Capitalism

/Tag: Capitalism

If We Care About Inequality, We Must Confront Capital

The top of society extracts nearly $5 trillion every year without working for it. The United States is an enormously wealthy country. In 2015, total household wealth stood at $71.3 trillion.  This is equal to $220,000 per person, or $880,000 for every family of four, if the wealth was distributed evenly throughout society. The owners of

Conscious consumerism is a lie. Here is what you can really do to save the environment

As a sustainable lifestyle blogger, my job is to make conscious consumerism look good. Over the course of four years Instagramming eco-friendly outfits, testing non-toxic nail polish brands, and writing sustainable city guides, I became a proponent of having it all—fashion, fun, travel, beauty—while still being eco-friendly. So when I was invited to speak on

Capitalism Will Shrink Inequality. In Fact, It’s Happening.

Does capitalist economic growth lead to greater inequality, or less? The mid-20th-century economist Simon Kuznets believed that at first, industrialization would lead to greater inequality as a few pioneering entrepreneurs and workers moved to the cities where the growth was happening. But as rural areas emptied out and the economy matured, he said, inequality would