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December 19, 2014
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Tag: Capitalism

Noam Chomsky: The U.S. Declares Itself to Be the World’s Leading Terror State and Is Proud of It

The acclaimed linguist and philosopher sits down with GRITtv’s Laura Flanders to discuss the crimes America was founded on, how social movements like the Ferguson protests can help the U.S. progress, and other topics such as capitalism, China and his friendship with none other than Amy Goodman’s father.

Posted on Dec 13, 2014 READ MORE



Black Bodies, Broken Worlds and a Post-Tax Society

Somewhere in America tonight, another poor person who the police deem a threat will be killed. Tomorrow another, and then another. These deaths are not an outrage against this system. They are normal for this system.

Posted on Dec 11, 2014 READ MORE



A Society of Captives

The murder of unarmed citizens by police is not only about racism. It is an example of the omnipotence of the corporate state and the evisceration of the rule of law.

Posted on Dec 7, 2014 READ MORE



CEO Pay Rose at Twice the Rate of Workers

Experts suggest there’s no better time to be a top-level corporate executive as the median income of CEOs of S&P 500 companies reached $10.1 million at the end of 2013.

Posted on Dec 7, 2014 READ MORE



Science Fiction Writer Ursula K. Le Guin Movingly Warns Against the Dangers of Capitalism (Video)

“We live in capitalism. Its power seems inescapable. So did the divine right of kings,” said Ursula K. Le Guin in her acceptance speech for the Medal for Distinguished Contribution to American Letters at the 65th annual National Book Awards ceremony. “[But] any human power can be resisted and changed by human beings.”

Posted on Nov 22, 2014 READ MORE



Darren Brode / Shutterstock.com

Some of America’s Biggest Corporations Pay Their CEOs More Than They Owe in Taxes

How does a company like Ford, which did $139.4 billion in business last year, qualify for a tax refund?

Posted on Nov 19, 2014 READ MORE


We Need a New Word for Revolution (Parts 6, 7 and 8)

Truthdig columnist Chris Hedges and political philosopher Sheldon Wolin conclude their eight-part series on American democracy and corporate capitalism with conversations about the consequences of relentless totalitarianism, the nature of participatory democracy and how to think about the possibility of revolution.

Posted on Nov 7, 2014 READ MORE


‘We Never Managed to Relax’ After World War II (Parts 4 and 5)

In the fourth and fifth installments of their long conversation on corporate capitalism and American democracy, Truthdig columnist Chris Hedges and political philosopher Sheldon Wolin discuss the concept of “inverted totalitarianism,” Wolin’s experience as a university professor and the expulsion of unorthodox academics in the postwar United States.

Posted on Oct 30, 2014 READ MORE


Naomi Klein Talks Capitalism and Climate Change With Russell Brand

The author of “This Changes Everything” stops by the “Trews” set to talk to Russell Brand about how the “brutal, dominance-based capitalist system” in place in the West is screwing us all.

Posted on Oct 30, 2014 READ MORE


Can Capitalism and Democracy Coexist? (Parts 1, 2 and 3)

Truthdig columnist Chris Hedges embarks on a long, ranging discussion with political philosopher and former professor of politics at Princeton University Sheldon Wolin on the state of American democracy and the rise of corporate capitalism.

Posted on Oct 25, 2014 READ MORE



Henry Giroux on the Rise of Neoliberalism

We’re talking about an ideology marked by the selling off of public goods to private interests; the attack on social provisions; the rise of the corporate state; the celebration of profit-making as the essence of democracy; and with the utterly reductionist notion that consumption is the only applicable form of citizenship.

Posted on Oct 23, 2014 READ MORE



The Imperative of Revolt

Two leading political philosophers, Sheldon Wolin and John Ralston Saul, explore the corporations’ slow-motion coup d’état and the prospects of financial collapse and revolt.

Posted on Oct 19, 2014 READ MORE



Beyond Orwellian Nightmares and Neoliberal Authoritarianism

Those who fight against neoliberalism must not settle for reforming a system that is as broken as it is dangerous. Any viable, transformative struggle will need a boldly democratic vision; durable, longstanding organizations; and strategies that make politics meaningful.

Posted on Oct 18, 2014 READ MORE


Capitalism Is a ‘Suicide System’

On a recent episode of “The Trews,” comedian Russell Brand sits down with author and activist Daniel Pinchbeck on a white bed to discuss what changes need to come about in order for Earth and humanity to survive.

Posted on Oct 18, 2014 READ MORE



Hysteria Over Ebola Fuels Racism, While the Real Disease Is Capitalism

Western inaction has worsened the crisis in part because there was no money to be made before the disease reached epidemic proportions.

Posted on Oct 16, 2014 READ MORE



Russell Brand on How Capitalism Silences the Inherent Human Desire for Fairness

“I know, I know. I’m rich, I’m famous, I have money, I have had private security on and off for years,” comedian Russell Brand acknowledges in a recent article for The Guardian as he discusses the need to abolish the guard labor that protects the rich. However, he goes on to concede, “There is no doubt that I as much as anyone have to change. Revolution is change.”

Posted on Oct 13, 2014 READ MORE



Truthdigger of the Week: Paul Verhaeghe

The Belgian psychotherapist’s new book considers the impact of 30 years of neoliberal economics on the development of personal identity and cultural character in the West.

Posted on Oct 6, 2014 READ MORE



The Crap Jobs of the ‘On-Demand’ Economy

Companies like the car services Uber and Lyft, which are valued together at $30 billion, are successful only because the economic recovery has created a desperate workforce willing to work for a pittance, Bloomberg columnist Katie Benner writes.

Posted on Oct 3, 2014 READ MORE


Stephen Colbert’s Priceless Interview With Naomi Klein on Capitalism and Climate Change

Even when the “Colbert Report” host calls Naomi Klein a “class traitor,” the journalist laughs it off and gives a stellar explanation of what needs to be done if we want to keep the planet from becoming unrecognizable due to climate change.

Posted on Sep 24, 2014 READ MORE


Chris Hedges: The Coup D’etat Is Over, the Corporations Won

The Truthdig columnist dishes with the libertarians over at ReasonTV about capitalism, from Aristotle to AIG.

Posted on Sep 23, 2014 READ MORE


Russell Brand: Capitalists and Corrupt Media Profit From Denying Climate Change

The “Trews” host challenges his viewers to question who benefits from the denial of global warming and invites everyone to join one of 2,000 climate change marches occurring all over the globe Sunday.

Posted on Sep 20, 2014 READ MORE



Were Top Corporate Executives Really Hogging Workers’ Wages?

Thomas Piketty attributes rising inequality in the U.S. primarily to huge increases in the salaries of CEOs and other top executives, but he misinterprets the evidence. Rising salaries of top executives actually explain very little of the rise in inequality, and they depressed other employees’ pay by only a negligible amount.

Posted on Sep 18, 2014 READ MORE



Sacrificing the Vulnerable, From Gaza to America

The abandonment of Gazans, some of the planet’s most powerless people, illustrates how all who are vulnerable are now routinely sacrificed by our political elites.

Posted on Sep 14, 2014 READ MORE



‘For Cinephiles, Netflix Is Less and Less an Option’

Netflix users seeking rare or less commercially valued titles are finding the company’s streaming and DVD mailer service unequal to their desires, a development that prompts the question of whether technology and free enterprise have led audiences down a dark road to a narrower cultural selection.

Posted on Sep 14, 2014 READ MORE



Remembering Hiroshima in an Age of Neoliberal Barbarism

Once an emancipatory project predicated on the right to study and engage the past critically, history under the reign of neoliberalism has receded into a depoliticizing culture of consumerism, a wholesale attack on science, the glorification of military ideals, an embrace of the punishing state, and a nostalgic invocation of the greatest generation.

Posted on Sep 12, 2014 READ MORE



The Rebirth of Family Capitalism

This is the indigenous romance of American capitalism: The man from nowhere rises out of obscurity to unimaginable heights through the application of disciplined effort, commercial cunning, and a gambler’s sang froid in the face of the unforgiving riskiness of the marketplace. Conversely, 19th century Gilded Age anti-capitalists knew this dark fairy tale as “the Property Beast.”

Posted on Sep 12, 2014 READ MORE



(AP Photo/Steven Senne)

A Market Basket of Dignity

Who knew that one of the best made-for-Labor Day speeches in American history would be delivered by a CEO? And who could have guessed that the summer’s major labor story would not be about a CEO saving the jobs of his workers but about the workers saving the job of their CEO?

Posted on Sep 1, 2014 READ MORE



360b / Shutterstock.com

Should Companies Have to Pay Taxes?

Reading companies’ annual reports to the Securities and Exchange Commission is a reliable cure for insomnia. Every so often, though, there is a significant revelation in the paperwork.

Posted on Aug 29, 2014 READ MORE



Beyond the Spectacle of Neoliberal Violence in the Age of Terrorism

When our inner worlds work under the death-haunted dictates of casino capitalism, the Apocalypse is embraced as if it functioned exclusively as a form of entertainment, rather than providing a warning about the rise of militarism, the killing of civilians, and religious and political fundamentalisms.

Posted on Aug 29, 2014 READ MORE



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


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