Economics Kiosk

Quote of the Day

"Tough love" is just the right phrase: love for the rich and privileged, tough for everyone else.

— Noam Chomsky

Powers and Prospects, 1996

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June 27, 2008

Unwelcome Guests: #416 - War is Peace, Slavery is freedom, Ignorance is Profit

The battle over who owns and controls the mass media, which ideas and information will reach a broad public is central to the question of whether rule by the people can or will exist. the failure of the American mass media to truthfully
inform the public is predictable, and was predicted by the people who fought the commercialization of radio in the early 20th century. In a media system based on profits from advertising revenue, the attention of the audience becomes the product sold to the advertiser. The ideal audience is therefore not only large, it is one not in the habit of thinking
critically.

Go to Download/Play page

This is the new home of Infoshop's content on economics.

Wizards of Money
A 15 part audio program explaining the undemocratic workings of the monetary system and demystifying the manipulations of capital markets. Includes "How Money is Created," "Predatory Lending," "Trading Nature and Cooking the Books," and "Bankruptcy Bill's Shoot-Out at the Social Safety Net."

What are the myths of capitalist economics?
Within capitalism, economics plays an important ideological role. Economics has been used to construct a theory from which exploitation and oppression are excluded, by definition. We will attempt here to explain why capitalism is deeply exploitative.

CEOs climb the stairway to heaven -- I mean, hell
Pity the poor Democrats. They just can't get a break. At a time when the public is calling for the heads of corporate miscreants, you would have thought that the latest Census Bureau report on poverty and income would be great campaign fodder for Democrats.