wealth extraction

Social Security Privatization: The Ultimate Prize

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“In a way, it is a backdoor for privatizing Social Security.”

— Treasury Secretary Scott Bessent, July 2025

Bessent’s admission came during a policy panel on the Trump administration’s new “savings accounts for children.” Stripped of euphemism, this is about privatizing Social Security—the bedrock retirement program serving nearly 70 million Americans. The implications are staggering.

Bessent’s admission came during a policy panel on the Trump administration’s new “savings accounts for children.” Stripped of euphemism, this is about privatizing Social Security—the bedrock retirement program serving nearly 70 million Americans. The implications are staggering.

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When Despair Drives Violence: Looking for Root Causes

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A friend recently made some important points about violence in America. He’s right that we’re seeing widespread nihilism – people losing faith that life has meaning or that their actions have positive consequences. The question is: what created these conditions? When people work full-time jobs that still leave them one emergency away from homelessness, something breaks down inside. The nihilism makes sense when legitimate paths to security are blocked off.

Corpus Christi: Successful Defense Against Corporate Extraction

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After a decade of community organizing, Corpus Christi City Council rejected a massive desalination plant that would have forced residents to subsidize industrial water supply while facing drought restrictions themselves. The September 4, 2025 decision came after a contentious 13-hour meeting with multiple arrests, ending a project whose cost estimates had exploded from $160 million in 2019 to $1.2 billion.

The Great Transfer: American Government as a Wealth Extraction Machine

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The Great Transfer: American Government as a Wealth Extraction Machine

The 2025 Administration represents a brand new level of fraud and corruption. While the American government has always faced influence and capture by private interests, the 2025 administration appears to represent the most extensive and systematic version in modern history. We are witnessing the systematic transfer of all public assets—taxpayer money, public assets, government services, and democratic institutions—into the hands of selected politicians, the top 1%, and corporate special interests. This is government capture on an unprecedented scale.

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