I appreciate Andrew Kliman taking time out to explain his objections to my views on Marx’s theory of the falling rate of profit. He has … Capital’s NatureRead more
Capitalism
Posted inCapitalism / China / Pollution / Technology / ToMl
The worst place on earth
From where I’m standing, the city-sized Baogang Steel and Rare Earth complex dominates the horizon, its endless cooling towers and chimneys reaching up into grey, … The worst place on earthRead more
Posted inCapitalism / Economics / Medicine / ToMl
A profit-driven industry” has no incentive to develop drugs for poor
Director-General Margaret Chan says “a profit-driven industry” has no incentive to develop drugs for poor countries who can’t pay The head of the World Health … A profit-driven industry” has no incentive to develop drugs for poorRead more
Posted inCapitalism / China / Economics / ToMl
China’s Second “Cultural Revolution”
“Moralizing Capitalism” China is in the midst of its second ‘cultural revolution’ in a half century. While the first (under Chairman Mao Tse Tung) was … China’s Second “Cultural Revolution”Read more
Posted inCapitalism / Economics / ToMl
Capitalism as We Know It Has Got to Go
Please, mister foreman, slow down that assembly line I don’t mind working but I do mind dying. —JOE L. CARTER, “Please, Mister Foreman,” blues song, … Capitalism as We Know It Has Got to GoRead more
Posted inCapitalism / Economics / ToMl
System Change, or There and Back Again
Societies today where capitalist economic systems prevail confront government gridlock. Facing serious and deepening economic problems, even when their leaders can sometimes agree on particular … System Change, or There and Back AgainRead more
Posted inCapitalism / Economics / ToMl
The crisis of capitalism this time around
Crises are essential to the reproduction of capitalism. It is in the course of crises that the instabilities of capitalism are confronted, reshaped and re-engineered … The crisis of capitalism this time aroundRead more