Reinventing Capitalism: Creating a Better Market Society

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The Economy and Religion: Two Worlds? Catholic Thoughts on the Spirit of Capitalism

Economy and morality, or rather, capitalism and its ‘religious-ethical despisers’: two worlds and never the twain shall meet? On the contrary: the economic domain is not and has never been without morals and beliefs. Historically, Catholicism has contributed to the spirit of contemporary capitalism. But modern Catholic social thought has gradually developed a vision that suggests a conversion of the present global system. I will argue that it is necessary to continue the dialogue, not only because economists and faith traditions can critically contribute to each other, but also because this fosters the self-understanding of both faith traditions and economists.

Private Gain Must No Longer Be Allowed to Elbow out the Public Good

“Adam Smith had an elegant idea when addressing the notorious difficulty that humans face in trying to be smart, efficient and moral. In The Wealth of Nations (1776), he maintained that the baker bakes bread not out of benevolence, but out of self-interest. No doubt, public benefits can result when people pursue what comes easiest: self-interest. And yet: the logic of private interest – the notion that we should just ‘let the market handle it’ – has serious limitations. Particularly in the United States, the lack of an effective health and social policy in response to the coronavirus disease (COVID-19) outbreak has brought the contradictions into high relief.”

Resisting Neoliberal Capitalism in Chile: The Possibility of Social Critique

“In Resisting Neoliberal Capitalism in Chile, Juan Pablo Rodríguez examines two recent social movements leading the social and political contestation against neoliberalism in Chile, not only showing how these embody critique in practice, but also drawing on these experiences to interrogate the very idea of social critique. This ambitious book is a welcome contribution to a sociology of social movements grounded in a reflexive dialogue between critical theory, social movement studies and empirical enquiry, writes Malik Fercovic.

How to Evolve Past Capitalism

“Economic systems are like ecosystems. And so, to say that America is capitalist isn’t quite accurate. Instead, argues Erik Olin Wright, it is more precise to say that America has an economic system in which the capitalist mode of production is the dominant species. Yet other species exist. Public libraries and co-ops, for example, are socialist in nature.” – Review of Erik Olin Wright’s How to Be an Anti-capitalist in the Twenty-First Century

Restoring a Healthy Economy Will Require a Local Focus. Here’s Why.

” Life is different everywhere—it is determined by the context of a unique culture and a unique geography. The same goes for economies. Local economies are unique to their contexts, says John Fullerton, founder and president of Capital Institute. The pressure on the current global economy will cause it to shift and evolve into a healthier state of community-based economic development.”

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.”

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