Posts filtered by tags: Capitalism[x]


"This rethinking of disposability has an anti-capitalist appeal, as does thinking of oneself as someone who is not only, always, a consumer in search of the next purchase."

"But in the same way that making sustainable clothing purchases is a privilege many cannot afford, [visible mending] is a privilege to have the resources needed not only to mend something but also to take the time to make it beautiful. It is also a privilege to feel comfortable wearing clothes that are visibly worn, however beautiful the repair. We need to be careful not to romanticize the history of mending, a craft that has grown out of necessity. Miho Takeuchi, a traditional sashiko instructo...
Tags: Aesthetics, Capitalism, Fashion, Japan, Seen And Unseen

The colossal problem with universal basic income

Universal basic income is a band-aid solution that will not solve wealth inequality, says Rushkoff. Funneling money to the 99% perpetuates their roles as consumers, pumping money straight back up to the 1% at the top of the pyramid.Rushkoff suggests universal basic assets instead, so that the people at the bottom of the pyramid can own some means of production and participate in the profits of mega-rich companies. Team Human b...
Tags: Money, Automation, Work, Politics, Policy, Social change, Humanity, Capitalism, Economics, Consumerism, Inequality, Universal basic income

Remembering when bankers tried to overthrow FDR and install a fascist dictator

Though we know today that his policies eventually ended the Great Depression, FDR's election was seen as disastrous by some.A group of wealthy bankers decided to take things into their own hands; they plotted a coup against FDR, hoping to install a fascist dictator in its stead.Ultimately, the coup was brought to light by General Smedley Butler and squashed before it could get off the ground. None When we look back at history, we have the benefit of knowing how things turned out — not true for t...
Tags: Government, Military, United states, Capitalism, History

Amazon Killing Ads for Unprofitable Items Is Yet Another Example of Its Ruthless Money-Grabs

Looking to boost its already massive profits, Amazon is reportedly hitting vendors of unprofitable items where it hurts: their ads.
Tags: Amazon, Science, Capitalism

What socialism is — according to Michael Harrington

Michael Harrington was a public intellectual who strove to help the poor and inspired a generation of socialists. He was the first chairman of the Democratic Socialists of America, and nearly ran for president in 1980. While he is far from the only influential thinker on the American left, his ideas have had an outsized influence over the last sixty years. The United States is seeing a renewed interest in left-wing ideas. Chicago might have five socialists on its city council by April, a democra...
Tags: Politics, Sweden, Activism, Democracy, Germany, America, Economics, Poverty, Chicago, United States, Capitalism, Innovation, Ussr, Karl Marx, Cuba, Bernie Sanders

How to Identify and Report an Illegal Job Posting

Earlier this week, Epicurious site director David Tamarkin excitedly tweeted that they were in need of a “sharp, cooking-obsessed editorial assistant.” Within 48 hours, the posting had been mercilessly roasted by Media Twitter, and the New York State Department of Labor was even forced to intervene. What happened?Read more...
Tags: Work, Laws, Labor, Job Hunting, Capitalism, Job Search, Job Interviews, Lifehacks, New York State Department of Labor, David Tamarkin, Media Twitter

A belief in meritocracy is not only false: it’s bad for you

'We are true to our creed when a little girl born into the bleakest poverty knows that she has the same chance to succeed as anybody else …' Barack Obama, inaugural address, 2013 'We must create a level playing field for American companies and workers.' Donald Trump, inaugural address, 2017Meritocracy has become a leading social ideal. Politicians across the ideological spectrum continually return to the theme that the rewards of life – money, power, jobs, university admission – should be distri...
Tags: Work, Business, UK, Money, Microsoft, Government, US, Barack Obama, Society, Capitalism, Bill Gates, Netherlands, Innovation, Morality, Donald Trump, Consumerism

Is there such a thing as an anarchist capitalist?

Even though anarchy and capitalism seem like they're diametrically opposed, there are some out there who call themselves anarcho-capitalists.A more extreme version of libertarianism, anarcho-capitalism argues that there ought to be no state whatsoever; the free market can sort everything out, and if left alone, will ensure everybody's liberty.The philosophy attracts considerable criticism, both from anarchists, who argue that capitalism is inherently exploitative, and from people with more tradi...
Tags: Work, Guns, America, Markets, Economics, Capitalism, Innovation, Inequality, Goldman, Steven Pinker, State, Noam Chomsky, Chomsky, Friedman, David Friedman, Ron Swanson

"If even a successful businessman and entrepreneur like Governor Hickenlooper can't openly support capitalism in the Democratic primary, it's clear this is Senator Sanders' party now."

Said Howard Schultz (the Starbucks founder who may run for President as an independent), which was quoted on "Face the Nation" this morning, in a question to John Hickenlooper, whose answer was so dispiriting that I turned off the TV in the middle. Transcript:GOV. HICKENLOOPER: I've been-- the point I was making is that we defined people by these labels that- that often have all kinds of associations and baggage with them in that sense. Do I believe in small business? Of course I believe in smal...
Tags: Law, Elizabeth Warren, Capitalism, Howard Schultz, Starbucks, Donald Trump, Sanders, Nafta, Democratic Party, John Hickenlooper, Hickenlooper, Margaret Brennan, Face the Nation, Ann Althouse, 2020 Campaign

Inflection points: How to see when the economy is about to shift

Predicting broad economic change requires knowing why people typically fail to.Pay attention to where talent is going and you'll get a sense for where the market is headed.It's why business graduates have ditched Wall Street to go and work at Amazon. Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen by now at amazone -->
Tags: Amazon, Work, Productivity, Future, Economics, Creativity, Capitalism, Innovation, Start-up, Rita McGrath

What was socialism like during the Seattle General Strike?

In 1919, the city of Seattle was shut down by a strike. Most business that took place was union approved. The story shows how a city can be run by workers even in the United States. It also shows that big ideas can benefit from well thought out plans. The world was pretty unstable one hundred years ago. The Spanish flu was decimating global populations already ravaged by the first world war, revolutions had broken out across the world, and many people were unable to reconcile their wartime exper...
Tags: Work, Activism, Catalonia, History, United States, Capitalism, Innovation, Seattle, Lenin, Wobblies, IWW, Robert L Friedheim, Winnipeg General Strike, Ole Hanson

Billionaire warlords: Why the future is medieval

Russia? China? No. The rising world superpower is the billionaire class. Our problem, says Sean McFate, is that we're still thinking in nation states.Nation states have only existed for the last 300-400 years. Before that, wealthy groups – tribes, empires, aristocracies, etc – employed mercenaries to wage private wars. As wealth inequality reaches combustion point, we could land back in the status quo ante of the Middle Ages. Who will our overlords be? Any or all of the 26 ultra-rich billionaire...
Tags: Money, China, Russia, Future, Economics, History, War, Military, Capitalism, Innovation, Sean McFate

Top 5 anarchist plots in American history

Anarchism isn't always violent, but there's a reason why that stereotype has stuck.Throughout history, anarchists have tried to bomb and assassinate different targets – including Barack Obama.Here are 5 notable anarchist plots, ranging from centuries-old bombings to modern-day assassination attempts. None Anarchists are typically thought of as violent terrorists, planting bombs or smashing shop windows. While not all anarchists espouse the use of violence, it would be disingenuous to say that it...
Tags: New York, Crime, Activism, Guns, Obama, Barack Obama, Fbi, Terrorism, Capitalism, Innovation, Protests, Buffalo, Cleveland, Inequality, US Army, Goldman

What happens when Walmart leaves town

Small towns had business districts. Then small towns had Walmarts. Then small towns had nothing. For nearly 20 years retailers in downtown Winnsboro, South Carolina struggled to compete with Walmart's cheap products and one-stop shopping. As we reported in 2016, Walmart closed its supercenter there three years ago, one of 154 stores it shuttered across the country that year. NewsHour Weekend's Christopher Booker returned to see what life after Walmart is like for the small American town.
Tags: Video, News, Walmart, Capitalism, Christopher Booker, Winnsboro South Carolina

What is socialism like in Scandinavia?

The American left and right often point to Scandinavian countries as examples of what government regulation can do, for good and bad.But are they actually socialists? How do their economies work?While stealing their social structures and trying to implement them elsewhere probably won't work, they do offer an example of a kinder, gentler capitalism.When Americans discuss the potential benefits of socialism, they often point to the Scandinavian countries as examples of what is possible. Bernie Sa...
Tags: Europe, Politics, Sweden, Minnesota, Democracy, Economics, Chicago, Capitalism, Innovation, Finland, Denmark, Norway, Scandinavia, Donald Trump, Bernie Sanders, Oslo

Why sex behind the Iron Curtain was better for women

A new book by Kristen Ghodsee argues that women had much better sex in communist Eastern Europe than in the West.She attributes this to steps those states took to empower women and their resulting economic independence. While rebuilding the Iron Curtain isn't called for, the author suggests we can learn ways to empower women from these communist regimes.Think of every image of communist Eastern Europe you've ever seen and every establishing shot of it ever put to film. You're probably thinking o...
Tags: Security, Sex, Germany, Russia, Women, America, Markets, Capitalism, Innovation, Community, Ussr, Eastern Europe, Marx, East Germany, West Germany, Czechoslovakia

What was socialism like in the United States during the 20th century?

While America seems like a haven for capitalists, socialism has a long and often successful electoral history here. Milwaukee had socialist mayors until 1960.Today's resurgence of interest in socialism has nothing on the red tide of 1912. None Socialist candidates are cropping up all over the country. In Texas, they are being elected to judgeships. Two of them serve in Congress, and another one works in the Senate. Chicago has a Socialist alderman and the city council of Sommerville, Massachuset...
Tags: Politics, Texas, Congress, California, Democracy, White House, Milwaukee, America, History, United States, Capitalism, Innovation, Republican, Socialist, Bernie Sanders, Social Change

5 flavors of anarchy

Anarchists are often typecast in popular opinion as black-clothed bomb-throwers.However, many would be surprised by the number and identities of different anarchists.What's more, anarchist beliefs aren't simply that the state should be overthrown; there are many different variations and interpretations. None It takes an independent mind to declare oneself an anarchist, but even so, the stories and characters of people who identify as anarchists can be surprising. Here's five snapshots of differe...
Tags: Politics, Supreme Court, Government, Boston, Alan Moore, Economics, History, Chicago, Britain, United States, Capitalism, Innovation, Goldman, Leo Tolstoy, Authority, Social Change

5 anarchists who are famous but all very different

Anarchists are often typecast in popular opinion as black-clothed bomb-throwers.However, many would be surprised by the number and identities of different anarchists.What's more, anarchist beliefs aren't simply that the state should be overthrown; there are many different variations and interpretations. None It takes an independent mind to declare oneself an anarchist, but even so, the stories and characters of people who identify as anarchists can be surprising. Here's five snapshots of differe...
Tags: Politics, Supreme Court, Government, Boston, Alan Moore, Economics, History, Chicago, Britain, United States, Capitalism, Innovation, Goldman, Leo Tolstoy, Authority, Social Change

China's double boom: From ‘Made in China’ to ‘Sell to China'

China is no longer an impoverished manufacturer of the world's products; it is a major consumer market of 1.4 billion people.When its manufacturing boom hit a wall, China changed tactics and invested heavily in consumerism at home – a second boom that will make China king.Global brands are desperate for a piece of China's $5 trillion private consumer market. Out of the Gobi: My Story of China and America by now at amazone --> Lis...
Tags: Money, China, America, Markets, Investment, Economics, Capitalism, Innovation, Consumerism

When did athletes get so rich?

Athletes didn't start to make serious money in the U.S. until Curt Flood sued baseball.The emergence of television advertising also began to play a role.The purchasing power of the average American hasn't moved since the 1970s. None There have always been rich athletes, but it is not unreasonable to suggest that today — in this century — there are more rich athletes now than there used to be. If we're to define 'now' as occupying the 20th century and 'rich' as getting paid more than one million ...
Tags: Money, Supreme Court, Congress, Sports, NFL, Economics, Liverpool, Capitalism, Innovation, Michael Jordan, Nba, NHL, Chicago Bulls, Richard, Major League Baseball, Houston Astros

The Worst Person You Know Just Made a Great Point

There are few individuals in media worse than Tucker Carlson. The Fox News host regularly espouses white nationalist views on his nightly show, spreading his dangerous, hateful ideology to millions of viewers (and to the White House). To put it succinctly: he fucking sucks.Read more...
Tags: Science, Unions, Labor, Buzzfeed, White House, Journalism, Capitalism, Fox News, Heartbreaking, Inequality, Tucker Carlson

Noam Chomsky: Writer, linguist... anarchist?

Anarchism is usually connected to violence and chaos, but as a philosophy, its tenets are more nuanced than mere destruction for destruction's sake.It may surprise some to find out that Noam Chomsky, famous for his innovations in linguistics and philosophy, describes himself as an anarchist.Whether you agree with him or not, understanding anarchism can lead to a better understanding of our society and its politics. None What comes to mind when we think of an anarchist? Most likely, it's some pun...
Tags: Activism, Government, Economics, Society, George Orwell, Capitalism, Innovation, Inequality, Consumerism, Orwell, Churchill, Noam Chomsky, Chomsky, U S Defense Department, Mohandas Gandhi

What is socialism? Here's how 10 brilliant thinkers define it.

Like many ideologies, socialism can be many things to different people.These ten quotes show what it means to ten different thinkers, including Albert Einstein and Winston Churchill. While they leave the question of what socialism is unsettled, they do offer us great insights.Socialism is one of those words that has been used so many times to describe so many different ideologies that it has lost all meaning. That doesn't stop people from trying to describe it though. Here, we have ten quotes ...
Tags: Politics, UK, Democracy, Russia, Economics, Catalonia, Poverty, United States, Capitalism, Innovation, Winston Churchill, Albert Einstein, Ussr, Inequality, Labour Party, King

What is socialism like in China?

China has undergone massive economic reforms over the last few decades while remaining officially communist.The state still has tremendous power over the economy, but private enterprise and markets dominate daily life. The question of if the Chinese economy is technically capitalist remains unanswered. When people today think of a communist country, they often think of The People's Republic of China. Once known as a promoter of global revolution, it is now better known as the workshop of the wor...
Tags: Politics, China, Russia, Markets, Economics, Gorbachev, Beijing, United States, Capitalism, Innovation, Shanghai, Ussr, Joseph Stalin, Mao, Maoism, Marx

Should you invest in China's stock market? Know this one thing first.

China's stock market is just 27 years old. It's economy has grown 30x over that time.Imagine if you had invested early and gotten in on the ground floor.Actually, you would have lost money. Here's how that's possible.
Tags: Finance, China, Markets, Investment, Data, Capitalism, Innovation, Global development, Weijian Shan

26 ultra-rich people own as much as the world's 3.8 billion poorest

A new report by Oxfam argues that wealth inequality is causing poverty and misery around the world. In the last year, the world's billionaires saw their wealth increase by 12%, while the poorest 3.8 billion people on the planet lost 11% of their wealth.The report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency." We explain what Steven Pinker's got to do with it.A new report by Oxfam argues that inequality around the word is so out of hand th...
Tags: Africa, Economics, Poverty, Policy, Frankfurt, United States, Capitalism, Innovation, Global development, Libya, World Bank, Oxfam, Health Care, Inequality, Steven Pinker, Don

4 reasons Martin Luther King, Jr. fought for universal basic income

Despite being widely known for his leadership role in the American civil rights movement, Martin Luther King, Jr. also played a central role in organizing the Poor People's Campaign of 1968.The campaign was one of the first to demand a guaranteed income for all poor families in America.Today, the idea of a universal basic income is increasingly popular, and King's arguments in support of the policy still make a good case some 50 years later. None Martin Luther King, Jr. is best remembered for le...
Tags: Facebook, Mark Zuckerberg, Identity, Washington, Race, America, Economics, Policy, United States, Capitalism, Innovation, Richard Branson, Inequality, King, Martin Luther King Jr, SpaceX CEO Elon Musk Virgin Group

'Aquinas and the Market' and the Possibility of a "Truly Humane Economic System"

Rational value dominates our moral as well as our economic decisions today. What began as a theory examining financial data by mathematical applications turns into the contemporary default system by which goods are measured and value ascribed. While theologians along with many humanists have challenged this paradigm, very few have the acumen to analyze markets and to interpret financial data. Economist and theologian Mary L. Hirschfeld pioneers an informed investigation into the relationship bet...
Tags: Business, Music, Review, Religion, Book Review, Economics, Harvard, Capitalism, Pope Francis, Philosophy, Notre Dame, Wells Fargo, Aristotle, Simon, Villanova University, Hirschfeld

Student debt: An American horror story

College went from being a beneficial step in a young person's life to a huge financial burden for decades into their life. Since the 1970s, the cost of education has gone up between 400–1200%, depending on the kind of school you go to. Can we turn it around? Only societal change — and a good hard look in the mirror — can really make college a better move for young Americans.
Tags: Video, Money, Education, Finance, Economics, Teaching, Capitalism, Innovation, Big Problems,