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Capitalism

People react as President Trump speaks to supporters at a rally on August 15, 2019, in Manchester, New Hampshire.

Henry A. Giroux: Neoliberal Capitalism Sets the Stage for Fascism

By Commentaries/Opinions

By Kelly Wilkins, Media For Us — We spoke with cultural critic and one of the founding theorists of critical pedagogy, Henry Giroux, about his latest book, The Terror of the Unforeseen, in which he warns that the economic tyranny of neoliberal capitalism and a culture of cruelty and objectification set the stage for Trump’s rise and the emergence of fascism. This interview has been edited for brevity and clarity. Media…

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JPMorgan Chase CEO Jamie Dimon, AT&T CEO Randall Stephenson and Boeing CEO Dennis Muilenberg speak during the Business Roundtable (BRT) CEO Innovation Summit in Washington, D.C., on December 6, 2018. Since its inception, BRT has been at the forefront of corporate resistance to pro-consumer, pro-union legislative efforts.

A Bunch of CEOs Want to Fix Capitalism. You Can’t Fix Anything Built on Slavery.

By Commentaries/Opinions, Reparations

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…

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A sign posted on a construction site says, "Danger Due to Capitalism."

Beware the Soft Hand of Capital

By Editors' Choice

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…

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Faith leaders from communities throughout New York City lead a demonstration and prayer vigil on the steps of City Hall in protest to the Staten Island, New York grand jury's recent decision not to indict a police officer involved in the chokehold death of Eric Garner in July on December 12, 2014 in New York City.

The Capitalism/Racism Partnership- The Basics

By Editors' Choice

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…

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Engraving of the women pirates Ann Bonny and Mary Read by Benjamin Cole, circa 1724

Motley mutinies, popular pirates and slave revolts at sea

By Reparations

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….

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William Lloyd’s Coffee House in London specialized in being the first in getting marine news, such as arrivals and shipwrecks. Merchants and traders profited from the transatlantic slave trade before abolition, not only in the buying and selling of slaves, but also in the whole marine business of ship insurance and mortgages to sea captains.

The Surprisingly Long History of Racial Oppression in Coffeehouses

By Editors' Choice, Reparations

Centuries before two Black men were arrested at a Philadelphia Starbucks, capitalists met at coffee shops to profit from the transatlantic slave trade. By Tasha Williams, Yes Magazine — An 18th-century ad tells us that a dozen or so men, women, and children of African heritage were scheduled for buyer’s inspection one Saturday, just outside the entrance of the London Coffee House in Philadelphia. The Stamp Act protests and other famous anti-British…

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