Category: Politics

That CEOs are overpaid is something, as Leonard Cohen would say, “everybody knows”; including the directors and shareholders who ultimately decide their pay. Yet firms are unwilling to do anything about it, because to do so would damage internal relations, undermine status and run against the norms of the system.  (This is a repost from an article first posted on October 24, 2015.) (more…)

Donald J Trump is called the ‘businessman’ President. The ethics and practices of ‘private’ business, and the nature and ‘business models’ of activities undertaken, are arguably, neither consistent with the established accountabilities of ‘corporate governance’ nor with the innovative future of the’ digital economy’.’    (more…)

This a review of Wolfgang Streeck’s book ‘How will capitalism end?’.

Communists of the world, relax! Don’t spend your efforts trying to bring down capitalism, because it’s going to bring itself down.   (more…)

It is hard not to conclude that our major parties have been the primary stumbling block. They seem singularly ill equipped to envisage, let alone manage, the institutional changes called for by a globalising and increasingly interdependent world. If innovation holds the key to the future, we would do well to look elsewhere for leadership or inspiration.   (more…)

Behind the votes for Brexit and Trump lies a simple and widespread perception: the system is rigged in favour of the rich. That perception is accurate. People may lash out at scapegoats and follow false prophets, but their disgust and alienation are quite justified. Trump promised to break up the cozy club at the top, and many people said Yes.   (more…)

Capitalism is in crisis. What Marx referred to as its internal contradictions have begun undermining its very foundations. It is time to ask what a post-capitalist world will be like.   (more…)