A surprise proposal to rein in insurer upcoding could save billions—and sent Wall Street into a panic.
Wall Street
Posted inPolitics
Trump Is Steamrolling Corporate America. Democrats Are Taking Notes
Historically, Democrats have curbed their attacks on powerful interests for fear that it would cause a backlash. The president’s actions suggest they could stand to be more muscular.
Posted inEconomy
How Franklin Roosevelt Tamed Wall Street
With a ripping narrative and characters like Joseph Kennedy and William O. Douglas, one of the best books of 2023 explained how the financial sector finally bent the knee.
Posted inSeptember/October 2023
Private Inequity
The Harvard economist John Coates argues that the growth of two types of investment companies—private equity firms and index funds—has concentrated power and imperiled democracy. But one of these things is not like the other.
Posted inThe Monopolized Economy
A New Vision for a Just Financial System
Out of the ashes of Silicon Valley Bank should come a stable banking system that truly serves the public.
Posted inBooks
Medicine at the Mercy of Wall Street
The pharmaceutical industry is the great white whale of American medicine. No matter how many harpoons activists, progressive politicians, journalists, and scholars hurl at its bloated body, it not only survives, it grows fatter by feasting on the patients and payers that are the krill of the U.S. health care system. The drug price controls […]
Posted inNovember/December 2021
Amtrak Joe vs. the Modern Robber Barons
Biden’s big bet on rail infrastructure will be wasted unless he takes on the financiers who control the industry.
Posted inPolitical Animal
Why We Should Care What the Business Elites Think
Financial elites have tremendous power, play an indispensable role in policing our system, and we depend on their support to defend our rights.
Posted inPolitical Animal
What if Big Business Falls In Completely With Trumpism?
Fearful business leaders who support nationalism in exchange for protection have aided fascism in the past.
Posted inFeatured, Politics
The Real Threat to the Fed’s Independence Is Wall Street, Not Trump
Trump’s attacks on the Federal Reserve are norm breaking, but the financial industry’s influence over the central bank is far more unsettling.
