9 Matching Annotations
  1. Oct 2023
    1. strikes and riots
    2. social structure was complicated.
    3. book printing, and popular works of entertainment were becoming more widespread.
    4. Golden Lotus, one of China's greatest novels, explores themes of greed and selfishness within elite family life

      self-awareness about capitalism and wealth suggests that it was a long-standing part of Chinese society

    5. vibrant cultural scene
  2. Aug 2023
    1. I’m going to start with the U.S.; technology in the U.S. is caught up in American late-stage (or financialized) capitalism where profitability isn’t the goal; perpetual return on investment is. Given this, the tools that we’re seeing developed by corporations reinforce capitalist agendas.
      • for: corporate power, technology - capitalism, capitalism - exploitation, Danah Boyd, progress trap
      • paraphrase
      • quote
        • technology in the U.S. is caught up in American late-stage (or financialized) capitalism
          • where profitability isn’t the goal;
          • perpetual return on investment is.
        • Given this, the tools that we’re seeing developed by corporations
        • reinforce capitalist agendas.
        • Innovation will require pushing past this capitalist infrastructure to achieve the social benefits and civic innovation that will work in the United States.
        • China is a whole other ball of wax.
        • If you want to go there, follow up with me. But pay attention to Taobao centers.
        • We haven’t hit peak awful yet.
        • I have every confidence that social and civic innovation can be beneficial in the long run
          • with a caveat that I think that climate change dynamics might ruin all of that
        • but no matter what, I don’t think we’re going to see significant positive change by 2030.
        • I think things are going to get much worse before they start to get better.
        • I should also note that I don’t think that many players have taken responsibility for what’s unfolding. -Yes, tech companies are starting to see that things might be a problem,
          • but that’s only on the surface. -News media does not at all acknowledge its role in amplifying discord,
          • or its financialized dynamics.
        • The major financiers of this economy don’t take any responsibility for what’s unfolding. Etc.
      • author: Dana Boyd
        • principal researcher, Microsoft Research
        • founder, Data & Society
  3. Nov 2022
    1. Samuel Bowles and Herbert Gintis intheir classic Schooling in Capitalist America

      Bowles and Gintis apparently make an argument in Schooling in Capitalist America that changes in education in the late 1800s/early 1900s served the ends of capitalists rather than the people.

  4. Feb 2022
    1. at the very outset a sense of how the elements or “moments” (as Marx prefers to call them) of the capitalist economic system, such as production, labour, wages, profit, consumption, exchange, realization and distribution

      At the onset, if possible - - it would be preferable to have a clear understanding of what and how Marx would define the following three terms: 1. What is capital? 2. What is capitalism? 3. What is a capitalist economic system?

      The list of eight (8) elements or "moments" combined with the phrase "totality of what capital is all about". appears to be somewhat confusing. Did you mean to say what "capitalism is all about"? Or, does "capital" consists of a list of "things" as well as (at least one) process?

      And, are these 8 items all part of one single process - - called "capital" which is then transformed into different elements or "moments" as it circulates? Or, are there 8 separate interrelated processes?

  5. Feb 2021
    1. 21st Century Economics (USA)

      Economic Theory of a Market Economy, Characteristics, Pros, and Cons

      Americans and the World believe or want to believe that the United States is built upon a Market Economy.

      Historical context validates a classic Market Economy theory as directed by our Founding Fathers and Constitution. We clearly do not have a pure Market Economy today (2021).

      • To Big to Fail - (Bailouts)
      • Farm Subsidies
      • Political Influence (money, lobbying, tenure)
      • Government Agencies
      • Military/Industrial Complex
      • Federal Reserve (Central Banking)
      • Social Security
      • Medicare
      • Other

      Most Americans lump (through education) the concept of economics and government together, into 3 basic categories; Capitalism, Socialism and Communism.

      The U.S. is a Capitalist Nation with a corresponding market economy.

      Is this statement Fact or Hypothesis ?

      Can we still rely on textbook economic models in the 21st Century?