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

Hume-ans: Our Question is Humans

  Should we or shouldn't we? by O Society August 20, 2019 We turn to Hume for moral guidance. Why? Because  we need moral guidance to decide whether or not we should do things. Why? Because our leaders are not taught moral guidance in school at Harvard. No, they aren't. They are taught the prime … Continue reading Hume-ans: Our Question is Humans

How Technology Hijacks Your Mind — from a Magician and Google Design Ethicist

Now this magic fellow tells us how the social media people make regular people more stoopider on purpose. by Tristan Harris edited by O Society August 1, 2019 “It is far easier to fool people than to convince them they’ve been fooled.” ~  Unknown. I’m an expert on how technology hijacks our psychological vulnerabilities. That’s why I … Continue reading How Technology Hijacks Your Mind — from a Magician and Google Design Ethicist

How Business Bullshit Took Over

Vacuous management-speak is easily laughed off – but is there a real cost to talking rubbish? by André Spicer edited by O Society July 9, 2019 In early 1984, executives at the telephone company Pacific Bell made a fateful decision. For decades, the company had enjoyed a virtual monopoly on telephone services in California, but now … Continue reading How Business Bullshit Took Over

Economics After Neoliberalism

Contemporary economics is finally breaking free from its market fetishism, offering plenty of tools we can use to make society more inclusive. by SURESH NAIDU, DANI RODRIK, GABRIEL ZUCMAN Boston Review Feb 15, 2019 We live in an age of astonishing inequality. Income and wealth disparities in the United States have risen to heights not seen … Continue reading Economics After Neoliberalism

The Global Power Elite: A Transnational Class

This class is no longer bound to national concerns, only to the expansion of its own power. GIANTS: The Global Power Elite Greg Wiplert interviews Peter Phillips Real News  Dec 26, 2018 https://youtu.be/FsdJhSI63uQ Transcript: GREG WILPERT: It’s The Real News Network and I’m Greg Wilpert. Global inequality continues to intensify unabatedly. The richest one percent of … Continue reading The Global Power Elite: A Transnational Class

The Powell Memo: A Call-to-Arms for Corporations

In this excerpt from Winner-Take-All Politics: How Washington Made the Rich Richer — and Turned Its Back on the Middle Class, authors Jacob S. Hacker and Paul Pierson explain the significance of the Powell Memorandum, a call-to-arms for American corporations written by Virginia lawyer (and future U.S. Supreme Court justice) Lewis Powell to a neighbor … Continue reading The Powell Memo: A Call-to-Arms for Corporations