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January 21, 2010: The day corporate dictatorship destroyed the last remnants of US Democracy

globinfo freexchange     As we described many times in this blog, corporate power grew rapidly since the early 70s with the rise of neoliberalism and its subsequent establishment as the dominant culture, especially in the West.  In the motherland of neoliberalism, the United States, corporations essentially legalized corruption in politics during the 70s in order to capture the entire political system and put it under their complete control. As David Harvey describes in his book A Brief History of Neoliberalism :                          The supposedly ‘progressive’ campaign finance laws of 1971 in effect legalized the financial corruption of politics. A crucial set of Supreme Court decisions began in 1976 when it was first established that the right of a corporation to make unlimited money contributions to political parties and political action committ...

The main reason corporate Dems want so desperately to beat Trump in this election cycle

globinfo freexchange   As we explained previously, what we see now in the United States with Trump, is a counter-attack by the part of the American capital against the globalist faction. The faction that is primarily consisted by the liberal plutocracy. Therefore, as the capitalist class splits, the capitalists around Trump are now taking with them the most conservative part of the American society, as they need electoral power. They have the money and their own media network. Their first big victory was Trump in the US presidency and this explains why the liberal media attack him so hard and so frequently.   The COVID-19 pandemic added more chaos in the ongoing civil war between capitalists and (as always), the working class is paying the price for the additional mess.   The DNC establishment fought hard, one more time, to get rid of Bernie Sanders in order to impose its own - fully controllable and fully dedicated to the neoliberal status quo - Joe Biden/K...

How Amazon raised prices to profit from the pandemic

 by Alex Harman Part 2 - Introduction   As the coronavirus COVID-19 pandemic took hold in the United States in late February / early March 2020, reports of product shortages, hoarding, and massive price increases soon arose. And once the pandemic response moved from emergency declarations to stay-at-home orders, the public increasingly turned to online shopping and delivery.    Amazon, which is by far the biggest online seller in the world, experienced a dramatic increase in revenue. But prices also spiked on Amazon, leading to accusations of price gouging on its online marketplace. Amazon responded by blaming the skyrocketing prices on unscrupulous third-parties that sell on its website. By taking a public stance against price gouging, Amazon portrayed itself as an unwitting victim.   Amazon claimed that it took several steps to curb price gouging. These steps included cooperating with law enforcement to identify third-party sellers engaged in price gouging,...