The Corruption of Capitalism by Guy Standing: Review

Guy Standing’s The Corruption of Capitalism (Biteback Publishing 2017) is a powerful attack on rentier capitalism and, very explicitly, a call to revolt. It is very informative and the detailed factual descriptions that Standing puts before his readers are intended to make them angry. He succeeded with me and probably will with most readers.

AI Has Already Taken Over. It’s Called the Corporation

Imagine a world where corporate charters were only granted if they adopted a triple bottom line, and where shareholder lawsuits threatened every time a company broke one of its own social and environmental standards. Until that happens, it may be that the “worst event in the history of our civilization” is not the future development of modern AI, but the decision by a group of 17thcentury politicians to unleash the power of the Corporation on an unsuspecting humanity.

The History of the World in 10½ Blog Posts. 10. The Current Impasse

So as I see it humanity now faces a choice. We can continue extolling the virtues of ‘development’, pin our hopes on a rapid decarbonisation of the energy system while retaining something like present levels of energy usage, and imagine that a further iteration of the capitalist economy will somehow overcome the grinding poverty that afflicts so many people in the world today. Or we could take the view that the forms of development offered by this ‘modernism’ have failed.

The Movement to Replace Neoliberalism is on the Ascendency – Where Should it go Next?

We think there is now broad intellectual convergence across groups around a shared critique of the failings of neoliberalism and the need for a new paradigm. There is slightly looser convergence on the overall goals or values of a new paradigm, largely centring on equity, sustainability and democratisation. However, outside of one or two notable efforts, we have not seen common narratives or policy solutions emerge. Our conclusion is that this results from material barriers to progress, rather than profound differences between groups.

Greece: Alternative Economies & Community Currencies Pt. 1

While capitalism and consumerism dominate the culture of the United States of America and the Western world, community currencies are creating a buzz elsewhere. The radical need for alternative economies and community currencies is becoming more commonplace among societies across the globalized world dealing with the crisis of mass poverty and inequality. In part one of our three part series shining a light on some of these alternatives, we look at the Athens Integral Cooperative.

Big Finance Goes to COP23

Each year at the UN climate negotiations, we UK youth bring our determination for climate justice to the discussion. We don’t come to the talks with high expectations. But this year the UK has gone above and beyond to surprise us with their lack of leadership. From advertising Barclays at their UN pavilion, to dismissing questions on crucial climate related policies such as fracking, or advocating for fossil fuel companies to be involved in the negotiations, they didn’t miss an opportunity to disappoint.

Capitalism Is Not the Only Choice

To escape this “capitalocentrism,” we need to broaden the definition of economy beyond capitalism. What if, instead, economy is all the ways that we meet our material needs and care for each other? And what if it’s not a singular thing? Then we would see that beneath the official capitalist economy are all sorts of thriving non-capitalist economies, where there may not be a profit motive or market exchange.

In Defense of Somewhere

Somewhere — the gravel road I grew up on, the wharf I fished from, the woods at the end of the road where we roamed, the edge of the bayou where we fought off pirates to keep them from landing — is no longer. It is now an anywhere of pavement, sidewalks, Walmarts, hotels, casinos, and housing developments. Anywhere is nowhere.