BY JESSICA CORBETT In a new video from The Intercept, author and activist Naomi Klein explains how the Trump administration and other governments across the globe are “exploiting” the coronavirus outbreak “to push for no-strings-attached corporate bailouts and regulatory rollbacks,” and urges working people worldwide to resist such efforts and demand real support from political … Continue reading ‘We Know This Script': Naomi Klein Warns of ‘Coronavirus Capitalism’ in New Video Detailing Battle Before Us
BY HEATHER ALBERRO, Nottingham Trent University From transport and housing to food production and fashion, our civilisation is driving climate and ecological breakdown. It’s no coincidence that almost every single sector of industry is contributing to the planet’s downfall, either. A deeper issue underlies each one’s part in the malaise enveloping the planet’s ecosystems – and … Continue reading Humanity and nature are not separate – we must see them as one to fix the climate crisis
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 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 – 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 – The Trump administration released its defense budget on February 12, 2018. It asked for $686 billion, which is 62 percent of the proposed total federal spending budget. The defense cost is even higher if you include other costs in the total budget, such as the $88.9 billion that pays for the War on Terror, including military … Continue reading Is The U.S. Defense Budget Too Large?
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 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 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
BY CHRISTIAN SARKAR Alba’s Dream (2017) The public has not forgotten Puerto Rico, and neither has Patrick McGrath Muñiz. After experiencing Harvey in Houston, and witnessing Hurricane Maria passing over Puerto Rico and Irma in Florida, where most of his family and friends live, the issue of climate change has become even more personal for the … Continue reading Lamentations: Disaster-Capitalism, Puerto Rico, and the Art of Patrick McGrath Muñiz
BY PHILIP KOTLER – We all grew up in a world of work. To live, we had to work. And there was much work to do. We trusted that there will always be jobs requiring workers. Today a new disruption has taken place in our job picture. The robots are coming! Most of us were not well … Continue reading Life, Death, and Taxes in a Jobless World
BY PHILIP KOTLER – The answer to the question depends on who you ask. CHRISTIAN SARKAR Capitalism Works For Me! True/False, 2011 (aluminum and electrical) by Steve Lambert How well is American Capitalism working? The answer to the question depends on who you ask. If you ask America’s corporate executives, their answer is that American … Continue reading How Well is American Capitalism Working?
BY PHILIP KOTLER – This country badly needs serious and comprehensive tax reform but it is not likely to get it. The Republicans couldn’t get health reform or immigration reform and they are not likely to get tax reform. Their bills are always flawed by insisting on proposals without Democratic participation. Although the Republicans have … Continue reading The Nightmare of Tax Reform