They’re also chipping away at the most fundamental freedom of all: the right to vote – restricting everything from mail-in voting to ballot dropboxes.
But their chipping away at freedom is even bigger than all this.
Can you really be free if you’re saddled with medical debt and have to routinely pay outrageous health care costs?
Can you really be free if you have no voice in your workplace and your employer refuses to let you organize with your coworkers for the right to collectively bargain?
Can you really be free if you’re not paid a living wage and have to choose between feeding your family or keeping your lights on?
A living wage, the right to join a union, guaranteed healthcare, the right to vote – these are the foundations of real freedom.
Yet Republicans oppose all of these.
There’s a reason the historic 1963 rally was called The March on Washington for Jobs and Freedom. Because freedom also means the ability to work in a job that pays enough to provide food, clothing, shelter, and medical care.
What Republicans want to preserve isn’t freedom, it’s power. The power to impose their narrow ideology on everyone else, no matter who suffers. Don’t let their propaganda convince you otherwise.
Below we’ve embedded the new video, along with the text of the video.
Your life could get a lot more dangerous. Republican appointees on the Supreme Court seem poised to strip away basic safety standards for our workplaces, our food, our air and water.
Congress gives federal agencies the authority to enact regulations that protect us in our daily lives. Congress defines the goals, but leaves it up to the health and safety experts in those agencies to craft and enforce regulations. I know regulations don’t sound very exciting, but they’re how our government keeps us safe.
Remember when lots of romaine lettuce was recalled because it was causing E.coli outbreaks? That was the Food and Drug Administration protecting us from getting sick. Working in a warehouse? The Occupational Safety and Health Administration sets standards to ensure you don’t breathe in dangerous chemicals like asbestos. Enjoying the fresh air on a clear, sunny day? Thank the Environmental Protection Agency for limiting the amount of pollution that can go into our air.
These agencies save lives. Since OSHA was established a half-century ago, its workplace safety regulations have saved more than 618,000 workers’ lives.
Republicans have been trying to gut these agencies for decades. Now, with the Supreme Court’s right-wing majority solidly in place, they have their best chance yet.
The Court claimed that Covid isn’t an “occupational hazard” because people can become infected outside of work, and that allowing OSHA to regulate in this manner “would significantly expand” its authority without clear Congressional authorization.
This is absurd on its face. Section 2 of the Occupational Safety and Health Act of 1970 clearly spells out OSHA’s authority to enact and enforce regulations that protect workers from illness, injury, and death in the workplace. Congress doesn’t need to list every specific workplace hazard before OSHA can protect workers.
What this ruling tells us is that the Republican appointees on the Supreme Court are intent on gutting the power of agencies to issue regulations.
This term, the Court will also hear a case regarding the EPA’s authority to enforce the Clean Water Act. If the Court undermines the EPA’s authority, it will put our environment – and our health – at risk. Remember when the Cuyahoga River caught on fire because it was brimming with oil, acid, and factory chemicals? That’s what we may be returning to.
And what’s next? Will they gut the Federal Trade Commission and put us all at risk of being defrauded? Target the Securities and Exchange Commission and deregulate the financial sector, sparking another financial crisis?
Beware. If Republican appointees on the Supreme Court succeed in gutting regulatory agencies, we all lose. This agenda is anti-worker, anti-consumer, and anti-environment. The only thing it’s good for is corporate profits.
In a new video from Robert Reich, former secretary of labor and accomplished author, the phenomena we are all experiencing on a daily basis, such as incredible high gas prices, crazy energy prices, more out-of-pocket at the grocery store, and what sure looks like price gouging and price hikes on almost everything, he takes on the root of it all, in other words: Inflation.
Naturally, with all of this being so obvious to you and me there’s no shortage of folks to explain the purported causes, from media outlets like The Washington Post, to Biden administration officials and pundits from left, right and center.
One explanation you will seldom hear, however, is that much of the pain we are experiencing is due to monopoly power, the inequality growing out of the economic concentration of the American economy and the ever increasing concentration of financial and market power to a relative handful of big corporations.
This perspective is not only refreshingly direct, but it actually has a remedy attached, unlike the usual reasons given, such as economic policy, government spending, irresponsible actions by the federal government and federal reserve and so on. While all of these are certainly good candidates for finger pointing, they generally have only one response attached that is suggested as a remedy: higher interest rates.
“How can this structural problem be fixed? Fighting corporate concentration with more aggressive antitrust enforcement. Biden has asked the Federal Trade Commission to investigate oil companies, and he’s appointed experienced antitrust lawyers to both the FTC and the Justice Department.”
– Robert Reich
The idea that corporate greed, massive corporate profits that keep rising, in spite of supply chain disruptions and other issues, could be at the root of the problems, and that aggressive use of antitrust law might just be an appropriate response to the deeper structural issue is spot on.
A real change via antitrust might help to reinstate tough competition, weed out greedy businesses and even slow down the increasing consolidation of the economy, and the concept comes across as a welcome revelation, or at least beats a job and economy crushing series of Paul Volcker-style (huge) interest rate hikes.
There’s an even bigger challenge on the horizon, however, which is the sheer size of the biggest tech firms, who make the companies mentioned in the video, such as Coke, Pepsi, Procter & Gamble, meat conglomerates and the pharmaceutical industry seem tiny by comparison. As noted by the Wall Street Journal, during the pandemic the behemoths such as Facebook, Amazon and Microsoft have surged.
This is evidence of even less competition than in the sectors mention and presented in the video, and yes, the energy sector, consumer goods, food prices are all showing little competition and that situation is getting worse.
At least we have Mark Zuckerberg, from a recent YouTube interview with Lex Fridman, with his sunny personality shining through, saying that “what if playing with your friends is the point [of life]?, and further “I think over time, as we get more technology, the physical world is becoming less of a percent of the real world, and I think that opens up a lot of opportunities for people because you can you can work in different places you can stay closer to people who are in different places removing barriers of geography”. At least, then, there’s that. Thanks Mark.
The video text reads well also on the page. Charts, graphics and the charismatic voice of Robert Reich are worth the watch, but here is the full text, in case you prefer:
Inflation! Inflation! Everyone’s talking about it, but ignoring one of its biggest causes: corporate concentration.
Now, prices are undeniably rising. In response, the Fed is about to slow the economy — even though we’re still at least 4 million jobs short of where we were before the pandemic, and millions of American workers won’t get the raises they deserve. Republicans haven’t wasted any time hammering Biden and Democratic lawmakers about inflation. Don’t fall for their fear mongering.
Everybody’s ignoring the deeper structural reason for price increases: the concentration of the American economy into the hands of a few corporate giants with the power to raise prices.
If the market were actually competitive, corporations would keep their prices as low as possible as they competed for customers. Even if some of their costs increased, they would do everything they could to avoid passing them on to consumers in the form of higher prices, for fear of losing business to competitors.
But that’s the opposite of what we’re seeing. Corporations are raising prices even as they rake in record profits. Corporate profit margins hit record highs last year. You see, these corporations have so much market power they can raise prices with impunity.
So the underlying problem isn’t inflation per se. It’s a lack of competition. Corporations are using the excuse of inflation to raise prices and make fatter profits.
Take the energy sector. Only a few entities have access to the land and pipelines that control the oil and gas powering most of the world. They took a hit during the pandemic as most people stayed home. But they are more than making up for it now, limiting supply and ratcheting up prices.
Or look at consumer goods. In April 2021, Procter & Gamble raised prices on staples like diapers and toilet paper, citing increased costs in raw materials and transportation. But P&G has been making huge profits. After some of its price increases went into effect, it reported an almost 25% profit margin. Looking to buy your diapers elsewhere? Good luck. The market is dominated by P&G and Kimberly-Clark, which—NOT entirely coincidentally—raised its prices at the same time.
Another example: in April 2021, PepsiCo raised prices, blaming higher costs for ingredients, freight, and labor. It then recorded $3 billion in operating profits through September. How did it get away with this without losing customers? Pepsi has only one major competitor, Coca-Cola, which promptly raised its own prices. Coca-Cola recorded $10 billion in revenues in the third quarter of 2021, up 16% from the previous year.
Food prices are soaring, but half of that is from meat, which costs 15% more than last year. There are only four major meat processing companies in America, which are all raising their prices and enjoying record profits. Get the picture?
The underlying problem is not inflation. It’s corporate power. Since the 1980s, when the U.S. government all but abandoned antitrust enforcement, two-thirds of all American industries have become more concentrated. Most are now dominated by a handful of corporations that coordinate prices and production. This is true of: banks, broadband, pharmaceutical companies, airlines, meatpackers, and yes, soda.
Corporations in all these industries could easily absorb higher costs — including long overdue wage increases — without passing them on to consumers in the form of higher prices. But they aren’t. Instead, they’re using their massive profits to line the pockets of major investors and executives — while both consumers and workers get shafted.
How can this structural problem be fixed? Fighting corporate concentration with more aggressive antitrust enforcement. Biden has asked the Federal Trade Commission to investigate oil companies, and he’s appointed experienced antitrust lawyers to both the FTC and the Justice Department.
So don’t fall for Republicans’ fear mongering about inflation. The real culprit here is corporate power.
We do have socialism in this country—but it’s not Democrats’ policies. The real socialism is corporate welfare.
You may have heard Republicans in Congress rail about how the Democrats’ agenda is chock-full of scary “socialist” policies.
We do have socialism in this country—but it’s not Democrats’ policies. The real socialism is corporate welfare.
Thousands of big American corporations rake in billions each year in government subsidies, bailouts, and tax loopholes—all funded on the taxpayer dime, and all contributing to higher stock prices for the richest 1 percent who own half of the stock market, as well as CEOs and other top executives who are paid largely in shares of stock.
Big Tech, Big Oil, Big Pharma, defense contractors, and big banks are the biggest beneficiaries of corporate welfare.
How? Follow the money. These corporations and their trade groups spend hundreds of millions each year on lobbying and campaign contributions. Their influence-peddling pays off. The return on these political investments is huge. It’s institutionalized bribery.
An even more insidious example is corporations that don’t pay their workers a living wage. As a result, their workers have to rely on programs like Medicaid, public housing, food stamps and other safety nets. Which means you and I and other taxpayers indirectly subsidize these corporations, allowing them to enjoy even higher profits and share prices for their wealthy investors and executives.
Not only does corporate welfare take money away from us as taxpayers. It also harms smaller businesses that have a harder time competing with big businesses that get these subsidies. Everyone loses except those at the top.
It’s more socialism for the rich, harsh capitalism for the rest.
It should be ended.
I’m as sensitive as anyone to the sufferings of Afghans now, but I’ve had it with the sanctimony of journalists and pundits who haven’t thought about Afghanistan for 20 years—many of whom urged we get out—but who are now filling the August news hole with overwrought stories about Biden’s botched exit and Taliban atrocities.
Yes, the exit could have been better planned and executed. Yes, it’s all horribly sad. But can we get a grip? The sudden all-consuming focus on Afghanistan is distracting us from hugely important stuff that’s coming to a head at home:
(1) Republican politicians and right-wing media worsening the surging Delta variant of COVID by fighting masks and vaccinations, as cities and school systems struggle to decide what to do;
(2) wildfires and floods consuming much of America, as House Democrats absurdly threaten to oppose Biden’s $3.5 trillion budget blueprint containing important measures to slow climate change;
(3) Texas on the verge of passing the nation’s most anti-democracy voting restrictions, adding to voter suppression measures in 24 other states, at the same time the “For the People Act” and the “John Lewis Voting Rights Act”—which would remedy these horrendous laws—languish in the Senate because Joe Manchin and Krysten Sinema refuse to do anything about the filibuster.
Enough sanctimony over Afghanistan. Enough about Biden’s falling approval ratings. We’ve had enough wall-to-wall coverage of the Olympics and then Andrew Cuomo and now the airport in Kabul. Can we please focus on the biggest things that need and deserve our attention right now? The window of opportunity to do anything about them will close sooner than we expect.
If we don’t take action now on COVID and the critical importance of vaccinations and masks, on climate change and Biden’s $3.5 trillion package, and on voter suppression and the necessity of the For the People and the John Lewis Voting Rights Acts, we may never.
So many stories, with such an overwhelming consensus on where the blame lies (Trump), with so much detail in the ongoing reporting, it’s a lot to even begin to absorb. However the headline is: a massive majority has sincerely reached the point of unmitigated and well deserved condemnation of Trump and his deluded followers.
How better to get a feel for the magnitude of the outrage than to scan the headlines the old fashioned way: by looking at the cover pages of the world’s biggest “newspapers”. The massive titles and biting subheadings show just how “done” the world press is with this malignant maniac.
To get through this we’re gonna need all our faculties on high alert…
It’s no wonder that the busiest freeway on the planet is nearly empty, with all that’s going on. Sure. But try driving on it if you remember the old normal. To dramatize, take a look at the video above taken during the 5pm rush hour on Tuesday, and the video below, of just what this beast could do on a big traffic day. Even a “normal” day, pre-covid-19 had a similar feeling. Not anymore.
It can be an emotional and somber experience to see, first hand and in-person, what the busiest freeway in the world looks like in the middle (at the beginning?) of a pandemic and with unemployment rate at up to 50% (locally). And then there’s the one bright spot; that the deserted freeway is being impacted even more so by the new “WFH” (work from home) boom as we change our lives and reduce carbon emissions by living a digital life.
“Anecdotal” evidence: raising the feeling that something’s going on other than what you hear from on-high
Sometimes, even if you listen to the voices all around you, take in all the news and noise, you just have to block all of that out and take a good look with your own eyes. If you look beneath the surface of the news you will also find a very different story.
Take for example the recent “positive” jobs reports. Unemployment appears to be dropping and the overall numbers are not as bad as many had feared, right? Or is that just a manufactured impression? The previous official jobs reports were rife with confusion and even errors that were admitted outright by The Bureau of Labor Statistics. Of course by that time the “good news” had already circulated and had created the desired effect (a delay of the stock market pricing-in the real unemployment numbers).
The reports, according to former US secretary of labor, Robert Reich, are not giving an accurate picture, and he points out in a recent piece that the real situation is that the current number of unemployed is the worst in over 70 years.
Naturally the reasons, emanating from the top job at the White House, for wanting to spin these very important numbers, are obvious. Not only is there the the high stakes re-election scenario but, in this special case, the potential prosecutions that could proceed from a loss for Trump in November.
And if you are not a “Robin Hood” day trader and are just trying to get a life?
Although Los Angeles is not currently in an official “lockdown”, there is a surge in new cases and over twelve million active cases worldwide, and over three million in the US alone. Therefore, the streets reflect the real situation that people are experiencing – both economic due to the lack of employment and the caution and self-isolation that is appropriate and the coronavirus continues to wreak havoc in the city.
Donald Trump said Thursday’s jobs report, which showed an uptick in June, proves the US economy is “roaring back”.
Rubbish. The labor department gathered the data during the week of 12 June, when America was reporting 25,000 new cases of Covid-19 a day. By the time the report was issued, that figure was 55,000.
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Then, just today, the newest jobs report came out. The headline on Marketwatch was that, although 33 million people are unemployed and millions more getting laid off weekly, “many doubt it’s that bad”. Why the caveat? You tell me.
Rather than focusing on the 33 million out of work, with the real number potentially far higher, they question anything that may help to mitigate the negative impression (bad for the stock market). Then they feature an earlier story with the title: “U.S. Regains 4.8 million Jobs in June”, further giving the impression that everything is hunky dory.
Oh, and late last night United Air Lines announced that they would lay off 36,000 which they site as a worst case scenario. Brooks Brothers announced Chapter 11 bankruptcy. Bed, Bath and Beyond are closing 200 stores. And the list goes on.
With the Climate Crisis far from over, A pandemic that has no end in sight and economic repercussions that are beginning to boggle the mind, there is plenty to overwhelm the average or even supra-average human.
Maybe, for now though, with all the doom and gloom, it’s best to just put the pedal-to-the-metal and enjoy the empty road…
