The country’s new prime minister, Andy Burnham, has promised a break from the politics of the last 40 years—realizing more broadly that Labour must stand up for the 99% against big business, or the party will become irrelevant.
Corporate State
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The Crisis Next Time: Public Ownership As an Alternative to Corporate Bank Bailouts
The FIRE sector (finance, insurance and real estate) in the current corporate capitalist economy is dysfunctional and downright dangerous to the welfare of society. It's time for public ownership.
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Giants: The Global Power Elite
The global 1% comprise over 36 million millionaires, and 2,400 billionaires who employ their excess capital with investment management firms like BlackRock and J.P Morgan Chase.
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Soaring Household Debt Pushes More U.K. Families To the Brink
Britain is experiencing a financial crisis on a level not seen since the 2008 credit crunch, with average household expenses now higher than average household income for the first time in 30 years.
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Trump’s Treasury Department Hands Banks a Windfall
The Treasury Department not only sided with banking lobbyists’ definition of “financial services,” but its new rule’s fine print echoed their interpretations of the 2017 federal tax law.
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Capitalism v. Freedom, Part II
Concentrated corporate power must be dismantled and democracy substituted for it – a global project that will take generations but is likely to develop momentum as society experiences ever-greater crises.
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Monsanto Has to Pay $289 Million in Damages in First Roundup Cancer Trial
Jurors awarded former school groundskeeper Dewayne Johnson $39 million for his losses and $250 million to punish the company after it failed to warn of Roundup’s risks.
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Capitalism vs. Freedom, Part I
The spectacle of millions adhering to such a breathtakingly stupid ideology as libertarianism would be comical if it weren’t so tragic.
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One Chart that Shows How Much Worse Income Inequality Is In America than Europe
The income share of the poorest half of Americans is declining while the richest have grabbed more. In Europe, it’s not happening.
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'Among the Biggest Grifters in American History': Wilbur Ross Accused of Stealing More Than $120 Million
"Many who worked directly with him claim that Ross wrongly siphoned or outright stole a few million here and a few million there, huge amounts for most but not necessarily for the commerce secretary."
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The New Gilded Age: Income Inequality in the U.S. by State, Metropolitan Area, and County
From 2009 to 2015, the incomes of the top 1 percent grew faster than the incomes of the bottom 99 percent in 43 states and the District of Columbia.
