Articles on Capitalism

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The socialist traffic symbol Ampelmann, seen here in Berlin, constitutes an international brand empire. In the age of mass consumerism, what’s behind a nostalgia for socialist symbols and the sugarcoating of socialist regimes? (Shutterstock)

The nostalgia for socialism in the age of consumerism

In the age of rampant consumerism, there is nonetheless an odd nostalgia for socialist regimes and symbols. What does it mean?
Lithuania’s soldiers are seen during a celebration of Lithuanian Independence Day in Vilnius, Lithuania, on March 11, 2018. The country was marking the 28th anniversary of its declaration of independence from the Soviet Union. (AP Photo/Mindaugas Kulbis)

What I learned about Eastern European democracy from Lithuania’s youth

A stint teaching university students in Lithuania leaves a longtime economics professor optimistic about the future of Eastern Europe as it continues its transition to a free-market economy.
Karl Marx Monument in Chemnitz, in eastern Germany. AP Photo/Jens Meyer

Should we celebrate Karl Marx on his 200th birthday?

A scholar of literary radicalism asks whether Marx's writings are at all relevant to the world's struggles with inequality today and why he's no longer being relegated to the dustbin of history.
Blazing remnants of the off shore oil rig Deepwater Horizon, off Louisiana, in 2010. The losses produced by polluting companies should cost as ‘negative’ for a country’s growth. Reuters/US Coast Guard/Files

Why capitalism wins. And how a simple accounting move can defeat it

A new accounting system that goes beyond the capitalist understanding of value is bubbling under and could topple capitalism itself.

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