Social Capitalism: An Alternative to Neoliberalism

On the economic consequences of the US neoliberal period

As defined by Hagen Krämer and coauthors (2023), social capitalism constitutes a "renewed social democracy" designed to achieve growth that is both inclusive (in the sense of being consistent with an equitable wage share of income) and sustainable (in the sense that it does not foster financial imbalances). These constitute narrow definitions of inclusivity and ...
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Social Capitalism: An Alternative to Neoliberalism

Petro-Capitalist Status Quo

In Overshoot, Andreas Malm and Wim Carton show how governments have failed to stop the fossil fuel industry bulldozing through international emissions thresholds

Andres Malm and Wim Carton’s new book, Overshoot: How the World Surrendered to Climate Breakdown (Verso, 2024), is a thorough and unsparing account of the recent history and politics of the attempt to mitigate fossil fuels, and the reasons for its significant failure.  Both authors teach at Lund University in Sweden. ...
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Petro-Capitalist Status Quo

Social Capitalism

Synthesizing Marx, Keynes, and Schumpeter

Feathers were ruffled at Davos this year when, during a panel on “How to Trust Economics,” a speaker went rogue, accusing economists of being a “tribal clique” who only quote each other and have “blind faith” in models, however disconnected from real events they may be. The critique came not ...
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Social Capitalism

Radical Care and the Making of a New World

What is a truly caring society?

Few people would disagree with an aspirational goal of a truly caring society—but what is a truly caring society? And what is the role of the state in a radical future? What kinds of reforms move us closer to a goal of a caring world, rather than setting us back? ...
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Radical Care and the Making of a New World

When Words Lose Their Meaning

When the terms used to describe key concepts go viral, they get used in new ways

A series of improperly priced terms are used in current political debate: capitalism, socialism, democracy, imperialism, multilateralism, geopolitics, populism, technocracy, globalism, globalization, and neoliberalism. They have become the standard munition that is fired between the sides in today’s culture, policy, and economic wars....

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When Words Lose Their Meaning