The 21st Century Sure Has Been a Great Time to Be a Corporation

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This is apropos of nothing in particular. I was just noodling around on something else and happened to run across this data, so here it is. The economic recovery of the Bush years might have been pretty anemic for most of us, but it was sure a great time for the corporate world: Between 2001 and 2006, pretax profits went up 3x and after-tax profits went up even more. These profits dipped during the Great Recession, of course, but they’ve fully recovered since then. All in all, since the start of the 21st century the income of ordinary folks has declined about 5 percent, but after-tax profits in the nonfinancial sector have gone up nearly 4x. Nice work, business titans!

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FOLLOW THE MONEY

Corporations and billionaires don’t fund journalism like ours that exists to shake things up. Instead, support from readers allows Mother Jones to call it like it is without fear, favor, or false equivalence.

And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

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