By William Rivers Pitt, Truthout — Anyone who cracked open the business pages of the major papers on Monday morning was confronted by an avalanche of self-congratulation from the CEO caste and its idolaters. The Business Roundtable (BRT) — a large cohort of massive businesses that has been bending the economy to its will since 1972 — announced that it is “rewriting how it views the purpose of a corporation,” according to The Washington…
Public ownership may terrify some in the U.S. but these four enterprises show it’s already far more common than many people realize. By Teke Wiggin, Huffpost — Socialism is buzzing. Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.), two supporters of democratic socialism, are media stars. American millennials have a more positive view of socialism than capitalism. And President Donald Trump used his State of the Union speech to…
Capitalism co-opts our best visions — through its soft hand, capital reforms its way out of crisis, putting forward more tolerable forms of exploitation. By Clara Mejia-Gamboa & Daniel Sullivan, Roar Magazine — These days, it seems customary to begin any political commentary with the laundry list of indicators of global decline: exploding wealth inequality, looming environmental collapse, and the resurgence of overt racial terror in far-right governments. We are…
Atlanta, GA — The “Buy Black” movement draws the attention of a French news outlet. In this video you’ll hear from Killer Mike (Rapper, Activist), Dr. Boyce Watkins (Author, Economist), and Sharif Abdul Malik (Founder, WeBuyBlack) who withdraws money from Bank of America to deposit into a Black owned bank. This video was originally posted on France24.com, September 27, 2016 Also See: Newark As Model City National Town Hall…
Revulsion is building towards the smokescreens of hypocrisy, racism, and nationalism barely masking capitalism’s ongoing failure to provide the jobs and incomes people need. By Richard Wolff, Common Dreams — In the wake of W.E.B. DuBois ’s 150th birthday, his works offer a lens through which to assess US capitalism’s relationship to racism today. He famously wrote: “Capitalism cannot reform itself; it is doomed to self-destruction,” while adding…
“The modern capitalist world would not exist without colonialism and the drain,” says Indian economist Utsa Patnaik By Sean Bell, Common Space — BRITAIN impoverished India over the course of its colonial rule by a staggering £9.2 trillion, laying the groundwork for modern international capitalism and holding back present-day India’s ability to escape poverty, a leading Indian economist has claimed. Utsa Patnaik, Professor Emeritus at Jawaharlal Nehru University’s Centre for Economic…
Historian Marcus Rediker spoke to Ken Olende about the struggles that took place aboard the ships of early capitalism. By The Socialist Worker — The first strike wasn’t in a factory or an office. It wasn’t even on land. US historian Marcus Rediker explains how sailors in England fought against a wage cut in 1768. “They went from ship to ship and took down the sails. That’s called striking the sails….
By Antony Hamilton — People across the political spectrum acknowledge that racism exists, but its origins are shrouded in mystery—deliberately so. Racism is presented as if it has always existed, and individuals make a personal choice to be racist. In reality racism was developed as a means of justifying the transatlantic slave trade, which was crucial for the birth of industrial capitalism. According to one account of the “middle passage”—the journey…
By “dangling the carrot” to improve worker productivity, businesses are taking a page from slavery’s playbook. By Caitlin C. Rosenthal, Boston Review — In 1911 a congressional special committee convened to investigate the impact of new business practices on the lives of workers. Of particular interest to the committee was something called scientific management, a technique that sought to measure and improve worker productivity. The system’s most vocal proponent, a…
By Dan Berger, Public Books — I once asked a class at a prison in Washington State how they would describe the relationship between capitalism and incarceration. “They get you coming and going,” someone quickly offered. Perhaps he had in mind the legal financial obligations that are levied against many people upon their conviction.1 He also could have been referring to the exorbitant costs of commissary supplies. In January, Florida prisoners announced…
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