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updated Sat. April 14, 2018

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One of the ironies in the rumbling debate around the crisis of capitalism is that the banking and finance industry so often fails to practice what it preaches. While the industry advocates free market capitalism and extols market discipline, it often tends towards 'rentier capitalism', or extracting profits from ...
What's the history of global capitalism, and how has the United States shaped global economic policy? What caused the financial crisis, and how was it able to send shockwaves throughout the world? And what should we make of trade agreements, particularly with recent statements made by ...
Capitalism triumphed over communism, freedom over tyranny. The early 1990s witnessed a victory roll for markets: economic shock treatment was administered to the former Soviet Union and its satellites; a global free trade deal was wrapped up; and parties of the left got with the programme. They ... jobs
The triumph of neo-fascists like Viktor Orban in Hungary, the rise of far-right parties elsewhere in Europe, increasing trade conflicts with China, and the appeal of our own President Trump have one thing in common: the failure of a naive faith that deeper globalization would spread both liberal capitalism ... democracy global capitalism
When addressing a veteran or active-duty member of the U.S. military, it's common for government officials to begin by thanking them for their service. And when Republicans address an American business tycoon, it's apparently good form to congratulate them on their massive riches before attempting ... Mark Zuckerberg

Capitalism is defined as an economic system in which a country's trade, industry, and profits are controlled by private companies, instead of by the people whose time and labor powers those companies. The United States and many other nations around the world are capitalist countries, but Capitalism is ...
2. Women have played important leadership roles in the history of the CPUSA. Which of the following women was not a leading CPUSA activist? (a) Claudia Jones. (b) Elizabeth Gurley Flynn. (c) Helen Keller. (d) Angela Davis. 3. Marxists have seen the question of women's rights/women's liberation as ...
'Surveillance capitalism' was the term coined in 2015 by Harvard academic Shoshanna Zuboff to describe this large-scale surveillance and modification of human behaviour for profit. It involves predictive analysis of big datasets describing the lives and behaviours of tens or hundreds of millions of people, ...
President Trump's attacks on Chinese trade practices may be garnering the headlines, but underpinning that dispute lies a more consequential struggle, between liberal democracy and state-directed capitalism. Of late, it's a competition in which the Chinese approach has been delivering the more robust ...
I have never written about my views on people who wear Crocs. I also have not written before about how I see the relationship between liberalism and capitalism.Anyone interested in my views on either of these issues should simply ask me. That would help to avoid elementary errors in logic such as those ...
Capitalism, we can safely argue, perpetuates inequalities. People with money will always have an inherent advantage over the poor and uneducated in free-market economies. And since capital grows faster than wages thanks to the power of compound interest, the gap in wealth between the haves and ...
Students walk past a poster featuring a photograph of India's Prime Minister Narendra Modi at an IACM Smart Learn Ltd. learning center in New Delhi, India. Anindito Mukherjee. Share on twitter · Share on Google Plus. by Luke Malpass. In November 2016, India introduced a new term into the lexicon of ...
It's a story about vulture capitalism, and about how 10 years after America's addiction to risky finance — which largely profits Wall Street insiders at the expense of working people — crashed and nearly burned down the global economy, we've done nothing to address the fundamental problems.
The Coalition for Inclusive Capitalism's Embankment project, launched after a meeting of 10 CEOs the week following the Kraft Heinz attempt on Unilever, is trying to come up with new metrics to allow markets to reward long-term value. Terry Slavin reports. In the week after Paul Polman rebuffed a hostile ...
This is a slightly edited version of a talk given at a Workers World Party forum on Feb. 3, titled “Women and the Struggle for Socialism,” in New York City. How could you have not been horrified at hearing woman after woman share their painful experiences of being sexually assaulted by Michigan State ...
Despite McKaiser's genuine concern for redress, his reclaiming of liberalism is ultimately flawed because it does not question capitalism's core logic — the rights, freedoms and power of capitalists to maximise profits on the basis of appropriating the commons through the private ownership of the means of ...

From the start, the United States has embraced the free market, founded as economists and philosophers were developing theories about laissez-faire capitalism. Perhaps one the most famous of those thinkers was Adam Smith — considered by some to be the father of modern economics. Smith coined the ...
Poet Daniel Borzutzky's newest collection, Lake Michigan, out from the University of Pittsburgh Press last month, is his latest in a series that explores the underbelly of government, capital, and the privatizing, punitive regime of neo-liberalism—all the acts of violence that uphold current systems of power but ...
While the most popular answer to the "how would you help the world if you had a time machine?" parlor game is going back to kill baby Hitler, don't sleep on going back to 1962 to stop economist Milton Friedman from publishing Capitalism and Freedom. This series of essays codified his life's work ...
Students in an introductory Political Science course at San Diego Miramar College were recently given an exam featuring questions that openly disparaged both capitalism and referred to the War on Terror as "propaganda." ...
Just a little over a kilometre long, this New York road can lay claim to being the global "headquarters" of market capitalism. Revered as an unmatched repository of capital and financial advice behind a range of innovative services and technologies, it is equally reviled as the site for unconscionably greedy ...
The political network backed by billionaires Charles and David Koch isn't happy about the steel and aluminum tariffs proposed by President Donald Trump and is mobilizing grass-roots activists in 36 states against them. “The tariffs are, in many ways, crony capitalism,” James Davis, the network's top ...
At the time I was also lucky enough to work in Europe and Asia, and it was there I became exposed to another form of capitalism, one where long-term shareholders consider themselves more like stakeholders. The distinction between shareholder and stakeholder is simple but very powerful, and it has a ...
In his highly influential 1962 collection of essays, "Capitalism and Freedom," Friedman proclaimed that in a free economy, "there is one and only one social responsibility of business — to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, ...
The writer asked, “does capitalism or socialism reflect Christ's teachings?” A bit of research in the Bible would show that the Bible supports capitalism from cover to cover. God granted men land and possession. With this grant God expected the men to increase their wealth. The Parable of the Bags of Gold ...
That is the individualist code of Western capitalism, as it was preached by the philosopher Adam Smith (1723-1790), the father of free-market economics. It is Smith himself (portrayed with beaming complacency by Daniel Davis) who narrates Jim's tale, with a shrug-of-the-shoulders omniscience that befits a ...
Back in 1930 the economist John Maynard Keynes predicted that growth would end within a century – but he was unclear whether a post-growth capitalism was really possible. Today, mainstream economic thinking still considers growth to be a vital policy objective – essential to the health of a capitalist ...
A hundred years ago, the United States adopted daylight savings time in order to extract more profit from labor. How would we organize time differently if we were free from the demands of capitalism? A Sunday on La Grande Jatte, George Seurat, 1884. Wikimedia Commons. Our new issue, “The Health of ...
Back in 1930 the economist John Maynard Keynes predicted that growth would end within a century – but he was unclear whether a post-growth capitalism was really possible. Today, mainstream economic thinking still considers growth to be a vital policy objective – essential to the health of a capitalist ...
When Spotify "went public" last week, it did so in name only, eschewing the usual fanfare of ringing the opening bell at the NYSE and most of the conventions of an IPO. While the price exceeded expectations in the early hours of trading--the most customary measure of success--CEO Daniel Ek ...
In capitalism, practiced in Denmark, Norway, Sweden, Germany and the U.S., the businesses are owned by private entities. They decide what to produce, what quantities and what sizes. The price is determined in the open marketplace. If people don't like the product, they don't buy it and the company ... socialism
The term “left” now seems to imply support for the ideology of green, liberal, global capitalism. The term “right” now denotes nationalistic capitalism, with resistance to the global capitalist plans for free movement of commodities and labour. The qualifications “green” and “liberal” before the term “global ... socialism
IN THE MONTHS following the election of Donald J. Trump as president, momentum gathered to unite anti-racist and anti-poverty advocacy in the resurrection of the Poor People's Campaign — an effort Martin Luther King Jr. was beginning at the time of his death in 1968. Organizers bill the campaign as ... socialism
From the time of the crash of 2008, I have been among the voices that warned of a prolonged recession (I called it New Depression) which global capitalism would not climb out of for a protracted period. Though not as serious as the Great Depression of the 1930s, thanks to new recession fighting tools ... socialism
Capitalism proposes that unregulated competition for profit, and the consequent private accumulations of wealth, will inevitably produce a safer and ever-more enjoyable life for all of us who work within the system. In fact, universal human fulfillment is no more inevitable under capitalism than was Marx's ... socialism
My favorite fact about Donald Trump is that, according to most calculations, he'd almost certainly be richer today if he'd taken the money he inherited from his father in the 1970s, invested all of it in the stock market index and done nothing else. Just think: No branded high-rises, no steaks, no golf courses, ... socialism
The word “capitalism” wouldn't exist until the next century. Smith legitimized the free market system and gave it moral standing in modern society. His “invisible hand” that guided self-interest in a free market freed participants from guilt from exercising their self-interest. Individuals in a capitalist society no ... socialism
The decline of trade unions across the developed nations is nothing new. In the United States, the proportion of workers in unions fell from a high of 35% in 1954, mostly in the private sector, to 11% in 2016 with nearly half in the public sector. Union density in the UK fell from a high of 55% in 1979 to 25% in ... socialism
This statement, often incorrectly attributed to Winston Churchill, may indeed convey a truth. In any event, it no doubt partially explains a recent Harvard University Institute for Politics survey that found only 42 percent of young Americans said they support capitalism. Only 19 percent of millennials, those born ... socialism
Too many corporate executives have forgotten the principle of enlightened self-interest. But rather than wait around for CEOs to see that healthy societies are essential to their firms' own long-term success, policymakers should start imposing costs on companies that free-ride on public and social goods. socialism
The first year of Donald Trump's presidency was a historically great one for the stock market. This made a certain kind of intuitive sense given the people the real estate scion surrounded himself with—Wall Street profiteers, politicians accused of trading campaign donations for policy, since-convicted felons. socialism
“Unfettered capitalism” as dawning in America is best described as capitalism released. Capitalism is condemned because it leads to the rich getting richer. Let's understand something: capitalism produces wealth, both for individuals and corporations. Capitalism drives the stock market, which brings wealth ... socialism
Capitalism presents a problem because of its underlying presumption of selfishness. If you've been laid off from your job, you know that someone has made a decision that favors him or herself over you. We see this as the natural order - social Darwinism. But such an assumption of selfishness is obviously ... socialism
It's a quietly chilling scene made all the more tense when Andrew plays it off like nothing to Ronnie, but it's also an insight into one of the show's more intriguing thematic explorations: the violence of capitalism and its effect on our identity. In the early episodes especially, the show seems to revel in the ... socialism
During last night's Super Bowl, Dodge aired a commercial that used an excerpt of a powerful Martin Luther King Jr. speech over images of working Americans to, you know, sell trucks. Official Ram Trucks Super Bowl Commercial | Dr. Martin Luther King, Jr. | Built to Serve. Info. Shopping. Tap to unmute. socialism
Modern Capitalism arose in the expanding merchant trade of the 16th and 17th centuries. Capitalism grew rapidly in the late 1700s, driven by the Industrial Revolution and the rapid expansion of manufacturing and mining and the resulting transportation needs for moving large quantities of raw materials ... socialism
... of roughly 13 million copies of the complete works of Shakespeare. The velocity and the volume of global communication aren't the only things that have changed. So has its economic significance. Telegrams were useful for businessmen. But data is nothing less than the lifeblood of global capitalism. socialism
Our most fearsome technological monster is the system of capitalism dominated by Wall Street. “The true effect of “trickle-down economics,” he writes, “is the way that the ideal of maximizing profit, not shared prosperity, has metastasized from financial markets and so shapes our entire society….It is this ... socialism
Ted Turner at his 113,613-acre Flying D Ranch southwest of Bozeman, Montana. More than a quarter century ago, Turner put a conservation easement on the ranch through The Nature Conservancy that, at the time, ranked as one of the largest ever. Had Turner not protected the ranch, which provides ... socialism


 

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