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+36 +1
How Fascism Serves Capitalism
In this documentary, Dr. Michael Parenti defines fascism, describes its characteristics, and explains the role fascism plays in serving the rational interests of capitalists while suppressing communism and other organized worker movements.
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+4 +1
Why retail theft is soaring: inflation, the economy -- and opportunity
Retailers large and small say they’re struggling to contain an escalation in store crimes — petty shoplifting to organized sprees of large-scale theft that clear entire shelves of products. Target last week said it was bracing to lose half a billion dollars this year because of rising theft. Nordstrom, Whole Foods and some other big chains said they were abandoning San Francisco because of changing economic conditions or employee safety. Many other retailers have blamed crime for closing stores.
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+34 +1
Hugely Profitable And Consolidated Streaming Platforms Suddenly Too Cheap To Pay Residuals And Writers, Or Keep Niche Shows Online
We’ve noted repeatedly that as the streaming sector grows and consolidates, it’s revealing many of the same problems we saw inherent in traditional, shitty, cable TV. As in the need to …
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+17 +1
The average startup CEO now makes $142,000 — down from $150,000 last year
Some CEOs are even cutting their salaries down to zero as a result of a slump in venture capital funding this year, Kruze Consulting told the WSJ.
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+19 +1
The world's obsession with economic growth is killing nature, report finds
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+12 +1
IBM chief says employees' careers could suffer and promotions may be harder to achieve if they work from home
IBM's CEO, Arvind Krishna, says employees' careers could suffer if they work from home. Krishna told Bloomberg during a Monday interview that although he wasn't forcing his own staffers back to the office, he thought remote workers may struggle to get promotions.
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+29 +1
Some Apple staff are sounding off about Tim Cook's back-to-office drive and say it's 'silly, and very un-Apple'
Some Apple staff are not happy about CEO Tim Cook's back-to-the-office drive, which he's previously said was essential for the company. The iPhone maker emailed employees in March threatening to take action against those not going in at least three days a week.
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+22 +1
Price Controls Can Work, Sorry If This Offends
There’s something about the phrase “price controls” that drives some people — mainly economists — around the bend. But history shows that market economies rarely go very long without needing some form of price control — especially in a crisis.
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+15 +1
Will AI Actually Mean We’ll Be Able to Work Less?
AS ARTIFICIAL INTELLIGENCE captures the public imagination, while also exhibiting missteps and failures, enthusiasts continue to tout future productivity gains as justification for a lenient approach to its governance. For example, venture fund ARK Invest predicts that “during the next eight years AI software could boost the productivity of the average knowledge worker by nearly 140%, adding approximately $50,000 in value per worker, or $56 trillion globally.”
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+25 +1
Peter Schiff Criticizes Bitcoin's 20% Surge, Arguing Gold is Still a Better Inflation Hedge
On March 14, 2023, Euro Pacific Capital CEO Peter Schiff posted a tweet about Bitcoin that sparked a debate within the crypto community. Schiff tweeted that Bitcoin had surged by 20% after a long-awaited change in direction from the Federal Reserve, but he also pointed out that gold had only risen by 2.5%. Schiff went on to suggest that the fact that Bitcoin had experienced a larger increase did not mean that it was a better anti-inflation tool than gold.
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+17 +1
Meta to lay off 10,000 more workers after initial cuts in November
will lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion, the company announced Tuesday, with CEO Mark Zuckerberg warning economic instability could continue for “many years.”
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+10 +1
Oil CEOs Should Be Barred From Global Climate Summits, Not Running Them
The Chief Executive of the twelfth largest oil producer – Sultan Al Jaber of Abu Dhabi National Oil Company (ADNOC) – has been appointed as president of the United Nations Framework Convention on Climate Change’s (UNFCCC) COP28, the biggest climate change conference that will take place in November, 2023 in the United Arab Emirates (UAE).
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+21 +1
Dystopian games: how contemporary stories critique capitalism through deadly competition
If our nightmares change, what does that tell us about our waking lives? Dystopian stories, from novels and films to games, have often been considered a pessimistic reflection on the direction society is going in.
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+27 +1
Capitalism Makes Everyone Bend to Its Will, Rich and Poor Alike
In his new book Mute Compulsion, Søren Mau argues that to understand and end capitalism, we need to analyze how it not only subordinates the poor to the rich but in fact exerts economic power over everyone — including capitalists themselves.
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+19 +1
The Age of Advertising Must Come to an End
Advertisements are a scourge upon society, the environment, and ultimately ourselves. They are among the worst that capitalism has to offer. Why not get rid of them?
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+20 +1
CEOs need to be experts in social psychology and motivation
As a CEO, there are many things you need to be an expert in, but you can’t be an expert in everything. You must rely on the expertise in the organization to create the right strategy and make the right decisions. But one area where it pays for you to have greater expertise is social psychology – to understand just what it is that makes people tick.
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+4 +1
The Berlin start-ups tearing up capitalism and putting workers first
Unlimited holidays, no bosses, democratic salaries, and the same wages for less work. That’s the pitch vegan condom company Einhorn makes to potential co-workers. Einhorn is a pioneer of what is known in Germany as "New Work": a re-imagining of the often hierarchical structures of the business world to make things more humane for workers.
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+21 +1
Bank of America: It only Takes $93 million to Move the Bitcoin Price 1%
A 2021 report from US banking giant Bank of America (BofA) claimed that at a price-tag of $60,000, it only took $93 million in capital to move the Bitcoin price by one percent. Since then, the BTC exchange supply ratio dropped precipitously, per the latest data.
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+3 +1
Silicon Valley needs to stop laying off workers and start firing CEOs
Tech CEOs at companies like Facebook, Google, and Amazon screwed up — but it's the laid-off employees who are paying the price.
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+14 +1
Capitalism and Convenience are Making Us Lonely
As companies keep reducing the friction in our lives, are we happy trading convenience for human connection?
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