Tag Archives: 1%

One percent’s twisted new heist: What’s really behind privatization

One percent’s twisted new heist: What’s really behind privatization
As most experts and layman enthusiasts will tell you, there’s no one, single explanation for the past 30-plus years of growing economic inequality. Its drivers are multiple and separating one from the other is often quite complicated. Low taxes on wealthy individuals and corporations, the gutting of labor unions, the increased mobility of capital, technological gains, overly protective intellectual property law; the list goes on. In fact, ... Read more

No Shortcuts

No Shortcuts
We are living in dire times, and the need to develop a strategy to challenge capitalism, white supremacy, and heteropatriarchy is becoming more and more clear. We must nevertheless avoid the temptation to cobble together an incomplete strategy in a desperate attempt to match the urgency of the moment. The US Left has a unique opportunity to forge a strategy that coheres different parts of our movement and expands our capacities to match the ... Read more

Government Is Now a Protection Racket for the 1%

Government Is Now a Protection Racket for the 1%
A new report shows that top CEOs were paid 331 times more than the average US worker in 2013. At the same time, the poorest fifth of Americans paid an average tax rate of 11 percent while the richest one percent contributed half that rate at state and local levels. In this essay, Bill Moyers reflects on the forces that are causing inequality to skyrocket, why it matters and where we’re headed in the future. Read more