It is imperative that we quickly move away from the current system that prioritizes corporate profits sourced from monopoly rights to one that values and centers public health, social equality, and ecological sustainability

Conclusion/Excerpt from the Democracy Collaborative, 2020 As countries grapple with the devastating challenges of COVID-19 and we, hopefully, move closer towards the development of a vaccine, the injustices and insufficiencies of the current approach to IP and R&D are becoming increasingly apparent. It is imperative that we quickly move away from the current system that prioritizes corporate profits sourced from monopoly rights to one that …

Study finds renewable energy has created 6,300 jobs and generates $388.6 million a year in economic activity in eastern rural Colorado, which has 55% of the state’s solar arrays

By Wayne Heilman wayneh@gazette.com Colorado Springs Gazette, Jul 28, 2020 Updated Aug 6, 2020 The renewable energy industry has created 6,334 jobs and generates $388.6 million a year in economic activity in eastern Colorado, according to a study released Tuesday by three Colorado advocacy groups. The study from The Western Way, a Denver-based conservative environmental group, was conducted by Littleton-based Development Research Partners. It found $9.4 billion …

Start with cancelling student debt and making public colleges free: $3 or $4 dollar return on each dollar invested

We’ve seen a lot of progressive candidates build policies around free college. But it’s not just a progressive idea. The Republican-led government of the state of Tennessee created the Tennessee Promise, a program that makes certain schools free to attend for Tennessee residents. This is because for every dollar that a state spends on higher education, they get a 3 …

Economic response to COVID exacerbating inequality: 37% of black families and 33% of Latino families have zero or negative wealth, compared to just 15.5% of white families. Black American homeownership rate is 44%, compared to 70% for whites

Dominic Rushe in New York for The Guardian, 19 Jun 2020 Racial wealth inequality increased by more than $40,000 from 1983 to 2016, according to a previous IPS report, Ten Solutions to Bridge the Racial Wealth Divide. “In 1983, white median wealth was $110,160, while black wealth was $7,323, and Latino wealth was $4,289. By 2016, white median wealth had increased by …

Owning the Future: After COVID-19, a new era of community wealth building and public ownership

Research and Policy & Executive Director, Next System Project and Sarah McKinley, Director of European Programs April 20, 2020 EXPANDING DEMOCRATIC OWNERSHIPCENTERING COMMUNITY AND PLACE On both sides of the Atlantic, the COVID-19 crisis poses a double challenge. Beyond the terrifying public health emergency, the vitally necessary immediate response has been an economic shutdown of unprecedented proportions. But that is only …

Encourage a deep structural transition to an economy that better values the work we know is essential to sustaining us: The Road to Economic Recovery should not be across women’s backs

April 2020 The road to economic recovery should not be across women’s backs. COVID-19, and the measures being implemented to contain it, are deeply affecting our social and economic relationships here in Hawaiʻi and beyond. This new landscape is forcing us to reconsider many aspects of our lives and economy, including our economic future. The COVID- 19 response and recovery …

Oil and gas face $1.8 trillion downturn in 2020, new data shows. World has 1 billion barrels in storage, 12 million barrels/day of excess capacity, and people are trying to get off fossil fuels

The world still has 1 billion barrels in storage, according to S&P Global Platts, which tracks the data. We have more than 12 million barrels a day of excess capacity, and people around the world are doing their best to break their reliance on fossil fuels. The data firm Fitch Group projects the global oil industry will lose $1.8 trillion in …

Sierra Club Letter on COVID Recovery and a Green New Deal – April 2020

April 27, 2020 to Nancy Pelosi, Speaker of the House and Kathy Castor, Chair, Select Committee on the Climate Crisis, plus Peter DeFazio, Chair, Committee on Transportation and Infrastructure Raúl Grijalva, Chair, Committee on Natural Resources; Eddie Bernice Johnson, Chair, Committee on Science, Space, and Technology; Nita Lowey, Chair, Committee on Appropriations; Richard Neal, Chair, Committee on Ways and Means; …

Blacks hurting more in COVID recession

So far, we’ve seen a group larger than the entire population of California lose their jobs since March. As the pandemic coverage is swept aside by protests over police brutality and systemic racism, one calculation holds that half of all black adults are now jobless.” A Better Jobs Report Belies America’s Breadlines. By Eli Rosenberg June 1, 2020, Washington Post In the …