capitalism

Senate Republicans Just Sold You Out to Advertisers

Sam Biddle
The Intercept
In a 50-to-48 vote along party lines, the U.S. Senate decided to kill FCC rules blocking your ISP from selling your browsing history to the advertising industry without permission. ISPs would not only be able to commodify your browser history, but “[hijack] their customers’ search queries and [redirect] them to a place customers hadn’t asked for” and “inject ads into your traffic based on your browsing history.

The Perils of P3s

Gabrielle Gurley
The American Prospect
Public-private partnerships may indeed provide the dollars that fearful politicians are unable to pry from the pockets of their tax-averse constituents. But P3s, as they are known in the infrastructure sector, are more complex than they appear. The idea that P3s allow infrastructure to be built for free is economic snake oil, P3s do not end up saving taxpayers money, especially when policymakers obscure the true costs and the risks.

Hopsopoly. Global beer mergers reach a new level.

Rob Larson
Dollars and Sense
Raising consciousness about capitalism’s predations, even in beer, could encourage a movement to socialize brewing. In a democratically managed economic system, the freewheeling ethos of the microbrew movement would be free to flourish without being blackballed out of the market by the majors, or bought out if they manage to succeed. Now that would be a happy hour!

Profitable Companies, No Taxes: Here’s How They Did It

Patricia Cohen
New York Times
Among the report’s key findings: 100 companies enjoyed at least one year in which their federal income tax was zero or less, 24 companies paid zero taxes in four out of eight years, 18 companies paid no federal income tax over the eight-year period, Collectively, the 258 corporations enjoyed $513 billion in tax breaks over the last eight years. More than half of those tax breaks, $277 billion, went to just 25 of the most profitable corporations.

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