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2016 Crash Begins – This Time Isn’t Different

2016 Crash Begins – This Time Isn’t Different
Global stock markets from Japan to China to the European Union to the United States opened the new year this morning with declines. Economists have been predicting that 2016 will be the year when the charade ends. Stocks cannot continue to rise when there is nothing underneath them but hot air. Tyler Durden lays it out below. Jan. 4, 2016 By Tyler Durden in Zero Hedge. [Above photo: "A woman takes a nap as a man looks at an electronic board ... Read more

The Brilliant Simplicity of a Guaranteed Minimum Income

The Brilliant Simplicity of a Guaranteed Minimum Income
The working poor need more money. “But retail stores can’t raise wages very much—their profit margins are too small,” say conservatives. Aha—but there is a solution! By Hamilton Nolan for The Gawker All types of people across the political spectrum agree that people who work hard should not have to live in poverty. Movements like The Fight for 15 have focused on raising the incomes of the lowest-paid workers by forcing low-paying industries ... Read more

Central Banks Out of Control

Central Banks Out of Control
Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the announcement that the U.S. Federal Reserve had hiked interest rates for the first time in nearly a decade in New York, December 16, 2015. | Photo: Reuters By Jack Rasmus for TeleSur On Dec. 16, 2015, the U.S. central bank, the Federal Reserve raised short term interest rates. The move ended more than seven years during which the Fed kept rates at a near zero ... Read more

Key Concepts of the Solidarity Economy

Key Concepts of the Solidarity Economy
This article was written in 2010, but it is completely relevant today and it provides an excellent history and description of the Solidarity Economy. By Ethan Miller and published in Kawano, Emily and Tom Masterson and Jonathan Teller-Ellsberg (eds). Solidarity Economy I: Building Alternatives for People and Planet. Amherst, MA: Center for Popular Economics. 2010. People across the United States and throughout the world are experiencing the ... Read more

What is the Sharing Economy?

What is the Sharing Economy?
I’m frequently asked to define the Sharing Economy and decided it was high time to pen the definitive answer. A clear definition is needed not only for purposes of clarity and to enable meaningful discussion, but also to provide a precise aim and direction to those working to enable, foster and create a Sharing Economy. By Benita Matofska, Chief Sharer, The People Who Share The Sharing Economy is a socio-economic ecosystem built around the ... Read more

Basic Income Week: ‘A Safety Net For Life’

Basic Income Week: ‘A Safety Net For Life’
By Staff of Basic Income Week. Note: There are organizations working on creating a Basic Income in the United States. WIth the advent of globalization sending jobs overseas for low wages and robotics, which will replace most jobs in the near future, see this video, it is important that a Basic Income become part of the political debate in the United States. Visit: Basic Income Action and theUS Basic Income Gaurantee Network to learn more and ... Read more

Is Obama Playing Right Into the Hands of America’s Elite With a Trade Pact That Could Exacerbate Problems in Impoverished Communities?

Is Obama Playing Right Into the Hands of America’s Elite With a Trade Pact That Could Exacerbate Problems in Impoverished Communities?
Ever since the beginning of his presidency, Barack Obama assured voters that middle class economics were one of the key pillars to his political platform. So now the public has been left scratching its head in confusion as the president’s controversial Trans-Pacific Partnership (TPP) bill seems to be blatantly pandering to America’s wealthy and elite. By Taylor Gordon in AtlantaBlackStar Of all the national demonstrations that have erupted ... Read more

Life in a ‘Degrowth’ Economy and Why You might Actually Enjoy It

Life in a ‘Degrowth’ Economy and Why You might Actually Enjoy It
What does genuine economic progress look like? The orthodox answer is that a bigger economy is always better, but this idea is increasingly strained by the knowledge that, on a finite planet, the economy can’t grow for ever. What is a steady-state economy? Why it is it desirable or necessary? And what would it be like to live in? By Samuel Alexander in TheConversation.com (October, 2014) The global predicament We used to live on a planet ... Read more

Argument For Energy Nationalization

Argument For Energy Nationalization
The Bayway refinery, the site of extensive environmental damage, and the subject of a legal battle between Exxon and the state, in Linden, New Jersey, February 27, 2015. A long-fought legal battle to recover $8.9 billion in damages from Exxon Mobil for the contamination and loss of use of more than 1,500 acres of wetlands, marshes, meadows and waters in New Jersey has been quietly settled by the state for around $250 million. (Angel ... Read more