Even before the novel coronavirus appeared, many American families were falling behind on student loans, auto loans, credit cards and other payments. America’s debt overhead was pricing its labor and industry out of world markets. A debt crisis was inevitable eventually, but covid-19 has made it…
Cooperation Jackson is “building a solidarity economy in Jackson, Mississippi, anchored by a network of cooperatives and worker-owned, democratically self-managed enterprises.” The group’s progressive initiatives help workers in Jackson take ownership of their work and the success of their communities.
So, a familiar idea has once again returned: that of a universal basic income (or UBI), whereby all of us would be entitled to a regular payment from the state, enough to cover such basics as food and heating.
Few economists become household names. Last century, it was John Maynard Keynes or Milton Friedman. Today, Thomas Piketty has become the economists’ poster-boy. Yet listen to the buzz, and it is five female economists who deserve our attention. They are revolutionising their field by questioning the meaning of everything from ‘value’ and ‘debt’ to ‘growth’ and ‘GDP.’
“The road to economic recovery should not be across women’s backs,” reads the first sentence of Hawaii’s Feminist Economic Recovery Plan. As states put forth dozens of recovery plans that all aim to redress the economic devastation caused by the COVID-19 pandemic, Hawaii’s remains the first and only that is explicitly “feminist.”
Humanities Graduates Are Just As Employable: Do The Sciences Really Lead To More Jobs? | The Guardian
The UK Government Wants More Students to Study Science Subjects – but employers want humanities graduates too. A report by the British Academy, published this year, shows that those taking arts, humanities and social science degrees end up in jobs in eight of the 10 fastest-growing sectors of the economy more often than their Stem graduate counterparts.
Jacinda Ardern, the 39-year-old prime minister of New Zealand, is forging a path of her own. Her leadership style is one of empathy in a crisis that tempts people to fend for themselves. Her messages are clear, consistent, and somehow simultaneously sobering and soothing. And her approach isn’t just resonating with her people on an emotional level. It is also working remarkably well.
America insists on repeating this lesson over and over and over again, never really learning it: No amount of private initiative or donor generosity can or will ever do what the government can. First, individuals, nonprofits, and companies simply don’t have the resources to provide public services at scale.
Nash’s notion of equilibrium is ubiquitous in economic theory, but a new study shows that it is often impossible to reach efficiently. All games have a Nash equilibrium. But will players be able to reach it?
Barcelona is deploying an unorthodox strategy in a bid to increase the city’s available renting housing by forcing landlords to find tenants or else see their property being redeployed as affordable housing. Last week the city’s housing department wrote to 14 companies that collectively own hundreds of empty apartments
Building a humane city should start from the premise that every person deserves a decent place to live. And the only way to accomplish that is through collective action, carried out by working-class movements.
Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix.
Thirty Glorious Years: Postwar Prosperity Depended On A Truce Between Capitalist Growth And Democratic Fairness. Is It Possible To Get It Back?
With the end of the Second World War, the economies of western Europe and North America began a period of spectacular growth. Between 1950 and 1973 GDP doubled or more. This prosperity was broadly shared, with consistent growth in living standards for rich and poor alike and the emergence of a broad middle class. The French call it les trente glorieuses – the 30 glorious years – while the Italians describe it as il miracolo economico.
The reason the post-pandemic era will be so destructive and creative is that never have more people had access to so many cheap tools of innovation, never have more people had access to high-powered, inexpensive computing, never have more people had access to such cheap credit — virtually free money — to invent new products and services, all as so many big health, social, environmental and economic problems need solving.
Sustainability is not a fixed state that can be achieved and then maintained forever after. Sustainability is a dynamic process of co-evolution and a community-based process of continuous conversation and learning how to participate appropriately in the constantly transforming life-sustaining processes that we are part of and that our future depends upon…
It’s increasingly clear to many that our systems are – problematically – performing the way they were designed to. We must choose to create anti-racist systems in our companies and communities instead. We need action plans and perseverance, across sectors, to turn this moment into a lasting movement.
Nelson says that the circular micro-economy this project will generate is meant to instill pride in their people’s children as they look across the river and hope to one day work in the healing village.
Endless growth is destroying the planet. We know how to stop it. In July 1979, Jimmy Carter asked Americans to sacrifice: to consume less, take public transit more, value community over material things, and buy bonds to fund domestic energy development, including solar.
Campaigners hail ‘huge moment’ as first minister commits to trials of payments to cover living costs. A pilot universal basic income (UBI) scheme is to be launched in Wales, the first minister, Mark Drakeford, has revealed.
Robinhood Says People are Tired of Warren Buffett and Charlie Munger Acting Like They’re the Only Oracles of Investing
Robinhood lashed out at Warren Buffett and Charlie Munger for criticizing its business model. People are tired of them acting like the only investing oracles, a Robinhood executive said. Both billionaire investors have accused the brokerage of treating the stock market as a casino.
Our work lives are so fissured, our ability to survive requiring such constant and Herculean efforts, that even fantastical narratives portraying the hunt for a steady job as swirling, maddening, operatically dramatic, degrading, bizarre, and never-ending feel just as real as life itself.
Climate pledges at this week’s G7 meeting of the world’s major economies in Cornwall represent positive action, according to top environmental researchers at the University of Oxford. But, in response to the summit agenda, the climate experts call for strong leadership from the leading economies and insist the world needs to stop using fossil fuels now – if global warming is to be tackled effectively.
Billions of pounds of environmentally harmful government subsidies must be redirected to benefit nature, the United Nation’s biodiversity chief has said, before the restart of negotiations on an international agreement to set new targets for protecting nature.
Older people will have to make sacrifices in the fight against climate change or today’s children will face a future of fighting wars for water and food, the EU’s deputy chief has warned.
In 2009, Marc Andreessen—a Silicon Valley entrepreneur and angel investor best known for cofounding Netscape, in 1994, at the age of twenty-two—announced that he would be starting a venture-capital firm.
President Joe Biden has named Lina Khan as the chairwoman of the Federal Trade Commission, giving the regulatory authority’s top spot to one of Silicon Valley’s most prominent critics.