Over the last three decades, we’ve lost something precious and essential in the American concept of capitalism – the idea that shared prosperity is good business and smart economics because it generates long-term economic growth and competitiveness for the nation as a whole. High economic inequality is a drag on economic growth, economic studies show. […]
Washington – Riding a tide of tax cuts and rising profits over four decades, the captains of Corporate America have shifted $1 trillion each year from the paychecks of middle class Americans into massive payoffs to Wall Street investors and CEO pay packages. And now they want you to believe, once again, that cutting corporate […]
Washington – With his cabinet of billionaires and trickle-down CEOs, President-elect Donald Trump has set the stage for the second “Revolt of the Bosses,” ignoring that the first “Revolt of the Bosses” starting in the late 1970s fueled the gaping inequalities of income and wealth that now plague America and that infuriated Trump’s working class […]
Washington – If you think our tax system is rigged in favor of U.S. multi-national corporations, Exhibit A is the laws passed by Congress that have let nearly 50 major American companies renounce their U.S. citizenship and merge with foreign companies in order to duck U.S. corporate income taxes. In the anodyne lingo of Wall […]
Washington – Given Donald Trump’s gutter politics – his foul mouth, his racist bigotry, his dark nativism, you have to ask yourself, “How does he keep winning?” and “Why does he so alarm the Republican Establishment?” And the answer lies not so much in personality politics, but in something more explosive: Trump’s heresy against orthodox […]
Hedrick Smith, who conceived this website and is its principal writer and architect, is a Pulitzer Prize-winning former New York Times reporter and Emmy award-winning documentary producer for PBS and PBS FRONTLINE. more »
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