—Hélène Barthélemy focuses on the criminal justice system, activism and culture.
“The Rebirth of Stockholder Capitalism?” by Robert Reich. Guernica, August 8, 2014.
In this article, Robert Reich offers useful terms to understand the paradox of our financialized economy: shareholders have been reaping the profits of most companies at the expense of other stakeholders, a larger category that encompasses employees and customers. Some companies are trying to circumvent this, such as the supermarket brand Market Basket, which reinvests its profits into providing higher wages for employees and lower prices for customers—as opposed to funneling money to shareholders. Inevitably, soon enough the company's board fired the CEO who started the initiative, to great public outrage. The control of companies by shareholders is absolute but benefits no one but shareholders themselves. Because of this, Reich advocates for a stakeholder capitalism, with companies taking into account their customers' constrained salaries and their employees’ basic necessities (and more cynically, purchasing power) in their decision making. These are the most basic measures we could ask for in a strained economy. But I wonder whether shareholders' unchecked power on industry is inherent to capitalism itself, insofar as there are shareholders with the leverage to drive companies according to their own interest. We need deeper, structural reform.
—Summer Concepcion focuses on race, gender and criminal justice.
"What Is a Woman?" by Michelle Goldberg. The New Yorker, August 4, 2014.
Nation writer Michelle Goldberg's piece on the divide between radical feminism and transgender identity adds another dimension to the influx of attention trans rights has received recently (e.g. trans* actress Laverne Cox appearing on Time magazine's cover last June). The complexities behind this particular issue within the trans rights realm has led Goldberg's piece to already face backlash for being one-sided, especially from the viewpoint of the trans community. It goes to show that the process of grasping the politics behind gender is only just beginning despite trans individuals having been in the public eye for years.