“There are forgotten corners of this country where Americans are trapped in endless cycles of poverty, powerlessness, and despair as a direct result of capitalistic greed. Journalist Chris Hedges calls these places “sacrifice zones,” and joins Bill this week on Moyers & Company to explore how areas like Camden, New Jersey; Immokalee, Florida; and parts of West Virginia suffer while the corporations that plundered them thrive.”
…Hedges also describes the difference between truth and news. “The really great reporters — and I’ve seen them in all sorts of news organizations — are management headaches because they care about truth at the expense of their own career,” Hedges says.
He is a Pulitzer Prize-winning journalist who has reported from more than 50 countries. He spent nearly two decades as a foreign correspondent in Central America, the Middle East, Africa and the Balkans, including 15 years at The New York Times as a foreign correspondent and bureau chief. Hedges left the Times shortly after they issued him a formal reprimand for publicly denouncing the 2003 invasion of Iraq.
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Yes capitalist greed is guilty of many sins but far too many “average Joes” are just as guilty for the collective mess we’re in http://www.theburningplatform.com/?p=37480
Our financial markets supposed to allocate capital and manage risk, but they’ve misallocated capital and created risk. We are bearing the cost of their misdeeds. There’s a system where we’ve socialized losses and privatized gains. That’s not capitalism! That’s not a market economy. That’s a distorted economy, and if we continue with that, we won’t succeed in growing, and we won’t succeed in creating a just society.