Articles Tagged ‘Economics’

  • Trump in the Time of Trumpism

    Globalization

    Most of us don’t like to admit of this litany of the bad. Yet it lives on. Neoliberalism in recent decades has pushed things further. Thatcher famously said that there is no such thing as society. This is dangerous talk for it risks opening the door to authoritarianism, even fascism, the better to fill the void and make people, in the gaze and embrace of the leader, feel they belong.

  • Seattle wants to tax the rich so the poor can afford to live there

    USA Politics

    Seattle has the fourth-highest tax burden for families earning $25,000 among 51 other urban centres, according to a report done by the chief financial officer for the District of Columbia. It is ranked fifth in the United States for its number of millennials earning more than $350,000 a year and is home to six Fortune 500 companies.

  • Economic power to the people!

    Economic Crisis

    Sadly little known today, Robinson was a radical, defiantly outside the mainstream. She engaged the orthodoxy of her day in fiery debates, defending the core belief that the free-market profit system was no way to organize the economy and society. In this, Robinson was very much like the Marxist economists of her day, although she was explicit that she was not a Marxist.

  • The Basic Income debate

    Economic Crisis

    If BI is used to top-up low wages, then it will create incentives for employers who used to pay decent wages to reduce wages so they won’t have to compete with companies that benefit from subsidized labour and, in any case, BI will serve as a public subsidy for cheap labour strategies. That means our precious public dollars will be re-directed into the coffers of corporations, not to human needs.

  • World’s biggest coal company closes 37 mines as solar power’s influence grows

    Environment

    The largest coal mining company in the world has announced it will close 37 mines because they are no longer economically viable. Coal India, which produces around 82 per cent of India’s coal, said the mines would be decommissioned by March 2018. The closures, of around 9 per cent of the state-run firm’s sites, will reportedly save around 8,000,000,000 rupees (£98m).

  • Popular participation, not populism

    Social Movements

    A reframing is a necessary condition for gaining a popular hearing electorally. Certainly, the rightward move towards a self-satisfied consensual centre, highlighted by Mouffe, left the electoral battlefield wide open to the populist right. But breaking the constraining hold of liberalism – and a proper challenge the inequalities that feed the right –– requires a more structural reconfiguration of politics and capitalism than this.

  • Basic Income and the left: The political and economic problems

    Economic Crisis

    The discussion over BI touches on real political and economic anxieties. The attack on the social welfare state, the depreciating power of organized labour and an economy producing increasingly low-wage precarious jobs have led many to search for alternative mechanisms and policies to address these problems. It is no wonder that BI with its promise of streamlined access to minimal economic security has attracted many adherents on the Left.

  • Richard Wolff: What is capitalism? What is socialism?

    Socialism

    Definitions of capitalism and socialism vary depending on whom you ask. Above the variety of definitions pieced together from misinformation about each system, there are economic definitions we can draw from based on their usage in the past. Richard Wolff defines capitalism and socialism from an economic perspective in a video by acTVism Munich.

  • Alternatives to Capitalism: the Transition Movement meets Degrowth

    Economic Crisis

    Co-founder of the Transition Movement, Naresh Giangrande in conversation with Richard Swift, author of SOS Alternatives to Capitalism and an editor of the New Internationalist Magazine. Brought together in the Caribbean island of Dominica, with Earthbooktv’s Jessica Canham and Timothy Speaks Fishleigh at the Earthbook retreat centre in the mountains of Dominica.

  • A Brief History of Canadian Labour Woes

    Canadian Business

    In addition to a loss of union jobs, globalization also accelerated Canada’s shift from a manufacturing to a service sector-dominated nation, further weakening prospects for organizing. Much of this has to do with precarity, as non-standard work provides employers increased flexibility in scheduling, hiring, lay-offs and firing, acting as tools in employers’ arsenals to fight a drive.

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