Southwest Harbor, Maine (Special to Informed Comment) – 900 billion dollars is a big amount, Apparently one trillion is a whole order of magnitude greater. Or at least the number is so terrifying that politicians bend heaven and earth to avoid being connected with trillion dollar expenditures. And this allergic reaction is bipartisan. In the […]
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Neoliberalism
White House Partying like it is 2021, with a Covid 9/11 Death Toll Every Day
( Tomdispatch.com) – ‘Tis the season to be folly Fa-la-la-la-la, la-la-la-la Don(ald) we now our gay apparel, Fa-la-la-la-la, la-la-la-la!… It’s party time in the nation’s capital and the Christmas spirit reigns supreme, even if the Texas Republican Party does want to secede from the Union. I mean, who doesn’t? And hey, don’t you want to […]
Mitch McConnell Wants to Let Corporations Kill You
( Otherwords.org ) – The Senate GOP leader’s refusal to pass COVID-19 aid without corporate immunity should be the scandal of the year. By Thom Hartmann | December 16, 2020 Probably the most under-reported story of the year has been how Mitch McConnell is holding Americans hostage in exchange for letting big corporations kill Americans […]
Pandemic Failure, Vaccine Success Indict American Monopoly Capitalism
Ann Arbor (Informed Comment) – The contrast between the unprecedented failure of the United States to deal successfully with the coronavirus pandemic, and the success of pharmaceutical companies in coming up with effective vaccines in record time is bittersweet. The reason for the difference is that no one could make any money on mitigating the […]
McConnell was holding up Stimulus over Shielding Businesses from Coronavirus Liability — A Very Bad Idea
By Timothy D. Lytton | – Congress may be close to a deal on another coronavirus bailout, but Senate Republican demands for liability protections for businesses remain a major obstacle. Senate Majority Leader Mitch McConnell has long warned of an “avalanche” of lawsuits that will stymie economic recovery efforts if Congress does not grant companies […]
Where’s the Second Relief Act? The US Safety Net is working, but there are Capitalists who don’t Want it to
Why can’t our political leaders learn to live with success? In an era marked by cynicism about politics both parties managed to enact an initial COVID-19 relief package that if anything exceeded expectations. Last June Jason DeParle, summarized academic research on this act by quoting Columbia University’s Zachary Parolin: “Right now, the safety net is […]
From Salmonella to Workers’ Injuries: Trump Races to Weaken Environmental and Worker Protections on Way Out
By Isaac Arnsdorf ( ProPublica) – Six days after President Donald Trump lost his bid for reelection, the U.S. Department of Agriculture notified food safety groups that it was proposing a regulatory change to speed up chicken factory processing lines, a change that would allow companies to sell more birds. An earlier USDA effort had […]
Who will be vaccinated first — and in what country? The upcoming fights over COVID vaccine
( 48hills.org) – In recent days, two US pharmaceutical companies announced that their COVID-19 vaccines could be available by December. US-based Pfizer, which partnered with the German-based BioNTech, said it has a 95 percent success rate during clinical trials. Biotechnology company Moderna also reported a vaccine with a 94.5 percent efficacy rate. CDC image Neither […]
How the concentration of property rights within corporations has led to a rejection of democracy and a rise in inequality
By Jean-Philippe Robé | – Jean-Philippe Robé discusses how multinational enterprises morphed into political organisations with global reach and power, but without the corresponding responsibilities. He argues that the concentration of property rights within corporations has led to the rejection of democracy as an ineffective system of government and to the rise in inequality. ( […]