Blue-Collar Workers: Let’s All Support the Green New Deal

July 08, 2019 / Steve Morse Blue collar workers have been wrongly portrayed as uniformly against the Green New Deal. Photo: Peg Hunter, CC-BY-NC-2.0, cropped. A recent article in Politico (“Labor anger over Green New Deal greets 2020 contenders in California,” June 6) alleged that blue-collar workers in California reject the Green New Deal. I am a blue-collar worker—a retired …

Capitalism: A Conversation in Critical Theory, by Nancy Fraser and Rahel Jaeggi

Kindle Location (Loc) 272: Chapters 1 and 2 ended up focusing largely on Nancy Fraser’s “expanded” view of capitalism as “an institutionalized social order” that harbors multiple crisis tendencies. Loc: 312. Not since the interwar period have people in Western societies felt themselves so exposed to the instability and unpredictability of our economic and social order – a sense of …

Initial highlights from Capitalism: A Conversation in Critical Theory, by Nancy Fraser and Rahel Jaeggi

Kindle Location (Loc) 272: Chapters 1 and 2 ended up focusing largely on Nancy Fraser’s “expanded” view of capitalism as “an institutionalized social order” that harbors multiple crisis tendencies. Loc: 312. Not since the interwar period have people in Western societies felt themselves so exposed to the instability and unpredictability of our economic and social order – a sense of …

Takers and Makers: Who are the Real Value Creators? Where value meets profit meets economic rent, by Mariana Mazzucato. And deal with power…

The way the word ‘value’ is used in modern economics has made it easier for value-extracting activities to masquerade as value-creating activities. And in the process rents (unearned income) get confused with profits (earned income); inequality rises, and investment in the real economy falls. What’s more, if we cannot differentiate value creation from value extraction, it becomes nearly impossible to …

Nearly half of Americans can’t afford the basics of life under capitalism in the US

The folks that did the study above call this new class of people ALICE, for “asset limited, income constrained, employed.” It’s a sharp way to think about American collapse. Let me translate this term, too: the people formerly known as the American middle class. By Umair Haque, Eand.co June 18, 2019  43% of American households can’t afford a budget that includes housing, …

Better for business, better for well-being: 75% of American workers prefer to work in an employee-owned company

Employee ownership offers a solution to the vast income and wealth inequality that is undermining America’s economy. GOOD FOR EMPLOYEES WAGES: Employee owners earn average wages 5 to 12 percent higher than employees in conventional firms. WEALTH: The net worth of employee owners aged 28 to 34 is 92 percent higher than for non-employee owners. RETIREMENT SAVINGS: The average retirement …

Seven principles of a Democratic Economy: community, inclusion, place (keeping wealth local), good work (putting labor before capital), democratized ownership, ethical finance, and sustainability

https://democracycollaborative.org/content/marjorie-kelly-employee-ownership-and-community-wealth Our economy is designed by the 1 percent, for the 1 percent. This book offers a compelling vision of an equitable, ecologically sustainable alternative that meets the essential needs of all people. We live in a world where twenty-six billionaires own as much wealth as half the planet’s population. The extractive economy we live with now enables the financial …

A quarter of American workers are now gig workers. In NYC half of Uber drivers are supporting families with children, 40% are on Medicaid

The gig is up: America’s booming economy is built on hollow promises Robert Reich Contract workers prop up big earners but under Trump’s anti-labor administration are ruthlessly exploited themselves Sun 2 Jun 2019, The Guardian  Uber just filed its first quarterly report as a publicly traded company. Although it lost $1bn, investors may still do well because the losses appear to …

Not 12 years, 1. Why we need a fundamental shift in how we think about the climate crisis: Most of humanity is tightly enmeshed into a globalised, industrialised complex system – that of the technosphere

We have less time than you think to jump-start climate action, By Helen Mountford, May 24, 2019  Helen Mountford is the vice president for climate and economics at World Resources Institute, which works to identify and advance the structural shifts needed to address climate change. She was previously the deputy director of environment for the Organization for Economic Co-operation and Development.  (CNN)On …

Exxon predicted in 1982 exactly how high global carbon emissions would be today. Seas were 75 ft higher last time CO2 levels were this high

World continues to follow high emissions growth pathway that Exxon projected in 1982 SUN SETS ON THE BAO STEEL MILL IN BAOTOU, INNER MONGOLIA, CHINA. BAOTOU, A ONE-INDUSTRY TOWN, IS ALSO NOTORIOUS AS A BIG POLLUTER, MOSTLY FROM THE LARGE BAO STEEL FACTORY. (PHOTO CREDIT: RYAN PYLE/CORBIS VIA GETTY IMAGES) KYLA MANDEL, Climate Progress, MAY 14, 2019, Exxon predicted in 1982 exactly …