Vulture Capitalism: Grace Blakeley’s new book is smart on what has gone wrong since the 1980s: Vulture Capitalism argues that there's no fixing the system. Bloomsbury, CC BY-SA Vulture Capitalism: Corporate Crimes, Backdoor Bailouts and the Death of Freedom is the latest book from the English economic and political journalist – and rising progressive star …
Dystopian games: how contemporary stories critique capitalism through deadly competition: If our nightmares change, what does that tell us about our waking lives? Dystopian stories, from novels and films to games, have often been considered a pessimistic reflection on the direction society is going in. Classic dystopias usually offer a vision of a totalitarian state, …
The American right has gone to war with ‘woke capitalism’ – here’s what they get wrong: Leading the charge: Florida Governor Ron DeSantis. EPA Ron DeSantis, Florida’s Republican governor and likely future presidential contender, has opened up a new front in his party’s war on “woke capitalism”. He is proposing to change the rules around how …
Invisible Trillions review: global capitalism operates beyond the rule of law and threatens democracy: Achieving greater transparency and accountability in democratic governance and in capitalist economics must occur simultaneously. shutterstock Secrecy has become as important for corporations as transparent and taxable profits used to be, according to Raymond W. Baker in his new book Invisible …
What capitalism can learn from the religions of the world: The answers are there if you look for them. Yogendra Singh, CC BY-SA It may be the season for peace on Earth and goodwill to all men, but you don’t have to look very far in the financial pages to find stories about businesses doing …
How China combined authoritarianism with capitalism to create a new communism: After the 1989 fall of communism in the Soviet bloc, five self-declared communist states remain today: China, Cuba, Laos, North Korea and Vietnam. Belarus and Venezuela can also be added to the mix as they fulfil the criteria of a communist state – even …
South Africa in the news: Race and capitalism: no easy answers, but posturing will get South Africa nowhere: However, one explanation which has been touted in various quarters has been that the upheaval was the outcome of ‘the racial capitalism’ to which South Africa has been subjected over the centuries.: “South Africa” – BingNews Metrorail …
Race and capitalism: no easy answers, but posturing will get South Africa nowhere: Looters make off with supplies during the unrest that hit parts of two provinces in South Africa in July. EFE-EPA/Stringer It is likely that historians will conclude that there was no one reason why the recent riots and looting of supermarkets, shops …
Book calls for a rethink of capitalism amid the ravages of COVID-19: A woman sweeps outside her shack in Khayelitsha, Cape Town. South Africa is among the most unequal societies in the world. Getty Images Instead of being the great leveller, as pandemics have been throughout history, the coronavirus pandemic has revealed and compounded pre-existing …
COVID-19 vaccines are a victory for public research, not ‘greed’ and ‘capitalism’: Boris Johnson, the UK prime minister, reportedly attributed the success of the COVID-19 vaccines to “capitalism” and “greed”. But he is wrong – the idea that private ingenuity and naked competition produced the vaccines is a complete fantasy. Before COVID-19, the vaccine market …
Carbon offsets offer a fantasy of capitalism without crises: Governments, companies and sometimes entire sectors are increasingly proposing to use carbon offsets in response to the deepening climate crisis. In theory, offsetting allows organisations to compensate for their own emissions by paying towards low-carbon projects elsewhere, but the practice has been mired in scientific problems …
South Africa in the news: Racial capitalism and justice in the era of climate crisis: Why climate change at all? What does that have to do with racial capitalism or global justice? Simple: when crisis strikes, elites will scramble to organise the institutions they have captured, to …: “South Africa” – BingNews 2nd US case …
The painful post-Soviet transition from communism to capitalism – Recovery podcast series part five: In this fifth episode of Recovery, a series from The Anthill Podcast exploring key moments in history when parts of the world recovered from a major crisis or shock, we’re looking at what happened in the former Soviet Union in the …
Barbudans are resisting ‘disaster capitalism’, two years after Hurricane Irma: "The recovery? Look around. It been nearly two years … and I want people to know things are still bad here" – Barbuda resident Fifi. Tamzin Forster, Author provided It’s been nearly two years since Hurricane Irma devastated the tiny Caribbean island of Barbuda. Gusts …
How shareholder profits conquered capitalism – and how workers can win back its benefits for themselves: Wolves on Wall Street, but perhaps the time of shareholders' rule is drawing to an end. robert cicchetti/Shutterstock In the early days of industrial capitalism there were no protections for workers, and industrialists took their profits with little heed …
Modern capitalism has opened a major new front for strike action – logistics: Hard hats at the ready. Sorapop Udomsri The decline of trade unions across the developed nations is nothing new. In the US the proportion of workers in unions fell from a high of 35% in 1954, mostly in the private sector, to …
Why capitalism wins. And how a simple accounting move can defeat it: Blazing remnants of the off shore oil rig Deepwater Horizon, off Louisiana, in 2010. The losses produced by polluting companies should cost as 'negative' for a country's growth. Reuters/US Coast Guard/Files Notwithstanding its many flaws and centuries of criticisms, capitalism is still the …