Corporate greed

US Healthcare Corporations Reap Profit From Human Misery

December 12, 2024 Natalia Marques, People's Dispatch. Educate! Assassination, Brian Thompson, Class Struggle, Corporate America, Corporate greed, health, Health Care, Health Insurance, Luigi Mangione, Medicare for all, United States

The assassination of UnitedHealthcare CEO Brian Thompson on December 4 has sparked a reaction that few may have suspected. The perpetrator has received an outpouring of popular support, and a profound debate on the brutality of the US for-profit healthcare system has been sparked, with many accusing healthcare corporations of reaping their profits directly from human misery. Thompson was shot and killed while heading to an investors meeting in Midtown Manhattan on December 4. Police have arrested 26-year-old Luigi Mangione in connection with the crime, who quickly has become a working class hero in the eyes of many in the US public, especially after his alleged manifesto revealed that he was motivated by outrage towards healthcare corporations.

‘It Had To Be Done’: Luigi Mangione Manifesto Revealed

December 12, 2024 Common Dreams. Resist! Assassination, Brian Thompson, Class Struggle, Corporate America, Corporate greed, Health Care, Luigi Mangione, UnitedHealthcare

A day after Luigi Mangione was arrested and charged as the alleged killer of UnitedHealthcare CEO Brian Thompson, independent journalist Ken Klippenstein on Tuesday published what he said was the 26-year-old's highly reported on manifesto. The existence of the handwritten document found on Mangione when he was taken into custody in Pennsylvania on Monday was confirmed by the New York Police Department, and major media outlets have quoted from it, but none had released it in full. "My queries to The New York Times, CNN, and ABC to explain their rationale for withholding the manifesto, while gladly quoting from it selectively, have not been answered," Klippenstein said on his Substack.

The ‘Silent Violence’ Of Corporate Greed And Power

December 7, 2024 Ralph Nader. Educate! Class Struggle, Corporate greed, Health Care, Health Insurance

For decades consumer groups have been sounding clarion calls for action against the “silent violence” causing massive casualties that arise from the unbridled power of corporate greed, criminal negligence or indifference. They cite statistical and case studies that the media and lawmakers mostly ignored or relegated to low levels of enforcement. Corporate bosses just have their corporate lawyers and public relations hacks brush away such warnings and pleas. One day stories they knew would not have legs if they just kept quiet or mumbled some general words of regret, promising some vague improvements to their products and services.

135,900,000 Reasons Why The Working Class Is So Angry

October 7, 2024 Les Leopold, Scheer Post. Strategize! Class Struggle, Corporate greed, Wall Street, Worker Rights and Jobs

Since 1993, 60.2 million workers who had been on the job for at least three years have been laid off, according to the Bureau of Labor Statistics. Another 75.7 million with less than three years tenure have also been let go. Working people understand that the periodic ups and downs of the economy can legitimately lead to job loss. But they also know that in many cases the reason they lost their job was not mismatches in supply and demand. Rather, their jobs were sacrificed to satisfy out and out corporate greed. Workers know that when a private equity firm buys up the company at which they work, trouble lies ahead. Just ask the 33,000 workers at Toys R Us, who lost their jobs when that fabled company was driven into the ground by KKR, a huge private equity company.

Boeing Pleads Guilty To Criminal Fraud: The Continuing 737 Max Saga

July 14, 2024 Prabir Purkayastha, People's Dispatch. Educate! Boeing, Boeing 747, Corporate greed, Corruption, NASA, Neoliberalism

Boeing has agreed to plead guilty to a criminal fraud charge regarding the two crashes of 737 Max airplanes that caused the death of 346 passengers on two flights: a Lion Air flight out of Indonesia in October 2018 and an Ethiopian Airlines flight in March 2019. Though Boeing had tried hard to convince the world that these accidents occurred due to poorly trained pilots in the third world, there was overwhelming evidence that Boeing had made significant changes to the flight control systems while hiding them from the US Federal Aviation Administration and the concerned airlines. The Seattle Times, which has done the most work in detailing the cause of the crashes and the failure of Boeing and the federal aviation regulator, described the settlement, “The plea deal… calls for Boeing to pay an additional $243.6 million fine.

Railroad Workers United Call Out Corporate Greed As Strike Looms

November 27, 2022 Kaitlyn Kennedy, TAG24. Educate! Corporate greed, National Strike, Railroads, Worker Rights and Jobs

Atlanta, Georgia - Around 55% of all US rail labor rejected a tentative contract agreement brokered in September, leaving the door open for a potential strike that could cost the country's economy an estimated $2 billion per day. According to Railroad Workers United Treasurer Hugh Sawyer, the decision was a long time coming. A locomotive engineer at Norfolk Southern with 34 years' experience, Sawyer has witnessed firsthand how working conditions on the railways have deteriorated over the last decade. He attributes those changes to private companies putting profits over people, as corporate execs and financiers bring in record sums while workers are left with scraps. The labor concerns on the rail lines extend beyond meager wages to quality-of-life issues stemming from punitive attendance policies, scheduling changes, and the inability to guarantee time off.

Guinea’s Plight Lays Bare The Greed Of Foreign Mining Companies

November 3, 2022 Vijay Prashad, People's Dispatch. Resist! Corporate greed, Democracy, Guinea, Mining

On October 20, 2022, in Guinea, a protest organized by the National Front for the Defense of the Constitution (FNDC) took place. The protesters demanded the ruling military government (the National Committee of Reconciliation and Development, or CNRD) release political detainees and sought to establish a framework for a return to civilian rule. They were met with violent security forces, and in Guinea’s capital, Conakry, at least five people were injured and three died from gunshot wounds. The main violence was in Conakry’s commune of Ratoma, one of the poorest areas in the city. In September 2021, the CNRD, led by Colonel Mamady Doumbouya, overthrew the government of Alpha Condé, which had been in power for more than a decade and was steeped in corruption.

Scheer Intelligence: Something’s Rotten In The Corporate States Of America

August 21, 2020 Robert Scheer, ScheerPost.com. Educate! Corporate greed, Corporatism, Corruption, Podcast

Beginning with the slave trade and leading all the way up to the climate crisis, author Barbara Freese’s “Industrial Strength Denial” examines eight of private industries’ most egregious crimes against humanity. On this week’s installment of “Scheer Intelligence,” the author and former assistant attorney general of Minnesota joins Robert Scheer to discuss what the host calls “heinous behavior” on the part of the corporations involved in each case, and, most importantly, how the corporatization of the United States has allowed unfettered greed to cause irreversible harm and an astounding loss of life.

The Infinite Greed, Power And Controls Of Giant Corporations

August 9, 2020 Ralph Nader. Educate! Apple, CEO Pay, Corporate greed, Corporatism

The combination of greed and power often spin out of control and challenge the enforceable rule of law and the countervailing force of the organized civic community. When greed and power are exercised by giant multinational corporations that escape the discipline of the nation-state, the potential for evil becomes infinite in nature. Enough is never enough. Global giant companies, aided and abetted by their corporate attorneys and accountants, can literally decide how little taxes they are going to pay by shifting profits and expenses among different tax haven countries such as Ireland, Luxembourg, and Panama.

Wall Street Beware: The Public Banking Movement Is Coming For You

July 7, 2019 Robert R. Raymond, Truthout. Organize! Corporate greed, New Economy, Public Bank, Wall Street

It may not come as a surprise to hear that the majority of Americans don’t trust the banking system in this country. Only 27 percent of those surveyed in a 2016 Gallup poll said they had “a great deal” or “quite a lot” of confidence in the institution — less than half of the record high set in 1979. And the lack of trust is spread relatively evenly across the political spectrum — it’s not just liberals or those on the left: Almost everyone is fed up with the banks. And if banking institutions don’t exactly spark joy, their lead characters — morally bankrupt investment bankers whose greed and arrogance almost singlehandedly collapsed the entire country’s economy — certainly don’t spark joy either.

Patients Protest MedStar’s Policies At Union Memorial Hospital

May 11, 2018 Bill Hughes, Baltimore Post Examiner Resist! Corporate greed, Health Care, Medicaid, Poverty

A spirited protest action was held at MedStar’s Union Memorial Hospital on Thursday morning, May 10, 2018. The hospital is located at 3333 N. Calvert Street, at 33rd Street & University Parkway, in Baltimore. About 40 activists showed up for the rally/press conference, which was sourced by the Maryland branch of “Health Care is a Human Right” (HCHR)” campaign. MedStar was the target of the protest action. The protesters charged that the institution had recently arbitrarily dropped Dr. Shawn Dhillon, a primary care doctor at Union Memorial for 20 years.” This action was supposedly done without cause by cutting him from “MedStar’s insurance plans.” This also had the effect of terminating half of the patients in his practice.

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