Tag Archives: Naked Capitalism
Oncoming
What we thought was the light at the end of the tunnel has turned out to be an oncoming locomotive. The new Omicron coronavirus variant has the potential to take us right back to the beginning by virtue of being … Continue reading
Predatory Value Extraction
I’ve finally found the perfect description for our late-capitalist, neoliberal milieu–predatory value extraction. At Naked Capitalism, Hubert Horan examines the business model of Uber and finds that it represents the larger US political economy, where everything has been subjugated by … Continue reading
We the Precariat
Here’s an observation from Lambert at Naked Capitalism that perfectly captures the precarious world that’s been created by the advance of neoliberalism. “So, Walmart spends squillions destroying public education, and then pays low wages because people can’t read or … Continue reading
A Flaw in the Model
The election of Donald Trump was due, in no small part, to the abject corruption of our elite. In my last post, I examined An Economic Theory of the Criminal Law, where 7th Circuit Judge Richard Posner states that the poor require … Continue reading
Leftless in America
In The Reactionary Mind: Conservatism from Edmund Burke to Donald Trump, political scientist, Corey Robin says that conservatism draws its power and purpose from opposition to the left. “From the French Revolution through civil rights and women’s lib, struggles … Continue reading
Because Markets
Once again, there was a mass-shooting in America. This time in Las Vegas, where a 64 year old man sprayed bullets down onto concert-goers, killing 58 people and wounding 489. The statistics paint a horrible picture of gun violence in … Continue reading
The Flight to Serfdom
Neoliberal economist Friedrich Hayek wrote The Road to Serfdom, in 1944, where he warned of totalitarian governments terrorizing their citizens. Hayek’s dystopian vision is upon us, only instead of totalitarian governments it’s all-powerful corporations like United Airlines that we … Continue reading
Accumulated Despair
Lately, it’s hard to write about any aspect of our shared experience without running headlong into evil. Take neoliberalism, an economic ideology that increasingly orders our lives to a terrifying degree. While neoliberalism may seem incredibly complicated, in my … Continue reading
Evil is Easy (Part 1)
Why is it that doing good is so hard while evil is easy? In my definition, doing good is cooperating with fellow citizens in a democratic manner to solve America’s numerous problems, while doing evil is playing on human … Continue reading
camelotkidd 