Pandemic and the Policy Roots of a Steady State Economy (tags)
We are in the midst of a radical disruption and nurturing the roots of a just transition. Whichever way events unfold over the coming years, it’s clear that returning to the pre-pandemic status quo is less realistic and more difficult than embracing the change that’s well underway.
The true costs of capitalist wealth (tags)
What drives the capitalist mode of production is the endless compulsion to increase abstract wealth, or, put more simply, the compulsion to turn money into more money... Society is richer than it knows, because it does not take all kinds of wealth factors into account in GDP.
Shrinkage means the voluntary downsizing of the national economy, including a reduction in gross domestic product. "Voluntary" here indicates a preference for voluntaristic solutions - though not as individualistic and unplanned where well-to-do opt out of the consumerist market model.
VIDEO: "The Four Horsemen" (tags)
Finance capitalism is an outgrowth of self-healing markets and too-big-to-fail banks, perverse business models and perverse incentives where speculation and creating money out of thin air are normalized.
Alternative for the Euro Zone (tags)
In a new study, leftist economists from a dozen EU countries criticize the policy of the German government in the Euro crisis. Its analysis and the proposed solutions are wrong. The state deficits are not the cause of the crisis. The financial crisis caused the state deficits.
Free Internet Book: Towards a Wage-Led Recovery (tags)
This free Internet book was published in the International Journal of Labor Research, November 2011.
The Social Contract and the Kingdom of God (tags)
When the social contract disappears, we become wolves to each other. The tradition of prophetic socialism emphasizes the reign of God as the imperative for peace, justice and preservation of nature. Utopia is not a different world but a better world (Christoph Blumhardt).
"Beyond Growth" congress in Berlin, May 20-22. 2011 (tags)
A "Beyond Growth" congress will be held in Berlin, May 20-22. 2011. The driving forces of growth, the limits of growth, the crisis of the work society, an economy beyond growth, justice and the globalized world, sharing and the good life will be discussed.
Developing a New Economic System (tags)
The stubborn Basel businessman Georg Hasler has a new economic system in mind. He joins two economic concepts that are often discussed these days: unconditional basic income and a radical change of property rights in ideas called free knowledge.
Prosperity without Growth (tags)
Production cannot increase forever. For the developed economies of the western world, prosperity without growth is a necessity and not a utopian dream any more. See the links to five free Internet books..
The Shift of Power to the East and South (tags)
The shift of political and economic power from West to East and North to South and the rapid development of technological innovations have created a completely new reality..The claim of the US and Europe to being masters of the universe must be ended.
America after the Attempted Assasination (tags)
For three decades, incomes and assets were increasingly unequally distributed in the US. While economic output increased 60% from 1990-2008, median income only rose 10%. All governments since Reagan's first term drove this development with their tax cuts, subsidies and neglect of educ.
DOWNLOAD Carbusters #42 (tags)
Carbusters #42 June 2010-August 2010 from Prague, Czech Republic includes cartoons by Andy Singer, articles "The Traffic Hierarchy" and "High Speed Rail: Green or Mean" and a book review of "Carjacked."
Economics is not a Science (tags)
"Observations are central in a subject like economics where experiments are not possible.. Mathematics is misused to transport a certain ideology, the neoclassical theory of the market.. Capitalist crisis phenomena have made a fool of the harmony theory of the market.."
Worldwide Economic Crisis 2.0 or the Collapse of Neoliberal Finance Capitalism (tags)
The present crisis is a consequence of the fact that exploding business profits found inadequate investment opportunities in the productive sector and turned instead to financial speculation. Deregulation created "law-free" spaces" with the abrogation of all political controls.
Free Internet Book: Enough is Enough! (tags)
Have you had enough of infinite growth, environmental destruction, currency wars, vulgar materialism, social cuts, generalized insecurity and resource wars? How can anyone say the left has no alternatives to the status quo? Download the 10-page summary or the 130-page report.
From a Failed Growth Economy to a Steady-State Economy (tags)
This past week was the United States Society for Ecological Economics bi-annual conference (at American University near Washington DC). Herman Daly was honored for his many and longstanding contributions.
From Bubbles to Living Economies (tags)
"The old story promised stability based on enterprise but delivered chaos based on speculation. It preached transparency but created a world ruled by occult financial knowledge.."
Past sins are coming home to roost.