Category Archives: Capitalism

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Companies Can Either Make Things Or Make CEOs Rich

Companies Can Either Make Things Or Make CEOs Rich
Above Photo: Funny Solution Studio / Shutterstock Making breakthroughs for consumers is hard, companies have found. But making fortunes for CEOs is easy. Jeff Immelt, the CEO of General Electric since 2001, is retiring. The 61-year-old will be making a well-compensated exit. Fortune magazine estimates that Immelt will walk off with nearly $211 million, on top of his regular annual pay. Immelt’s annual pay hasn’t been too shabby either. He ... Read more

Now Just Five Men Own Almost As Much Wealth As Half Of World’s Population

Now Just Five Men Own Almost As Much Wealth As Half Of World’s Population
Above Photo: It’s not a meritocracy. It’s an oligarchy. (Photo: Pixabay/CC0) Last year it was 8 men, then down to 6, and now almost 5. While Americans fixate on Trump, the super-rich are absconding with our wealth, and the plague of inequality continues to grow. An analysis of 2016 data found that the poorest five deciles of the world population own about $410 billion in total wealth. As of 06/08/17, the world’s richest five men owned over ... Read more

Turning Capital Against Capitalism

Turning Capital Against Capitalism
Above Photo: Aaron Tanaka is part of a growing movement to build a solidarity economy in Boston. (Photo courtesy of Aaron Tanaka) Experiments in funding an equitable economy. One ongoing challenge is to get funding without compromising on principle. The Boston region has one of the nation’s most thriving economies, with job growth above the national average, thanks in large part to the academic and healthcare sectors. But the benefits are ... Read more

Build And Fight: The Program And Strategy Of Cooperation Jackson

Build And Fight: The Program And Strategy Of Cooperation Jackson
Above Photo: From atlantablackstar.com The fundamental program and strategy of Cooperation Jackson is anchored in the vision and macro-strategy of the Jackson-Kush Plan. The Jackson-Kush Plan, as you will read later in this book, was formulated by the New Afrikan People’s Organization (NAPO) and the Malcolm X Grassroots Movement (MXGM) between 2004 and 2010, to advance the development of the New Afrikan Independence Movement and hasten the ... Read more

Whole Foods Represents The Failures Of ‘Conscious Capitalism’

Whole Foods Represents The Failures Of ‘Conscious Capitalism’
Above Photo:  People exit a Whole Foods Market in New York. Photograph: Shannon Stapleton/Reuters It’s hard to think of a better poster child for “conscious capitalism” than Whole Foods Market, the high-end grocery store that made a name for itself selling organic produce in feel-good, mood-lit stores. These days, the chain is floundering and a potential buyout is on the horizon. What does that say about the conscious capitalism it ... Read more