Working people’s share of national income has fallen to a record low, even as corporate profits soar to unthinkable new heights. The trend reflects decades of eroded worker power, and reversing it will take a revitalized labor movement.
The U.S. was born in war and has waged a war of some sort in every year of its existence. Silicon Valley knows that war is good for business. Many of its most powerful people want us to stop worrying about ethics or ecology and love the bomb.
In an interview, United Auto Workers president Shawn Fain argues that the era of “free-trade” deals like NAFTA has been a disaster for the US working class and that smart tariffs can help bring back good auto jobs.
Medicare Advantage – the commercial alternative to traditional Medicare – is drawing down federal health care funds, costing taxpayers an extra 22% per enrollee to the tune of US$83 billion a year.
For-profit hospitals jacking up prices matches a similar story of predatory corporate practices on grocery costs and housing prices. It's not market supply and demand. Corporate giants have figured out how to rip people off more effectively.
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