Denizen

What are some of the fundamental flaws of capitalism? How might we instantiate a market-based economy that is growth agnostic?

Post-growth

Post-growth is an umbrella term that refers to a broad family of economic, ecological, and political perspectives responding to the limits-to-growth dilemma —the recognition that infinite economic growth is biophysically unsustainable on a finite planet. Central to post-growth thinking is the shift of the focus out of GDP growth as the main goal of the economy. Instead, well-being becomes the main objective. Post-growth puts emphasis on decoupling societal well-being from economic growth, advocating for the possibility of prosperity beyond growth.

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…

Brett Scott (@brettscott)

A lot of economists want to claim that economic growth is, at some deep level, driven by human greed. In this worldview, we always desire more and more, and so collectively seek to endlessly boost production I don’t buy this worldview at all I think economic growth is driven - at a deep level - by fear. It stems from the extreme insecurity of life in a capitalist market system, where you’re always on the verge of being cut out of society, and so need to over-secure your position through any means possible One of the most compelling pieces of evidence for this is the history of colonial beliefs around laziness. In many colonial regions, colonizers would complain about tribal people being lazy - in other words, not seeking to increase production when they could. The reason for this, however, was that such people had access to subsistence farming and secure social structures that did not require endless competition. Secure people are, by definition, ‘lazier’, in the sense that they do not perceive a visceral need to fight for survival The colonial mission then, was the cut them off from older means of survival, make them dependent on insecure market structures, and thereby boost production as they all turn up at the mines to elbow each other out of the way as they compete for jobs. Security, in other words, is the enemy of economic growth

Exocapitalism: economies with absolutely no limits

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

Deaths of Despair and the Future of Capitalism

A New York Times BestsellerA Wall Street Journal BestsellerA New York Times Notable Book of 2020A New York Times Book Review Editors' ChoiceShortlisted for the Financial Times and McKinsey Business Book of the YearA New Statesman Book to ReadFrom economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class

Capitalism and Its Critics: A History

A Financial Times Most Anticipated Book of 2025A sweeping, dramatic history of capitalism as seen through the eyes of its fiercest critics. At a time when artificial intelligence, climate change, and inequality are raising fundamental questions about the economic system, Capitalism and Its Critics provides a kaleidoscopic history of global capitalism, from the East India Company and Industrial Revolution to the di...

The Fallacy of Endless Economic Growth

What economists around the world get wrong about the future.

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…

Capital in the Twenty First Century

What are the grand dynamics that drive the accumulation…

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.

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

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

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.

Post-Growth - P2P Foundation

"The term postgrowth defines a range of approaches to socioecological challenges. They address these challenges in ways that are diametrically opposed to green-growth, which expresses the belief that society can simultaneously expand economic activity and reduce emissions and the demand for materials. Postgrowth approaches, by contrast, argue that the unlimited expansion of production and consumption is impossible and undesirable on a finite planet.

Grow like Trees: An Organic Approach to Societal Regrowth

2026 is the year that system breakdown became impossible to deny.  Democratic norms, societal norms, rule of law, the fabric of the social contract tearing as we watch. Or hide, unwilling or unable to face the unravelling. The hopeful among us see opportunity through the dark.  Tentatively or boldly we