Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018

Journal of People report

“Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00”, wrote Fortune in a story on Amazon’s payment of Federal Income Tax (“Amazon Will Pay a Whopping $0 in Federal Taxes on $11.2 Billion Profits”, Laura Stampler, updated: February 15, 2019, originally published: February 14, 2019).

Bernie Sanders twitted: You know what Amazon paid in federal income taxes last year? Zero.Read More »

Nationalizing the Banks is a Popular Demand, So Let’s Demand It

by Glen Ford

The following is an edited version of remarks Black Agenda Report executive editor Glen Ford delivered to a panel on Imagining an Authentic U.S. Left for the 21stCentury ,” at the Left Forum, in New York City, this past weekend.

Power to the People!

I’m honored to be among the folks that Paul Street invited to think with him about what an “authentic” left would look like in the United States. It’s something that many of us think about all the time.Read More »

Are You Paying Enough for Your Food?

by Danielle Nierenberg and Emily Payne

Inter Press Service | May 31, 2018

Are You Paying Enough for Your Food?Credit: Bigstock

New Orleans, United StatesMany factors contribute to the cost of a tomato. For example, what inputs were used (water, soil, fertiliser, pesticides, as well as machinery and/or labour) to grow it? What kind of energy and materials were used to process and package it? Or how much did transportation cost to get it to the shelf?Read More »

Under the cover of philanthropy: a monopoly machine at work

by Pavan Kulkarni

News Clicks | March 22, 2018

Bill and Melinda Gates Foundation
Image Courtesy: Business Day

 The long-term costs of allowing a handful of corporations to take over healthcare and agriculture in developing countries, in exchange for vaccinations and hybrid seeds sold at discounted price, is likely to be a forbidding one – one that the populations of the Global South will be suffered to pay once the process of monopolization is complete.

The possibility of a handful corporations monopolizing healthcare and agriculture in the developing world is a very real risk today. Closely associated with these corporations, the Bill and Melinda Gates Foundation (BMGF) – the richest and the most powerful philanthropic foundation shaping these sectors globally – aids them in the process of monopolization by granting huge funds to its network of NGOs to carry out activities which mainly benefit these selected corporations, in many of which the foundation has considerable financial stakes.   Read More »

Bubbles, Stocks and Crashes

by Prabhat Patnaik

People’s Democracy | February 18, 2018

WHAT is happening in the US economy provides an object lesson on the functioning of neo-liberal capitalism. Pre-first world war capitalism which had witnessed the long Victorian and Edwardian boom had relied on the colonial arrangement for the system’s dynamics. The goods produced by Britain had been sold in colonial and semi-colonial economies (causing “deindustrialisation” there), and goods of even greater value had been taken away from these economies (the difference constituting the “drain of surplus”) to be exported, partly against British imports and partly on credit, to the “New World”, ie, to the temperate regions of white settlement, for which Britain and not the colonies were counted as the creditors.Read More »