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Dollar Stores Are Targeting Struggling Urban Neighborhoods and Small Towns. One Community Is Showing How to Fight Back.
Although dollar stores sometimes fill a need in places that lack basic retail services, there’s growing evidence that these stores are not merely a byproduct of economic distress. They’re a cause of it. In small towns and urban neighborhoods alike, dollar stores are leading full-service grocery stores to close. And their strategy of saturating communities with multiple outlets is making it impossible for new grocers and other local businesses to take root and grow.

The absence of grocery stores in Tulsa is a direct result of a history of racial discrimination by banks that have been less likely to lend to African American entrepreneurs and by supermarket chains that have tended to bypass black neighborhoods.
poverty  wealthinequality  capitalism  economy  foodInsecurity 
21 hours ago by campylobacter
Browder, Magnitsky and the Whole Damn Thing
This was the blueprint for the ‘shock therapy’ across the Soviet bloc in the 1990s: sell off the crown jewels, all the jewels, to whomever at discount prices.
magnitsky  capitalism  russia 
yesterday by foliovision
Struggling Rural Hospitals Say They’re Being Preyed Upon by Blue Cross Blue Shield
Iraan General isn’t the only small-town hospital to feel Blue Cross Blue Shield’s screw-turning, said John Henderson, CEO of the Texas Organization of Community and Rural Hospitals. At several rural facilities across the state, the insurance giant is proposing lowball reimbursement rates and sending letters to customers to turn up the heat on unwilling hospital administrators, he said. “It puts those hospital leaders in a terrible predicament because it’s a public relations nightmare...
bcbs  healthinsurance  rural  health  hospitals  capitalism  texas 
2 days ago by adegru
Four Days Trapped at Sea With Crypto’s Nouveau Riche
Draw me your map of utopia and I’ll tell you your tragic flaw. In 10 years of political reporting I’ve met a lot of intense, oddly dressed people with very specific ideas about what the perfect world would look like, some of them in elected office—but none quite so strange as the ideological soup of starry-eyed techno-utopians and sketchy-ass crypto-grifters on the 2018 CoinsBank Blockchain Cruise.

It happened like this.
2018  article  journalism  cryptocurrency  empathy-fail  capitalism 
2 days ago by bignose
Out of Sight: The Long and Disturbing Story of Corporations Outsourcing Catastrophe: Erik Loomis: 9781620970089: Books
When jobs can move anywhere in the world, bosses have no incentive to protect either their workers or the environment. Work moves seamlessly across national boundaries, yet the laws that protect us from rapacious behavior remain tied to national governments. This situation creates an all-too-familiar “race to the bottom,” where profit is generated on the backs of workers and at the cost of toxic pollution.

In Out of Sight, Erik Loomis—a historian of both the labor and environmental movements—follows the thread that runs from the Triangle Shirtwaist Factory Fire in New York in 1911 to the collapse of the Rana Plaza factory building outside of Dhaka, Bangladesh, in 2013. The truth is that our systems of industrial production today are just as dirty and abusive as they were during the depths of the industrial revolution and the Gilded Age, but the ugly side of manufacturing is now hidden in faraway places where workers are most vulnerable.

Today, American capitalists threaten that any environmental regulations will drive up the cost of production and force them to relocate our jobs to a country where they don’t face such laws and can re-create their toxic work conditions. It wasn’t always like this. In his insightful book, Loomis shows that the great environmental victories of twentieth-century America—the Clean Water Act, the Clean Air Act, the EPA—were actually union victories. This history is a call to action: when we fight for our planet, we fight for our own dignity as workers and citizens.
books  globalism  neoliberalism  logistics  capitalism 
2 days ago by kmt

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