Tag Archives: capitalism

Beyond Income Inequality

Judging by the mainstream media, the most pressing problems facing capitalism are 1) income inequality, the basis of Thomas Piketty’s bestsellerCapital in the Twenty First Century, and 2) the failure of laissez-faire markets to regulate their excesses, a common critique … Continue reading

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Replace Our Sick Narcotics Policies

Eric Zuesse Existing narcotics policies lock-up addicts, punish them, instead of deal with the problem, which is the explosion of burglaries and robberies that are produced by addicts. Those thefts are resulting actually from the inflated, black-market, price that addicts … Continue reading

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Gallup Finds Americans Are Ideological Suckers About Healthcare

Eric Zuesse Gallup headlined on November 23rd, “In U.S., 51% Say Government Should Ensure Healthcare Coverage,” and reported that, when asked “Do you think it is the responsibility of the federal government to make sure all Americans have healthcare coverage, or is … Continue reading

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When Capitalism Turns to Cannibalism

With authentic growth scarce, there’s no other way to reap huge profits but cannibalism. When people say “capitalism has failed” or “capitalism has succeeded,” we have to ask: what type of capitalism do you mean? Authentic capitalism, in which capital … Continue reading

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Innovate or Die

Collaboration, innovation and risk are all intrinsic to adaptation. Without adaptation, every system eventually perishes once conditions change. One feature of capitalism that is rarely discussed is the premium placed on cooperation and collaboration. The Darwinian aspect of competition is … Continue reading

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China and the Dragon Tail of Marx

The dragon tail of Marx’s end-game of overcapacity and finance capital is about to shred China’s fantasy that the state can micro-manage both capitalism and financialization with no contradictions or consequences. Longtime readers know my one expertise is annoying the … Continue reading

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Nobody Wins Elections Promising to Trim Waste/Fraud and Simplify Regulations

The problem in representative democracy is that every instance of waste, graft, fraud and monopolistic racket is somebody’s fat paycheck or government contract. Promising good governance guarantees a losing campaign for public office. The central irony of representative democracy is similar … Continue reading

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A Critique of Piketty’s Solution to Widening Wealth Inequality

The real problem with Piketty’s taxation/social welfare solution to wealth inequality is that it does nothing to change the source of systemic inequality, debt-based neofeudalism and neocolonialism. Those of us concerned by widening wealth/income inequality have been following the work … Continue reading

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The Alienation of Work

The emerging economy is opening up new ways to reconnect workers to their work and the profits from their work. One of the most striking blind spots in our collective angst over the lack of jobs is our apparent disinterest … Continue reading

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