Capitalism

Economic Democracy Is the Only Practical Cure for Our…

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

Squid Game 2, an Allegory of Capitalism Versus Democracy

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

Illiberal Democracy is What We Will All Now Get

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

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

Friedrich August von Hayek Was an Enemy of Freedom

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