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+6 +1The Rich Can’t Get Richer Forever, Can They?
Inequality comes in waves. The question is when this one will break.
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+36 +1The end of capitalism has begun
Without us noticing, we are entering the postcapitalist era. At the heart of further change to come is information technology, new ways of working and the sharing economy. The old ways will take a long while to disappear, but it’s time to be utopian
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+26 +1The Trucking Industry Is In a Recession. Here’s What It Means for the Economy.
The trucking industry is already in a recession. The question for investors is, however, does freight industry weakness presage a full-blown economic downturn?
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+5 +1American Capitalism Is Brutal. You Can Trace That to the Plantation.
Slavery helped turn America into a financial colossus. And our economy is still shaped by management practices invented by enslavers and overseers.
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+15 +1Samuel Delany on Capitalism, Racism, and Science Fiction
Samuel Delany was 20 when his first novel, The Jewels of Aptor, appeared. That was in 1962, and by 1967–69 (when “Time Considered as a Helix of Semi-Precious Stones” and “Aye, and Gomorrah …” nabbed Hugo and Nebula awards), he was a luminary of American science fiction and fantasy.
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+20 +1The [U.S.] One Percent Have Gotten $21 Trillion Richer Since 1989
The bottom 50% have gotten poorer. By Eric Levitz.
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+32 +1Americans Need More Neighbors
A big idea in Minneapolis points the way for other cities desperately in need of housing.
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+19 +1The mindfulness conspiracy
The long read: It is sold as a force that can help us cope with the ravages of capitalism, but with its inward focus, mindful meditation may be the enemy of activism
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+20 +1Quarter of Americans are 'worse' now than before Great Recession: survey
Roughly 25% of people that were adults during the Great Recession a decade ago are "worse now" than they were before, despite the economy making great strides.
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+1 +1A Yield Curve Primer - The Real Reason Why An Inverted Curve Matters
If an inverted yield curve does not worry you, it should. It's a leading indicator of a pending recession. But that's okay if you are prepared for it.
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+11 +1Capitalism in crisis: U.S. billionaires worry about the survival of the system that made them rich
For the first time in decades, U.S. politicians and billionaires ask whether American-style capitalism can survive.
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+19 +1A Mars Colony Could Be Humanity's First Shot at a Ground-Up, Pure Economy
A city on Mars could provide the first-ever truly blank slate to organize a new kind of economy. While attempts to re-organize the means of production are as old as humankind itself, these experiments have always been limited to some extent by the economic systems that came before. People can only change so much so fast. Space exploration, and the establishment of new colonies, may be humanity’s first shot at creating an economy from the ground up.
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+10 +1A Guardian of Global Capitalism Warns Capitalism Has A Problem
It's springtime again in Washington, D.C., when flowers bloom, birds chirp, and thousands of wonks from all over the world descend on the Spring Meetings of the International Monetary Fund and World Bank, Planet Money included. Since World War II, the IMF and World Bank have served as guardians of global capitalism. The IMF, in particular, has a long history of bailing out countries in financial crises and using its power to push a free-market agenda. That's why we were surprised to hear IMF officials suggest capitalism is running amok.
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+23 +1The two hidden intellectual moves behind the "progressive" argument against free college
the ideas that public goods need to be subjected to cost-benefit analysis, and the idea that education's primary benefit is higher earning potential.
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+5 +1The Corporations Devouring American Colleges
The price of college is breaking America. At a moment when Hollywood celebrities and private equity titans have allegedly been spending hundreds of thousands in bribes to get their children into elite schools, it seems quaint to recall that higher learning is supposed to be an engine of social mobility. Today, the country’s best colleges are an overpriced gated community whose benefits accrue mostly to the wealthy.
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+4 +1Capitalist Freedom Is a Farce
For all the changes of the last fifty years, the conservative classics have held their place surprisingly well. Milton Friedman’s Capitalism and Freedom and Friedrich Hayek’s The Road to Serfdom are still featured on Breitbart’s online bookstore. Rush Limbaugh tells his listeners that “Milton Friedman should be the Bible for young people, or anybody, trying to understand capitalism and free markets.” Charlie Kirk, founder of Turning Point USA, celebrates Hayek and Friedman in his book, while Ben Shapiro holds up Friedman as a conservative icon in National Review.
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+3 +1U.S. personal income falls; spending weakest since 2009
U.S. personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most since 2009 in December.
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+3 +1The “disintegration” of global capitalism could unleash world war 3, warns top EU economist
A senior European Commission economist has warned that a Third World War is an extremely “high probability” in coming years due to the disintegration of global capitalism. In a working paper published last month, Professor Gerhard Hanappi argued that since the 2008 financial crash, the global economy has moved away from “integrated” capitalism into a “disintegrating” shift marked by the same sorts of trends which preceded previous world wars.
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+24 +1Why are millennials burned out? Capitalism.
“If Millennials are different, it’s not because we’re more or less evolved than our parents or grandparents, it’s because they’ve changed the world in ways that have produced people like us.” That’s how Malcolm Harris, an editor at the online magazine the New Inquiry, begins his book Kids These Days: Human Capital and the Making of Millennials. It’s a smart, contrarian look at the social and economic problems plaguing millennials — defined as people born between 1980 and 2000.
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+7 +1Debt-clogged world close to tipping point of recession
The risk of global recession has suddenly jumped several notches, as the accumulated damage from US President Donald Trump's trade wars and worldwide monetary tightening is taking a bigger toll than hoped. A mounting weight of evidence suggests the world is one shock away from a contractionary vortex that would be extremely hard to control.
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