America is dying: Big Pharma, with no end in sight

When a diabetic walks into a drugstore, they could pay about $9 to fill their prescription for insulin. Then, American taxpayers could front the rest of the bill, which amounts to around $280. This scenario reveals a little-known fact: When drug prices skyrocket (for no other reason than capitalistic gain), it affects everyone. Diabetic ketoacidosis kills. […]

Anita’s Angle: Where is the competition?

Competition is the driving force behind capitalism, the engine that fuels innovation and provides incentive for growth. Adam Smith’s famous concept of the “invisible hand” is supposed to lead to effective allocation of resources through competition and ultimately result in the best outcome for consumers. American values have always been abstractly pro-competition, but our institutional […]

Anita’s Angle: Hold capitalism accountable

Emmanuel Faber is the CEO of a multinational corporation with clients in 130 countries and annual revenues of $28 billion as of last year. He also believes that a “revolution” is near and that we are getting close to the end of capitalism as we know it. Upon first glance, Mr. Faber might seem foolish for […]

‘Museum of Capitalism’ gives reactionary, multi-faceted response to U.S. economics

The traveling “Museum of Capitalism” exhibit currently on display at the Tufts School of the Museum of Fine Arts (SMFA) describes itself as “an institution dedicated to educating present and future generations about the history, philosophy, and legacy of capitalism through exhibitions, research, and publication.” In reality, it is a thorough and biting critique of capitalism through […]

Jumbo Exchange: Capitalism around me

As of today, I count 228 days of staying in the States. Although that seems like a relatively short period of time to judge, I’m starting to understand and feel attached to many aspects of the country. Of them, I’d like to discuss capitalism in the States. When you think of capitalism, the American dream, Wall […]

Red Star: Fascism’s echoes

Despite the political abuse of the term, fascism is defined by the actions of regimes in Italy, Germany and many Cold War US allies. In every case, fascists either seized control or won elections with corporate backing during times of crisis, often ousting a left-wing government, frequently with American support. They smashed unions and slaughtered communists […]

Op-Ed: In defense of critical economics

In “Saving Capitalism: For the Many, Not the Few” (2015) Robert Reich writes that the concept of a “‘free market’ separate and distinct from government has functioned as a useful cover for those who do not want the market mechanism fully exposed … the mythology is useful precisely because it hides their power.” A September 2017 […]

Murphy’s Law: At Tufts, capitalism is intellectual diversity

In response to a recent call to move “beyond capitalism” in the economics department at Tufts, I think it is important to remind ourselves that any academic department’s mission is to teach students to apply the tenets of its field to complex problems and their future careers, not to obsess over fighting Donald Trump. Before […]

Jobs for whom?

This summer, I wrote an article for a small newspaper about natural gas extraction and production in Chautauqua County, N.Y., interviewing at least half a dozen people from local industries, governments and activist organizations. Natural gas is an influential yet contentious industry in this rural, economically depressed area. Though high-volume hydraulic fracturing (fracking) has been […]

The politics of public spaces

“In great cities, spaces as well as places are designed and built: walking, witnessing, being in public, are as much part of the design and purpose as is being inside to eat, sleep, make shoes or love or music. The word citizen has to do with cities, and the ideal city is organized around citizenship […]