Truthout
Economy

DOJ Won Antitrust Victory by Arguing Publishing Merger Would Harm Top Authors
The DOJ used an unusual legal strategy to stop the merger of two major publishing houses — with help from Stephen King.

Ticketmaster Has Driven Swifties Into the Anti-Monopoly Movement
Taylor Swift fans are calling to break up the company’s live events monopoly.

Capitalism Has Ended the Issue of Scarcity But Worsened the Crisis of Inequality
Capitalism will never deliver material well-being for all. We need a new system.

Senate Antitrust Leader, AOC Slam Ticketmaster Amid Taylor Swift Concert Snafu
Ticketmaster has exhibited a “pattern of non-compliance” with antitrust obligations, the senator wrote.

FTX Crypto Crash Threatens Life Savings of Working People
The dramatic collapse of the cryptocurrency exchange FTX was enabled by politicians’ hands-off approach on regulation.

Tenants Demand Emergency Measures From White House as Rents Skyrocket
White House officials met with tenants on Monday but did not commit to declaring a housing emergency.

Biden May Extend Student Loan Payment Pause Again Amid Court Battles
Debt advocates say that extending the pause again is the bare minimum that Biden can do to help student loan debtors.

The Working Class Lost the $2 Billion Powerball Lottery
The lottery is effectively a regressive tax that often replaces state funding for education with ticket revenue.

Report: Big Shipping Companies’ Profits Increased 30,000 Percent Amid Inflation
House Oversight lawmakers blame inflation partially on “excess corporate price hikes” during the pandemic.

Companies’ Price Hikes Fuel Inflation. Why Isn’t the Fed Talking About It?
Progressive economists have estimated that corporate profits are to blame for 40 to 50 percent of price increases.