The media's 'bad apple' thesis no longer works. We're seeing systemic corruption in banking – and systemic collusion

Last fall, I argued that the violent reaction to Occupy and other protests around the world had to do with the 1%ers' fear of the rank and file exposing massive fraud if they ever managed get their hands on the books.

We condition the poor and the working class to go to war. We promise them honor, status, glory, and adventure. We promise boys they will become men. We hold these promises up against the dead-end jobs of small-town life, the financial dislocations, credit card debt, bad marriages, lack of health insurance, and dread of unemployment. 

Health insurance executives breathed a sigh of relief when the Supreme Court upheld their favorite part of the Affordable Care Act (the part that is one of the least popular among the rest of us)—the individual mandate. And then, I’m confident, moments after they exhaled, they were on a conference call with their army of lobbyists and PR people to approve a strategy, developed months ago, to gut the provisions that the rest of us do like.

The bipartisan consensus on trade policy has extended across Democratic and Republican administrations for two decades, providing steady reminders of the reality that when Wall Street calls politicians of both parties answer. Trade debates have made coalition partners of Bill Clinton and Newt Gingrich, George W. Bush and Tom Daschle, Barack Obama and Paul Ryan.