Capitalism
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
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
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
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
Capitalism
A measure of poverty tracked by the Census Bureau rose in 2022, as COVID era benefits expired and average income fell, according to a Tuesday report. Why it matters: Child poverty saw a sharp increase in 2022 following a record low the year prior. Driving the news: While the official poverty rate (considered an outdated measure) didn’t see a significant change from 2021 to
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