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256 posts tagged with capitalism.
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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

great generation or greatest generation?

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

The Future of Capitalism

"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

whither or wither?

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

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

What's going on at Circuit City?

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

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

The forgotten Holocaust

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

Disaster Capitalism

"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

Taking Affirmative Action Against Crime and For Economic Reconstruction

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

Dead labour.

A close reading of the text of Volume One of Marx's Capital in 13 two-hour video lectures by David Harvey. (Two online so far) David Harvey is a Distinguished Professor of Anthropology at the City University of New York. He has been teaching Karl Marx's Capital, Volume I for nearly 40 years. Marx biographer Francis Wheen speaks on NPR as to why the book remains required reading.
posted by Abiezer on Jun 16, 2008 - 46 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

Žižek!

"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

The Brilliant Issue

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

The 'advantage' of 'low human rights'

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

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

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