Capitalism


Katherine Boyle on American Dynamism
Being an artist within an economic system that favors private property, capital accumulation, wage labor, a price system, and competitive markets belittles my practice into a hobby. I am an amateur with no artist statement, thesis show, or MFA. The money I invest in creating art is a temporary loan to myself that I feel pressured to repay quickly... See more
Cortney Cassidy • A soft manifesto
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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
The Antitrust Division will hopefully respond with “No, your search engine was awesome, but it’s increasingly ad-filled crap. You’re too powerful, you’re too lazy, and America needs some real competition.”
Matt Stoller • The First Big Antitrust Trial of the Century Is About to Start
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