capitalism

Imagine you came across a 150-year-old message in a bottle that predicted the world would face a catastrophic crisis as a result of profit-driven capitalism.

Imagine that prediction also explained why capitalism — sustained for generations through the exploitation of nature and human labour — would push aside all moral, rational and scientific objections in the blind pursuit of profit.

Let’s stop putting our hopes in billionaires like Elon Musk and Jeff Bezos to save humanity. The billionaire class has benefited from the inequities of the capitalist system, and so is incapable and unwilling to change it, writes Rupen Savoulian.

The disaster at the Earle Haven Retirement Village is a particularly shocking example of how already vulnerable people are treated in a system geared to making money, writes Michael McDonald.

Speculation and a privatised system of building inspection are the common elements in the evacuation of the Sydney apartment towers and the fires casued by flammable cladding, writes Sue Bolton.

When billionaires advocate for social change, or adopt green issues, they are not doing so for the public good, but to reinforce an unequal status quo, writes Rupen Savoulian.

Martin Empson takes a look at a compelling first-hand study that shows that fishing is a deadly occupation because capitalism forces workers to take terrible risks to survive. 

The Christchurch massacre has prompted many to reflect on the times we live in.

After Commissioner Kenneth Hayne released the banking royal commission’s interim report in September, many of the headlines and takeaway quotes focused on its claim that banks “put profits before people”.

 “Why did it happen?” the report asked. “Too often the answer seems to be greed — the pursuit of short term profit at the expense of basic standards of honesty. How else is charging continuing advice fees to the dead to be explained?...

Brazil is going through a profound political crisis, probably more serious than the military coup in 1964 that ushered in 25 years of authoritarian rule, writes Sue Bradford.

After his election as president in October, the neo-fascist Jair Bolsonaro began selecting his ministers. His most important decision — and one that will probably change the destiny of Brazil for many decades — was to choose Paulo Guedes, an advocate of extreme free-market economics, as a super-minister, responsible for a hugely-expanded finance ministry.

Humans experience the brutality of capitalism in wars, harsh working conditions and widespread poverty caused by a class-based society. Every minute a child dies a preventable death.

Capitalism has also been waging a war on animals.

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