Capitalism

Nick Hanauer is a rich guy, an unrepentant capitalist — and he has something to say to his fellow plutocrats: Wake up! Growing inequality is about to push our societies into conditions resembling pre-revolutionary France. Hear his argument about why a dramatic increase in minimum wage could grow the middle… »

At the International Social Forum organised by the UK Labour Party on the 13th and 14th of July 2019 a host of international speakers attended to give talks on subjects from global economics, climate crisis, global finance and accountability, movement of people and trade protectionism.  We publish here the transcript… »

At an international conference in New York City, a new group of scholars is studying alternatives to capitalism. Lara Monticelli  & Torsten Geelan for openDemocracy (image by Liz MC, CC by 2.0) In an historical moment when governments and citizens around the world are called on to take… »

The economic system is incompatible with the survival of life on Earth. It is time to design a new one By George Monbiot  for The Guardian For most of my adult life I’ve railed against “corporate capitalism”, “consumer capitalism” and “crony capitalism”. It took me a long time… »

By Bill Van Auken Self-proclaimed “interim president” Juan Guaidó returned to Venezuela after an 11-day absence Monday, escorted into the country by a phalanx of Western diplomats, including the ambassadors of the US, Germany, France, Canada, Brazil and several other countries. In advance of his return, Washington issued threats of… »

We take the future Asian superpower for granted, but who is their Robert Redford? By Rafael Poch for Ctxt. In the 20th century, in order to become a global superpower, the United States established itself in the first phase as the hegemonic power of the Western Hemisphere. »

Text and photos by Mauricio Alvarez. The Yellow Vests movement is growing more and more. A few days before a fourth major day of demonstrations, scheduled for Saturday, December 8, 2018, actions are multiplying all over France: roadblocks, blockades of petrol stations, “toll-free” operations, and so on. Despite the government’s… »

By Bill Van Auken Brazil’s National Museum in Rio de Janeiro was gutted Sunday night by a massive fire that consumed not only the historic 19tth century palace that housed the institution, but a vast and irreplaceable collection of what was by far the largest natural history and anthropology museum… »

By JOHN WEEKS 18 July 2018 for openDemocracy What is the source of the 21st century tendency to authoritarianism? The central purpose of neoliberal re-regulation is to remove economic policy from control by representative democracy. It is difficult to find a major country in which… »

Omar Toulan, IMD Business School and Niccolò Pisani, University of Amsterdam for The Conversation Traditional retail is in the centre of a storm – and British department store chain House of Fraser is the latest to succumb to the tempest. The company plans to close… »