Word: capitalisme
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We cannot afford to consider these threats to world prosperity simply as natural expressions of the ups and downs of economic life. The turmoil of the past 18 months reflects the first systemic crisis of the global economy of the 21st century dominated by financial capitalism. It shows how much...
This is the context that already last spring, led us at the World Economic Forum to make responsible globality the theme of this year's annual meeting in Davos. Of course there have been a lot of comments--gleeful or disappointed--about the globalization process being stalled or even in...
Thailand, Korea and Indonesia have stopped reforming their banks and other instruments of "crony capitalism," says Courtis, but are still managing to claw back toward growth by a simple strategy: "You crush domestic demand, you crush your currency, so imports collapse and everything goes to the export sector." A year...
This all sounds like old hat, and you certainly didn't need the Baffler to find this out, but its critique gets better. It argues our decade has reached a new pinnacle of capitalism because the corporation has crushed or subsumed any thing that might stand in its way. The...
The famous eulogy that closes the play is perhaps its cruelest joke. Despite Charley's attempt to ennoble him, Willy's downfall is unrelievedly bleak. (Hardly anyone even shows up at his funeral!) "My God, it's so sad," director Elia Kazan exclaimed to Miller after reading the play for...