271 posts tagged with capitalism.
Displaying 151 through 200 of 271. Subscribe:

Death of a Fucking Salesman

Glengarry Glen Ross endures mainly as a spectacular display of verbal warfare and alpha-male gamesmanship. There’s a musical quality to it, with a great composer and a great chorus hitting the complicated runs of broken dialogue and solos that weave into profane poetry and nuggets of philosophical wisdom. Perhaps the greatest sign of the movie’s success, owed equally to Mamet’s script and this cast, is that it does a great sales job in itself, convincing us that there’s nobility to men who lie for a living — a bill of goods we’re all too happy to buy. [more inside]
posted by Trurl on Sep 29, 2011 - 67 comments

We appreciate your candor

BBC News asks independent trader Alessio Rastani "what would keep investors happy, make them feel more confident?" and gets a surprisingly honest answer: "Personally, it doesn't matter. See, I'm a trader. I don't really care about that kind of stuff. If I see an opportunity to make money, I go with that. So, for most traders, we don't really care that much about how they're going to fix the economy, about how they're going to fix the whole situation; our job is to make money from it. And, personally, I've been dreaming of this moment for three years. I have a confession which is I go to bed every night and dream of another recession, I dream of another moment like this." [SLYT]
posted by finite on Sep 26, 2011 - 235 comments

The 6th Force

Capitalism is an unparalleled vehicle for meeting human needs, improving efficiency, creating jobs, and building wealth. But a narrow conception of capitalism has prevented business from harnessing its full potential to meet society's broader challenges. The opportunities have been there all along but have been overlooked. Businesses acting as businesses, not as charitable donors, are the most powerful force for addressing the pressing issues we face. The moment for a new conception of capitalism is now; society's needs are large and growing, while customers, employees, and a new generation of young people are asking business to step up. The purpose of the corporation must be redefined as creating shared value, not just profit per se. This will drive the next wave of innovation and productivity growth in the global economy. It will also reshape capitalism and its relationship to society. Perhaps most important of all, learning how to create shared value is our best chance to legitimize business again. ~ Creating Shared Value by Michael Porter & Mark R. Kramer (PDF) [more inside]
posted by infini on Sep 18, 2011 - 27 comments

An invitation to rebellion, and your window to weight gain!

For China, yesterday marked the Mid-Autumn Festival, when Chinese at home and abroad gather to worship the Moon Rabbit, carry paper lanterns, and eat mooncakes. From its humble beginning as an agitprop-stuffed pastry, the mooncake has become a strong futures commodity in the People's Republic. Accordingly, authorities are stepping in; apparently everyone wants a piece of the pie cake.
posted by obscurator on Sep 13, 2011 - 31 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

or would people start to ask why the wealth of knowledge and culture was being enclosed within restrictive laws, when “another world is possible” beyond the regime of artificial scarcity?

Given the material abundance made possible by the replicator, how would it be possible to maintain a system based on money, profit, and class power? Towards an Anti-Star Trek. [more inside]
posted by gerryblog on Jul 15, 2011 - 147 comments

Rich Finks

Mark Ames delves into the FBI documentation on surveillance of the Yippies and dredges up the anti-capitalist core of 60's radicalism.
posted by clarknova on Jul 10, 2011 - 28 comments

the feeling is great after he cut the chair piece to piece

"For his new project, Err, artist Jeremy Hutchison contacted various factories around the world, and asked if one of their workers would produce an 'incorrect' version of the product they make every day: in doing so, the functional objects became artworks. Hutchison has also kept all of the correspondence with the factories as part of the project."
posted by Potomac Avenue on Jul 5, 2011 - 27 comments

The Total-Corporate State May Have Arrived

Rob Horning has a wide-ranging and insightful essay up at n+1 that seeks connections between three apparently disparate phenomena: global fast-fashion retailers with dubious labor practices like H&M and Forever 21; self-presentation on social media web sites; and neoliberal capitalism's new demands for workers to embrace precarity by endlessly reinventing their identities. [more inside]
posted by AlsoMike on Jun 6, 2011 - 59 comments

Madison Avenue no longer marketing to the middle-class as the rich have all the money.

According to Financial Blog TooMuch, a new white paper from AdAge claims that the era of "Mass Affluence is over". This means that because the middle-class no longer have the dominent share of disposable income that marketing directly to the super-rich is the future of advertising. This means that if you're over 35 and make $100,000 to $200,000, Madison Avenue no longer really cares about you.

Apparently no one in America really realised what it meant that "The top 10 percent of American households.. now account for nearly half of all consumer spending, and a disproportionate share of that spending comes from the top 10’s upper reaches."

It reminds me of that Steinbeck quote, that 'Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.'
posted by rudhraigh on Jun 1, 2011 - 163 comments

We're trapped in the belly of this horrible machine, and the machine is bleeding to death

All Watched Over by Machines of Loving Grace is the name of a new documentary series by Adam Curtis. The first episode, Love and Power [BBC iPlayer], draws connections between Ayn Rand, Alan Greenspan, an experiment by Pixar co-founder Loren Carpenter, the Californian Ideology of Silicon Valley in the 90s, Bill Clinton's presidency, and the persistence of the global capitalist hegemony in the face of continuing economic crisis. Curtis discusses his ideas in the Guardian.
posted by Acey on May 26, 2011 - 79 comments

the benefits of work sharing

Work Sharing - "Work-sharing schemes, in many different forms, are becoming the norm in Holland and Denmark, and have made inroads in France and Germany. The key element in any such approach is to separate work from income. [more inside]
posted by kliuless on May 22, 2011 - 25 comments

smaller companies are using robots

Made in America: small businesses buck the offshoring trend - "For US manufacturing to make sense, factories must make extensive use of automation. That's getting easier, given that the cost of robots with comparable capabilities has decreased precipitously in the past two decades." [more inside]
posted by kliuless on May 20, 2011 - 52 comments

The means of production

‘Everyone is a worker.’ That is a powerful statement, if you think about it. Richard Scarry wasn’t afraid to paint contemporary American society in such bold strokes. Nor was he afraid to explain commerce and capitalism to children. - What Do People Do All Day.
posted by Artw on May 4, 2011 - 34 comments

speculative, but instructive, economics

In a pinch, upgrade the humans or redistribute the robots - "[S]uppose [as a factory owner] I replace all my workers with machines... This squeeze has many implications, one of them being that here is an important sector of the economy in which more or less all the gains accrue to the owners of capital and more or less none to the working class..." [more inside]
posted by kliuless on May 1, 2011 - 98 comments

Capitalism for the Long Term

In Capitalism for the Long Term Managing Director of McKinsey & Company Dominic Barton sums up his prescriptions for the future of corporate governance for the Harvard Business Review. [more inside]
posted by ob1quixote on Feb 22, 2011 - 42 comments

more of the same

Life after Capitalism - Beyond capitalism, it seems, stretches a vista of... capitalism: [more inside]
posted by kliuless on Jan 25, 2011 - 33 comments

entrepreneurial paradise

In Norway, Start-ups Say Ja to Socialism - We venture to the very heart of the hell that is Scandinavian socialism—and find out that it's not so bad. Pricey, yes, but a good place to start and run a company. What exactly does that suggest about the link between taxes and entrepreneurship?
posted by kliuless on Jan 20, 2011 - 52 comments

Benjamin Franklin's Advice to a Young Tradesman

Always remember that time is money. [more inside]
posted by Philosopher's Beard on Jan 18, 2011 - 22 comments

Why value the donations of rich people more than those of the poor?

How Private Is 'Private Charity'? Private charity may be more accurately described as "private donations coupled with involuntary, tax-financed public subsidies." And it's not fair: "very low-income people paying only payroll taxes get hardly any leverage for their donations. Very high-income people in states with high income-tax rates – such as New Jersey and New York – can through the tax code virtually double the money funneled to a charity per dollar of their own sacrifice." (previously)
posted by kliuless on Jan 17, 2011 - 39 comments

Communists and Religion and Corporations and Capitalism and Taxes and the 9th Circuit, oh my!

How do you tax religious communists engaged in capitalism through an exempt religious corporation? The Stahl Hutterian Brethren is a 65-member community of Hutterites that runs a 30,000 acre farm in Washington. The community is incorporated as a religious corporation. Its members give all their "time, labor, services, earnings, and energies" to the community. They disavow individual property ownership, draw no salary, and do not contribute to or collect Social Security benefits. Instead, the community provides for its members' personal needs. And now it is the subject of the most fascinating 9th Circuit tax case [PDF] you'll read this year!

But before you dig into the 9th Circuit opinion, here's a great summary and commentary by law professor Shaun Martin. The case addresses the very tricky question of whether, as employees of a non-profit religious corporation, the community members should be allowed to deduct their living expenses, which are paid for by the corporation (they're communists, after all). Tricky additional fact: The 65-member community is all one big family.
posted by The World Famous on Dec 13, 2010 - 36 comments

Distributism Review

Distributist Review promotes distributism (wiki), a "third way" of economics between capitalism and socialism, inspired by Catholic social teaching. Popularized by G. K. Chesterton (more, more), Fr. Vincent McNabb (more, more), Hilaire Belloc (more, more), and E. F. Schumacher (more, more, more), as well as through the pages of the Catholic Worker (more, also), distributism seeks to put "productive" property into the hands of the many, with implications for urban homesteading and agricultural reform, as well as the rebirth of the guild as an idea. Distributism is not merely an economic system - it is wholly fused with Catholic teachings, fusing the left and right, standing against modern, liberal political and sociological thought. [more inside]
posted by Sticherbeast on Nov 28, 2010 - 33 comments

Matt Taibbi strikes again

Matt Taibbi strikes again. Having gone after the investment banking industry, incidentally attaching a description to Goldman Sachs in ways their PR machine is still trying to peel off, his latest article in Rolling Stone illuminates the pervasive fraud at the heart of the foreclosure scandal. [more inside]
posted by pharm on Nov 12, 2010 - 105 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

You have nothing to gain but free time.

Workers of the world, relax. via
posted by DU on Oct 12, 2010 - 24 comments

The Trouble With The View From Above

The Trouble With The View From Above. James C. Scott at Cato Unbound has an interesting essay on what we gain - and what we lose - when we trade localized, vernacular categories for the uniform, official categories of a state. His ideas are fleshed out more in his book, Seeing Like A State. Economist Donald Boudreax responds. Brad DeLong and Timothy Lee have forthcoming responses.
posted by Sticherbeast on Sep 13, 2010 - 22 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

mad as hell

Dylan Ratigan's Howard Beale Moment (via se) [more inside]
posted by kliuless on Jul 19, 2010 - 35 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

"I wouldn't want to live in a world without atoms."

The Peter Nguyen essays of 1999-2004 -- brilliant, illuminating, one-page studies of: [ Influential Person in World War 2: Jimmy McPersonBiography: Christopher ColumbusThe Stations of the Cross ReportBiography: Walt WhitmanU.S. Capitalism and Influence on Foreign NationsAtoms ]Bonus: Andrew Horowitz's "Preserving the Future: The Fight to Save Pop Rocks"
posted by not_on_display on May 26, 2010 - 12 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

Paying the Kill Fee

Chris Ware was commissioned by Fortune to illustrate their May cover. His "hilarious, beautiful, meticulous" submission, which included "Guantanamo Bay prisoners, Mexican factory workers, and a few potshots at business execs and money-grubbing politicians," was rejected. Hi-res Flickr version here. Previously (1, 2)
posted by infinitefloatingbrains on Apr 24, 2010 - 77 comments

Who's in charge of a company, anyway?

The myth of shareholder capitalism. It's commonly believed that a company's primary duty is to maximize shareholder value. Anything that might reduce the returns to shareholders is questionable, including giving employees good wages and benefits. According to a recent article in the Harvard Business Review, this is a misconception, and corporate management is being taught the wrong lessons based on obsolete case law. [more inside]
posted by Lexica on Apr 2, 2010 - 40 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

Solidarity Economics.

Solidarity Economics. (pdf) Strategies for Building New Economies From the Bottom-Up and the Inside-Out. [more inside]
posted by lunit on Jan 2, 2010 - 11 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

Only the super-rich can save us!

SLJaredDiamondOp-Ed: As part of my board work, I have been asked to assess the environments in oil fields, and have had frank discussions with oil company employees at all levels. I’ve also worked with executives of mining, retail, logging and financial services companies. I’ve discovered that while some businesses are indeed as destructive as many suspect, others are among the world’s strongest positive forces for environmental sustainability. [more inside]
posted by gerryblog on Dec 11, 2009 - 52 comments

They want capitalism back

First they wanted socialism. Now they want capitalism back. Rescued from bankruptcy by UK taxpayers, the directors of the Royal Bank of Scotland are threatening a mass resignation unless they are permitted to share £1.5 billion in bonuses. Some people have asked why we have to share the bad times but not the good.
posted by bobbyelliott on Dec 3, 2009 - 69 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

Busy Bee Hardware, Est. 1918

Busy Bee Hardware, Est. 1918 (via)
posted by Joe Beese on Nov 17, 2009 - 39 comments

The Gervais Principle

The Gervais Principle, Or The Office According to “The Office”. Warning: link may evoke baleful despair!
posted by East Manitoba Regional Junior Kabaddi Champion '94 on Oct 16, 2009 - 57 comments

Capitalism Is Evil

Director Michael Moore now wants nothing less than the complete overthrow of the modern capitalist system. [more inside]
posted by philip-random on Sep 7, 2009 - 367 comments

Everyone agrees. It's about to explode.

The Coming Insurrection (pdf) (in French) by the Invisible Committee. [more inside]
posted by jrb223 on Jul 21, 2009 - 28 comments

Will Pique Your Curiosity in the Most Delightful Way

SkyMall product reviews. [more inside]
posted by Potomac Avenue on Jul 20, 2009 - 47 comments

Financial innovation, you say?

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 Great American Bubble Machine

"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 - 76 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

Gee, 20

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

Page: 1 2 3 4 5 6