The "monomaniac" pursuit of profit, taken to "demoniac" extremes (two words Melville uses repeatedly) is a killing pursuit that can take every last thing -- even the ship itself (read: the nation) -- down.
Before the occupation movement began, country club conservatives had confined political discussion and concern to government deficits. No one acknowledged the unemployed, the impoverished or the foreclosed on -- except to condemn them. The occupations changed this.
It's time for Wall Street to pay reparations for the financial collapse it caused. It's time for a crash tax, a tiny sales tax on Wall Street transactions, the revenues from which would pay for Main Street restoration.
What you do with the wealth matters. How you counsel the one percent makes a profound difference. And, relationships built upon common needs build bridges, even as bridges unmaintained may fall at any time.
Republicans have been chanting that public investment "crowds out" private investment. They are missing a major lesson of Macroeconomics 101: public investment doesn't crowd out private investment in the short run; it does so in the long run.
It has been an intense primary season, with a number of candidates rising to the top of media discussion only to fade just as quickly. Here are nine reasons why Herman Cain's campaign may also burn out.
Protesters had hoped to take command of Wall Street on September 17, but the New York Police Department quickly showed them who was in charge, by barricading all entrances to the heart of America's financial institutions.
Most people want a regular work routine. Their lives are based on forty-hour work weeks and steady paychecks. When people tell me they want to start their own business, I ask them whether they can really live without regular income.
Until Washington gets the courage to trust the American people to handle hard and sobering decisions -- and develops a plan of action that does not favor one interest group over another -- real economic solutions are not going to come from Washington.
Washington and Wall Street are tied at the hip and spend most of the time talking only to each other. They are connected socially and economically and have media outlets devoted to promoting their philosophies.