To avoid the energy catastrophe and reverse the huge loss in living standards already under way, we need to take over the fossil fuel companies and phase out their production with increased investment in renewables, to reduce fuel prices for households and small businesses.
The inflation panic is causing some Democrats to pivot from social spending to deficit reduction. That’s exactly the wrong approach.
The rise in inflation has not been driven by anything that looks like an overheating labor market—instead it has been driven by higher corporate profit margins and supply-chain bottlenecks.
A proposal for the WTO to waive intellectual-property rights on pandemic-related pharmaceuticals is still languishing due rich countries companies reaping monopoly profits. A public-health bill in Brazil points to a promising bottom-up solution.
Companies are raising prices well above increases in their costs. The only antidote is to finally take action against corporate power.
We need a model of ownership that recognizes the collective interest we have in how personal data is used, avoids the costs of private exploitation by individual firms, and does not slip into authoritarian forms of state control.
With almost four million dead, the saddest story of all is the tale of vaccine nationalism that Menon tells in a world in which neither the words “fair” nor “share” seem much in fashion, but “profits” and “patents” certainly are.
The upward redistribution of income has cost Americans workers $50 trillion over the past several decades. On average, extreme inequality is costing the median income full-time worker about $42,000 a year.
How the race to develop treatments and a vaccine will create a historic windfall for the industry — and everyone else will pay the price.
Spread the word