Plutocracy

By Bernadette O’Hare and Stephen Hall | – Tax abuse is an expensive business. According to a recent report by the Tax Justice Network, avoiding or evading tax deprives governments across the world of around US$427 billion (£302 billion) every year. This is money that could otherwise be spent on things like clean water, sanitation, […]

Employment

Congress needs to pass Labor Laws Protecting Union Drives and right to Strike

OtherWords

By Rebekah Entralgo | – ( Otherwords.org) – Following one of the most high-profile union votes in history, workers at an Amazon warehouse in Bessemer, Alabama ultimately rejected efforts to form a union. But for labor advocates, this fight is far from over. “The Amazon workers who voted for a union in Bessemer are already […]

Epidemics

Pfizer and Big Pharma need to waive Patents on Covid-19 Vaccine to Save the World

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – It is a familiar story. A Pharma giant sells life- saving vaccine , which costs no more than 7 dollars a dose, to most nations at almost 20 dollars per shot. Knowing that unseemly profits in the midst of a global pandemic may elicit outrage and perhaps […]

Inequality

Just how Bold is Biden’s Plan to Pay for Infrastructure by Making Rich Pay their Fair Share?

Sam Pizzigati

( Inequality.org) – President Joe Biden has made no secret of his admiration for Franklin D. Roosevelt. He’s even given a painted portrait of FDR the most prominent place of honor in the White House Oval Office. A bit more significantly, Biden has just announced the most ambitious gameplan — since FDR’s New Deal — […]

Investment

Don’t Let Wall Street Get Rich Speculating on our Water

Jim Hightower

( Otherwords.org ) – Shameless speculators are trying to privatize and commoditize the water all humans need to live. By Jim Hightower | April 28, 2021 Oh great — here comes a new stealth attack on the fragile, life-sustaining natural resources of Planet Earth. This latest assault by Wall Street alchemists would redefine one of […]

Egypt

The Ever Given’s Blockage of the Suez Canal and World Trade showed the Downsides of Monopoly Capitalism

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – News media, maritime experts, and a curious public could hardly take their eyes off the Ever Given, the mega cargo ship as long as the Empire State Building is tall. Viewers were stunned to see the ship swung sideways to the canal and thus blocking transit in […]

Inequality

How the Pandemic spelled the end of Trickle-Down Economics: We need Wealth to Percolate up

Jim Hightower

( Otherwords.org) – The past year proves that a lot of conventional economic wisdom is neither true nor wise. For example: 1) “We don’t have the money.” The power elites tell us it would be nice to do the big-ticket reforms America needs, but the money just isn’t there. Then a pandemic slammed into America, […]

Inequality

On Tax Day, the Billionaires must Start Paying their Fair Share

H. Patricia Hynes

Greenfield, Mass. (Special to Informed Comment) – On Tax Day, there’s more than one elephant in the room, and they’re all in mansions. Elephants occupy the bulging mansions of 657 American billionaires, 43 of them new this past pandemic year. Their combined wealth soared to $4.2 trillion – up $1.3 trillion – between March 21, […]

Employment

The Decades-Long Struggle Over Big Corporations and Poverty Wages

Inequality.org

By Phil Mattera | – ( Inequality.org ) – The Senate Parliamentarian dealt a strong blow to the Fight for $15 movement by ruling that a federal minimum wage increase could be included in the stimulus bill. Senator Bernie Sanders is pushing back with an amendment to take tax deductions away from large, profitable corporations […]