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Capitalism

What happened to the Buy Nothing Project?

by Kai Ryssdal and Richard Cunningham
May 16, 2023
What started on Facebook evolved into a dysfunctional app and a fractured community, as chronicled by Wired contributor Vauhini Vara.
A screenshot of the Buy Nothing Facebook page. Though the group got its start on the social media site, an effort to raise funds for an app was met with backlash from community members.
Facebook
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Banks in Turmoil

Here's why the U.S. has so many banks

by Kristin Schwab
May 5, 2023
Deregulation has allowed lenders to operate across state lines, making it easier for banks to merge when they’re in trouble.
"Banking in this country is way more restrictive than in any other of the industrialized countries," says Richard Grossman, an economics professor. 
David McNew/Getty Images
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How private equity creates a "circle of pain" in the US economy

by Kai Ryssdal and Sarah Leeson
Apr 27, 2023
Private equity "is a major driver of the enormous gulf between rich and poor in this country," says author Gretchen Morgenson.
The private equity firm Blackstone Group, led by Stephen A. Schwarzman (center) is among the top buyers in leveraged buyouts over the last several decades.
Brendan Smialowski/AFP via Getty Images
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Shelf Life

Capitalism's response to school shootings

by John Woodrow Cox
Apr 5, 2021
In his new book, "Children Under Fire," John Woodrow Cox writes about how gun violence affects children and the nearly $3 billion market for school security.
Kindergarten students during a lockdown drill in Hawaii in 2003.
Phil Mislinski/Getty Images
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EEC: Documentary Studies

Why rich people tend to think they deserve their money

by David Brancaccio and Rose Conlon
Jan 19, 2021
A psychology experiment using a rigged Monopoly game reveals how inequality replicates itself.
A psychology experiment using a rigged Monopoly game reveals how inequality replicates itself.
Alex Wong/Getty Images
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Reimagining the Economy

Kat Cole's vision for a kinder capitalism

by David Brancaccio , Rose Conlon and Candace Manriquez Wrenn
Aug 10, 2020
The president and COO of Focus Brands says "caring for connected stakeholders — employees, customers, vendors" is where our economic system is going.
Kat Cole, president and COO of Focus Brands, supports stakeholders, not just shareholders.
Paul Morigi/Getty Images
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Reimagining the Economy

Ray Dalio says we need to reform capitalism to make it work for everyone

by David Brancaccio and Daniel Shin
May 29, 2020
"Isn't our objective to work together peacefully and achieve greatness together in a broad way?" Dalio asks.
Dalio says the combination of debt, a large wealth gap and an economic downturn create instability that history has shown leads to extreme conflict.
Kimberly White/Getty Images for TechCrunch
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We should treat inequality as injustice, says Ford Foundation President Darren Walker

by Rose Conlon and David Brancaccio
Dec 20, 2019
"We're getting a distorted capitalism that does not produce shared prosperity," says Walker.
"We're getting a sort of distorted capitalism that does not produce shared prosperity," said Walker.
Kris Connor/Getty Images
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Why economist Joseph Stiglitz is advocating for "progressive capitalism"

by Sasa Woodruff and David Brancaccio
May 30, 2019
Stiglitz discusses the themes and recommendations contained in his latest book: People, Power, and Profits: Progressive Capitalism for an Age of Discontent.
Nobel prize-winning US economist Joseph Stiglitz listens during the opening session of the 6th edition of the "Entretiens du Tresor" seminar at the Economy Ministry in Paris on January 31, 2017.
ERIC PIERMONT/AFP/Getty Images
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Where Elizabeth Warren stands on economic issues

by Janet Nguyen
Dec 31, 2018
"America's middle class is under attack," the Massachusetts senator says in Monday's presidential announcement.
Sen. Elizabeth Warren (D-MA) addresses the media outside of her home in Cambridge, Massachusetts, after announcing she formed an exploratory committee for a 2020 presidential run on Monday.
Scott Eisen/Getty Images
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