Posts tagged capitalism
Opinion: Better Capitalism Will Reduce The Need For Unions
January 17, 2025 // But now, slowly but surely, we see the pendulum starting to swing again. A new generation of corporate leaders increasingly recognize the downsides of shareholder primacy and the benefits of multi-stakeholder capitalism. Some companies are moving away from treating workers as replaceable widgets — as pure cost centers — and increasingly see them as the key to improving productivity and innovation, which are now the key drivers of long-term profit. Some notable examples in recent years include Delta Airlines, Home Depot, Costco, Best Buy, and JP Morgan Chase.
Trump backs dockworkers in fight against automation. The move risks higher prices, experts say
December 14, 2024 // The U.S. Maritime Alliance, or USMX, the organization representing shipping firms in negotiations, said on Thursday that such automation would improve efficiency and increase capacity. Those enhancements would benefit U.S. companies and consumers that depend on goods from abroad, the group added. “We need modern technology that is proven to improve worker safety, boost port efficiency, increase port capacity, and strengthen our supply chains,” USMX said in a statement.
Who Loves Minimum Wage Laws? Kiosk Makers
July 3, 2024 // Average voters who might think they are helping downtrodden, exploited workers might mean well, but they should realize that they are actually enriching higher-skill workers (who don’t need the help as much), software developers, and people who own shares in ordering kiosk companies.
Colorado teachers union passes resolution declaring capitalism ‘inherently exploits children, public schools’
May 4, 2023 // The Colorado Education Association [CEA] reportedly passed a resolution that declares that "capitalism inherently exploits children, public schools, land, labor, and resources." A final version of the resolution that was passed states that "CEA believes that capitalism requires exploitation of children, public schools, land, labor, and/or resources. Capitalism is in opposition to fully addressing systemic racism (the school to prison pipeline), climate change, patriarchy, (gender and LGBTQ disparities), education inequality, and income inequality. However, a screenshot captures an earlier draft of the resolution that included a call to replace capitalism with a "new equitable economic system."
Opinion: America is on strike. Here’s what it means
April 18, 2023 // Let the protests in France be our warning of what happens when elite indifference goes too far. French President Emmanuel Macron drove a widely unpopular pension reform bill through Parliament without a vote, raising the retirement age from 62 to 64. Discussing the controversial measure in an interview, Macron placed his hands under the table to remove the luxury watch he was wearing, further widening the chasm between himself and the working class. He bypassed the legislative body meant to represent his people. Now his people are lighting buildings on fire. If we want to avoid suffering the same fate as France, our political and financial leaders cannot behave with the same pomposity. Vulgar displays of riches spread quickly on social media. The only thing that spreads quicker is the backlash. This dangerous dichotomy combined with a larger wealth gap than at any other point in modern U.S. history seriously raises the risk of unrest.