Reimagining Capitalism
Marc Fischer, in Capitalist Realism, exposes us the quote,"it is easier to imagine an end to the world than an end to capitalism.” If Capitalism is to be the economic system that will define humanity going forward, we must acknowledge what it is, the pros and cons, and how to make it more equitable.
Without journalism, you get guaranteed corruption – fine for big companies that are keen to keep their dealings away from the public, and politicians and criminals who can entrench themselves in power and wealth, no questions asked. The big tech platforms don't care about journalism, they care about traffic, so fake news tastes just as good and if
... See moreWiltshire arrives at similar results: Workers in counties where a Walmart opened experienced a greater decline in earnings than they made up for with cost savings, leaving them worse off overall. Even more interesting, he finds that the losses weren't limited to workers in the retail industry; they affected basically every sector from manufacturing
... See moreMeta is a company that encourages a culture of "see no evil, hear no evil," former company engineer Arturo Bejar said on Tuesday.
He was testifying in front of a Senate Judiciary subcommittee hearing centered on how algorithms for Facebook and Instagram (both owned by parent company Meta) push content to teens that promotes bullying, drug abuse,
... See moreThe hallmark of a private-equity deal is the so-called leveraged buyout. Funds take on massive amounts of debt to buy companies, with the goal of reselling in a few years at a profit. If all of that debt becomes hard to pay back—because of, say, an economic downturn or rising interest rates—a wave of defaults could ripple through the financial
... See morewhat’s between capitalism and socialism?46
A man cannot directly choose his circumstances, but he can choose his thoughts, and so indirectly, yet surely, shape his circumstances.
it’s worth noting that as much as the current forms of attention capitalism exist to take our attention, there is some very deep part of us that wants it taken.
The deal we struck with Google for all that nice free stuff, the affordable mobile phone ecosystem, the entertaining videos etc. has proved a deal with the devil
It's becoming increasingly obvious that the real priority of those running the world for the last few decades has not been creating a viable form of capitalism, but rather, convincing us all that the current form of capitalism is the only conceivable economic system, so its flaws are irrelevant. As a result, we're all sitting around dumbfounded as
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