Creating an Ecological Society: Under capitalism, people are at the service of the economy, as workers and consumers of goods and services. In contrast, the economy of an ecological society will be at the service of humanity and its needs

How does capitalism impede the development of an ecological society?  By its very nature capitalism operates in ways that harm people and the broader environment. The purpose of capitalism is to produce something (a good or a service) using hired labor, raw materials and machinery and sell it for more than the production cost. The motivating and driving force of the …

We need an ecological revolution with a broad social base. Why a Green New Deal is just an entry point to an ecological revolution, and why any economic-social system that hopes to address the climate crisis must transcend capitalism

Our only way out of this epochal crisis is the immediate reduction in carbon emissions, which means keeping fossil fuels in the ground. That requires a direct confrontation with fossil capital. There is no other way.  Our ace in the hole is that we can cut back on the enormous waste from inequality in our society. Why do people feel …

Are Investors Finally Waking Up to North America’s Fracked Gas Crisis

By Justin Mikulka, DeSmog Blog February 10, 2019 The fracked gas industry’s long borrowing binge may finally be hitting a hard reality: paying back investors. Enabled by rising debt, shale companies have been achieving record fracked oil and gas production, while promising investors a big future payoff. But over a decade into the “fracking miracle,” investors are showing signs they’re worried that payoff will never come …

Offshore Finance: How Capital Rules the World: The Rise Of Offshore Finance Is Not Solely About Capital Moving To Banks In Exotic Islands, It Is Also About The Creation Of A Two-Tier Global System.

OffShore Finance: How Capital Rules The World, By Reijer Hendrikse, and Rodrigo Fernandez, ROAR Magazine, February 10, 2019 Capitalism only triumphs when it becomes identified with the state, when it becomes the state. — Fernand Braudel Following the election of Donald Trump and claims of Russian meddling during his campaign, a privatization deal of Russia’s state-owned oil company Rosneft caught the media’s attention: despite …

Debt and the value of college education in the US

Buzzfeed, Feb 2019, excerpt …Student debt in the US is a collective $1.5 trillion debt load. The weight of all that student loan debt is markedly different than the feeling of the weight of mortgage or credit card debt — after all, those borrowers can declare bankruptcy, an option unavailable to student loan borrowers. Not even death can absolve you or …

New Deal and the GND as Rapid Transition Stories

RapidTransition.org Story of change The New Deal and a Green New Deal – turning economic and environmental disasters into an opportunity for national, public renewal, posted on 11 February 2019. See lessons A proposal for a Green New Deal from the dynamic new Democratic representative Alexandria Ocasio-Cortez has become a rallying point for progressive politics and climate solutions in the United …

Even Clack’s research shows that closing Colorado’s coal plants by 2025 is economical and close to least cost pathway

Colorado could save $2.5 billion by rapidly shutting down its coal power plants: In the Centennial State, greener and cheaper are one and the same. By David Roberts,  vox.com Jan 8, 2019 Shutterstock California may get the bulk of the media attention, but when it comes to clean energy, it’s worth keeping an eye on Colorado. There’s an argument to be made that …

The Racial Wealth Divide Gives Billionaires More Power Over All Of Us. The Answer? Reparations.

Want an impossible task? Try identifying the most disturbing trend in America today. Consider the choices: Climate change denial, extreme political polarization, gun violence, etc. Those are just the ones on the national radar. Here’s one that isn’t, but needs to be: the systematic destruction of black wealth. The reality is horrific, according to the recent Institute for Policy Studies …

Money still follows the segregation map in Baltimore

By Chase Hoffberger, Baltimorebrew.com February 6, 2019 New study shows the differences in economic activity—and access to opportunity—between neighborhoods New analysis of investment patterns in Baltimore shows the degree to which decades-old housing policy that divided the city by race has locked in a landscape of “haves” and “have nots.” Between 2011 and 2016, Baltimore neighborhoods that are less than 50% African …