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capitalism

This tag is associated with 7 posts

Globalizing Innovation

IN INDIA, HENRY FORD’S ASSEMBLY LINE INSPIRES THE HIGH-TECH HOSPITAL OF THE FUTURE We all know that the second most important function of the market, besides providing for our economic needs, is to do so efficiently; the most goods and services possible for the lowest price possible. Now this is a bit of a rosy depiction but … Continue reading

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Economics should not be divorced from morality

Opinion piece from Micheal De Dora at the Rationally Speaking blog The whole point of living in a structured society, as opposed to Hobbes’ war of all against all, is so that our lives are not going to be ‘solitary, poor, nasty, brutish and short.’ Couldn’t agree with this piece more

Austerity Is Not The Answer or Even Helpful

Reuter’s piece on effects of careening over the “fiscal cliff” Austerity isn’t going to rejuvenate the economy. The world economy depends on demand, consumption; without it businesses have no option but to do whatever it takes to remain as profitable as possible and not sacrifice market share in the light of flat-lining or decreasing revenue. … Continue reading

Capitalism Hits the Fan Film Screening and Q&A with Professor Richard Wolff | The New School

My first exposure to Dr. Wolff’s thinking. I agree immensely with pretty much everything I’ve heard so far and I advise others to look into it. More of Dr. Wolff and his colleagues can be found here.

Socialism: Democratized Education and Home-Based Manufacturing

We are beginning to see the emergence of a paradigm shift in society; the seeds of socialism are continuing to take root. The germination is nourished by technology as Marx predicted and further still as the demands of competitive markets dictate. Yet the capitalist motivation for technological innovation and adoption will lead to further alienation … Continue reading

Meritocracy: A New Class, With the Old Breed

The cultural and intellectual philosophy that ushered in the campaign of deregulation America has experienced in the last several decades is a set of beliefs that I refer to, and quite accurately so, as libertarian capitalism (marketism, is perhaps a better moniker). This new mysticism has a basic set of tenets that its adherents, though … Continue reading

Modern Globalization or New World 2.0

When the lands of the Western Hemisphere were discovered by the Europeans more than 500 years ago it unleashed a wave of imperialism the likes of which the world had not known since antiquity. Fueled by dreams of avarice and riches beyond compare the European imagination was lit aflame and the New World was set … Continue reading

"The essence of the independent mind lies not in what it thinks, but in how it thinks." - Christopher Hitchens

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