BY – STANLEY F. STASCH From the late 1940s to the mid-1970s, ordinary people in the United States enjoyed a tremendous increase in their prosperity. It was the highest level of prosperity the world had ever experienced, and it resulted in the creation of the great American middle class. That period was immediately followed by the … Continue reading The U.S. Government’s Program Of Welfare For The Wealthy
BY JULIA CONLEY Releasing a new study showing that world governments spend at least $1.8 trillion annually to subsidize activities which worsen the climate crisis, global subsidies experts on Thursday said leaders must eliminate or redirect the financial supports as part of an ambitious Global Biodiversity Framework at an upcoming summit in China. The B Team … Continue reading Humanity Subsidizing ‘Our Own Extinction,’ Warns Study
BY Georgios Samaras, King’s College London When a wave of right-wing extremism hit Greece in 2012, few would have predicted that Golden Dawn, one of the groups involved, would grow to become the third largest party in the Greek parliament. This was the beginning of a long period of turmoil in Greek politics that saw a … Continue reading The end of Golden Dawn: has Greece shown us how to deal with neo-Nazis?
BY BRENDAN BARRETT, Osaka University Walking down the high street of a place described as one of the UK’s most ethical towns, the first thing you notice is the absence of national chain stores and fast food outlets. Instead, you find a diverse mix of independent shops selling organic food, clothes, art, antiques and furniture, as … Continue reading Demise of Totnes pound won’t stop this English town pushing back against austerity
By PHILIP KOTLER – Donald Trump drew many followers based on believing that the next President should be a business leader, not another run-of-the-mill politician. Business leaders understand the real world, work well with people, know how to manage payroll, are decisive, and get things done. Now we have enough information about Trump’s past business … Continue reading Is Trump a Fake Business Leader?
BY PHILIP KOTLER – No democracy is perfect. Some democracies work better than others. Swiss democracy works well. Canada’s democracy works pretty well. American democracy has fallen on hard times. In 2016, I published Democracy in Decline in which I cite many problems and solutions. We have voter suppression and low voter turnout. We let politicians choose their … Continue reading “Let Us Fix American Democracy”
BY JOSEPH GRAF, American University School of Communication Mainstream press coverage of President Trump has been unfavorable. Thomas Patterson of Harvard’s Shorenstein Center found that 80 percent of stories in the first 100 days of the administration were negative in tone. The president has attacked the media as “fake news” and journalists as “the enemy of the … Continue reading Trump craves good press from the ‘fake news’ media – just look at his White House newsletter
BY JAKE JOHNSON – A social media platform like this “is the ultimate surveillance tool: an addictive product that’s optimized to collect and analyze the intimate details of our lives.” While the pro-Trump data firm Cambridge Analytica has received a flood of media attention in recent days following reports that it harvested the personal information of … Continue reading Amid #DeleteFacebook Fervor, Experts Say Time to Tackle Big Data Profiteers
BY CHRISTIAN SARKAR Alba’s Dream (2017) The public has not forgotten Puerto Rico, and neither has Patrick McGrath Muñiz. After experiencing Harvey in Houston, and witnessing Hurricane Maria passing over Puerto Rico and Irma in Florida, where most of his family and friends live, the issue of climate change has become even more personal for the … Continue reading Lamentations: Disaster-Capitalism, Puerto Rico, and the Art of Patrick McGrath Muñiz
BY PHILIP KOTLER – There is a hidden meaning behind Trump’s slogan to “Make America Great Again.” His slogan is code for “Let’s Make America White again.” Immigration policy is one of the toughest issues facing the U.S. and its core beliefs and values. Both political parties are doing their best to bury or avoid … Continue reading The Closing of the Golden Door: When Fear Became U.S. Immigration Policy
PHILIP KOTLER – Here is a brief manifesto for our priorities, if we mean to save Democracy in the USA. Free-market capitalism has subverted our democracy. The growth of income inequality has undermined the American Dream. Increasing polarization has destroyed our unity as a nation. The plutocracy must end. We need to produce wealth for … Continue reading A Manifesto for Just Capitalism
[Or: How I Learned to Stop Worrying and Love the Global Imperial Plutocratic/Kleptocratic Brave New Fantasyworld of Vladimir Putin and Donald Trump] BY SCOTT DEWEY – As long as humans worship the trappings and display of power and wealth—as with celebrity, political power, military power, economic power—and they obviously do—there can be no democracy; democracy cannot … Continue reading Why We Worship False Idols, Always Have, And Always Will
BY PHILIP KOTLER The US has been downgraded in The Economist’s Democracy Index. It is now in the “flawed democracy” category. Donald Trump got elected as U.S. President on a platform that included a lot of changes that appealed to many people. Trump promised to “Make America Great Again” by bringing back the high paying jobs that had moved overseas … Continue reading The ‘Terrorist’ in the White House
FLYNT L. LEVERETT, Pennsylvania State University and ROBERT SPRINKLE, University of Maryland Chinese President Xi Jinping’s appearance at last week’s World Economic Forum shows global leadership is shifting, not drifting, toward Beijing. The most vigorous defense of globalization and multilateral cooperation was mounted not by an American statesman, but by the president of the People’s … Continue reading China steps up as US steps back from global leadership
BY JOANNE BERNSTEIN “May none but honest and wise men ever rule under this roof.” —President John Adams, upon moving into the new White House. All of us who are passionate about the arts are repelled by our new administration’s promise to eliminate the NEA, the NEH, and government funding for PBS. We know that cutting … Continue reading The Real Value of Government Support for the Arts in the U.S.
BY PHILIP KOTLER & CHRISTIAN SARKAR – As President-Elect Trump and his “Corporate Cabinet” take over Washington – the American public will witness radical changes taking place in our institutions, policies, and regulations. These changes might undermine America’s position as the world’s leader over the past century. The billionaires and generals who make up Trump’s cabinet bring … Continue reading Are We Kissing Democracy Goodbye?
BY RALPH NADER – Even for a failed gambling czar, Donald Trump has been surprisingly quick to show his hand as he sets the course of his forthcoming presidency. With a reactionary fervor, he is bursting backwards into the future. He has accomplished this feat through the first wave of nominations to his Cabinet and … Continue reading Trump Trumpets His Real Plans
By ROBERT WEISSMAN “Trump has converted the GOP into a populist working-class party,” Trump advisor and far-right economist Stephen Moore told Republican members of Congress at a caucus meeting. Well, advisor Moore, meet the Trump transition team. The leader of the would-be populist working-class party has invited rogues’ gallery of insiders—corporate lawyers, investment fund managers, … Continue reading What Populism? Trump’s America Is Party Time for the Corporate Elite
Philip Kotler’s upcoming book – Democracy in Decline: Rebuilding its Future describes 14 symptoms of a sick democracy: #1. Voter Literacy & Turnout #2. Quality of Political Leadership #3. Exceptionalism #4. Public Trust #5. Gridlock #6. Money in Politics #7. Gerrymandering #8. Extremist Primaries #9. The President vs. Congress #10. Federal vs. State Governments #11. Supreme Court vs. … Continue reading Democracy in Decline: An Interview with Phil Kotler
Ryan J. Thomas, University of Missouri-Columbia In a 2012 column, former New York Times public editor Arthur Brisbane asked his readers if the Times should be a “truth vigilante.” Clumsily worded and unnecessarily dramatic, Brisbane’s question pertained to something simpler: whether Times reporters should fact-check assertions made by subjects and sources in the text of … Continue reading Why presidential debates need real-time fact-checking
BY BERNIE SANDERS in the New York Times: WALL STREET is still out of control. Seven years ago, the Federal Reserve and the Treasury Department bailed out the largest financial institutions in this country because they were considered too big to fail. But almost every one is bigger today than it was before the bailout. If any were … Continue reading Bernie Sanders: “To Rein In Wall Street, Fix the Fed”
Michael Hopkin, The Conversation As French foreign minister Laurent Fabius brought his gavel down on the most ambitious climate deal ever struck, at 7:27pm on Saturday December 12, 2015, applause broke out throughout the sprawling conference centre in Le Bourget. It spread even into the cavernous media centre that played host to an estimated 3,700 … Continue reading Beyond Paris: what was really achieved at the COP21 climate summit, and what next?
The Econ4 network of teachers, professors, practitioners, students and others are working to shift how economics is understood, taught and practiced. We’re now launching a video contest to crowdsource as many short, 3 minute videos about “Greed” as possible. We will distribute many of these across our network and beyond. The contest is patterned after the … Continue reading CALL FOR ENTRIES: Greed! A Video Contest from Econ4
Richard Gunther, Ohio State University On November 3, Ohio voters approved by a margin of 71% to 29% a constitutional amendment that will greatly reduce, or even eliminate, the gerrymandering of state legislative districts beginning in 2021. Ratification of Issue 1 by the voters followed its approval by bipartisan votes of 28-1 in the Ohio … Continue reading Ohio strikes blow against gerrymandering
Corpocracy is the absurd reality of our society in which corporations and their interests are allowed to have dominance over the economic and political systems. Through the subversive imagination, the artist works toward a transformation of social consciousness. WATCH: The show features 13 artists including, Beehive Design Collective, Michael D’Antuono, Ron English, Clark Fox, Kenneth … Continue reading VIDEO: Corpocracy – at the Station Museum of Contemporary Art
by Jon Queally, staff writer – CommonDreams.org An independent investigation by journalists featured in the New York Times on Sunday offers an in-depth look at the way American corporations have used the inclusion of “arbitration clauses” within consumer contracts to strategically circumvent judicial review of their behavior and immunize themselves from class action lawsuits –”realistically the only tool citizens have to fight … Continue reading Corporate America’s Plan to ‘Misbehave Without Reproach
David Cobb’s latest on We the People, Not We the Corporations, is up on our Huffington Post FIXCapitalism channel. Read the article, and watch this interview below:
This course is an economic history of what happened to ordinary American people and families from about 1930 to 2010. From the late 1940s to about 1980 ordinary people and families in the United States enjoyed a tremendous increase in their prosperity and quality of life, especially when compared with the conditions that existed during … Continue reading Free Online Class: “The Creation and Destruction of the Great American Middle Class (1930-2010)” with Professor Stanley Stasch
We’ve just begun a partnership with Huffington Post – and we invite you to join us. It’s worth repeating why we’re doing this: Capitalism must evolve to serve the needs of all citizens, not just the very affluent. Our goal is to discuss the 14 Shortcomings of Capitalism and systematically analyze the problems and potential solutions. … Continue reading Our Partnership with Huffington Post – Join Us!
WATCH: Fareed Zakaria interviews Zeynep Ton
In April 2015, Capital Institute released Regenerative Capitalism (by John Fullerton) at an event hosted by Yale University. John Fullerton is the founder and president of Capital Institute, “a collaborative working to explore and effect the economic transition to a more just, regenerative, and thus sustainable way of living on this earth through the transformation of finance.” Through the … Continue reading REPORT: Regenerative Capitalism
Richard Stengel interviews Microsoft founder and philanthropist Bill Gates. We’ll reference this conversation in future discussions. The big question: how can we, as a society, encourage companies to do good?
Many a bitter fight is waged over tax policy. How high should sales taxes go? How should we tax personal income? What deductions should be allowed? Should all income regardless of the source be treated the same? Most countries have a similar list of income classes: the poor, the working class, the middle class, the … Continue reading A Note on Progressive Taxation of Personal Income
Lisa Sideris, Indiana University, Bloomington When the former Cardinal Jorge Mario Bergoglio chose Francis as his papal name, he signaled to the world a dual commitment to sustainability and the global poor. His namesake, Saint Francis of Assisi, was a man of poverty and peace who loved nature and animals, and is said to have … Continue reading With encyclical, Pope Francis elevates environmental justice
Welcome! As you’re aware, we live in a time where rational voices are increasingly questioning the shortcomings of capitalism. A group of us are starting a new online-community called FIXCapitalism.com and I wanted to personally invite you to participate. My name is Phil Kotler, and I’m a professor at the Kellogg School of Management at Northwestern University. The community brings together business … Continue reading Introduction