The insanity of capitalism, as demonstrated by Amazon

Here is a headline from today:

“A Worrying Number of Amazon’s Warehouse Workers Are Reportedly Living Off Food Stamps”

Who in their right mind looks at what Amazon is doing under the standard rules of capitalism in the United States and says, “We like this”? Quotes from the article…

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Capitalism: an economic system, which billions of people depend on for survival, and every few years it implodes

Bill Gates has this exciting and delightful message about capitalism that he is spreading throughout the Internet today:

Read moreCapitalism: an economic system, which billions of people depend on for survival, and every few years it implodes

Why American Workers Are Not Getting a Raise

This is an important article because it shows many of the problems with the concentration of wealth that naturally occurs in capitalism: Why American Workers Aren’t Getting A Raise: An Economic Detective Story The funny thing about the whole article is that it only needs to be 2 paragraphs long. Here are his first two … Read more Why American Workers Are Not Getting a Raise

Inflation demonstrates two glaring problems with capitalism

Inflation is up, which is not news in capitalism – inflation is the status quo, something that happens nearly every day. But in January inflation was up much more than expected, and this demonstrates two glaring problems…

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U.S. consumer protection official puts Equifax probe on ice

U.S. consumer protection official puts Equifax probe on ice This seems straightforward: Equifax said in September that hackers stole personal data it had collected on some 143 million Americans. Richard Cordray, then the CFPB director, authorized an investigation that month, said former officials familiar with the probe. Obviously, with nearly half of the United States … Read more U.S. consumer protection official puts Equifax probe on ice