<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd"
	xmlns:media="http://search.yahoo.com/mrss/"
>

<channel>
	<title>World Socialist Party (US) &#187; Capitalism</title>
	<atom:link href="http://wspus.org/category/capitalism/feed/" rel="self" type="application/rss+xml" />
	<link>http://wspus.org</link>
	<description></description>
	<lastBuildDate>Tue, 07 Feb 2012 17:10:31 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=abc</generator>
	<!-- podcast_generator="podPress/8.8" - maintenance_release="8.8.5.3" -->
	<copyright>Copyright &#xA9; World Socialist Party (US) 2010 </copyright>
	<managingEditor>joinwspus@wspus.org (World Socialist Party (US))</managingEditor>
	<webMaster>joinwspus@wspus.org (World Socialist Party (US))</webMaster>
	<category>posts</category>
	<ttl>1440</ttl>
	<image>
		<url>http://farm5.static.flickr.com/4016/4261195043_233c9929ca_o.jpg</url>
		<title>World Socialist Party (US) &#187; Capitalism</title>
		<link>http://wspus.org</link>
		<width>144</width>
		<height>144</height>
	</image>
	<itunes:subtitle></itunes:subtitle>
	<itunes:summary></itunes:summary>
	<itunes:keywords></itunes:keywords>
	<itunes:category text="Society &amp; Culture" />
	<itunes:author>World Socialist Party (US)</itunes:author>
	<itunes:owner>
		<itunes:name>World Socialist Party (US)</itunes:name>
		<itunes:email>joinwspus@wspus.org</itunes:email>
	</itunes:owner>
	<itunes:block>no</itunes:block>
	<itunes:explicit>no</itunes:explicit>
	<itunes:image href="http://farm5.static.flickr.com/4016/4261195043_233c9929ca_o.jpg" />
		<item>
		<title>Manufacturing the News</title>
		<link>http://wspus.org/2011/11/manufacturing-the-news/</link>
		<comments>http://wspus.org/2011/11/manufacturing-the-news/#comments</comments>
		<pubDate>Sat, 26 Nov 2011 01:28:48 +0000</pubDate>
		<dc:creator>ROEL</dc:creator>
				<category><![CDATA[Capitalism]]></category>
		<category><![CDATA[Class]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Theory]]></category>
		<category><![CDATA[World Socialist Perspective]]></category>
		<category><![CDATA[News manufacturing report media organized shapes status quo]]></category>

		<guid isPermaLink="false">http://wspus.org/?p=2299</guid>
		<description><![CDATA[[UPLOADED FOR JOE R. HOPKINS, AUTHOR] Mark Fishman, associate professor of sociology at Brooklyn College, City University of New York, investigated routine news production by examining the work practices of reporters and other news workers. His research findings were published by the University of Texas Press in 1980 in a book entitled Manufacturing the News. At the beginning of his book, Fishman touches on the practical mode of social reproduction by quoting from W. I. Thomas, The Child in America (1928): &#8220;Our picture of how the world works is integrally tied to how we work in the world. By acting in accordance with our conception of the way things are, we concertedly make them the way they are, whether we are treating pieces of paper as money, conducting a routine conversation, or electing a president&#8221; (p. 3). The research setting &#8220;At the time of the study (1973-74), the Purissima Record held a virtual monopoly over news consumption in both the city of Purissima (population 75,000) and its metropolitan environs (population 150,000). The paper&#8217;s daily circulation of 45,000 approximated the number of households in the metropolitan area&#8230; Its news department consisted of 57 full-time reporters, editors, and photographers&#8211;at least four times [...]


No related posts.]]></description>
		<wfw:commentRss>http://wspus.org/2011/11/manufacturing-the-news/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Crisis: the stories so far</title>
		<link>http://wspus.org/2011/06/crisis-the-stories-so-far/</link>
		<comments>http://wspus.org/2011/06/crisis-the-stories-so-far/#comments</comments>
		<pubDate>Sat, 04 Jun 2011 05:14:45 +0000</pubDate>
		<dc:creator>SPGB</dc:creator>
				<category><![CDATA[Books]]></category>
		<category><![CDATA[Capitalism]]></category>
		<category><![CDATA[Crisis]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://wspus.org/?p=2283</guid>
		<description><![CDATA[Business As Usual: The Economic Crisis And The Failure Of Capitalism by Paul Mattick. Reacktion Books: 2011. Just yesterday, we were all supposed to believe that the globalisation of capitalism and free markets was the route to freedom, peace and prosperity for all. Then, with barely an explanation, and somewhat out of the blue, the story changed. Now we are to believe that, due to circumstances beyond anyone’s control, prosperity will have to give way to austerity. The good times are over. It is characteristic of crises that the stories we are expected to believe suddenly change. But how can we understand the change? And might there not be better stories than the rather grim and gloomy one we’ve been ordered to swallow? Paul Mattick Jnr’s short book is just such an alternative. For him the crisis signals the complete bankruptcy and destruction of mainstream economics. Why crisis is impossible Why did the crisis appear as a bolt out of the blue? Why was it not expected or anticipated by any economist or mainstream commentator? In short, because there is no place in the standard economic story for crisis, any more than there’s a place for wizards and interstellar travel [...]


No related posts.]]></description>
		<wfw:commentRss>http://wspus.org/2011/06/crisis-the-stories-so-far/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Life is sweet for the rich</title>
		<link>http://wspus.org/2010/07/life-is-sweet-for-the-rich/</link>
		<comments>http://wspus.org/2010/07/life-is-sweet-for-the-rich/#comments</comments>
		<pubDate>Tue, 20 Jul 2010 20:38:39 +0000</pubDate>
		<dc:creator>Suzy</dc:creator>
				<category><![CDATA[Capitalism]]></category>
		<category><![CDATA[Class]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Work]]></category>

		<guid isPermaLink="false">http://wspus.org/?p=1609</guid>
		<description><![CDATA[From MarketWatch.com Tiffany &#38; Co says sales at its flagship New York store jumped 26% in the first quarter. International luxury goods giant Louis Vuitton Moet Hennessy whose brands range from Fendi to Givenchy to Moet &#38; Chandon Champagne, plus, of course, Vuitton bags says U.S. sales boomed 20% in the first quarter, including a remarkable 58% boost for sales of jewelry and expensive watches like Tag Heuer. the Swiss watch federation says exports of luxury watches (those $2,000 &#8220;timepieces&#8221;) to the U.S. rose 12% in May and are now ahead 9% for the year. Super-luxury goods purveyor Richemont which owns such brands as Cartier, Dunhill, and Van Cleef &#38; Arpels says U.S. sales are up. The Sunseeker Club in New York, America&#8217;s biggest dealership in the multi-million dollar British luxury power boats say business is strong again. Those who have the money to spend, they say, are spending it. The truth is, this is a great time in which to be rich. According to consultants Cap Gemini, the wealthy saw their net worth bounce back sharply last year. And while those with $1 million or more did pretty well, the real story was the boom among the ultra rich: [...]


No related posts.]]></description>
		<wfw:commentRss>http://wspus.org/2010/07/life-is-sweet-for-the-rich/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>They Say: “We Can’t Afford it.”</title>
		<link>http://wspus.org/2010/07/they-say-%e2%80%9cwe-can%e2%80%99t-afford-it-%e2%80%9d/</link>
		<comments>http://wspus.org/2010/07/they-say-%e2%80%9cwe-can%e2%80%99t-afford-it-%e2%80%9d/#comments</comments>
		<pubDate>Mon, 05 Jul 2010 06:30:12 +0000</pubDate>
		<dc:creator>FN Brill</dc:creator>
				<category><![CDATA[Capitalism]]></category>

		<guid isPermaLink="false">http://wspus.org/?p=1574</guid>
		<description><![CDATA[In May 2010, the Coalition government in the UK announced cuts of £6.2 billion in an attempt to begin to reduce the budget deficit of £156 billion for 2009/2010. These cuts will very noticeably affect people’s lives. For example, it was reported that £780 million would be cut on transport, £836 million on communities and local government and £325 million on education. Devolved administrations in Scotland, Wales and Northern Ireland will have to cut back £704 million. Local authorities will be expected to reduce expenditure by £1.165 billion. Many more expenditure reductions were announced in the June emergency budget. It is vital to realise that this economic crisis is just the latest in a series of slumps which are quite natural to the capitalist system. In the past, supporters of this system have quite mistakenly believed that politicians would be able to rid society of the detrimental effects of the trade cycle. Gordon Brown is particularly infamous for his claims to have “abolished boom and bust”. Past slumps have, of course included the Great Depression of the early 1930s, and recessions of the mid 1970s, the early 1980s and 1990s. Reforms = Continuation of Capitalism When confronted with the case [...]


No related posts.]]></description>
		<wfw:commentRss>http://wspus.org/2010/07/they-say-%e2%80%9cwe-can%e2%80%99t-afford-it-%e2%80%9d/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>going to ruin us&#8230;</title>
		<link>http://wspus.org/2010/06/going-to-ruin-us/</link>
		<comments>http://wspus.org/2010/06/going-to-ruin-us/#comments</comments>
		<pubDate>Tue, 08 Jun 2010 06:03:01 +0000</pubDate>
		<dc:creator>FN Brill</dc:creator>
				<category><![CDATA[Capitalism]]></category>

		<guid isPermaLink="false">http://wspus.org/?p=1556</guid>
		<description><![CDATA[Amusing video from the Australian National Miners Union&#8230; No related posts.


No related posts.]]></description>
		<wfw:commentRss>http://wspus.org/2010/06/going-to-ruin-us/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Capitalist money madness</title>
		<link>http://wspus.org/2010/05/capitalist-money-madness/</link>
		<comments>http://wspus.org/2010/05/capitalist-money-madness/#comments</comments>
		<pubDate>Mon, 10 May 2010 04:48:09 +0000</pubDate>
		<dc:creator>SPGB</dc:creator>
				<category><![CDATA[Capitalism]]></category>

		<guid isPermaLink="false">http://wspus.org/?p=1540</guid>
		<description><![CDATA[Read any newspaper, listen to any radio bulletin, watch any TV news broadcast, and there will be some instance of Capitalist Money Madness – detrimental, shocking or unbelievable thinking and behaviour influenced by money. Trains have been derailed because saving money came before rigorous track maintenance; cows have been ground up and fed to other cows in pursuit of greater profits; companies have been allowed to patent thousands of our own genes in a commodification of humankind’s DNA; there has been widespread use of toxic chemicals in fuel, household furnishings, deodorants, plastics used for food storage etc resulting in an increase in previously rare cancers and an asthma epidemic in children; and more recently, global capitalism has descended into economic chaos which will cause additional untold misery for decades to come. Along with such ‘big’ news stories, there is a never-ending news stream of robberies, burglaries, murders, muggings, scams and scandals involving money in some way or other. Nothing new, of course. Money has been causing misery and deaths ever since its introduction thousands of years ago. Some time around 30 A.D. a Mr J. Iscariot betrayed a subversive called Jeshua of Nazareth for thirty pieces of silver, whereas more [...]


No related posts.]]></description>
		<wfw:commentRss>http://wspus.org/2010/05/capitalist-money-madness/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Socialist Guide to Marx&#8217;s Capital (4. Mystery of Money)</title>
		<link>http://wspus.org/2010/03/socialist-guide-to-marxs-capital-4-mystery-of-money/</link>
		<comments>http://wspus.org/2010/03/socialist-guide-to-marxs-capital-4-mystery-of-money/#comments</comments>
		<pubDate>Thu, 25 Mar 2010 01:13:51 +0000</pubDate>
		<dc:creator>MS</dc:creator>
				<category><![CDATA[Capitalism]]></category>
		<category><![CDATA[Economics]]></category>

		<guid isPermaLink="false">http://wspus.org/?p=1471</guid>
		<description><![CDATA[A “world without money” describes one essential aspect of socialism. But to get a clearer idea of how society can function without money we need a better understanding of money and why it must exist under capitalism. It might seem odd to suggest that people don’t really understand money all that well, for it is hard to get through a single day without thinking about money in some way or another. Yet for all the thought given to money, or how to get more of that magical substance, most people pretty much take its existence for granted, which is why the idea of a world without money seems ludicrous. Most economics textbooks more or less try to define money by listing up a number of its functions, as reflected also on the Wikipedia page for money: “Money is anything that is generally accepted as payment for goods and services and repayment of debts.  The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value, and occasionally, a standard of deferred payment.&#8221; This is certainly true enough, and Marx also discusses the various functions of money in Chapter 3 of Capital, but listing [...]


No related posts.]]></description>
		<wfw:commentRss>http://wspus.org/2010/03/socialist-guide-to-marxs-capital-4-mystery-of-money/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Socialist Guide to Marx’s Capital (3. Labor Theory of Value)</title>
		<link>http://wspus.org/2010/02/socialist-guide-to-marx%e2%80%99s-capital-labor-theory-of-value/</link>
		<comments>http://wspus.org/2010/02/socialist-guide-to-marx%e2%80%99s-capital-labor-theory-of-value/#comments</comments>
		<pubDate>Tue, 23 Feb 2010 03:33:56 +0000</pubDate>
		<dc:creator>MS</dc:creator>
				<category><![CDATA[Capitalism]]></category>

		<guid isPermaLink="false">http://wspus.org/?p=1404</guid>
		<description><![CDATA[We have seen, then, that capitalism is no different from any other form of society insofar as wealth must be produced through the productive activities of human beings. This goes without saying, for without such wealth production no society (or the people living in it) could continue to exist for very long. The key difference in the case of capitalism, though, is that this indispensable wealth takes the form of commodities, which simply means that the things produced are exchanged on the market. People today are so accustomed to this capitalist world, where everything has a price, that the word “commodity” itself has become more or less synonymous with “product,” but Marx draws an important distinction between the two terms and the reader of Capital needs to be aware of that specific usage. A commodity, as a product produced for exchange, thus has two aspects. On the one hand, it is a thing that satisfies some human want or another, while on the other hand, it is a thing with a certain value or worth on the market. In other words, the commodity is a unity of “use-value” and “exchange-value,” as Marx puts it (borrowing the same basic terminology used [...]


No related posts.]]></description>
		<wfw:commentRss>http://wspus.org/2010/02/socialist-guide-to-marx%e2%80%99s-capital-labor-theory-of-value/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Capitalism Must Go</title>
		<link>http://wspus.org/2010/02/capitalism-must-go-2/</link>
		<comments>http://wspus.org/2010/02/capitalism-must-go-2/#comments</comments>
		<pubDate>Mon, 15 Feb 2010 20:40:51 +0000</pubDate>
		<dc:creator>SPGB</dc:creator>
				<category><![CDATA[Capitalism]]></category>
		<category><![CDATA[SPGB]]></category>
		<category><![CDATA[Socialism]]></category>

		<guid isPermaLink="false">http://wspus.org/?p=1291</guid>
		<description><![CDATA[(SPGB election manifesto) These elections are taking place in the middle of the biggest economic and financial crisis since the 1930s. In a world that has the potential to produce enough food, clothes, housing and the other amenities of life for all, factories are closing down, workers are being laid off, unemployment is growing, houses are being repossessed and people are having to tighten their belts. And for once the main parties are being honest in offering more of the same, competing with each other as to which of them is going to impose the most “savage cuts”. Capitalism in relatively &#8220;good&#8221; times is bad enough, but capitalism in an economic crisis makes it plain for all to see that it is not a system geared to meeting people&#8217;s needs. It’s a system based on the pursuit of profits, where the harsh economic law of &#8220;no profit, no production&#8221; prevails. The headlong pursuit of profits has led to a situation where the owners can&#8217;t make profits at the same rate as before. The class who own and control the places where wealth is produced have gone on strike – refusing to allow these workplaces to be used to produce what [...]


No related posts.]]></description>
		<wfw:commentRss>http://wspus.org/2010/02/capitalism-must-go-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>1 in 4 Americans is employed to keep fellow citizens in line</title>
		<link>http://wspus.org/2010/02/1-in-4-americans-is-employed-to-keep-fellow-citizens-in-line/</link>
		<comments>http://wspus.org/2010/02/1-in-4-americans-is-employed-to-keep-fellow-citizens-in-line/#comments</comments>
		<pubDate>Sat, 13 Feb 2010 08:19:24 +0000</pubDate>
		<dc:creator>FN Brill</dc:creator>
				<category><![CDATA[Capitalism]]></category>
		<category><![CDATA[Class]]></category>

		<guid isPermaLink="false">http://wspus.org/?p=1280</guid>
		<description><![CDATA[An interesting article in the Santa Fe Reader. From a liberal &#8220;radical&#8221;  on the consequences of income disparity&#8230; Bowles offers a key reason why this is so. “Inequality breeds conflict, and conflict breeds wasted resources,” he says. In short, in a very unequal society, the people at the top have to spend a lot of time and energy keeping the lower classes obedient and productive. Inequality leads to an excess of what Bowles calls “guard labor.” In a 2007 paper on the subject, he and co-author Arjun Jayadev, an assistant professor at the University of Massachusetts, make an astonishing claim: Roughly 1 in 4 Americans is employed to keep fellow citizens in line and protect private wealth from would-be Robin Hoods. No related posts.


No related posts.]]></description>
		<wfw:commentRss>http://wspus.org/2010/02/1-in-4-americans-is-employed-to-keep-fellow-citizens-in-line/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

