Tag: economics
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Addressing the Ravages of Capitalism: An Economic Perspective
“Capitalism’s War on the Earth”: The existential challenge of a moribund socio-economic system “…capitalism has remained essentially … what it was from the beginning: an enormous engine for the ceaseless accumulation of capital, propelled by the competitive drive of individuals and groups seeking their own self-interest in the form of private gain. Such a…
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How Economists Tricked Us Into Thinking Capitalism Works
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In fact, the political economist Eleanor Ostrom actually won the Nobel Prize in Economics in 2009 for disproving the long-held belief known as the “tragedy of the commons,” a theory which held that resources held in common by communities would naturally be overused and depleted. Ostrom’s work demonstrated that this assumption is false, and that it…
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Degrowth: A Call for Radical Abundance
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One of the core claims of degrowth economics is that by restoring public services and expanding the commons, people will be able to access the goods that they need to live well without needing high levels of income.
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Misleading Unemployment Numbers and the Neoliberal Ruse of “Labor Flexibility”
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An admirable corrective to the economic 'happy talk' coming out of the Trump regime.
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Venezuela’s Economic Crisis: Does It Mean That the Left Has Failed?
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Mark Weisbrot discusses the current economic problems facing Venezuela, suggests possible solutions, and debunks disinformation regarding the situation.
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Wilderness areas more often a boon, not drag
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Wildland preservation is motivated by a variety of ethical, biological, cultural, and recreational concerns. Rarely are efforts to protect wildlands motivated by an interest in promoting economic growth. Those working on wildland preservation have been forced to take up the issue of local economic impacts because those supporting commercial development of those wild natural landscapes…