Massachusetts Daily Collegian

International Socialist Organization targets ecological destruction through systemic change

By Christopher McDonald

October 9, 2014

The International Socialist Organization of Amherst held a meeting last week at the University of Massachusetts to discuss capitalism and its effect on the environment. The meeting, which involved a speech by Washington-based activis...

Five faults of capitalism: market failure

By Makai McClintock

February 25, 2013

As an economic system, capitalism is prone to market failure due to the inefficiency of the market to allocate certain goods and resources. Invariably, the freedom of individuals and firms to use any means to pursue their own ...

The divine right of markets

By Mike Tudoreanu

February 20, 2013

There was a time when absolute monarchies ruled the world, and many learned men praised the supposed blessings that kings bestowed upon their subjects, by giving them clear orders to follow and removing the need for democracy with its complicated, messy, inefficient debates. Then the wor...

Five faults of capitalism: The unequal distribution of wealth

By Makai McClintock

February 11, 2013

The idea that income inequality is an economic byproduct of capitalism is far from a contemporary realization; it has been studied since the beginning of the 20th century in great detail. This inequality has, until recently, been widely accepted by economists as a “necessary evil...