Capitalism

14/07/22
Author: 
John Woodside
One in five bank directors also serves on the board of a fossil fuel company, reveals an investigation by Canada's National Observer. Illustration by Ata Ojani

July 14, 2022

In a dim, drafty room in Glasgow, the world’s most powerful bankers gather to unveil how they plan to save the planet. An ominous video plays: Earth, spinning in space, is paired with dramatic footage of sea waves crashing, busy highways and smokestacks spewing vile pollution to the skies. An alarm clock tick, tick, ticks underneath it all until the screen goes black and it rings, screeching across the hall. Flashed across the screen is the reason they’re in the room: “It’s time to finance our future.”

14/07/22
Author: 
Jake Johnson
People walk past a "we're hiring" sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. (Photo: Olivier Douliery/AFP via Getty Images)

July 13, 2022

In the wake of a higher-than-anticipated inflation reading, experts implored the Federal Reserve not to pursue more "aggressive interest rate hikes."

Hotter-than-expected inflation data published Wednesday intensified fears among progressive economists that the Federal Reserve—in its single-minded drive to tame price increases—will needlessly lock in another major interest rate hike at its policy meeting later this month, further suppressing economic demand and moving the country closer to a recession.

11/07/22
Author: 
Tyler Shipley
On Necrocapitalism: A Plague Journal

July 10, 2022

It is a testament to the power of On Necrocapitalism: A Plague Journal that a set of interventions written across the first year of the COVID-19 pandemic should remain so potent and resonant as we approach its fourth year. Writing about events as they happen is fraught with the risk of quickly sounding dated, that the authors will focus on aspects that didn’t have much cultural longevity or that the conclusions and predictions will soon ring hollow. None of these weaknesses haunt the incisive and at times magnificent On Necrocapitalism.

Category: 
02/07/22
Author: 
Ted Franklin
Electricity generation accounts for 25 percent of U.S. greenhouse gas emissions, making it the second-largest source of U.S. emissions behind only the transportation sector. Photo: DavidPT | Wikimedia Commons

July 1, 2022

The 51-year-old agency has been losing both power and credibility over recent decades, and SCOTUS’s recent ruling undermines it even more.

West Virginia v. Environmental Protection Agency completes a trifecta of long-sought court victories for the right. What New York State Rifle & Pistol Ass’n v Bruen did to gun control and Dobbs v Jackson Women’s Health Organization to reproductive rights, West Virginia v EPA has done to climate.  

01/07/22
Author: 
George Monbiot
 Illustration: Sébastien Thibault/The Guardian

Jun 30, 2022

Modern biofuels are touted as a boon for the climate. But, used on a large scale, they are no more sustainable than whale oil

What can you say about governments that, in the midst of a global food crisis, choose instead to feed machines? You might say they were crazy, uncaring or cruel. But these words scarcely suffice when you seek to describe the burning of food while millions starve.

24/06/22
Author: 
Grace Blakeley
Politicians and technocrats from across the political spectrum in the UK have taken it upon themselves to chastise workers for demanding wage increases in line with inflation. (Images Money / Flickr)

06.18.2022

It’s not rising workers’ wages that are causing spiraling inflation — it’s corporate profiteering.

Anyone observing the political debate about inflation in the UK could be forgiven for thinking that rising prices were being driven by rising wages. Politicians and technocrats from across the political spectrum have taken it upon themselves to chastise workers for demanding wage increases in line with inflation.

24/06/22
Author: 
Jessica McDiarmid
Residents carry their belongings away from the floodwaters that have engulfed a swath of South Sudan for almost a year, uprooting nearly a million people. Climate change is causing catastrophes throughout the developing world. Photo courtesy of MSF

Jun 22, 2022

First, the animals die.

The chickens, cattle, goats — livestock that provides sustenance for people — starve, drown or perish from disease.

Next, the babies.

Children under five are most vulnerable to malnourishment, dehydration and illness. Their deaths are a bellwether of the devastation brought by famine, drought, flood and disaster.

Then, the elderly.

Pages

Subscribe to RSS - Capitalism