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Economic Democracy Weekly

This week’s Economic Democracy newsletter offers a series of articles that critique common economic practices that impede justice. We begin with an analysis of how myths of a “free market” foster racial and economic inequality. Next, an article on how the IRS disproportionately audits Black taxpayers. We then look at a story on how private equity ownership has harmed healthcare. We conclude with a classic article by Clara Miller about the gap between foundations’ grant activity and their investment policies.


Of Myths and Markets: Moving Beyond the Capitalist God That Failed Us


“In domain after domain, overreliance on markets and under-reliance on government have cost the American people dearly.” Read more...
 
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Looking for Tax Money in All the Wrong Places: Structural Racism at the IRS


Who gets audited by the Internal Revenue Service? A recent study indicates that Black Americans are three to four times more likely to get audited than White Americans. Read more...
 
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How Private Equity Is Swallowing Up Health Care—And What to Do About It

In the healthcare sector, private equity has moved from bit player to a trillion-dollar behemoth that is extracting resources and harming care. This must change. Read more...

 
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Trouble in Paradigm: Foundations’ Bargain with the Devil


“The whole Ford/JPMorgan/foundation exercise began to seem like a Kabuki drama. Addressing [foreclosures] at the margins, without mobilizing [their] full power.”  Read more...
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