It is imperative that we quickly move away from the current system that prioritizes corporate profits sourced from monopoly rights to one that values and centers public health, social equality, and ecological sustainability

Conclusion/Excerpt from the Democracy Collaborative, 2020 As countries grapple with the devastating challenges of COVID-19 and we, hopefully, move closer towards the development of a vaccine, the injustices and insufficiencies of the current approach to IP and R&D are becoming increasingly apparent. It is imperative that we quickly move away from the current system that prioritizes corporate profits sourced from monopoly rights to one that …

America’s richest 1 percent holds 52% of wealth

America’s richest 1 percent, Oxfam notes, how holds 52 percent of corporate share wealth, by Sam Pizzigati, Inequality.org.August 4, 2020 | CREATE! The Corona Crisis Has Left The Greed Grabs Of Corporate America Considerably More Vulnerable. Something seems to be in the air these days — besides coronavirus. A hopefulness. A boldness. A conviction that we now have a real opportunity for blunting …

Rich Americans Emit up to 15 Times As Much Carbon As Their Poorer Neighbors

A new study confirms the obvious: big houses have bigger footprints. But wait, there’s more. By Lloyd Alter, Treehugger, July 21, 2020 The conclusion of a new study – The carbon footprint of household energy use in the United States – that everyone is focusing on would seem obvious: “Wealthier Americans have per capita footprints ∼25% higher than those of lower-income residents, primarily …

On The Illegitimacy Of Wealth And Why It Must Be Recuperated

Excerpt, July 2020, full article below The leak of the Panama Papers in early 2016 showed what many of us have known all along – that wealthy individuals have not only built massive personal fortunes through illegitimate means, but that they have also constructed elaborate “asset management” schemes which allow them to hide their money, avoid paying taxes, and hoard …

Gig Economy’s Highway toward Increasing Surplus Labor

FacebookTwitterPinterestRedditShare This article situates the gig economy as a tool for shoring up a falling rate of profit within the U.S. economic system. The main feature of this “gig economy” is that its businesses employ what are called private contractors instead of employees. This change allows a company to eliminate business expenses inherent to the typical economy and to shift …

Start with cancelling student debt and making public colleges free: $3 or $4 dollar return on each dollar invested

We’ve seen a lot of progressive candidates build policies around free college. But it’s not just a progressive idea. The Republican-led government of the state of Tennessee created the Tennessee Promise, a program that makes certain schools free to attend for Tennessee residents. This is because for every dollar that a state spends on higher education, they get a 3 …

The Racist Counter-Revolution of 1776

In the famous June 1772 Somerset case (Somerset v Lewis of 1772, 98 ER 499), the British court ruled that chattel slavery violated English common law. The application of Somerset to the thirteen British colonies would have meant an end to the slave machine that fed the coffers of the Yankee mercantile elite and fueled the wealth of New England (see below) while it created …

No shortcuts – redirect power from the 1% and large firms to universal programs and well-being for all, with much determined, selfless work educating, building knowledge, and bringing about change for communities, the country and the world

Reiterated by Matthew Fox, June 28, 2020 In the US the richest 1 percent of the country own substantially more wealth than the bottom 90%;  6 in 10 Americans do not have the resources to come up with $1000 for an emergency such as a medical bill or car repair.  World over, 26 billionaires hold personal financial assets greater than …