Madness is doing the exact same thing over and over again and expecting different results. (SLBP)
posted by vivelame on Jul 9, 2009 - 29 comments

"The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." [more inside]
posted by philip-random on Jul 6, 2009 - 70 comments

Prelude to Federation - Like a neocolonial SEZ (or TAZ) Paul Romer, not to be confused with David, posits "less developed countries contract with capitalist nations to set up Hong Kong's for them... that we rethink sovereignty (respect borders, but maybe import administrative control); rethink citizenship (support residency, but maybe import voice in political affairs); and rethink scale (instead of focusing on nations, focus on cities—on city states like Hong Kong and Singapore)." cf. neocameralism [1, 2, 3] [more inside]
posted by kliuless on May 21, 2009 - 16 comments

Protests against today's G20 summit in the UK turn predictably bloody. The main financial hub, the City, is closed off as a retail bank is broken into and dismantled. Another street, in contrast, is taken over and turned into an encampment.
posted by mippy on Apr 1, 2009 - 192 comments

Now is the time for a less selfish capitalism - "we should stop the worship of money and create a more humane society where the quality of human experience is the criterion... accelerated economic growth is not a goal for which we should make large sacrifices." Lord Layard challenges the orthodoxy; perhaps it's time to rein in the banks and try trickle-up bailouts? btw Richard Layard's 2003 LSE happiness lectures I think were pretty influential in reorienting economics back towards a more 'utility-based' approach in recent years, cf. Giddens on 'third way' politics re: Blair, New Labour and now Brown, viz. "to build tomorrow today..." [more inside]
posted by kliuless on Mar 15, 2009 - 14 comments

"For me, capitalism has never been an abstract concept. It is a real, concrete part of everyday life." President of Brazil, Luiz Inácio Lula da Silva, on the future of capitalism.
posted by geoff. on Mar 11, 2009 - 43 comments

What is the future of capitalism?
a) 3.0
b) Canada* ([1],[2])
c) 'smart growth' (viz.)
d) none of the above** [more inside]
posted by kliuless on Feb 15, 2009 - 86 comments

Tragedy of the anti-commons is the opposite of tragedy of the commons - it's when too many owners create grid-lock, nothing can get accomplished. It exists everywhere from copyright law, tech patents, music industry, airport runway expansion, medicine, etc.. it is pervasive across all aspects of modern capitalist societies. The concept was coined by Professor Michael Heller who published a book in 2008 called The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives. In an excellent Authors@Google video, Michael Heller explains what it is and how it undermines capitalism, in particular over the past 30 years with increased privatization.
posted by stbalbach on Feb 10, 2009 - 55 comments

Circuit City: Founded in 1949 as the Wards Company, Circuit City is headquartered in Richmond, Virginia. At the time of the liquidation announcement (January 16, 2009), the company operated 567 stores in 153 media. Ok bai.
posted by hypersloth on Jan 16, 2009 - 72 comments

Adam Smith in Beijing Embedded Flash film 1hr59mins "Is US power in decline? What are we to make of the rise of China? Will a possible equalization of North-South relations herald a more brutal capitalism or a better world? Giovanni Arrighi, Joel Andreas, and David Harvey give their perspectives in this forum, for a discussion of Arrighi's 2007 book Adam Smith in Beijing. The event, filmed in Baltimore, MD, in March of 2008, was organized by the Red Emma's collective."
posted by Abiezer on Nov 9, 2008 - 10 comments

In 1943, while the Allies were busy battling the Axis Powers and the Nazi Regime, there was another kind of war that was being waged against a helpless populace (living on the Indian Sub-continent). A war that has been largely ignored by the mass media and the history books of our time. It is known as the Great Bengal Famine, and ended up causing the death of an estimated 1.5 million to 4 million people.
posted by hadjiboy on Aug 30, 2008 - 34 comments

"Like the dotcom bubble, the disaster bubble is inflating in an ad-hoc and chaotic fashion." Journalist Naomi Klein discusses how corporations and governments are working together more closely than ever, using the mandate of catastrophe — whether natural or man-made — to further concentrate power in fewer hands, with less oversight: from illegal sales of American police technology to China to avert hypothetical tragedies during the Beijing Olympics, to the privatization of water supplies in post-tsunami Sri Lanka.
posted by Blazecock Pileon on Aug 17, 2008 - 50 comments

The black backs by and on which the fortunes of the New South were built:

On March 30, 1908, Green Cottenham was arrested by the sheriff of Shelby County, Alabama, and charged with “vagrancy.”... Cottenham’s offense was blackness.... [After a brief trial] Cottenham... was sold. Under a standing arrangement between the county and a vast subsidiary of the industrial titan of the North — U.S. Steel Corporation — the sheriff turned the young man over to the company for the duration of his sentence.... he was chained inside a long wooden barrack at night and required to spend nearly every waking hour digging and loading coal. His required daily “task” was to remove eight tons of coal from the mine. Cottenham was subject to the whip for failure to dig the requisite amount, at risk of physical torture for disobedience, and vulnerable to the sexual predations of other miners.... Forty-five years after President Abraham Lincoln’s Emancipation Proclamation freeing American slaves, Green Cottenham and more than a thousand other black men toiled under the lash at Slope 12.

— from the Introduction to Slavery by Another Name: The Re-Enslavement of Black People in America from the Civil War to World War II. The book's website includes reviews of the book, an excerpt of the Introduction, and an extensive photo gallery that includes disturbing images of enslaved and tortured prisoners. [more inside]
posted by orthogonality on Jun 21, 2008 - 94 comments

Kiki and Bubu! Austrian art collective monochrom presents the adventures of two sock puppets. Part One: Kiki and Bubu and The Shift. "Bubu wants to know why his dad is busy all the time. And Kiki explains him why... because of the neoliberal shift." Part Two: Kiki and Bubu and The Privilege. "Bubu ran into a bunch of liberals and they gave him a book. They said if he doesn't read it, they're going to beat him up. But Bubu can't read! And so Kiki helps..." [Via BB]
posted by homunculus on Jun 7, 2008 - 6 comments

"Žižek!" is a feature documentary exploring the eccentric personality and esoteric work of the "wild man of theory": the eminent Slovenian philosopher Slavoj Žižek. Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. [more inside]
posted by homunculus on May 12, 2008 - 18 comments

I asked Nathan Myhrvold, C.E.O. of Intellectual Ventures and widely considered to be one of the smartest people in technology, if he is brilliant. "If you put yourself in that camp, you might be correct," he teased. "But then, you're also an asshole." The Brilliant Issue profiles Porfolio's picks for best game-changers, upstarts, rebels, connectors and other influencers. [more inside]
posted by Non Prosequitur on May 2, 2008 - 10 comments

Only China can destroy socialism. Qin Hui, one of the country's most important public intellectuals, argues "China's rampant state-dominated, welfare-lite capitalism could so undercut competitors that it could threaten the social democratic traditions that underpin the West." [As ever, via.]
posted by Abiezer on Jan 8, 2008 - 26 comments

The Wire is dissent; it argues that our systems are no longer viable for the greater good of the most, that America is no longer operating as a utilitarian and democratic experiment. An already-quite-good discussion about The Wire, originating in Mark Bowden's Atlantic article ('The Angriest Man in Television') and continuing through Mark Bowden's post on the show's nihilistic bleakness gets even more interesting on Matt Yglesias's blog, where the creator of the show stops by to give his opinion on what it's all supposed to mean.
posted by gerryblog on Jan 3, 2008 - 76 comments

The Rise of China and the Future of the West: Can the Liberal System Survive? "China's rise will inevitably bring the United States' unipolar moment to an end. But that does not necessarily mean a violent power struggle or the overthrow of the Western system. The U.S.-led international order can remain dominant even while integrating a more powerful China -- but only if Washington sets about strengthening that liberal order now." [more inside]
posted by homunculus on Dec 29, 2007 - 29 comments

Push Capitalism. Bill Moyers' interview with Dr. Benjamin Barber about the state of our modern capitalist society and how he believes capitalism threatens American democracy. PBS.org streaming video. [more inside]
posted by orelius on Dec 23, 2007 - 74 comments

The dangers of living in a zero-sum world economy - naked capitalism reprints (with added commentary) an FT article by Martin Wolf on why it's vital for (civilised) society to sustain a 'positive-sum' world, otherwise: "A zero-sum economy leads, inevitably, to repression at home and plunder abroad." Wolf's solution? "The condition for success is successful investment in human ingenuity." Of course! Some are calling for more socialism, while others would press on to build more megaprojects. For me, at least part of the solution lies in environmental accounting and natural capitalism :P
posted by kliuless on Dec 19, 2007 - 42 comments

Not ones for subtlety, the Death of Environmentalism guys (previously) are at it again with a Manifesto for a New Environmentalism. Their Apollo Alliance is getting early support from both Clinton and Obama. But it's not the only "new environmentalism" out there. There's this New Environmentalism, while others would include both market-based approaches among the the idols of old environmentalism.
posted by salvia on Sep 20, 2007 - 22 comments

A selection of eyeglasses for $8. (That's including your lens prescription.) Or if that's not to your liking, there's $39.
posted by Arthur "Two Sheds" Jackson on Sep 19, 2007 - 81 comments

Ghetto Capitalists At once an outsider and a welcome participant in the ghetto economy, he found that he was suddenly part of “a vast, often invisible web” of economic exchange. That web supports the residents of Maquis Park and adds a strange sort of order to their existence, tempering chaos and adding predictability to the lives of Chicago’s poor. For the most part, the people he meets seem eager to trade. It’s just that much of what they’re trading isn’t going to meet with the approval of a law-and-order Republican or a bleeding-heart Great Society Democrat.
posted by jason's_planet on Sep 14, 2007 - 29 comments

The Age of Disaster Capitalism [more inside]
posted by y2karl on Sep 12, 2007 - 124 comments

Why are American voters reluctant to support free market policies when professional economists have achieved near-consensus? Bryan Caplan of the Cato Institute investigates. (pdf)
posted by stammer on Jun 1, 2007 - 71 comments

Orion Magazine hosts a two-part essay on the environmentalism movement's attempts to fit within free market capitalism, and the problems therein. Part one, The Idols of Environmentalism, focuses on the cross purposes of capitalism and environmentalism, and the apparent impossibility of the two working together. In part two, The Ecology of Work, the focus is on the human impact of the work and consumption culture.
posted by knave on Apr 29, 2007 - 27 comments

Boilproof nipples — Girly pirates? — Hubris — Atomic nose candy — Pit paranoia — The gay mafia's beverage of choice — Mouthwash for flaky skin — Spam spam spam spam — Dead-fish eyes — and more American advertising from 1932 to 1959...
posted by Blazecock Pileon on Mar 30, 2007 - 17 comments

Win in China! A "reality" TV show in China where young would be entrepreneurs compete for a large pile of startup cash to actualize their business ideas. Not everyone is happy about the glorification of capitalism, of course, and one losing contestant may have committed suicide, but overall reaction in China to the show seems positive. Video clips here (also a full length article by the Atlantic if you have a paid subscription).
posted by Burhanistan on Mar 9, 2007 - 5 comments

"All over Orlando you see forces at work that are changing America from Fairbanks to Little Rock. This, truly, is a 21st-century paradigm: It is growth built on consumption, not production; a society founded not on natural resources, but upon the dissipation of capital accumulated elsewhere; a place of infinite possibilities, somehow held together, to the extent it is held together at all, by a shared recognition of highway signs, brand names, TV shows, and personalities, rather than any shared history. Nowhere else is the juxtaposition of what America actually is and the conventional idea of what America should be more vivid and revealing."

"Welcome to the theme-park nation." [more inside]
posted by wander on Mar 2, 2007 - 61 comments

Cheap, safe drug kills most cancers. That's the good news. The bad news is that because there's no patent and it's so cheap to make, researchers may not be able to get funding from the private sector for further research since the treatment wouldn't make a profit. [Via Hullabaloo.]
posted by homunculus on Jan 18, 2007 - 122 comments

This handy comparison guide can help you prepare for our turbulent future with lessons from other people's turbulent recent past.
posted by hexatron on Dec 8, 2006 - 48 comments

The Mayfair Set [Google Video]. A BBC Documentary series on how City of London bankers systematically dismantled British industry from the 1960s-90s and removed the power of the state to protect people from the greed of the market A thought provoking documentary from Adam Curtis whose other documentaries The Power of Nightmares and The Century of the Self have been previously discussed and well received on Mefi. It is almost four hours long but well worth the effort.
posted by ClanvidHorse on Dec 2, 2006 - 24 comments

Conditions of the Working Classes in China is an essay that presents a Marxist perspective on the changes taking place in China. The author addresses the tensions between workers and employers, antagonisms between city workers and impoverished migrants from the countryside and the political fights between those who support the moves towards a market economy and those convinced that Mao had it right all along.
posted by jason's_planet on Nov 12, 2006 - 31 comments

In 1976, a young Bangladeshi economics professor named Muhammad Yunus founded Grameen Bank to implement microcredit — lending small sums to the very poorest members of society. Today, he and his bank share the Nobel Peace prize. Grameen, a profit-making company with social objectives, has lent $5.3bn to 6.4m people. 97% of borrowers are women, as Yunus believes [video] "men will do whatever they could to enjoy for themselves personally [but] women looked at it for the children, for the family and for the future."
posted by matthewr on Oct 13, 2006 - 24 comments

Now we're faced with a supposedly democratic Russia where the opposition parties are established, crushed, united, their leadership changed, all at the behest of the president. China, now clearly a capitalist state, albeit one without the democratic trimmings, still calls itself communist. Vietnam has gone much the same way.

Some things remain the same, though. America's still meddling in Latin America, just like it did during the Cold War. The US Army is also fighting a guerilla resistance in Iraq, its leaders apparently ignorant of the lessons of history, yet accusing others of exactly that. It's just like the 60s, when it was just as obvious who had learnt lessons and who hadn't.
posted by imperium on Aug 30, 2006 - 48 comments

``Friendly fascism portrays two conflicting trends in the United States and other countries of the so-called "free world." The first is a slow and powerful drift toward greater concentration of power and wealth in a repressive Big Business-Big Government partnership... The other is a slower and less powerful tendency for individuals and groups to seek greater participation in decisions affecting themselves and others... These contradictory trends are woven fine into the fabric of highly industrialized capitalism.'
posted by Mr. Six on Jul 31, 2006 - 49 comments

Never wanna work/Always wanna play/Pleasure, pleasure every day. What happens when the jobs go away and don't return? Should we take the surpluses generated and pay people not to work? What happens to the assumption of scarcity when nanotechology allows us to generate potentially anything we want from grass clippings? Maybe Marx had it wrong all along. Maybe, instead of fetishizing work and the authoritarian mindset that it generates, we should have been reading Paul Lafargue instead. Just as a thought experiment, what would you do if your job category disappeared? How would you spend your time? Would you invest more time and energy in friendships and other relationships? Hobbies? If you were your employer, what technologies would you use to get rid of your position and save money?
posted by jason's_planet on Jun 25, 2006 - 43 comments

We've been talking about bird flu here in the blue and in the green for a while. Now to help us answer the question eveyone is asking, Citigroup and Smith Barney bring us the Global Portfolio Strategist: Avian Flu [pdf].
posted by pwb503 on Mar 14, 2006 - 12 comments

On Evil: An Interview with Alain Badiou
posted by kuatto on Mar 12, 2006 - 19 comments

The Abrigded King James Version
And the LORD Capital said unto the socialist, Because thou hast done this, thou art cursed above all cattle, and above every beast of the field; upon thy belly shalt thou go, and dust shalt thou eat all the days of thy life:
Hope you enjoy!
posted by nofundy on Feb 22, 2006 - 11 comments

Zombied-out customer-service reps beware: the Consumerist, the newest edition to Nick Denton's Gawker "nanopublishing" empire, is watching you. Gizmodo's Joel Johnson (who recently spent a month in New Orleans) serves up sassy shopping tips and customer-service-tests-from-Hell. More hip-product-pr0n-with-an-attitude, just in time for Christmas the happy holidays^TM.
posted by digaman on Dec 7, 2005 - 18 comments

Picture Palaces in Peril! and a few hardy survivors from the golden age of Scottish film going. One of the most beautiful of all, The Cameo, apparently a favourite of Quentin Tarantino, is under threat from its new overlords - who've grabbed the majority stake in Britain's main independent cinema company. Can our heroine be rescued from the railroad tracks of venture capitalism at the 11th hour? Save The Cameo are trying.
posted by Flitcraft on Nov 29, 2005 - 5 comments

China's non-interventionist approach to Africa. They recently lifted 200 million of their own people out of poverty. Unlike the G8, they aren't concerned about corruption, aid, debt relief, social impact, human rights, the environment, or spreading democratic ideology. They build governments, hotels and industrial plants in Sierra Leone, export 60% of oil from the 'genocidal' Sudanese, sell weapons to both sides in war zones and deal arms to embargoed dictators like Mugabe. They'll be the third largest investor in Africa at the end of this year. The People's Republic of China: threatening - or Jeffersonian?
posted by Bletch on Jul 5, 2005 - 37 comments

Capitalism and other kids stuff Four UK based socialists produced this hour long documentary in which some of the problems of capitalism are presented in a simplified, kindergarten model. Tought provoking, incomplete but NOT derailing into bipartisan hate for a change ..an hour well spent IMHO. You can also DL it with Bittorrent program.. a good reason to install it (5 minutes ) and witness how a distributed cooperative program such as Bittorrent can do wonders.
posted by elpapacito on May 30, 2005 - 25 comments

The Rise of Disaster Capitalism --...Although hotels and industry have already started reconstructing on the coast, in Sri Lanka, Thailand, Indonesia and India, governments have passed laws preventing families from rebuilding their oceanfront homes. Hundreds of thousands of people are being forcibly relocated inland, to military style barracks in Aceh and prefab concrete boxes in Thailand. The coast is not being rebuilt as it was--dotted with fishing villages and beaches strewn with handmade nets. Instead, governments, corporations and foreign donors are teaming up to rebuild it as they would like it to be: the beaches as playgrounds for tourists, the oceans as watery mines for corporate fishing fleets, both serviced by privatized airports and highways built on borrowed money....
Naomi Klein on "reconstruction" money after natural disasters--and who benefits. (Makes Wolfowitz seem like a less unlikely choice to head the World Bank after reading, too.)
posted by amberglow on Apr 17, 2005 - 36 comments

A Pro-Evil Mutual Fund? For centuries, the argument in favor of laissez-faire capitalism has been simple. If you step back and let businesses pursue profit without restraint, legitimate needs and desires will be taken care of in an efficient manner. Moral concerns, the argument goes, are better handled by consumers and investors voting with dollars than governments coercing with legislation. Now, Cato Institute scholar and Fox News columnist Steven Milloy is worried ideologically motivated investors might be putting business profits in danger. He's forming a new mutual fund to fight their leftist influence.
posted by verb on Apr 8, 2005 - 33 comments

“The problem is not to make political films but to make films politically.”
In "Tout Va Bien", just released on Criterion DVD, four years after May '68 Jean-Luc Godard and Jean-Pierre Gorin examine the wreckage: fading workers' empowerment (page with sound), media fatuity, capitalist sprawl, global imperialist mayhem, interpersonal disconnections. "Tout Va Bien" is the story of a strike at a factory as witnessed by an American reporter (Jane Fonda) and her has-been New Wave film director husband (Yves Montand). Included on the DVD is also Letter to Jane (1972), a short film in which Godard and Gorin spend an hour examining the semiotics of a single, hypnotizing photograph of Fonda as she shares feelings with a Vietnamese villager. More inside.
posted by matteo on Mar 8, 2005 - 18 comments

America Beyond Capitalism
What a "Pluralist Commonwealth" Would Look Like
from the author of The Coming Era of Wealth Taxation (pdf)
posted by y2karl on Dec 17, 2004 - 22 comments

The Corporation (U.S. premiere tonight) is "a surprisingly rational and coherent attack on capitalism's most important institution," or so says The Economist. An important but flawed documentary? Or something bigger? (imdb page | rotten tomato review collection) (wee more inside)
posted by mrgrimm on Jun 4, 2004 - 71 comments