Topic: Labor / Economics
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Native Hemp Farming, opportunity to lead new Green Revolution
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A hemp plot constitutes a carbon sink: Because the plant grows quickly (up to 12 feet in four months), it absorbs huge quantities of carbon, offsetting greenhouse gas emissions that cause destructive climate change. More than that, the plant can replace carbon-intensive materials used in manufactured products ranging from plastics to concrete, creating…
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Doughnut Economics Boots Capitalism Out!
The rapid rise of Covid-19 has spawned a renaissance in socio-economic thinking about the best way to face the future, as mayors of cities throughout the world search for answers in the face of declining revenues while society demands more urgent help. Eureka! Amsterdam, the Venice of the North, discovers doughnut economics. With a click…
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The Science of Lethality
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The geographical scope of the US military is larger than the world, as even without the “Space Force” the militarization of space has proceeded apace. On this earth, there is its division into “commands.” We must not forget the US continental sprawl of bases, training grounds, bombing ranges, and oceanic military preserves, and similar uses…
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If This Era of Automation Mirrors the Past, We’re in Trouble
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“but to the degree that large industry develops, the creation of real wealth comes to depend less on labour time and on the amount of labour employed than on the power of the agencies set in motion during labour time, whose ‘powerful effectiveness’ is itself in turn out of all proportion to the direct labour…
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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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The Fed Protects Gamblers at the Expense of the Economy
Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades. Under the Federal Reserve Act, the central bank’s lending window is open only to licensed depository banks; but the Fed is now…
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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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French Strike: Electricity Workers Light Poor Homes On Christmas, Cut-Off Power To Police And Big Business
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There is no “Christmas truce” for the workers of the Electricity Company of France (EDF) who are on strike. Workers are reconnecting service to poor families and lowering the price of tariffs to popular sectors, while cutting off power to police stations, intendancies and large companies.
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Paul Volcker’s Long Shadow
Former Federal Reserve Chairman Alan Greenspan called Paul Volcker “the most effective chairman in the history of the Federal Reserve.” But while Volcker, who passed away Dec. 8 at age 92, probably did have the greatest historical impact of any Fed chairman, his legacy is, at best, controversial. “He restored credibility to the Federal Reserve at…
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Permafrost Hits a Grim Threshold
For tens of thousands of years the Arctic’s carbon sink has been a powerful dynamic in functionality of the Earth System. However, that all-important functionality has been crippled and could be permanently severed. According to new research based upon field observations conducted from 2003 to 2017, a large-scale carbon emission shift in the Earth System…
