capitalism

Capitalist Economies Create Waste, Not Social Value

Chris Williams and Fred Magdoff
Monthly Review Press, Excerpt
What would a truly just, equal and ecologically sustainable future look like? Why would it require a change in our economic system, namely the end of capitalism? Fred Magdoff and Chris Williams answer these questions in Creating an Ecological Society: Toward a Revolutionary Transformation, showing the immense levels of waste created by capitalism today, including by the prison-industrial complex, food system and housing in the United States and wasteful US military.

Organizers Say Quaint Baltimore Seafood Business Masks Shocking Labor Abuses

Bruce Vail
In These Times
The signature dish at its restaurants is the famed Maryland-style crab cake, and its dining rooms feature models of antique fishing boats and romanticized images of the bay watermen culture that is fading fast. But organizers say it’s mostly fake—a cover story for a rapacious, globalized business that preys on poor Indonesian women to extract rich profits for its U.S. owners.

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