capitalism

Federal regulators want to put new limits on late fees.

The term “late capitalism” seems to be everywhere as a trending meme – often used as a kind of shorthand to illustrate the absurdities of certain free market economies. On Twitter, you will find the hashtags #latecapitalism (English), #tardocapitalismo (Italian), #capitalismotardio (Spanish), and #spätkapitalismus (German), among others. Typically, they satirise notions such as the idea of endless growth. The term also pops up in a wide range of academic articles and books. There are, for instance, discussions around the populist rise in late capitalism, the increase in financial-related investments in late capitalism, migration conditions in late capitalism, and so on. But what are the origins of this term? And what, exactly, does it mean?

The post We live in a time of ‘late capitalism’. But what does that mean? appeared first on Progress in Political Economy (PPE).

Enter the office of Big Business Brain, CEO.

A history of company towns.

By Vijay Prashad / Tricontinental: Institute for Social Research Democracy has a dream-like character. It sweeps into the world, carried forward by an immense desire by humans to overcome the barriers of indignity and social suffering. When confronted by hunger or the death of their children, earlier communities might have reflexively blamed nature or divinity, […]

The post It Was the Workers Who Brought Us Democracy, and It Will Be the Workers Who Establish a Deeper Democracy Yet appeared first on scheerpost.com.

By Vijay Prashad / Tricontinental: Institute for Social Research On 8 January, large crowds of people dressed in colours of the Brazilian flag descended on the country’s capital, Brasília. They invaded federal buildings, including the Congress, Supreme Court, and presidential palace, and vandalised public property. The attack, carried out by supporters of former President Jair Bolsonaro, came as no […]

The post When the People Have Nothing More to Eat, They Will Eat the Rich appeared first on scheerpost.com.

The legendary Prof. Harry Glasbeek of Osgoode Hall Law School at York University has penned the following commentary on how the COVID-19 pandemic is revealing and reinforcing the deep flaws in our economic and social order. It ends on a hopeful note: the people will demand better, when the immediate health crisis has passed. Prof. Glasbeek is the author of [...]