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capitalism – Elena Botella
  • Jobs and Working

    The rich don’t just have more stuff

    For The Nation, I interviewed philosopher Jennifer Morton about her new book Moving Up Without Losing Your Way: The Ethical Costs of Upwardly Mobility. Morton explains the rich don’t just have more stuff — capitalism also forces them into fewer dilemmas about whether to prioritize their own interests, or those of their loved ones.

  • Jobs and Working

    What a job search custom tells us about the death of free-market egalitarianism

    In the Wealth of Nations, Adam Smith imagined a pin factory with ten workers, and predicted that capital owners would be on the factory floor doing manual labor alongside their employees. Instead, Amazon packs thousands of workers into each of its warehouses, and some of those workers reportedly pee into plastic bottles for fear of getting disciplined if they “waste time” on bathroom breaks. Meanwhile, Jeff Bezos is a millionaire, 151,000 times over. In my latest essay for The Outline, I talk about how the custom that job candidates should send thank-you notes to their interviewers fits into a long history of workers being placed socially and culturally beneath management.…

  • Economic Policy

    ‘Faces of a new economy’ – my thoughts on the economic order

    Mark Trumbull writing for the Christian Science Monitor profiled millenials rebelling against “an economic system that puts profits over fairness and equality.” The word ‘socialist’ means different things to different people.  To some, countries like Sweden, Norway, or Germany are ‘socialist’ — many Western European countries have higher taxes, particularly on their wealthier citizens, to support free or very low-cost college and healthcare, and stronger guarantees of meeting the basic human needs of their citizens.  At the same time, those countries all have vibrant market economies. While some industries in those countries like healthcare or education may be fully public or operated with greater government intervention, citizens can also start and…