EppsNet Archive: Capitalism

Not every problem someone has with his girlfriend is necessarily due to the capitalist mode of production. — Herbert Marcuse

Who Will Be America’s America?

And do not forget that nearly all of the countless 20th-century innovations and industries that made the rest of the developed world so efficient and comfortable came from America, and it wasn’t a coincidence. As long as Europe had America taking risks, investing ambitiously, and yes, being “inequal,” it had the luxury of benefiting from the results without making the… Read more →

Talking About the Benefits of Socialism is a Capitalist Luxury

Americans talking about the benefits of Socialism is a luxury paid for by the successes of capitalism. — Garry Kasparov (@Kasparov63) March 1, 2016 Read more →

‘I Am a Marxist’ Says Dalai Lama

The Dalai Lama identified himself as a Marxist on Tuesday while addressing capitalism, discrimination and violence at a lecture on world peace in Kolkata, India. This is not the first time that the 14th Dalai Lama has spoken about his political leaning – in 2011 he said: “I consider myself a Marxist…but not a Leninist” when speaking at a conference… Read more →

A Spectacularly Bad Job of Rigging the System

If you nevertheless believe that the capitalists have been busily rigging the system in their own interest, you’ve got to admit they’ve done a spectacularly bad job of it. How else to explain the quintuple taxation of capital income, where you can invest a dollar that was taxed the day you earned it, then pay corporate income taxes, dividend taxes,… Read more →

More People I’m Sick Unto Death Of: Angela Davis

I still believe that capitalism is the most dangerous kind of future we can imagine. — Angela Davis Alternatives to capitalism have resulted in shortages, famine, mass murder and societal collapse (cf., Nazi Germany, Fascist Italy, the Soviet Union, Communist China, North Korea, Cuba, Libya, Venezuela … I could go on and on but I think we both get the… Read more →

Regulating Markets

The arguments for regulation of the market for goods and the regulation of the market for ideas are essentially the same, except that they’re perhaps stronger in the area of ideas if you assume consumer ignorance. It’s easier for people to discover that they have a bad can of peaches than it is for them to discover that they have… Read more →

Twitter: 2010-09-12

RT @NikkiGlaser: Tell me I'm not the only one who has to get drunk to look at my checking account. # RT @eddiepepitone: Capitalism's last ad- "Since the nuclear devastation we are slashing prices! Everything Must Go!" # Read more →

Pursuing the One True Good

Most of us believe in our hearts that there is only one good and that ideally everyone should pursue it. In a perfect centrally planned socialist state everyone is part of a hierarchy pursuing the same end. If that end is the one true good, that society will be perfect in a sense in which a capitalist society, where everyone… Read more →

Thomas Jefferson on the Financial Meltdown

ALBANY, N.Y. (AP) — If anyone could emerge from the AIG bonus debacle looking good, it could be New York Attorney General Andrew Cuomo. — “NY’s Cuomo wins praise for pursuing AIG on bailout” Cuomo. KWOH-moh. Italian, I suppose. I have no personal animosity toward Mr. Cuomo, but despite his favorable write-ups in the press, he is certainly no hero… Read more →

Failure is an Orphan

For centuries, historians have debated whether history is propelled by Great Men (and Women), human forces of nature who bend events and systems to their will, or by vast impersonal forces (communism, capitalism, globalization) that render even the most powerful of us a mere reed basket floating in a massive river. There’s no session on the subject at the World… Read more →