Below you'll find a list of all posts that have been tagged as “Capitalism”
Capitalism, like a speeding train, barreled into a stone wall in 2008. Shocked and dazed, its leaders have been trying to “recover.” By that, they mean to fix the mangled tracks, reposition the locomotive and cars on those tracks and resume forward motion. No basic economic change, in their view, is needed or even considered. They see no absurdity in …
This week, Tuesday (Dec. 15) to be exact, I was a guest on Gary Null’s WBAI/Pacifica radio show, preceded by Chris Hedges, a solid analyst and critic of the contemporary social order, to discuss the failure of American radicalism to act as as a transformative political-ideological social force in opposition to repression at home, intervention abroad. As usual, Gary’s questions …
he literature on imperialism suffers from a fundamental confusion about the relationship between capitalism and imperialism. The aim of this paper is to remove this confusion. The paper is organised in three parts. In Part I we state our own position of the capitalism-imperialism relation. In part II we discuss some major points at issue in the Marxist debate on …
Updates on denying bailout for Puerto Rico and gross wealth inequality in US and Wisconsin. Response to listeners on guns and the capitalist profit motive. Interview with Prof. Cathy Mulder on transcending capitalism via worker cooperatives.
Updates on capitalism vs higher education, real costs of apps, how other half banks. In depth analyses of projected economic downturn in 2016, capitalist inequality and housing changes, and how capitalism affects sports.
Americans live in an age, to rephrase, W.E.B. Dubois, in which violence has become the problem of the twenty-first century. As brutalism comes to shape every public encounter, democratic values and the ethical imagination wither under the weight of neoliberal capitalism and post-racial racism. Giving way to the poisonous logics of self-interest, privatization, and the unfettered drive for wealth, American …
Pope Francis in New York
The reigning politics and media culture of the United States is not without moments of high comic relief. Three weeks ago, for example, CNN’s Chris Cuomo presented the buffoonish Republican presidential candidate Donald Trump with a bizarre hypothetical situation. What would Trump do, Cuomo asked, if he met the Pope and the pontiff expressed his opinion that capitalism can be …
Despite the fact that the manufacturers of ideas have elevated economics to the (contradictory) levels of both a science and a religion, a market theodicy, mainstream economics does not explain much when it comes to an understanding of real world developments. Indeed, as a neatly stylized discipline, economics has evolved into a corrupt, obfuscating and useless—nay, harmful—field of study. Harmful, …
One of the most firmly entrenched myths of the American Ideology is that the U.S. is a “middle class society,” a “land of opportunity” where anyone who works hard has the opportunity to achieve the standard of living which has made America “the envy of the world.” A common, and spot on, rejoinder has been to remind us that America …
