Capitalism

Heart Stents, Tricycles, and an Argument for Consumer Protections (Regulations)

Heart Stents, Tricycles, and an Argument for Consumer Protections (Regulations)

February 21, 2018

Since corporations have reason not to worry about safety and efficacy, we do need the government to represent us. Common sense and ethics suggest that a company establish the safety and efficacy of products and services BEFORE selling them. In a world better balanced to the needs and interests of the vast majority this would be a required step. Heart stents and tricycles are examples of the failings of our current system.


Economy

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

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

January 17, 2018

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.


Capitalism

Ultra-Processed Foods, Conquest of New Markets, Capitalism In Action

Ultra-Processed Foods, Conquest of New Markets, Capitalism In Action

September 18, 2017

Brazil is the newest scene of massive marketing campaigns to replace local food and local diets with ultra-processed industrial foods. This is beginning to repeat the mass experiment in bad eating habits that the US has already experienced for two generations.


Briefly Noted

Recently Noted – about free market capitalism – is capitalism the real problem?

Recently Noted – about free market capitalism – is capitalism the real problem?

July 14, 2017

Capitalism is driven by a single internal logic that requires the transformation of people and nature into commodities to produce profits. This logic is amoral and the system, excepting for external controls by government and social institutions, just churns on.


Capitalism

Dumping Concrete: a law of capitalism In action – a local example

Dumping Concrete: a law of capitalism In action – a local example

May 6, 2017

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.