O&G leaving a mess behind, Warren and Bruenig’s conditions for stimulus

Excerpt from NYTimes, March 2020. The $700 billion bank bailout elicited a voter backlash, which means any aid this time is likely to have large strings attached. Those could include limits on executive compensation, prohibitions on stock buybacks and, most prominent, measures to force bailed out companies to keep workers on their payrolls. Senator Elizabeth Warren, Democrat of Massachusetts, released an …

Government interventions should be predicated upon making the urgently required transition to a post-fossil fuel economy and society. Rescued or subsidized institutions (especially oil companies, airlines, and the banks that finance them) should be put under public control as part of an emergency climate transition plan

Lessons learned from 2008 In this case, any government interventions should be predicated upon making the urgently required transition to a post-fossil fuel economy and society. Rescued or subsidized institutions (especially oil companies, airlines, and the banks that finance them) should be put under public control as part of an emergency climate transition plan. Once in public control, these institutions …

21st Century Bill of Rights

From Brand New Congress: The founders of the United States of America and those that followed established a Bill of Rights to constitute the values reflected by this great nation and those who reside within. Now more than 225 years into our nation’s founding, we recognize the current Bill of Rights falls short of securing the full scope of unalienable …

Making Sense of the Latest IRS Income Stats To understand how wide our economic divide has become, a little imagination can help. BLOGGING OUR GREAT DIVIDE NOVEMBER 21, 2019 by Sam Pizzigati None of us can actually “see” inequality, not in the way we can see a horse or a house. So we rely on numbers to better understand how unequal …

The UBI already exists. It is just unevenly distributed.

By Matt Bruenig, Peoplespolicyproject.org September 6, 2019 | EDUCATE! Max Sawicky has a piece in Jacobin that again repeats the clearly incorrect claim that it would be impossibly expensive to provide everyone in the country a significant cash grant each year. So what’s wrong with the UBI? In a nutshell, if it’s universal, it can’t be basic, and if it’s basic (provides a decent income …

Finland basic income trial left people ‘happier but jobless’

A recent survey prepared by the International Trade Union Confederation in 16 countries covering 53 percent of the world’s population found that 40 percent of families had experienced unemployment in the last two years. Finland Income Trial, Ashitha Nagesh, BBC News, 8 February 2019 The experiment saw 2,000 people paid €560 (£490) a month, instead of their unemployment benefit. Giving jobless people in Finland …

American Capitalism has failed us: We’re overworked, underemployed and more powerless than ever before

Denmark, Norway and Sweden are all thriving under democratic socialism. Why is it so difficult for us to embrace? Ann Jones / Tom Dispatch, The Nation January 12, 2019 Some years ago, I faced up to the futility of reporting true things about America’s disastrous wars and so I left Afghanistan for another remote mountainous country far away. It was the polar opposite of Afghanistan: a …

Universal Basic Income Is Easier Than It Looks: could actually be funded year after year without driving up taxes or prices

P2P Blog, January 4, 2019  By Ellen Brown  Calls for a Universal Basic Income have been increasing, most recently as part of the Green New Deal introduced by Rep. Alexandria Ocasio-Cortez (D-NY) and supported in the last month by at least 40 members of Congress. A Universal Basic Income (UBI) is a monthly payment to all adults with no strings attached, similar to Social …

Guaranteed basic income demonstration projects

28-year-old Mayor Michael Tubbs is building the first city-led guaranteed income demonstration in the U.S, the Stockton Economic Empowerment Demonstration. The combination of innovative government action and provocative concept drew the national spotlight to Stockton, which Mayor Tubbs proudly describes as “a city on the rise.” Over the course of 2018, SEED grew from an idea to a full-fledged study …

Interview with Robin Chase, Aug 2018

From The Beam and Clean Technica, 24 Aug 2018 An interview with ZipCar founder Robin Chase, by Anne-Sophie Garrigou Robin Chase is a transportation entrepreneur who became famous for co-founding Zipcar, the largest carsharing company in the world. The successful entrepreneur wasn’t about to stop there, going on to co-found Buzzcar, a peer-to-peer carsharing service in France (now merged with Drivy); as …