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 […]
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Plutocracy
We Can’t Afford NOT to Have a Wealth Tax
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 […]
Parasitic Private Equity is Consuming U.S. Health Care from the Inside Out
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 Kills. But We Can Stop the Killing
( 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 […]
Taylor Swift’s Superfans Strike a Blow Against Monopolies
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 […]
One Billionaire emits a Million times more CO2 than an Average Person, as Protesters block Private Planes at Amsterdam
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 […]
Coca-Cola, the world’s largest plastic Polluter, is sponsoring COP27. Here’s why that’s a problem
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 […]
Tackling Inflation By Rewarding the Rich Is a Fool’s Errand
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 […]
Elon Musk is wrong: Research shows Content Rules on Twitter help preserve Free Speech from Bots and other Manipulation
By Filippo Menczer, Indiana University | – (The Conversation) – Elon Musk’s acquisition of Twitter on Oct. 27, 2022 has triggered renewed debate about what it means for the future of the social media platform, which plays an important role in determining the news and information many people – especially Americans – are exposed to. […]