By Lynn Stuart Parramore “Over a 40-year career, Philadelphia attorney Daniel Berger has obtained millions in settlements for investors and consumers hurt by a rogues’ gallery of corporate wrongdoers from Exxon to R.J. Reynolds Tobacco. But when it comes to…
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America’s plutocrats are running for office across the country: Can our democracy survive it?
By Les Leopold “In his best-selling Capital in the 21st Century, economist Thomas Piketty alerted us to the new aristocracy of wealth being formed by runaway inequality. We have only to look at Illinois to see what this means for…
“Worse Than Big Tobacco”: How Big Pharma Fuels the Opioid Epidemic
By Lynn Parramore “Over a 40-year career, Philadelphia attorney Daniel Berger has obtained millions in settlements for investors and consumers hurt by a rogues’ gallery of corporate wrongdoers, from Exxon to R.J. Reynolds Tobacco. But when it comes to what…
The Equifax breach happened because today’s executives know they’ve got nothing to fear
By Lynn Stuart Parramore “Right now, somewhere in the darkest regions of cyberspace, somebody is very possibly using bitcoins to buy highly sensitive information about you – your phone number, address, Social Security number, and driver’s license number. Some day,…
Real American economy and ‘legalized looting’ by big US companies
By Michael Hennigan “On Monday Lawrence Summers, Harvard economist, former Treasury secretary and director of the National Economic Council in the first term of President Obama, in effect called President Trump’s top 3 economic advisers lying fraudsters in his monthly column…
How CEO stock buybacks parasitize the economy
By Ralph Nader “The monster of economic waste—over $7 trillion of dictated stock buybacks since 2003 by the self-enriching CEOs of large corporations—started with a little noticed change in 1982 by the Securities and Exchange Commission (SEC) under President Ronald…
How economists turned corporations into predators
By Lynn Parramore “In a new INET paper featured in the Financial Times, economist William Lazonick lays out a theory about how corporations can work for everyone – not just a few executives and Wall Streeters. He challenges a set of controversial…
How Economists Turned Corporations into Predators
By Lynn Parramore “The Idea That Businesses Exist Solely to Enrich Shareholders Is Harmful Nonsense In a new INET paper featured in the Financial Times, economist William Lazonick lays out a theory about how corporations can work for everyone – not just…
Capitalism in America has been on a suicide mission for 40 years
By Theodore Kinni “On August 2, 2017, the Dow Jones Industrial Average hit a record-breaking 22,000 — its fourth 1,000-point advance in less than a year. That same day, I read the first sentence in Peter Georgescu new book, Capitalists Arise! End Economic…
Donald Trump’s trickle-down delusion on tax
Rana Foroohar “If there were still any doubt that President Donald Trump is a trickle-down economics guy rather than a populist, consider his new tax plan. It would represent the largest set of cuts since the era of George W Bush.”… [Click HERE…
