Tag Archives: capitalism

Top 50 US companies hoarding $1 trillion in cash

By Manus Lenihan The fifty biggest companies in the United States are sitting on piles of money adding up to $1.1 trillion. Apple, Microsoft, Google, Pfizer and Cisco alone have $439 billion between them (Financial Times). Like dragons sprawled watchfully dozing over heaps of gold, these gigantic corporations would fly into a rage over any plans to nationalise or raise ...

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The State – a tool to defend the rule of the 1%

The Occupy movement that began in the US in 2011 coined the terms, the 1% and the 99%. The movement was evocatively referring to the existence of a ruling class, encapsulated in the term the 1% a – the super-rich elite that owns and controls the key global wealth, resources and means of production.

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Review “The Entrepreneurial State” by Mariana Mazzucato

By Tim Heffernan Somewhere along the line, we’ve all heard these arguments in favour of capitalism: progress is based on competition, risk taking and innovation – capitalism encourages risk takers and rewards them;we might need state ‘enterprise’ for essential infrastructure like water and electricity but, in the area of new technology, the dynamism of the private sector will always outperform the bureaucratic, ...

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Blog from Athens: Paul Murphy on Syriza victory

The ideological wall saying ‘There Is No Alternative’ to austerity has been decisively breached. In so doing, they have blown a breath of fresh air across Europe – giving hope in Ireland, Spain, Portugal and elsewhere that the austerity nightmare can be brought to an end.

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Socialism: the great anti-theft movement

By Cillian Gillespie In 1910, James Connolly wrote his celebrated pamphlet Socialism Made Easy. As well as playing a leading role in assisting working class people to organise for their basic rights, both he and Jim Larkin sought to popularise the ideas of socialism as an alternative to the rule of the bosses. The pamphlet sought to answer the criticisms ...

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Why capitalism must go

Last month something truly spectacular happened, writes Cillian Gillespie. More than ten years after it was launched by the European Space Agency, the Philae lander accompanied by the Rosetta spacecraft landed on a comet 310 million miles from Earth and subsequently sent back numerous images of its surface.

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