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You could say capitalism puts power in the worst hands, but that misses the point. It's not that the ones rewarded by the economy tend to be the worst people, but that--however selfish or generous they are--their positions are contingent on certain kinds of behavior. The moment an executive deprior…

Work doesn't simply create wealth where there was only poverty before. On the contrary, so long as it enriches some at others' expense, work creates poverty, too, in direct proportion to profit.

Poverty is not an objective condition, but a relationship produced by unequal distribution of resou…

Like every attempt to construct a scale model of the world, this one is bound to be partial in both senses of the word. To present the whole story, it would have to be as vast as history. There's no way to be unbiased, either: our positions and values inevitably influence what we include and what w…

Capitalism foments divisions between people to facilitate the concentration of wealth, but it can also permit individuals economic mobility in ways that protect its intrinsic inequalities.

The International Monetary Fund and World Bank can force "structural adjustment programs" on so-called developing nations in return for loans precisely because these countries have been exploited for so long.