Category Archives: Capitalism

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How Capitalist Central Banks Have Been Creating The Next Financial Crisis

How Capitalist Central Banks Have Been Creating The Next Financial Crisis
Above Photo: Jonny White/flickr/CC As central bankers, finance ministers, and government policy makers head off to their annual gathering at Jackson Hole, Wyoming, this August, 24-26, 2017, the key topic is whether the leading central banks in North America and Europe will continue to raise interest rates this year; another topic high on the agenda is when the three major central banks – the Federal Reserve, European Central Bank and Bank of ... Read more

Wells Fargo’s Lyin’ Cheatin’ Ways: Banking With A Sociopathic Institution

Wells Fargo’s Lyin’ Cheatin’ Ways: Banking With A Sociopathic Institution
Above Photo: From Occupy.com …And How To Let Go Are you facing serial cheating, abuse, lies, ongoing stress about money, issues of fidelity, questions about your future and are at a loss as to where to turn? Do you often feel angry, taken advantage of, less than, a voiceless victim? Did you put your trust and your nest egg, your faith and your money on someone or something that took you for all you’re worth, jilted your faith in the ... Read more

Activist Investors Must Disrupt Corporate Business As Usual

Activist Investors Must Disrupt Corporate Business As Usual
Above Photo: Shironosov / iStock / Getty Images Plus Once known by terms like “asset strippers” or “corporate raiders,” activist investors — shareholders who take large stakes in a company and pressure or replace its management in order to raise share prices — have now entered the mainstream and are spreading like wildfire. Hundreds of companies are being singled out by activist investors, who are hungrily adding European firms to their ... Read more

Fighting Inequality: Which Nations Do More Than Pay Lip Service?

Fighting Inequality: Which Nations Do More Than Pay Lip Service?
Above Photo: From inequality.org Two global groups have joined to create a first-ever yardstick for holding our world’s top politicos accountable, nation by nation, for narrowing our grand divides. Two years ago, in 2015, just about all the nations in the world came together and agreed to make reducing inequality — the gap between rich and poor — a prime United Nations “sustainable development goal.” A noble gesture. But UN groups make noble ... Read more

Our Obsolescent Economy

Our Obsolescent Economy
Above Photo: From localfutures.org A friend of mine from India tells a story about driving an old Volkswagen beetle from California to Virginia during his first year in the United States. In a freak ice storm in Texas he skidded off the road, leaving his car with a cracked windshield and badly dented doors and fenders. When he reached Virginia he took the car to a body shop for a repair estimate. The proprietor took one look at it and said, ... Read more

Fortress World Of Capitalism vs. Beautiful Possibilities Of Cooperation

Fortress World Of Capitalism vs. Beautiful Possibilities Of Cooperation
Above photo: Those arguing for the emergence of non-capitalist alternatives have gravitated to the term “solidarity economy” to describe the non-capitalist economic initiatives that are emerging, and it seems that “platform cooperativism” is a good term for those technologically mediated forms of solidarity economy that serve human needs and help build a sustainable future. (Photo: Japo García/flickr) Building a sustainable world in these ... Read more

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