Corporate profits have received much more scrutiny in recent years. High inflation provoked on-going debates about the role of profit margins with terms like “greedflation” and “price gouging” levelled at corporations. People recognized that, at minimum, corporations are profiting from inflation. Analysis of 4,550 publicly-listed corporations found that 33% had record operating profits in 2021 or 2022.[1] Further, corporations with [...]
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by Jongchul Kim* In a given era, social scientists often share a common philosophical perspective, whether overtly or implicitly, despite studying different subjects. So what if the prevailing perspective among mainstream economists proves problematic, preventing them from providing a comprehensive understanding of the capitalist financial system?In modern Western philosophy, conventional economics is built upon two […]
Labour’s sums just don’t add up – so much for ‘competence’ An attempt by Keir Starmer’s Labour to create a ‘household bill’ meme to hit the Tories over the ‘cost of living crisis’ – in reality a manufactured emergency enriching the Tories’ corporate backers – backfired after Labour couldn’t even write add up five lines […]
Pathetic lack of vision exposes Labour’s lack of substance The absolute lack of vision, backbone and political imagination of Keir Starmer’s Labour has been exposed yet again, after some details of tomorrow’s budget were leaked to the media. Jeremy Hunt’s budget looks set to be the usual Tory vapour and spin – but still more […]
Business investor tagged in image Keir Starmer posted an image today of a meeting showing him with fellow right-winger Rachel Reeves – which Starmer’s tweet described as a ‘fantastic’ meeting with ‘business leaders’. However, new TUC general secretary Paul Nowak posted a wider-angle image of the meeting, which he said had been a ’roundtable on […]
Right-winger can’t bear to say people should be better off, only that they should ‘feel’ better off – it didn’t go down well Rachel Reeves, Keir Starmer’s right-wing Shadow Chancellor, was already infamous for – among many other things – her history of appalling comments about the unemployed, for wanting to deport more people faster […]
By Ralph Nader The victims of the devastating 7.8-magnitude earthquake in Turkey and Syria need your help now. The surviving families and children and those rescued alive from the rubble are in serious danger in affected wintertime impoverished regions. Refugees in other places fleeing their war-torn homelands are also suffering. International aid agencies are grossly […]
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By Brad Wolf / CounterPunch The Merchants of Death even own our sidewalks. That’s what we were told when we arrived at Raytheon Technologies in Arlington, Virginia, on Valentine’s Day, February 14th, to issue a “Contempt Citation” for Raytheon’s failure to comply with a subpoena issued last November by the Merchants of Death War Crimes Tribunal, a People’s Tribunal scheduled […]
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