Tag: capitalism
The unburstable bubble of Manhattan real estate continues to inflate, with the New York Times reporting that the average sale price of a Manhattan apartment hit a new high in the first quarter of 2015. According to new market reports from top real estate brokerage firms, the average price of a Manhattan apartment is over […]
Equinox, the $225-a-month luxury gym chain, is getting into the hospitality business, the Wall Street Journal reports. Equinox will be opening its first health-and-fitness-oriented hotel in Hudson Yards in 2018, with a Los Angeles location set to open in 2019. They hope to eventually build 75 worldwide. Equinox’s parent company is Related Holdings, a real […]
When President Obama announced that the U.S. would be lifting its sanctions on Cuba for the first time in 54 years, I had to jet down there and document the island nation before the massive and inevitable change that is sure to sweep across the entire country. I spent five days in Havana, the island’s […]
With the constant rise of income inequality, the mega-mergers of big business, the rampant unpunished financial crimes, and the Supreme Court’s official stance that money is speech, one could be forgiven for believing that capitalism has won and will be the financial way of life until humans go extinct. But according to at least one well-regarded […]
“We thought it was up to ‘The Man,’ or whoever was in control of the art world,” artist Sarah Lannan tells to the Wall Street Journal, in an article misleadingly titled “An Art-World Love Story.” For years, Lannan and her husband Simon Evans have been making art together, art billed to Evans alone. Recently, they both decided to give her fair […]
Yesterday, Overstock.com became the first big online retailer to accept bitcoin as a form of payment, making good on an announcement last month that it would take the digital currency by the end of 2014. The first purchase, apparently, was a $2,700 patio set. Overstock CEO Patrick Byrne says he believes bitcoin will account for just […]
Yes, the iPhone 5S is on sale today! Hooray for gold! Hooray for capitalism! For many of us, the lust for new Apple stuff was satiated by this week’s release of iOS 7 (which, I must admit, I am really enjoying so far), but those true devotees, nothing short of a shiny new phone will […]
Artist and activist Steve Lambert’s traveling piece Capitalism Works For Me! is a large illuminated sign and a voting podium. You vote “yes” or “no” on whether capitalism works for you and the results are tallied and displayed on the sign — in real time. Today, it was installed in Times Square, on Broadway between 46th […]
Forget Monopoly. That’s why we’re all fucked. Unlike Monopoly, the goal of Commonopoly is not the exhaustion, through monopolization, of a virtual stock of goods, but rather the expansion and preservation of a self-propelling sustainable system of recycling, production and distribution. Commonopoly is a project from Big Hope: Miklós Erhardt, Dominic Hislop, Elske Rosenfeld. They refer to […]
Swedish artist Gunilla Klingberg highlights the intersection of capitalism and religion in her Wheel of Everyday Life, an installation currently on display at Rice University’s Rice Gallery. The piece, a giant mandala composed of repeating brand logos, gets at how consumer-facing corporations have infiltrated our daily rhythms. “My intention is to make a work..that invades the space […]
