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Ralph Nader – The Devastating Cost of Monetized Elections

Corporatized and commercialized elections reach a point where they stand outside and erode our democracy. Every four years the presidential and Congressional elections become more of a marketplace where the wealthy paymasters turn a civic process into a spectacle of vacuous rhetorical contests, distraction and stupefaction. The civic minds of the people are sidelined by the monetized minds of a …

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Joe Weisenthal – Davos Boss Warns Refugee Crisis Could Be Precursor to Something Much Bigger

As the crash in commodities prices spreads economic woe across the developing world, Europe could face a wave of migration that will eclipse today’s refugee crisis, says Klaus Schwab, executive chairman of the World Economic Forum. “Look how many countries in Africa, for example, depend on the income from oil exports,” Schwab said in an interview ahead of the WEF’s 46th annual meeting, …

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Economic Update – Capitalism and/or Socialism – 12.27.15

Updates on Spain’s new left government, no NFL money for concussion research, Harvard runs like a business, Fresno research proves widespread hunger. Responses to questions on why corps buyback own shares and why the “new” gig economy is not new. Major topic: comparing old socialism (govt intervenes in econ) to new socialism (democratizing the enterprise).