LAWRENCE S. WITTNER – In recent decades, a growing similarity has developed between the Chinese and U.S. economic systems. Despite the Chinese Communist Party’s talk of “socialism,” the rapidly-expanding Chinese economy has become increasingly capitalist, with the private sector accounting for about two-thirds of China’s Gross Domestic Product in 2021. Not surprisingly, then, the two countries currently lead the rest of the world’s nations in their number of billionaires. This March, according to Forbes, the United States had 735 billionaires (worth a collective $4.5 trillion) and China had 562 (worth $2 trillion) out of a global total of 2,640.
Tag: Jeff Bezos
The Energy and Food Crisis Is Far Worse Than Most Americans Realize
RICHARD HEINBERG – Crises make incumbent politicians look bad. But denying or politicizing problems that result from our own prior mistakes just makes those problems worse. Here’s some free advice for policy makers and members of the Fourth Estate: take the long view, even if it’s scary. And tell the truth, even if it means losing an election or Twitter followers.
Don’t Let President Biden ‘Make Us the Dupes of Our Hopes’
NORMAN SOLOMON – The best way to not become disillusioned is to not have illusions in the first place. And the best way to win economic and social justice is to keep organizing and keep pushing. What can happen during the Biden presidency is up for grabs.
Bernie Sanders: Big Changes Are Needed in This Land
BERNIE SANDERS – On this May Day 2020, I wanted to give you an overview of what working people are going through in this country and throughout the world and where we need to go from here.
Biden and Bloomberg Want Uncle Sam to Defer to Uncle Scrooge
NORMAN SOLOMON – The extremely rich Americans who are now frantically trying to figure out how to intervene in the Democratic presidential campaign make me wonder how different they are from the animated character who loved frolicking in money and kissing dollar bills while counting them. If Uncle Scrooge existed as a billionaire in human form today, it’s easy to picture him aligned with fellow plutocrats against the “threat†of Bernie Sanders and Elizabeth Warren.
The Crass Warfare of Billionaires Against Sanders and Warren
NORMAN SOLOMON – The billionaire class is worried. For the first time in memory, there’s a real chance that the next president could threaten the very existence of billionaires — or at least significantly reduce their unconscionable rate of wealth accumulation — in a country and on a planet with so much human misery due to extreme economic disparities.
Sanders’ New Plan to Rein In Corporate Misbehavior
DAVID SWANSON – Meet the corporations that could lose their federal contracts when President Sanders signs a new executive order protecting workers’ rights.
Strategic Bottom Line: Go for the Money
RIVERA SUN – With divestment, strikes, boycotts, shareholder action, and more, activists’ campaigns need to find strategic and creative ways to pressure business into taking more ethical, just, peaceful, and sustainable practices.
Who Benefits from the “Booming Economy”?
LAWRENCE WITTNER – Although the U.S. mass media are awash with stories about America’s “booming economy,†the benefits are distributed very unequally, when they are distributed at all.
The Silencing of Dissent
CHRIS HEDGES – The ruling elites, who grasp that the reigning ideology of global corporate capitalism and imperial expansion no longer has moral or intellectual credibility, have mounted a campaign to shut down the platforms given to their critics. The attacks within this campaign include blacklisting, censorship and slandering dissidents as foreign agents for Russia and purveyors of “fake news.â€
Conflict of Interest: The Washington Post and the CIA
NORMAN SOLOMON – News media should illuminate conflicts of interest, not embody them. But the owner of the Washington Post is now doing big business with the Central Intelligence Agency, while readers of the newspaper’s CIA coverage are left in the dark.