Corporations are also using their profits to repurchase their own shares (thereby boosting stock indices to record levels), to finance mergers and acquisitions (which increase concentration, but not investment, and often involve cutting jobs)...
The presumption of mainstream economists and business journalists (as well as political and economic elites) is that the capitalist machine is the only possible one, and that it will work. Except it’s not: corporate profits have been growing (the red line in the chart above) but investment has been falling.
The Corporate Tax Rate Debate, 30pp (tags)
Lower taxes on corporate profits not linked to job creation
Learning from Roosevelt (tags)
Harry Hopkins, head of WPA under Roosevelt, created 4 million jobs in 2 months. How many jobs in health care, education, bridge repair, community centers and journalism could be created today? Solutions are not lacking, only political will. Viva sharing and redistribution!
Crimes of War and Crimes of Press Media: Bolivarian Republics of Colombia & Venezuela (tags)
Billionaire corporados control world's media, cause death of democracy & millions of people. Their crimes in the Andes means people worldwide must seize the presses, crush elite, remake the world. USA cornered & vulnerable - revolution whenever we want. We onlywant the world... Why wait. US out!
THE POLITICAL ECONOMY OF A NARCO-TERROR STATE (tags)
The most censored and ignored story of the last - and the next - five years must be: "Global Economy Caters to US Addictions." Half of the world's problems are caused by the US addictions to oil and all kinds of drugs. The illegal drug trade is the second largest sector of the global economy. Include all of the legal drugs that US citizens are addicted to and "Drugs" would be the largest sector by far.
Political Messages on Placards (CLAC March) (tags)
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