capitalism

AT&T said Trump’s tax cut would create jobs – now it’s laying off thousands of workers
The moves come despite the company’s keen support for a major corporate tax cut under Donald Trump, which it claimed would spur it to create jobs – not cut them. AT&T is also closing dozens of retail stores this spring around the US, including three s ...[Read more]
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Hospitals Hide Pricing Data From Search Results
Hospitals that have published their previously confidential prices to comply with a new federal rule have also blocked that information from web searches, according to a Wall Street Journal examination. ...[Read more]
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Prison Laborers Are Paid Pennies to Maintain the Prisons They are Incarcerated In
More than 4,000 private corporations in the U.S. have a financial stake in the expansion of the public prison system. ...[Read more]
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This is What Being Asian in America is Really Like
As I grew up, my parents — proud South Asians — took me for an “IQ” test. They hoped I could join the “gifted program” at school. This was after I’d rebelled at several private schools. Lucky them — unlucky me. I scored well enough to get ...[Read more]
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Democrats Are Subsidizing Health Insurance Predators
Democrats want to pay billions to put Americans on expensive corporate health insurance plans rather than expand Medicare or create a public option. It’s a gift to a criminal private insurance industry that needs to be completely abolished. ...[Read more]
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White Supremacy Set the Stage for Texas’ Miserable Disaster Response
Ted Cruz’s “let them eat cake” vacation to Cancun was a visible reminder of the cruelty of our political system — a system that rewards politicians propped up by corporate money, right-wing lies, and racist ideologies for blaming others and evadin ...[Read more]
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U.S. is worst among developed nations for worker benefits
Americans have it worse than all other developed nations when it comes to benefits for workers, according to a new ranking. The U.S. places last relative to its national policies around healthcare, unemployment, retirement, parental leave, and paid vacati ...[Read more]
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New Report From Rep. Katie Porter Reveals How Big Pharma Pursues ‘Killer Profits’ at the Expense of Americans’ Health
"It's time we reevaluate the standards for approving these mergers. It's time we pass legislation to lower drug prices. And it's time we rethink the structure of leadership at big pharmaceutical companies." ...[Read more]
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The GameStop Fiasco Exposes the Fantasy That Capitalism Can Be Democratic
When tech platforms, regulatory agencies, and social media companies conspire to swat down share purchases that get in Wall Street’s way, they’re doing us all a favor: they're showing us the ruthlessly hierarchical reality of neoliberalism behind the ...[Read more]
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Wall Street’s Invisible Hand
The world's largest asset manager has been using workers' savings to help companies block initiatives that would force them to reduce their carbon emissions and disclose their dark money spending. ...[Read more]
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‘Cry Me a River’: Sanders Hits Back as Billionaire Investor Whines About Potential Tax Hikes Amid GameStop Fiasco
As the ongoing GameStop saga sparked renewed calls for a financial transactions tax and other commonsense redistributive measures to tackle soaring inequality and Wall Street abuses, billionaire investor Leon Cooperman took to the airwaves Thursday to fum ...[Read more]
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