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Stories about Labor and Economics.
The Science of Lethality
By:
Joan Roelofs
Topic:
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 of US colonies. There are US bases in over 160 foreign lands.
If This Era of Automation Mirrors the Past, We're in Trouble
By:
Thor Benson
Topic:
“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 time spent on their production, but depends rather on the general state of science and on the progress of technology…labour no longer appears so much to be included within the production process; rather, the human being comes to relate more as watchman and regulator to the production process itself…as soon as labour in the direct form has ceased to be the great well spring of wealth labour time ceases and must cease to be its measure…”
Karl Marx
The Grundrisse
Addressing the Ravages of Capitalism: An Economic Perspective
By:
Charles Posa McFadden and Karen Howell McFadden
Topic:
“Capitalism’s War on the Earth”: The existential challenge of a moribund socio-economic system
The Fed Protects Gamblers at the Expense of the Economy
By:
Ellen Brown
Topic:
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 pouring billions of dollars into the repo (repurchase agreements) market, in effect making risk-free loans to speculators at less than 2%.
How Economists Tricked Us Into Thinking Capitalism Works
By:
Robert R. Raymond
Topic:
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 is in fact very possible for resources to be managed collectively without privatization.
French Strike: Electricity Workers Light Poor Homes On Christmas, Cut-Off Power To Police And Big Business
By:
Salvador Soler
Topic:
There is no “Christmas truce” for the workers of the Electricity Company of France (EDF) who are on strike.
Paul Volcker’s Long Shadow
By:
Ellen Brown
Topic:
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.
Permafrost Hits a Grim Threshold
By:
Robert Hunziker
Topic:
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 has occurred.
Cuban Workers Celebrate Salary Rise From New Economic Measures
By:
Helen Yaffe
Topic:
‘Today is Cuban workers’ day!’ a Cuban friend told me in late June, beaming at the news that all employees of the island’s ‘budgeted’ state sector would receive significant salary rises, commencing from 1 July 2019. Cuba’s budgeted sector incorporates organisations and entities which operate with a state budget and mostly provide services free to the population without returning revenue to the state. This includes public health , education, culture and sport, public administration, community services, housing and defence.
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