capitalism

Posted by Elizabeth1
Elizabeth

Source: Papua New Guinea Mine watch

Mining Capitalism takes us from the devastation of a river to the courtrooms and commissions where activists and thieves reimagine its truth and consequences. This is a thrilling story, and everyone should read it" - Anna Tsing, author of Friction

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Posted by Elizabeth1
Elizabeth

An abstract from the book "23 Things They Don't Tell You About Capitalism" by Ha-Joon Chang

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Posted by Elizabeth1
Elizabeth

Abstracts taken from: 23 Things They Dont Tell You About Capitalism, By Ha-Joon Chang

The recent revolution in communication technologies –better known as the Internet, has led to the ‘death of distance’.  This technological revelation defines the age in which we live in today that dismisses the fine borders between nations, countries, companies, firms’ and individuals through speed communication and posing the need to be more flexible in our efforts to compete in a liberalization of markets.

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Posted by Elizabeth1
Elizabeth

Source: 23 Things they dont tell you about capitalism, Ha-Joon Chang

In a market economy, it is said that people are rewarded according to their productivity. Fact remains, a Swede gets paid fifty times what an Indian gets paid for the same job, but that is reflection of their relative productivities. People will tell you that introducing minimum wage legislations will reduce differences to wage in repute to productivity. This will only lead to unjust and insufficient rewarding of individuals talents and efforts - as such in India.

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Posted by Elizabeth1
Elizabeth

Source: 23 Things They Dont Tell You About Capitalism by Ha-Joon Chang

People – important people, designate regulations and rules. In this instance a market that is making money out of a business is being governed first and foremost by the rule makers who we mark out to be shareholder(s) incentivizing them to maximize company performance, maximizing social contribution, and in turn amplifying shareholders income. This gives basis of a company run by selfish interest of its governed owners.

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Posted by Elizabeth1
Elizabeth

Abstracted from the book “23 Things they don’t tell you about Capitalism

Blurb: This lighthearted book has a serious purpose: to lay bare the assumptions behind today’s dominant economic dogma. As the acclaimed economist Ha-Joon Chang shows with crisp, ironic wit, all economic choices are also political ones, and its time for us to be honest about them. 23 Things They Don’t Tell You about Capitalism reveals how global capitalism works – and doesn’t.

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Posted by Klaireh
Claire

 

Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.

brainyquotes.com

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Posted by rait man

Martyn Namorong

 

Take a look at that child above: in theory he could have been born with a silver spoon in his mouth, if his father owned the land that is now Port Moresby.

Instead, he lives in a slum. Literally living on top of shit.

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Posted by rait man

By Martyn Namorong

A FRIEND OF MINE recently told me about a trip to Mt Hagen. You know there aren’t any mines nor is there any oil or gas exploitation in the Western Highlands Province. But he reckons he saw more 10-seaters in Hagen than they have in Tabubil.

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