Showing posts with label greed. Show all posts
Showing posts with label greed. Show all posts

Wednesday, July 2, 2025

ESSAY: Billionaire do-gooding is out. Naked oligarchy is in; The Ink, July 2, 2025

ANAND GIRIDHARADAS, The Ink; ESSAY: Billionaire do-gooding is out. Naked oligarchy is in

 "No one was ever going to announce that the era of performative elite do-gooding had ceded to the era of naked oligarchy. But this week three events made that eclipse clear.

The first was the multi-billionaire Jeff Bezos’s wedding, in Venice, to Lauren Sánchez, who would surely float if she fell into a canal. As celebrities poured into a city already strained by tourism, and the happy couple was photographed frolicking in a literal foam party aboard a yacht, there was an almost refreshing, well, nakedness to the avarice, to the carelessness, to the not-giving of civic fucks. There was a reminder of the omnipotence and the utter loneliness at the commanding heights: you can get anyone you want to your wedding, and the people you want are the people you’d invite if you told your assistant to run to the dentist’s office, pick up People magazine, write down names in it, and invite them. These are people who have everything, and who don’t have the thing everybody else does.

The second was the inevitable announcement by multi-billionaire Mark Zuckerberg’s charitable foundation, run with his wife, Priscilla Chan, that it is no longer focused on ending all the diseases, as it once promised. Rather, in the Trump era, it is focused on things that would not be any trouble to Trump. “Can we cure all diseases in our children’s lifetime?” read a screen behind the couple at a rehearsal in 2016. The answer turns out to be: No. The Washington Post, owned by the oligarch in the above item, nonetheless rightly warned, in the Zuckerberg-Chan case, of “the risks for communities reliant on wealthy private donors.”

The third event was the passage today of Donald Trump’s and the Republicans’ budget, a document of searing meanness that former Labor Secretary Robert Reich calls the “Worst Bill in History” — a “giant budget-busting, Medicaid-shattering, shafting-the-poor-and-working-class, making-the-rich-even richer bill.” Like the Bezos wedding and the Zuckerberg-Chan pivot, the bill had one refreshing quality, though. It made zero effort to mask its ugliness. It said the cruel part out loud.

There is a nakedness to our oligarchy now, and it is pruny as hell. But at least there is this: As far as I can tell, the era of highly performative elite do-gooding is passing."

Sunday, April 27, 2025

Tyrants like Trump always fall – and we can already predict how he will be dethroned; The Guardian, April 27, 2025

 , The Guardian; Tyrants like Trump always fall – and we can already predict how he will be dethroned

"Tyrants come to a sticky end, or so history suggests. Richard III and Coriolanus made bloody exits. More recently, Saddam Hussein went to the gallows, Slobodan Milosevic went to jail, Bashar al-Assad went into exile. Libya’s Muammar Gaddafi was run to ground in a sewer. Tyranny, from the Greek túrannos (“absolute ruler”), is typically fuelled by hubris and leads ineluctably to nemesis. Tyrants are for toppling. Their downfall is a saving grace...

This fight has moral and ethical aspects, too – and, given this is the US, prayer is a powerful weapon in the hands of those who would slay evil-doers. Of the seven deadly sins – vainglory or pride, greed or covetousness, lust, envy, gluttony, wrath, sloth – Trump is comprehensively, mortally guilty. In Isaiah (13,11), the Lord gives fair warning: “I will put an end to the pride of the arrogant and humiliate the insolence of tyrants.” God knows, maybe he’ll listen. Miracles do happen.

Of all the tools in the tyrant-toppling toolbox, none are so potentially decisive as those supplied by Trump’s own stupidity. Most people understand how worthless a surrender monkey “peace deal” is that rewards Putin and betrays Ukraine. Does Trump seriously believe his support for mass murder in Gaza, threats to attack Iran and reckless bombing of Yemenwill end the Middle East conflict and win him a Nobel peace prize?

By almost every measure, Trump’s chaotic global tariff war is hurting American consumers, damaging businesses and reducing US influence. It’s a boon to China and an attack on longtime allies and trading partners such as Britain. Trump’s big tech boosters know this to be so, as do many Republicans. But they dare not speak truth to power.

And then there’s his greed – the blatant, shameless money-grubbing that has already brought accusations of insider trading, oligarchic kleptocracy, and myriad conflicts of interest unpoliced by the 17 government oversight watchdogs Trump capriciously fired. His relatives and businesses are again pursuing foreign sweetheart deals. Corruption on this scale cannot pass unchallenged indefinitely. Avarice alone may be Trump’s undoing.

All this points to one conclusion: as a tyrant, let alone as president, Trump is actually pretty useless – and as his failures, frustrations and fantasies multiply, he will grow ever more dangerously unstable. Trump’s biggest enemy is Trump. Those who would save the US and themselves – at home and abroad – must employ all democratic means to contain, deter, defang and depose him. But right now, the best, brightest hope is that, drowning in hubris, Trump will destroy himself."

Wednesday, April 16, 2025

Biglaw Is Under Attack. Here’s What The Firms Are Doing About It.; Above The Law, April 4, 2025

Kathryn Rubino , Above The Law; Biglaw Is Under Attack. Here’s What The Firms Are Doing About It. Introducing the Biglaw Spine Index.

"The President of the United States is using the might and power of the office to attack Biglaw firms and the rule of law. It’s pretty chilling stuff that is clearly designed to break major law firms and have them bend a knee to Trump or extract a tremendous financial penalty. This is an assault not just on the firms in the crosshairs, but on the very rule of law that is the backbone of our nation, without which there’s little to check abuses of power

But in the face of financial harm, too many firms are willing to proactively seek out Trump’s seal of approval and provide pro bono payola, that is, free legal services on behalf of conservative clients or causes in order to avoid Trumpian retribution. So we here at Above the Law have decided to track what exact Biglaw firms are doing in response to the bombardment on Biglaw and the legal system. Some have struck a deal with Trump, some are fighting in court, some have signed an amicus brief in the Perkins Coie case, but the overwhelming majority have stayed silent. 

Introducing the Biglaw Spine Index. Every firm in the Am Law 200 (based on the 2024 ranking, which is the most readily available one as of this publication) is listed with what they’re doing — or not — in the face of Trump’s attack on Biglaw. We’ve included each firm’s gross revenue and profits per equity partner, which we think highlights the greed involved."

Friday, December 27, 2024

Why ‘A Christmas Carol’ Endures; The New York Times, December 24, 2024

Roger Rosenblatt , The New York Times; Why ‘A Christmas Carol’ Endures

"In some ways, the story’s enduring appeal is easy to account for. “A Christmas Carol” is, first and foremost, a ghost story — a genre that never seems to go out of fashion. But what’s less easy to account for, and more interesting, is how this 19th-century tale has continued to speak to modern readers, offering moral lessons that have only grown more relevant over the decades.

At its core, it is a story about the forces that exist within all of us: greed and generosity, hatred and love, repentance and forgiveness. It doesn’t hurt that it concerns one of literature’s most compelling characters: Ebenezer Scrooge."

Thursday, September 22, 2016

Members Of Congress Rip Into Mylan CEO; Huffington Post, 9/21/16

Lauren Weber, Huffington Post; Members Of Congress Rip Into Mylan CEO:
"“To have companies like yours take advantage of the situation, take advantage of these people who are really in need of this medication, I think it speaks to something that we are better than that,” Rep. Lacy Clay (D-Mo.) said. “How did we get to this point that we have a culture like this in corporate America that wants to stick it to consumers?”...
Cummings emphasized his disgust that pharmaceutical companies would continue to ratchet up drug prices for life-saving medication and said he hoped Bresch would apologize. She did not.
“After Mylan takes our punches, they’ll fly back to their mansions in their private jets and laugh all the way to the bank while our constituents suffer, file for bankruptcy, and watch their children get sicker and die,” Cummings said. “It’s time for Congress to act.”"

Tuesday, June 21, 2016

Addiction Treatment Industry Worried Lax Ethics Could Spell Its Doom; Huffington Post, 6/17/16

Ryan Grim, Huffington Post; Addiction Treatment Industry Worried Lax Ethics Could Spell Its Doom:
"The opioid epidemic, which just added Prince to its list of victims, has shoved the addiction industry into the spotlight, and many here at the National Association of Addiction Treatment Providers conference worried aloud how the industry’s lax ethical standards would look in the new glare.
Nor is greater attention to ethics the providers’ only threat. Drug treatment is now big business, and a wave of consolidation is sweeping the industry, as private equity firms and publicly traded companies look to cash in on the surging rates of addiction. Federal regulators, meanwhile, are pushing to reform the very nature of the services offered by treatment centers...
For the first time, the industry’s leading trade group has rolled out an ethics policy that comes with an enforcement mechanism.
“We were nudged to do it by the fact that we look around and see ethical violations all over the place,” NAATP Executive Director Marvin Ventrell told the gathering."

Wednesday, March 16, 2016

The latest news on 'To Kill a Mockingbird' shows how big corporations control copyright law; Los Angeles Times, 3/14/16

Michael Hiltzik, Los Angeles Times; The latest news on 'To Kill a Mockingbird' shows how big corporations control copyright law:
"According to a March 4 notice issued by Hachette to booksellers and reported by the New Republic, permission for the mass-market edition has been withdrawn by the novel's publisher, HarperCollins. (HarperCollins also brought out "Go Set a Watchman.") Hachette can sell off its remaining copies, which it's doing at a further discount, but henceforth "Mockingbird" will be available chiefly in a HarperCollins trade paperback edition, which lists for $14.99.
The burden will fall on school districts that traditionally laid in a large volume of mass-market books for their pupils. Hachette says that more than two-thirds of the 30 million copies sold worldwide since publication have been its low-priced edition. Hachette told bookstores, according to the New Republic: "The disappearance of the iconic mass-market edition is very disappointing to us, especially as we understand this could force a difficult situation for schools and teachers with tight budgets who cannot afford the larger, higher priced paperback edition that will remain in the market."
The real problem this development points to is with copyright law, which has been getting consistently rewritten in the United States and other countries to extend the length of authors' rights to the point where their heirs, and heirs of heirs, are the chief beneficiaries of the copyright. But that's only superficially. The real beneficiaries are corporations, which continue to profit from successful works of art for decades after their creators have passed on. Corporations such as HarperCollins...
Yet as we can see from the extinction of the mass-market paperback of "Mockingbird," such extensions stifle the dissemination of creative works rather than encourage it. The squabble over the copyright to Anne Frank's diaries, which we reported on here, also illustrates how the grip of copyright law leaves the control of creative works in the hands of people who may not share the desires of the works' creators. Harper Lee has passed on, Anne Frank is long gone, and Walt Disney is represented in the marketplace by a corporation that is hopelessly far removed from his artistic and even his business creation."

Friday, January 15, 2016

Yosemite to Rename Several Iconic Places; Outside, 1/14/16

Christopher Solomon, Outside; Yosemite to Rename Several Iconic Places:
"The outgoing company also trademarked “Yosemite National Park” for merchandising purposes, said Gediman. Will you be able to buy a Yosemite T-shirt at the gift shop come March 1? “That’s something that remains to be determined,” he said.
The announcement is the latest drama in a long legal dispute between the park service and the concessionaire, DNC Parks & Resorts at Yosemite, Inc. And it comes as the agency kicks off the centennial celebration year of America’s national parks system—when the park service would rather be feting America’s parks, not painting over signs at one of its marquee locations.
The news angered some park watchers.
“It’s a really unfortunate situation where the National Park Service is being held hostage by a corporate concessionaire who clearly does not have the public interest at heart,” said Amy Trainer, executive director of the Environmental Action Committee of West Marin. “I think this is pretty outrageous that the park service, because of a 50-plus-million-dollar lawsuit, is forced to change these historic namesakes,” Trainer said. “It’s a tragedy.”...
The federal government might find some relief, however, in a law Congress passed in late 2014 that allows the government to keep a name that’s historically associated with a building or structure that is either on, or eligible, to be included on the National Register of Historic Places, says Sitzmann."