Capitalism

Blue Cross and Blue Shield began as nonprofits that insured all comers. But as big profit-seeking insurers targeted younger and healthier people, the Blues were left to insure the older and less healthy, which made it impossible for them to continue. They turned to making money. Now, private equity runs hospitals, into the ground.
Robert Reich • How private equity is destroying the labors of love
Luxury surveillance is a phenomenon where "some people pay to subject themselves to surveillance that others are forced to endure and would, if anything, pay to be free of." You might buy a GPS bracelet to track your biometric data (which will be used by other firms), while others might be forced to wear one (and still pay for it) as part of their... See more
Super Apps Are Terrible for People—and Great for Companies
Most analysts of capitalism, following nineteenth- and twentieth-century leads, have ignored the formation of “raw” materials, taking them for granted as capitalist resources. Yet these materials have their own genealogies of production outside the capitalist purview, and our recent awareness that capitalism is destroying Earth’s livability makes... See more
Anna Lowenhaupt Tsing • Salvage Accumulation, or the Structural Effects of Capitalist…
“We have to overcome some legal hurdles, but we could unionize musicians tomorrow,” DeFrancesco said. “SAG is like an alternate history for musicians. We’ve done all this before and won, just not within recent memory.”
Some musicians are in fact unionized. The American Federation of Musicians, with 80,000 members in the U.S. and Canada, collectively... See more
Some musicians are in fact unionized. The American Federation of Musicians, with 80,000 members in the U.S. and Canada, collectively... See more
August Brown • Musicians deal with stingy streamers and AI threats, too. So why aren't they on strike?


