For Capitalism, System Change Is Absolutely Necessary — But Is It Possible?

June 25, 2020

Spencer Bokat-Lindell, a staff editor at The New York Times, explores the meaning behind the messaging put forward by major enterprises in the wake of the anti-racism protest movement that arose after George Floyd was killed in police custody. That political leaders and figures in the world of...

After the Pandemic, Will There Be a New Status Quo?

April 07, 2020

Yesterday, The Daily Devil’s Dictionary highlighted the battle that is beginning to shape up in the media and in political circles around whether a return to a real or imaginary pre-pandemic status quo is possible. Most commentators in the West understand that the status quo they refer to...

How German Reunification Could Change Global Capitalism Today

October 01, 2019

Nearly 30 years since the fall of the Berlin Wall, powerful images come to mind from those heady days of 1989: people dancing on walls and the related assumption that from now on freedom would reign around the world. Global capitalism had prevailed over the state-run socialist model, and people...

Understanding the Financial News: Are Truisms True?

September 25, 2019

Interviewed on CNBC, Leon Cooperman, described by Marketwatch as the “billionaire boss at Omega Advisors,” complained ominously about the prospect of Elizabeth Warren or Bernie Sanders being elected US president. He explained why it would be bad for the economy. The author of the article,...

Is Democracy Sustainable Anywhere in the World?

August 29, 2019

In an article on Fair Observer describing the quandary India faces as its economy seeks to react to the global trend toward electric vehicles, Atul Singh and Manu Sharma make the strategic observation that investing in battery technology should be a key to India’s economic future. Because of...

Wealthy Americans Invest in Underground Survival

August 15, 2019

Julie Turkewitz, writing for The New York Times, reveals the existence of an innovative sector of the economy represented by “a new group of real estate developers investing in the nation’s central prairies and Western foothills: doomsday capitalists.” Their business consists of following...

Buffett, Munger and Gates Share Their Wisdom

May 08, 2019

Can celebrity billionaires be guilty of impoverished thought? Berkshire Hathaway’s annual meeting has provided a media platform to see whether that’s true. Warren Buffett, the "Oracle of Omaha," whose wisdom everyone with the ambition to be one day worth $80 billion listens to attentively,...

Surveillance Capitalism Exploits the Choices We Make

February 06, 2019

Thanks to technology, our actions in the present are commodifying our own future. Once upon a time, businesses were content to work with what they knew from the past, adjusting their actions for a mysterious, risk-ridden future. Today’s tech giants won’t allow such uncertainty. They monitor...

The Daily Devil’s Dictionary: “Free Market” Ideology

August 21, 2018

When capitalism gets bad press, rename it “free market” to prevent people from calling for socialism. In a Newsweek op-ed, Peter Roff reassures us that, despite a growing state of crisis in the lives of young Americans that has encouraged them to think favorably about socialism, there’s no...

The Daily Devil’s Dictionary: “Sustainable” for Goldman Sachs

May 17, 2018

Trying to make sense of the sustainable logic of Goldman Sachs and Milton Friedman? Goldman Sachs sells a particular type of wisdom to its clients, many of whom are convinced it’s the only wisdom that counts: the science of profitability. At the end of the day, it’s all math, even when the...

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