Category Archives: Harm through the market

Oligopolies and monopolies are very important ways of obtaining income without providing a productive service. They produce goods, a productive service. However, they receive additional income by raising prices, and their oligopoly/monopoly profits are distinguished by economists from normal profits and other expenses, which are the returns to productive activity. There are other harmful aspects to concentration and large firms as well, including restriction of innovation, using patents to defend market position, non-compete requirements for their employees, and substantial political power.  Also see Obtaining income from the government as both are often involved.

Oppression and Exploitation News November 19 – 25

Damage to the U.S. economic and financial system 2020

Mnuchin to end key Fed emergency programs, limiting Biden Jeanna Smialek and Alan Rappeport New York Times November 19, 2020
The Treasury Department asked the Federal Reserve to return unused funds, downsizing the next secretary’s ability to restart the economic support.

A revealing report on the mid-March financial crisis Nick Beams World Socialist Web Site November 19, 2020 See the Financial Stability Board’s full report (60 page PDF file)

Harming people – Keeping people oppressed 2020

Trump’s attempts to overturn the election are unparalleled in U.S. history David E. Sanger New York Times November 19, 2020 (news analysis)
The president’s push to prevent states from certifying electors and get legislators to override voters’ choice eclipses even the bitter 1876 election as an audacious use of brute political force.

They championed Venezuela’s revolution. They are now its latest victims. Isayen Herrera, Anatoly Kurmanaev, Tibisay Romero and Sheyla Urdaneta New York Times November 19, 2020
In an effort to complete his consolidation of power, Nicolás Maduro is cracking down on the leftist activists who once supported him, but have begun to speak up against his administration’s corruption and cronyism.

Opposing oppression and injustice 2020

Uganda releases opposition leader after clashes kill at least 28 Abdi Latif Dahir New York Times November 20, 2020
Two days after police took him into custody, presidential contender Bobi Wine resurfaced on Friday in court where he was charged with flouting coronavirus rules and released.

‘Now, we fight face to face’: Thailand’s protests shatter taboos Hannah Beech and Ryn Jirenuwat New York Times November 18, 2020
Antigovernment demonstrations have grown bolder, even insulting the king, but reform remains elusive and fears of a crackdown persist.

Harm through the government 2020

Egypt arrests human rights leader, continuing crackdown on dissent Vivian Yee New York Times November 19, 2020
The head of a human rights group and two of its other staff members have joined thousands of opposition figures, protesters and activists already in prison.

U.S. to drop case against Mexican ex-official to allow inquiry in Mexico Michael S. Schmidt and Natalie Kitroeff New York Times November 17, 2020
The announcement by the Justice Department was an abrupt turnaround a month after the high-profile arrest of a former defense minister.

Slavery, forced labor 2020

Apple is lobbying against a bill aimed at stopping forced labor in China Reed Albergotti Washington Post November 20, 2020
Apple wants to water down key provisions of the bill, which would hold U.S. companies accountable for using Uighur forced labor, according to two congressional staffers….While U.S. law already prevents companies from importing goods that were made using forced labor, the law is seldom enforced, and it’s difficult to prove U.S. companies know about the use of forced labor.

Oppression and Exploitation News November 12 – 18

Harming people – Keeping people oppressed 2020

Farcical coverage of Julian Assange’s farcical hearing Joshua Cho Fair November 13, 2020

Barr hands prosecutors the authority to investigate voter fraud claims Katie Benner and Michael S. Schmidt New York Times November 9, 2020
The attorney general said that he had authorized “instances” of investigative steps but that inquiries should not be based on specious claims. Mr. Barr’s authorization prompted the Justice Department official who oversees investigations of voter fraud, Richard Pilger, to step down from the post within hours.

Conflict 2020

Sunken boats. Stolen gear. Fishermen are prey as China conquers a strategic sea  Shashank Bengaliand and Vo Kieu Bao Uyen Los Angeles Times November 12, 2020

Harm through the market 2020

Uber and Lyft Drivers in California will remain contractors Kate Conger New York Times November 4, 2020
The victory of Proposition 22, the most expensive initiative in the state’s history, could help gig companies remake labor laws throughout the country.

Control of land and natural resources 2020

Barbarians at the barn: private equity sinks its teeth into agriculture Grain September 29 2020

Oppression and Exploitation News October 8 – 14

Harm through the market 2020

House lawmakers condemn Big Tech’s ‘Monopoly Power’ and urge their breakups Cecilia Kang and David McCabe New York Times October 6, 2020
In a report led by Democrats, lawmakers said Apple, Amazon, Google and Facebook needed to be checked and recommended they be restructured and that antitrust laws be reformed.

12 accusations in the damning House report on Amazon, Apple, Facebook and Google Mike Isaac, Steve Lohr, Jack Nicas and Daisuke Wakabayashi New York Times October 6, 2020

The code: How genetic science helped expose a secret coronavirus outbreak Sarah Kaplan, Desmond Butler, Juliet Eilperin, Chris Mooney and Luis Velarde Washington Post September 24, 2020
It wasn’t until their colleagues began to disappear that workers at Agri Star Meat and Poultry in Postville, Iowa realized there was a killer in their midst.

Harm through the government 2020

Trump, lagging in polls, pressures Justice Dept. to target Democrats and criticizes Barr Ann Gearan, Matt Zapotosky, Karoun Demirjian and Josh Dawsey Washington Post October 9, 2020