Nixon froze wages and stopped an inflation dead. Dr. Richard Wolff discusses how things could have been done differently. Harriet Fraad reveals who has needlessly suffered most and why.
What connects slave labor, the ruthless extraction of foreign natural resources, wars of aggression, and regular mass shooting episodes in the US?
Systemic Disorder
"Violence, force and coercion — exemplified in widespread use of slave labor, imperialist conquests of peoples around the world...
What should the creation of AI lead to and how it will affect human society. I grew up in the USSR under socialism, when there was free medicine, secondary education and higher education - those who passed the competition for admission to the university.
Also, under socialism, everyone was...
If tradable shares as enshrined in corporate law "weaponized" capitalism, is it time to revisit the scene of the crime?
Opinion | A world without capitalism is not too hard to envision
"Confronting rentier capitalism and fashioning firms for which social responsibility is more than a marketing...
In a fascist system, the State is supreme and exists for the benefit of the nation and its citizens. It is explicitly nationalist.
In a communist system, the State is supreme and exists for the benefit of the party and the international proletariat. It is explicitly globalist.
In a capitalist...
In a dream from last night, I am inside a Walmart in Vacaville although the store layout appears different. I and four or five young men and women in their mid to late 20s are planning to destroy the store by rearranging the shelves and aisles. We can move them easily. I push some to the front...
For the second POTUS election in a row elite Democrats assumed that running as not-Donald Trump would be a winning strategy, yet, in spite of having twice as much money as Republicans, Democrats showed, once again, running weak candidates with no agendas for people who are not among the richest...
How did Karl Marx view the exchange value of human slavery?
Karl Marx Fought for Freedom
"Marx did not view the large-scale enslavement of Africans by Europeans, which began in the early sixteenth century in the Caribbean, as a repeat of Roman or Arab slavery, but as something new.
"It...
There's a Crisis in US Capitalism - CounterPunch.org
"Trump is a product and sign of U.S. capitalism’s exhaustion.
"The long, cozy governmental alternation between GOP and Democrats after the trauma of the 1930s Great Depression had achieved its purpose.
"It had undone FDR’s redistribution...
The left works very hard to create a narrative that capitalism is "evil" or "immoral" despite the fact that it has done more to raise the standard of living for all of mankind in 100 years than every system ever combined did in thousands and thousands of years.
And once again we see...
Rod and I have both noticed the DNC has been rebranding itself in the recent years. Instead of being the Democrats they now use Democratic as their new brand. Rod asked me about it last night as he couldn't quite get his head wrapped around why they are doing that. Here is the obvious difference...
What's to blame for escalating protests in Hong Kong, capitalism or Communist China?
Why it’s wrong to blame Beijing for Hong Kong protests
"Hong Kong’s civil unrest is motivated less by democratic dreams than by a crushing hopelessness in the face of growing inequality
Capitalism’s failures...
Donald Trump was born into the ruling class.
He was a millionaire by age eight.
Racism was likely a staple of his childhood.
He gets a pass today because of his alleged "well earned wealth" when, in reality, everything he's accomplished sprang from an accident of birth.
He's the corrupt...
Super Capitalism. You have 2 cows. You move them to a land where milk isn't taxed and sell it with currency central banks don't control. https://www.youtube.com/watch?v=bCtr8I0g9Ng
Soon, no government tax milk because all the cows move somewhere else if they do.
Super Capitalism is like normal...
Capitalism stands democracy on its head by allowing a wealthy few to acquire vast private fortunes at public expense; socialism advances social use rather than private profits.
"Capitalism arises from relations of private-ownership that allow a wealthy minority to control all the resources...
Any economic system dependent upon unpaid labor (slavery) for its first century of "success" in the US should settle the question of profits over people, but obviously ignorance is bliss for many 21st Century consumers
MR Online | Marx and the Dutch East India Company
"In the final part of...
NATION STATE: At The Apostolic Palace, The King Of Vatican City Calls For A One World Government More Powerful Than The United Nations • Now The End Begins
<- the link is just a sample. Should I remove it?
People say that one world government is bad.
I agree.
Imagine if Germany is one...
For distinctions between our system, as intended by our Founders, and “Capitalism”, see: PART TWO: Free Enterprise is Better than Capitalism The following descriptions of “Capitalism” and “Free Enterprise” are noted as follows:
Capitalism (crony capitalism) : A system where the law...
Someone told me that my idea of privatization of states is not libertarianism. It's ancap. I thought about it.
I thought I am a very moderate libertarian. Libertarians see governments as oppressors. I see governments as a very inefficient protectors. Libertarians see others as parasites (I used...
Imagine if I have a corporation.
Say some share holders breed and breed and breed and breed. No problem. The share holders and their descendants will only have the same number of shares.
However, democracies and georgism have a problem.
Democracies give votes for every people. One man one...
"The evidence suggests that corporations might encourage people to think and act more anti-socially. What does owning stock do to our brains?"
"It's conventional wisdom in business circles today that corporate directors should 'maximize shareholder value.'
"Corporations supposedly exist to...
The indisputable, undeniable fact is that capitalism has been wholly responsible for raising the standard of living for all of mankind. For thousands of years, mankind toiled in misery under Kings and Queens. In 1776, Americans rise up and defeat the British. They implement a republic...
Jimmy Kimmel's recent viral monologue is a prime example of how the left values irrational emotions over logic and reason. That is why the left supports failed ideologies such as socialism, communism, etc. Because it feels good to them. They could care less that it ends in poverty, misery, and...
I have been trending more towards mutualism lately. I am also a syndicalist, which I believe is superior to vertically organized companies.
I believe it would be easier to speak for what I want though. I want to live in a society with voluntary capital interactions in a toned down sustainable...
Wall Street On Parade
“Back in 2002, Mark Belnick, who had previously been one of the legal go-to guys for Wall Street as a rising star at corporate law firm Paul,Weiss, Rifkind, Wharton & Garrison, found himself transplanted as General Counsel at fraud-infested Tyco International. Mr. Belnick...
The left and that utopian dream that everyone will be the same will never ever happen...
Two Cheers for Capitalism
The misguided leftist hatred of the free market.
February 24, 2016
Bruce Thornton
If you want a monument to the failure of American schools, just look around a Bernie...
What is the ultimate purpose of an economic system? It could basically be defined as a way to produce and distribute the goods and services needed by the society it serves. Okay, but how can we measure the success of the system we choose? Here are some ways:
Every individual gets to enjoy the...
I want Bill Gates, and all people who have gotten rich legally off of business, to get richer. The fact that Gates is worth Billions, doesn't negatively effect me at all. In fact, it helps. Let's look at it.
Whoever buys software from Mircrosoft gave them $300 or so to make their life easier...