Top Leaderboard, Site wide
Left Masthead
October 4, 2015
Truthdig: Drilling Beneath the Headlines
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Truthdig Bazaar more items


Tag: Capitalism

Donald Trump Proves What’s Wrong With Bankruptcy Laws in America

Bankruptcy was designed so people could start over. But these days, the only ones starting over are big corporations, wealthy moguls and Wall Street bankers, who have had enough political clout to shape bankruptcy laws (like many other laws) to their needs.

Posted on Oct 4, 2015 READ MORE

Bubbles Always Burst: The Education of an Economist

To learn about the topics that interested me most as a young economist, I had to leave university and go to work for banks.

Posted on Sep 30, 2015 READ MORE

VIDEO: Why We Must End ‘Upward Pre-Distributions’ to the Rich

You often hear that inequality has widened because globalization and technological change have made most people less competitive while making the best-educated more competitive. But this common explanation overlooks a critically important phenomenon.

Posted on Sep 28, 2015 READ MORE

Big Tech May Be Getting Way Too Big—Here’s Why

In this new Gilded Age, Big Tech—along with Big Pharma, giant health insurance companies, Big Agriculture and the largest banks on Wall Street—is dominating our economy and our politics.

Posted on Sep 27, 2015 READ MORE

Truthdiggers of the Week: All Those Who Piled on Martin Shkreli

The drug company CEO who announced a 5,000 percent increase in the price of a lifesaving drug was forced to back down after Twitter users, the industry and others exploded in outrage. We have three words for these sometimes rude commenters: Good for you.

Posted on Sep 26, 2015 READ MORE

What Marx Was Really Saying

To grasp the work of the groundbreaking economist and philosopher, we have to go beyond his image and do more than just intuit what is right in his work.

Posted on Sep 23, 2015 READ MORE

Enough of This Nonsense About Steve Jobs Being an Artist

The triumph of Steve Jobs, Apple and tech in general was ushering in a new language of business. The iPhone is not a hand-held computer; it is an “extension of oneself.” And Jobs and his disciples are not merely businessmen and technicians but also “poets and artists.”

Posted on Sep 21, 2015 READ MORE

The Far Left Needs to Relax a Little and Support Bernie Sanders

Sanders’ leftist critics can fantasize that they are doing humanity a great service by scoffing at his campaign, but who is making greater strides toward triggering the mass enlightenment that is key to empowering the oppressed?

Posted on Sep 19, 2015 READ MORE

Paid For

Posted on Sep 18, 2015 READ MORE

Paid For

Rachel Moran, who spent seven years as a prostituted woman, explains in a book that is both excruciating memoir and brilliant political analysis, the real price that prostitution extracts from women turned into commodities under patriarchal capitalism.

Posted on Sep 18, 2015 READ MORE

Political Frauds and the Ghost of Totalitarianism

Calling Donald Trump a fascist is not enough. We need deeper analyses to reveal the seeds of totalitarianism in his discourse and policy measures.

Posted on Sep 16, 2015 READ MORE

VIDEO: Tide To Go Ad Has a Little Clean Fun at Kim Davis’ Expense

Well, that was fast. Director Mark Nickelsburg has made mirth out of cultural conflict by spoofing the controversy over Kentucky County Clerk Kim Davis’ recent refusal to issue gay marriage licenses.

Posted on Sep 15, 2015 READ MORE

What Happened to the Moral Center of American Capitalism?

An economy depends fundamentally on public morality, some shared standards about what sorts of activities are impermissible because they so fundamentally violate trust that they threaten to undermine the social fabric.

Posted on Sep 7, 2015 READ MORE

Charity Is No Substitute for Revolutionary Activism

The cardinal sin of many charities is their exoneration of capitalism and capitalists—people who “make it their business to control what others need for life and a minimum standard of living”—of responsibility for the suffering that charities and their supporters seek to alleviate, writes philosopher Mathew Snow at Jacobin magazine.

Posted on Aug 26, 2015 READ MORE

How $1.8 Billion in Aid to Ukraine Was Funneled to International Finance

Thanks to the investigative work of the Ukrainian anti-corruption watchdog group Nashi Groshi (Our Money), the process by which $1.8 billion “was smoothly maneuvered offshore” to unnamed accounts in Belize, the British Virgin Islands and “other outposts of the international financial galaxy” is plainly visible.

Posted on Aug 20, 2015 READ MORE

Amnesty International: Protecting the ‘Human Rights’ of Johns, Pimps and Human Traffickers

The group’s call for prostitution decriminalization is another in a long line of triumphs for heartless neoliberal economics and capitalism’s grotesque commodification of human beings.

Posted on Aug 16, 2015 READ MORE

VIDEO: Noam Chomsky: Capitalism in Most Forms Is Inconsistent With Democracy

The renowned linguist and activist explains the only way that capitalism could be compatible with democracy.

Posted on Aug 11, 2015 READ MORE

Schools as Punishing Factories: The Handcuffing of Public Education

If one important measure of a democracy is how a society treats its children—especially children of color, poor and working-class youth, and those with disabilities—there can be little doubt that the United States is failing.

Posted on Aug 6, 2015 READ MORE

The Greek Coup: Liquidity as a Weapon of Coercion

In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.

Posted on Aug 2, 2015 READ MORE

WATCH: Chris Hedges: ‘Marx: The System Is the Problem’

In a lecture given at the Left Forum in New York City this spring, Truthdig columnist Chris Hedges limned the historic critique made by capitalism’s “most prescient and significant” observer.

Posted on Jul 30, 2015 READ MORE

International Monetary Fund Warns of Bad Outlook for the Eurozone

The international financial organization has warned of economic trouble ahead for the eurozone as worry over Greece lingers, unemployment remains high and the banking sector struggles to shake off the residue of the financial crisis.

Posted on Jul 27, 2015 READ MORE

Welcome to the Post-Capitalist Era

Could it be that while we were caught up in crisis after crisis, we somehow missed the end of capitalism as we know it?

Posted on Jul 22, 2015 READ MORE

Employment in the ‘Gig Economy’ Is Precarious and Fraught With Anxiety

Even before the founding of the transportation company Uber in 2009, “the United States economy was rapidly becoming an Uber economy writ large, with tens of millions of Americans involved in some form of freelancing, contracting, temping or outsourcing,” reports The New York Times.

Posted on Jul 13, 2015 READ MORE

In Paraguay, Pope Francis Continues Historic Critique of Global Capitalism

“The Argentine pope seemed to be asking for a social revolution,” wrote The New York Times on Friday as Pope Francis’ Latin American tour, featuring “left-leaning critiques” of “the inequalities of capitalism” and of “a ‘new colonialism’ rooted in an inequitable economic order,” approached its end.

Posted on Jul 12, 2015 READ MORE

Why the Greek Victory Inspires Us

While Greece is not the first country to defy the IMF’s prescriptions, it is uniquely poised to underscore, once and for all, capitalism’s incompatibility with democracy.

Posted on Jul 9, 2015 READ MORE

Are We Heading for Another Stock Market Crash?

“The signs are ominous,” writes financial journalist Suzanne McGee. Ultimately, we “will need to get accustomed to higher market volatility, of the kind that we saw yesterday.”

Posted on Jul 9, 2015 READ MORE

The Greek Crisis Marks ‘the Beginning of the Collapse of Capitalism’

Missing from the mainstream debate over the Greek economic crisis is “the damaging role that the endless quest for economic growth plays,” writes journalist Jennifer Hinton at The Guardian.

Posted on Jul 8, 2015 READ MORE

A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World

Pope Francis’ revolutionary encyclical addresses not just climate change but the banking crisis. Interestingly, the solution to that crisis may have been modeled in the Middle Ages by Franciscan monks following the saint from whom the pope took his name.

Posted on Jul 5, 2015 READ MORE

Puerto Rico Is Emptying of People as Its Economy Disintegrates

As Puerto Rico begins to ration water, close schools and lose its health care system under the weight of a $73 billion debt, tens of thousands of its inhabitants are fleeing to the United States, where prospects of finding a better life are dim.

Posted on Jul 3, 2015 READ MORE

America’s Slave Empire

The only way brutality and economic exploitation in prisons can be halted is by attacking the system of neoslavery that defines our prison system. Alabama prisoners are leading a call for work stoppages in an effort to break the U.S. system of mass incarceration.

Posted on Jun 21, 2015 READ MORE

Pope Francis Issues Major Call to Rescue a Planet in Crisis

In a close reading of the first papal encyclical focused exclusively on the global ecological crisis, The New York Times finds the head of the Catholic Church calling on leaders and people from all cultures to act to protect the world’s ecosystems and the disadvantaged from predatory and shortsighted political and economic systems.

Posted on Jun 18, 2015 READ MORE

FCC Wants to Fine AT&T $100 Million for Throttling Data Speeds

So much for “unlimited” data. The Federal Communications Commission on Wednesday announced that it plans to order AT&T to pay $100 million for some sneaky business the telecom giant engaged in with regard to its supposedly unfettered data plans.

Posted on Jun 17, 2015 READ MORE

‘Fast Track’ Would Hand the Money Monopoly to Private Banks—Permanently

If successful, the rush to “fast track” a trio of controversial trade deals would nip attempts to implement public banking and other monetary reforms in the bud.

Posted on Jun 13, 2015 READ MORE

Why Organic Farmers Are Angry With Whole Foods

The chain’s latest move is another strike against its holier-than-thou image.

Posted on Jun 12, 2015 READ MORE

What We Know (and Don’t Know) About This Year’s Bilderberg Meeting

What could possibly be sinister about leaders of the world’s most powerful companies and countries meeting in closed sessions on an Austrian mountaintop to discuss global strategy?

Posted on Jun 11, 2015 READ MORE

Flipping the Script: Rethinking Working-Class Resistance

I came alive as a youth when I realized that what the ruling class called my deficits were actually my strengths: a sense of solidarity, compassion, a merging of the mind and the body, a willingness to learn and take risks, embracing passion, connecting knowledge to power, being attentive to the injuries of others and embracing a sense of social justice.

Posted on Jun 11, 2015 READ MORE

Cartier Boss Says Thought of the Poor Rising Up Keeps Him ‘Awake at Night’

The multibillionaire owner of the luxury jewelry company admitted to a group of his peers that he fears the poor will rise up and bring down the rich.

Posted on Jun 10, 2015 READ MORE

A Magical Mystery Tour of American Austerity Politics

Numerous cities and school districts in Michigan are now run by single, state-appointed technocrats. This arrangement not only strips residents of their local voting rights but also gives appointees of the state’s austerity-promoting governor the power to do just about anything, including dissolve the cities themselves, all in the name of “fiscal responsibility.”

Posted on Jun 10, 2015 READ MORE

VIDEO: Meet the Spanish Occupy Activist Who Became Mayor of Barcelona

Longtime anti-eviction activist Ada Colau recently became the first female mayor of Barcelona, Spain. She has vowed to fine banks, stop evictions, expand public housing, improve wages, force utility companies to lower their prices and slash the mayoral salary. She tells “Democracy Now!” about her victory and her plans for her city and her country.

Posted on Jun 5, 2015 READ MORE

Karl Marx Was Right

The economist and philosopher foresaw that capitalism had built within it the seeds of its own destruction, that the greed of a tiny elite would eventually bring down the system. The final stages that he predicted are visible all around us now.

Posted on May 31, 2015 READ MORE

The Worst of All Possible Worlds: Why Global Society Is Becoming the Un-Sweden

We might all be eating off of IKEA tableware, listening to Spotify and reading the latest “Girl With the Dragon Tattoo” knockoff, but we are not living in a giant Sweden. Forget about the “new industrial state.” Our world is converging in a far more dystopian way.

Posted on May 27, 2015 READ MORE

Our Mania for Hope Is a Curse

Our corporate masters know that our obsession with hope—the irrational belief we are headed toward some glorious future—causes us to ignore reality and remain disempowered. And this is why they peddle the myth of inevitable progress across the cultural and political spectrum.

Posted on May 24, 2015 READ MORE

An Exclusive Excerpt From ‘Trade Is War’

In his new book, subtitled “The West’s War Against the World,” international trade expert Yash Tandon challenges the notion that free trade helps countries develop. Instead, he finds, it often fosters poverty and violence.

Posted on May 22, 2015 READ MORE

If Trade Is War, It’s Time We Fought Back

For decades we have heard that free trade would result in prosperity for all. But in fact, the rich have gotten richer, the poor poorer, and the planet has been thrown into peril.

Posted on May 21, 2015 READ MORE

VIDEO: Chris Hedges: ‘A Look at What It Takes to Rebel’

At The Sanctuary for Independent Media in Troy, N.Y., Truthdig columnist Chris Hedges spoke about how his new book, “Wages of Rebellion,” differs from his previous works.

Posted on May 20, 2015 READ MORE

AUDIO: ‘The Amazon Is Not for Sale’: a Poem About the Destruction of the Environment for Profit

L.E. Goldstein’s lyrical lines fill the imagination with the beauty of an area that is quickly becoming one of the many casualties of a world overrun with capitalist greed and corruption.

Posted on May 13, 2015 READ MORE

AUDIO: What Does Chris Hedges Really Want From Us? (Updated)

In advance of the May 12 release of Truthdig columnist Chris Hedges’ new book, “Wages of Rebellion,” Truthdig Editor-in-Chief Robert Scheer asks Hedges what he’s really asking people to do when he urges them to revolt. Update: Transcript added.

Posted on May 9, 2015 READ MORE

John Oliver: Trendy Clothes Are So Cheap We Don’t Care About the Exploited People Who Make Them

“Fast-fashion” retailers H&M, Zara and Forever 21 have exploited desperately impoverished people around the world to make trendy clothing “cheaper than ever, and cheap clothing is trendier than ever,” says John Oliver, host of HBO’s “Last Week Tonight.”

Posted on Apr 27, 2015 READ MORE

Truthdigger of the Week: Gravity Payments CEO Dan Price

This American capitalist is doing the almost unheard-of: slashing his own pay and giving his employees raises big enough to allow them and their families to enjoy life.

Posted on Apr 25, 2015 READ MORE

Anti-Sovereignty Trans-Pacific Partnership Passes House Committee

An agreement that would free companies engaged in international trade from rules intended to protect labor, environmental and other interests cleared a key committee in the U.S. Congress.

Posted on Apr 24, 2015 READ MORE

View older articles:  1 2 3 >  Last »

View the most popular tags overall?

View all tags?

Right 1, Site wide - BlogAds Premium
Right Skyscraper, Site Wide
Right Internal Skyscraper, Site wide
Right 2, Site wide - Blogads
Join the Liberal Blog Advertising Network