Tag Archives: Corporations

Naomi Klein: Big Green is in denial

Naomi Klein: Big Green is in denial
As I was writing The Shock Doctrine, I was covering the Iraq War and profiteering from the war, and I started to see these patterns repeat in the aftermath of natural disasters, like the Asian tsunami and then Hurricane Katrina. There are chapters in that book on both of those events. Then I came to the idea that climate change could be a kind of a “people’s shock,” an answer to the shock doctrine – not just another opportunity by the ... Read more

Is Cheap, Public Internet Possible?

Is Cheap, Public Internet Possible?
The business lobby often demands that government get out of the way of private corporations, so that competition can flourish and high-quality services can be efficiently delivered to as many consumers as possible. Yet, in an epic fight over telecommunications policy, the paradigm is now being flipped on its head, with corporate forces demanding the government squelch competition and halt the expansion of those high-quality services. Whether ... Read more

Corporations crossing the border cause more problems than individuals

Corporations crossing the border cause more problems than individuals
A recent report by the Congressional Research Service describes a new wave of companies going through a process politely known as “inversions.” What’s really happened is that these firms have renounced their U.S. “citizenship” and reincorporated themselves in tax haven countries in order to escape federal taxes. Dirt Digger Digest - These companies go on operating as before, keeping their U.S. offices, their U.S. sales and all the other ... Read more

Thrown Out of Court

Thrown Out of Court
Two recent U.S. Supreme Court rulings—AT&T Mobility v. Concepcion andAmerican Express v. Italian Colors—have deeply undercut these centuries-old public rights, by empowering businesses to avoid any threat of private lawsuits or class actions. The decisions culminate a thirty-year trend during which the judiciary, including initially some prominent liberal jurists, has moved to eliminate courts as a means for ordinary Americans to uphold ... Read more

The Limits of Corporate Citizenship

The Limits of Corporate Citizenship
By treaty, the U.S. government can’t (and shouldn’t) discriminate against foreign corporations offering as good if not better deals than American companies offer. So if Walgreen as a Swiss company continues to fill Medicaid and Medicare payments as well as, say, CVS, it’s likely that Walgreen will continue to earn almost a quarter of its $72 billion annual revenues directly from the U.S. government. But as a foreign corporation, Walgreen ... Read more

Disgorge the Cash

Disgorge the Cash
The problem finance solves is not how to allocate society’s scarce savings between competing investment opportunities. The problem is how to separate the rents that come from control of a strategic social coordination problem from the social ties and obligations that go with it. True capitalists don’t want to make steel or restaurant deals or jumbo jets or search engines. They want to make money. Read more

The Supreme Court Just Struck Down Democracy. What Now?

The Supreme Court Just Struck Down Democracy. What Now?
"Maybe we should come back tomorrow and try this," I thought. Sitting in the inner sanctum of America's highest court, in a chamber never before made visible to the world in video or even color photographs, I struggled to summon the courage to do what I had come to: stand and interrupt the supreme court. Read more

The Internet as a Publicly-Provided Utility?

The Internet as a Publicly-Provided Utility?
Susan Crawford, Former Special Assistant to President Obama on Science, Technology, and Innovation Policy, talks to Ezra Klein about how the internet is too important to be left to the private market. Ezra: Why do we need a public option for internet access? Susan: We need a public option for internet access because internet access is just like electricity or a road grid. This is something that the private market doesn't provide left to its ... Read more

Money, Money, Everywhere

Money, Money, Everywhere
A Tale of Two Cities , the novel by Charles Dickens, begins with the famous words, “It was the best of times, it was the worst of times.” In America today, it is the best of times for multinational corporations and their CEOs. But for ordinary people, it’s pretty bad, and getting worse. For non-corporeal entities, times are good. For flesh and bone, bad. Legal fictions, good. Mothers, fathers, sons, daughters—all bad. Read more

The Dangers of Helping Corporations Sue Governments

The Dangers of Helping Corporations Sue Governments
As the Obama administration negotiates new trade agreements with European and Pacific nations, a battle has emerged over the agreements’ egregious rules that grant giant corporations unreasonable powers to subvert democracy. These rules, dubbed “investor rights” by the corporations, allow firms to sue governments over actions—including public interest regulations—that reduce the value of their investments. Oxfam, the Institute for Policy ... Read more