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Showing posts with the label “planned economy”

Quote of the Week: Albert Einstein’s Alternative to Capitalism

This crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a preparation for his future career. [Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. — Albert Einstein,  Why Socialism?

Vulture Capitalism

“In the book, Grace Blakeley takes on the world’s most powerful corporations by showing how the causes of our modern crises are the result of the economic system we have built – ‘a toxic melding of public and private power’. It’s not a broken system; it’s working exactly as planned. It can’t be fixed. It must be replaced. From Amazon’s attack on employee wages through its domination of regional economies, to how Boeing flies in the face of free markets despite its 737 Max disasters, and from the likes of Henry Ford to Margaret Thatcher,  Blakeley considers the past and present of our current crises  to pinpoint exactly how it all went wrong.”  “The 30-year-old describes her book as a critique of modern capitalism from a Marxist perspective, which isn’t a phrase that major writers on the left tend to attach to themselves these days. Instead of reduced taxation, the Office for National Statistics is forecasting that by 2027-28 the UK will have the highest level of...

Crimes Against Nature: Is There an Alternative?

 A very good approach! And in case one has not realised yet that the IMF and the World Bank impose policies with “criminal outcomes” – the words are Eric Toussaint’s and Damien Millet’s – this is a must read . The difference is that the crime here is part of a long destruction of nature for profit and capital accumulation. Related Crimes Against Nature Building in wood