Capitalism Archives - Page 5 of 28

Capitalism

China’s Thirty-Year War between State and Capital Has Taken a Decisive Turn

If the financial complexities and implications of the Evergrande case could be boiled down to a tabloid headline, it would read: “XI TO BUILDER: DROP DEAD.”

September 28, 2021 • by Mark Frazier

As part of its recent campaign to regulate capital and to rein in capitalists, Chinese President Xi Jinping and the Chinese Communist Party (CCP) has set their sights on the China Evergrande Group. Last week, Asian and global markets sank quickly on the news that Evergrande was unable to ...

China’s Thirty-Year War between State and Capital Has Taken a Decisive Turn

Capitalism

The “K” in the Economy

Private equity and the rise of permanent capital

September 20, 2021 • by Andrew Moon and Janet Roitman

The consensus is that the road to economic recovery from the COVID-19 pandemic is K-shaped: certain sectors and populations will thrive while others stagnate or decline. Outsized online retailers and digital infrastructure providers, like Amazon, have experienced boom times, while many Main Street small businesses have gone bust. Those with a stake ...

Capitalism

The Commons versus Capitalism

Can commonality dodge the threat of capitalist exploitation and develop into an organizational principle for complex societies?

August 31, 2021 • by Thijs Lijster

_____ Although every proprietor knows his own, … all things, so long as they will last, are used in common amongst them. Thomas Morton regarding the Five Nations in North America Since the beginning of the twenty-first century, the concept of the ‘commons’ has steadily ascended in significance in activist circles, scientific literature ...

Capitalism

The Communism of Love

How the COVID pandemic has revealed anew the importance of Marx’s Gemeinwesen

May 5, 2021 • by Richard Gilman-Opalsky

_____ Marx was transfixed by the Gemeinwesen, a German word meant to grasp the essence of human community, the state of human relations. Marx did not think a world of exchange built around the relation of labor to capital made for the healthiest Gemeinwesen, and he wanted a different one. He ...

Capitalism

Bass Pro Shop’s Bait and Switch

How weak anti-trust laws enable a retail behemoth’s predatory behavior and fails communities

April 7, 2021 • by Pat Garofalo

_____Back in 2004, Independence, Missouri issued more than $70 million in bonds in order to finance a new retail development anchored by a Bass Pro Shops, one of those mega-sized outdoors goods stores where you can buy everything from guns and tents to winter coats and hiking boots. But as ...

Economy

Why Adam Smith & Karl Marx Would Both Think $15 Isn’t Enough

Because the minimum wage is a subsistence wage, the left must aim higher

March 4, 2021 • by Peter J. Verovšek

_____ With the inauguration of the Biden administration, raising the federal minimum wage from its egregiously low level of $7.25 an hour is back on the political agenda in Washington, D.C. In recent years, activists across the county have convinced some cities and other jurisdictions to approve a higher minimum wage ...

Why Adam Smith & Karl Marx Would Both Think $15 Isn’t Enough

Corporations

Fall Fashion

Could the collapse of consumption point to a better future for the fashion industry?

October 28, 2020 • by Otto von Busch

----- Outside the window, it should have been autumn season. With the arrival of more crisp weather, a section of the wardrobe opens for the new possibilities, colors, and textures: jackets and closed shoes, knits and tweed. And layers. Layers force the wearer to think in more complex combinations. With a ...

Capitalism

Why Business Depends on Big Government

The economy was meant to be underwritten by tax dollars—but Americans don’t want to know that

October 20, 2020 • by Lawrence Glickman

————— One of the most telling statements of our political era was made by Republican Dick Cheney in a Vice Presidential debate with Democrat Joe Lieberman on October 5, 2000, 20 years ago this month. Lieberman jibed that Cheney, the Republican nominee, had profited handsomely from the job he had recently ...

Capitalism

Is Capitalism in Crisis, Dying, Dead — or Very Much Alive, for Better or Worse?

In search of an elusive concept

August 27, 2020 • by Ben Kodres-O'Brien

In 2014, a Museum of Capitalism opened for the first time, as if to commemorate a dying form of life. “The museum began just as capitalism ended,” declared the wall text for the most recent iteration of the travelling museum, at The New School in New York in fall 2019: ...

Is Capitalism in Crisis, Dying, Dead — or Very Much Alive, for Better or Worse?

Literature

The Big Cats, Part X

On melting ice, online shopping, and dads with leaf-blowers

August 4, 2020 • by Val Vinokur

Behind the thick blue smudge there is a wall / of feds in camouflage. ...

Economy

Where Is the Risk in the COVID Economy?

A look at shadow banking

July 30, 2020 • by Janet Roitman and Andrew Moon

We are witnessing a public bailout of the private sector that dwarfs the bailout response to the 2007–2008 Great Recession. Compared to the $700 billion Troubled Asset Relief Program (TARP) implemented in 2008, today’s mobilization of public funds through the Coronavirus Aid, Relief, and Economic Security (CARES) Act amounts to ...

Capitalism

There’s a Hidden Economic Trendline That Is Shattering the Global Trade System

Why economic nationalism is suddenly a fashionable excuse for countries to decrease their reliance on the existing global supply chains

July 8, 2020 • by Marshall Auerback and Jan Ritch-Frel

Covid-19 has accelerated a process that was well underway before it, spreading beyond U.S.-China-EU trade negotiations and into the world’s 50 largest economies. As much as many defenders of the old order lament this trend, it is as significant a shift as the dawn of the World Trade Organization (WTO) ...