Post-Post-Modern Capitalism
Finance is to our stagnant societies what the space race and the Cold War were to the Eastern Bloc countries of the 1970s and 80s – a huge cost that the state imposes on...
Tagged: capitalism
Karl On Bailouts
It is clear that there is a shortage of means of payment during a period of crisis. The convertibility of bills of exchange replaces the metamorphosis of commodities themselves, and so much more so...
Capital Irony
The New York Times has an article reviewing a book which basically worries that Silicon Valley “innovation” is hollowing, consisting mainly of me-too companies with low barriers to entry being funded by cautious, herd-chasing...
USA’s Deuxieme État
A 2004 U.S. Government Accountability Office (GAO) study found that 61% of American corporations, including 39% of large companies, paid no corporate income taxes between 1996 and 2000. Last year, corporations shouldered just 14.4%...