Latest Capitalism News

In this March 27, 2019, photo, author Shoshana Zuboff pauses while walking her dog near her home in Maine. Zuboff is the author of

Meet the scholar who diagnosed ‘surveillance capitalism’

Dec. 11, 2019 3:17 PM EST

A year ago, Shoshana Zuboff dropped an intellectual bomb on the technology industry. She hasn’t stood still since. In a 700-page book, the Harvard scholar skewered tech giants like Facebook and Google with a damning phrase: “surveillance capitalism.” The unflattering term evokes how these...

In this Wednesday, March 27, 2019 photo, author Shoshana Zuboff speaks to a reporter in her home in Maine. Zuboff is the author of

Meet the scholar who diagnosed ‘surveillance capitalism’

Dec. 11, 2019 12:28 PM EST

A year ago, Shoshana Zuboff dropped an intellectual bomb on the technology industry. She hasn’t stood still since. In a 700-page book, the Harvard scholar skewered tech giants like Facebook and Google with a damning phrase: “surveillance capitalism.” The unflattering term evokes how these...

This Sunday, Dec. 1, 2019, photo shows rewards offered through Chase bank on an iPhone in the Brooklyn borough of New York.  Banks want to turn data they already have on your spending habits into extra revenue by identifying likely customers for retailers. Wells Fargo became the latest bank to customize retail offers to individual customers. It joins Chase, Bank of America, PNC, SunTrust and a slew of smaller banks. (AP Photo/Jenny Kane)

For banks, data on your spending habits could be a gold mine

Dec. 2, 2019 12:50 PM EST

NEW YORK (AP) — There’s a powerful new player watching what you buy so it can tailor product offerings for you: the bank behind your credit or debit card. For years, Google and Facebook have been showing ads based on your online behavior. Retailers from Amazon to Walgreens also regularly suction up...

Democratic presidential candidate former Massachusetts Gov. Deval Patrick speaks to local residents during a stop at the Sykora Bakery, Monday, Nov. 18, 2019, in Cedar Rapids, Iowa. (AP Photo/Charlie Neibergall)

Patrick defends corporations and capitalism in primary bid

Nov. 19, 2019 9:57 AM EST

DES MOINES, Iowa (AP) — Democratic presidential candidate Deval Patrick is centering his fledgling campaign on a defense of corporations and capitalism that puts him directly at odds with some of the party’s most progressive figures. “There is a role in the economy for private equity. You bet...