capitalism

Entrepreneurs don’t have a special gene for risk—they’re rich kids with safety nets
We’re in an era of the cult of the entrepreneur. We analyze the Tory Burches and Evan Spiegels of the world looking for a magic formula or set of personality traits that lead to success. Entrepreneurship is on the rise, and more students coming out of b ...[Read more]
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Judge Who Struck Down Eviction Moratorium Lives in Nearly $3 Million, 6-Bedroom Home
Friedrich, who issued a 20-page ruling on May 5 claiming the federal agency had overstepped its authority, wrote in an accompanying opinion that the eviction ban “is the role of the political branches, and not the courts.” Friedrich added that the “ ...[Read more]
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Chomsky: Big Pharma Cares More About Profiting From COVID Than Human Survival
The election of Joe Biden has not demolished the Republican Party, or that party’s ongoing attempts to block policies that might give humanity a chance at survival. Moreover, the advent of the Biden administration has not negated some of the most persis ...[Read more]
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Report reveals how big corporations rigged rules to boost pandemic pay of CEOs as workers suffered
Dozens of the largest low-wage employers in the United States manipulated their own rules during the coronavirus pandemic to hand wealthy CEOs substantial raises while their vulnerable frontline workers struggled to get by with inadequate paychecks, meage ...[Read more]
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Opposing PRO Act, Uber and Other Gig Companies Spend Over $1 Million Lobbying Congress
Even as President Joe Biden called for Congress during his joint address last week to pass labor reform legislation, a slate of gig companies has spent over $1 million lobbying Congress to influence the PRO Act and other related issues in 2021 alone, acco ...[Read more]
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EU ready to discuss waiver on Covid vaccine patents
The head of the European commission, Ursula von der Leyen, has said the bloc is “ready to discuss” a US-backed proposal for a waiver on the patents for Covid-19 vaccines and the French president, Emmanuel Macron, said he was “absolutely in favour” ...[Read more]
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‘Cry No Tears for These Death Profiteers’: Pharma Stocks Plunge as Biden Backs Vaccine Patent Waiver
Stocks of major pharmaceutical corporations plummeted Wednesday after the Biden administration announced its support for a coronavirus vaccine patent waiver, a measure that would free vaccine recipes from Big Pharma's stranglehold and help enable generic ...[Read more]
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Amazon Is Dictating the Personal Hygiene of Contract Drivers including Fingernail Length
Amazon is dictating the hygiene and monitoring the social media posts of drivers that it’s contracting from other small companies, new documents show. The policies are part of a litany of strict guidelines that recent reporting has found Amazon workers ...[Read more]
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Capitalism Is Driving COVID Disaster in the Global South
The scenes currently being witnessed in India are truly horrifying. Yesterday, the number of confirmed cases in the country passed 20 million. The country’s health infrastructure is stretched to breaking point. Doctors and nurses report a crippling lack ...[Read more]
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Democrats, Sanders Demand Biden Release Secret Covid Vaccine Contracts Inked Under Trump
Dozens of congressional Democrats and Sen. Bernie Sanders on Monday urged top Biden officials to release unredacted copies of multi-billion-dollar coronavirus vaccine contracts that the Trump administration negotiated in secret with major pharmaceutical c ...[Read more]
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Extractive Companies Are Privatizing Repression and Counterinsurgency in the Americas
As activists increasingly confront extractive industries, militarized repression of those protests has become a growing and lucrative business. This phenomenon is salient across much of the world, including the U.S., where fossil fuel companies are funnel ...[Read more]
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