If markets were actually competitive, corporations would keep their prices as low as possible as they competed for customers. Instead, the concentration of the American economy into the hands of a few corporate giants gives them the power to raise prices with impunity — costing the typical American household an estimated extra $5,000 per year.
Antitrust law enforcement used to be a thing of the past. It's a big deal that the Biden administration is reviving it.
The price of Huggies diapers went up 6% between April- June 2023.
Inflation, right? Wrong.
Kimberly-Clark, the maker of Huggies, reported that the cost to make its products fell by $75 million.They took the money and ran, banking $168 million in operating profits in Q3 2023.
Now, new research shows that corporate profits drove 53% of inflation during the 2nd and 3rd quarters of 2023. During the 40 years prior to the pandemic, profits drove just 11% of price growth.
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Nearly a decade ago, I founded Inequality Media with the idea that we could use short, clever explainer videos to reach the American people with the truth about what’s really happening to our economy and democracy. In the years since, we've successfully reached millions across every platform imagineable, from Facebook to TikTok. But we operate on a shoestring, and need your help to continue expanding our reach in an increasingly fractured social media landscape.
Many of you ask me how I can stay in the fight. How I am not beaten down by the dark forces of authoritarianism which are very much with us, as are growing inequality and corruption. I mean this when I say it: because of you. This includes all of you on social media, and in my classroom.
If at any time you feel helpless or despairing, remind yourself that the fight for democracy, social justice, and a sustainable planet is noble. The stakes could not be higher. And we will — and must — win.
Remember: Trump told Proud Boys to "stand back and stand by." —9/29/20
Convicted criminals, and key Trump allies, Roger Stone & Michael Flynn were in constant contact with both groups ahead of the January 6th attack on the Capitol.
Communications obtained by the Jan 6 Cmte prove Oath Keepers & Proud Boys began coordinating for Jan 6 immediately after Trump's "will be wild" tweet —12/19/20
Trump directed his chief of staff to speak to Flynn & Stone on the eve of Jan 6, according to sworn testimony by former Trump aide Cassidy Hutchinson —1/5/20
There is a well documented line of communication between Trump and the men convicted of seditious conspiracy for their role in trying to overturn the results of the 2020 election.
This alone should disqualify Trump from seeking office again, under Sec. 3 of the 14th Amendment.