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October 11, 2008 5:28:54 PM CDT

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Stories related to: capitalism

Stories

16 Stories

  • October 2008

    • American Capitalism Is Dead. The Culprit? America

      Washington Post  |  Oct 10, 08 10:35 AM CDT

      American Capitalism Is Dead. The Culprit? America

      (Newser) - As Wall Street banks collapse like a house of cards, American capitalism isn’t just failing in practice; the very idea of unregulated, free-functioning markets has received a serious blow, writes Anthony Faiola in the Washington Post . Once the symbols of American economic might, there's a real possibility that many US banks may find themselves partially government-owned as part of the bailout, altering America’s influence in pushing laissez-faire policies in controlled economies worldwide. More »

      Tags

      Financial Crisis  • bailout  • Fannie Mae  • Freddie Mac  • AIG  • bank failure  • capitalism  • banks  • emerging markets  • developing countries

    • Socialists: Rescue Plan's Not Our Bag

      Wall Street Journal  |  Oct 4, 08 1:03 PM CDT

      Socialists: Rescue Plan's Not Our Bag

      (Newser) - Some on the right are decrying the $700 billion rescue plan as a step toward American socialism, but the real socialists beg to differ, the Wall Street Journal reports. “Bailing out the biggest financial corporations in the country is a far cry from what we have in mind when we think about socialism,” says the chairman of the Communist Party USA. More »

      Tags

      Financial Crisis  • bailout  • Communist Party  • capitalism  • socialism  • rescue package

  • September 2008

    • US Dominance Is Dead

      Guardian (UK)  |  Sep 28, 08 11:38 AM CDT

      US Dominance Is Dead

      (Newser) - After decades of a scolding countries for irresponsible behavior, Uncle Sam has finally had his comeuppance, John Gray opines in the Guardian, concluding that “The era of American global leadership is over." Unable to silence Hugo Chavez, thwart Russian aggression in Georgia, appreciate Chinese fiscal practices, and halt its own shoddy fiscal policy, America’s fate is now being sealed. More »

      Tags

      China  • Financial Crisis  • bailout  • United States  • Cold War  • capitalism  • free markets

    • Bailout Needs Bigger Taxpayer Upside

      Washington Post  |  Sep 23, 08 1:00 PM CDT

      Bailout Needs Bigger Taxpayer Upside

      (Newser) - The impending bailout of beleaguered Wall Street behemoths should give the taxpaying public some protection and accountability, writes EJ Dionne Jr. in the Washington Post . The deal should allow the government to claim a stake in financial firms that make money from the bailout, giving taxpayers the chance to reap some rewards in exchange for taking such a large risk. More »

      Tags

      Financial Crisis  • credit crisis  • bailout  • Wall Street  • Henry Paulson  • subprime mortgage crisis  • capitalism  • Jack Reed

    • N. Korea: Not So 1984- Like

      Washington Post  |  Sep 14, 08 9:25 AM CDT

      N. Korea: Not So 1984- Like

      (Newser) - When many Americans picture North Korea, they see “gulag and famine,” but what one student found was less 1984  and "more like the set of Austin Powers 4 , minus the hot blondes.“ In fact, wandering Pyongyang revealed what could be “Anytown, USA,” free from "those missile-launchers-on-wheels that appear on the nightly news," writes Jerry Guo in the Washington Post . More »

      Tags

      North Korea  • college student  • Pyongyang  • capitalism

  • August 2008
  • July 2008
  • November 2007

    • Chavez Vision Roils Nation

      New York Times  |  Nov 17, 07 12:27 PM CST

      Chavez Vision Roils Nation

      (Newser) - Hugo Chavez's grasp on Venezuela is about to tighten as the country inches toward a virtual dictatorship and expanded socialism—a development that has support among the poor but is drawing dissent from economists and former army officials. An expected revision of the Constitution would drop the workday to six hours, establish a new social security system, and make Chavez re-electable for life, the New York Times reports. More »

      Tags

      Venezuela  • Hugo Chavez  • Constitution  • capitalism  • socialism  • coup

  • October 2007

    • Note to Dems: Use Health Care to Woo Business

      American Prospect  |  Oct 10, 07 4:38 PM CDT

      Note to Dems: Use Health Care to Woo Business

      (Newser) - The GOP is losing its grip on the big-business vote, and Democrats need to seize the opportunity to move in, argues the American Prospect 's Paul Waldman. Health-care reform is the perfect peg for the left to woo Wall Street, and with single-payer systems far cheaper than the current mess, wise Democrats should be able to convert even the hardest-hearted CEO. More »

      Tags

      Democrats  • Wall Street  • business  • GOP  • Wal-Mart  • capitalism

  • August 2007

    • Chinese Follies Are All Too Familiar

      Boston Globe  |  Aug 27, 07 9:28 PM CDT

      Chinese Follies Are All Too Familiar

      (Newser) - Before Americans get on their high horse about China’s recent lapses into substandard products—not to mention those fake Harry Potter translations—they should look long and hard at their own history, the Boston Globe suggests. In the 19th century, it was the US that was considered the nation that cut corners. It’s a normal, if not necessarily forgivable, phase Stephen Mihm calls “adolescent capitalism.” More »

      Tags

      China  • Harry Potter  • exports  • capitalism  • contamination  • knockoff  • Charles Dickens

  • June 2007