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.
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 […]
As the state with over a third of the country’s chronically homeless population, California has faced this epidemic for decades.
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.
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.
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%.
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 […]
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 […]
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.
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 […]
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 […]
The accelerated transformation of New York City in the past fifteen years has gone far beyond what anyone would have imagined possible, leaving many to wonder where “their” New York has gone. But it is impossible to tackle the question of housing without taking capitalism head on, above all in a city like New York.