Few are aware that OpenAI was originally built as a non-profit, aiming to openly collaborate with others in the development of AI. Peter Bloom is Professor of Management at the University of Essex. Cross-posted from […]
In the US, mortgage applications are now down 50% and at the lowest levels since 1994. Credit card defaults rates are higher than in 2008. Is the debt bubble about to burst? Read the article […]
Has the left given up on usurping capitalism? In ‘Unherd’. Read the article HERE.
The BRICS are challenging US hegemony over the global economy, but they are not challenging capitalism. Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, and a visiting professor in […]
Durand writes in Sidecar about the meaning of the latest crisis of global finance. Read the article HERE.
Letting big banks go to the wall is not on the agenda of states today, but saving them prevents the ‘creative destruction’ capitalism needs to renew itself. Michael Roberts is an Economist in the City of […]
In Part 2 of Michael Roberts’ look at the Eastern Economics Association conference, he examines papers on long wave theory, the use of Indian colonial expropriation to restore the rate of profit in the British […]
Gregory Magarshak is joined by two giants of anti-capitalism. Listen HERE.
Varoufakis writes in ‘Project Syndicate’ on European capitalism, which is rich in terrestrial capital but has fallen behind the US and China in “cloud capital”. Read the article HERE.
The global capitalist system is failing society in just about every way imaginable. We have to hope decline is laying the foundations for a great leap forward. Ben Wray is co-ordinator of Brave New Europe’s […]
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