Tag: Is Capitalism in Crisis?

NOVANEWS By C.J. Polychroniou, Truthout | Interview Capitalism has always been a highly irrational socioeconomic system, but the constant drive for accumulation has especially run amok in the age of high finance, privatization and globalization. (Image: Pixabay; Edited: JR / TO) Having survived the financial meltdown of 2008, corporate capitalism and the financial masters of the universe have made a triumphant return to their "business as usual" approach: They are now savoring a new era of wealth, even as the rest of the population continues to struggle with income stagnation, job insecurity and unemployment. This travesty was made possible in large part by the massive US government bailout plan that essentially rescued major banks and financial institutions from bankrup...