On Sales Tax, Amazon Wins Even When it Loses

Soon, Amazon customers will finally pay sales tax. While that may seem to be a victory against Amazon’s aggressive rent-seeking, it isn’t. The company is accepting the taxes on its terms. In fact, the national law compelling Amazon to pay sales tax will help it save money as it builds warehouses.

What We Can Learn About Corporations From the Man Who Sold Shares in Himself

Mike Merrill

Wired.com recently posted an amusing article about a man who sold shares in himself in exchange for a cut of his future earnings and the right to make decisions about his life. The consequences shed light on problems of our system of corporate ownership, problems which are otherwise difficult to see.

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.

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.

Win for environmental law, loss for Walmart

A California state appellate court has dealt a blow to Walmart’s strategy of using petition drives to push through approval of new superstores while avoiding California’s environmental law.