Capitalism

Capitalism’s new crisis: after Carillion, can the private sector ever be trusted?

For years, companies entrusted with the UK’s social needs have failed in their duty<p>It is one of the most spectacular corporate failures of recent years. Carillion’s collapse, with £2bn of debts, threatens to deprive tens of thousands of workers, directly or indirectly, of their livelihood. The …

John McDonnell

Boardroom excesses can no longer be tolerated. The economy has to work for all

Public-private partnerships are essential. I won’t let bad businesses threaten them<p>When it comes to the vital public services that we all rely on, I want the British people to have the very best.<p>A first-class health service, which is there for all of us in our time of need. Brilliant schools that …

Greg Clark

No reds under beds, but the young are awake to the flaws in capitalism

The crash of 2008, not Stalinists in our universities, caused the sense of alienation among students<p>Are student Red Guards about to storm the quads of Oxbridge colleges? Do young people think that famines and purges and mass executions are good? Apparently so.<p>A ComRes poll last week showed that …

Joseph Stalin

The Guardian view on the private finance initiative: replace this failed model

Forty years of increasingly dogmatic approaches to the financing of public services have led to the collapse of Carillion and a damning National Audit Office report<p>Long ago, in a political galaxy far away, privatisation and outsourcing in public services were not always dogmas but instead acts that …

Opinion (UK)

Choose! The end of the World for Capitalism, or for all of us...

Day 17 Occupy Wall Street October 3 2011 Shankbone 17<br>(Image by david_shankbone) Permission Details DMCA<p>Nothing like beating a dead horse, but after …

Liberal View

Carillion and the reputation of privatisations, by Alberto Mingardi

<i>"Privatisations" were done to make again room for the private sector, and for government officials to stop managing a particular business. In</i> …

Economics

The real Adam Smith

He might be the poster boy for free-market economics, but that distorts what Adam Smith really thought<i>By Paul Sagar</i>Read at Aeon

Ludwig von Mises

Ink It Onto Your Knuckles – Carillion Is How Neoliberalism Lives and Breathes

<i>When right-wing economists tell me there is no such thing as neoliberalism – that it is a figment of the left’s imagination, a meaningless insult or</i> …

Chris Grayling

Let's Teach Communism

By: Frank Chodorov <br>[A selection from <i>One Is a Crowd</i> by Frank Chodorov]:This is a defense of our universities. As they open their doors for another …

Austrian Economics

There must be no bailout for Carillion – this is capitalism working as intended

<i>It is right that private companies who profit from public services must also bear the risk</i><p>In March 2009 the UK government announced it was going to bail out 110 private finance initiative (PFI) projects, responsible for £13 billion in public investment. Many critics of the PFI, and of …

Hungry for Change in Our Food System? ''A Foodie's Guide to Capitalism'' Tells You Where to Begin

(Image: Monthly Review Press)The centenary of the Russian Revolution has no doubt produced a cascade of lugubrious foodistas, made melancholy by the …

Liberal View

What's Wrong with Our Food System? Capitalism.

When people talk about the food system being "broken", Eric Holt-Gimenez is quick to correct them.<br>There's nothing broken about the food system, says …

Agriculture

Did Hayek Really Say that Free Markets Make Consumers Better Informed?

By: George Pickering <br>It’s interesting how often the most memorable and thought-provoking parts of a given discussion are to be found in the tangents …

Conservative View

The dawn of American socialism

The Russian revolution was the most utopian left-wing project in history, and it was a cataclysmic disaster. When the Soviet Union collapsed in 1991, …

U.S. Politics

4 Common Capitalism Myths Debunked

One of the most disappointing things I face as a college professor is the lack of understanding most students have regarding capitalism. The simple …

Economics

It’s just how capitalism works

Jonathan Levy (Chicago): Capital as Process and the History of Capitalism. Maia Pal (Oxford Brookes): “My Capitalism is Bigger than Yours”: Against …

Peter Thiel

Free Market Economics: Still Alive in 2018?

Free market economics hasn’t been faring well lately, or so it might seem. A 2016 Harvard poll purported to show that young Americans reject free …

Economics

The Fight For Freedom is Far from Over

Socialism has crippled nations and impoverished their citizens. The evidence is clear. Yet, despite this, lots of people in the United States, the …

Economics

Hayek on the Socialist Roots of Nazism

F.A. Hayek’s <i>The Road to Serfdom</i> is one of the more compelling and accessible books in the Austrian economic tradition. The bulk of the book makes the …

German History

Is the free market really so hated?

Free market economics hasn’t been faring well lately, or so it might seem. Donald Trump rode to the American presidency in part with an attack on …

Economics

We're all addicted to smartphones — but many of us are trying to curb our habit

It's clear we're addicted to our smartphones. We're on them soon after we wake up. We check them dozens of times a day, not only when we're at work or shopping, but when we're supposedly watching TV, spending time with friends, or, most dangerously, when we're driving. And many of us are still …

Taboola

Libraries Under Capitalism: The Enclosure of the Literary Commons

(Photo: HJL; Edited: LW / TO)<p><i>"One of the most subversive institutions in the United States is the public library." -- bell hooks</i><p>Our public libraries, …

Liberal View

Trump’s version of capitalism

From the Congressional Research Service, a report on The Trump Administration and the Unified Agenda of Federal Regulatory and Deregulatory Actions. …

Trump Administration

''But How Will We Pay for It?'': Modern Monetary Theory and Democratic Socialism

An Overpass Light Brigade protest in support of Medicare for All in Madison, Wisconsin, July 18, 2017. (Photo: depthandtime / Flickr)<p>Medicare for All …

Liberal View

Trump boasts of bigger 'nuclear button' than North Korea's

WASHINGTON (AP) — President Donald Trump boasted Tuesday that he has a bigger and more powerful "nuclear button" than North Korean leader Kim Jong Un.<p>The president's Tuesday evening tweet came in response to Kim's New Year's address, in which he repeated fiery nuclear threats against the United …

North Korea

Does capitalism breed greed, or elevate the greedy?

When a billionaire Koch heir announces that he's taking a break from suing ex-fiancees to give back their engagement rings and playing tennis at …

Harvey Weinstein

Life Grounding Marx 150 Years After Capital

Photo by Engyles | CC BY 2.0“One basis for life and another basis for science is an a-priori lie”— Karl Marx, <i>Economic and Philosophical Manuscripts,</i> …

Karl Marx

2017 Gratitude

As 2017 comes to a close and I consider the achievements of the past year, I’m incredibly grateful to you and the global Conscious Capitalism …

Hurricane Harvey

Trump says East Coast could use 'Global Warming' during cold

WEST PALM BEACH, Fla. (AP) — President Donald Trump said Thursday the East Coast "could use a little bit of that good old Global Warming" as bitterly cold temperatures are expected to freeze large swaths of the country this holiday weekend.<p>Trump wrote on Twitter, "In the East, it could be the …

Climate Change

These are the most fabulous Bay Area celebrity homes bought and sold in 2017

Real estate is big business in the San Francisco Bay Area, and in 2017 some homes with celebrity cachet made news headlines.<p>For a look back at some of the year's A-list deals, take a look below.<p><b>Warriors star Steph Curry sells Walnut Creek home at a loss</b><p>Warriors point guard Steph Curry and his wife, …

Real Estate