NYC Transit’s State of Emergency

New York Governor Andrew Cuomo has declared a “State of Emergency” for the Metropolitan Transit Authority.

United Airlines: The Face of Monopoly Capitalism

While public outrage has put United’s management on a PR defensive, the reality is that consumers in the air travel industry are limited in their “choice” between just a few gargantuan companies.

Startup Entrepreneur
Capitalism’s $1.3 Trillion Unicorn Problem

It is said that a man standing on the edge of a cliff does not reason. Today’s global economy is full of cliffs, one of the steepest being the Silicon Valley tech sector, and the […]

A Socialist Solution to the California Homelessness Crisis

As the state with over a third of the country’s chronically homeless population, California has faced this epidemic for decades.

ChinaShippingContainers
Global Economy Teetering on the Brink

The American economy is like a cartoon character which has raced off of the edge of a cliff, suspended in midair with nothing to support it. 

stock-broker
Notes on the Global Economy: Drowning in Oil and Credit

Global markets gave fallen 7.1% since January 1, their worst start since 1970. George Soros, the renowned business magnate, says the situation developing in China reminds him of the period prior to the banking crisis of 2008.

china-debt-crisis
China and the World Economy in 2016: “Sell Everything"

Less than a quarter of an hour after opening, the Chinese stock market was closed by an automatic shutdown. This was triggered twice last week by rapid falls of more than 7%. 

Uber Taxi Protest in Chicago Photo credit: Scott M Liebenson
The Uber Controversy Reveals the Rottenness of the Taxi Industry

The arrival of the smartphone application “Uber” has thrown the taxi industry into a state of disarray. First launched in June 2009 in San Francisco, the application has spread rapidly and today finds itself in […]

MinimumWage
The Crisis and the Minimum Wage

The “Great Recession” may have “technically” ended in June 2009, but what really matters are full employment and a steadily increasing quality of life. Capitalism’s inability to provide this is not due to individual malice […]

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Capitalism's Sickness and its Cure

Today, the capitalist class is nothing more than a parasite. It has nothing to offer those suffering from disease and illness but elaborate marketing scams and patent speculation.

MarketCrash
Stock Market Meltdown: Harbinger of New World Slump

World stock markets have been in meltdown from Shanghai and Shenzhen to London and New York. A sea of red blighted the computer screens of the stock exchanges everywhere in a panic global sell-off. Shock […]

needjobs
Are Capitalists Job Creators?

Capitalist apologists—particularly those aligned with the Republican Party—have long referred to the 1% as “job creators.” As this popular myth goes, the capitalists alone are responsible for investing in the economy (“taking risks”), thereby creating […]

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