Displaying items by tag: capitalism

“Wasting resources, capital and income on stuff nobody really needs,” Charles Hugh Smith wrote in 2017, “is a monumental disaster on multiple fronts. Rather than establish incentives to conserve and invest wisely, our system glorifies waste and the destruction of income and capital, as if burning time, capital, resources and wealth on stuff nobody needs is strengthening the economy.”

I come across the “stuff nobody needs” argument frequently, from voices all across the political spectrum, for reasons ranging from economic to environmental to spiritual.

Published in Opinion

Socialism’s popularity is reviving in America. 

Socialist Alexandria Ocasio-Cortez captured a seat in the new Congress and is calling for confiscatory tax rates at the same time Democratic Socialist candidates are thriving in many areas of the nation. The Washington Post reported in July that it’s “been a good summer for the Democratic Socialists of America,” who have “never had more adherents or more clout.” The Democratic Socialists of America openly calls for the abolition of capitalism.

Published in Opinion