Tag: capitalism

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On Tuesday we’re going to get down to cases in America. Everything is on the line. And everything that you think is normal right now, today, could be fading or gone very shortly. The Democrat Party, transmogrified into what amounts to “communism lite,” insanely wants to destroy everything that has made America great: the Founding […]

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Recommended by Ricochet Members Created with Sketch. Woke Capitalism: How Huge Corporations Demonstrate Status by Endorsing Political Radicalism

 

It’s a rather strange claim of the American far left that their interests are opposed to that of corporate America, because there’s virtually no evidence to support it. Quite the contrary: During the wave of Black Lives Matter rioting that took place during the early summer of 2020, American corporations marched in lockstep. Not only did they use social media to swear fealty to this political movement, but they also made massive internal changes in conformity with BLM propaganda.

It’s called “woke capitalism” and while it’s not necessarily new, it’s certainly more prevalent than it ever has been. The term itself was coined by conservative editorial writer Ross Douthat in 2018. He succinctly summed up what woke capitalism is: superficial nods toward cultural leftism that allow the company to do what it really exists to do – make money.

You might be confused or think that there’s something ironic or askew about major corporations backing supposed “rebel” ideologies. However, this stems from a very surface understanding of the topic. When we delve deeper into it, the motivation for large corporations siding with ostensibly “anti-capitalist” groups will come clearly into focus.

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When interviewer Marissa Meyer of “The Happy Writer”, a podcast that focuses on writers, asked how Leah Johnson, debut YA author of You Should See Me in a Crown, celebrates accomplishments, Leah answered that she buys sunglasses and suits and goes to restaurants. A moment later, Leah downplayed these things by saying that she tries […]

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Rob Long is in for Jim today. He and Greg appreciate the climate change crowd joining other far left activists in admitting what we’ve known for decades – that their real goal is to kill capitalism. Rob also tears into New York Gov. Andrew Cuomo for his ongoing celebration of himself and for claiming people from other states are now flocking to New York to be safe from the virus. Rob also explains why countless New York businesses are on the brink of collapse because of Cuomo’s callousness. And they have fun with Berkeley, California’s decision to have unarmed civilian city workers make traffic stops instead of police.

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The clock is ticking on how long people will continue to tolerate the COVID-19 quarantines. Here in Chicago, wills are weakening, despite the recent extension of the lockdown until the end of May. Many businesses that chose to shutter are now reopening within the restrictive guidelines of the quarantine. Preview Open

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Recommended by Ricochet Members Created with Sketch. Envy and Entitlement: The Immorality of Socialism

 

“I want these billionaires to stop being freeloaders,” demands Elizabeth Warren during an interview with CNBC.

“This extraordinary, unprecedented concentration of wealth and power and privilege must be broken apart,” says the former Texas congressman, Beto O’Rourke, to a cheering audience at his first presidential rally, “and opportunity must be shared with all.”

Recommended by Ricochet Members Created with Sketch. Capitalism vs. Socialism: Facts vs. Opinion

 

Opinion: Capitalism is a corrupt system, where the rich get richer and the poor get poorer.
Fact: Capitalism has created more wealth for more people, than ever in the history of the world.
Fact: The poor in America are still richer than about 70% of the rest of the world.
My opinion: Capitalism in itself is not a corrupt system; people are easily corrupted and the system need not be replaced.

Opinion: Democratic Socialism is a better economic system for the US than capitalism.
Fact: Socialism is defined as “[a system] in which the means of production are owned and controlled by the [government],” and “[a system] in which there is no private property.”
Fact: This is what happened in the USSR, Cuba, and Venezuela, and it resulted in extreme poverty for all, except those in power.
Fact: The Nazis were the National Socialist German Workers’ Party.

Stian Westlake joins City Journal editor Brian Anderson to discuss the future of productivity and how institutions and policymakers can adapt to the new “intangible” economy.

Throughout history, as documented in the book Capitalism Without Capital by Westlake and coauthor Jonathan Haskel, firms have invested in physical goods like machines and computers. As society has grown richer, companies have invested increasingly in “intangible” assets: research and development, branding, organizational development, and software. Today’s challenge is to build the institutions and enact the policies that will maximize the new economy’s potential.

Chad Benson, host of “The Chad Benson Show,” and Greg Corombos of Radio America serve up your Columbus Day martinis while Jim is away basking in a New York Jets victory. They start by getting a kick out of Bernie Sanders once again trying to drag Democrats to the left by telling ABC News the big difference between him and Elizabeth Warren is that she’s a capitalist and he is not. And of course, Bernie once again calls for a political revolution. They also shudder as Chinese President Xi Jinping warns that anyone trying to create divisions in China “will end in crushed bodies and shattered bones” and Chad warns that the U.S. and the rest of the world need to realize that the future will either be dominated by China or the U.S. And they react to the violent video meme depicting Trump mowing down media entities and political opponents and the furor that inevitable followed.

Recommended by Ricochet Members Created with Sketch. Socialist Senator Sanders Gets a Taste of Capitalism

 

But does he recognize it? I’m guessing probably not. This situation is the epitome of a capitalist tradeoff. His campaign staff is unionized. He went along with it because he has to as a “democratic socialist.” He is also highly in favor of a minimum wage of $15 per hour. His campaign has a budget, with a certain amount of dollars. So, Mr. Sanders has discovered that, with his current campaign budget, he cannot afford to pay everyone $15 per hour. He has stated, therefore, that he will reduce some staff hours in order to pay everyone that vaunted $15.

Yes, Bernie, when your cost of doing business rises (with little to no productivity improvement), you are forced into tough choices. Do you lay-off an employee? Do you reduce everyone’s hours? Do you reduce only some staffers’ hours? If you want to maintain a viable campaign organization, you will need to make some hard decisions.

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At least this candidate has a unique idea for a change although I suspect he wants a government takeover/solution. But, interesting that he has singled them out and maybe some need a little guidance and creative thinking nobody has mobilized. There are other philosophic (liberal) articles roasting Malls as relics of over-optimistic captalism, etc. I […]

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Contributor Post Created with Sketch. Even as the US Economy Produces More Jobs and Higher Wages, Somehow Capitalism Stays Broken. Weird.

 

Today’s populists overindulge in unwarranted economic nostalgia. For them, the immediate postwar decades were when America was really great. But maybe it’s a more recent period that they should be pining for. If you’re trying to make the case that “capitalism is broken,” then the Great Recession of 2007-2009 was your big moment. Capitalism seemed shattered, not just broken. It looked like this sucker was going down, to paraphrase President George W. Bush.

But then the economy started to recover, slowly but steadily. Indeed, the US expansion hit the 10-year mark this month and is on the verge of its longest-run on record if things stay on track through July. An economy that’s producing gobs of jobs every month — a total of 20 million since 2010 — as it grows year after year is a dodgy example of broken capitalism.

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Being a bipolar psychologist must be quite an experience: “Huh. Here I am, entering a manic state, and even thinking about my disordered thinking. I could give a lengthy disquisition on the neurochemical causes of bipolar disorder. Yet I can’t seem to do anything about it. How very ‘meta’ (as the kids say). Consciousness is strange.” […]

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 Our old friend, Claire Berlinski, has a very good piece in the City Journal about a communist festival she attended last Fall. In classic Berlinski style, she captures the fist in the air punch with all its Marxist glory, using her funny/serious, tongue-in-cheek writing style. It’s a snapshot of the mindset of current zombie European […]

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Jim Geraghty of National Review and Greg Corombos of Radio America argue that Beto O’Rourke running for president is actually a good thing because it will either show media infatuation can get you elected or burst O’Rourke’s hype bubble. They are also concerned by the alarming rise in mental health disorders in teens that is linked to social media use. And they also give Elizabeth Warren a molecule of credit for defending capitalism, only to watch her then say markets don’t work for health care or education.

Hello podcast fans, young and old, big and small and welcome to this edition of the Harvard Lunch Club Political podcast, number 215(!!!) the Irredeemable AOC edition of the show with your lost-soul hosts, east coast radio guy Todd Feinburg and west coast AI guy Mike Stopa. Each week we bring to you the meat, the core, the essence of the political scene with cutting insight, guffaw-inducing humor and a pinch of profundity.

This week we bring you the infamous Alexandra Ocasio-Cortez, the big AOC, the woman of the hour. It is the sunset of capitalism and the dawn of a new human stewardship of the sacred space-travelling temple that we call planet Earth. It is a moment of renewal, it is a platform so sincere that the trees will be hugging us back. AOC forever!

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You see these guys almost every day standing on the sidewalks with their garish slogan-covered signs, doing their part for a cause greater than themselves. Not content to sit at home and do nothing, these sign holders, walkers, wavers, and twirlers advertise businesses large and small with no every thought of payment. These are the […]

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Free-market advocates must not be beguiled that technological change and disruption mean the end of capitalism. Conservatives and classical liberals face a challenge today similar to that faced by William F. Buckley Jr. at the founding of National Review as he stood athwart history yelling, “Stop!” Socialists of Buckley’s day spoke of dialectical history inevitably […]

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