Newsweek Warns of "New Economy" (Same Old Profiteering)
Newsweek, in what might be hailed as a groundbreaking exposé, warns us about a "new type of economy" that spells trouble for Americans. This would be genuinely insightful if we hadn't been watching the systemic fleecing of the working class for decades. The article's ominous tone suggests a novel phenomenon, rather than the predictable outcome of unchecked corporate power, financial deregulation,
and a political class often more loyal to donors than constituents. Perhaps they mean 'new' for those just now noticing the 1% owning more wealth than the bottom 90%, a trend faithfully reported by organizations like the Economic Policy Institute for years. This 'new trouble' looks suspiciously like historic wealth extraction rebranded. While Newsweek focuses on a vague future threat, the receipts
show present-day policy choices. For example, in 2023 alone, major corporations spent over $3.4 billion on lobbying (OpenSecrets.org), pushing for policies that consistently favor profits over people. No 'new type of economy' needed—just good old-fashioned capture. One might wonder if the real 'trouble' is that some media outlets are only now finding their voice, long after the alarm bells have
been ringing from non-corporate sources.