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.
“Mitch, if you’re trying to show off for people at the top, forget it. They will look down at you anyhow. And if you’re trying to show off for people at the bottom, forget it. They will only envy you. Status will get you nowhere. Only an open heart will allow you to float equally between everyone.”
This system, which allows private-equity firms to succeed when their companies, customers, and employees fail, is broken.
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
First, they exterminate their competitors, which is something that never happens in the wild.
Breaking the link between work and wages has as much power in our lives as the recognition that money is simply something we trade our life energy for. Money is our life energy; it takes its value not from external definitions but from what we invest in it. Similarly, paid employment takes its only intrinsic value from the fact that we are paid to
... See moreAmerica learned the hard way what happens when corporations operate in the dark. Before the Great Depression, the whole U.S. economy functioned sort of like the crypto market in 2021. Companies could raise however much money they wanted from whomever they wanted. They could claim almost anything about their finances or business model. Investors
... 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 morePopulist movements — on both the right and left — argue that liberalism has failed to deliver on its lofty ideals. Instead of liberty, equality, and prosperity, it has brought about widening inequality, the breakdown of traditional communities, and unchecked power for an elite class that is increasingly detached from ordinary people.