Capitalism is eating democracy

Forget influencing Presidents and Prime Ministers, European billionaires are funding local elections in the Georgian capital, Tbilisi. When the wealth of oligarchs so dwarves that of the people, it is relatively easy to seize control of the entire political establishment, aggressively pursuing financial interests while keeping the population distracted by identity politics. Tbilisi is a perfect microcosm demonstrating the dangers of what unlimited, uncontrolled capital can do to democracy.

Money from misery: How shadowy bond investors perpetuate Puerto Rican poverty

More than 70% of US Municipal Bond holders are exposed to Puerto Rican debt, in excess of $1 billion. Operating in an environment with no oversight or regulation, this powerful group of private investors do not want any default on their bonds and expect a return of 100% or more. There is a dawning realisation within the White House that Puerto Rico cannot simply be abandoned like a failed Casino. Yet again, we see the way in which pure unregulated capitalism is creating unmitigated misery.

Socialism for the best of us, capitalism for the rest of us

These government champions of the free-market are living a lie, stripping social-spending while shelling out billions to the private sector, all while taking home benefits the rest of us could only dream of. The private sector has its own government dole system, writes editor-in-chief, Claire Connelly. If these companies are so troubled by government welfare, they should pay back every cent of government bailouts, tax credits and subsidies they have received over the years.