Mammon & the Disenchantment of the World

by Eugene McCarraher edited by O Society October 22, 2019 Perhaps the grandest tale of capitalist modernity is entitled ‘The Disenchantment of the World’. Crystallised in the work of Max Weber but eloquently anticipated by Karl Marx, the story goes something like this: before the advent of capitalism, people believed that the world was enchanted, pervaded by … Continue reading Mammon & the Disenchantment of the World

The Financial Times’ Martin Wolf Discovers Rentier Capitalism and Financialization Increase Inequality and Hurt Growth

by Yves Smith edited by O Society September 19, 2019 Surprisingly, no one commented on a link to an important article by the Financial Times’ esteemed economics editor, Martin Wolf: why rigged capitalism is damaging liberal democracy, which weighed in as a major feature, as opposed to his usual column length. Wolf’s article is noteworthy by … Continue reading The Financial Times’ Martin Wolf Discovers Rentier Capitalism and Financialization Increase Inequality and Hurt Growth

Neo-Feudalism: The Real Conflict Is Not Racial Or Sexual, It’s Between The Ascendant Rich Elites And The Rest Of Us

by Joel Kotkin Daily Caller edited by O Society September 15, 2019 Despite the media’s obsession on gender, race and sexual orientation, the real and determining divide in America and other advanced countries lies in the growing conflict between the ascendant upper class and the vast, and increasingly embattled, middle and working classes. We’ve seen … Continue reading Neo-Feudalism: The Real Conflict Is Not Racial Or Sexual, It’s Between The Ascendant Rich Elites And The Rest Of Us

The New American Homeless

  Housing insecurity in the nation’s richest cities is far worse than government statistics claim. Just ask the Goodmans. by Brian Goldstone edited by O Society September 10, 2019 Last August, Cokethia Goodman returned home from work to discover a typed letter from her landlord in the mailbox. She felt a familiar panic as she … Continue reading The New American Homeless

The Broken Mirror: Intersectionality and the Loss of the Universal

The ‘disarticulation’ of class results in the loss of the possibility of a structural and therefore truly radical critique of capitalism and instead a billion and one private, individualized and antagonistic identities are unleashed. by Tony McKenna  edited by O Society August 15, 2019 Intersectionality is something of a buzzword, both revered and ridiculed. The … Continue reading The Broken Mirror: Intersectionality and the Loss of the Universal

Global Justice and Finance: an introduction to critical questions

by Tim Hayward edited by O Society August 1, 2019 This post introduces some central arguments of my book Global Justice and Finance. In a world where extreme inequality consigns many millions of the least advantaged to conditions of crushing poverty, there is an evident case of justice for some redistribution of income and wealth. Thinkers … Continue reading Global Justice and Finance: an introduction to critical questions

Pay Back for the Oligarchy

What is Trump and Russiagate for? Yes, I call them "one thing" instead of "two things" because they are simply different faces of the same coin. Heads/Tails   Obverse/Reverse  Athena/Her Owl On a Tetradrachma of Athens, struck c. 490 BC, the head of Athena, (left), is regarded as the obverse because of its larger scale and … Continue reading Pay Back for the Oligarchy