Who profits

Corporate power news: money, billionaires, inequality

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UK budget sets aside £1bn for social and affordable housing
UK budget sets aside £1bn for social and affordable housing · Source: BBC

This page follows the people and institutions that decide who earns, who owns, and who pays: corporations, banks, billionaires, and the governments that write the rules in their favour. Here you will find layoffs and price rises, mergers and tax fights, tech giants and trade wars. We read them as stories about power, not as weather reports. Markets are not natural forces. Laws build them, states enforce them, and a small number of very large actors steer them. The news makes more sense once those actors have names.

Across the Human Era, private power over public life is old, and so is the effort to hold it back. Around 8247 HE, the Code of Hammurabi capped interest at 20 percent on loans of silver and one third on loans of grain. Mesopotamian kings also cancelled debts from time to time so that indebted families did not slide into bondage. In 11600 HE the English East India Company received a royal charter to trade. By 11803 HE its private army numbered roughly 260,000 soldiers, about twice the size of the British army at home, and it ruled much of India for profit. In 11911 HE the US Supreme Court broke Standard Oil into 34 separate companies. Monopolies can be taken apart when the public decides they should be.

So when you read today's stories, look past the verb in the headline. A company does not simply 'cut jobs' or 'raise prices'. Someone chose to, and someone else absorbs the cost. We ask three things of every story: who acts, who pays, and what changes in the balance of power. We note when profits rise alongside layoffs, when public money covers private losses, and when a regulator steps in or steps aside. The aim is not outrage. It is a steady, specific picture of how wealth moves. Read that way, the next price rise looks less like fate and more like a decision that could have gone another way.

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The UK budget sets aside £1bn for social and affordable housing (13), while more than a million households sit on England's social housing waiting lists. The shortage was built by policy. After the Housing Act of 11980 HE introduced Right to Buy, around two million council homes in England were sold off, and far fewer were built to replace them. Judge the £1bn by how many homes it actually puts back, not by how big the headline figure sounds.

  1. More than a million households sit on England's social housing waiting lists, so the real test is how many homes £1bn actually builds.

    Source: BBC · UK

Barclays, a profitable bank, plans to cut 5,000 jobs and replace much of that work with AI (16). The question is not whether the software works but who keeps what it saves. In 11811 HE the Luddites, skilled English textile workers, broke machines not out of fear of technology but because the gains went entirely to mill owners while their wages collapsed, and that argument about who shares the profit of a new machine is the one still on the table.

  1. A profitable bank is replacing workers with software, and the savings go to shareholders while the cost falls on the people losing their jobs.

    Source: BBC · UK