While reading Robert Reich's SAVING CAPITALISM Have discovered over recent months and via The Guardian and other publications, one Robert Reich. Reich is 'an American professor, author, lawyer, and political commentator' who 'worked in the administrations of Presidents Gerald Ford and Jimmy Carter, and served as Secretary of Labor from 1993 to 1997 in the … Continue reading Do I want to save capitalism?
Extract from ‘The beguiling sins of industrial capitalism’
Ch 2: A Haves and Have Nots World A much greater hunger In 1800 the world’s population was about 1.36 billion. If we are to believe statistical analysis, most people lived, in income terms, relatively similar lives. According to Gapminder statistical analysis (admittedly conjectural, given that data before 1900 is ‘highly uncertain’) the world’s poorest … Continue reading Extract from ‘The beguiling sins of industrial capitalism’
Ch 5: Human nature — The hierarchy of needs
A bit from the chapter I'm writing: Capitalism plays to what is most insidious in human ‘nature’: competitiveness, acquisitiveness, instant gratification, tribalism. It’s fundamental mandates, the profit motive; economies of scale; the price mechanism; inelasticity of demand… allow this game. The game derives from its character. Capitalism is not programmed for altruism. It is, and … Continue reading Ch 5: Human nature — The hierarchy of needs