Capitalism

Whole Foods represents the failures of 'conscious capitalism'

There’s no way to ‘fix’ corporations’ compulsion to produce ever more, ever more cheaply. It’s written into the DNA of global capitalism<p>It’s hard to think of a better poster child for “conscious capitalism” than Whole Foods Market, the high-end grocery store that made a name for itself selling …

Whole Foods

Traditional capitalism needs "extra" people, but managerial capitalism has no use for them

The Nation's outstanding roundtable  What Will Kill Neoliberalism? has many admirable interventions (including a notable one from Paul …

Black Lives Matter

A supposedly anti-capitalist pope channels his inner entrepreneur

ROME – At the level of crass public imagery, Pope Francis is generally seen as a critic of capitalism and hostile to both big business and a …

Christianity

The New Socialism: Moving Beyond Concentrated State Power

With a significant worker co-op sector, the state's dependence on enterprises will no longer mean a dependence on a small minority: shareholders and …

Centrism takes on extremism

We live in an age where political discourse is defined by internet memes — iconography and symbols that compress complex ideas into short bursts …

Middle East

Biblical Capitalism in Uncertain Economic Times

September 29, 2008<p>The recent dramatic events surrounding our economy and its regulation raise huge questions for every American. (Indeed, citizens of …

Austrian Economics

Is Socially Responsible Capitalism Losing?

In December, 2015, a new startup called Juno entered the ride-hailing market in New York City with a simple proposition: it was going to treat its drivers better than its competitors, notably Uber, did theirs—and do “something that was socially responsible,” as one of Juno’s co-founders, Talmon …

Golden

You don't have to be a communist to admit capitalism is in crisis

It should surprise no regular reader of this column to learn that your humble scribe is a dedicated reader of <i>The Economist</i> magazine.<p>The most august …

Theresa May has got it right about business

Market Capitalism can only work within frameworks that secure the consent of citizens<p>Theresa May has broken faith with the market. Worse, she has …

Theresa May

Bill Gates Is Correct, But Why Is Steven Pinker Right? - Capitalism And Free Markets

Bill Gates has been sharing some life lessons and the one that appeals to me the most is his recommendation of Steven Pinker’s “The Better Angels of Our Nature.” The basic point is obviously true, the world is very less violent now than it used to be. Yes, there are even some who argue with that, …

Opinion

Why the Left Refuses to Talk About Venezuela

By: Ryan McMaken <br>During the 2016 presidential election, Bernie Sanders refused to answer questions about Venezuela during an interview with …

Venezuela

The Soft Underbelly Of Scandinavian 'High-Tax Happy-Capitalism'

<i>Central planning based on central bank inflated debt asset bubbles works until it doesn't.</i><p><b>A media mini-industry touts Scandinavia's "happiness" as</b> …

Business

Walmart V Amazon Online - We Consumers Win, Whatever Happens To The Waltons And Jeff Bezos

This battle for our online dollars between Walmart and Amazon–and, of course others–is a useful example of the difference and the interplay between capitalism and free markets. For there’s no doubt at all that the two firms,–again, and those other brave enough to compete with them– Amazon and …

Walmart

May Unnerves U.K. Business as Tories Redefine Capitalism - Bloomberg

To one of Britain’s best known private-equity veterans, Theresa May is the least business-friendly Conservative prime minister in decades.<p>Some of …

Brexit

The high price we all pay for the failures of privatisation

Guardian readers respond positively to Labour’s manifesto proposals to renationalise water services, railways and the Royal Mail<p>The prospect of renationalising the water supply (Labour manifesto: From pensions to public ownership, 17 May) reminds me of what Joseph Chamberlain said to a House of …

Karl Marx

Debating Capitalism - Redefining Outdated Terms

(Photo: Emiliano / Flickr)Reasonable conversation about capitalism is possible again. Debates about its strengths and weaknesses resume. The United …

Economics

Capitalists are destroying capitalism. They must be stopped

For two centuries, there has been a power struggle over which force should drive economies—governments or free markets.<p>Although markets reign today, Paul de Grauwe says that the forces of government control are strengthening. De Grauwe is one of Europe’s leading economists, now at the London School …

Economics

Capitalism will be its own destroyer

Dog walkers of Colchester, we are about to lose a wonderfully diverse walk if the MOD and planners get what they want, Middlewick Ranges are under …

The totalitarian capitalism of tech giants should trump your fears of populism

<i>Carl Mortished is a Canadian financial journalist based in London</i><p>Of all the worrying things about populism, the most disturbing of all is that it doesn’t really exist. This terrifying anti-intellectual, anti-immigrant, protectionist ideology that is sucking up votes like a giant vacuum cleaner is …

The left must take a lesson from the right and come together to win

Labour’s manifesto is bold, but Jeremy Corbyn has to unite people if he wants to form a government<p>The political tragedy of the British left is that unlike the right it cannot bear to synthesise its various strands – liberalism, social democracy, socialism – into one political grouping and one …

Brexit

Accelerationism: how a fringe philosophy predicted the future we live in

The world is changing at dizzying speed – but for some thinkers, not fast enough. Is accelerationism a dangerous idea or does it speak to our troubled times?<p>Half a century ago, in the great hippie year of 1967, an acclaimed young American science fiction writer, Roger Zelazny, published his third …

Western Philosophy

What Warren Buffett Gets Wrong about Capitalism

Buffett is wrong. This isn’t the capitalist way at all. This is just the way that every economy should work. Whether communist, socialist, social …

Foundation for Economic Education

It's time for a new campaign for capitalism and markets

It’s time for a new campaign to sell capitalism. It could be spearheaded by an existing think-tank, such as the Institute of Economic Affairs, or by a new campaigning organisation, modelled perhaps along the lines of the Taxpayers’ Alliance or one of the successful, if misguided, Left-wing …

Postal Service, Citing Losses, Seeks Higher Stamp Prices

The U.S. Postal Service is hoping it can soon raise stamp prices by a penny or more.<p>The postal service on Wednesday reported a quarterly loss of $562 million, despite growth in package delivery, due to continued erosion in the use of first-class mail as well as expensive mandates for its retiree …

Business

Warren Buffett, 3G and the Battle for Capitalism’s Soul

Good morning.<p>Warren Buffett defended Brazilian private equity firm 3G, with whom he invested in Kraft Heinz, at his annual meeting over the weekend …

Kraft Heinz

Fairfax cuts: the tension between capitalism and the news has reached breaking point

It doesn’t take a genius to understand the consequences for democracy if we lose investigative reporters to an army of Perez Hiltons. Should we consider public funding?<p>The sackings at Fairfax represent more than a tragedy for journalists and for anyone who cares about news. They provide one more …

Journalism

The Marx Brothers: Jeremy Corbyn joins John McDonnell in praising Communist icon's work

Jeremy Corbyn has described Karl Marx as a “great economist” as the Labour leader leapt to the defence of John McDonnell.<p>Mr McDonnell, the shadow chancellor, sparked the prospect of a Labour Party revolt on Sunday when he said there is “a lot to learn” from Marx’s communist tract Das Kapital.<p>But Mr …

John McDonnell

Zionist colonization is not ‘exceptional’: A Marxist viewpoint

This article aims to challenge the rather widely accepted claim that the nature of Zionist settler colonization is exceptional[1] and even “defies …

Israeli Palestinian Conflict

Cyber-insecurity is a gift for hackers, but it’s our own governments that create it

The insurance market is extracting millions to protect us from the built-in flaws the surveillance state relies on<p>The political legitimacy of democratic capitalism, that unlikely political formation that has brought us the end of history and now presents itself as the only bulwark against rightwing …

Cybersecurity

John McDonnell: There's 'A Lot To Learn' From Karl Marx

He has previously said: "I am a Marxist".<p>John McDonnell today declared there is “a lot to learn” from Karl Marx as he set out Labour’s plan to raise taxes on those earning more than £80,000 a year.<p>Appearing on the BBC’s Andrew Marr Show this morning, the Shadow Chancellor refused to repeat his …

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