Screenshot by Dandelion Salad via Flickr
by Christian Sorensen
Writer, Dandelion Salad
January 21, 2021
Capitalism—the system by which a relatively tiny group owns the means of production and enriches themselves through hoarding the workers’ surplus value, transforming the natural world into goods and services—is inherently destructive, exploitative, and polluting. Capital is concentrated in very few hands. The richest one percent own half of the world’s wealth (Frank, CNBC, 14 Nov 2017), and the three wealthiest humans in the United States own more wealth than the bottom fifty percent of the population of the country (Kirsch, Forbes, 9 Nov 2017). This trend of the rich getting richer only accelerated during the COVID-19 pandemic. Billionaire wealth skyrocketed while the masses suffered.
by Ralph Nader
The Nader Page
March 28, 2013
Image by David Shankbone via Flickr
Many giant profitable U.S. corporations are increasingly abandoning America while draining it at the same time.
General Electric, for example, has paid no federal income taxes for a decade while becoming a net job exporter and fighting its hard-pressed workers who want collective bargaining through unions like the United Electrical Workers Union (UE). GE’s boss, Jeffrey Immelt, makes about $12,400 an hour on an 8-hour day, plus benefits and perks, presiding over this global corporate empire.