Tag Archives: capitalism

Earlier this year, I worked on two books—featuring insights from 40 executives—exploring corporate purpose and impact. A clear theme emerged: To ensure that new capitalism doesn’t look a lot like old capitalism, we need more than just good intentions. We need a radical redesign of business at the structural level. Here are three big design questions that I encourage all leaders to ask themselves if they’re serious about inclusive capitalism: I don't think that use of highly abstract terms...

Must-read. Note: Xi Jinping was trained as a chemical engineer.Andrew Batson's BlogWhat Xi Jinping thinks about development economics Andrew Batson

Oppenheimer’s Law of Transformation can be read as the paradox of cooperative economics and it refers to macro-social dynamics: the beginning of a cooperative group endeavor will end up in a capitalist calculation enterprise or cease to exist as long as the macro-social conditions are based on capitalist monetization and accounting. Knowledge is about predictability and wisdom is about outcome: the later Kibbutzim were from the Oppenheimer viewpoint a survival mechanism which will be...

Must -read. This places economic power front and center and shows how without addressing social, political, and economic the result of captialism is neo-feudalism.Surprisingly, or may not so much, Yves Smith leaves out a major contribution of the universal employment guarantee by government, in which government guarantees to match a job with a person who is otherwise idle and wants to work. This removes the onerous aspect of capitalism that uses unemployment to discipline labor through the...

Michael Roberts reviews and critiques The Debt Delusion by John Weeks.Michael Roberts Blog — blogging from a marxist economistThe debt delusionMichael Roberts

One economic system dominates the world. But there’s more than one kind of capitalism. Excerpt from Branko Milanović forthcoming book. EvonomicsCapitalism(s), Alone Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic Inequality, senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie...

Interesting form the point of view of the changing nature of the mode of production from industrial to digital.  This suggests that an economic system more appropriate to emerging conditions is in the making — and in the interregnum it will be somewhat messy, especially given the accumulated challenges arising from negative externalities such as climate change  This further suggests a new phase on the historical dialectic where opposing forces hammer out the response to systemic...

This is a good analysis of the political economy of capitalism in general and as it applies specifically to the UK now. The links are important in developing the nuance.Stumbling and MumblingShoring up capitalismChris Dillow | Investors Chronicle

More than one million people marched in Santiago on October 26 to protest the Government’s security response to Chile’s current political crisis and to demand structural economic reforms to reduce inequality and increase social services. In this post I analyze these grievances from a quantitative perspective and explore what it would take to translate them into policy. This is my fourth inequality-related post. I use the same sources of data and framework of analysis as in my initial...

More than one million people marched in Santiago on October 26 to protest the Government’s security response to Chile’s current political crisis and to demand structural economic reforms to reduce inequality and increase social services. In this post I analyze these grievances from a quantitative perspective and explore what it would take to translate them into policy. This is my fourth inequality-related post. I use the same sources of data and framework of analysis as in my initial...