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
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 MACPHERSONUpdated 11:32 AM EST, 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