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Tag Archives: capitalism
“Reform” won’t solve our biggest problems
“Reform” won’t solve our biggest problems “You never cure structural defects; you let the system collapse.” As I contemplated this proposition taken from a recent piece by Nassim Nicholas Taleb, I realized what profound implications accepting it would have for all those engaged in attempting to address our current social, political and environmental ills. If […]
The Collapse of the Left
The Collapse of the Left The Left is not just in disarray–it is in complete collapse because the working class has awakened to the Left’s betrayal and abandonment of the working class in favor of building personal wealth and power. The source of the angry angst rippling through the Democratic Party’s progressive camp is not […]
Capitalism and (De)Growth
Capitalism and (De)Growth By Christopher Laughton What is capitalism? A kind of state? An institution? Some values? A power structure? Ideology? A Culture? What governs capitalism? Supply and demand Invisible hand Enclosure of land The drive to expand Market mechanism Class schism Racism The moral virtue of productivism. Innovation! Invest! Impress! Progress! Entrepreneurial quest for Technological […]
A Scam Too Far
A Scam Too Far One of the more politically frustrating aspects of the last decade in the West is the unwillingness of the powers-that-be to address the radical dysfunction that underlies Western political economy. As fact, microcosm and metaphor, the ‘scandal’ of Wells Fargo bank creating millions of fake accounts, charging its customers for the […]
Beyond the Zombie Economy
Beyond the Zombie Economy The present day metaphor is the ‘Zombie’ economy depicting the economic system as an unthinking monster in relentless pursuit of a single objective. Part of the Anti-Austerity and Media Activism series with Goldsmiths. Flickr/S J Pinkney. Some rights reserved. Economic metaphors are important to illustrate the distinct features of specific economic systems that exist […]
Brexit and the Crisis of Capitalism
Brexit and the Crisis of Capitalism If you collapse these extractive, debt-dependent crony-capitalist cartels, you collapse the entire status quo. Thousands of commentaries have been issued about Brexit in the past week.I’ve written four myself. Most discuss Brexit as the result of immigration issues, class war, political theater, a reaction against the European Union’s bureaucratic […]
Monopoly’s New Era
Monopoly’s New Era NEW YORK – For 200 years, there have been two schools of thought about what determines the distribution of income – and how the economy functions. One, emanating from Adam Smith and nineteenth-century liberal economists, focuses on competitive markets. The other, cognizant of how Smith’s brand of liberalism leads to rapid concentration […]
Next Economy: The Coming ‘Age of Stagnation’
Next Economy: The Coming ‘Age of Stagnation’ Author Satyajit Das kicks off Tyee series on global capitalism’s crisis. Satyajit Das: Having worked in financial markets for three decades, Das sees a global economy ‘in peril.’ [Editor’s note: What kind of future will we inhabit? Many thinkers say we’re moving toward automated job scarcity, digital sharing […]
Western Mistakes, Remade in China
Western Mistakes, Remade in China SHANGHAI – The Chinese economy faces an enormously challenging transition. To achieve its goal of joining the world’s high-income countries, the government has rightly urged a “decisive role for the market.” But, while market competition works well in many sectors, banking is different. Indeed, over the last seven years, China’s […]
150 Strong: A Pathway to a Different Future – Serialisation
150 Strong: A Pathway to a Different Future – Serialisation Creative capitalism, ethical capitalism, altruistic capitalism, natural capitalism, green capitalism, distributed and democratic capitalism. Capitalism 2.0? Capitalism comes with a potpourri of sweet-scented prefixes, all of which presume that there is something wrong with capitalism per se. There are some other prefixes we commonly hear—crony capitalism […]
All is Not Well
All is Not Well The 1987 stock market crash raised concerns for the dangers associated with mounting U.S. “twin deficits.” Fiscal and trade deficits were reflective of poor economic management. Credit excesses – certainly including excessive government borrowings – were stimulating demand that was reflected in expanding U.S. trade and Current Account Deficits. Concerns dissipated […]
Why we need to beat Russia
Why we need to beat Russia 250,000 capitalists read the Financial Times, and it has been our undertaking to chronicle our understanding of capitalism via our book The Philosophy of Capitalism. A USA led team has answered the question ‘What is The Nature of the Monetary System?’ The Monetary system has three layers – the […]
Retro-modernism
Retro-modernism I wrote a lengthy piece about modernism in my last post. Then I drafted another lengthy piece about its critical implications for so-called ‘ecomodernism’, which became so lengthy that it turned into two posts. Then I read over them, and felt – bored. So it’s probably time to move on from ecomodernism. But there’s […]
Why We Consume: Neural Design and Sustainability
Why We Consume: Neural Design and Sustainability Exponential economic growth is rapidly destabilizing the biosphere. Among the many factors that stimulate such growth is the human tendency to consume goods and services far beyond what is required to meet basic needs. We have to grasp what drives this tendency in order to manage it. The […]
My letter to the WSJ re: Inflation is not indicative of an expanding economy
My letter to the WSJ re: Inflation is not indicative of an expanding economy Re: US Consumer Prices Flat in January, but Offer Glimmer of Inflation Dear Sirs: This quote from Ms. Davidson’s article perfectly illustrates the fallacy that higher prices are desirable: ”Broad-based price growth is signalling that the wage and price pressures are building, an […]
