Video: State of the Union: Objective Jobs or Reelection

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Competitiveness, trade and innovation were globalization themes in the late 90s. The triumph of the US model was emphasized. Now we see there are big holes in the American model. The economy is increasingly deregulated. Unions in the US are down to 11% from 35% in the 1970s. We have to ask whether the market approach really works.

Competitiveness to the corporate mindset means lower wages. The "third worldization" of the US threatens when profit is worshipped, capital crimes are repressed and long-term necessities are eclipsed by short-term constraints. Government intervention and the creation of millions of public jobs are vital when the private sector only creates temporary part-time jobs.

to hear the interview with Stephen Diamond, law professor at UC Santa Cruz, posted on www.therealnews.com January 25, 2011, click on

http://www.therealnews.com/t2/index.php?option=com_content&task=view&id=...

Related Links:

"Corporate-Speak"

http://www.slate.com/id/2282434/?GT1=38001

"Financial Crimes Ignored" by Danny Schechter

http://blog.buzzflash.com/node/12266

"Hogwash" by Robert Sheer

http://www.commondreams.org/view/2011/01/26-0

"Financial Crisis was Avoidable, Study Says"

http://www.nytimes.com/2011/01/26/business/economy/26inquiry.html?_r=2&n...

"Tax Cuts, not Jobs"

http://www.commondreams.org/view/2011/01/26

Laura Flanders on Trade

http://www.commondreams.org/view/2011/01/26-2

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Who Should an Economy Serve?

The top one percent own half of all the world's assets. In stark contrast, the bottom fifty percent of the world owns less than one percent. According to the 2014 Global Wealth Report from Credit Suisse, global inequality has surged since the 2008 financial collapse. The report explains that while global wealth has more than doubled since the year 2000, the vast majority of overall growth has gone to those who were already wealthy.

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