Articles & Blogs, Category = Capitalism & socialism

Category: Capitalism & socialism

What Lehman Brothers Tells Us About American Capitalism

” Lehman Brothers played a pivotal role in the 2008 financial crisis, but long before that it was at the center of an American economy that moved from slavery to industry to finance. In his English-language adaptation of Stefano Massini’s play The Lehman Trilogy—which just opened on London’s West End—Ben Power explores how an immigrant family’s tales of fortune and greed reveal the rot in our economic system. He talks about the play with our Economics Editor, Aaron Freedman.”

Sharing Profits and Ownership with Workers not only Make Them Happier, It Benefits the Bottom Line Too

“Near-record low unemployment has companies fumbling to find the best ways to recruit and retain workers. Our research suggests a sure-fire way to do just that: give them a real stake. By that we simply mean sharing some of the profits and even ownership with the men and women who are fundamental to their companies’ success. […] After conducting a massive, multi-year study of shared capitalism, we found that not only is it good for workers, it’s good for the bottom line too.”

Socialism in Our Time?

“Bhaskar Sunkara […] has released a new book just in time for the 2020 presidential election season called The Socialist Manifesto: The Case for Radical Politics in an Era of Extreme Inequality (Basic Books, 2019). In the book, Sunkara makes the case for why a socialist economy, government, and society is necessary, and what it might look like. He also provides an in-depth historical look at the development of socialist intellectual thought over the past 150 years. Our Economics Editor Aaron Freedman speaks with him about the past, present, and future of socialist economics.”

Employee-Owned Companies Perform Better, But Are Resisted by Banks, Lawyers and Governments

“as a form of stakeholder capitalism, the evidence shows that employee ownership boosts employee commitment and motivation, which leads to greater innovation and productivity. […] If research over the years has found that employee ownership is a successful corporate model, this raises the question of why, if this makes companies more successful, it is not more widely adopted.”

How to Sell the Free Market to Millennials

“If younger people have different attitudes, it’s because they are much more favourable towards choice and competition, the two central tenets of a free market system. […] How do you square the fact that 90 per cent of 15–24 year olds see competition as good for the global market place with the idea that the young are anti free market capitalism? You can’t.”

Capitalism May Be under Fire, But Competition Is Extremely Popular

“Competition is a central tenet of a market economy. As long as scarcity exists, not all wants can be fulfilled, so economic actors must compete for scarce resources.

This is, of course, something far more straightforward to those versed in economic theory than it is to the average consumer. It’s interesting, therefore, to examine what the public thinks about competition between businesses. Thanks to the latest Flash Eurobarometer, we can do just that.”

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