Bank of America Chief Executive Brian Moynihan told the World Economic Forum in Davos that official global standards on sustainability and climate were needed to “align capitalism with what society wants from it.” Moynihan supports the work of a new …
via realclearinvestigations: Cast as a milestone in what the New York Times recently termed an “anticapitalist” march through America’s elite business schools, Wharton’s move parallels the advance of what critics call “woke capitalism” in boardrooms, already illustrated in the vast majority …
f you look up “capitalism fights racism” in Google, the top search results will show articles like: “Is Capitalism Racist,” “Capitalism without Racism: Science or Fantasy,” and, “The Rise of Capitalism and the Emergence of Racism.” Reading those titles, it …
By Brandon Smith The concept of “fascism” was originally entered into the Encyclopedia Italiana by Italian philosopher Giovanni Gentile, who stated that “Fascism should more appropriately be called corporatism because it is a merger of state and corporate power.” Benito …
by Chris Black “Cutting the partnership means Adidas will make a net loss of £217m in 2022 as a result, it said.” Adidas cuts ties with Ye, known as Kanye West, saying it does "not tolerate antisemitism" https://t.co/CAki5hsr0n — BBC …
by Chris Black The CEO of the publicly traded multi-billion dollar company Twilio said “yes, we’re going firing people for being white.” So, the tech company Twilio has decided to reduce its workforce. They’ve focused their firings on their White …
GERMANY SEIZES all ASSETS of RUSSIAN OIL giant Rosnetft. RUSSIA RETALIATION soon! BLOOMBERG homepage. IT´S ON! Germany seized the local unit of Russian oil major Rosneft PJSC as Berlin moves to take sweeping control of its energy industry, secure supplies …
The following article is sponsored by Consumers’ Research. It’s an innocuous-looking initialism that swims among a sea of other investment terms. But make no mistake, ESG, or “Environmental, Social, and Governance,” is a vicious shark that’s leaving higher prices for …
by lboog423 Corporations love to virtue signal about their “values”, but if it affects their bottom line with other countries, then those values don’t seem to matter any more. That’s because they never believed in them to begin with.
Via International Man International Man: Interest rates are simply the price of money. They have an enormous impact on banks, the real estate market, and the auto industry. It’s hard to think of a business that interest rates don’t affect in …
India is ready to supply the world food and grain because of the consequences of the ukraine war. But WTO and Capitalistic reasons won’t allow it and would rather let people starve h/t randomdudeonthe
Only a few years after “woke capitalism” was touted as the wave of the future, its supporters are getting a wakeup call of their own. Just ask BlackRock CEO Larry Fink. The tone of his 2022 letter to CEOs is …
Guest Post by Jeff Thomas via International Man Today, more than at any time previously, Westerners are justifying a move toward collectivist thinking with the phrase, “Capitalism has failed.” In response to this, conservative thinkers offer a knee-jerk reaction that collectivism …
Fifteen state financial officers sent a letter to U.S. banks last week noting $600 billion in assets they pledge to take elsewhere if the financial institutions embrace corporate wokeism and prohibit financing to the fossil fuel industry. Led by West …
by Chris Black I see a lot of people pointing at big tech, big pharma, etc., and then blaming “capitalism” for their power, but it’s government subsidies (essentially socialism) that prop them up, helps them expand their market share, etc. …
According to whistleblower documents, AmEx executives created an internal "Anti-Racism Initiative" that subjects employees to an extensive training program based on the core tenets of critical race theory, including "systemic racism," "white privilege," and "intersectionality." pic.twitter.com/pnpFkLYK8R — Christopher F. Rufo …
The Chinese Communist Party turns 100 on July 1, 2021. The grand old party has now outlasted its Soviet counterpart to become the longest-ruling communist party in history. And as CCP starts its second century, it has survived far longer …
by Ryan McMaken of Mises Institute In twenty-first-century America, millions of Americans—Christians and social conservatives especially—are finding that the nation’s most influential institutions appear to be implacably hostile toward them. These institutions include universities, public schools, the news media, and government bureaucracies. Moreover, corporate America …
Shopify CEO Tobi Lütke Speaks Out Against Woke Capitalism. Business Insider reports that the CEO of the e-commerce platform Shopify, Tobi Lütke, recently sent a letter to the entire staff reasserting the company’s commitment to competitive enterprise and rejecting calls for it …
President Biden has already proposed trillions in new spending alongside massive tax hikes. But the White House is reportedly considering another large tax increase. “The White House is considering raising the capital gains tax rate to 39.6 percent on people earning $1 million and …
by Sundance Boy howdy is there a disconnect amid the outlook of most ‘conservatives’ when it comes to corporations and capitalism. This tweet is a great place to recognize the distinction between the objectives of multinational corporations and their hatred of capitalism. First, …
Michael Every interviewed by Adam Taggart on Peak Prosperity For any problems they face, governments all over the world are now conditioned to simply deficit spend or issue new $trillions in ‘thin air’ currency. FULL SHOW NOTES AND LINKS HERE
by Adam Taggart For any problems they face, governments all over the world are now conditioned to simply deficit spend or issue new $trillions in ‘thin air’ currency. So how in danger are we of that recklessness leading to a …
Jeff Deist interviewed by Jay Taylor on Turning Hard Times Into Good Times
by David Haggith Socialism is the price Capitalism pays for unrestrained and unpunished greed, and Alexandria Ocasio-Cortez is the new face of Socialism in America. AOC refers to her Socialist revolution — for now wrapped up in the Green New Deal before congress …
Decades after capitalism seemed to have triumphed over socialism, politicians are once again arguing about the merits and drawbacks of these opposing economic systems. Why are we still having this debate? Andy Puzder, former CEO of the parent company of …
by kit8642 Shoshana Zuboff talks about her new book on Survallence Capitol. Pretty interesting stuff, and essentially what Googled said they would do in 2016 with an internal video that was leaked last year. https://www.theverge.com/2018/5/17/17344250/google-x-selfish-ledger-video-data-privacy
By Patrick Watson Many people are worried socialism will take over the US. They’re sure it will be awful. Socialism can mean many things. You hear it applied to state-dominated economies as varied as Venezuela, Norway, and China. I suspect Karl Marx …
By John Mauldin The Soviet Union’s collapse ended the socialism vs. capitalism argument. Semi-free markets spread through Eastern Europe. Collectivist economies everywhere began turning free. Capitalism seemingly won. Even communist China adopted a form of free market capitalism. Although, as they …
by Dave A fascinating post by Wolf Richter, quoting an NBER report/model that found lowering rates too far, for too long, gives an undue advantage to the market leader. This reduces competition, which in turn reduces productivity, and also ends …