Showing posts with label Capitalism. Show all posts
Showing posts with label Capitalism. Show all posts
Why Has Classical Capitalism Devolved to Crony-Capitalism?
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| Charles Hughs Smith |
We all know that we no longer have a free market but crony capitalism bordering on oligarchy.
The original post is thought provoking as well as quite informative.
The centralization of power puts the self interest of the few and powerful over all of the rest.
At the end of this post is an excellent 24 minute video which includes slides.
It may be a bit wonky, but it is very understandable....
Economist Richard Wolff on Capitalism Run Wild
Economist Richard Wolff joins Bill to shine light on the disaster left behind in capitalism's wake, and discusses how to battle for economic justice. A noted professor emeritus at the University of Massachusetts at Amherst, and now visiting professor at Manhattan's New School, Wolff has written many books on the effects of rampant capitalism, including Capitalism Hits the Fan.
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