38 posts tagged with capitalism and politics.
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The Social Construction of Money (Wealth/Capital in the 21st Century)*

The political economy of a universal basic income: "your view of what is feasible should not be backwards looking. The normalization of gay marriage and legalization of marijuana seemed utopian and politically impossible until very recently. Yet in fact those developments are happening, and their expansion is almost inevitable given the demographics of ideology... UBI — defined precisely as periodic transfers of identical fixed dollar amounts to all citizens of the polity — is by far the most probable and politically achievable among policies that might effectively address problems of inequality, socioeconomic fragmentation, and economic stagnation." [more inside]
posted by kliuless on Sep 19, 2014 - 62 comments

social inequality breeds game

Cockblocked by Redistribution: A Pick-up Artist in Denmark [more inside]
posted by flex on Jul 31, 2014 - 30 comments

Dear Marc Andreessen

"Hi, Marc... You seem to think everyone's worried about robots. But what everyone's worried about is you, Marc. Not just you, but people like you. Robots aren't at the levers of financial and political influence today, but folks like you sure are. People are scared of so much wealth and control being in so few hands... Unless we collectively choose to pay for a safety net, technology alone isn't going to make it happen." [more inside]
posted by kliuless on Jun 18, 2014 - 50 comments

Beyond samba, sex and soccer: The World Cup riots in Brazil

Brazil has spared no expense for the upcoming World Cup. The month-long competition will feature 64 matches in 12 cities across the country. Refurbishing old stadiums and building new ones has cost Brazil $3.6bn. Several of the new stadiums will seldom be used after the World Cup, and Brasilia's World Cup stadium is estimated to have cost taxpayers $900m. [more inside]
posted by whyareyouatriangle on May 28, 2014 - 54 comments

Evenly distribute the future: Issuing more bio-survival tickets

VC for the people - "It's just that people who have options are much more likely to actually find success than people who don't." [more inside]
posted by kliuless on Apr 18, 2014 - 20 comments

A One-PDF History of European Socialism and Communism

A One-PDF History of European Socialism and Communism [via mefi projects]
posted by aniola on Feb 5, 2014 - 50 comments

Occupy Godwin Street

Silicon Valley venture capitalist Tom Perkins took to the op-ed page of the Wall Street Journal to compare progressive angst over income inequality to the sentiment that led to the Nazi Kristallnacht. Citing the recent kerfuffle over Google buses in San Francisco (previously) and accusations of snobbery by San Francisco resident, bestselling author, and Perkins' own ex-wife Danielle Steel (who he describes as "our number-one celebrity"), Perkins asks "Kristallnacht was unthinkable in 1930; is its descendent 'progressive' radicalism unthinkable now?" [more inside]
posted by tonycpsu on Jan 25, 2014 - 254 comments

The Library as an Economic Model in the Second Machine Age

Congress takes a casual look at the peer-to-peer economy - “Finding new ways to monetise used or existing assets has the obvious and immediate effects of raising their value and the wealth of their owners, while simultaneously reducing the value of comparable stuff owned by incumbent companies — for whom monetisation already wasn’t a problem, and who find themselves burdened by the newly competitive environment. The innovations also provide a surplus to those consumers who previously would have paid more to an incumbent. And all without any new stuff actually having to be made.” [more inside]
posted by kliuless on Jan 23, 2014 - 23 comments

listen to the wealthy scream

The return of "patrimonial capitalism": review of Thomas Piketty's Capital in the 21st century (pdf) - "Thomas Piketty's 'Capital in the 21st century' may be one of the most important recent economics books. It jointly treats theory of growth, functional distribution of income, and interpersonal income inequality. It envisages a future of relatively slow growth with the rising share of capital incomes, and widening income inequality. This tendency could be checked only by worldwide taxation of capital." [more inside]
posted by kliuless on Jan 12, 2014 - 39 comments

Game behind gamed: your narrative programming for the day

How The Economic Machine Works by Ray Dalio[1] actually makes a case against austerity[2] and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
posted by kliuless on Sep 25, 2013 - 28 comments

Why do I get just £1 pocket money a week?

Robert Peston answers a question from a disappointed six-year old. (As picture) [more inside]
posted by Wordshore on Aug 31, 2013 - 33 comments

"Whereas the left is always in danger of talking itself into the ground."

What's also obvious is that this phase of Occupy, with talk of credit unions and occupying the SEC, while eminently worthy, is also kind of boring, especially when compared to the thrill of Occupy's park phase. Some, though, are ready to move on. "It's easy to go back to the park occupation and fetishize it, in a way," says Occupy Chicago's Brian Bean. "I prefer not to run a mini-society – I want to run society." - The Battle For The Soul Of Occupy Wall Street - Rolling Stone - Mark Binelli.
posted by The Whelk on Jun 30, 2012 - 193 comments

See Paradise for a mere $625,000 a week.

Jon Ronson (whose book The Psychopath Test was the basis of a This American Life episode ) interviews folks living in America at several varied levels of income in: GQ - Amber Waves of Green.
posted by 1f2frfbf on Jun 29, 2012 - 39 comments

the dawn of a Star Trek generation

In Praise of Leisure - "Imagine a world in which most people worked only 15 hours a week. They would be paid as much as, or even more than, they now are, because the fruits of their labor would be distributed more evenly across society. Leisure would occupy far more of their waking hours than work. It was exactly this prospect that John Maynard Keynes conjured up in a little essay published in 1930 called 'Economic Possibilities for Our Grandchildren.' Its thesis was simple. As technological progress made possible an increase in the output of goods per hour worked, people would have to work less and less to satisfy their needs, until in the end they would have to work hardly at all... He thought this condition might be reached in about 100 years — that is, by 2030." (via) [more inside]
posted by kliuless on Jun 22, 2012 - 117 comments

sovereignty and taxation

David Graeber: Of Flying Cars and the Declining Rate of Profit (via) [more inside]
posted by kliuless on Jun 8, 2012 - 85 comments

The Failure of Judges and the Rise of Regulators

The Control Revolution And Its Discontents - "the long process of algorithmisation over the last 150 years has also, wherever possible, replaced implicit rules/contracts and principal-agent relationships with explicit processes and rules."
posted by kliuless on Feb 23, 2012 - 25 comments

The State Of The Situation.

Two months after being kicked out by the NYPD in an early morning raid, the Occupy Wall Street protestors have returned to Zucotti/Liberty Plaza to meet new regulations that make protesting all but impossible. Meanwhile, OWS is looking for an accountant and NYC councilman Ydanis Rodriguez wants to donate his 5k stipend to the protestors. Yasha Levine of The Exiled writes about his arrangement hearing after being arrested during the Occupy LA raid and Political Cartoonist and Essayist Tim Kreider releases four essays he wrote during the first occupation of Zucotti/Liberty Plaza, "What OWS Wants" "Capitalism, A Bummer" "An Open Letter To The Tea Party." and "OWS: The Morning After." [more inside]
posted by The Whelk on Jan 12, 2012 - 142 comments

the new humanism and socialism? developing human and social 'capital'...

The Future of History (non-gated, summary): Many have noted that democracy [1,2,3] does not often sit well with capitalism [1,2,3], but Foreign Affairs argues in its latest issue that, while the ideological battle was won in the 20th century, the challenge of 21st is one of implementation -- how to make liberal democracy work. [more inside]
posted by kliuless on Jan 8, 2012 - 12 comments

sorry we torched the world and now you have to live like saints and suffer

Now the future is a kind of attenuating peninsula; as we move out on it, one side drops off to catastrophe; the other side, nowhere near as steep, moves down into various kinds of utopian futures. In other words, we have come to a moment of utopia or catastrophe; there is no middle ground, mediocrity will no longer succeed. So utopia is no longer a nice idea, but a survival necessity. "Remarks on Utopia in the Age of Climate Change," from Kim Stanley Robinson. Previously.
posted by gerryblog on Dec 22, 2011 - 15 comments

you owe me, but I’ll cut you a break for now

If you want to take a relation of violent extortion, sheer power, and turn it into something moral, and most of all, make it seem like the victims are to blame, you turn it into a relation of debt. Naked Capitalism talks to David Graeber about his book Debt: The First 5,000 Years. Previously. And more generally. Bonus Graeber classic: "Are You An Anarchist? The Answer May Surprise You!" [more inside]
posted by gerryblog on Aug 28, 2011 - 163 comments

If You Build It, They Will Come.

Arizona's Immigration Bill Was Drafted By Private Prison Companies
posted by empath on Oct 28, 2010 - 94 comments

David, Ed, and Ralph.

In the runup to the British Labour Party's leadership election, John Gray writes about Labour's embrace of (and attempts to tame) capitalism, and what the frontrunners' father might think of it all.
posted by greymullet on Sep 6, 2010 - 7 comments

Four Economic Benchmarks We Need Now

With capitalism in crisis, can it be sustained or is it altogether outdated? As Umair Haque asks though, perhaps a better question is: "are organizations and markets making decisions that help make people, communities, and society better off in the long run, by allocating their scarce resources to the most productive uses?" [more inside]
posted by kliuless on Jul 13, 2010 - 15 comments

Close Encounters of the Third Kind

Emerging from a debate on "epistemic closure" (of the conservative mind) John Quiggin looked beyond the dead horses and gazed upon the need "to offer hope, in the form of goals that can excite enthusiastic commitment to a progressive alternative." Matthew Yglesias pondered and penned a response providing a glimpse of the very big picture... [more inside]
posted by kliuless on Apr 28, 2010 - 17 comments

give up that dream

It is not our role to take power. It is our role to make the powerful frightened of us. And that's what we've forgotten. Give up that dream! Chris Hedges talks neoliberalism and neofeudalism, the civil rights movement, Camden, Obama, Clinton, Tea Parties, moral nihilism, inverted totalitarianism and corpocracy, NAFTA, welfare reform, health care, labor, poverty, Yugoslavia, post-industrial capitalism, economic crisis, imperial collapse, socialism, and democracy, among other things. [more inside]
posted by gerryblog on Apr 24, 2010 - 51 comments

Be it resolved that financial 'innovation' does not boost economic growth

Basicland vs. Sorrowland
A parable about how one nation came to financial ruin by Charles Munger. For extra colour there's... [more inside]
posted by kliuless on Mar 2, 2010 - 34 comments

funemployment

How a New Jobless Era Will Transform America
The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It may already be plunging many inner cities into a despair not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come. (via rw)
posted by kliuless on Feb 11, 2010 - 84 comments

Single Link Wire-Filter

You’re going to hire people to guard your sh*t, but you’re not going to give them health care. Vice has a long spoiler- and profanity-laden interview with The Wire creator David Simon, running the gamut from backstage Wire details to the media's obsession with "the Dickensian aspect" to his next series (set in New Orleans) to Joe Lieberman to this fight he almost got in at a concert one time. Via /Film.
posted by gerryblog on Dec 17, 2009 - 41 comments

George Soros on the Way Forward

Soros lectures
You can slog through the video, but I preferred the transcripts 1 | 2 | 3 | 4 | 5 [more inside]
posted by kliuless on Nov 21, 2009 - 13 comments

Mr. Lee's Greater Hong Kong

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

Adam Smith in Beijing

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

Kiki and Bubu

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

playing with the tuning knobs when the back of the appliance is in flames

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

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

Privatize profit. Socialize risk.

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

limits

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

A) Product.

A) Product. Your visit to this site may be monitored by British Intelligence Services.
posted by josephtate on Aug 14, 2002 - 24 comments

Walk for Capitalism

Walk for Capitalism is scheduled for this weekend (Sunday, December 2nd) in over 100 cities around the world. One of the few rallies actually for something, and certainly first global campaign for capitalism in history. Will you stand up for the principles set forth in their position statement?
posted by dagny on Nov 29, 2001 - 34 comments

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