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 …

Can we tame capitalism by giving everyone a share of Wall Street

An Occupy Wall Street protest in 2011. (Linda Davidson/The Washington Post)By Jeff SteinAugust 20 The economist Giacomo Corneo is a self-proclaimed socialist. A professor at the Free University of Berlin, Corneo is steeped in the writings of Karl Marx and, in conversation, rattles off the beliefs of the founder of communism. The professor works with Germany’s Greens party. But on perhaps …

Billionaires are a sign of social, political, and economic failure

Inherited Wealth And Crony Capitalism Have Created An Aristocratic Class That Undermines Social Mobility And Democracy. A third of wealth is inherited. Another third comes from special access/crony capitalism. Didier Jacobs calculated a few years ago that another third of billionaire wealth comes from crony connections to government and monopoly.  This could be for example when billionaires secure concessions to provide services …

Greening your life is good and well, but this is going to take systemic change

China and India currently have much lower rates of car ownership than countries in the west, but as they grow richer their new middle classes will inevitably seek to emulate western consumers. The number of cars per thousand people are as follows: the US, 811; the UK, 471; China, 179; India, 22. There are 2.8 billion people in China and India. …

Investing in tuition-free college pays has high rates of return for society

By David Deming, Tuition-Free College Could Cost Less Than You Think, NYTimes, July 21, 2019 “The long-term payoff of these policies could be enormous. Considerable research shows that public and private benefits greatly exceed the costs when students are nudged toward obtaining a college degree. Yet at the moment, only 37 percent of Americans between the ages of 25 and 29 …

8 Essential Steps to Radically Transform Our Economy: An economic system that serves everyone and the planet is necessary for our survival.

Here are some guiding principles to get us there. David Korten posted Jul 02, 2019, in YES! Magazine We’re running out of time. There’s spreading awareness of the institutional failure that is driving humans toward self-extinction, and related calls for a deep transformation of our economy. This is happening in every quarter, from college campuses to the Vatican to the U.S. …

Initial highlights from Capitalism: A Conversation in Critical Theory, by Nancy Fraser and Rahel Jaeggi

Kindle Location (Loc) 272: Chapters 1 and 2 ended up focusing largely on Nancy Fraser’s “expanded” view of capitalism as “an institutionalized social order” that harbors multiple crisis tendencies. Loc: 312. Not since the interwar period have people in Western societies felt themselves so exposed to the instability and unpredictability of our economic and social order – a sense of …

People in Denmark Are a Lot Happier Than People in the United States. Here’s Why. Americans end up spending twice as much out-of-pocket for social goods and services.

July 17, 2017 The NationMultimedia People in Denmark Are a Lot Happier Than People in the United States. Here’s Why. Text by Joshua Holland. Graphics and animation by Rob Pybus. Last week, in Denmark, Malthe and Lærke Knudson had a baby girl they named Emma. That same day, the Robinsons—Dale and Beth—had a little baby in the United States. They …