free-market ideology

Video Post – Externalities – getting somebody else to pay for my production costs – the In Depth Capitalism series

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. —>> read more –>>

evicted press photo
family

Evicted – the book and the exhibition

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. —>> read more –>>

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economy

The Monopolization of America

Adam Smith discussed the harms caused by monopolies in the frequently, ritualistically cited book, The Wealth of Nations. The progressive politics of the end of the 19th century and into the beginning of the 20th —>> read more –>>

F.C. Howe quote about business rules
economy

John Oliver and Monopoly Capitalism

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. —>> read more –>>

economy

The New Digital Monopoly Capitalism

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. —>> read more –>>

eos.io website logo
economy

Recently Noted – the future of bitcoin and blockchain technologies – UPDATED

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. —>> read more –>>