Capitalism

Stagnant Wages, New York Times, and Unions

Stagnant Wages, New York Times, and Unions

February 11, 2018

NYTimes reports that one-time bonuses are the preferred pay strategy vs pay raises.Mysteriously the Times leaves out the role of unions and the long-term fall in unionization rates in the private sector in the US.


Economy

Recently Noted – the future of bitcoin and blockchain technologies – UPDATED

Recently Noted – the future of bitcoin and blockchain technologies – UPDATED

January 17, 2018

UPDATE: IBM does blockchain….Cryptocurrencies and blockchain technologies are subject to the same control by the rich and corporations as our existing financial and business sectors. These technologies are embedded in the socio-economic structures of capitalism. Concentrations of power dominate the existing capitalist world and they will dominate these new “disruptive” technology entrants.


Capitalism

Just Another Cost of Doing Business? – Pfizer’s $2.3 billion penalty and fine

Just Another Cost of Doing Business? – Pfizer’s $2.3 billion penalty and fine

September 4, 2009

The Obama administration is touting the action taken this week against Pfizer for illegal promotion of several of its drugs. The $2.3 billion sounds like a lot of money to me, and I suspect most people. Is it really a lot of money or just an annoyance to a large company, just another cost of doing business?