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Tag: Capitalism


The Purpose of Argument Online

The “public face of social liberalism” is synonymous with “an endless list of things that you can’t do or say or think, and with the constant threat of being called an existentially bad person if you say the wrong thing,” journalist Freddie deBoer writes.

Posted on Aug 23, 2014 READ MORE



The Militarization of Racism and Neoliberal Violence

In witnessing the state reaction to the brutal killing of Michael Brown, we recognize violence as a major mode of control in corporate-dominated societies.

Posted on Aug 21, 2014 READ MORE



The Rebirth of Stakeholder Capitalism?

We’re all stakeholders in the American economy, and many stakeholders have done miserably.

Posted on Aug 11, 2014 READ MORE



The Insider’s Economic Dictionary: S Is for Saint-Simon

Sex: The topic that has proved strong enough to displace religious and academic discussion about property and wealth as the driving force in human affairs and evolution.

Posted on Aug 9, 2014 READ MORE



Melville, Capitalism and Slavery

A new history of the events behind Herman Melville’s 1855 novella “Benito Cereno” takes up the question of how slavery shaped the “psychic and imaginative” dimensions of contemporary capitalism, rather than merely the “social or financial” aspects.

Posted on Aug 3, 2014 READ MORE



Gaza to Afghanistan: Killing Machines and the Madness of Militarism

Incapable of thinking beyond military solutions to social problems, militarism absolves individuals and governments, if not the public, of the horror produced by the weapons it builds. Moreover, just as it erases the memory of Hiroshima and Nagasaki, it suggests that the killing of hundreds of children in Gaza is a necessity.

Posted on Jul 25, 2014 READ MORE



Clintonians Join Vulture Flock Over Argentina

Likely leaders of a Hillary Clinton administration are helping hedge fund billionaire Paul Singer wring hundreds of millions of dollars out of Argentina, a move that could derail the country’s long climb back into solvency and undermine debt settlements worldwide.

Posted on Jul 24, 2014 READ MORE



Thinking Dangerously in an Age of Political Betrayal

Thinking has become dangerous in the United States. The indications are everywhere.

Posted on Jul 18, 2014 READ MORE



Crowdsourcing Our Way Out of the Democracy Crisis

An increasing number of Americans are getting fed up with the phony democracy that exists in the United States. Across the nation people are engaging in democracy rebellions as they re-examine the nation’s roots, especially with the 4th of July weekend recently passing.

Posted on Jul 14, 2014 READ MORE



Air Travel Is Getting More Aggravating and Complicated

More stratified levels of service, workers who are underpaid and overworked, and a climate that is increasingly hostile to human activity—the experience of privatized air travel worldwide is rapidly deteriorating. Journalist Scott Smith lists six ways how.

Posted on Jul 11, 2014 READ MORE



Truthdigger of the Week: Jill Lepore

By attacking “one of the most widely cited and celebrated ideas in modern business,” the Harvard historian confirmed that American capitalists have embraced destruction as a method of progress.

Posted on Jul 6, 2014 READ MORE



Real Business Leaders Want to Save Capitalism

A few weeks ago I was visited in my office by the chairman of one of the country’s biggest high-tech firms who wanted to talk about the causes and consequences of widening inequality and the shrinking middle class, and what to do about it.

Posted on Jun 21, 2014 READ MORE



The Highest-Paid CEOs Are the Worst Performers

Extensive new research shows that “across the board, the more CEOs get paid, the worse their companies do over the next three years,” Forbes contributor Susan Adams writes.

Posted on Jun 20, 2014 READ MORE



Eric Cantor and ‘The Certainty of Conservative Sellout’

Salon columnist Thomas Frank explains House Majority Leader Eric Cantor’s surprising loss to a tea party primary challenger last week as “part of a long-running and basically unchanging Republican melodrama. …An eternal populist revolt against leaders who never produce and problems that never get solved.”

Posted on Jun 15, 2014 READ MORE



Global Recession Has ‘Led to 10,000 Suicides’

U.K. researchers report that the economic crisis in Europe and North America has contributed to the suicides of more than 10,000 people.

Posted on Jun 12, 2014 READ MORE


Disposable Futures

As more and more individuals and groups are now considered excess, consigned to zones of abandonment, surveillance and incarceration, dystopian politics has become mainstream politics and the practice of disposability has intensified. There are alternatives.

Posted on Jun 5, 2014 READ MORE


Elizabeth Warren and Thomas Piketty Explain How Wealth Trickles ‘Up,’ Not Down

The two best-selling authors discuss the American economy and the growth of income disparity plaguing the nation in a HuffPost Live segment that shouldn’t be missed.

Posted on Jun 4, 2014 READ MORE


Stephen Colbert to Thomas Piketty: ‘Why Are You Trying to Tear Down the Western Economic System?’

The writer of the best-selling book “Capital in the Twenty-First Century” that’s on everybody’s mind these days stopped by “The Colbert Report” on Monday for a reckoning with the faux-conservative host.

Posted on Jun 3, 2014 READ MORE



Infrastructure Sticker Shock: Financing Costs Exceed Construction

Funding infrastructure through bonds doubles the price or worse. Costs can be cut in half by funding through the state’s own bank.

Posted on Jun 1, 2014 READ MORE



‘Friends Without Benefits’: ‘Job Creators’ Accrue More Terrifying Power

Applying for a job you need but don’t really want is bad enough. But now “Zappos, a wholly-owned subsidiary of Amazon, is going to occupy the unemployed for months with (mostly futile) attempts to become virtual ‘friends’ with the online shoe retailer,” Noah McCormack writes at The Baffler.

Posted on May 31, 2014 READ MORE


‘Let Markets Rule Us’

An old, creepy recording shows the Milton Friedman Choir singing that corporations are society’s saviors, that rule and decision making are best left to the so-called free market, and that other moral considerations for the business class should be absolutely gotten rid of.

Posted on May 26, 2014 READ MORE



Truthdigger of the Week: Francisco ‘Papas Fritas’ Tapia

By burning up to $500 million worth of student debt contracts held by a corrupt, for-profit university, the Chilean artist reminds us of the virtue of principled anger.

Posted on May 25, 2014 READ MORE


Mega Memorial Day Sale

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Posted on May 25, 2014 READ MORE



A Grim Existence in the Sewers of Eastern Europe

Beneath Bucharest’s ornate architecture, Baroque palaces and tree-lined boulevards lies a decades-old city of suffering made of filth, frigid temperatures, addiction and disease.

Posted on May 22, 2014 READ MORE



Luciano Castillo (CC BY 2.0)

The Practical Choice: Not American Capitalism or ‘Welfare State Socialism’

For years Americans have assumed that our hard-charging capitalism is better than the soft-hearted version found in Canada and Europe.

Posted on May 21, 2014 READ MORE



Are Public Banks Unconstitutional? No. Are Private Banks? Maybe

The movement to break away from Wall Street and form publicly owned banks continues to gain momentum. But enthusiasts are deterred by claims that a state-owned bank would violate constitutional prohibitions against “lending the credit of the state.”

Posted on May 18, 2014 READ MORE



Putin’s Real Use for Ukraine

In a brilliant piece of political science, American journalist Mark Ames explains Russian President Vladimir Putin’s handling of the Ukraine crisis as part of a cynical bid to maintain domestic political power by appealing to the values and attitudes of his country’s provincial “Silent Majority” after losing the support of liberals.

Posted on May 15, 2014 READ MORE



Noam Chomsky and the Public Intellectual in Turbulent Times

Noam Chomsky not only represents the antithesis of intellectual accommodation, he exemplifies a new kind of intellectual, one who refuses, as C. Wright Mills put it, the role of “a sociological book-keeper,” preferring instead to be “mutinous and utopian” rather than “go the way of the literary faddist and the technician of cultural chic.”

Posted on May 12, 2014 READ MORE



Free Elections or Business as Usual: Los Angeles News Group or Los Angeles Chamber of Commerce?

Corporate rule means the rules apply only to workers, but not to corporate CEOs and the ruling class. Unrestricted corporate power is capitalist totalitarianism.

Posted on May 11, 2014 READ MORE



Why Jerry Brown’s Rainy Day Fund Is a Bad Idea

There is no need to sequester funds urgently needed by Main Street to pay for Wall Street’s malfeasance. Californians can have their cake and eat it too—with a state-owned bank.

Posted on May 8, 2014 READ MORE



The Four Biggest Right-Wing Lies About Inequality

Even though French economist Thomas Piketty has made an airtight case that we’re heading toward levels of inequality not seen since the days of the 19th century robber barons, right-wing conservatives haven’t stopped lying about what’s happening and what to do about it.

Posted on May 6, 2014 READ MORE



Lewis Lapham and Thomas Frank Forecast the Next American Revolution

The Harper’s Magazine associates have had their eyes on America and its moneyed rulers for a combined nine decades. In a bookstore conversation about the latest issue of Lapham’s Quarterly, they name the forces conspiring to drive the nation into another age of upheaval.

Posted on May 4, 2014 READ MORE



Neoliberalism, Democracy and the University as a Public Sphere

Of neoliberalism, Truthout contributor Henry Giroux tells Victoria Harper in an interview: “Not only is it the latest stage of predatory capitalism, but it is also part of a broader project of restoring class power and consolidating the rapid concentration of capital, particularly financial capital.”

Posted on Apr 24, 2014 READ MORE


The Divide

Posted on Apr 18, 2014 READ MORE



The Divide

Matt Taibbi’s new book is more Lincoln Steffens than Hunter Thompson, dropping most of the histrionics to explore why Wall Street bankers are seemingly exempt from criminal prosecution.

Posted on Apr 18, 2014 READ MORE



The Insider’s Economic Dictionary: R Is for Rentier

Race to the bottom: A term for dog-eat-dog competition by which countries compete by cutting wage levels so as to produce in the cheapest market, not by raising wages and labor productivity.

Posted on Apr 14, 2014 READ MORE



The Global Banking Game Is Rigged, and the FDIC Is Suing

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps. And the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it.

Posted on Apr 13, 2014 READ MORE



Neoliberalism and the Machinery of Disposability

What has emerged in the new America is an intensification of the practice of disposability in which more and more individuals and groups are now considered excess, consigned to zones of abandonment, surveillance and incarceration.

Posted on Apr 10, 2014 READ MORE



Are Corporations Really Hogging Workers’ Wages?

Some of the most respected economists in the world are telling Americans their employers have been taking an increasing share of their earnings over the past four decades. The truth is a bit more complex.

Posted on Apr 9, 2014 READ MORE



Capital in the 21st Century

In his new book, French economist Thomas Piketty reminds us that within the dynamics of capitalism is a natural and destabilizing tendency toward inequality of income, wealth and opportunity.

Posted on Apr 4, 2014 READ MORE


Sen. Sanders: ‘Will This Nation Become an Oligarchic Form of Society?’

In an address to the U.S. Senate this week, Vermont independent Bernie Sanders testified to the basics of wealth inequality and described how it distorts the U.S. political process. His speech contains vital statistics for your reference.

Posted on Mar 28, 2014 READ MORE



Truthdigger of the Week: Rep. Alan Grayson (Video)

If the Democratic Party has a future in America, it lies with firebrands of populism like Alan Grayson.

Posted on Mar 22, 2014 READ MORE



Beyond Neoliberal Miseducation

Workers, students, youths and the poor are all considered expendable in this neoliberal global economy. Yet the one institution that offers opportunities to challenge anti-democratic tendencies is under attack in unparalleled ways.

Posted on Mar 21, 2014 READ MORE


Neoliberalism, Youth and Social Justice

In a special interview, Truthout contributor Henry Giroux takes us back to the basics of what can be seen as an ongoing and accelerating war between the rich and everyone else, an event that has resulted in a mass inability “to translate private troubles into larger structural public considerations.”

Posted on Mar 14, 2014 READ MORE



(AP/Dmitry Lovetsky)

Russia Can’t Take the West Seriously Anymore, but Why Should It?

Let’s face it, the West has been sold to the highest bidder and Putin has no reason to fear us.

Posted on Mar 5, 2014 READ MORE



Suffering? Well, You Deserve It

An Oxford scholar warns that our outmoded economic model is a “warrant for inflicting pain” first on the poor and minorities and eventually on most of society.

Posted on Mar 2, 2014 READ MORE



Can the Internet Democratize Capitalism?

Democracy requires a great deal more than “leveling.” It requires political institutions that enable the economically weak to have a decisive say on policy against the interests of the rich and powerful.

Posted on Feb 22, 2014 READ MORE



‘We Do Not Drink It. My Pets Do Not Drink It’

More than a month after a chemical spill poisoned West Virginians’ drinking water, officials still know virtually nothing about the toxicity of the contaminant MCHM or its effect on humans.

Posted on Feb 16, 2014 READ MORE



Foreclosure Filings Jump as Investors Eye Exits

It’s too bad Keynes isn’t around today to see how the toxic combo of financial engineering, central bank liquidity and fraud have transformed the world’s biggest economy into a hobbled, crisis-prone invalid that’s unable to grow without giant doses of zero-rate heroin and mega-leverage crack cocaine.

Posted on Feb 15, 2014 READ MORE


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