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.
Wasserstein & Co. and Highfields Capital Management LP bought the specialty-food retailer Harry & David, they also forced the company into bankruptcy and pushed pension obligations onto the PBGC, but not before giving themselves $80 million in dividends. (After Harry & David went bankrupt, the CEO of Wasserstein defended its acquisition
... See moreIn the Roaring ’20s, the lack of corporate disclosure allowed a massive financial crisis to build up without anyone noticing. A century later, the growth of a new shadow economy could pose similar risks.
Highlights the issues that can arise even within a fair trade framework
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
This system, which allows private-equity firms to succeed when their companies, customers, and employees fail, is broken.
Recent history shows the political danger in threatening low consumer prices. The public's reaction to the inflation of the past few years suggests that many Americans would rather be slightly poorer but have price stability than be richer but with more inflation. That will tempt policy makers to prioritize low prices above all else and embrace the
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