American oil magnate and philanthropist John D. Rockefeller gives a penny to a child in this undated photo. Backed by the immense wealth of the founder of Standard Oil, the Rockefeller Foundation was established in 1913 in Albany, New York. For several decades it was the dominant foundation in theRead More →
We live in a strange world. John D. Rockefeller, the founder of Standard Oil, helped provide the energy that powered the American Century from the early 1900s. Today, his grandchildren spend the billions of dollars he gave to the Rockefeller Foundation to attack the same oil and gas industry thatRead More →
OWe live in a strange world. John D. Rockefeller, the founder of Standard Oil, helped provide the energy that powered the American Century from the early 1900s. Today, his grandchildren spend the billions of dollars he gave to the Rockefeller Foundation to attack the same oil and gas industry thatRead More →
Adam Harmsworth, Coventry Socialist Party Woke Capitalism provides a useful introduction to the well-deserved critique of corporations that co-opt and sabotage progressive movements. Author Carl Rhodes gives us many examples of companies embracing slogans, gimmicks and campaigns on social issues: Ben and Jerry’s “Pecan Resist” flavor with proceeds going toRead More →
Financial regulation becomes a catch-22: Regulators are too politicized to be left unattended, but they are not politicized enough for elected officials to control them adequately. Generally speaking, financial regulators are expected to deal with issues considered important but not very controversial, such as the prevention of bank failures. TheirRead More →
When the Berlin Wall came down in November 1989, a cheer went up across the continent as it marked the end of communism in East Germany and Central Europe. This was followed in 1991 by the breakup of the former Soviet Union, with the Central Asian republics becoming sovereign states.Read More →
Students today are not as sensitive to Cold War ideology. (Mark Lennihan | AP photo) In this photo from March 8, 2017, the Fearless Girl statue faces the Charging Bull statue on Wall Street in New York City. | December 8, 2021, 1:00 p.m. In a recent Deseret News opinionRead More →
Highlights of History Capitalism is viewed positively by 60%; socialism, 38% Positive image of large companies down six points to 46% Democrats continue to view socialism more positively than capitalism WASHINGTON, DC – Americans remain much more positive about capitalism than socialism, and their scores for each have remained largelyRead More →
Michael T. Hayes is Professor of Political Science at Colgate University. As President Joe Biden finally signs the bipartisan infrastructure bill and pushes for passage of the “Build Back Better Billâ€, Republicans in Congress are once again invoking the specter of socialism to frighten their base. This accusation is notRead More →
Is the capitalist system the root of the problem or the solution to climate change? It depends on who you ask. Bill Gates, one of the richest billionaires in the world, tackles the subject with his recent book titled, How to avoid climatic disasters. He emphasizes investing in new greenRead More →
The vast majority of Greenland’s settlements – including the capital, Nuuk – lie on the country’s west coast, along the Labrador Sea and Baffin Bay. When traveling from Asia or western North America to Europe or the east coast of North America through the Northwest Passage, this is the homeRead More →
Following the breakthrough Paris climate agreement at Cop21 in 2015, American businessman Rick Saines received the National Order of Merit from France, making him a “knight” for the role he played in working with American and French officials to make of this historic summit a success. © Supplied Rick SainesRead More →
FFollowing the decisive Paris climate agreement at Cop21 in 2015, American businessman Rick Saines received the National Order of Merit from France – making him a “knight†for his role. ‘he played by working with American and French officials to make this historic summit a success. Six years later, atRead More →
COLOMBIA, SC P2024 presidential candidate Nikki Haley spoke on Wednesday against Republicans willing to compromise with Democrats on the economy. Haley, a former governor of South Carolina and United Nations ambassador, has accused some conservatives of “backing up” when Democrats defend ideas that have socialist components. “The right wing needsRead More →
Socialism 2021 is the latest in a series of international conferences on socialism that began in 2005. The theme this year is “Overcoming the Multiple Crises of Capitalism” and will feature speakers including Walden Bello (Philippines) and Saleh Moslem (Rojava / Syria). The conference started as an initiative of theRead More →
Heads of state, government ministers and thousands of other delegates from all corners of the world converge on Glasgow, Scotland for two weeks of climate change talks starting this weekend. Firefighters work at the scene of a forest fire near the village of Kyuyorelyakh in the Gorny Ulus region, westRead More →
The fast approaching United Nations climate change conference is an important meeting – you might even say crucial. Despite the 2015 Paris Agreement and the jubilation the agreement has sparked among those watching the climate change scene, the commitments made have failed to deliver on the agreement’s promises – andRead More →
The group of socialist MEPs called for a fundamental reform of global tax rules if the world is to finance its adaptation to the climate crisis and the devastating effects of capitalism. S&D chairman Iratxe Garcia Perez presented “The Great Shift†report, a document touted as providing “game-changing policy proposalsRead More →
Without the left hand of socialism as a partner, the right hand of capitalism is incapable of doing all that needs to be done. The reason why it is important that India Walton be elected mayor, at least for now, is this. The downturn economy will never hit bottom, andRead More →
Illustration by Anna Higgie In 1995, a young Patricia Zurita was researching freshwater dolphins in the Andean mountains when the last episode of border violence erupted between her home country, Ecuador and neighboring Peru. The conservation work of his team has been turned upside down. Soon after, however, those sameRead More →
travnikovstudio / iStock.com In an article titled “Why Gen Z Turns to Socialism,†Vice explained why Democratic Socialist Bernie Sanders has been so successful in uniting so many Gen Z members through so many progressive causes and movements. It turns out that young people found common ground in a perceivedRead More →
ANALYSIS / OPINION: The World Economic Forum has this push to replace shareholder capitalism with stakeholder capitalism – and it’s a disguised way of saying that the World Economic Forum is quickly pushing to replace capitalism with communism. The devil is in the details. The writing is on the wall.Read More →
Fridays For Future, an international anti-climate change movement, called for protests around the world last week. In total, there have been 1,700 strikes and demonstrations around the world in more than 80 countries. In Germany alone, more than 620,000 people demonstrated in 470 cities. Members of the International Youth andRead More →
Link to this page: https://www.socialistparty.org.uk/issue/1148/33054 From The Socialist newspaper, September 22, 2021 Life expectancy is decreasing, and at a higher rate for the poorest (Click to enlarge) Nancy Taaffe, Socialist Party of Waltham Forest I often think when I hear that a member of the royal family has passed awayRead More →
Much of the news from Republicans in Congress was about their attacks on the Democrats’ agenda, with many false allegations of frightening “socialist” policies. We have socialism in this country, but these are not policies promoted by the Democrats. Real socialism is the well-being of business. Thousands of large U.S.Read More →
New Orleans The author is a member of the Workers Voice Socialist Movement of New Orleans. Here she describes Ida’s ravages, government aid failure, and her ideas on how working class organizations should respond to the crisis. Collapsed building in New Orleans after Hurricane Ida hit in August September 12Read More →
Link to this page: https://www.socialistparty.org.uk/issue/1147/33027 From The Socialist newspaper, September 15, 2021 Join the Youth Fight for Jobs protests on October 9 Alex Smith, Socialist Party of Liverpool There are massive attacks on young people on the immediate horizon. The end of the increase in universal credit, scheduled for theRead More →
Link to this page: https://www.socialistparty.org.uk/issue/1147/33013 From The Socialist newspaper, September 15, 2021 Members of the Socialist Party held a booth at the Oxford Brookes Freshers Fair on Monday, highlighting the need for a new socialist student society on campus. We made contact with around 20 students and had broad discussionsRead More →
George F. Will recently argued that scientists’ agenda on climate change hinges on a progressive political agenda. It’s not really about climate change, but about politics and an effort to create a socialist state and regulate everyday life. Such science poses a threat to free market capitalism, which Will reallyRead More →
If you haven’t noticed that capitalism is killing us, you aren’t paying attention. Heating domes in the northwest, hurricanes in the south and northeast: man-made climate change has trivialized deadly weather events. And where is the incentive to do things differently? As long as the 0.1% are safe from theRead More →
The flood disaster in Humphreys County, Tennessee, over the weekend has so far killed at least 21 people, including two toddlers, and 45 others are still missing. The flash floods were the result of a storm that dropped 17 inches of rain over the area on Saturday night, possibly aRead More →
David moore As the Socialist Equality Party candidate for governor of California, I call for the broadest mobilization of resources to fight the catastrophic fires that have erupted across the state. To protect future generations, we must proceed with a massive redistribution of the wealth of state billionaires and putRead More →
Before industrialization, societies were stationary. Growth subsequently became the new normal. The challenge was how to integrate it into conceptual thinking. The economy was invented for this. The early thinkers, Adam Smith and David Ricardo, introduced the market, the price mechanism and the division of labor explaining economic transactions andRead More →
Link to this page: https://www.socialistparty.org.uk/issue/1144/32890 From The Socialist newspaper, August 11, 2021 Socialism 2021, photo Socialist Party In a world facing crisis on all fronts, the discussion of how socialist ideas can change the world is more necessary than ever. The Institute of Economic Affairs, a pro-capitalist think tank, recentlyRead More →
Eighteen months after last pandemic, many observations can be made on the origins and responses to the Covid-19 virus. The 24-hour news cycle and lack of critical analysis have left much of the world’s population uninformed, confused and seemingly helpless in the face of a real health crisis. No doubtRead More →
A majority of young Britons would like to live in a socialist economic system, new research shows. Millennials reject capitalism and firmly blame housing climate change crises. They feel that socialism, on the other hand, is a good idea that has simply been done badly in the past. The surveyRead More →
KARACHI: Even with a huge build-up of wealth and growth, the modern economic system has failed to resolve crises in health, population and individual living standards, speakers said on Thursday, as they discussed the issues. criticisms and possible solutions at the third session of the Fourth Post-Colonial Superior Conference. EducationRead More →
It is a system that seems compatible with different political perceptions By Andreas Charalambous and Omiros Pissarides The socio-economic challenges of the 21st century are universal in nature, and the prosperity of any country depends in large part on its ability to adapt to rapidly changing realities and market conditions.Read More →
Klaus Schwab By Bhabani Shankar Nayak * The pandemic has shaken up neoliberalism as an economic project of capitalism. The economic architecture of neoliberalism based on austerity, liberalization, privatization and globalization has failed to ensure the basic dignity of life in terms of basic health, education, home and security food.Read More →
First BlackRock, then Goldman Sachs. Money steps in to drive lasting change in places where regulation does not exist. BlackRock CEO Larry Fink’s annual letter to corporate CEOs was a call to action on climate change. And this week, Goldman CEO David Solomon, speaking at the World Economic Forum inRead More →
In his excellent article ‘Money is the oxygen on which the fire of global warming burns‘, Bill McKibben, the founder of 350.org, explains how the world’s leading financial institutions and insurance companies are still funding fossil fuel projects – on a much larger scale, low-carbon solutions. Bill suggests that shiftingRead More →
THE EDITOR, Madam: The concentration of carbon dioxide in the atmosphere before 1960 was less than 300 parts per million. It is now over 400 parts per million (National Oceanic and Atmospheric Administration). This is a concentration not seen for at least three million years, long before man existed. ThisRead More →
Climate change is the greatest risk and challenge of our time. The level of carbon dioxide in the atmosphere has reached 415 parts per million – the highest for nearly three million years. And the past five years were the hottest on record since the 1880s. British scientist Brian CoxRead More →
Evil fate the earth, to hasten the evils a prey, Where wealth accumulates and where men degrade. –Olivier Goldsmith. Twenty years ago, I wrote an editorial in which I described free market capitalism as “the most unjust and barbaric economic system ever conceived, and which now oppresses and mistreats mostRead More →
The world has only a dozen years to dramatically reduce emissions if we are to avoid the catastrophic effects of climate change, according to a recent report by the Intergovernmental Panel on Climate Change (IPCC). To get there, governments and businesses that use as much energy as major nations willRead More →
The planet is in trouble. Study after scientific study, we warn that we have pushed far beyond the physical limits of what our living world can handle. From increasing temperature extremes causing disastrous weather conditions – including record droughts and unprecedented fires – to oceans choked by plastic and collapsingRead More →
By Jahda Swanborough and Victoria Crawford of the World Economic Forum Humanity is making tremendous progress. Over the past 100 years, the population living in absolute poverty has fallen from 82% to just 9%. During the same period, we have seen the number of democracies increase from 16 to 123Read More →
This story reflects the views of this author, but not necessarily the editorial position of Fast business. You may not have noticed it, but a huge global movement is on its way to create the next generation of the internet. This radical technological change is largely driven by a keyRead More →
Humpty Dumpty is the perfect metaphor to represent the crisis of the current economic system. Like the classic nursery rhyme character, it has had a nice downfall and no one is quite sure how to put it back together. The reason it cannot be patched up is that a systemRead More →
IIf you want to understand why we are not moving faster towards creating a more equitable society that operates within ecological limits, then it is worth understanding the importance of the vacuum. One of the main fears of our industrialized society, which we largely refuse to face, is the beliefRead More →
by Georges MonbiotImagine that in 3030 BC. J.-C., the totality of the possessions of the Egyptian people filled a cubic meter. Suppose these possessions increased by 4.5% per year. How big would this reserve have been during the Battle of Actium in 30 BC? This is the calculation made byRead More →
THEImagine that in 3030 BC. AD the totality of the possessions of the Egyptian people occupied one cubic meter. Suggest that these possessions increase by 4.5% per year. How big would this reserve have been during the Battle of Actium in 30 BC? This is the calculation performed by investmentRead More →