Washington’s Fiscal Shenanigans: Americans Take It on the Chin … Again

    Once again, the L.A. Times’ Michael Hiltzik has come to the defense of the middle and lower classes as the wealthy and corporate empowered special interests still call the tunes in Washington. Under the headline “The middle class languishes as the super-rich thrive: Washington’s proposed budget solutions are ever more irrelevant to the […]

Memo to Hollywood: Guard Your Traditions

OK, we know that the business of moviemaking has always skewed more to the business side than to the movie side when big money is involved — the history of cinema has always revolved around a balancing act between art and commerce — but the folks over at The Grauman Chinese Theatre in Hollywood seem […]

Rock ‘n’ Roll Greed — The Saga of The Malibu Edge

OK, time to put on our angry hat. Despite the fact that the boys of U2 are noted as being politically active, socially conscious and incredibly philanthropic (Bono, for one, has been nominated for a Nobel Peace Prize), at heart they’re super-rich rock businessmen. In the past they’ve been criticised for trying to skip out on […]

Capitalist Shibboleth #39: Land Is the Basis of All Wealth

While rummaging through some old file folders I found this advertisement; it appeared in the Los Angeles Times on February 24, 1970 –  while the Cold War was still raging.

File Under: The Rich Get Richer

Under the headline “Big companies are awash in cash as economy picks up,” The Los Angeles Times reported (March 24) that although many individuals, small businesses and even states have been devastated by the recession, many of the country’s biggest companies are “loaded with cash, thanks to deep cost-cutting that helped drive unemployment into double […]

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