capitalism

Individualism and Libertarians Americans are renow —>> read more –>>

Capitalism features a structural drive to create and use external costs to increase profits. Pollution of the earth is the most obvious and visible; there are many others including injuries and death for workers.

Introducing the In Depth series on the actual workings of capitalism. Commentary on economic theories.

Eviction from home is a regular feature of life for the poor and working class, more so for black and brown people. The civil justice system works with the same imbalance of power as the criminal system. Based on the book Evicted by Matthew Desmond.

Adam Smith discussed the harms caused by monopolie —>> read more –>>

Corporate concentration of income and wealth are core features of capitalism. From its earliest cheerleaders like Adam Smith, the drive for corporations to get ever larger and in the doing drive their competitors out of the market was noted and warned against. John Oliver provides a thorough and amusing introduction.

The new digital economy is displaying the same drive to concentration, monopolies and oligopolies, that capitalism has always displayed. Facebook, Google, Amazon, Apple, and Microsoft are just a new face of the predatory monopolists of the Rockefeller Standard Oil age.

UPDATE: IBM does blockchain….Cryptocurrencies and blockchain technologies are subject to the same control by the rich and corporations as our existing financial and business sectors. These technologies are embedded in the socio-economic structures of capitalism. Concentrations of power dominate the existing capitalist world and they will dominate these new “disruptive” technology entrants.

A Note on Jobs & Unemployment Original publica —>> read more –>>

The impact of globalization on the US economy has —>> read more –>>

Trickle-down economics has never worked, yet once again it is being used to justify tax cuts for the rich and corporations. Trump and Republicans are once again using this thoroughly debunked theory to justify tax cuts.

This website casts new light on the delusions of A —>> read more –>>

Keystone Essay What Is Market Capitalism and Why D —>> read more –>>

Every company seeks to get someone else to pay for as many of its costs of doing business as possible. The laws of capitalism require this. If all of Stickles’ competitors are similarly avoiding the costs of disposing of their waste concrete they must do likewise. Otherwise their cost of doing business would be higher. In the short term their profits will be lower. In the longer term they will be forced out of business because they will have to charge higher prices. This is so regardless of the moral values or sense of community of the owners of F.H.Stickles. This how capitalism works.

The title of this short book, only 130 pages, Buil —>> read more –>>

This 2015 movie by Chinese director Liang Zhao is —>> read more –>>

Ever since Ronald Reagan told us in his 1981 Inaug —>> read more –>>

My friend Joe Keenan recently sent me an article b —>> read more –>>

President Reagan was not the originator of this ce —>> read more –>>

Park Avenue puts faces to many of the wealthy and the corporations. Do not for a moment think that if we could just rid ourselves of these avaricious individuals that our problems would be solved.