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Capitalism

Free markets and the decline of democracy

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…

How high streets and shopping malls face a ‘domino effect’ from major store closures

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.…

Italy, Germany and the EU’s Future

The once powerful center-left went down to defeat. As it accommodated to capital, it eroded its trade union base. It bailed out banks and financial speculators, while inflicting ruinous austerity measures on their own populations to pay for it. When center-left…

Capitalism vs Climate change: it’s urgent to take sides

By Aris Telonis for DiEM25. The Paris Agreement is a historic landmark of our times. But it is not an overstatement to argue that there are scientific or journalist reports on climate change almost daily. Despite all this media attention,…

A lesson from Hurricane Irma: capitalism can’t save the planet – it can only destroy it

The perpetual quest for growth drives our economics. That’s why our environment and financial system lurch from crisis to crisis By George Monbiot for The Guardian There was “a flaw” in the theory: this is the famous admission by Alan…

A despot in disguise: one man’s mission to rip up democracy

By George Monbiot for The Guardian James McGill Buchanan’s vision of totalitarian capitalism has infected public policy in the US. Now it’s being exported. It’s the missing chapter: a key to understanding the politics of the past half century. To…

Neoliberal psychology

By Joel Millward-Hopkins 8 May 2017 for openDemocracy Why do we allow the logic of the market to occupy our minds? All too often, critics speak of neoliberalism as a coercive, external force lying somewhere ‘out there’ in the political…

Video: Richard D. Wolff on Bankruptcy Protection, Debt Jubilee, Students Debt and the Credit System

This video is part 3 of an educational & historical series with Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard D. Wolff. In this interview we talk to him about bankruptcy protection,…

Video: Richard D. Wolff – What is Money? Why do some have more than others?

This video is part 2 of an educational & historical series with Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard D. Wolff. In this interview we talk to him about an instrument…

Video: Richard D. Wolff – What is Capitalism & Socialism? What differentiates them from each other?

This video is part of an educational & historical series with Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard D. Wolff. In this first interview we talk to him about Capitalism and…

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