Category: Consumer Protection

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Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises [Book Review]

BY CHRISTIAN SARKAR Has capitalism taken us over the cliff? And why can’t we stop? Marjorie Kelly‘s most recent book, Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises is one of the most important explanations of how wealth and power have created an unlivable world and sacrificed the future for … Continue reading Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises [Book Review]

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Private Equity Exposed for Profiting From Fossil Fuels and Disasters They Cause

BY OLIVIA ROSANE In yet another instance of disaster capitalism, private equity companies like Blackstone have found two ways to profit from the climate emergency: first by investing in fossil fuel infrastructure and then by buying up restoration companies that clean up after increasingly extreme weather events. That’s one of the main takeaways from a … Continue reading Private Equity Exposed for Profiting From Fossil Fuels and Disasters They Cause

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‘We are gambling with the future of our planet for the sake of hamburgers’: Peter Singer on climate change

BY PETER SINGER I wasn’t aware of climate change until the 1980s — hardly anyone was — and even when we recognised the dire threat that burning fossil fuels posed, it took time for the role of animal production in warming the planet to be understood. Today, though, the fact that eating plants will reduce your … Continue reading ‘We are gambling with the future of our planet for the sake of hamburgers’: Peter Singer on climate change

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Does Your Government Care? A Citizen’s Checklist for Regenerative Government

BY CHRISTIAN SARKAR, PHILIP KOTLER, ENRICO FOGLIA In our book – REGENERATION: The Future of Community in a Permacrisis World, we point out that in the US today, we see that our politicians can’t even stand up to the NRA, let alone address climate collapse.  Instead, they distract us with culture wars and fake controversy – banning books, … Continue reading Does Your Government Care? A Citizen’s Checklist for Regenerative Government

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‘This Must Be Stopped': House Republicans Plan to Gut Ethics Office

BY JESSICA CORBETT “The MAGA House is more interested in sweeping any corruption amongst their ranks under the rug and performing political stunts against the Biden administration than they are doing anything constructive,” said one critic. Government watchdog groups on Monday blasted plans by U.S. House Republicans to gut an independent, nonpartisan ethics office that was … Continue reading ‘This Must Be Stopped': House Republicans Plan to Gut Ethics Office

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“Can Politics be Regenerative?” – An Interview with Sicily’s Cettina Martorana

A family-oriented professional, Cettina Martorana initially didn’t want to run for office in the Sicilian regional elections of 2022. Her kids challenged her with a question – “How come you tell us to do what’s right but you aren’t taking that advice when you are asked to run?”  The result?  Martorana is a candidate in the upcoming … Continue reading “Can Politics be Regenerative?” – An Interview with Sicily’s Cettina Martorana

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The U.S. Government’s Program Of Welfare For The Wealthy

BY – STANLEY F. STASCH From the late 1940s to the mid-1970s, ordinary people in the United States enjoyed a tremendous increase in their prosperity. It was the highest level of prosperity the world had ever experienced, and it resulted in the creation of the great American middle class. That period was immediately followed by the … Continue reading The U.S. Government’s Program Of Welfare For The Wealthy

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The science everyone needs to know about climate change, in 6 charts

BY Betsy Weatherhead, University of Colorado Boulder With the United Nations’ climate conference in Scotland turning a spotlight on climate change policies and the impact of global warming, it’s useful to understand what the science shows. I’m an atmospheric scientist who has worked on global climate science and assessments for most of my career. Here are … Continue reading The science everyone needs to know about climate change, in 6 charts

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Walmart tried to make sustainability affordable. Here’s what happened

BY ANDREW SPICER, University of South Carolina and DAVID GRAHAM HYATT, University of Arkansas What a difference the birth of a granddaughter can make. For Lee Scott, who ran Walmart from 2000 to 2009, the arrival of his granddaughter not only convinced him the threat of global warming was real but set him on a course … Continue reading Walmart tried to make sustainability affordable. Here’s what happened

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Biden vs. Trump: A Tale of Two Narratives

BY CHRISTIAN SARKAR and PHILIP KOTLER In our work on cultural narratives, we’ve proposed that cultural narratives create meaning for our place in the world, and provide a map for the journey ahead. The structure of a cultural narrative can be diagrammed as follows: In politics, the structure of a cultural narrative becomes an ideological framework for living … Continue reading Biden vs. Trump: A Tale of Two Narratives

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Trump Doesn’t Believe in Democracy—Here’s His 25-Step Reelection Plan

BY ROBERT REICH Trump will do anything to be re-elected. His opponents are limited because they believe in democracy. Trump has no limits because he doesn’t. Here’s Trump’s re-election playbook, in 25 simple steps: 1. Declare yourself above the law. 2. Use racist fearmongering. Demand “law and order” and describe protesters as “thugs”, “lowlife” and … Continue reading Trump Doesn’t Believe in Democracy—Here’s His 25-Step Reelection Plan

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‘We Know This Script': Naomi Klein Warns of ‘Coronavirus Capitalism’ in New Video Detailing Battle Before Us

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

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“Now that CEOs found purpose, what are they going to do with it?”

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?”

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How Uber and other digital platforms could trick us using behavioral science – unless we act fast”

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”

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How to change the world and solve global problems – with cash prizes

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

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Can Billionaires Save America?

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?

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The Flywheel of Corruption: Why Our Democracy Isn’t Working

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

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“I’m a Capitalist,” Says Warren…But Why?

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?

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“Let Us Fix American Democracy”

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”

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At the Heart of Global Woes, 157 of World’s 200 Richest Entities Are Now Corporations, Not Governments

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

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‘This Is a Scam”: ExxonMobil-Backed Carbon Tax Will Not Save the Planet

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

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Amid #DeleteFacebook Fervor, Experts Say Time to Tackle Big Data Profiteers

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

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11 Mayors Applauded for Refusing to Do Business With Companies That Don’t Support Net Neutrality

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

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Lamentations: Disaster-Capitalism, Puerto Rico, and the Art of Patrick McGrath Muñiz

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

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Should Government Put a Tax on ‘Sin’ Products and Services?

BY PHILIP KOTLER – Among the millions of products and services produced each year, there is a group loosely called ‘sin’ products. Think of “alcohol, cigarettes, and marijuana” as major sin products. Think of “prostitution services” as a ‘sin’ service type. Think of recent efforts to discourage the consumption of soft drinks, candy, and packaged … Continue reading Should Government Put a Tax on ‘Sin’ Products and Services?

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Brand Confusion: What Do Our Political Parties Stand For?

BY PHILIP KOTLER and CHRISTIAN SARKAR – For many years, Americans held a clear idea of the differences between the Republican and Democratic parties. The Republicans were a party on the right, the Democrats a party on the left. But now the distinctions aren’t so clear. What went wrong? Neither party today is answering or … Continue reading Brand Confusion: What Do Our Political Parties Stand For?

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It’s Time For A Single-Payer Healthcare System

By PHILIP KOTLER – We have had “Obamacare” and now the Republicans have fallen short in replacing it with “Ryancare” (a.k.a. “Trumpcare”). Both plans have their unforgiving and deep critics and enemies. I think that it is time to adopt the healthcare system that Canada and most other nations have: a single-payer healthcare system. A single-payer … Continue reading It’s Time For A Single-Payer Healthcare System

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Why We Worship False Idols, Always Have, And Always Will

 [Or: How I Learned to Stop Worrying and Love the Global Imperial Plutocratic/Kleptocratic Brave New Fantasyworld of Vladimir Putin and Donald Trump] BY SCOTT DEWEY – As long as humans worship the trappings and display of power and wealth—as with celebrity, political power, military power, economic power—and they obviously do—there can be no democracy; democracy cannot … Continue reading Why We Worship False Idols, Always Have, And Always Will

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The ‘Terrorist’ in the White House

BY PHILIP KOTLER  The US has been downgraded in The Economist’s Democracy Index. It is now in the “flawed democracy” category. Donald Trump got elected as U.S. President on a platform that included a lot of changes that appealed to many people. Trump promised to “Make America Great Again” by bringing back the high paying jobs that had moved overseas … Continue reading The ‘Terrorist’ in the White House

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Lobbying: The Scourge of Good Government

BY PHILP KOTLER Lobbying describes the effort of lobbyists to influence decisions made by government officials such as legislators, regulators or judges.  The term came from the fact that “influence peddlers” would appear in the lobby of legislative buildings to buttonhole legislators and influence their voting on behalf of the legislators’ clients.  Most of the … Continue reading Lobbying: The Scourge of Good Government

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Are We Kissing Democracy Goodbye?

BY PHILIP KOTLER & CHRISTIAN SARKAR – As President-Elect Trump and his “Corporate Cabinet” take over Washington – the American public will witness radical changes taking place in our institutions, policies, and regulations. These changes might undermine America’s position as the world’s leader over the past century. The billionaires and generals who make up Trump’s cabinet bring … Continue reading Are We Kissing Democracy Goodbye?

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What would Make America Great Again? The Battle Between Two Definitions of Greatness

BY PHILIP KOTLER – America’s greatness was recently challenged by Donald Trump who asserted that the U.S. had lost its greatness. His campaign slogan was “Make America Great Again.” He claimed that only he and his party could restore the country’s greatness. This raises the question: How can we define where a country ranks in its “greatness?”  I have long … Continue reading What would Make America Great Again? The Battle Between Two Definitions of Greatness

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What Populism? Trump’s America Is Party Time for the Corporate Elite

By ROBERT WEISSMAN “Trump has converted the GOP into a populist working-class party,” Trump advisor and far-right economist Stephen Moore told Republican members of Congress at a caucus meeting. Well, advisor Moore, meet the Trump transition team. The leader of the would-be populist working-class party has invited rogues’ gallery of insiders—corporate lawyers, investment fund managers, … Continue reading What Populism? Trump’s America Is Party Time for the Corporate Elite

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Democracy in Decline: An Interview with Phil Kotler

Philip Kotler’s upcoming book – Democracy in Decline: Rebuilding its Future describes 14 symptoms of a sick democracy: #1. Voter Literacy & Turnout  #2. Quality of Political Leadership  #3. Exceptionalism  #4. Public Trust  #5. Gridlock  #6. Money in Politics  #7. Gerrymandering  #8. Extremist Primaries  #9. The President vs. Congress  #10. Federal vs. State Governments  #11. Supreme Court vs. … Continue reading Democracy in Decline: An Interview with Phil Kotler

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Capitalism at the Crossroads: An Interview with Stuart Hart

An interview with Stuart L. Hart – “the pioneer of sustainable business.” Hart is one of the world’s top authorities on the implications of sustainable development and environment for business strategy. He is currently the Grossman Chair of Sustainable Business at the University of Vermont. Previously, Hart founded sustainable MBA programs at Cornell, UNC, and … Continue reading Capitalism at the Crossroads: An Interview with Stuart Hart

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Why is it so difficult to rein in Wall Street?

BY SUHAIB RIAZ, University of Massachusetts Boston; Sean Buchanan, University of Manitoba, and Trish Ruebottom, Brock University Reforming Wall Street has become a key issue in the ongoing presidential primaries. Bernie Sanders in particular has used his rival’s close ties to the financial industry, including speaking fees and political donations, to suggest Hillary Clinton wouldn’t … Continue reading Why is it so difficult to rein in Wall Street?

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Bernie Sanders: “To Rein In Wall Street, Fix the Fed”

BY BERNIE SANDERS in the New York Times: WALL STREET is still out of control. Seven years ago, the Federal Reserve and the Treasury Department bailed out the largest financial institutions in this country because they were considered too big to fail. But almost every one is bigger today than it was before the bailout. If any were … Continue reading Bernie Sanders: “To Rein In Wall Street, Fix the Fed”

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FORTUNE: What the Presidential Candidates Are Failing to Address About CEO Pay

Phil Kotler’s latest article in FORTUNE asks us to ask more questions. In the last Republican TV debate, Wall Street Journal editor-in-chief, Gerald Baker, put the following question to presidential candidate Rand Paul: “Income inequality has been rising in the United States. Fifty years ago, for example, the average CEO of a big corporation in this country earned … Continue reading FORTUNE: What the Presidential Candidates Are Failing to Address About CEO Pay

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CALL FOR ENTRIES: Greed! A Video Contest from Econ4

The Econ4 network of teachers, professors, practitioners, students and others are working to shift how economics is understood, taught and practiced. We’re now launching a video contest to crowdsource as many short, 3 minute videos about “Greed” as possible. We will distribute many of these across our network and beyond. The contest is patterned after the … Continue reading CALL FOR ENTRIES: Greed! A Video Contest from Econ4