Capitalism

The world could get its first trillionaire within 10…

BY PAN PYLAS AND MASHA MACPHERSONUpdated 11:32 AM EST, January 15, 2024 DAVOS, Switzerland (AP) — The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos. Oxfam, which for years

Capitalism

Rich People in the US Have Been Allowed to…

The next time you’re struggling to pay your rent or afford child care, think about this: the uberrich in the US are now paying top dollar to cut in line to get health care and hiring rotating casts of nannies so one is always at their beck and call. The 99 percent are suffering. With

Capitalism

We’re All Burning Ourselves Out to Keep Money Flowing…

Increased productivity has failed to translate into fair compensation, and we’re all working ourselves to death. Not having time to rest or think is not just terrible for human beings — it’s terrible for democracy. All Work, No Play In our market society, time spent outside work is often infiltrated by work-related concerns, upsetting what

Capitalism

Real Freedom in America Can Only Be Won Through…

A long tradition in US thought has emphasized the importance of economic security for ensuring individual liberty. But to truly realize equal freedom for all, we need a socialist politics fighting for democratic control over the economy. There’s no doubt that individual freedom is fundamental to the American self-conception — as our national anthem has

Capitalism

It’s Time to Tax Billionaires

There are around 2,500 billionaires in the world right now, with a combined wealth of over £10 trillion. Just a fraction of that money is enough to, say, end global poverty, eradicate malaria and re-freeze the Arctic. Instead, a new report reveals billionaires are operating on the “border of legality” and getting away with paying the equivalent of 0