• News

    Economist talks labor and capitalism at QC

    In the 1950s, Jose Maria Arizmendiarrieta, a Catholic priest living in Mondragon, Spain, felt frustrated traditional businesses did not come to provide jobs for workers. In response, he recruited five workers to create a worker cooperative, or a business run only by workers. Sixty years later, the business, now called the Mondragon Corporation, employs over 70,000 employers and includes over 250 companies. It makes millions of dollars each year—and is still led by workers. This story was shared by Richard Wolff, an economist, who spoke about capitalism and alternatives to it at Kiely Hall 264 on March 21. “The problem in this society is that we don’t have an economic…

  • Arts & Entertainment

    “The Big Short” shows limits of American capitalism

    A standard movie centered on the 2007-08 financial crisis could make anyone fall to sleep after the first sentence. Americans, while familiar with the woes of the crisis, may find a movie on economics boring. But “The Big Short” is different as it understands their resistance and functions on this principle. Despite its complex subject, “The Big Short” is riotously funny, delightfully clever and lighthearted; all of this occurs while doing justice to the subject matter. The film is co-written and directed by Adam McKay, known for “Anchorman” and “Talladega Nights.” It is an adaptation of the 2010 best-seller “The Big Short” by journalist Michael Lewis. Arrogant stock trader Jared Vannett, played by Ryan Gosling, narrates…

  • News

    Sleep Now in the Fire

    Watching “Big City Life” reminded me of Kelly Thomas, a schizophrenic homeless man killed by police officers in Fullerton, Calif. three years ago. Thomas had been looking at customers of a restaurant through a window when officers Manuel Ramos and Jay Cicinelli were called by the owners. Both officers attempted to talk with Thomas, who could not understand and therefore comply with them. Growing increasingly frustrated, both officers began to beat Thomas aggressively with their batons. Officer Cicinelli used his taser on Thomas as he cried out for help from his father. Thomas died as a result of his injuries. Both officers were found not guilty of murder last January.…