Corporate Greed

Some Democrats Are Trying to Preemptively Outlaw a Billionaire…

Sensing its popularity, Obama’s former Supreme Court lawyer and a Louisiana Democrat are using an obscure corporate taxation case to try to make a federal wealth tax illegal before it even exists. The former Supreme Court lawyer for the Barack Obama administration and a Democratic senator-turned-lobbyist are pressuring justices to block Congress from ever instituting

Capitalism

Big Pharma Is Threatening to Withhold Medicine in Protest…

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

Corporations Will Never Defend Social Justice

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

Extreme Wealth Concentration Has Turned America Into an Oligarchy

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