Rodman. (3+ / 0-)
    Recommended by:
    Aunt Pat, LinSea, JeffW

    21st century cultural exchange. An idiot and a has been. Who's who?

    We report, you decide.

    The Great Awakening Is Afire! Nothing can be done. Rubio drank all their water.

    by franklyn on Mon Mar 04, 2013 at 09:07:25 PM PST

    •  I know this is hard to believe, but (1+ / 0-)
      Recommended by:

      ...someday Kim Jong-un will be awarded the Nobel Peace Prize.

      I have the ability to see into the future. It's definitely a curse. Just sayin.' Prepare yourself.

      Denial is a drug.

      by Pluto on Mon Mar 04, 2013 at 09:10:56 PM PST

      [ Parent ]

    •  Did you know that Dennis Rodman led (0+ / 0-)

      the league in scoring percentage one year?

      And that Daly (Pistons) and Jackson (Bulls) both regard Rodman as the best athlete on their squads?

      And that his rebounding prowess was based on his uncanny ability to position himself for each shooter's likely misses. Dennis would often stop and run full speed one or two steps to a certain spot because he could sense where the caroms would go. He was fearless and bold. He felt most comfortable on the floor, in the spotlight. He won games with brilliant defense. He was a thug when needed, an excellent actor (the flop where he faked being fouled, now illegal), and good for 6-8 points of his own. He hid his skills by dyeing his hair new colors all the time, oh, and by marrying himself and riding off on his honeymoon on a motorcycle, wearing a wedding dress and veil.

      Just saying good things about a great player who never minded being maligned. Rodman was devil to Jordan's angel. We loved him.

      Of course he's a pawn for North Korea, and probably earning some good money doing it. Maybe a pickup game with Putin is next.

      Honesty is not a policy. It's a character trait.

      by Says Who on Mon Mar 04, 2013 at 10:52:11 PM PST

      [ Parent ]

  •  Many thanks to those who connected to (0+ / 0-)

    my "GreyHawk" profile on LinkedIn.

    Here's the avatar I uploaded:

  •  Y'know, zinc lozenges appear to work... (4+ / 0-)
    Recommended by:
    DeadHead, LinSea, bythesea, FiredUpInCA

    ...if you start slurping on them soon enough, and so does your spouse.

    We didn't, and now Calamity Jean and I are dealing with colds.

    I hate rhinovirus.

    Float like a manhole cover, sting like a sash weight! Clean Coal Is A Clinker!

    by JeffW on Mon Mar 04, 2013 at 10:02:56 PM PST

  •  NRA To Sponsor Texas NASCR Race.. (1+ / 0-)
    Recommended by:

    They announce this today, 2 weeks after Mikey Waltrip drives the #26 to raise money for Sandy Hook..

    •  I am SO DONE with NASCAR! Fan since '79. Fuck TMS (0+ / 0-)

      the NRA AND NASCAR! Was about to post a comment went  I saw yours. GRRRRR.

      if a habitat is flooded, the improvement for target fishes increases by an infinite percentage...because a habitat suitability index that is even a tiny fraction of 1 is still infinitely higher than zero, which is the suitability of dry land to fishes.

      by mrsgoo on Mon Mar 04, 2013 at 10:05:12 PM PST

      [ Parent ]

  •  Well, finally... someone's at least mentioning... (1+ / 0-)
    Recommended by:

    ... the Bushista war crimes and the fact that no one has been brought to justice.  The story is even online!  [Shock!]

    U.N. investigator urges U.S. to pursue Bush-era abuses
    By Stephanie Nebehay | Reuters  4 March 2013

    GENEVA (Reuters) - A United Nations investigator called on the United States on Monday to publish its findings on the CIA's Bush-era program of rendition and secret detention of terrorism suspects.

    Ben Emmerson, U.N. special rapporteur on the promotion and protection of human rights while countering terrorism, voiced concern that while President Barack Obama's administration has rejected Central Intelligence Agency practices conducted under his predecessor George W. Bush, there have been no prosecutions.

    "Despite this clear repudiation of the unlawful actions carried out by the Bush-era CIA, many of the facts remain classified, and no public official has so far been brought to justice in the United States," Emmerson said in a report to the U.N. Human Rights Council, which he will address on Tuesday.
     Under Obama, Attorney General Eric Holder said that the Department of Justice would not prosecute any official who acted in good faith and within the scope of legal guidance given by its Office of Legal Counsel in the Bush era on interrogation.

    But Emmerson said that using a "superior orders defense" and invoking secrecy on national security grounds was "perpetuating impunity for the public officials implicated in these crimes".

    [More at link, one paragraph mentions Diane Feinstein headed a committee to investigate something, but doesn't state the results of her investigation.]

    Apparently Holder and Obama have never read nor heard that the Nuremberg Defense was determined to be invalid over half a century ago.  So..., why did they give the Bushistas an invalid cover for their lies and war crimes and why did Obama and Congress continue to sanction illegal and unconstitutional wars based on lies after the Bushistas left office...?  After all, part of their endless campaign leading up to the '08 election was 'we're going to stop the wars.'  Curious, don'tcha think?  I wonder how much money it's costing corporations to bribe our elected "leaders" to allow those same illegal and unconstitutional wars to continue???  How much will find its way into Obama's personal fortunes once he's done being president?  How much has found its way into the coffers of Congress Critters?

    Cui Bono?  Certainly, We The People (on two continents) did not, have not, and will not benefit.  That leaves corporations and politicians to benefit....

    I'm sick of attempts to steer this nation from principles evolved in The Age of Reason to hallucinations derived from illiterate herdsmen. ~ Crashing Vor

    by NonnyO on Mon Mar 04, 2013 at 10:41:44 PM PST

    •  And there's the rub - defining "good faith." (1+ / 0-)
      Recommended by:

      That stands a good chance of being why DOJ won't try to prosecute any of the Bush/Cheny malefactors.  Minutes of a few of Cheney's "energy task force" meetings, where they met to divvy up Iraqi oil fields, would probably do it for Cheny, but it wouldn't behoove any of the task force players to leave those laying around.

      "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

      by SueDe on Tue Mar 05, 2013 at 05:38:51 AM PST

      [ Parent ]

  •  Rationing leads to hoarding. (2+ / 0-)
    Recommended by:
    88kathy, JeffW

    Congress has been rationing dollars for decades, so our private corporations follow suit.
    That dollars are like any other commodity or tool when it comes to how they are used probably hasn't occurred to economists because they've been looking at the currency as if it were the magic wand with which the economy could be controlled.
    Or perhaps, rather than a wand, the handle on the kitchen faucet would be a better simile. Or a light switch. In any event, economists and potentates had convinced themselves that money could be used to turn the economy on and off at will. So, it didn't occur to them that some processes just aren't reversible -- that when you break an egg, it can't be made whole again.
    Taking dollars out of the economy puts on the brakes. Pouring it back in does not get the stalled engine running again.

    We organize governments to deliver services and prevent abuse.

    by hannah on Tue Mar 05, 2013 at 02:10:06 AM PST

  •  Stating the problem is great, BUT (0+ / 0-)

    what's the solution?  

    Think about after the Depression: There was the rise of collective bargaining, which resulted in a massive union movement.

    Think about how what people after the Depression would call our jobs going overseas to avoid our hard earned union wages and protections.  Why doesn't anyone call it what it is, scab labor!

    Think about all the lives lost in the hard earned battles for workers' rights.

    What's the solution for our generation?

    Separation of Church and State AND Corporation

    by Einsteinia on Tue Mar 05, 2013 at 02:33:26 AM PST

  •  The problem: too big too fail (0+ / 0-)

    The banks take a third now instead of 1/12 because the free market has aggregated capital through offshore banking, lax oversite, manufactured consent.
        When capital aggregates to a very few they can use it with impunity. They can withdraw capital without worry of a competitor risking theirs. In reality there is no real competition in the macro free market as the interests of big capital aren't in competing but rather in controlling.
         Not positive if this will be a vigorous enough defense but bright light does wonders to push back. We are not talking about President Romney. He lost because somebody was shining their flashlight when Romney and his cronies were giving half the country a spit shower.
         We must elect people who are on our side like Elizabeth Warren, like Tammy Baldwin. They in turn must shine their bright lights on these moneyed interests and turn "too big to fail" into "too big to exist". If you don't put all those eggs in one basket then they won't all break because everybody won't fall. Well, enough bad analogies.

    Slow thinkers - keep right

    by Dave the Wave on Tue Mar 05, 2013 at 04:08:07 AM PST

  •  Interesting chart. Wish I had the time to dive (0+ / 0-)

    underneath it to find out what it means.

    It's an eye opener.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Tue Mar 05, 2013 at 04:54:01 AM PST

  •  Property vs Labor (0+ / 0-)

    Corporate profits are collected on property: corporations. Job growth is the growth of labor. Of course corporate profits are growing without jobs growing. This is capitalism, not laborism. Property is the highest value, not work.

    Indeed, through automation, dumbing down education and rigging games of pure finance, corporate property no longer depends on labor for its value.

    The longer this goes on, the more right Marx was. Except for his lack of HG Wells collaboration predicting robots, workers who are the means of production. Is global unemployment amidst a capitalist paradise better than a world of slaves?

    "When the going gets weird, the weird turn pro." - HST

    by DocGonzo on Tue Mar 05, 2013 at 05:00:23 AM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site