capitalism

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 [...]

Capitalism is corrupt, but its defenders say it can be regulated to become less savage. History shows that the tendency of power and money to aggregate and be monopolized in fewer hands makes the dream of regulated capitalism impossible.

The post “Regulated Capitalism”: a Fairy Tale first appeared on Ted Rall's Rallblog.

A winter storm, labor, shortages, and outdated computer systems caused Southwest Airlines to cancel thousands of flights over the winter holidays. Travelers reported that other airlines, instead of helping out, raised their prices to take advantage of the situation.

The post Perhaps You Were Unclear on the Meaning of the Term first appeared on Ted Rall's Rallblog.

Academic powerhouse and well-known economist Richard Wolff, joins the "Most Censored News'" Lee Camp to discuss the current decline of the US economy and the rise of a new, more balanced, mutlipolar world.

The post The Rise of The Multipolar World, with Economist Richard Wolff appeared first on MintPress News.

In his recent book, Joseph Henrich argues Western culture exists because the Catholic Church got obsessed with incest. Here's my in-depth review.

The post Weird Consilience: A Review of Joseph Henrich’s ‘The WEIRDest People in the World’ appeared first on Economics from the Top Down.

It is not socialism that explains capitalism, argues Max Weber, it is rather capitalism that explains socialism. And as long as capitalism exists, socialist aspirations will persist: “What characterises our current situation is firstly the fact that the private sector of the economy in conjunction with private bureaucratic organisation and hence with the separation of the worker […]