This is Jim Sawyer for Capitalism in Crisis.org Fraud always involves deception. With increasing frequency, we are beset by fraud-laced schemes. Remember the Wells-Fargo banking scandal in which two million fake customer accounts were created? Here’s an even more jaw-dropping example of pseudo-capitalism, from Germany. A man bombed a soccer team’s bus, allegedly, but first, […]
This is Jim Sawyer for Capitalism in Crisis.org Wells-Fargo Bank, in April, clawed back an additional $75 million from two executives it now holds accountable for the bank’s five-year sales scandal. As many as two-million fake customer accounts were opened at management’s behest. Since September, government oversight has forced Wells to walk back blame-shifting onto […]
Julia Ward Howe, who penned the Battle Hymn of the Republic—just months after Fort Sumter’s fall—was a writer, poet, abolitionist, social activist and suffragette. To understand Ward Howe, we must understand her contextually, within the turbulent period in which she lived. Truth goes marching on, she exclaimed, profoundly. What a fitting backdrop for reflection upon […]
Communism has evolved. Remember the old Soviet system? It crashed in 1991. In place of markets, Soviets used quotas, fashioned by committees. Never mind what citizens actually wanted—or needed—stuff was chosen for them by bureaucrats, instead. Of course, when the price system is undermined, disastrous consequences may follow. For the Soviet system, economic and political […]
Let’s get down to basics. The Washington swamp must be drained, NOW. Sound familiar? Right out of Donald Trump’s play book? Right out of father’s play book, also. Throw the bums out; in the Sawyer household was a familiar refrain. Fundamentalists like Buss reduce Technicolor-like complexity, to black and white simplicity. The only thing in […]
Buss was a complex character. I eavesdropped on father as we were closing our neighborhood store—the night before Christmas—marking the end of the busy shopping season. Just then a man entered, distraught, and engaged Buss clumsily. Next, spontaneously, he exploded in tears. With a large family, he couldn’t afford presents for his kids. Disabled and […]
On Labor Day, let’s consider the Rodney Dangerfield theory of labor. Coined after the now-deceased comedian, this theory along with a winner-take-all perspective may explain why working folks “don’t get no respect” in the labor market.
Where along the bifurcated Red-Blue conservative-liberal political continuum does one place Republican US presidential candidate Donald Trump? Is he a pragmatic purple?
This week we try to understand U.S. presidential candidate Donald Trump’s response to a Muslim father’s Democratic Convention speech. How do underlying economic paradigms influence political events?
What is the future of American capitalism? Can it lie in consensus decision-making in public spaces about defining what is and what is not productive capital? We explore this through the provocative concept of relative capitalism – setting positive and negative incentives, connected to specific outcomes Americans wish to gain (or avoid).