Peer2Politics

In 1989, as the Berlin Wall fell alongside communism in Eastern Europe, pundits in the West proclaimed the triumph of capitalism. The American historian Francis Fukuyamaeven declared “the end of history,” writing in National Interest‘s summer 1989 issue that he saw “the universalization of Western liberal democracy as the final form of human government.”

Deutsche Bank announced plans to eliminate 35,000 jobs from its payroll over the next two years as part of a sweeping overhaul under new co-Chief Executive John Cryan.

This week I had the great pleasure to be one of the hosts of a wonderfully energetic and creative two-day summit on the new economy in Bristol, asking what the future could look like for money, business, ownership, cities and much more.

"If machines produce everything we need, the outcome will depend on how things are distributed."

Soc Gen's global head of research, Patrick Legland, has gone on record, according to a MarketWatch article yesterday as saying that the selloff in developed equity markets has gone too far, and he ...

The left “needs to abandon its mythology of the ‘liberation of the productive forces’”, Ned argues. “Instead of that narrative of progress, we need to realise that industrialism is a 200-year-old bubble that is beginning to burst.”

Capitalism isn’t going anywhere
without a fight, no matter how inventive the alternatives.

#IsItCapitalism #NewEconomyWeek FEATURING: Gar Alperovitz (Next System Project) Sohnie Black (Fund for Democratic Communities) John Fullerton (Capital Instit...

Back last summer, there was growing concern that the world economy, already making the weakest recovery from the deepest slump in production and investment since 1945, was slowing down. Indeed, it ...

I don’t know why we still call it capitalism. It seems to be some sort of failure or blockage of ...

June 20 (Bloomberg) -- The fundamental law of capitalism is that if workers have no money, businesses have no customers. That’s why the extreme, and widening, wealth gap in our economy presents not just a moral challenge, but an economic one, too. In a capitalist system, rising inequality creates a death spiral of falling demand that ultimately takes everyone down.

Shareholder primacy is an ideology, not law, and boards have the option to consider other audiences.

The Power to Create Money out of Thin Air is a review of Geoffrey Ingham’s book, Capitalism (Polity Press, first published 2008). However, like all the best reviews, it has become a hook on which to hang discussion of the author’s contemporary pet themes. Here, these include primarily, capitalism’s ‘elastic production of money’. However, Pettifor also takes the opportunity to explain why misunderstanding about the creation of money is so widespread, and why orthodox economists are mainly responsible for the confusion.