GST Original Articles

By Kollibri terre Sonnenblume / 06 June 2019
Forgiving Debt to Invest in Environmental Healing Fir seedling, in author’s hand [photo by author] “I want you to act as if the house is on fire. Because it is.” —Greta Thunberg The US economy is awash in debt.
    As of the fourth quarter of 2018, household debt in the US totaled $13.54 trillion. The largest portion of this is mortgage debt, which totalled $9.12 trillion. [source]As of March 2019, total credit card debt is $1.057 trillion, which is an average of $8,286 per household. The...
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By Kristine Mattis / 02 June 2019
Fantasy and Fatality in the Facebook Era: A Lamentation for My Father Not everything that is faced can be changed, but nothing can be changed until it is faced. --James Baldwin Seven weeks ago, my father died - abruptly, unexpectedly, and prematurely. I say that as a simple matter of fact because despite my utter heartbreak, no amount of euphemisms or platitudes will change the reality of the situation. Some people might find it odd to state that my father died prematurely... Read more
By Robert Hunziker / 02 June 2019
In August of 1987 the world came together after a panic attack over ongoing depletion of atmospheric ozone: The Ozone Hole.  Subsequently, global agreements to stop ozone depletion became the first ever “universally ratified treaties in UN history.” The world banned chlorofluorocarbons CFCs. Thereafter, an era of good feeling about ozone restoration swept the world community and 25 years afterwards Science News magazine reported: “Ozone Hole at Smallest Size in Decades” (October 26, 2012).  ... Read more
By Ellen Brown / 02 June 2019
This article is excerpted from my new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1. The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The debt is never paid off. The government just keeps paying the interest on it, and interest rates are rising. In 2018, the Fed announced plansto raise rates by 2020 to “normal” levels — a fed funds... Read more

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More Reading Recommended by GST

By Güney Işikara and Ying Chen / 18 June 2019
The fact that the living standard of wage labourers has been delinked from GDP growth has an important implication: their well-being can be substantially increased under circumstances of a constant, or even shrinking GDP. We need not be concerned with maintaining or boosting GDP growth while discussing climate action. On the contrary, revealing and emphasizing the lack of connection between... Read more
By Edward Fullbrook / 18 June 2019
Today’s economics, especially Economics 101, is a major source of humankind’s denial of the possibility of the calamity of all calamities, which our economy is engineering. Annually, millions of students around the world are forced to study textbooks that indoctrinate them into thinking that there is no significant causal connection between our economy and the ecosphere. Once upon a time there... Read more
By Farooque Chowdhury / 18 June 2019
Comrade Marta Harnecker has passed away. Comrade Marta died on June 15, 2019, of cancer in Canada. A relentless fighter, comrade Marta Harnecker (1937 – 2019) made valuable contributions in the areas of theory related to revolution for socialism in the broader Latin American perspective. Her struggle was for a humane world.
By Richard Heinberg / 17 June 2019
Our modern industrial economy traces a straight line from resource extraction to manufacturing to sales to waste disposal. Since Earth has finite resources and limited ability to absorb pollution, the straight-line economy is unsustainable; it is designed for eventual failure. Why not make the economy circular, with waste from one process feeding into other production processes, thus... Read more
By Rachel Smolker and Anne Petermann / 12 June 2019
The GE American chestnut is meant to launch us down the slippery slope of tree biotechnology. In the wings, and waiting to follow in that newly forged path are a host of other GE forest tree species, engineered for commercial industrial purposes. Natural forests meanwhile are rapidly declining, even as climate science dictates that protecting and restoring forests is a crucial part of regaining... Read more
By Shamus Cooke / 12 June 2019
After decades of neoliberal torment it’s easy to yearn for capitalism’s tranquil past, a simpler time that delivered stability, fairness, and progress.  This mythology around a golden age of U.S. capitalism is regularly conjured up by Bernie Sanders or Alexandria Ocasio-Cortez, who reference the New Deal-era programs that delivered democratic reforms and a massive investment in infrastructure.... Read more
By Countercurrents Team / 10 June 2019
Nearly one million species risk becoming extinct within decades while current efforts to conserve the earth’s resources will likely fail if radical action is not taken, says a major UN report on the impact of humans on nature. Speaking in Paris at the launch of the 2019 Global Assessment Report on Biodiversity and Ecosystem Services – the first such report since 2005 – UNESCO Director-General... Read more

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