Corpocracy
Trader Joe’s, SpaceX, and Meta are arguing in lawsuits that government agencies protecting workers and consumers—the NLRB and FTC—are “unconstitutional.” Trader Joe’s has become the second company in a month to sue the National Labor Relations Board for being “unconstitutional,” following the lead of Elon Musk’s SpaceX, as both companies face board charges for firing employees. These two
Capitalism
The ratio of CEO pay to worker pay is almost 300 to 1. Are we really supposed to believe CEOs work 300 times harder or create 300 times more value than us? As an abstract value at least, equality is generally seen as a good thing in most liberal democratic societies. Outside certain fringes of
Censorship
As “free speech absolutist” Elon Musk continues his campaign of censorship at Twitter, we’re getting an exhibition in the outsize power of billionaires to shape our politics. Nearly a year in, self-described “free speech absolutist” Elon Musk’s ownership of Twitter (or, sigh, X) is going exactly as you’d expect from a boss who has again and again shown he’s a
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 bill would lock workers out of basic labor rights and protections, while preventing states from enforcing higher standards. In late July, Democratic Texas Rep. Henry Cuellar along with Republican co-sponsors Elise Stefanik of New York and Michelle Steel of California introduced a bill that, if passed, would gut labor law and exempt millions of
Capitalism
The World Trade Organization has encouraged agricultural monopolies and cheap labour, and created vulnerable supply chains When delegates arrive in Geneva today for the long delayed World Trade Organization (WTO) summit, they will find an institution in the middle of an existential crisis. For 18 long months, the WTO has been debating a moderate proposal from South