Denizen

Capitalism

Capitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit. This socioeconomic system has developed historically in several stages, and is defined by a number of constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies may experience business cycles of economic expansion followed by recessions.

Denizen

What is out there, now, that represents a market-based economy beyond capitalism? Post Growth Institute Founder Donnie Maclurcan shares his views on what's working around the world today and his theory of change towards the next economy.

1% for the People

Capitalism is the undisputed powerplant of global prosperity. Since Adam Smith first described the “invisible hand” that allows economies to be efficiently self-organizing and self-renewing, every attempt to supplant it with a competing system has failed spectacularly.

Will capitalism end capitalism? | Steve Loftus | The Critic Magazine

Imagine waking up one morning to discover your job still exists, but your services are no longer required. The work is being done, just not by you, not by anybody. Somewhere, a machine is doing it…

Why Capitalism Requires Expanded Reproduction

A friend Nick wants to know why capitalism can only exist as expanded reproduction. In Volume II of “Capital,” Marx developed the diagrams for both simple and expanded reproduction. Why…

Capitalism in Crisis Amid Slow Growth and Growing Inequality

Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be brewing and the gulf between rich and poor continues to widen. Can the global economy reinvent itself?

Capitalism and the Death Drive

What we call growth today is in fact a tumorous growth,…

Exocapitalism: economies with absolutely no limits

There is a touch of destiny with this one. We have real…

The Myth of Capitalism Exposed

We need a revolution to cast off monopolies and restore entrepreneurial freedom. First of two excerpts from “The Myth of Capitalism.”

The Fallacy of Endless Economic Growth

What economists around the world get wrong about the future.

Cognitive Capitalism - Public Seminar

There are broadly three ways of thinking historically about capitalism. One draws on Marx’s value theory and pretty much treats...Read More

Le nouveau capitalisme (1/3)

Traduction de "New capitalism in America. Richest capitalists and richest workers are increasingly the same people" de Branko Milanovic

Denizen / Post-Growth Economics (Deep Dive)

Rather than money accumulating into fewer private hands, not-for-profit businesses loop their profits back into the economy. Rather than money going into someone’s bank account, it comes back into the system. This is not the same as a non-profit, which may not have a business model. These are businesses that make a profit but do not extract that capital but rather circulate it

Capitalism and Degrowth: An Impossibility Theorem - Monthly Review

A slightly different version of this article was published under the title “Degrow or Die?” in the December/January 2011 issue of the UK journal Red Pepper, for which it was... READ MORE

Le grand basculement capitaliste

À propos de : Jérôme Baschet, Quand commence le capitalisme ? De la société féodale au monde de l'économie, Crise et critique