Tag Archives: capitalism

Yesterday brought the launch of a new and revised edition of Doing Capitalism in the Innovation Economy by William Janeway. Anybody who read the first (2012) edition will recall the theme of the ‘three player game’ – market innovators, speculators and the state – informed by Keynes and Minsky as well as Janeway’s own experience combining an economics PhD with his experience shaping the world of venture capital investment. The term refers to how the complicated interactions between...

The Dynamics of Capitalism: Money and Financialization Greta Krippner – The Power of Abstraction: Marx on Money and Credit Aaron Sahr – From Pen Strokes to Keystrokes: the Production of Money in Early and Contemporary Capitalism Michael Löwy: Marxism and Romantic Anticapitalism Michael Löwy is Emeritus Research Director at the CNRS (French National Center for Scientific Research) Lecturer, École des Hautes Études en Sciences Sociales. Immanuel Wallerstein: The Contemporary Relevance of...

MR OnlineMarx and Metabolism: lost in translation? Ian Angus | editor of Climate and Capitalism MR OnlineOn the eve of Venezuela’s elections, the U.S. empire isn’t sitting idly by Editorial MR OnlineTen Marxist ideas that define the 21st century Sergio Alejandro Gómez EconospeakThe So-called Labour Fund Sandwichman Radical Political Economy Capitalism and the Expropriation of Nature: The Strategic Discourse of Ecosocialism John Bellamy FosterNaked Capitalism To Reform Capitalism,...

Must-read. What we have there, then, are two different conceptions of a JG. On the one hand, it might be a policy which helps capitalism function better (Keynes). But on the other, it might be a form of transitional demand – a policy which whilst fulfilling human needs is one that cannot actually be sustainably adopted by capitalism and is instead a stepping stone towards socialism (Marx). I’m honestly not sure which it is. I would not put it in terms of capitalism and socialism but...

The idea that authoritarianism attracts workers harmed by the free market, which emerged when the Nazis were in power, has been making a comeback. Pushback is not the major reason why capitalism is a threat to democracy. Modern capitalism, characterized by extraction of economic rent — land rent, monopoly rent and financial rent — results in oligarchy.The populist and progressive backlash is a reaction to the excesses of the system now generally called "neoliberalism." It has also been...

In an interview with ProMarket, Glen Weyl, co-author of the wildly ambitious (and wildly controversial) new book Radical Markets: Uprooting Capitalism and Democracy for a Just Society, talks about antitrust, data as labor, and why he thinks the free market system is not actually free. “The entire business community has been speaking with one voice in the common interest of capital as a class,” he says.... A different take on "socialism" and how to implement it using markets in addition to...

MMT.MediumCapitalism and the veil of ignorance Claire Connelly 

Two years ago I posted my first guest blog focused on income inequality, specifically how changes in Canada’s redistribution over the last three decades have increased after-tax income inequality, and how these changes compared to OECD trends. The figures and analysis in this post update the earlier blog, based on the most recent OECD data to 2015. I also look at the market inequality-redistribution relationship and find that Canada is the only country that combines low market inequality...

The Cold War displaced the legacies of the New Deal. Time and Trump are now displacing Cold War legacies. Where capitalism was questioned and challenged in the 1930s and into the 1940s, doing that became taboo after 1948. Yet in the wake of the 2008 crash, critical thought about capitalism resumed. In particular one argument is gaining traction: capitalism is not the means to realize economic equality and democracy, it is rather the great obstacle to their realization.... Economic...

Keeper John Elster quote. Lars P. Syll’s BlogMarx and Keynes on the contradictions of capitalismLars P. Syll | Professor, Malmo University