BY JESSICA CORBETT Amazon, Apple, Facebook, Google, Microsoft, and Netflix have collectively dodged over $100 billion in global taxes so far this decade, according to an analysis released Monday by a U.K.-based tax transparency campaign group. Later this week, the Fair Tax Mark plans to publish its full report on the tax conduct of the companies, … Continue reading New Analysis Details ‘Aggressive’ Tax Dodging of Six Silicon Valley Giants—Totaling Over $100 Billion
BY CHRISTIAN SARKAR and PHILIP KOTLER Maybe they’ve been spooked by Bernie Sanders and Elizabeth Warren. Or maybe they decided that it’s time to reclaim the political conversation before America turns full-fascist. Whatever the reason, the CEOs of this great nation published their own manifesto under the august umbrella of the Business Roundtable. In it, they finally … Continue reading “Now that CEOs found purpose, what are they going to do with it?”
BY ABBEY STEMLER, Indiana University; JOSHUA E. PERRY, Indiana University, and TODD HAUGH, Indiana University Uber’s business model is incredibly simple: It’s a platform that facilitates exchanges between people. And Uber’s been incredibly successful at it, almost eliminating the transaction costs of doing business in everything from shuttling people around town to delivering food. This is … Continue reading How Uber and other digital platforms could trick us using behavioral science – unless we act fast”
BY TRIS DYSON, Nesta and PIOTR GIERSZEWSKI, Nesta Challenge prizes – which offer a cash incentive to those working to solve a particular problem – are becoming a force for change by allowing entrepreneurs and innovators, often overlooked by existing grant and procurement systems, to develop solutions to the world’s greatest problems. They have a … Continue reading How to change the world and solve global problems – with cash prizes
BY BRENDAN BARRETT, Osaka University Walking down the high street of a place described as one of the UK’s most ethical towns, the first thing you notice is the absence of national chain stores and fast food outlets. Instead, you find a diverse mix of independent shops selling organic food, clothes, art, antiques and furniture, as … Continue reading Demise of Totnes pound won’t stop this English town pushing back against austerity
BY PHILIP KOTLER – A recent news item mentioned that a group of 18 ultra-wealthy Americans including George Soros and Abigail Disney and members of the Pritzker and Gund families published an open letter asking presidential candidates to support a moderate wealth tax of 1 percent. The wealth tax revenue would be used to fund environmental initiatives, fuel economic growth, and … Continue reading Can Billionaires Save America?
By PHILIP KOTLER – Donald Trump drew many followers based on believing that the next President should be a business leader, not another run-of-the-mill politician. Business leaders understand the real world, work well with people, know how to manage payroll, are decisive, and get things done. Now we have enough information about Trump’s past business … Continue reading Is Trump a Fake Business Leader?
by PHILIP KOTLER – Revolutions occur when the income and wealth gap between the rich, the middle class and the poor reaches a boiling point. We may be near the boiling point. This gap launched the Russian Revolution of 1917. Social injustice led to Castro’s takeover of Cuba and Mao Tse Tung’s takeover of China. The picture … Continue reading What To Do About The Growing U.S. Income Gap Between The Rich And Everyone Else
by PHILIP KOTLER and CHRISTIAN SARKAR – For some time now we’ve been saying that the wheels have fallen off our democracy. Things aren’t looking good around the world. The Guardian reports the world’s 26 richest billionaires own as many assets as half the planet. 26 plutocrats own as much wealth as 3.8 billion people. Welcome to serfdom. And … Continue reading The Flywheel of Corruption: Why Our Democracy Isn’t Working
Let’s drop the dead-end debate of capitalism versus socialism and focus on choosing terms that capture what we really mean—an open, fair, and accountable market essential to real democracy. by FRANCESS MOORE LAPPE My headline poses a question I struggle with. “Capitalism” refers to an economy driven by owners of private capital, typically with the aim … Continue reading “I’m a Capitalist,” Says Warren…But Why?
BY PHILIP KOTLER – No democracy is perfect. Some democracies work better than others. Swiss democracy works well. Canada’s democracy works pretty well. American democracy has fallen on hard times. In 2016, I published Democracy in Decline in which I cite many problems and solutions. We have voter suppression and low voter turnout. We let politicians choose their … Continue reading “Let Us Fix American Democracy”
BY JON QUEALLY – “I mean we can talk for a very long time about all these stupid philanthropy schemes… But we’ve got to be talking about taxes. That’s it. Taxes, taxes, taxes. All the rest is bullshit in my opinion.” While the private jets have mostly left the airport outside of Davos, Switzerland following the … Continue reading Historian’s Advice to Davos Elite Worried About Pitchforks: ‘Stop Talking About Philanthropy’ and Start Paying Higher Taxes
BY JAKE JOHNSON – In a bid to loosen the stranglehold corporate money has on the political process and “restore democratic power to the American people,” a bipartisan group of House lawmakers on Thursday introduced a constitutional amendment to overturn the Supreme Court’s deeply unpopular 2010 Citizens United decision. “Let’s not mince words here—for too long, … Continue reading In Bid to ‘Get Big Money Out of Politics,’ House Lawmakers Introduce Constitutional Amendment to Overturn Citizens United
BY PHILIP KOTLER – The low-income working class is one of the largest groups in America. You can spot its members working at Wal-Mart or McDonalds, in large or small factories, in clerical jobs, and toiling in agricultural areas. This group includes single individuals, unmarried co-habitors, married childless couples, and families. The common denominator is that they … Continue reading The Suffering Working Class – What Can Be Done?
BY JAKE JOHNSON – As corporations in the United States and around the world continue to reap record profits thanks to enormous tax cuts, widespread tax avoidance schemes, and business-friendly trade and investment policies, an analysis by Global Justice Now (GJN) published Wednesday found that the world’s most profitable companies are raking in revenue “far in excess … Continue reading At the Heart of Global Woes, 157 of World’s 200 Richest Entities Are Now Corporations, Not Governments
BY JESSICA CORBETT “It comes as no surprise that ExxonMobil and other oil companies are calling for anything and everything short of moving off fossil fuels entirely—most notably, the unwieldy and unproven concept of carbon taxes.” Amid warnings from the Intergovernmental Panel on Climate Change (IPCC) that there’s a closing window to act to prevent a … Continue reading ‘This Is a Scam”: ExxonMobil-Backed Carbon Tax Will Not Save the Planet
BY MARK BLESSINGTON – The US has high income inequality compared to other large economies. While income inequality in the US is close to China, it is rising in the US while declining in China. Many studies use the Gini statistic to measure income inequality. A Gini of 100% represents maximum income disparity, and a Gini … Continue reading What Drives US Income Disparity?
BY PHILIP KOTLER – China and the U.S. represent two opposing systems for running an economy. We will know in twenty years which system performs better in GDP growth, product quality, and innovation. We will also have a clearer understanding of the economic and non-economic gains and losses with each system. The Chinese government is highly … Continue reading Will China’s State-Directed Capitalism Outperform the U.S.’s Unguided Democracy?
BY JAKE JOHNSON – A social media platform like this “is the ultimate surveillance tool: an addictive product that’s optimized to collect and analyze the intimate details of our lives.” While the pro-Trump data firm Cambridge Analytica has received a flood of media attention in recent days following reports that it harvested the personal information of … Continue reading Amid #DeleteFacebook Fervor, Experts Say Time to Tackle Big Data Profiteers
BY JAKE JOHNSON – “Town by town, city by city, local leaders are taking back everyone’s right to connect and communicate.” As advocacy groups and open internet defenders in Congress continue their efforts to repeal the Republican-controlled FCC’s attack on net neutrality, the mayors of 11 cities have signed a new pledge vowing to refuse to … Continue reading 11 Mayors Applauded for Refusing to Do Business With Companies That Don’t Support Net Neutrality
BY PHILIP KOTLER – Donald Trump was elected U.S. President one year ago. He gave his first State of the Union address on January 31, 2018, lauding all the positives of his record. But what has he actually accomplished? What damage has he done? What role has been played by his personality quirks? Trump attracts both lovers … Continue reading Trump’s One-Year Scorecard