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Tag Archives: capitalism
Naomi Klein Calls for System Change to Address Climate and Inequality
Naomi Klein Calls for System Change to Address Climate and Inequality A radically new economic and social system is urgently needed to tackle climate change and address intersecting social justice issues, the internationally bestselling author Naomi Klein told activists meeting in London today. “It’s not too late to get off the road, to grab the wheel of […]
The Social Costs Of Capitalism Are Destroying Earth’s Ability To Support Life
The Social Costs Of Capitalism Are Destroying Earth’s Ability To Support Life I admire David Ray Griffin for his wide-ranging intelligence, his research skills, and for his courage. Dr. Griffin is not afraid to take on the controversial topics. He gave us ten books on 9/11, and anyone who has read half of one of […]
China and the Dragon Tail of Marx
China and the Dragon Tail of Marx The dragon tail of Marx’s end-game of overcapacity and finance capital is about to shred China’s fantasy that the state can micro-manage both capitalism and financialization with no contradictions or consequences. Longtime readers know my one expertise is annoying the entire ideological spectrum in 1,000 words or less. Today […]
The Rise of the Oligarchs
The Rise of the Oligarchs Empire examines the rise and role of the new oligarchs and the decline of democracy in the United States and beyond. Wealth inequality has risen to stratospheric heights. The statistics, the real statistics, sound like fragments spun off from a madman’s dream. Eighty-five people have as much money as three […]
Taxes and corruption
Taxes and corruption It seems that the rumbling story about HSBC’s Swiss branch has achieved what political pollsters know as “cut through” – meaning that it’s of interest to voters as well as to those reporters who are sentenced to watch Prime Minister’s Questions each week. The story reminded me of a passage in Wolfgang […]
The High Cost of Capitalism
The High Cost of Capitalism In my book, The Failure of Laissez Faire Capitalism, I explain the concept of external or social costs. These are the costs associated with production that are not incurred by the producer but are inflicted on outside third parties, most often the environment, such as land, air, and water resources […]
Asset Ownership and Our System of Deepening Debt-Serfdom
Asset Ownership and Our System of Deepening Debt-Serfdom Debt-serfs who make the difficult and risky transition to small-scale business owners find they have simply moved to another class of serfdom. The core dynamic of debt-serfdom is that debt-serfs must borrow money to buy essentials while the wealthy borrow to invest in productive assets. This is not merely […]
The Journey of Setting up a Reuse and Repair Centre – a solution for a circular economy
The Journey of Setting up a Reuse and Repair Centre – a solution for a circular economy The 1951 film, ‘The Man in the White Suit’, is a classic comedy from Ealing Studios with a sinister edge. It tells the story of an inventor of a thread that never wears off. When his bosses at […]
So How Do We Ever Reach Political Reform?
So How Do We Ever Reach Political Reform? QUESTION: okay Martin, So assuming Capitalism (property rights) and (direct) Democracy is the Promised Land, how the Hell do we get there? How do we break the Oligarchy? Cheers, em ANSWER: No matter what system we do create, it will be gamed eventually. If you look at Athens, […]
“The Day When Change Will Come” – It’s Time To Break the Vicious Circle of Capitalism
“The Day When Change Will Come” – It’s Time To Break the Vicious Circle of Capitalism A man of the Co Tu nation prepares to fish in a river that likely supported humans long before historical records began. But this might be one of the last times. Small-scale, high-pollution gold mining is spreading across the […]
The battle with bullshit
The battle with bullshit No Future For You, edited by John Summers, Chris Lehmann and Thomas Frank. MIT Press, 2014. One of my pleasures over the holiday period has been readingThe Baffler‘s third book-length collection of articles, No Future For You. (I read the first one, Commodify Your Dissent in the early 2000s, but missed the second one.) For […]
Naomi Klein’s ‘This Changes Everything’: a review | Transition Network
Naomi Klein’s ‘This Changes Everything’: a review | Transition Network. Reading a Naomi Klein book is always a deeply absorbing experience. In a sense, the sheer size of them means you have no choice other than to be absorbed (This Changes Everything runs to almost 600 pages). Her two previous masterworks, No Logo and The Shock Doctrine were mind-altering and […]
oftwominds-Charles Hugh Smith: It’s Not Just Japan That’s Failed; The “Asian Miracle” Model Has Also Failed
oftwominds-Charles Hugh Smith: It’s Not Just Japan That’s Failed; The “Asian Miracle” Model Has Also Failed. The inevitable result of the centrally planned Asian Miracle Model is credit bubbles and the crippling misallocation of capital in Building Bridges to Nowhere. Japan’s extraordinary rise from the ashes of World War II created an “Asian Miracle” template […]
Capitalism in Crisis Amid Slow Growth and Growing Inequality – SPIEGEL ONLINE
Capitalism in Crisis Amid Slow Growth and Growing Inequality – SPIEGEL ONLINE. A new buzzword is circulating in the world’s convention centers and auditoriums. It can be heard at the World Economic Forum in Davos, Switzerland, and at the annual meeting of the International Monetary Fund. Bankers sprinkle it into the presentations; politicians use it […]
The IMF and Austrian Theory – Ludwig von Mises Institute Canada
The IMF and Austrian Theory – Ludwig von Mises Institute Canada. Back in the early 1960s, financial journalist Henry Hazlitt warned against efforts to create an international system to help facilitate the smooth transfer of currencies. Representatives from the world’s leading governments were attempting to increase liquidity in global markets. They wanted to make sure the […]
