GST Original Articles

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
By Harvey Wasserman / 20 May 2019
As the nuke power industry slumps toward oblivion, two huge reactors are shutting in Pennsylvania and Massachusetts.  The shutdowns are a body blow to atomic energy. The soaring costs of the decayed US reactor fleet have forced them to beg gerrymandered state legislatures for huge bailouts.  Just two US reactors are still being built. Stuffed with $12 billion in interest-free federal loans, Georgia’s Vogtle is nearing a staggering $30 billion in cost. Years behind schedule, the lowest... Read more
By Roger Copple / 18 May 2019
Many of the so-called spiritual people--who are into meditation, exploring higher states of consciousness or   nondualism,   psychic phenomena,  and other   spiritually transformative experiences--have the belief that if a sufficient number of people are transformed by these experiences, then that alone will dramatically improve the world.  Many have expressed the sentiment that we don’t need to think or learn about all the bad and negative things going on in the world. We don’t need to be... Read more
By Robert Hunziker / 14 May 2019
Direct democracy works like a charm. Check out Venezuela’s Communes…. Venezuela’s ubiquitous Communes are proof that direct democracy works. And, interestingly enough, those same Communes are powerful buffers to attempted coups, protecting the sanctity of direct democracy in their country. In all likelihood, John Bolton and Trump and Pence and Pompeo and Rubio were shocked beyond recognition by the failed coup attempt they helped orchestrate to overpower a democratically elected government... Read more

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More Reading Recommended by GST

By Umair Irfan / 02 August 2019
For regular flyers, air travel is often the dominant contributor to their greenhouse gas footprints. With the window rapidly closing to limit global warming to a bearable level — scientists warn that the planet has as little as 12 years to halve global emissions to restrict warming to 1.5 degrees this century — it is more critical than ever to find a way to shrink aviation’s carbon footprint.... Read more
By Doug Enaa Greene / 01 August 2019
Michael Harrington (1928-1989) was the most important advocate for democratic socialism in the United States in the latter half of the twentieth century. He is widely, and deservedly, recognized for writing The Other America, a seminal exposé of poverty in the United States. However, Michael Harrington was not simply a public intellectual but a political activist who developed a vision to... Read more
By Paul Fleckenstein / 29 July 2019
Failing to understand the systemic character of capitalism and its relation to climate change also leads to the two technologies of change McKibben advocates: the entrepreneurial potential of solar power to remake capitalism’s energy system, and the politics of nonviolent protest, not as a way to take power from rulers but as a way to change their minds. Falter leads us toward hoped-for green,... Read more
By Asad Rehman / 29 July 2019
For too long the severity and scale of the climate crisis has been deliberately understated, but October’s release of the IPCC’s Special Report on the Global Warming of 1.5°c finally sent shockwaves into the populations of rich countries. The urgent need for action was clear with the world now in ‘decade zero’, when every decision taken in the coming years will determine the extent to which the... Read more
By Kollibri terre Sonnenblume / 25 July 2019
Complaints about “capitalism” have become more common the last few years in the United States. This has been a welcome development. Anytime the collective perspective is widened, it’s beneficial to at least some degree. In a complementary way, calls for “socialism” have also become more frequent.
By Judith Deutsch / 19 July 2019
As detailed in examples below, solutions to climate change proffered since the 1960s have not worked. An implicit illogic allows for the constant expansion of destructively high greenhouse gas emitters until they can shift to renewables. Virtually ignored are three high-emitting sectors that are exempt under the Kyoto Accord, all slated for vast expansion in the coming decades and all three not... Read more
By Vijay Prashad / 19 July 2019
More than anything, Benjamin worried in these years about the fixation on growth rates and manufacturing quotas, the intensity of the belief that capitalist production could solve the problems of despair and deprivation. Revolutions, Benjamin said, should not be seen as an ever-accelerating train. ‘Perhaps revolutions are not the train ride’, he wrote in his unpublished Arcades, ‘but the... Read more

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