You’ve been required to subsidize these companies for them to make a profit and you get nothing in return – silent partners pouring money indirectly into big-name corporations. They misleadingly call these subsidies “incentives,” but they are really coerced entitlements.
Since being elected to office in 2013, Seattle City Councilmember Kshama Sawant and her socialist party have been locked in a bitter battle against the city’s moneyed elites, who have poured hundreds of thousands of dollars into a corporate PAC called “A Better Seattle” and saturated television and digital platforms with negative advertising. Sawant is hated because she is effective.
"Today a new sort of reset is setting off alarm bells, one that goes far beyond restoring the stability of the currency. The “Great Reset” being driven forward by the World Economic Forum would lock the world into a form of technocratic feudalism."
While labor market trends have had an inflationary impact, the disproportionate focus on them, without mention of the underlying conditions that lead to labor shortages in the first place, erases the culpability of corporations.
The proposed federal budget for fiscal year 2023 continues to take our country in the wrong direction. This massive proposed budget would continue to keep military spending at 37% of the current federal spending with $1.7 trillion being dedicated to past and present military expenses.
The hearing comes as high prices are squeezing working-class Americans, while corporate profits rise. As inflation rose by 7 percent in 2021, corporate profits increased by 25 percent to reach nearly $3 trillion – a record high. CEOs and shareholders are benefiting heavily from these profits; last year, S&P 500 firms spent more than $900 billion.
When Russia’s invasion of Ukraine sent the cost of a barrel of oil into the triple digits, the fossil-fuel companies and their friends in government, always on the lookout for profitable opportunities amid market chaos, responded predictably.
"Pentagon spending is expected to exceed $7.3 trillion over the next decade. Never in the field of human conflict has so much money been gobbled up by so few at the expense of so many."
"That the rage of the dispossessed is legitimate, even if it is expressed in inappropriate ways, is never acknowledged by the Democrats, who were instrumental in pushing through the trade deals, deindustrialization, tax loopholes for the rich, deficit spending, endless wars and austerity programs that have created crisis."
Democracy Now! Ralph Nader: Biden’s First Year Proves He Is Still a “Corporate Socialist” Beholden to Big Business, with Katrina vanden Heuvel
"The self-censorship of the [mainstream corporate media] is overwhelming."