Bringing Bad Things to Life
In the second installment of “Capitalism Unmasked,” Econ4’s joint project with AlterNet, Doug Smith lays out the difference between profiting from market successes and profiting from market failures:
Capitalists can pick between two responses to markets that are failing. They can bet their capital on fixing them – on bringing more good things to life. Or, they can do everything possible to extract more and more profit by extending, expanding and exacerbating the failures.
Read more here.
How Paris Hilton’s Dogs Ended up Better off than You
Jerry Friedman recounts the gripping story of the greatest heist ever in the first installment of “Capitalism Unmasked,” Econ4’s joint project with AlterNet:
Elites say that we need inequality to encourage the rich to invest and the creative to invent. That’s working out well — for 1% pooches.
Read all about it here.
