“Big business is gaslighting us all—they’re hiking prices to make monster profits, plundering people under the cover of a polycrisis.” An analysis released Thursday shows that 722 of the world’s top corporations made combined windfall profits of $1 trillion per year in 2021 and 2022 as people across the planet struggled to meet basic needs due to […]
“Poverty should be considered a major risk factor for death in the U.S.,” argues a new analysis. Research published this week in the Journal of the American Medical Association estimated that poverty was linked to at least 183,000 deaths in the United States in 2019 among people aged 15 or older, making inadequate income the nation’s fourth-leading […]
Billionaires have seen their wealth skyrocket over the past two years, adding roughly $2.7 billion per day to their fortunes while ordinary people struggle to afford basic necessities. As the world’s corporate and political elite convened in Davos, Switzerland for the first winter World Economic Forum in three years, an analysis published Monday by Oxfam International […]
“Today’s record corporate profits mirror what we have been hearing on earnings call after earnings call: Corporations are gleefully reporting that their strategy to burden families with unnecessary price hikes is working.” Economic justice advocates on Wednesday responded to new U.S. government figures showing nonfinancial corporate profits soared to record levels during the third quarter of […]