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
Capitalism
Make sure you’re doing your part to help fight inflation: accept those wage cuts and worsening working conditions! Good news everyone: wage increases are slowing, raises are getting smaller, layoffs are beginning to happen, and inflation is all your fault. And you should be grateful about all of this, according to a series of recent
Capitalism
For decades, companies have used arbitration agreements to shirk responsibilities to their customers and employees. Now the tables are starting to turn, as customers and employees use such agreements against corporations. Read more …
Capitalism
Policymakers fear a labor shortage is pushing up wages and prices. Wrong. Real wages are down and workers are struggling The January jobs report from the US labor department is heightening fears that a so-called “tight” labor market is fueling inflation, and therefore the Fed must put on the brakes by raising interest rates. This
Capitalism
Today’s inflation isn’t just caused by a post-pandemic rebound in fuel prices, but a long-term exhaustion of oil production. We need to end our dependency on fossil fuels without it becoming the pretext for another wave of austerity. The price of crude oil has soared to over $90 per barrel from the early-pandemic depths of
Capitalism
The filibuster is not about democratic checks or minority rights. The filibuster is about giving corporations veto power over the economy — which is why Joe Manchin and Kyrsten Sinema defend it. As Senators Kyrsten Sinema (D-AZ) and Joe Manchin (D-WV) defend the filibuster and block voting rights legislation, corporate media keeps repeating the lie