Posted inBusinessGeneral

Why American market capitalism is broken

No. of comments: 6

Yes, you’ve read correctly. You may not know who Rana Foroohar is, so let me inform you that she is a highly respected business and economic journalist working for TIME magazine, who has just published a book called Makers and Takers, published in May (Crown publishers), in which she makes this (to some startling) announcement. […]

Posted inEqualityNews/Politics

Bravo students: ‘The doors of learning and culture shall be opened’

No. of comments: 10

The ongoing student protests across the country confirm, unambiguously, the failure of the neoliberal system in South Africa, which requires a hefty increase in student fees every year, given the fact that universities are now part of the invidious neoliberal economic system, instead of being state-funded public institutions. And don’t tell me that it is […]

Posted inBusinessGeneral

The microfinance delusion: who really wins?

No. of comments: 4

I’m always amazed at how many students show up each year in the classrooms of the London School of Economics, where I teach, quivering with excitement about microfinance and other “bottom-of-the-pyramid” development strategies. Like eager young missionaries, they feel they’ve stumbled upon the One Idea that is sure to save the world. Would that it […]

Posted inBusiness

Greece: What you think you know may hurt you

No. of comments: 8

“Nescience”. What a lovely word. It means not knowing. Looking at reactions to the Greek crisis, outside Greece, before and after a somewhat puzzling referendum makes me wish more people would accept the state of nescience on some issues. For me, the Greek tragedy presents a fascinating study of how politics and economics are inseparable. […]

Posted inGeneralLifestyle

Are you allergic to debt?

No. of comments: 5

To be allergic to debt is an inconvenient and annoying affliction. It’s worse than being lactose intolerant or breaking out in hives when you accidentally ingest a strawberry. I do have a credit card, and a cellphone contract, but other than that, I don’t borrow money. I’ve just developed a credit education campaign for a […]

Posted inBusinessEquality

The age of the indebted, mediatised, securitised and depoliticised

No. of comments: 16

In Michael Hardt and Antonio Negri’s latest book Declaration (Argo Navis, 2012) — although, probably given its brevity (just over a hundred pages) compared to the books comprising their trilogy (Empire, Multitude and Commonwealth), they refer to it as a “pamphlet” — they articulate the global crisis of the present era in terms of four […]