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 the nail-biting new season of Netflix’s hit series Squid Game, players’ desperate circumstances push them to make fatally risky bets on individual success even when collective action might save them. f the debut season of the Korean Netflix series Squid Game laid bare the ails of modern capitalism, its highly anticipated second season reflects the challenges to organizing
Democracy
Despite the headline statistics trumpeted by the Democrats, or the barely manifested results of President Joe Biden’s industrial policies, the ongoing reality of inflation and the unequal conditions in daily life could not be masked. As recently reported, the top 20% account for 40% of all consumption, which drives the American economy, while the bottom 40%
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
Capitalism
Of all the enemies of democracy and freedom, Friedrich August von Hayek was probably the smartest. At least, he was the most influential: the structures of today’s global economy — the European Economic and Monetary Union, central banks, “balanced budget amendments” to national constitutions, and “free” trade agreements guaranteeing capital’s future profits — are essentially
Dreams of the Rich
Texas start-up Intuitive Machines has achieved the first moon landing by a private firm. It’s dumping rich people’s detritus on the lunar surface — a grim sign of how the superrich plan to plant their flag beyond our own planet. After many failed attempts by various private outfits, Intuitive Machines is the first private company