Capitalism In Crisis

In the contemporary corporate world of escalating internationalism, high technology and hyper-finance, an evolving crisis of capitalism is taking shape and making strident new demands. It is a crisis that can be resolved only by citizens—from outside the marketplace—rather than within corporate dominions.

This crisis requires thoughtful sorting—to illuminate greedy corporate behaviors and to negatively sanction them through added taxation and regulation. These nonproductive behaviors—typically of a financial nature—add little to the quality of American life and far too often, detract from it. I call such behaviors, pseudo-capitalism.
Maddening, particularly, are corporate capitalists now seguing into new roles as pseudo-capitalists. One role now popular—among many schemes of the Reagan and post-Reagan years, is the corporate inversion. In it, an international corporation previously headquartered in the U.S. “inverts itself” to now be headquartered at a previous offshore subsidiary in a lesser-taxed country.

The costs in lost taxes, of course, must be borne by U.S. citizens, now called upon to carry an added burden of paying for public services. Corporate inversions are one more manifestation of how the rich are becoming richer, while most everyone else faces declining fortunes.
This Capitalism in Crisis podcast looks at glitches of capitalist doctrine, how they have been venerated by economic fundamentalists, and what is required to fix them now and get America back on track.
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In the contemporary corporate world of escalating internationalism, high technology and hyper-finance, an evolving crisis of capitalism is taking shape and making strident new demands. It is a crisis that can be resolved only by citizens—from outside the marketplace—rather than within corporate dominions.This crisis requires thoughtful sorting—to illuminate greedy corporate behaviors and to negatively sanction them through added taxation and regulation. These nonproductive behaviors—typically of a financial nature—add little to the quality of American life and far too often, detract from it. I call such behaviors, pseudo-capitalism.Maddening, particularly, are corporate capitalists now seguing into new roles as pseudo-capitalists. One role now popular—among many schemes of the... Show full description