We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore LappĂ©, excerpt from Time for Progressives to Grow Up

Monday, February 27, 2017

Warren Buffett Pens a Dangerously Misleading Letter to Americans

Click here to access article by Pam Martens and Russ Martens from Wall Street on Parade.
Warren Buffett, the CEO of Berkshire Hathaway, authors an annual letter to shareholders that receives wide media coverage for the nuggets of wisdom dispersed to the masses.
The Martens make the following comment about some remarks Buffet makes in his letter:
Much of what Buffett has to say in this letter sounds like unadulterated propaganda to reassure the 99 percent that his amassing of a net worth of $76.3 billion was a result of America’s great economic system which is percolating along just fine. 
But, isn't this, except for the last clause, absolutely true? No other system has been invented that can rival the capitalist system's ability to accrue fabulous wealth to individuals.

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