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Corporatism

Three Massive Funds Control A Chunk Of Most Media

Recently, FAIR (2/3/26) took a look at the owners of the biggest online media outlets. It focused on the controlling owners of those outlets, which are mostly publicly traded corporations. But a lot of the money—about $2 trillion dollars—invested in the top 50 online media outlets in the US is not the controlling owners’. Rather, it is possessed by minority institutional investors that manage assets for others. Take BlackRock, Inc., for instance. Innovation & Tech Today (7/8/22) called it “the biggest company you’ve probably never heard of.”

US Attacks In Venezuela, Greenland Lay Groundwork For Billionaire Fiefdoms

On January 3, 2026, Tim Stern, a German investor, was sleeping peacefully at his Venezuela residence when the phone on his small bedside table suddenly went wild. As he explained to Timothy Allen of the “Free Cities Podcast,” calls streamed in immediately after news broke that the United States had bombed Caracas in the early hours of the morning. Within hours, it was clear that Venezuelan President Nicolás Maduro had been captured and was being sent to the United States — a change, Stern said in the podcast, that “is going to be the start of an absolute bonanza here in Venezuela.”

The EPA’s Zero Sum Game Surfaces A Dialectical Paradox

Kali Akuno, founder of Jackson, Mississippi-based Cooperation Jackson, reminds us in his book Jackson Rising Redux, “To deal with the crisis of Black labor redundancy, the US ruling class has responded by creating a multipronged strategy of limited incorporation [see also the Black Misleadership class, the cooniferous Congressional Black Caucus, and other elements of the Black petty bourgeois], counterinsurgency [i.e. crushing, dividing, and severely weakening and elite capturing of Black-led organizations], and mass containment [vis a vis mass incarceration and the prison industrial complex]."

ExxonMobil Moves To Reshape Global Climate Accounting

“Pollution is everybody’s business,” Imperial Oil, Exxon’s Canadian affiliate, wrote in a 1970 report, “because essentially all of it results from the activities of men working to satisfy the needs and desires of men.” Fast forward over a half century and Imperial’s old argument is taking a new form. Today, ExxonMobil is seeking to upend how carbon emissions are accounted for — by changing the rules of the game. An ExxonMobil-backed initiative, Carbon Measures, is pushing to reshape how the world does the math on climate change. Their system, outside analysts point out, leaves consumers holding the bag.

Inside Coca-Cola’s Multi-Billion Dollar Theft Of Trade Secrets

Since 2004, as part of the Campaign to Stop Killer Coke, I have attended Coca-Cola’s annual meetings of shareholders to confront The Coca-Cola Company’s chief executives and board members over the company's involvement in horrific human rights abuses and other criminal behavior. These meetings often became confrontational and tense. I was violently attacked from behind while standing at the microphone raising issues of Coca-Cola’s complicity in deadly human rights abuses perpetrated against union leaders in Colombia. The assailants turned out to be Wilmington, Delaware police dressed in plain clothes moonlighting as Coca-Cola security.

Chicago Hospital’s Closure: A Canary In The Coal Mine For Corporatized Health

Predictably, Weiss Memorial Hospital, which has served the diverse and vulnerable populations of the northside Chicago neighborhood of Uptown for decades, closed its doors on August 8, 2025. Weiss Memorial Hospital was the first (and only) community safety-net hospital (a hospital whose stated mission is to serve low-income communities) in this neighborhood. The hospital closed despite impassioned pleas by several residents such as Phong Nguyen, a Vietnamese refugee and war veteran who has lived in Uptown and used Weiss Memorial for 50 years. As he told WBEZ, “I am over 80 years old this year. Not just my generation, but generations following myself still rely on this hospital for critical services; [Weiss is] a hospital that allows us to stay in the area and maintain the quality of life that we deserve.”

Railroad Worker Group Opposes Further Class One Rail Mergers

The group Railroad Workers United (RWU) has issued a formal Resolution and statement opposing any and all mega-rail mergers such as the one under question in recent weeks between rail giants Union Pacific and Norfolk Southern. Should that merger move forward and be condoned by the U.S. government, RWU notes that the remaining two Class One railroads, BNSF and CSX, would in effect be forced to amalgamate as well, resulting in just four major rail corporations controlling not just the industry, but the infrastructure as well. Upwards of 90% of the rail traffic of North America will be controlled by these four corporations. According to RWU General Secretary Nick Wurst, “In no other counties in the world outside of North America do huge rail corporations not just run the trains, but own the tracks, yards, signals, shops and other infrastructure."

Ukraine’s Corporate Carve-Up Collapses?

On July 5th, Bloomberg reported that a BlackRock-administered multibillion-dollar fund for Kiev’s reconstruction, due to be unveiled at a dedicated Ukraine Recovery Conference in Rome July 10th/11th, had been placed on hold at the start of 2025 “due to a lack of interest” among institutional, private, and state financiers. The summit is over, lack of investor enthusiasm persists, and “the project’s future is now uncertain.” It’s just the latest confirmation the West’s long-running mission to carve up Ukraine for profit verges on total disintegration. BlackRock’s Ukraine Development Fund has been in the works since May 2023. It was originally envisaged as one of the most ambitious public-private finance collaborations in history, which would rival Washington’s Marshall Plan that rebuilt – and heavily indebted – Western Europe in World War II’s wake.

The Trumpists Agitating To Coup Honduras

Prospera, a Peter Thiel-backed crypto ‘city’ running unregulated medical experiments on a Honduran island may very well be the spark for a US coup against Honduras this November. Prospera, if you haven’t come across it before, is a libertarian mini-state which is funded by crypto investors and tech oligarchs including Thiel and DOGE recruiter Marc Andreessen. Operating outside of Honduran law and run by a small council of venture capitalists and crypto libertarians who set their own laws and regulations, Prospera is under threat from the president of Honduras, Xiomara Castro, who wants to strip it of its special legal status.

Behind UnitedHealthcare’s CEO Is A Larger System Of Corporate Rule

The killing of UnitedHealthcare’s Brian Thompson — a brazen assassination of a wealthy CEO in the streets of midtown Manhattan — shocked the United States. But the tsunami of mass anger unleashed against a hated for-profit health care system has so far defined the story in the news. The killing sparked a deluge of personal testimonies of horrifying experiences with health insurance corporations. Dark humor around the shooting continues to flood social media. Millions of people in the U.S. viscerally hate health insurance corporations, and see these companies and their CEOs as symbols of the worst kind of corporate greed.

Flash Mob Takes Over Museum To Call Out Planet-Wrecking BP Donation

On Saturday 30 November the Great Court of the British Museum was taken over by the Climate Choir Movement flash mob when around two hundred visitors at the British Museum café stood up and broke into three-part harmony to sing: ‘It’s time to drop BP! Don’t take their dirty money!’ The singers, including members of Bristol Climate Choir, then processed to the entrance of the British Museum Great Court, the largest covered public square in Europe, and performed the classical hit Also Sprach Zarathustra by Richard Strauss, complete with new anti-BP words.

There’s A Severe Housing Crisis In The US: The Work To Make Housing A Right

A new report, Billionaire Blowback on Housing: How concentrated wealth disrupts housing markets and worsens the housing affordability crisis, explains how the United States has entered a state of hyper-gentrification in which the average person has to compete with a large corporation when it comes to buying or renting a home. There are currently 28 vacant homes for every homeless person. Clearing the FOG speaks with Chuck Collins, a co-author of the report, and Mehrdad Azemun of Peoples Action, about the housing crisis, the vision for a homes guarantee and how people are working to make housing a human right.

As Corporate Landlords Spread, A Mold Epidemic Takes Root

Gabriel Caban has had three constant companions in the nine short months he’s been alive. There’s Beatriz Caban, his 27-year-old mom. There’s the black-and-white blanket he refuses to sleep without. And there’s the mold that grows in the floorboards and walls of his apartment — the mold that has sent him three times to the emergency room, the mold he’s been breathing in his entire life. On Nov. 17, 2023, an eight-months-pregnant Beatriz Caban moved into Sunset Ridge Apartments, a 312-unit low-income complex nestled in the northeast corner of New Haven, Conn. She found mold for the first time that day, along with a bucket in the laundry room next door, filled to the brim with water dripping from the ceiling.

The United Nations Summit Of The Future Appears Stuck In The Past

The United Nations is hosting world leaders on September 22 and 23 for a “Summit of the Future.” Unfortunately, the draft action plan for the summit, while full of lofty language and some good intentions, does not challenge the neoliberal model or corporate control of the global economy. On the contrary, it proposes, for example, to “facilitate access of developing countries to the WTO and promote trade and investment liberalization.” It’s astounding that this plan, which is supposed to serve as the basis for an inter-governmental agreement, is so stuck in the past. For decades now, social movements and elected officials in many countries have become increasingly opposed to trade and investment rules that grant enormous privileges and power to transnational corporations.

Big Oil And Gas Infiltrate Higher Education To Slow Climate Action

A former Exxon executive sits on a university’s board of trustees. Fossil fuel representatives develop undergraduate courses. Schools lease out their land for fracking. Industry-funded studies end up influencing federal energy policy. These aren’t just isolated examples of oil and gas companies partnering with academic institutions, according to a new study published in the journal WIREs Climate Change by researchers with six universities, but an international effort by the industry spanning decades with the goal of obstructing and slowing down climate action. The authors came to that conclusion by conducting a first-ever review of dozens of existing academic and civil society investigations into fossil fuel infiltration of higher education, looking primarily at institutions in the U.S., UK, Canada, and Australia.
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