Articles & Blogs, Category = Capitalism & socialism

Monopoly Was Designed 100 Years Ago to Teach the Dangers of Capitalism

“At the start of the 20th century, children were part of the regular workforce. They possessed few toys. When U.S. manufacturers created games, they built them to market to parents: to teach as well as to entertain. Progressive writer Elizabeth Magie Phillips created Monopoly in 1904 to teach players about the dangers of wealth concentration.”

What Is Socialism Like in Scandinavia?

“The American left and right often point to Scandinavian countries as examples of what government regulation can do, for good and bad. But are they actually socialists? How do their economies work? While stealing their social structures and trying to implement them elsewhere probably won’t work, they do offer an example of a kinder, gentler capitalism.”

Freedom of Choice – Not Competition – Is What Sets Capitalism Apart

“Capitalism has often been described as ‘a system of competition’ by its adversaries, or a system ‘based on competition.’ Naturally, this assertion is usually coupled with a spirited oration on how this ‘tooth ‘n’ nail’ competition psychologically corrupts us — pitting man against man in a ‘race to the bottom.’ Many of capitalism’s most vocal advocates have themselves imbibed this premise uncritically. […] In my view, this is a mistake.”

Envisioning Real Utopias from within the Capitalist Present – Erik Olin Wright Remembered

“It is not uncommon for advocates of a socialist alternative to capitalism to hear others say ‘it’s a nice idea but it does not work in practice’, or that the Soviet experience proved, once and for all, that capitalism is the best socio-economic model we can get. Erik Olin Wright, who died on January 23 2019, begged to differ. Wright devoted his career as a sociology professor […] to breathing new life into the study of alternatives to capitalism. He did so with a consistent concern, namely to harness social scientific reasoning to construct a better socio-economic system.”

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