Americans Unwilling to Face Reality

In These Times by John R. MacArthur | Oct. 19, 2008 (Opinion)

It’s not as though no one saw it coming. Here’s the economist Michael Hudson, writing in the May 2006 issue of Harper’s magazine: “The reality is that, although home ownership may be a wise choice for many people, this particular real-estate bubble has been carefully engineered to lure home buyers into circumstances detrimental to their own best interests… . The bubble will burst, and when it does, the people who thought they would be living the ... Full Story »

Posted by Marsha Iverson

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Subjects: Politics, Media
Topics: Media and Politics
Member Tags: US Economy
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Posted by: Posted by Marsha Iverson - Oct 19, 2008 - 9:28 PM PDT
Reviewed by: Marsha Iverson (review)
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Edited by: Marsha Iverson - Oct 19, 2008 - 9:40 PM PDT
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 by Marsha Iverson - Oct. 19, 2008

MacArthur, publisher of Harper's Magazine, ties together the various threads of the global economic collapse, the American passion for quick financial success, and a dearth of responsible reporting, into a neat, ugly package wrapped with a gloomy ribbon of negligent media and an uncritical audience.

This detailed article is a mini-seminar in the most critical economic issue in 70+ years, and the political, cultural and media environment that ... More »

…why isn’t Treasury Secretary Henry Paulson, the former CEO of Goldman Sachs, challenged on his slow response to the Fannie Mae and ... More »

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  • Is the Fourth Estate a Fifth Column?

    In These Times by Bill Moyers | Jul. 11, 2008 (Opinion)
    Sadly, in many respects, the Fourth Estate has become the fifth column of democracy, colluding with the powers that be in a culture of deception that subverts the thing most ...
    Posted by Dwight Rousu
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