Tag Archives: capitalism

Declaring Victory Wherever We Can

Declaring Victory Wherever We Can
I’m fond of books that don’t claim to have The Answer but instead are useful guides in our search for answers. Such a volume is Cynthia Kaufman’s Getting Past Capitalism: History, Vision, Hope, which expresses in clear, concise language thoughts that likely have been bumping around in the minds of many of us ... Read more

Capitalism in Long Term Stagnation and Decay

Capitalism in Long Term Stagnation and Decay
Well, there's lots of reasons why the economy is in trouble. I mean, the most obvious one is that when you concentrate all the income at the top, people don't buy. They can't buy enough. They can invest it or they can put it under the mattress or they can put it in stock speculation, but they've got ... Read more

Capitalism Vs. Democracy

Capitalism Vs. Democracy
Thomas Piketty’s new book, “Capital in the Twenty-First Century,”described by one French newspaper as a “a political and theoretical bulldozer,” defies left and right orthodoxy by arguing that worsening inequality is an inevitable outcome of free market capitalism. Piketty, a professor at the Paris School of Economics, ... Read more

Obama’s Address Fails to Look at Roots of Income Inequality

Obama’s Address Fails to Look at Roots of Income Inequality
It's important that we restore the minimum wage. We're not talking about raising it. We're talking about restoring it. Back in the mid '60s, it was almost $11 an hour. And education is certainly very important and too much neglected in this country. We put huge barriers to bright but ... Read more

Understanding the Imperialist System Changed My Life

Understanding the Imperialist System Changed My Life
Mr. Alperovitz tells TRNN Senior Editor Paul Jay, that the Vietnam War made it clear there was no way to a more rational capitalism and there had to be fundamental change. Gar Alperovitz is the Lionel R. Bauman professor of political economy at the University of Maryland and co-founder of ... Read more

“Emerging market bloodbath” as crisis enters new phase

“Emerging market bloodbath” as crisis enters new phase
“An emerging market bloodbath”. That’s how Reuters described the mass sell-off that rattled global financial markets on Thursday and that deepeneddramatically on Friday. Wall Street was down and European markets sank sharply as investors took flight from the periphery on fears that the ... Read more

Is Capitalism Doomed?

By Nouriel Roubini Project Syndicate, August 15, 2011 NEW YORK – The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession. A financial and economic crisis caused by too much private-sector debt and leverage ... Read more

A Third Way: Post Capitalism, Post Socialism

Henry George, Buckminster Fuller and Louis Kelso: Three Architects of a Post-Scarcity Paradigm By Norman G. Kurland, Michael D. Greaney and Dawn K. Brohawn Center for Economic and Social Justice, 1999 Karl Marx, while we disagree with many of his conclusions, should be acknowledged as the most ... Read more