Senate Testimony: Concentration of economic and financial power is squeezing out pharmacies, jobs, and livelihoods in rural areas

“At the root of much of rural America’s distress is the concentration of economic and financial power,” ILSR Co-Director Stacy Mitchell testified before the U.S. Senate Banking Committee on Tuesday, April 20th. “We have a few superstar cities mostly on the coasts that are prospering. Meanwhile, much of rural America is falling further and further behind. Good jobs are rare. Poverty …

A monopoly can be given to a private corporation if it actually fulfills two things: allow just and reasonable prices and serves the public interest. Also, only one reason to grant a corporate charter…

David Korten’s presentation to the Summit on the Future of Corporations, Faneuil Hall, Boston MA, November 13, 2007. Only One Reason to Grant a Corporate Charter (see end) ** Excerpts from Interview – John Farrell and Jean Su – May-June 2021 Jean Su:  A monopoly can be given to a private corporation if it actually fulfills two things. And this …

What is a solidarity economy — and can it save us from capitalism?

By Luke Ottenhof May 20, 2021 SHARE David Cobb considers himself a prepper, though not in the mainstream sense. A prepper is someone preparing to survive disaster, but Cobb isn’t the Purge-style, guns-and-ammo-hoarding variety. He works with Cooperation Humboldt, a solidarity economy group in and around Eureka, California. “I’m preparing my community for the climate crisis, for the shift that’s coming, as opposed …

Joeri Rogelj: Net-zero emissions targets are vague: three ways to address their limitations

Nature, 16 March 2021. To limit warming, action plans from countries and companies must be fair, rigorous and transparent. By Joeri Rogelj, Oliver Geden, Annette Cowie & Andy Reisinger Five years ago, the United Nations Paris climate agreement set a ceiling for global warming at well below 2 °C, ideally 1.5 °C relative to pre-industrial levels. World leaders also agreed to balance greenhouse-gas emissions …

Oppose False Solutions to the Climate Crisis: CCS, Biogas, Offsets Generally, any nuclear building for the foreseeable future

The expansion of fossil fuels threatens our climate, public health and economic prosperity.  It necessitates an end to new fossil fuel infrastructure and production, along with a managed decline of the industry. To stay alive, the fossil fuel industry is pushing a number of policies that further investment in fossil fuels, under the guise of addressing the climate crisis. Chief …

Hail, America’s most under-rated climate risk has expanded footprint across the country + ‘staggering increase in heat deaths’. Fossil fuel and coal downturn

Hail! It’s America’s most underrated climate risk, Atlantic, February 9, 2021. (See bottom of this post) Wisconsin researchers in a new study find that over the last 40 years hail has expanded its footprint across the country and has become more frequent in the so-called Hail Alley stretching from Wyoming to Texas. Study: Warmer weather will increase flooding in the Columbia River Basin this …

10 Things You Should Know About Socialism

Richard Wolfe, 2020, Yes Magazine. Capitalism replaced slaves and serfs with employees, masters and lords with employers. It is no historical surprise that employees would end up yearning and fighting for something better. That something better is socialism, a system that doesn’t divide people, but rather makes work a democratic process where all employees have an equal say and together …

‘The deficit, Biden said, doesn’t matter. At least for the moment’: Biden makes case for spending on climate

Adam Aton, E&E News, December 7, 2020 President-elect Joe Biden delivering remarks Thursday. He has proposed massive investments in climate action during a time of high deficit spending.  President-elect Joe Biden was unveiling his economic team when he made an off-script remark that could reveal as much about his climate plans as any staffing pick. The deficit, Biden said, doesn’t …

Can Progressives save Biden from disastrous economic policies, seize the opportunity to ride a return of class politics into U.S. society, and effectively resist both major parties’ efforts to silence them?

DECEMBER 11, 2020 Can Progressives Save Biden From Disastrous Economic Policies? BY RICHARD D. WOLFF Since the 1970s, U.S. real wages have largely stagnated. After a century of real wages rising every decade, that stagnation changed the lives of the U.S. working class in traumatic ways. Likewise, since the 1970s, labor productivity grew steadily, aided sequentially by computers, robots, and …

America’s hollow middle class. Life as in the Simpson’s is no longer attainable. Plus, the super rich and how to tax them and what we’ve learned during Trump.

The cost of living has risen, wages have not, and debt just keeps on accumulating. By Anne Helen Petersen  Dec 15, 2020, Vox Delia did everything right. She went to college, she got a teaching degree, she found a reliable job, and she got married. She and her husband had two kids. “We followed the traditional path to middle class and economic security,” …