capitalism

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Unloved Single Men Take to Streets to Protest Christmas

'Losers With Women' call the holiday a 'capitalist ploy'

(Newser) - About 20 men took to the streets of Tokyo on Saturday to protest Christmas for discriminating against single men, AFP reports. "Unpopular men, who don't have a girlfriend or are not married, are overly discriminated," says the group's leader, going by the fake name Mark Waters.... More »

Attention Shoppers: 5 Great Black Friday Deals

We got savings over here

(Newser) - It's Black Friday, which means you're either battling the crowds at shopping malls around the country or cozy inside reading articles about battling the crowds at shopping malls around the country. If you're in the latter group, here are five of the best Black Friday deals you'... More »

Amazon's Top Seller: a 685-Page Economics Book

Thomas Piketty addresses income inequality

(Newser) - Thomas Piketty's book Capital in the Twenty-First Century may not be a quick read, but it's flying off the (digital) shelves. What makes a 685-page book on economic history, translated from French, Amazon's bestseller ? Well, the reviews have been great; Paul Krugman calls it "truly... More »

The Lego Movie Transcends Politics

Because it's a giant ad: Noah Kristula-Green

(Newser) - The Lego Movie has garnered positive reviews from people all over the ideological spectrum, which is unusual in an era when "everything is politicized." Why the widespread approval? "What really makes the film work is that it represents the highest form of capitalist expression," writes Noah... More »

Vatican's New Bogeyman: Capitalism, Not Communism

Pope Francis' condemnation of trickle-down theory is a shift: Essayist

(Newser) - Pope Francis' blistering attack yesterday on the "tyranny" of unchecked capitalism in general and trickle-down economics in particular marks a fundamental shift in church thinking, writes Emma Green at the Atlantic . A half-century ago, the church largely condemned communism and embraced democracy, along with its underlying free-market system. The... More »

Protestors Try to Bar Access to Europe's Central Bank

Police say 2.5K attend largely peaceful 'Blockupy' protest

(Newser) - Protesters swarmed the European Central Bank in Frankfurt today, with a police-estimated crowd of 2,500 gathering in an effort to to block access to the institution. The "Blockupy" demonstration comes in response to officials' approach to the region's debt crisis, Reuters reports. Anti-capitalist protesters—holding signs reading... More »

18 Arrested in Seattle Protests

8 cops injured in demonstrations that began peacefully

(Newser) - Things started peacefully during May Day protests in Seattle yesterday—but they didn't stay that way. Police arrested 18 people after rocks and pipes were hurled and "smoke devices" lit, the Seattle Post-Intelligencer reports. Eight officers and at least one passerby were injured in the fray, according to... More »

2012 Words of the Year: 'Capitalism,' 'Socialism'

Merriam-Webster also cites bigot, meme, and malarkey

(Newser) - The logophiles behind Merriam-Webster have released their list of the most looked-up words of 2012, and at the top is an odd couple: "socialism" and "capitalism." It's the first time two words have shared the title, but the decision was a "no-brainer," because they... More »

Dark Knight Rises Rebukes Occupy Protesters

Film touts the free market: Andrew Klavan

(Newser) - The Dark Knight Rises is more than just a movie—it's an argument against Occupy Wall Street and other "radical leftist movements," writes Andrew Klavan in the Wall Street Journal . "The movie is a bold apologia for free-market capitalism; a graphic depiction of the tyranny and... More »

How Canada Got Richer Than US

Blends ideas of left and right: Stephen Marche

(Newser) - When it comes to personal wealth, Canada's finally got us beaten—for the first time in modern history. The average Canadian household's net worth was $363,202 last year, compared to $319,970 in the US, as the Globe and Mail noted. What's more, the Canadian unemployment... More »

Mitt's Right: Corporations Are People

And without them, America falls apart: Jack and Suzy Welch

(Newser) - Mitt Romney was derided by many when he claimed that "corporations are people," but he was right, write former General Electric CEO Jack Welch and his wife Suzy in the Wall Street Journal . After all, it's people—not buildings—who hire people, invent new technologies, discover medical... More »

Top Dems to Obama: Keep Attacking Bain

But a few worry strategy could hurt among independents

(Newser) - Some Democratic leaders may have their doubts about President Obama's attacks on Bain Capital —but most give the message the thumbs up and want him to keep at it. Mitt Romney "wanted to have this conversation," Pennsylvania's Democratic chair tells the Washington Post , which has... More »

The Great American Trap: Competition

Paypal founder shows that US instead needs 'creative monopolists'

(Newser) - Peter Thiel spent most of his life competing. He competed to get into Stanford, and then Stanford Law, and then to become a clerk for a federal judge. But it was when he lost a competition—to become a Supreme Court clerk—that Thiel became a real success, founding PayPal... More »

China Vows Not to Ditch Socialism

'We must cherish it more than ever,' says leader Wu Bangguo

(Newser) - In case anyone was unclear, China is not planning to ditch socialism. Despite officials' apparent capitalistic canniness when it comes to issues like trade deficits, market competition, global investment, and ravenous retailing, China plans to stay true to its socialist principals, and will eschew Western capitalist systems, said Wu Bangguo,... More »

Bankers Giving Banking a Bad Name

Nicholas Kristof hopes young idealists can save American capitalism

(Newser) - Nicholas Kristof was dumbfounded when, during a recent college lecture, a student asked him if banking jobs were immoral. "I've been sympathetic to the Occupy Wall Street movement, but look, finance is not evil," he writes in the New York Times . It's an essential force, allocating... More »

Hugo Chavez: Maybe Capitalism Ended Life on Mars

He blames it for many things, but this takes the cake

(Newser) - Sammy Hagar was this close to having the day's weirdest quote (it's here ) about extraterrestrial life, but then Venezuela's Hugo Chavez gave a speech. "I have always said, heard, that it would not be strange that there had been civilization on Mars, but maybe capitalism arrived there, imperialism... More »

Free Markets Saved the Miners

Innovative, for-profit companies came through

(Newser) - The Chilean mine rescue was “a smashing victory for free-market capitalism,” writes Daniel Henninger of the Wall Street Journal . “It may seem churlish to make such a claim. It is churlish. These are churlish times, and the stakes are high.” The fact is, this miracle rescue... More »

Cuba's 500K Layoffs a Sharp Capitalist Turn

Raul Castro's slow reforms hastened by crap economy

(Newser) - Cuba's announcement that it's looking to whack a half-million workers off the state payroll by March is a significant move toward capitalism, reports the Wall Street Journal. Bearing some 85% of the nation's 5.5 million workers on the government payroll, as well as a ravaged economy, the island nation... More »

N. Korea Allows Private Food Markets

Pro-capitalist policy shift comes amid growing famine

(Newser) - North Korea has effectively admitted that it can't feed its citizens by allowing people to buy food and other necessities at private markets, the Washington Post reports. Such markets have existed under the radar for years, but the government order sanctioning what amounts to capitalism "abandons all pretense of... More »

Moore's Latest Slams Love Affair With Capitalism

Filmmaker's 'magnum opus' sticks up for the little guy

(Newser) - Michael Moore’s latest film, Capitalism: A Love Story, which had its debut last night at the Venice Film Festival, isn't likely to match the “political impact” of Fahrenheit 9/11, but you might still call it his “magnum opus: the grandest statement of his career-long belief that big... More »

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