Tag: capitalism

Co-ops in Spain’s Basque Region Soften Capitalism’s Rough Edges

By Peter S. Goodman

Read the full article from The New York Times here.

“The pandemic has highlighted and exacerbated the pitfalls faced by companies built to maximize shareholder returns. The shutdown of much of the world’s economy has sent joblessness soaring, threatening the ability of workers to feed their families and stay current on rent and mortgage payments — especially in the United States. Government rescue packages have emphasized the protection of assets like stocks and bonds, bolstering investors while leaving workers vulnerable.”

Blackstone CEO Celebrates “Huge Increases in Rents” as Millions Face Eviction

By David Sirota and Andrew Perez

Read the full article from Jacobin here.

“During the Goldman Sachs conference, Schwarzman seemed to insinuate that his firm may buy up even more residential real estate to try to squeeze even more revenue out of renters in the pandemic-ravaged economy.”