Post-Capitalism
ONE QUESTION:
Where did the billionaires get their money?
We are appalled that a quarter of the way into the 21st century:
• 650k homeless in America.
• 31% of the population earns less than $50k yearly.
• 47% of the population earns less than $75k yearly.
• The federal minimum wage hasn't gone up in 17 years.
• Only 34 states have mandated higher minimum wages.
• Medical debt relates to 66.5% of bankruptcies per year.
• Medicare for all would cost less than the current system.
• The US has the highest incarceration rate in the world.
• Every state's incarceration rate is higher than most nations.
• In the last decade, states paid out $3.2 billion for police misconduct.
• Almost 1.9m (1 in 3) bridges in the US need replacement or repair.
• The legal immigration “process” taking 5-10 years is self-defeating.
• In 2023 we paid $660 *billion* in INTEREST on the national debt.
• In geopolitics, land-grabs are (unfortunately) back in style.
• The USA ranks #22 in Quality of Life.
• The USA ranks #20 on the (HDI) Human Development Index.
These things are byproducts of runaway capitalism.
What are the end products of runaway capitalism?
• Nestle (and water rights).
• John Deer (against farmers concerning right-to-repair).
• DoorDash (consistently refuses to refund unfulfilled orders).
• Union Carbide, Norfolk Southern, 3M, Dow have poisoned a towns.
• Purdue Pharma got people addicted to Oxy for profit.
• Blackstone Group owns 16,000 single-family homes ($2.5 billion).
• BMW charged $18/mo for heated car seats.
• We don't own the music/books we buy; we are renting them.
• 1000-word, one-sided "terms and conditions."
• 10 percent of the richest people in the US own 70% of the total wealth.
Where's the Money?
We're going to take the high road and not dox people. We're going to change the game, not hate the players. The 1% shouldn't own the majority of wealth.
• Forbes Richest 400 Americans
• Forbes World Billionaire List
• Fortune 500 - Largest US Companies
• Forbes Global 2000
Did we mention the trend of large corporations whose business it is to own and rent property, skewing prices?
https://www.propublica.org/article/when-private-equity-becomes-your-landlord
Neither the justice system nor the legal system have stopped shady business practices:
• Apple to pay $95m settlement to US consumers.
• Uber and Lyft to pay $328 Million to drivers in NY.
• GE to pay $362.5 million shareholder settlement.
• Liberty Mutual to pay $7M to MN policyholders.
• Uber to pay $100M to drivers in MA.
• FTC suing Amazon for maintaining monopoly.
• EEOC suing Osmose Utilities for disability discrimination, retaliation.
• Hawaiian Electric to pay $4b to homeowners.
• Uber to pay $84 million settlement to drivers.
• DoorDash to repay $11.25M tips to IL drivers.
• UnitedHealth units ordered to collectively pay $165 million for misleading MA consumers .
These are just some of the bigger headlines.
The list could go on (and on).
These companies still do business as usual.
Let's do something about that.
We are a nation of laws. We have elections every 2-4 years. We can elect representatives who will make consumer protection a priority.
It's more than "insurance."
It's consumer protection.
Both consumers and workers have their wealth and quality of life siphoned down to almost nothing,
by people who already have more wealth than they and their families could even spend.
Let's do something about that.
"Capitalism is not broken. It is working all too well, concentrating money in the hands of the few
by exploiting the work of the many."
-- Maria Svart, The Guardian