The historic UAW strike puts an exclamation point on more than a decade of efforts by Washington lawmakers to narrow the pay gap between top executives and workers.
The historic UAW strike puts an exclamation point on more than a decade of efforts by Washington lawmakers to narrow the pay gap between top executives and workers.
Of course that’s the enemy of anyone trying to address income inequality. What’s your point?
No ones really going after it. Anyone calling for stocks/corporations to be banned? Banks, landlords, publishers, basically anyone whose only “service” to society is having money.
A congresswoman is putting legislation forward to reinstate the Glass-Steagall Act which would greatly impact the stock market. It would ban stock buybacks, limit what and how large financial institutions could invest in and plenty of other stuff that is proven to help keep the economy stable.
Plenty of people want ground-up reform, or total abolition of, corporations and stock markets. Look left of the US democratic party and you’ll find more than you could ever care to read on economics and markets. Same goes for banks, landlords, and publishers. You’re describing (in a very vague and roundabout way) socialism.
Michael Hudson calls it out fairly regularly.