Articles on Capitalism

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EPA/How Hwee Young

Capitalism with Chinese characteristics

Capitalism is, as the Marxists used to say, full of contradictions. It may well be the greatest wealth-generating machine ever invented. But it is famously volatile, unpredictable and prone to cyclical…
When our political institutions are market-driven, they risk becoming a democratic shell that no longer serves the people, as the European Union experience is showing. Theophilos Papadopoulos/flickr

Democracy that bows down to the market is a false compromise

Democracy’s problem is not the crisis but the triumph of capitalism. Democracy has become market-conforming, resulting in whole sections of society lacking meaningful representation.
There’s a reason they call them ‘impulse purchases.’ frankieleon/Flickr

The dark side of free markets

While free markets have delivered benefits, they also prey on our weaknesses, tempting us to buy things that are bad for us, be it sweet candy or sour investments.
The revolution of the past three decades has not been kind to the people who have experienced the destruction of their industries, jobs and communities. AAP/Jessica Evans

The unmaking of the Australian working class – and their right to resist

Something similar to E.P. Thompson’s story of England in the first three decades of the 1800s has happened in Australia between the mid-1980s and today.
This Occupy Toronto sign sums up the sentiment, but people are also moving on from capitalism in practice by such means as digitally enabled collaboration and the sharing economy. flickr/Eric Parker

After capitalism, what comes next? For a start, ethics

While some find it hard to imagine life after capitalism, the digitally connected people of the world have begun embracing a new set of ethical concerns requiring new types of economies.

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