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Jun 6, 2019 · Capitalism is losing its luster. Most millennials in the U.S. now say they prefer socialism. Inequality is rising, as those at the top take more of economic ...
May 10, 2021 · [S11 E18] Capitalism vs. DemocracyOn this week's show, Prof. Wolff presents an analysis of how and why capitalism is an undemocratic economic system. The fir...
- 29 min
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- Democracy At Work
- Financing Fascism
- Capitalism and Authoritarianism After WWII
- Russia's Oligarch-In-Chief
- A Billionaire's Game
- Building Democracy Into Existence
The belief capitalism and democracy always go hand-in-hand is historically inaccurate. "Capitalism is basically an economic system that can function, and has historically functioned, within the context of a number of different political systems, ranging from democratic to extremely authoritarian," explains Jacques Pauwels, a Canadian historian and ...
Capitalism and authoritarianism took a different twist in the post-war era. "At the end of the Second World War, the United States looked around the world and told itself: 'We are the only important country that has not been sapped politically, economically, morally and militarily by this war'," observes Stephen Kinzer, a former New York Times fore...
At the same time it was active in Iran, the CIA also engineered a coup in Guatemala, overthrowing the democratically-elected government of Jacobo Arbenz, on behalf of the United Fruit Company, the American multinational famous for producing Chiquita bananas. Arbenz had wanted to expropriate unused plantation land and give it to agricultural workers...
The rise of right-wing populism arrived in America in 2016, when former Goldman Sachs executive, Steve Bannon, a proponent of the alt-right and head of Breitbart News at the time, went looking for a candidate to run for the Republican nomination. He found developer, Donald Trump. But long before Trump's ascendency, corporations and the ultra-wealth...
In recent years, the Republican Party and its wealthy backers have been attempting to undermine the U.S. electoral system by gerrymandering Congressional districts and engaging in voter suppression methods aimed at constraining the ability to vote among minorities, especially African Americans. "And in 2016, for example, certain urban areas, colleg...
Mar 11, 2020 · Democracy and capitalism coexist in many variations around the world, each continuously reshaped by the conditions and the people forming them. Increasingly, people have deep concerns about both.
Apart from this general compatibility, there is a more specific connection between the interests of the capitalist class and liberal democracy. This connection arises from the particular sort of “intra-class” relations that are characteristic of capitalism. Since capitalists must sell the surplus they extract on the market, they compete ...
Mar 18, 2020 · Political instability begins to threaten capitalism itself. We are now seeing that spiral in action. Dissatisfaction with democracy in the U.S. has risen by one-third since the mid-1990s and now ...
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Jul 10, 2021 · More recently, Slobodian argues that the entire neoliberal system of international institutions set up since the 1950s has served to protect capitalism against democracy: the entire “neoliberal project focused on designing institutions–not to liberate markets but to encase them, to inoculate capitalism against the threat of democracy” (Slobodian 2018, 2). For many on the left of the ...
