capitalism

World leaders urged to act as anger over inequality reaches a ‘tipping point’ The world’s richest 1% are on course to control as much as two-thirds of the world’s wealth by 2030, according to a shocking analysis that has lead to a cross-party call for action. World leaders are being warned...

Tenants in Washington, D.C., are going into their second month of a rent strike, a tactic that organizers and experts say is becoming increasingly common as cities gentrify, the Washington Post reports. The strike mirrors others that have taken place in Cleveland, Houston, Los Angeles, San...

Job prospects, savings, safety nets, life expectancy—the data show just how bad a mess they face. Lately I’ve been losing track of how old everyone is. Friends, co-workers and family members are resisting middle age with vigorous exercise, careful diets and regular doctor visits. Even when...

Good ol Capitalism Atlanta, Georgia (CNN)Americans born into poverty are more likely than ever before to stay that way, according to a United Nations report on poverty and inequality in the US. "The United States, one of the world's richest nations and the "land of opportunity," is fast...

We believe in hyperbole as much as anyone, but the other day we came across a claim that stuck out to us. In boasting about the economy, a commentator wrote that it's "hard to find a single indicator that isn't pointed in a bullish direction." Now, it's true that the bulls are running. In May...

A depressing new analysis found that young Americans today are making 20 percent less than baby boomers were at the same age. Despite being the largest and best-educated generation in the country, millennials are far worse off financially than baby boomers were, spelling out a troubling...

Companies Steal $15 Billion From Their Employees Every Year The amount of money employers take from their employees each year–by refusing to pay overtime or misclassifying workers so they don’t get minimum wage–is larger than the value of all the theft by criminals. When employers fail to...

:scust: meanwhile people pee in bottles and work in un air conditioned warehouses Just how rich is Amazon CEO Jeff Bezos? Well, let’s put it this way: According to MONEY’s calculations, it takes him just under nine seconds to earn what Amazon’s median worker does in a year. This revelation...

Among the questions the movie raises is whether black success within capitalism is something to reflexively celebrate or whether the success of individuals who belong to an exploited class serves to ratify and consolidate — rather than thwart or ameliorate — the system doing the exploiting...

Among the questions the movie raises is whether black success within capitalism is something to reflexively celebrate or whether the success of individuals who belong to an exploited class serves to ratify and consolidate — rather than thwart or ameliorate — the system doing the exploiting...

The rural world Communist organizers entered in 1930–31 made the poverty-stricken streets of Birmingham look like a paradise. Cotton farmers were in the midst of a crisis at least a decade old. After World War I, cotton prices plummeted, forcing planters to reduce acreage despite rising debts...

Trouble # 12: There Goes the Neighbourhood In this month’s episode of Trouble, the first in a two-part series, sub.Media examines gentrification as a process of capitalist urban development, by taking a closer look at how it is playing out in three mega-cities: Toronto, New Orleans and...

Jeffrey Pfeffer has an ambitious aspiration for his latest book. “I want this to be the Silent Spring of workplace health,” says Pfeffer, a professor of organizational behavior at Stanford Graduate School of Business. “We are harming both company performance and individual well-being, and this...

Walmart's CEO makes a lot more than the company's median worker. 1,188 times more, to be exact. Doug McMillon earned $22.8 million during the retailer's last fiscal year, which ended on January 31, according to a company filing. Walmart's median employee, meanwhile, earned $19,177 in the same...

Seattle-based Amazon reported $1.7 million in total compensation for founder and CEO Jeff Bezos, which comes out to about 59 times more than the median Amazon worker. Amazon bills itself as a creator of jobs. Look no further than the ludicrous subsidy packages offered by cities in competition...

In the days since the Germanwings tragedy, the media has scrutinised every aspect of co-pilot Andreas Lubitz' life. Medical records, past relationships and the testimonies of colleagues have all been analysed and re-analysed, used to construct a narrative in our quest to understand why and how a...

UPDATE 2018 White Paradise

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SOMETHING YOUR TOUR GUIDE MIGHT NOT TELL YOU: The heart of NYC’s Financial District is built on a huge 18th century African Burial Ground. Some 419 Africans were discovered in 1991, a large portion women and children. The burial ground extends from Broadway Southward under City Hall, and...