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
Dreams of the Rich
From Honduras to California, the dreams of the rich are reshaping urban spaces into exclusive private domains. The future of our cities must not be ceded to elites striving to construct walled utopias. In California, a group of tech and finance people are working on a secretive project to build a city in Solano County, near San
Capitalism
BY PAN PYLAS AND MASHA MACPHERSON. Updated January 15, 2024 DAVOS, Switzerland (AP) — The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos. Oxfam, which for years has been
Capitalism
The ratio of CEO pay to worker pay is almost 300 to 1. Are we really supposed to believe CEOs work 300 times harder or create 300 times more value than us? As an abstract value at least, equality is generally seen as a good thing in most liberal democratic societies. Outside certain fringes of
Capitalism
The next time you’re struggling to pay your rent or afford child care, think about this: the uberrich in the US are now paying top dollar to cut in line to get health care and hiring rotating casts of nannies so one is always at their beck and call. The 99 percent are suffering. With