Capitalism
Why does capital love fossil fuels? It’s not hard to explain. They exist in a small number of discrete locations, where the right to exploit them can be owned and monopolised. Most can be extracted commercially only at scale, excluding small competitors. They can be stored and traded all over the world, allowing prices to
Capitalism
We need to uncouple the concept of technology from the ideas of progress and development. It often happens that, when I talk about the relationship between technology and capitalism, someone pops up to present me with an argument I call the iPhone fallacy. “Without capitalism, we wouldn’t have the technology you use to write from
Capitalism
The capitalist financial system blocks democratic control over investment by its very nature. We need a new model of democratic finance that can address our urgent social and environmental needs. Capitalist property relations, whose basic feature is the private control of the investment function in the hands of the few, generate systemic barriers to human
Capitalism
In a global society defined by consumption rather than production, voters loathe price increases and are ready to punish rulers who preside over them. Perhaps America elected a dictator because Frosted Flakes hit $7.99 at the grocery store. How do we move to a different model? A world defined by consumption is not sustainable. And
Capitalism
Wealtherty is the state or condition of prosperity in abundance of possessions or riches, plus concomitant political power and influence, and resultant risks to the democratic process. This articulation assumes that the social (of social policy) is made up of richer and poorer people. It assumes that there is such a thing as morally and
Corporate Greed
The revolution has already occurred—and while capitalism lost, communal ownership certainly did not win. Capitalism died when the physical means of production—machines, factories, and services—were superseded by virtual platforms that, in feudal style, seek “rent” rather than surplus profit derived from labor. Technofeudalism, a system dominated by enormous companies existing largely online that transform users