Tag Archives: investment

How did our financial system become so undemocratic?

How did our financial system become so undemocratic?
Our financial destiny does not have to be governed solely by the interests of Wall Street. As we limp from crisis to crisis spurred on by the logic of “high risk, high reward” and the technocratic jargon of modern portfolio theory, it would serve us well to remember that, in addition to building wealth for the working class through pension plans, organized labor was also able to direct the power of finance through democratic means. Not ... Read more

The People’s Bank

The People’s Bank
To many Americans, of course, the idea that state governments should be running banks—that they can run them better—is anti-capitalist blasphemy. But in conservative North Dakota, the bank is so well established and popular that former U.S. Senator Kent Conrad, who’s 64, says he can’t remember a time when anyone seriously challenged it. Now, across the country, some policymakers and community groups want to follow North Dakota’s lead. Since ... Read more

UN: Only Green Technology Can Avert ‘Planetary Catastrophe’

Environmental News Service” July 5, 2011 NEW YORK, New York, July 5, 2011 (ENS) – Humanity is near to breaching the sustainability of Earth, and needs a technological revolution greater and faster than the industrial revolution to avoid “a major planetary catastrophe,” warns a new United Nations report. “The World Economic and Social Survey 2011: The Great Green Technological Transformation,” published ... Read more

The Final Days of Coal

By Lester Brown Earth Policy, June 28, 2011 During the years when governments and the media were focused on preparations for the 2009 Copenhagen climate negotiations, a powerful climate movement was emerging in the United States: the movement opposing the construction of new coal-fired power plants. Environmental groups, both national and local, are opposing coal plants because they are the primary driver of climate change. Emissions from ... Read more

China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho

The American Dream June 2011 Thanks to the trillions of dollars that the Chinese have made flooding our shores with cheap products, China is now in a position of tremendous economic power. So what is China going to do with all of that money? One thing that they have decided to do is to buy up pieces of the United States and set up “special economic zones” inside our country from which they can continue to extend their economic ... Read more