Capitalism
The 2022 Inflation Reduction Act introduced modest drug pricing restrictions. In response, big pharma companies — which have seen record profits — are threatening to slow the rollout of a lifesaving drug. A Swiss pharmaceutical company announced this month that it could slow-walk bringing a potentially lifesaving drug to market — in order to reduce
Capitalism
It was always somewhat absurd to celebrate large corporate enterprises for embracing the language of social justice. Many big companies discriminate and treat their workers poorly, whatever superficial inclusionist rhetoric their PR departments like to spout — to say nothing of how many union bust and contribute to climate change. Such enterprises are, by definition,
Capitalism
A new congressional report commissioned by Bernie Sanders finds that the 1 percent now own one-third of all wealth, while the bottom half of Americans hold only 2 percent. It’s another sign of the slide into oligarchy that Sanders has warned about for years. Last summer, Bernie Sanders’s YouTube channel released a short clip entitled simply “Oligarchy
Capitalism
The price of essentials like rent and medical drugs will never come down to pre-pandemic inflation levels if corporate greed goes unchallenged. These days, it seems like everyone has a few important questions on their mind: Is the economy still in the gutter? Or are things getting better? Does inflation mean prices will stay high
Capitalism
Make sure you’re doing your part to help fight inflation: accept those wage cuts and worsening working conditions! Good news everyone: wage increases are slowing, raises are getting smaller, layoffs are beginning to happen, and inflation is all your fault. And you should be grateful about all of this, according to a series of recent
Capitalism
For decades, companies have used arbitration agreements to shirk responsibilities to their customers and employees. Now the tables are starting to turn, as customers and employees use such agreements against corporations. Read more …