Too Big to Fail is Too Big to Prosecute? Increasingly, Legislators Think Not

For years, legislators have avoided prosecuting some big banks for their crimes, fearing that, thanks to their size, doing so would disrupt the economy. Recently, however, momentum is building in Washington toward reforming the banks.

Corporate Welfare Grows to $154 Billion even in Midst of Major Government Cuts

The Embodiment of Corporate Welfare Himself - Mr. Moneybags

Even as the federal government executes major cutbacks, it’s giving huge subsidies in the form of tax breaks to industry, a fact legislators rarely acknowledge. The Boston Globe recently published a thorough and eye-popping report detailing the nature and extent of these breaks. A must-read.

Book Review: Owning Our Future

The Emerging Ownership Revolution Marjorie Kelly

The biggest problems often seem less like problems and more like unavoidable features of reality – their permanence and ubiquity make them invisible. In her new book, Owning Our Future, Marjorie Kelly argues we now face a problem of this kind: ownership of corporations. We love this book.

Citizens United is Just the Tip of the Iceberg

As shameful as the Citizens United decision is, we must confront the sobering reality that it is only the tip of the iceberg. A small ruling elite (often succinctly described as the 1%) have stolen control of the country, and they are ruling over us.

What is Citizens United? | An Introduction

supreme court justices who decided citizens united

Citizens United is two different but related things: a Political Action Committee (PAC) in Washington, D.C., and a Supreme Court case about election spending in which the aforementioned PAC was the plaintiff. Both lie at the center of a debate over the role corporations should play in society.

NY Times Rails Against Fake Drugs, but Ignores the Role of Corporate Power in Creating the Demand

A victim of fake drugs?

The New York Times recently editorialized on the problem of fake drugs but failed to mention a core reason for the problem: a patent system that keeps drug prices beyond the reach of people who need them, even for drugs developed with taxpayer money.

Amazon Plays Hardball on Tax Avoidance in Texas

Texas is among many states subsidizing Amazon Corporation. State officials offered well over $250 million in tax exemptions — $100,000 per job created — to get about 2500 fulfillment center jobs. Then Amazon shut down the facility.