Peak fossil fuel demand and peak ICE vehicles. The recent 3 percent fall in oil demand has led to a 50 percent fall in the oil price. Governments role is to prevent fossil resurgence and to implement a tax wedge

Horse demand famously peaked when cars were just 3 percent of their number, and gas lighting demand peaked when electric lighting was just 2 percent of supply. The consequence of peaking demand for fossil fuels has been playing out for a number of years now, in sector after sector. Peak demand for coal meant lower prices for US coal and …

More COVID movement demands

Working People’s Demands in Response to Coronavirus PRIORITIES OF THE LABOR MOVEMENT TO ADDRESS THE CORONAVIRUS: PROTECT FRONT-LINE WORKERS Streamline approaches for allocating and distributing personal protective equipment to working people in greatest need. Issue a workplace safety standard to protect front-line workers and other at-risk workers from infectious diseases. Provide workplace controls, protocols, training and personal protective equipment. Provide …

Bringing about a deep institutional turn in ownership and control to democratize economic and political rights within the economy

The Democracy Collaborative and Common Wealth have begun a project that will last the course of 2020 to explore the new frontiers of public ownership in the twenty-first century, developing policy ideas in four areas where existing structures of ownership amplify corporate power, erode workers’ rights, increase inequality, and accelerate the climate crisis: digital infrastructure, IP and R&D, data and platforms, and land …

Economist Branko Milanovic has estimated that 60% of someone’s income is determined by where they were born, and an additional 20% is determined by the income level of their parents. This means that place of birth and parental background accounts for around 80% of someone’s earning power on average. “If I had data for gender, race, ethnicity and other things that are similarly …

Don’t Move People Out of Distressed Places. Instead, Revitalize Them

By Richard Florida, Sept 2019 There are significant economic and social gains to people staying in place. Moving is hard on people, especially children. Losing proximity to friends and family takes its toll on well-being and life-satisfaction. Anyone who has moved a lot (like me) knows that the communities we live in, and in which we forge social and business …

On how out-moded gas investment is

Sept 2019: (Wall Street Journal) Oil and Gas Bankruptcies Grow as Investors Lose Appetite for Shale Bankruptcies among U.S. oil and gas companies are rising as Wall Street continues disinvesting from the industry, the Wall Street Journal reports. Twenty-six oil-and-gas producers have filed for bankruptcy so far this year. That number is expected to rise as companies face mounting debt …

Community-Controlled Economies Drive Systems Change

Community-Controlled Economies Drive Systems Change, BALLE, Harper S.E. Bishop, Aug 15 “Just Transition is my religion.” — Lorna C. Hill, Founder and Artistic Director of Ujima Theatre Company Time and again it has been the radical political imagination of grassroots leaders from marginalized communities armed with the truth of their lived experience who have confronted oppressive systems through building collective power that …

Shifting the balance of forces through sanctions against Trump and US carbon capital

Boycott Divestment Sanctions” (BDS) movements have been effective against Israeli apartheid and during 1985-94, splitting white business from the South African apartheid regime. BDS against the US could succeed if US progressives are motivated to call for a world boycott of the US government plus key Trump-related corporations. “Trump is known to like walls. Maybe a wall of carbon tariffs …

De-Dollarizing-the-American-Financial-Empire

Bonnie Faulkner:  I’ve been speaking with Dr. Michael Hudson.  Today’s show has been:  De-Dollarizing the American Financial Empire.  Dr. Hudson is a financial economist and historian.  He is President of the Institute for the Study of Long-Term Economic Trend, a Wall Street Financial Analyst and Distinguished Research Professor of Economics at the University of Missouri, Kansas City.  His 1972 book, Super …