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Passed in 1996, Section 230 of the Communications Decency Act sought to foster the growth of the early internet. Congress created a special form of legal immunity for websites so they could develop uninhibited by lawsuits that might suffocate the ecosystem. In the time since, companies ... have invoked Section 230 to nip user-content lawsuits in the bud, arguing, usually successfully, that they are not responsible for the content their users create. Democrats say the law has given websites a free pass to overlook hate speech and misinformation; Republicans say it lets them suppress right-wing viewpoints. The Supreme Court [is] reviewing Section 230; Congress and the White House have also proposed changes to the law. Understanding how the internet may work differently without Section 230 ... starts with one, simple concept: Shrinking the liability shield means exposing websites and internet users to more lawsuits. A Supreme Court ruling restricting immunity for recommendations could mean any decision to like, upvote, retweet or share content could be identified as a “recommendation” and trigger a viable lawsuit. One option would be to preemptively remove any and all content that anyone, anywhere could even remotely allege is objectionable ... reducing the range of allowed speech on social media. Another option would be to stop moderating content altogether, to avoid claims that a site knew or should have known that a piece of objectionable material was on its platform.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and media manipulation from reliable sources.
Community wealth building initiatives are taking hold in cities across the world, strengthening worker pay, local economies and democracy. A recent help-wanted ad for a laundry worker in Cleveland contained some unusual language, asking prospective candidates: “Have you ever wanted to work for a company that is 90 percent employee-owned?” The ad went on to identify Evergreen Cooperative Laundry as the only employee-owned commercial laundry firm in the country, citing a commitment to building the wealth and careers of its employees. The cooperative movement in the Rust Belt city of Cleveland has deep roots in community struggle for shared wealth. Its earliest origins are in the Mondragon co-op movement of the Basque Country in northern Spain, where tens of thousands of workers are organized into a vast co-op network that has flourished since the 1950s. Here in the U.S., when steel companies were closing down throughout the Ohio Valley in the 1970s ... a small band of activists promoted the idea of worker ownership. The model is a simple one: First, identify anchor institutions — hospitals, universities, seats of government — that are not going to relocate in search of higher profits and incentivize them to do their procurement of supplies and services locally, so that those dollars stay at home. Then, make regulatory, financing and policy changes that support the growth of cooperatives to supply their needs, so that the business profits stay with the workers.
Note: Explore more positive stories like this in our comprehensive inspiring news articles archive focused on solutions and bridging divides.
The Bill & Melinda Gates Foundation ... said last month it was “not right” for the charity to take on such a big role in funding the World Health Organization (WHO). Over the years, the billionaire philanthropists have become the WHO’s second biggest donor, making the health agency heavily dependent on their support to keep functioning. Global health experts say that while this money is welcome, it gives the Gates an outsized influence and underscores the chronic funding problem WHO faces even as it contends with more and more health crises. The Bill & Melinda Gates Foundation alone is responsible for over 88 per cent of the total amount donated by philanthropic foundations to the WHO. Other contributors include the Bloomberg Family Foundation (3.5 per cent), the Wellcome Trust (1.1 per cent) and the Rockefeller Foundation (0.8 per cent). In 2018-2019, the United States was the largest donor at $893 million, accounting for around 15 per cent of WHO’s budget. The Gates Foundation came only second, with $531 million. Most of these voluntary contributions are “specified” - meaning they are tied to a specific programme or health campaign in a specific part of the world and are given a detailed time frame during which to be spent. Polio eradication, for instance, has long been WHO’s best-funded program, mainly because much of the Gates Foundation’s contributions have been directed to that cause.
Note: For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources.
Australia has become the first country to recognise psychedelics as medicines, after the Therapeutic Goods Administration took researchers by surprise and approved the psychedelic substances in magic mushrooms and MDMA for use by people with certain mental health conditions. MDMA and psilocybin, the active ingredient in magic mushrooms, will be considered schedule 8 drugs - meaning they’re approved for controlled use when prescribed by a psychiatrist - from July this year after the TGA acknowledged there were few other options for patients with specific treatment-resistant mental illnesses. The changes will allow MDMA to be used to treat post-traumatic stress disorder, and psilocybin for treatment-resistant depression. They will still be considered prohibited substances ... for all other usages. “Prescribing will be limited to psychiatrists, given their specialised qualifications and expertise to diagnose and treat patients with serious mental health conditions,” a TGA statement published on Friday said. Associate Professor David Caldicott, an emergency department doctor who appeared at the Royal Commission into Defence and Veteran Suicide ... was pleasantly surprised by Friday’s decision. “The conditions for which these drugs might be used [post-traumatic stress disorder and treatment-resistant depression] are currently conditions for which you’re basically destined to a lifetime of drug use. Whereas the MDMA particularly is used to facilitate psychotherapy, only for a few doses,” [said Caldicott].
Note: For more along these lines, see concise summaries of deeply revealing news articles on mind-altering drugs from reliable major media sources.
A war between China and Taiwan will be extremely good for business at America’s Frontier Fund ... according to audio from a February 1 event. The remarks occurred at a tech finance symposium hosted at the Manhattan offices of Silicon Valley Bank. “If the China-Taiwan situation happens, some of our investments will 10x, like overnight,” [a] person who identified as “Tom” said. “So I don’t want to share the name, but the one example I gave was a critical component that ... the total market value is $200 million, but it is a critical component to a $50 billion market cap. That’s like a choke point, right. And so if it’s only produced in China, for example, and there’s a kinetic event in the Pacific, that would 10x overnight, like no question about it. There’s a couple of different things like that.” AFF is surely not the only venture fund that would see stratospheric returns throughout their portfolio in the case of a destabilizing global crisis, like a “kinetic event in the Pacific” — that is to say, war. Gilman Louie, AFF’s co-founder and current CEO, serves as chair of the National Intelligence University, advises Biden through his Intelligence Advisory Board, and was tapped for the State Department’s Foreign Affairs Policy Board. Louie previously ran In-Q-Tel, the CIA’s venture capital arm. In other words, AFF stands to massively profit from a geopolitical crisis while its CEO advises the Biden administration on geopolitical crises. AFF was founded last year with support from former Google CEO Eric Schmidt.
Note: While the detection of a Chinese spy balloon drums up significant fear and outrage over hostile foreign “threats,” an incisive article reveals how US surveillance of foreign countries is quite common, including their recent expansion of military bases in Southeast Asia to monitor and surveil China. Furthermore, many independent journalists are questioning the war-fueling narrative that China is a threat to national security. Watch an insightful analysis uncovering the deeper story of what’s behind the growing tensions between the US and China.
Last year, when Tyler Jenk was looking for a roommate to share his house in Oakland, California, he met man named Askari Johnson who was looking for a fresh start. Johnson had recently been released from San Quentin State Prison after more than 20 years. The pair ended up forming a symbiotic relationship as roommates, despite coming from different walks of life. While in prison, Johnson had several goals for his new life. One of them was to live independently. His lawyer told him about The Homecoming Project. "The Homecoming Project is a program to place formerly incarcerated people into homes that are potentially a better situation than halfway houses," Jenk explained. "The program pays their rent and gives them a laptop and a cellphone and guidance to help get started back in society." The program is run by Impact Justice and funded by Wells Fargo. Impact Justice says formerly incarcerated people are almost 10 times more likely to become homeless than the general population. And without the right support and resources, more than two-thirds of prisoners are rearrested within three years of their release. Johnson landed a job as a contractor within two months of joining the homecoming project. After six months, he moved out of Jenk's place and was looking for a home of his own. Since it started in August 2022, 100% of The Homecoming Project's more than 80 participants have successfully returned to their community and began rebuilding their lives, the organization said.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
In June 2017, The Intercept published a leaked N.S.A. document, which it claimed revealed “a months-long Russian hacking effort against the U.S. election infrastructure.” Ever since, it has been an article of faith in the mainstream media and among Democratic politicians that Russian G.R.U. cyberwarriors “hacked” the 2016 election. Moreover, Reality Winner, the N.S.A. analyst who leaked the document and ended up in jail as a result, has been elevated to the status of a heroic whistleblower. There are strong grounds to believe Winner unwittingly walked into a trap laid by the C.I.A. Winner has always claimed she acted alone, and there is no reason to doubt that she felt it was her patriotic duty to release the document. But her clumsiness, naivety and incompetence suggest she may well be easily manipulable, and a great many individuals and organizations had an interest in the dud intelligence report’s release. Foremost among them, elements of the C.I.A. loyal to John Brennan, Agency director between 2013 and January 2017. Brennan fudged ... findings to keep the F.B.I. Trump-Russia “collusion” investigation alive. Launched by the Bureau in 2016, it found no evidence Trump or members of his campaign were conspiring with Moscow. It is an obvious question whether Winner’s leak – in addition to furthering the RussiaGate fiction and damaging Trump – also served to discredit the N.S.A. by creating the illusion it had been asleep at the wheel over Kremlin meddling.
Note: Listen to audio of renowned journalist Seymour Hersch debunking the intelligence agency lie that Russia was responsible for the 2016 DNC email leaks, which exposed corruption in the party. Reality Winner's leak gave credence to this lie. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and media manipulation from reliable sources.
I staunchly supported the efforts of the public health authorities when it came to COVID-19. I was with them when they called for lockdowns, vaccines, and boosters. I was wrong. We in the scientific community were wrong. And it cost lives. The scientific community from the CDC to the WHO to the FDA and their representatives, repeatedly overstated the evidence and misled the public about its own views and policies, including on natural vs. artificial immunity, school closures and disease transmission, aerosol spread, mask mandates, and vaccine effectiveness and safety, especially among the young. All of these were scientific mistakes at the time, not in hindsight. Some of these obfuscations continue to the present day. We excluded important parts of the population from policy development and castigated critics, which ... exacerbated longstanding heath and economic disparities. We systematically minimized the downsides of the interventions we imposed–imposed without the input, consent, and recognition of those forced to live with them. In so doing, we violated the autonomy of those who would be most negatively impacted by our policies: the poor, the working class, small business owners, Blacks and Latinos, and children. We severely judged lockdown critics as lazy, backwards, even evil. We believed "misinformation" energized the ignorant. If our public health officials had led with less hubris, the course of the pandemic in the United States might have had a very different outcome, with far fewer lost lives.
Note: The above was written by MD/PhD student Kevin Bass. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
A federal appeals court in Philadelphia rejected Johnson & Johnson ‘s use of chapter 11 bankruptcy to freeze roughly 40,000 lawsuits linking its talc products to cancer, blunting a strategy the consumer health giant and a handful of other profitable companies have used to sidestep jury trials. The Third U.S. Circuit Court of Appeals on Monday dismissed the chapter 11 case of J&J subsidiary LTL Management LLC, which the company created in 2021 to move the talc injury lawsuits to bankruptcy court and freeze them in place. J&J is now exposed once again to talc-related cancer claims that have cost the company’s consumer business $4.5 billion in recent years and are expected to continue for decades. J&J tried to stanch those costs through an emerging corporate restructuring strategy that offered J&J and other companies the protections of bankruptcy, despite their solvent balance sheets and solid credit ratings, and put a total of more than 250,000 injury lawsuits against the businesses on hold. Monday’s decision marks the first time a federal appeals court has disapproved of the bankruptcy strategy, known in legal circles as the Texas Two-Step. The court’s decision could mark tougher scrutiny of the legal tactic, which would make it harder for big companies to move past potentially costly and time-consuming personal-injury litigation. Bankruptcy allows companies swamped by lawsuits to drive settlements of legal liabilities through a chapter 11 plan and stop litigation from advancing in the civil justice system.
Note: Johnson & Johnson knew that its products caused cancer and lied to the public about it for decades. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
Since the rollout of mRNA COVID-19 vaccines, experts and academics from around the world have been raising numerous short-term and long-term safety concerns. One of these deals with the spike protein that the human cell is instructed to generate as a result of the shot, and how it differs from the spike protein that’s generated from a natural infection. A “pseudouridine” molecule has been added to the mRNA to give it a longer half-life than normal mRNA. Therefore, the production of spike protein within the cell, of those who have been vaccinated, is not being turned off. This is concerning because multiple studies have shown that the vaccine induced spike protein can leak outside of the cell and enter into the blood- stream. This is one possible mechanism of action in which vaccine injuries are occurring. During an autopsy of a vaccinated person who had died after mRNA vaccination, it was found that the vaccine disperses rapidly from the injection site and can be found in nearly all parts of the body. Looking into these concerns is important to figure out why so many COVID vaccine injuries around the world have been reported compared to previous vaccines. Approximately 50 percent of vaccine injuries reported to the Vaccine Adverse Events Reporting System (VAERS) in the last 30 years have all been from COVID products. Concerning autopsy results have also been published. It’s quite clear something very serious about these shots is and has been ignored.
Note: VAERS only captures a portion of vaccine injuries and deaths. Vaccine adverse event numbers are made publically available, and currently show 2,579,111 COVID vaccine injury reports and 37,100 COVID Vaccine Reported Deaths (out of 47,290 Total Reported Deaths from all vaccines). Read our in-depth report about this concerning trend, and how the VAERS system presents an incomplete picture of vaccine injuries. For more along these lines, see concise summaries of deeply revealing news articles on COVID vaccines from reliable major media sources.
A recent Gallup poll found that a whopping 18 million Americans—including 20 percent of Americans who make less than $24,000 annually—cannot afford at least one of their prescriptions. The status quo is sad and tragic and needs to end. Congress can help by addressing seemingly monopolistic forces in the industry that may be keeping costs high. Congress should start by investigating the potential anti-competitive activities posed by the nation's leading drug wholesalers. The nation's three largest pharmaceutical distributors own an estimated 75 percent of the nation's pharmacy services administrative organizations (PSAOs)—the organizations that are supposed to negotiate good drug contract deals on pharmacies' behalf. If the major companies that sell drugs owning the entities that are supposed to restrain drug prices sounds like a clear conflict of interest, that's because it probably is one. And the fact that these three pharma distributors have already been the subject of nationwide Department of Justice and Federal Trade Commission lawsuits for seemingly predatory business activities only compounds this alarming antitrust issue. A growing number of states—including Louisiana, Maryland, and Wisconsin—have begun investigating the role that PSAOs may play in America's drug price-gouging problem and have passed legislation to increase PSAO transparency and oversight. That said, this is a federal issue and requires a federal solution.
Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma profiteering from reliable major media sources.
The U.S. government may have awarded roughly $5.4 billion in coronavirus aid to small businesses with potentially ineligible Social Security numbers, offering the latest indication that Washington’s haste earlier in the pandemic opened the door for widespread waste, fraud and abuse. The top watchdog overseeing stimulus spending — called the Pandemic Response Accountability Committee, or PRAC — offered the estimate in an alert issued Monday and shared early with The Washington Post. It came as House Republicans prepared to hold their first hearing this week to study the roughly $5 trillion in federal stimulus aid approved since spring 2020. The suspected wave of grift targeted two of the government’s most generous emergency initiatives: the Paycheck Protection Program, known as PPP, and the Economic Injury Disaster Loan, dubbed EIDL. Studying more than 33 million applicants, the PRAC uncovered more than 221,000 ineligible Social Security numbers on requests for small-business aid. That included thousands of cases where the number was “not issued” by the government, for example, or it did not match the correct name and birth information. More than a quarter of those applications, using nearly 70,000 suspect Social Security numbers, were still approved between April 2020 and October 2022 despite the questionable data — and the government loaned those applicants about $5.4 billion, the watchdog found. The full extent of taxpayers’ losses remains unknown, even to Washington.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the coronavirus from reliable major media sources.
Gov. Gavin Newsom boasts that California is the land of the free, yet courts keep rebuking state lawmakers for violating individual liberties. A federal judge did so again last week in enjoining a new state law that threatened to punish doctors accused of promulgating Covid “misinformation.” Democrats last year passed legislation empowering the state medical board to discipline doctors licensed in the state who “disseminate misinformation or disinformation” that contradicts the “contemporary scientific consensus” or is “contrary to the standard of care.” The law’s goal is to enforce a public-health orthodoxy among doctors and silence dissenters. But as federal Judge William Shubb explains, the law’s definitions of “misinformation” and “contemporary scientific consensus” are unconstitutionally vague under the Due Process Clause of the Fourteenth Amendment. Doctors have no way of knowing how the law will be applied by the board or interpreted by courts, which chills their practice of medicine. “Who determines whether a consensus exists to begin with? If a consensus does exist, among whom must the consensus exist (for example practicing physicians, or professional organizations, or medical researchers, or public health officials, or perhaps a combination)?” Judge Shubb wrote. Under the law, doctors could be punished for contradicting the public-health orthodoxy on Covid vaccines for children or for booster shots.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus from reliable major media sources.
Roughly 110,000 Americans died from a drug overdose between February 2021 and February 2022. That figure is part of a larger troubling trend. Life expectancy in the U.S. fell in 2020 and again in 2021, after decades of progress. Deaths linked to alcohol, drugs, and suicide are a major part of that change. Overdoses, suicides and other “deaths of despair” ... have been climbing since the 1990s and may have accelerated in recent years. Losing a job, recovering from an accident or illness, and experiencing divorce or financial difficulties may trigger desperation. People may use drugs and alcohol to ease these uncomfortable mental states. Scientific evidence shows that one common denominator in this cycle of stress, anxiety, depression and substance abuse is physical pain. The relationship between despair and pain is multifaceted. As most people know from personal experience, physical pain increases psychological distress and anxiety. The reverse relationship is also possible: psychological distress can cause physical pain. When someone is in a negative mood, researchers have found, the brain areas that play a role in physical pain also engage. The opioid epidemic may be the most prominent example of how physical pain and despair interact. The misuse of painkillers, especially opioids, generates changes in the brain that trigger higher pain sensitivity, as well as greater tolerance of and addiction to these drugs. As a result, people are more likely to overdose on these medications.
Note: For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.
The origin of SARS-CoV-2, the agent that causes the disease COVID-19, remains a mystery. But there are purportedly a few high up in government and scientific communities well aware of its genesis. In “The Truth About Wuhan: How I Uncovered the Biggest Lie in History,” Andrew G. Huff, former EcoHealth Alliance vice president and senior scientist, details his coming forward “as a material witness and whistleblower related to SARS-CoV-2.” “The Truth About Wuhan” [contains] an insider’s view of working for EcoHealth Alliance; a damning critique of models and techniques used to hunt coronaviruses; a reasoned aversion to “gain of function” research; the real COVID-19 timeline; China and U.S. culpability in the virus mayhem; and the multifarious, direct attacks used by the federal government to harass and discredit Mr. Huff. According to the author, “SARS-CoV-2 leaked from the [Wuhan Institute of Virology] laboratory as early as August 2019. The probable cases detected in Italy in 2019 make sense as Italy is one of the most popular tourist destinations of the Chinese. By mid-October 2019 the disease was likely already on every continent except Antarctica. The DoD, along with militaries globally, detected the disease in their countries’ service members that attended the Military World Games in Wuhan. Trying to avoid global panic, governments began to implement response plans, which included the U.S. government’s mobilization of the mRNA SARS-CoV-2 gene therapy.”
Note: Before buying this book, you might read this review and the reviews on Amazon. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
It’s not enough for George Soros to fund the media and encourage stories that back up his point of view — he has to make sure no one disagrees with it. Last year, Soros partnered with ... billionaire Reid Hoffman (the co-founder of LinkedIn) to financially back a project to fight so-called disinformation. The name they chose: Good Information Inc. Major fact-checking organizations such as PolitiFact, Snopes, and others have long faced allegations of left-wing political bias — allegations a series of studies over the years have confirmed. One of the more recent studies of bias on PolitiFact found sources six times more likely to defend Biden in their “fact-checks” than check his facts. Major funding for PolitiFact’s parent company, The Poynter Institute, includes the John S. and James L. Knight Foundation, Ford Foundation, Soros-backed Tides Foundation ... among many others. One project of the Poynter Institute specifically, the International Fact-Checking Network (IFCN), was launched in 2015 with its initial funding coming from the National Endowment for Democracy (backed by the US State Department), the Omidyar Network, Google, Facebook, the Bill & Melinda Gates Foundation, and George Soros’ Open Society Foundations. The problem, of course, is that these “fact checks” are anything but impartial. Facebook and other social-media companies censored any articles that suggested the COVID-19 virus leaked from a Wuhan lab, based on denials of scientists who had a conflict of interest.
Note: For more along these lines, see concise summaries of deeply revealing news articles on mass media manipulation from reliable sources.
The US’s transition to electric vehicles could require three times as much lithium as is currently produced for the entire global market, causing needless water shortages, Indigenous land grabs, and ecosystem destruction inside and outside its borders, new research finds. It warns that unless the US’s dependence on cars in towns and cities falls drastically, the transition to lithium battery-powered electric vehicles by 2050 will deepen global environmental and social inequalities linked to mining – and may even jeopardize the 1.5C global heating target. But ambitious policies investing in mass transit, walkable towns and cities, and robust battery recycling in the US would slash the amount of extra lithium required in 2050 by more than 90%. In fact, this first-of-its-kind modeling shows it is possible to have more transport options for Americans that are safer, healthier and less segregated, and less harmful mining while making rapid progress to zero emissions. If Americans continue to depend on cars at the current rate, by 2050 the US alone would need triple the amount of lithium currently produced for the entire global market, which would have dire consequences for water and food supplies, biodiversity, and Indigenous rights. Lithium mining is, like all mining, environmentally and socially harmful. More than half the current lithium production, which is very water intensive, takes place in regions blighted by water shortages that are likely to get worse due to global heating.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
The food served at the suburban San Francisco school system, Mount Diablo Unified, reflects a trend away from mass-produced, reheated meals. Its lunch menus are filled with California-grown fruits and vegetables, grass-fed meats and recipes that defy the stereotype of inedible school food. Among American schoolchildren, these students are in the lucky minority. Making fresh meals requires significant investment and, in many areas, an overhaul of how school kitchens have operated for decades. What’s more, federal money to boost lunch budgets has declined. The government last year ended a pandemic-era program offering free school meals to everyone. A few states, such as California, have been paying to keep meals free for all students, but most states went back to charging all but the neediest kids for meals. Increases in money from California’s state government have made it possible for Mount Diablo to buy fresher local ingredients and hire the chef, Josh Gjersand, a veteran of Michelin-starred restaurants. Local farms, bakers, creameries and fishermen now supply most ingredients to the district, which serves 30,000 students from wealthy and low-income communities east of San Francisco. Making food from scratch isn’t just healthier, it’s cheaper, many school nutrition directors say. In 2021, California committed to spending $650 million annually to supplement federal meal reimbursements — money for food, staff, new equipment and other upgrades.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Violence among children has soared across the country since 2020, a stark reversal of a decades long decline in juvenile crime. In the U.S., homicides committed by juveniles acting alone rose 30% in 2020 from a year earlier, while those committed by multiple juveniles increased 66%. The number of killings committed by children under 14 was the highest in two decades, according to the most recent federal data. One consequence is a mounting toll of young victims. The number of juveniles killing other juveniles was the highest it has been in more than two decades, the 2020 federal data show. In New York City, police said 124 juveniles committed shootings during 2022, up from 62 in 2020 and 48 in 2019. “The tragedy here is that we’re talking about a gunman who is too young to be called a gunman because he’s 15 years old,” said Bronx District Attorney Darcel D. Clark after Kyhara’s death. “These ages make you weep.” The jump comes amid an overall wave of violent crime in the first two years of the pandemic—particularly homicides and shootings—that swept through urban and rural areas alike. Police, prosecutors and community groups attribute much of the youth violence to broad disruptions that started with the pandemic and lockdowns. Schools shut down, depriving students of structure in daily life, as did services for troubled children. Increased stress compounded a swelling mental-health crisis. Social-media conflicts increasingly turned deadly.
Note: For more along these lines, read an incisive essay written by a caring school teacher on the lockdown's tragic effects, including poor and homeless children.
According to Oxfam’s annual inequality report, released to coincide with the World Economic Forum meetings in Davos, the richest 1% of people have captured nearly twice as much new wealth as the rest of the world combined since the pandemic. Their fortune soared by $26tn, increasing their share of new wealth from 50% to two-thirds. The breakdown of these figures exposes how on a global basis, extreme wealth is accumulated not by innovating or increasing production, but by taking advantage of rising prices and exploiting labour. This has been happening for a while, but the pandemic accelerated the trend. Rich people benefited from everything – every positive intervention from the state and negative impact of the crisis somehow still ended up increasing their wealth. They benefited from rising costs by using them as an alibi to charge higher-than-inflation prices, then distributing the rewards as dividends instead of higher wages. Food and energy corporations made a killing, making $306bn in windfall profits in 2022, then distributing 84% to shareholders. Wealthy people have used their wealth to purchase democracy, to warp democracy in their own interests. They’ve done that through a global template that involves lowering taxes, privatising formerly public attempts to deal with common problems, liquidating the spending that went into things like social services, and then putting that money into their own pockets. The system ... is rigged.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and income inequality from reliable major media sources.
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