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Economist Yanis Varoufakis, the former Minister of Finance of Greece, says corporations are cannibalizing politics. Hear his dream for a world "that is simultaneously libertarian, Marxist and Keynesian."
Fifty-one percent of Americans between the ages of 18 and 29 no longer support the system of capitalism.
The first and last rule of capitalism is this: Make More Capital. And it's killing us. But we can build better systems. There are plenty of options. We can change the rules.
How many more outrageously compensated executives will retire off into lush sunsets, the Jeff Immelt story virtually begs us to ask, before we start yanking that lever?
During modern times, corporations threaten the jobs of pro-union workers in over half of all union elections—and follow through on the threat one-third of the time. In between, bosses have resorted to spies and frame-ups, physical violence, court injunctions, private armies of strikebreakers, racist appeals and immigrant exploitation.
Visitors will be invited to reflect on capitalism as if looking back at it from a world in which capitalism is dead.
The results of the UK election are a disaster for the British ruling class. The UK economy is set to enter a period of stagnation at best. The OECD’s economists are already forecasting that the UK economy will slow down to just 1% next year as Brexit bites.
A bill recently introduced in the state legislature by the Illinois AFL-CIO could address some of the problems around reprisals. The Wrongful Discharge from Employment Act, supported by Raise the Floor Alliance and NESRI, would force employers to provide fired workers with a clear and legitimate reason for the discharge, essentially proving that it was not done in retaliation.
Piketty's radical and largely on-target critique of contemporary capitalism, the reviewer says, was mostly greeted with hostility by the economics establishment, when not simply ignored, stonewalling Capital in the Twenty-First Century, so it would not have the impact on economics research agendas that it merits, particularly in explaining inequality — in effect a dead zone in mainstream economic analysis. The reviewer thinks much can be gleaned from Piketty's work.
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