298 posts tagged with capitalism.
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UBI in NYT

It's Payback Time for Women - "Society is getting a free ride on our unrewarded contributions to the perpetuation of the human race." (via) [more inside]
posted by kliuless on Jan 11, 2016 - 79 comments

The Unseen Threat of Capital Mobility

For the Wealthiest, a Private Tax System That Saves Them Billions -"The very richest are able to quietly shape tax policy that will allow them to shield billions in income." (via) [more inside]
posted by kliuless on Jan 4, 2016 - 31 comments

“If money is all that you love, then that's what you'll receive.”

A Darth Vader waffle maker? You really shouldn’t have…by David Mitchell [The Guardian]
“Star Wars, it turns out, is the most ambitious, enterprising and impressive exercise in the marketing of crap ever conceived by man. Crap, that is, apart from the toys. I have to make an exception for the toys because, as a child, I was an enthusiastic collector of Star Wars figures and spaceships. [...] But, toys aside, it really is crap. Anyone who enjoys their Stormtrooper single duvet cover set more than watching The Empire Strikes Back is a very odd person indeed – and unlikely ever to be in the market for a Stormtrooper double duvet cover set. These are all things that you either don’t need at all or you’d be slightly better off with a non-Star Wars version. And I say that as someone whose wife once gave him an R2-D2 eggcup as a present. Because if you love eggs, and you love Star Wars… you’ll still, in general, find yourself using a normal egg cup.”
posted by Fizz on Dec 20, 2015 - 115 comments

"We decided to give a significant portion of the proceeds to charity.”

Remember when the Wu Tang Clan decided to sell only one copy of their latest album? And remember when some asshole bought a pharmaceutical company and jacked up the price on a drug by 5,500%? You can probably tell where this is going -- Martin Shkreli was the guy who bought Once Upon a Time in Shaolin. [more inside]
posted by Etrigan on Dec 9, 2015 - 194 comments

Faced with gaping moral and economic holes in society

Rewrite the rules to benefit everyone, not just the wealthy - "If there's one thing Joseph Stiglitz wants to say about inequality, it's that it has been a choice, not an unexpected, unfortunate economic outcome. That's unnerving, but it also means that citizens and politicians have the opportunity to fix the problem before it gets worse." (via) [more inside]
posted by kliuless on Nov 11, 2015 - 112 comments

Desire Modification in the Attention Economy

The Future of (Post)Capitalism - "Paul Mason shows how, from the ashes of the recent financial crisis, we have the chance to create a more socially just and sustainable global economy." (previously; via) [more inside]
posted by kliuless on Nov 4, 2015 - 22 comments

well past time

"We all know tech is excluding most people from participating. But one group is actually over represented. And we’ve been conspicuously silent." Metafilter's own Anil Dash asserts that "Asian American men who work in tech are benefitting from tech’s systematic exclusion of women and non-Asian minorities" and gives some recommendations about what they should do about it.
posted by Potomac Avenue on Oct 22, 2015 - 23 comments

“I’d rather that everyone… could just stay obscure”

[T]here are immediate practical benefits to trolling. The way we’ve designed the Internet has made the old cliché “There’s no such thing as bad publicity” actually come true. It’s now possible to monetize any kind of attention, good or bad—and if your gift happens to be generating the bad kind of attention, then it’s well within reach to make trolling into a full-time career.
Arthur Chu writes about “The Big Business of Internet Bigotry” for The Daily Beast.
posted by Going To Maine on Oct 2, 2015 - 81 comments

The only thing I don't want to do is to raise the white flag.

What can we do about the privacy threat posed by online ad networks? And how much trust should we place in Silicon Valley to design the future of our society? What Happens Next Will Amaze You: Slides from a recent talk by (Mefi's own) Maciej Cegłowski.
It's no accident how much the ad racket resembles high-frequency trading. A small number of sophisticated players are making a killing at the expense of everybody else. [...] I don't believe there's a technology bubble, but there is absolutely an advertising bubble. When it bursts, companies are going to be more desperate and will unload all the personal data they have on us to absolutely any willing buyer. And then we'll see if all these dire warnings about the dangers of surveillance were right.
[more inside] posted by teraflop on Sep 22, 2015 - 103 comments

American Experience

Walt Disney - "An unprecedented look at the life and legacy of one of America's most enduring and influential storytellers -- Walt Disney."
posted by kliuless on Sep 16, 2015 - 17 comments

Higher Education and Real Estate: Two Bubbles Come Together in NYC

Felix Salmon reports on the continuing saga of Cooper Union (previously on MetaFilter). With NY Attorney General Eric Schneiderman's recent intervention, the school appears ready to stop digging its financial grave, but blocks away, faculty, staff, and students believe a similar story is playing out with New York University's NYU 2031 initiative. The plan, described as "a real estate deal" in a private conversation with an NYU trustee, is the brainchild of controversial NYU president John Sexton. [more inside]
posted by tonycpsu on Sep 7, 2015 - 23 comments

Basic Income: How to Fix a Broken Monetary Transmission Mechanism

FINLAND: New Government Commits to a Basic Income Experiment - "The Finnish government of Juha Sipilä is considering a pilot project that would give everyone of working age a basic income."[1,2,3] (via) [more inside]
posted by kliuless on Sep 4, 2015 - 24 comments

"Anxious? Depressed? You might be suffering from capitalism"

In a new study from researchers at Columbia University, of nearly 22,000 full-time workers (from a dataset from the National Epidemiological Survey on Alcohol and Related Conditions), they saw that 18 percent of supervisors and managers reported symptoms of depression. For blue-collar workers, that figure was 12 percent, and for owners and executives, it was only 11 percent.
posted by ThePinkSuperhero on Aug 30, 2015 - 29 comments

Ube Goldberg

New Uber Service Sounds Suspiciously Like a Bus — New Uber "Smart Routes" feature offers passengers fare discounts in exchange for pick-ups along predetermined high-ridership routes. Rather than trying to compete with public transit, FiveThirtyEight points out that Uber and public transit can complement each other. Meanwhile, the yellow cab industry is trying to fight back against Uber with an Uber-like smartphone app for NYC passengers.
posted by tonycpsu on Aug 28, 2015 - 61 comments

“Capitalists… unironically love Burning Man”

Burning Man is earning a reputation as a “networking event” among Silicon Valley techies, and tech magazines now send reporters to cover it. CEOs like Mark Zuckerberg of Facebook and Larry Page of Alphabet are foaming fans, along with conservative anti-tax icon Grover Norquist and many writers of the libertarian (and Koch-funded) Reason magazine. Tesla CEO Elon Musk even went so far as to claim that Burning Man “is Silicon Valley.”
Former Burner Keith A. Spencer writes for Jacobin: “Why the Rich Love Burning Man”
posted by Going To Maine on Aug 25, 2015 - 127 comments

Your Sex is Not Radical

Your Sex is Not Radical In queer radical circles and in much of the left, the worlds in which I operate, there’s a widely held idea that one’s political radicalism can be attached to one’s sexual practices. This is why those who practice BDSM and are variously “sex positive” are often equated with left politics. But the sad truth that many of us learn after years in sexual playing fields (literally and figuratively) is that how many people you fuck has nothing to do with the extent to which you fuck up capitalism.
posted by modernnomad on Aug 19, 2015 - 52 comments

Bay Gold: the brand appropriate to a junior vice-president of GT

Big Pot: the California Democratic party added marijuana legalisation to its party platform - "Earlier this year Founders Fund, a venture capital firm co-founded by Peter Thiel, led a $75m investment round into Privateer, a private equity group focused on cannabis. It is the biggest single investment in the US cannabis industry to date: 'What Privateer is doing is looking like a Procter & Gamble or a Coca-Cola approach. The real value in the market is going to be having the Coke-calibre brand...' Meanwhile, a distinctly California-style backlash is already growing [and] the US has become an exporter of illegal cannabis to Mexico, as cultivation in the US has increased." [more inside]
posted by kliuless on Aug 18, 2015 - 73 comments

The value of an effective police organization

Unlike the soft forms of social control — meaning the ameliorative and redistributive welfare programs of the Great Society — the new model of social control does not come with dangerous notions of "equality" and "social inclusion." Today, the poor are thoroughly locked down, as is our political imagination about what poverty means. Law enforcement has moved to the center of domestic politics; state violence is perhaps more than ever a constant, regular, and normal feature of poor people’s lives.The Making of the American Police State, Christian Parenti
posted by jammy on Aug 4, 2015 - 12 comments

Taylor Swift Is Not Your Friend

Dayna Evans writes about Taylor Swift for Gawker: [T]he part of Taylor’s persona that doesn’t get talked about enough [is that] she is a ruthless, publicly capitalist pop star. To think of her as womanhood incarnate is to trick oneself into forgetting about “Bad Blood” and “Better Than Revenge.” Swift isn’t here to help women—she’s here to make bank… Her plan—to be as famous and as rich as she can possibly be—is working, and by using other women as tools of her self-promotion, she is distilling feminism for her own benefit. [more inside]
posted by Going To Maine on Jul 22, 2015 - 180 comments

Project Zero

The end of capitalism has begun
posted by fearfulsymmetry on Jul 17, 2015 - 92 comments

Capitalism and Racial Identity

Beyond the Model Minority Myth : "Discussing certain Asian groups’ material advantages today as a type of transhistorical “privilege” or “complicity” with power — rather than the result of a specific set of immigration and domestic policies that have aligned with shifting national attitudes — mystifies the mechanisms of capitalism rather than elucidating them."
posted by Conspire on Jul 15, 2015 - 29 comments

After Capitalism, Humanism

Shared Prosperity, Common Wealth, National Equity and a Citizen's Dividend: Nirit Peled takes a look at social experiments in basic incomes for VPRO Tegenlicht, a Dutch public television documentary series. Starting with a German crowdfunded UBI chosen by raffle -- kind of like the opposite of Le Guin's Omelas (or Shirley Jackson's Lottery in reverse) -- the focus moves on to Albert Wenger who wants to disconnect work from income not only as automation progresses but to accelerate the process. Then it's on to Guy Standing who has conducted basic income experiments in India and Namibia (pdf) and is trying to get one off the ground in Groningen (Utrecht apparently is also a go). Finally, a stop in Alaska to ask some of its residents about their views on the state-owned Permanent Fund. This last part brings to mind the question: just what is wealth anyway? [more inside]
posted by kliuless on Jul 2, 2015 - 7 comments

Frictionless Capitalism

Senate passes TPP fast track The Senate is expected to vote today to give President Obama "fast-track" authority to push the Trans-Pacific Partnership trade deal through Congress. The secretive deal involves 12 countries and nearly 40 percent of the global economy. It has come under heavy criticism from labor activists claiming it as one of the harmful bills against labor, environmental, and intellectual property rights.
posted by bodywithoutorgans on Jun 24, 2015 - 64 comments

Don't mistake activity with achievement

Aspirational parents condemn their children to a desperate joyless life From infancy to employment, this is a life-denying, love-denying mindset, informed not by joy or contentment, but by an ambition that is both desperate and pointless, for it cannot compensate: childhood, family life, the joys of summer, meaningful and productive work, a sense of arrival, living in the moment.
posted by bodywithoutorgans on Jun 10, 2015 - 86 comments

40 acres and a mule

A Reparations Infographic
posted by aniola on Jun 9, 2015 - 42 comments

How to fix inequality: Squash the finance industry and redistribute more

Joe Stiglitz on Inequality, Wealth, and Growth: Why Capitalism is Failing (video; if you don't have 30m, skip to 20m for discussion of political inequality, wealth, credit and monetary policy) - "If the very rich can use their position to get higher returns, more investment information, more extraction of rents, and if the very rich have equal or higher savings rates, then wealth will become more concentrated... economic inequality inevitably gets translated into political inequality, and political inequality gets translated into more economic inequality. The basic and really important idea here is that markets don't exist in a vacuum, that market economies operate according to certain rules, certain regulations that specify how they work. And those effect the efficiency of those markets, but they also effect how the fruits of the benefits of those markets are distributed and the result of that is there are large numbers of aspects of our basic economic framework that in recent years have worked to increase the inequality of wealth and income in our society... leading to a society which can be better described, increasingly, as an inherited plutocracy." [more inside]
posted by kliuless on Jun 2, 2015 - 27 comments

Why do people, when playing CEOs, become tyrants from central casting?

How to turn a liberal hipster into a capitalist tyrant in one evening
The classic problem presented by the game is one all managers face: short-term issues, usually involving cashflow, versus the long-term challenge of nurturing your workforce and your client base. Despite the fact that a public-address system was blaring out, in English and Chinese, that “your workforce is your vital asset” our assembled young professionals repeatedly had to be cajoled not to treat them like dirt.
posted by frimble on Jun 1, 2015 - 32 comments

The free development of each is the condition of the war against all

Some Paths to the True Knowledge[*] - "Attention conservation notice: A 5000+ word attempt to provide real ancestors and support for an imaginary ideology I don't actually accept, drawing on fields in which I am in no way an expert. Contains long quotations from even-longer-dead writers, reckless extrapolation from arcane scientific theories, and an unwarranted tone of patiently explaining harsh, basic truths. Altogether, academic in one of the worst senses. Also, spoilers for several of MacLeod's novels, notably but not just The Cassini Division. Written for, and cross-posted to, Crooked Timber's seminar on MacLeod, where I will not be reading the comments."
posted by kliuless on May 19, 2015 - 12 comments

Her legacy is rooted in resisting the foundation of American capitalism.

Keep Harriet Tubman – and all women – off the $20 bill. "Harriet Tubman did not fight for capitalism, free trade, or competitive markets." [more inside]
posted by NoraReed on May 14, 2015 - 66 comments

"I don't know but I really want one!"

The Amazing New Thing by Tom Gauld [New York Times] [Magazine]
posted by Fizz on May 1, 2015 - 20 comments

What do people in China buy online?

BBC: "Huang's new project is based on a similar idea - this time, he asked people to display everything they've ever bought online. The results are a testament to the overwhelming popularity of online shopping, particularly China's most popular internet shopping platform, Taobao." [more inside]
posted by Wordshore on Apr 29, 2015 - 8 comments

“Freedom Under God”

For much of the 1930s, organizations such as the National Association of Manufacturers (NAM) had been searching in vain for ways to rehabilitate a public image that had been destroyed in the Great Depression and defamed by the New Deal. In 1934, a new generation of conservative industrialists took over NAM with a promise to “serve the purposes of business salvation.” How Corporate America invented Christian America.
posted by quonsar II: smock fishpants and the temple of foon on Apr 18, 2015 - 22 comments

Leaning Out

Love is the only motivating force, and while love can motivate some pretty awful things, it’s nonetheless impossible to do any good without it. I have no love left for my job or career. Tim Chevalier on tech as a coping mechanism and a place of toxicity and moral stagnation.
posted by Zarkonnen on Apr 17, 2015 - 94 comments

Growth Over All

Journalist Felix Salmon brings us up to speed on the increasingly strange and complicated saga of The Cooper Union School For The Advancement Of Science And Art, one of the last historically free schools in the US for Art, Architecture and Engineering, which may be brought down by shameless trustees, incompetent management, the State Attorney General, or pure greed. (Cooper Union charging tuition previously. Cooper Union students occupying the president's office previously)
posted by The Whelk on Apr 16, 2015 - 21 comments

The Capitalist's Zombie

Here’s a question: how can you tell whether a given charming little cafe with attractive hipster baristas, distressed furniture, and chalkboard menus is the real thing or a very carefully crafted fiction created by a giant corporation with a talented marketing staff? [more inside]
posted by Another Fine Product From The Nonsense Factory on Apr 16, 2015 - 115 comments

What the Sharing Economy Takes

Uber and Airbnb monetize the desperation of people in the post-crisis economy while sounding generous—and evoke a fantasy of community in an atomized population. [more inside]
posted by standardasparagus on Feb 13, 2015 - 86 comments

Chinese Christianity

Religion in China: Cracks in the atheist edifice - "Yang Fenggang of Purdue University, in Indiana, says the Christian church in China has grown by an average of 10% a year since 1980. He reckons that on current trends there will be 250m Christians by around 2030, making China's Christian population the largest in the world. Mr Yang says this speed of growth is similar to that seen in fourth-century Rome just before the conversion of Constantine, which paved the way for Christianity to become the religion of his empire." [more inside]
posted by kliuless on Feb 1, 2015 - 47 comments

[GREEN] JOBS FOR ALL

Let Us Face the Future - "All parties pay lip service to the idea of jobs for all. All parties are ready to promise to achieve that end by keeping up the national purchasing power and controlling changes in the national expenditure through Government action. Where agreement ceases is in the degree of control of private industry that is necessary to achieve the desired end. In hard fact, the success of a full employment programme will certainly turn upon the firmness and success with which the Government fits into that programme the investment and development policies of private as well as public industry." [more inside]
posted by kliuless on Jan 29, 2015 - 10 comments

Syriza stretches poll lead as Greek election campaign ends

Greece’s anti-austerity party of the left, Syriza, has stretched its election lead to six points, putting it on course for a historic victory in Sunday’s crucial elections. Barely four weeks after the failure of parliament to elect a president, triggering the ballot, Greece’s fate now lies in the hands of 9.8 million voters. All the polls show, with growing conviction, that victory will go to Syriza. A poll released by GPO for Mega TV late on Thursday gave the far leftists a six-percentage-point lead over Samaras’s centre-right New Democracy, the dominant force in a coalition government that has held power since June 2012. A week earlier, GPO had the lead at four percentage points. [more inside]
posted by standardasparagus on Jan 23, 2015 - 52 comments

Unfair Competition?

A flight from Baltimore to Cleveland via Atlanta is $83. A flight from Baltimore to Atlanta directly is $112. So if you want to save money, you can buy the ticket to Cleveland, and just not get on the connecting flight. This is called a 'hidden city' fare, a trick used by frequent flyers and travel agents for years. Skiplagged.com lets you search for them. They're being sued by Orbitz and American Airlines.
posted by empath on Dec 31, 2014 - 99 comments

Kim Kardashian doesn't visit Versailles. She is Versailles.

"The work speaks volumes: She is her own best creation, a businesswoman, a brand, a socialite, a TV star, a wife, a mother, and the essential member of a sprawling family who are all getting rich under the umbrella of her fame. But most important, Kim Kardashian works full-time as professional metaphor. " - Rachel Syme on why Kim Kardashian's Hollywood was the most important game of 2014
posted by The Whelk on Dec 29, 2014 - 292 comments

Baseball cards: a cultural history

Over 100 years, small images of athletes went from tobacco companies' marketing materials to overhyped investments favored by nostalgic grown men. Now, they're worth virtually nothing. A Cultural History of the Baseball Card.
posted by paleyellowwithorange on Dec 23, 2014 - 16 comments

"Be brave but never take chances"

Jackson Lears is interviewd by Public Books on The Confidence Economy
Absolutely, the confidence games take the form of their setting. In capitalist settings, it’s multivalent. Not only does one need confidence to trust the merchant who’s selling you an item, but the merchant needs confidence to start his own business, he needs it to invest, and the market needs it to be propelled forward. Of course we’re sitting here talking about this in the shadow of the banking crisis and recession! The cultural feature we’re talking about may be common to human interaction, no matter the specific setting, but those specific settings—a Mississippi River steamboat in the the mid-nineteenth century, or Catholic Italy a half millennium before—give form to its expression.
[more inside] posted by the man of twists and turns on Dec 13, 2014 - 3 comments

"The contrast between the treatment of produce and of people is stark."

Product of Mexico: Hardship on Mexico's farms, a bounty for U.S. tables — the first in a series of four Los Angeles Times long-form stories about labor conditions discovered during an 18-month investigation of Mexican vegetable farms that supply produce to the United States. [more inside]
posted by tonycpsu on Dec 8, 2014 - 38 comments

Ursula K. Le Guin on writing and freedom at the National Book Awards

On Wed Nov 19, 2014, in an awards ceremony emceed by Daniel Handler-aka-Lemony Snicket, Ursula K. Le Guin gave "the most ferocious speech ever given at the National Book Awards." Le Guin's acceptance speech for the Medal for Distinguished Contribution to American Letters touched on the Amazon vs Hachette throwdown and the practice of art in an age of capitalism. Video. Transcription.
Right now, I think we need writers who know the difference between production of a market commodity and the practice of an art. The profit motive is often in conflict with the aims of art. We live in capitalism. Its power seems inescapable; so did the divine right of kings.
posted by spamandkimchi on Nov 21, 2014 - 35 comments

...they’d look into "your personal lives, your families"

Ben Smith of Buzzfeed reports: Uber Executive Suggests Digging Up Dirt On Journalists [more inside]
posted by tonycpsu on Nov 18, 2014 - 242 comments

Is this a mode of production I see before me?

Paul Mason: What Shakespeare taught me about marxism.
posted by MartinWisse on Nov 16, 2014 - 14 comments

"I will not tolerate any rotten rockabillies in my employ."

Memos from Bear Cave. Inspired by the 1970s memos of perpeptually apoplectic Edward "Tiger Mike" Davis ("I am not fond of hippies, long-hairs, dope fiends, or alcoholics"), SomethingAwful writers created a series about the manliest CEO in the 1970s soup-manufacturing industry. While Tiger Mike is hard to top, the saga of JD Boruff, who swims in his own soup and monitors his employees' toilet flushes, takes on a strange and hilarious charm as its universe expands.

There are eighteen epistolary stories in the series to date, indexed below the fold. [more inside]
posted by rorgy on Nov 15, 2014 - 2 comments

Can Capitalism and Democracy Coexist?

In a wide-ranging discussion about democracy, capitalism, and the American body politic; Chris Hedges interviews political theorist Sheldon Wolin in eight parts. (via) (previously) [more inside]
posted by AElfwine Evenstar on Nov 11, 2014 - 38 comments

The Wall fell only for some

So, what is the balance-sheet of transition? Only three or at most five or six countries could be said to be on the road to becoming a part of the rich and (relatively) stable capitalist world. Many are falling behind, and some are so far behind that they cannot aspire to go back to the point where they were when the Wall fell for several decades. Despite philosophers of “universal harmonies” such as Francis Fukuyama, Timothy Garton Ash, Vaclav Havel, Bernard Henry Lévy, and scores of international “economic advisors” to Boris Yeltsin, who all phantasized about democracy and prosperity, neither really arrived for most people in eastern Europe and the former Soviet Union. The Wall fell only for some.
On the eve of the 25th anniversary of the Fall of the Berlin Wall Branko Milanovic looks at how the transition to capitalism worked out for the ex-communist countries of the USSR and Eastern Europe.
posted by MartinWisse on Nov 4, 2014 - 51 comments

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