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.
The point is this: we all must give a fuck about something, in order to value something. And to value something, we must reject what is not that something. To value X, we must reject non-X.
When people are allowed to comply, wherever they
live, things solve themselves. Small countries prosper,
because they get more tasks to perform. Great countries
prosper, because they get more resources by which to prevail.
the great one to do what is natural for it, which is to yield. If
the great
Meanwhile, interest rates have reached a 20-year high, posing a direct threat to private equity’s debt-heavy business model. In response, many private-equity funds have migrated toward even riskier forms of backroom financing. Many of these involve taking on even more debt on the assumption that market conditions will soon improve enough to restore
... 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.
We are still mostly misdirected, turned away from the wisdom that is our inheritance. Joanna Macy speaks of the “great turning,” a collective awakening and shifting direction, away from the wanton destruction of this planet and each other, away from those practices of separation and competition listed above, towards life and abundance. I like this
... See moreWhile falling prices might seem desirable to consumers, economists generally agree deflation is bad. Economywide price erosion typically comes with lackluster corporate investment, wage cuts and a mood of pessimism. No one celebrated when consumer prices fell more than 25% in the U.S. between 1930 and 1933, the outbreak of the Great Depression.
Sun Capital was able to reacquire Friendly’s free of its pension obligations, without spending anything more than the money it had already lent out. Pensioners lost in this process because their payments were at risk of being cut. Many of the chain’s existing employees lost as well: 63 restaurants closed as part of the bankruptcy process. The Blake
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