Articles & blogs on critiquing / reinventing capitalism

Category: critiquing / reinventing capitalism

Corona and the Unbearable Lightness of Capitalism

“Capitalists have taken for granted resources provided by the state – education, health, infrastructures—without ever realizing that the resources they were squandering from the state would ultimately deprive them from the world which makes the economy possible. This must stop. For the economy to have meaning it needs a world. And this world can only be built collectively, by the joint cooperation of corporations and the state.”

Capitalism’s Triple Crisis

“After the 2008 financial crisis, we learned the hard way what happens when governments flood the economy with unconditional liquidity, rather than laying the foundation for a sustainable and inclusive recovery. Now that an even more severe crisis is underway, we must not repeat the same mistake”, writes economist Mariana Mazzucato.

Capitalism Is the Elephant in the COVID19 Isolation Room

“The materialist analysis of the coronavirus pandemic conducted here suggests that now that the Covid particle has become part of the global capitalist market-assemblage, there is no way to resolve both public health and economic crises in parallel. […] The alternative is to re-engineer the social and economic relations of the economy. It is unrealistic to imagine the wholesale abandonment of global capitalism any time soon, and it is unclear what might be put in its place. But there are some measures that can mitigate the way a virus such as Covid19 can spread.”

The Coronavirus Crisis Is a Monster Fueled by Capitalism

“The outbreak has instantly exposed the stark class divide in American healthcare. Those with good health plans who can also work or teach from home are comfortably isolated provided they follow prudent safeguards. Public employees and other groups of unionized workers with decent coverage will have to make difficult choices between income and protection.”

Virus-Enhanced Market Power: American Small Businesses Are Kept Hostages by Amazon

“Amazon announced restrictions on the type of merchandise it will allow sellers and vendors to send into its warehouses because Amazon’s fulfillment services (FBA) has reached its maximum capacity in light of the evolving crisis. Amazon’s failure to make necessary adjustments might jeopardize the economic prospects of tens of thousands of firms that rely on its platform on the eve of a recession.”

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