#inequity
Fascism is corporatism; public resources are used by private enterprise to advance some objective of that private enterprise. Neoliberalism and Conservatism are both fascist or corporatist economic systems. Neoliberalism is when the government proactively gives power to private enterprise and conservatism is when the government intentionally fails to regulate private enterprise
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Based on data compiled by Global Justice Now and released Saturday, “just 8 top Pfizer and Moderna shareholders” added a combined $10.31 billion to their fortunes last week after stock prices soared in response to the emergence of Omicron.
According to a statement by the group:
Moderna’s shares skyrocketed after the announcement and settled at $310.61/share on Wednesday 1 December, up 13.61% from $273.39/share since Wednesday 24 November, the day before the announcement. Pfizer’s shares rose by 7.41% from $50.91/share to $54.68/share.
Moderna’s CEO, Stephane Bancel, personally became more than $824m richer in the week after the announcement, with the value of his shares rising from $6,052,522,978 to $6,876,528,630. He sold off 10,000 shares for $319 each on 26 November, the day after the variant was announced, cashing out $3.19 million.
At close of business on Tuesday, Bancel’s shares had grown by $1.7 billion since the announcement, before falling after the company lost a legal dispute over patents.
Bancel has refused to share the recipe for Moderna’s vaccine with the World Health Organisation to help scale-up manufacturing of mRNA vaccines through its new hub in South Africa. WHO scientists are now trying to reverse-engineer the vaccine. His company is also waging a legal battle to erase the role of massive public funding and public scientists in developing the jab.
CC: Folks [ostensibly] want to have justice in society, but without deconstructing ideological & structural whiteness. Not possible.
Yes, it’s highly inconvenient that all our major institutions are organized around white supremacy & it’s therefore impossible to address “domestic terrorism” & “extremism” without addressing mainstream white supremacy…but so it is. So now what? (via Bree Newsome)
“‘Shut up already,’ can at times be the right response, be it directed at others or oneself. At the same time, my experience as a teacher (and a parent) has taught me that little lasting good usually comes from bearing down on it, especially without adequate explanation or care. Psychologically speaking…we tend to hate those who demand that we inhibit ourselves; this is especially true if we have not been properly educated about our historically unequal relations to speech. It is maddening and unjust, but nobody is born understanding these historically unequal relations, or their inheritances in regard to them. We have to learn them, and we have to teach them. That teaching requires forbearance; its burden should not fall on those who have been made to suffer most from the inequity.”
-Maggie Nelson, from On Freedom: Four Songs of Care and Constraint
Take a look at this map of Child Opportunity in Harlem, NY.
