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 …

We can’t afford not to decarbonize. Invest 1% of world GDP, the total value of all goods and services in the world = about $85 trillion per year in 2019. 1% of that is $850 billion/yr

From Dr. Scott Denning, Colorado State University, Aug 2019 Economists estimate the total cost of decarbonizing the world economy to be about 1% of global GDP. Academic economists estimate the total cost of saving our descendants from millennia of hellish struggle at 1% of GDP (plus or minus 1% — could actually cost anywhere from nothing to 2%). And yes …

Household debt is now $869 billion higher than the $12.68 trillion peak it hit in 2008: Raising the minimum wage to $15 an hour, canceling most student loan debts, offering free public higher education, and making child care affordable would help

Excerpt from Common Dreams, July 2019 “Warning Lights Are Flashing” “The country’s economic foundation is fragile. A single shock could bring it all down,” Elizabeth Warren wrote recently. “And the Trump administration’s reckless behavior is increasing the odds of just such a shock.” Among the potential triggers she laid out is the level of household debt. Warren referenced recent data …

There are basically only four ways to accumulate a billion dollars – and none of them is a product of so-called free market capitalism. The real failure is in how our economy is organized.

There are basically only four ways to accumulate a billion dollars – and none of them is a product of so-called free market capitalism. Billionaires themselves aren’t the problem. The real failure is in how our economy is organized. The way to fix it is getting rid of monopolies, stopping the use of insider information, preventing the rich from buying …