capitalism

Wall Street Fat Cats Finally Back on Track

Hamilton Nolan · 10/14/09 03:00PM

The Way We Live Now: Tip-top! "Wall Street on Track to Award Record Pay." Meanwhile, we're cutting the pay of non-Wall Streeters in half, and lowering the minimum wage. The rational market at work!

Click This Post One Million Times to Save a Baby Seal!

Hamilton Nolan · 10/09/09 11:18AM

Sometimes you just want to grab The American Consumer about the shoulders, and shake him, and yell: "Hey, stop being such a sucker!" Because...OMG a fuzzy wuzzy baby seal! I must buy so much Dawn® brand product, or he dies.

Flu Prevention Now in Multimedia Form!

Andrew Belonsky · 09/03/09 01:00AM

Back in 1918, when a flu epidemic brought America to its knees, there weren't many innovations in the way of germ-fighting tactics. Well, this is the 21st century, which means there are plenty of new, inventive ways to encourage prevention.

Recession Forcing Dubai to Treat Rich Foreigners Like Poor Locals

Pareene · 08/10/09 10:06AM

American Entrepreneur, have you heard of Dubai? It is a capitalist paradise! A veritable Galt's Gulch of the Gulf. A playground for the wealthy built on cheap foreign labor, oil, tourism, and real estate speculation? What could go wrong!

This Year's Buy Nothing Day Will Be Most Popular Ever!

Hamilton Nolan · 11/28/08 10:06AM

Are you ready to sit at home eating leftovers and viewing the internet? The Friday after Thanksgiving is Buy Nothing Day! It's the day when lefties around the world celebrate being broke by abstaining from capitalism for a day and feeling superior, while the rich run wild on pre-Christmas sales. It's a nice thought and many of you would probably theoretically support it, but, you know... sales. This year, however, the anarchist types have an extra incentive: nobody has any money to spend anyhow!

Food Cart Guy Does His Part To Save Lehman Brothers

Moe · 09/12/08 04:19PM

Yesterday's Wall Street Journal featured a story about Lehman Brothers wherein the paper sent a reporter out to eavesdrop around the bank's headquarters. "It's over, man...unless we get bought out in the next 24 hours, it's over," they quoted a "young man" as saying to someone on his cell phone. Then over by a "fast food cart" the reporter quoted one of three men wearing Lehman badges discussing the future of all capitalism in the event that the government decides to stop printing money to rescue banks whose stocks have been mercilessly pointlessly attacked by all those greedy/fearful predatory/lemminglike enemies of capitalism known as "capitalists," asking: "At some point, where does it stop?" Well here's where it stops, bro: your egg and cheese. They don't serve them with a "side of digital recorder" around here anymore.The food cart guy knows that whispers like the ones he hears outside are self-fulfilling prophecies in an irrational era like the modern ones, so he's shutting off the coffee spigot to reporters descending on the area to cover the Lehman crisis! You gotta wonder why he cares though. I mean, sure the impending layoffs at Lehman will have some "trickle-down" effect. But in lean times won't a larger percentage of bankers be eating from the food cart in lieu of whatever fancy hotels they've been patronizing on the company dime? Ha ha ha, or maybe that's just how I wish "lean times" worked at publicly traded companies. In any case I have another theory: the food cart guy is trying to buy Lehman Brothers. Sure 24,000 employees is a little ambitious, but Lehman stock is off 93% and at least you can read the food cart's balance sheet. Or maybe the food cart guy is just a decent guy. Photo Of The Day [Portfolio] Credit Crisis Strains Government's Options [WSJ]

Execs Jam While Time Inc. Burns

Hamilton Nolan · 06/23/08 12:44PM

Media companies are all facing a fundamental quandary: They have to throw lavish, expensive events to impress advertisers, even as they slash editorial budgets in ways that upset longtime employees. Well, it's only a problem if the corporate suits are worried about perception issues, which they may not be. But you have to admit that it does look bad when People editor Peter Castro (pictured, at left) and other execs are partying it up in the Bahamas "getting a massage, being given a wii fit, jamming with some old dudes, being on vacation" at a fancy sales meeting while the company faces a hiring freeze. Hey, that's capitalism! Angry email from an insider, after the jump.

"Our customers wanted more flip-flop luxury"

Hamilton Nolan · 05/05/08 12:17PM

See these flip-flops? They're not just any flip-flops. They're high fashion, "Married to the Mob" flip-flops, and they cost $42. Can you spot the reason why this is stupid? That's right: you pay ten times what you would pay for a plain pair of flip-flops, in order to have a brand name which is covered by your foot when you are wearing them. I imagine fashion snobs must just hang these flip-flops jauntily over their shoulder instead of slipping them on their feet, so that the logo can shine freely. In fact, the entire idea of paying extra for name-brand flip-flops is a bit ridiculous. But the price tag can get much, much worse than $42. Allow us introduce you to PechePlatinum—the "World's Most Expensive Flip-Flops."

Back When America Was Goofier

Hamilton Nolan · 05/02/08 02:53PM

Pop culture is always a step behind the real cutting-edge culture that defines what's cool in the current zeitgeist. And mass media advertising, with its drive for universal appeal, is generally made from an even weaker brew than pop culture. What that means for us is that these ads from the 1950s and 60s—which lack not only today's sense of political correctness, but also their own era's sense of cool—are an entertaining lens through which to view the age of beatniks and free love. Groove your way to the hippie party with a 1969 stereo in your new General Motors automobile! Six classic examples [via Flickr/ Coudal], after the jump.

Craven Fashion Mag Eds' Crazed Beggings For Flashy Crap!

Choire · 12/19/07 01:20PM

The blogfest that is T magazine's website has taken a turn for the greedy, as the staff has begun posting "holiday wish lists" that might as well be coded solicitations for publicists! "Fashion magazine editors may have it worse than the general population. Every day we find ourselves surrounded by beautiful objects," say the supposedly tongue-in-cheek bloggers, before going on to solicit Brunello Cucinelli wool flannel travel jackets and the harlequin dress from Miu Miu's Spring/Summer collection. ATTENTION PUBLICISTS: I WOULD LIKE A NEW PAIR OF SHOES, BECAUSE THESE HAVE HOLES, FOR SERIOUS. SEND THEM TO 76 CROSBY STREET, NY NY 10012 BEFORE MY LAST DAY, 12/31. KTHXBAI!