Superyachts, like the billionaire class, shouldn’t exist. We need to institute a global wealth tax, shut down tax havens, and, yes, take their boats.
Nicole Aschoff is on the editorial board at Jacobin. She is the author of The New Prophets of Capital and the forthcoming The Smartphone Society: Technology, Power, and Resistance in the New Gilded Age.
Shareholder activism is a limited tool for mitigating the worst abuses of corporations. But now, major business groups are fighting to restrict people’s ability to engage even in that.
The world of private equity, blank check companies, and complicated investment vehicles is, by design, alien to most people. But the maneuvering and backroom deals of these companies have stark, real-world implications.
BlackRock’s recent divestment promises are self-serving measures, not meaningful steps in the fight against global warming.
Donald Trump’s failure to enlist international support for his war on the Chinese company Huawei shows the weakening of US hegemony. Coercion won’t be enough for Washington to get its way.
Beheadings, infant rape, animal torture: content moderators are filtering these disturbing images and videos from your feeds every day. Moderating such brutal content takes a severe psychological toll on workers, but tech companies are doing little to improve their working conditions.
Today’s investors are easily swayed by snake oil salesmen like Elon Musk, but not interested in the things we need for long-term development.
The American au pair program is closer to indentured servitude than cultural exchange.
Coca-Cola killed trade unionists in Latin America. General Motors built vehicles known to catch fire. Tobacco companies suppressed cancer research. And Boeing knew that its planes were dangerous. Corporations don't care if they kill people — as long as it's profitable.
Democrats have signed off on Donald Trump's latest trade agreements, including NAFTA 2.0. But the rotten deals are nothing to celebrate — they still operate under the absurd assumption that if US companies are profitable, benefits will trickle down to workers.
The Right has hijacked the vision of a life beyond neoliberal globalization. It’s time for a new progressive internationalism, one that puts solidarity and justice over corporate profits.
Google and other giant corporations still aren’t paying their fair share of taxes. We need to demand policies that redistribute our collectively generated wealth.
Democrats and labor leaders are touting the renegotiated NAFTA deal as a win for workers and the planet. Don’t believe them: it’s a pro-corporate framework that will continue to bludgeon working people in Mexico, Canada, and the United States.
Instead of spending billions developing driverless cars we should be building sustainable people-centered transportation.
Tariffs and other forms of protectionism often hurt workers — and trade can help produce good paying, sustainable jobs. But we need to build a trade policy that benefits both US workers and workers in developing countries.
Rallying behind “free enterprise” mythology, American capitalists have long claimed to be gritty underdogs facing off against a rising statism.
Antitrust is, and was, an extremely limited strategy for reining in corporations. We need a broader project to democratize the economy and the state.
Capitalists look at houses and only see dollar signs. But we can win a world where housing isn’t only guaranteed for all, but homes are a place to grow and thrive.
Everywhere you look, the wealthy and powerful are touting “green investing” as a way to fight climate change. It’s not — it’s just a scheme to make some rich people even richer.
Feminism is about fighting for a good life for everyone, regardless of gender, race, or income. We can’t achieve that under capitalism.