Plutocracy

By Lindsay Koshgarian | – ( Otherwords.org ) – Can you imagine the audacity to fail a multi-trillion dollar audit of public funds, and then ask for even more of those taxpayer dollars? Pentagon leaders just did exactly that. This month news broke that the agency once again failed to pass a basic audit showing […]

Carbon Footprint

G20 still paying Billions in Fossil Fuel Subsidies

China Dialogue

By Catherine Early | – ( China Dialogue) – The Group of 20 is an intergovernmental forum of 19 countries and the European Union. These include most of the world’s largest economies, including those of many developing nations, and together account for over 80% of world GDP. Subsidies to the sector had fallen to $147bn […]

Inequality

We Can’t Afford NOT to Have a Wealth Tax

Inequality.org

By Jack Metzgar | – ( Inequality.org) – Every time I hear that we as a nation cannot afford something — whether that might be assuring non-toxic water in Jackson and Flint or universal pre-K or an industrial policy with teeth — I have wondered how many dollars a national wealth tax might yield. So […]

Corporations

Parasitic Private Equity is Consuming U.S. Health Care from the Inside Out

F. Douglas Stephenson

Gainesville, Fl. (Special to Informed Comment) – Private equity has succeeded in depicting itself as part of the productive economy of health care services. even as it is increasingly being recognized as being parasitic. The essence of this toxic parasitism is not only to drain the host’s nourishment, but also to dull the host’s brain […]

Inequality

Inequality Kills. But We Can Stop the Killing

Sam Pizzigati

( Inequality.org ) – Over a half-century ago, back in the mid-1960s, books about poverty abounded. But publishers paid relatively little attention to wealth’s concentration. A generation earlier, Americans had obsessed about grand private fortunes. By late mid-century, that obsession no longer excited either the media or the public. That would all soon change, particularly […]

Monopolies

Taylor Swift’s Superfans Strike a Blow Against Monopolies

OtherWords

By Bella DeVaan | – ( Otherwords.org ) – After a nightmare ticket sale, monopolies made a powerful enemy. That’s good news for all of us. By Bella DeVaan | November 23, 2022 As the cost of food, travel, and gifts complicate holiday plans across the country, millions of Americans have been awakened to the […]

Climate Crisis

One Billionaire emits a Million times more CO2 than an Average Person, as Protesters block Private Planes at Amsterdam

Juan Cole

Ann Arbor (Informed Comment) – Oxfam has a new study, Carbon Billionaires: The investment emissions of the world’s richest people. The Executive Summary says that they concluded that quite apart from the 3,300 or so billionaires, the wealthiest one percent in the world emit twice as much carbon dioxide as the bottom 50%. The top […]

Corporations

Coca-Cola, the world’s largest plastic Polluter, is sponsoring COP27. Here’s why that’s a problem

Global Voices

By Sydney Allen | – In a massive feat of irony, Coca-Cola, the world’s largest plastic polluter, is sponsoring COP27, the world’s largest annual environmental conference, which will take place in Sharm El Sheikh, Egypt, from November 6–18. While there is plenty to criticize about this year’s COP27 summit (such as Egypt’s human rights abuses […]

Banking

Tackling Inflation By Rewarding the Rich Is a Fool’s Errand

Sonali Kolhatkar

By Sonali Kolhatkar | – ( Otherwords.org ) – British Prime Minister Liz Truss recently resigned after just 45 days in office, disgraced by her own economic prescriptions. There’s a lesson here for the United States, a nation beset by similar economic troubles. The main takeaway? Tackling inflation by rewarding the rich is a fool’s […]