Corporate Greed
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
Corporate Greed
United Auto Workers president Shawn Fain has said, “We fight for the good of the entire working class,” and Americans seem to believe him. In massive numbers, they tell pollsters they back the UAW over the Big Three auto companies. Echoing the best of America’s labor tradition, President Shawn Fain has not been shy about
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