The Treasury Department is often a limp watchdog when it comes to policing arcane tax dodges, but this time, Treasury grew some fangs by tightening its regulations, which led Pfizer to call off the deal. Pfizer’s loss is a potent win for small-d democracy. It can provide a starting point for reinvigorating reform politics.
When maximizing profits isn't the only goal, companies can actually work better. Under worker-run management structures, co-ops might avoid the usual friction between bosses giving orders from above, and staff misunderstanding or disputing decisions or resisting unfair work burdens from below. Fusing the workforce and management streamlines operations and saves energy otherwise sunk into training and monitoring the workforce.
Worker Ownership and Cooperatives Will Not Succeed by Competing on Capitalism's Terms.
A majority (53.1 percent) of workers earning less than $12.16 per hour—the bottom 30 percent of wage earners—earn so little on the job that they must rely on public assistance to make ends meet.
"The proletariat of each country must, of course, first settle matters with its own bourgeoisie," Marx wrote, but the corporate class formatively battles internationally, including locating fake corporate headquarters to low-tax nations, in effect bleeding their home sovereign nations of tax dollars, starving state services and aiding in turning both governing and opposition parties into austerity regimes. This book and film chart the practice and ways to combat it.
The millions of service members who live on military bases around the world experience a kind of economic and social security that is foreign to most of America’s middle class. In the military, clothing, food, shelter, and medical care are guaranteed. And although it offers less choice about what to wear or where to live than the private sector, there’s a baseline of care for service members that doesn’t exist in the civilian world.
Unlike most other countries, the United States doesn’t control drug prices. It leaves pricing up to the market, which enables drug companies to charge as much as the market will bear. So what, exactly, did Martin Shkreli do wrong, by the standards of today’s capitalism? It’s easy to go after bad guys, much harder to go after bad systems.
"FOSSIL CAPITAL" The Rise of Steam Power and the Roots of Global Warming, Verso Books, 2016 By Andreas Malm. Reviewed by Martin Empson
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