Twelve suggestions that involve fundamental, interrelated changes in our current mythologies about economics, public policy, human rights, and human responsibilities. The suggested changes in how we think about capital and productivity would provide a rationale for changes in how we think about income, employment, prices, capitalism, property rights, finance, human rights and taxes.
In this one article Ellen Brown explains how money actually works, the problem with the crash, how alternative currencies and public banking can solve our problems.
In this brief article David Korten reviews political influences and the role of Wall Street in moving money out of the middle class and into the hands of the richest among us. “According to a United Nations University study, the richest 2 percent of world’s people now own 51 percent of all the world’s assets. The poorest 50 percent own only 1 percent.” Shocking!
Hanel describes 7 steps that lead to the economic crash. A simple clear explanation of what happened.
YES! Magazine is an award-winning, ad-free, nonprofit publication that supports people’s active engagement in building a just and sustainable world. This summer issue focus on the economy and alternatives. Particularly: Sustainable Government; and Banking for a New New Deal
America's banks are resisting efforts to regulate them. While politicians talk about their commitment to regulatory reform to prevent a recurrence of the crisis, this is one area where the devil really is in the details - and the banks will muster what muscle they have left to ensure that they have ample room to continue as they have in the past.
In default of government protections against the total economy of the supranational corporations, people are where they have been many times before: in danger of losing their economic security and their freedom, both at once. Powers not exercised by government return to the people. If the government does not propose to protect the lives, livelihoods, and freedoms of its people, then the people must think about protecting themselves. How are they to protect themselves? There seems, really, to be only one way, and that is to develop and put into practice the idea of a local economy—something that growing numbers of people are now doing.
The growth economy is failing and we have to attempt a steady-state economy. The steady state answer is that the rich should reduce their throughput growth to free up resources and ecological space for use by the poor, while focusing their domestic efforts on development, technical and social improvements, that can be freely shared with poor countries.
As the Bush administration waned, the Treasury shoveled more that a quarter of trillion dollars in TARP funds into the financial system---without restrictions, accountability, or even common sense. The authors (Barlett and Steele) reveal how much of it ended up in the wrong hands, doing the opposite of what was needed.
Hanel talks about the current economic crisis and talks about three changes we need to make. He also talks about why bank bailouts will not work.
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