Author: KJ McElrath

3,200 years after the end of the semi-legendary Trojan War, an infamous Wall Street firm left its own version of the Trojan Horse at the gates of Athens – and the Myceneans’ descendants took it into the city.  As a result, the Greek debt crisis got a whole lot worse, while the latter-day Trojans – Goldman-Sachs – got a whole lot richer on the deal. Like similar scams the banksters perpetrated on municipalities here in the US, the deal involved “complex financial products” so convoluted that even people with advanced degrees in economics cannot understand them.  The purpose of...

This week, several media outlets posted stories about one of Bernie Sanders’ proposals for restoring the American middle class and boosting job creation as well as productivity and job satisfaction – all while providing greater job security and putting more money into the pockets of workers. That proposal, which Sanders made months before announcing his candidacy, is the establishment of worker-owned co-operatives: Instead of giving huge tax breaks to corporations which ship our jobs to China and other low-wage countries, we need to provide assistance to workers who want to purchase their own businesses by establishing worker-owned cooperatives. Although...