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Electricity’s Un-Natural Monopoly

Electricity’s Un-Natural Monopoly
The 21st century electricity system is radically different. The scale of electricity generation is rapidly shrinking, from coal and nuclear power plants that can power a million homes to solar and wind power plants that power a few to a few hundred nearby homes. Electricity demand has leveled off, so that every unit of new wind and solar power produced for the grid displaces a unit of fossil fuel energy. Batteries and electric vehicles ... Read more

Report: Fundamentally Unfair Tax System In Every State

Report: Fundamentally Unfair Tax System In Every State
A review of all 50 state tax systems finds: Virtually every state tax system is fundamentally unfair, taking a much greater share of income from low- and middle-income families than from wealthy families; The lower one’s income, the higher one’s overall effective state and local tax rate; In the 10 states with the most regressive tax structures the bottom 20 percent pay up to seven times as much of their income in taxes as their wealthy ... Read more

Solidarity, PA

Solidarity, PA
The first thing you notice about Reading, Pennsylvania, the small city that lies an hour and a half north of Philadelphia, is its many parks and muscular civic buildings. Mount Penn anchors the east of the city with a steeply landscaped park and a historic district of graceful homes. The Blue Mountains rise in the distance. By Abby Scher in Dissent Magazine “This is all WPA [the federal building program during the Great Depression] and the ... Read more

Disastrous Fast Track Trade Authority Must be Stopped Now!

Disastrous Fast Track Trade Authority Must be Stopped Now!
As this session of Congress gets underway, the president and corporatists in Congress are pushing to pass Fast Track as soon as possible. Fast Track, or Trade Promotion Authority as it is also called, would be a massive grant of power to the president to make and sign any trade agreement without congressional oversight. Once signed, the bill would be railroaded through Congress with no ability to amend and little time to debate. By James ... Read more

New Organization for Solidarity Economy, Postal Banking

New Organization for Solidarity Economy, Postal Banking
An expanded organization dedicated to postal and public banking, worker-owned cooperatives, debt forgiveness, and basic income will host a variety of speakers in its Spring 2015 phone conference series, according to the group’s web site. Commonomics USA, formed by veterans of the public banking, debt forgiveness, and foreclosure prevention movements, aims to “advance economic justice, reclaim the commons, and promote democratic economies ... Read more

The Crash of 2016? Wall Street Gets Ready

The Crash of 2016? Wall Street Gets Ready
In the more than six years since the 2008 Wall Street crash, nothing has been done to rein in the abuses of the parasites in pin stripes that were its cause. Another crash is inevitable. My guess is, it will come in late 2016, when the banksters have selected the candidate for president that will be as dependable an ally as the incumbent he or she will replace, as they did in 2008, to insure maximum political protection. By Mike Krauss from ... Read more

Economics Students’ Kick It Over Manifesto

Economics Students’ Kick It Over Manifesto
We, the economics students of the world, make this accusation: That you, the teachers of neoclassical economics and the students that you graduate, have perpetuated a gigantic fraud upon the world. You claim to work in a pure science of formula and law, but yours is a social science, with all the fragility and uncertainty that this entails. We accuse you of pretending to be what you are not. You hide in your offices, protected by your ... Read more

How Goldman Sachs May Provoke Yet Another Major Financial Crisis

How Goldman Sachs May Provoke Yet Another Major Financial Crisis
Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday”if they “vote wrong.” But they have been bullied for too long and are saying “no more.” By Ellen Brown. Originally posted in Web of Debt. A return to the polls was triggered in December, when the Parliament rejected Prime ... Read more

Joseph Stiglitz Blocked From SEC Panel For Criticizing Wall Street

Joseph Stiglitz Blocked From SEC Panel For Criticizing Wall Street
Nobel-prize winning economist and former Chief Economist of the World Bank Joseph Stiglitz was blocked from an SEC advisory panel for his critical views of Wall Street according to to a report from Bloomberg News. Apparently voicing any criticism of how Wall Street operates disqualifies any expert, no matter their credentials, from advising government regulators. By: DSWright  in FireDogLake In the years after the 2008 financial crisis ... Read more

The Erosion of Collective Bargaining Has Widened the Gap Between Productivity and Pay

The Erosion of Collective Bargaining Has Widened the Gap Between Productivity and Pay
To understand the growth of income inequality—and the disappointing increases in workers’ wages and compensation as well as middle-class incomes—it is crucial to understand the divergence of pay and productivity. By David Cooper and Lawrence Mishel in Economic Policy Institute Productivity growth, which is the growth of the output of goods and services per hour worked, provides the basis for the growth of living standards. Productivity and ... Read more