By Jason Hickel, Jason Hickel blog
As Giorgos Kallis has put it, “capitalism cannot survive under conditions of abundance”. MMT provides an opportunity for us to create a post-growth, post-capitalist economy.
By Jason Hickel, New Internationalist
We can end poverty, right now, without any additional aggregate economic growth at all. The key here is to recognize that we don’t live in a poor world. On the contrary, we live in an incredibly rich world. Global poverty is a product not of any actual scarcity, but rather of the systematic creation of artificial scarcity.
By Jason Hickel, Jason Hickel blog
Ultimately, the voting system at the WB/IMF contributes to the perpetuation of global inequality. The system ensures that the very countries that became rich by plundering the global South during the colonial period are now, by dint of their plunder, empowered to determine the rules of the global economy in their own interests, indefinitely. Inequality begets inequality.
By Jason Hickel, New Internationalist
This is where the depravity of the New Optimist worldview becomes clear. There is nothing bold or optimistic about their vision. On the contrary, it is feeble and cowardly – a pessimistic resignation to the status quo.
By Jason Hickel, Jason Hickel blog
The debate about global poverty is important. But our collective understanding of this matter will only be served by intellectually honest and sincere engagement with the arguments at hand.
By Jason Hickel, Jason Hickel blog
One of the main reasons we are concerned about inequality in the first place is that it allows rich people to exercise power over the lives of the poor.
By Jason Hickel, Jason Hickel blog
There are two primary methods for measuring inequality - relative and absolute. In the discipline of economics, the former has become dominant by far.
By Jason Hickel, Jason Hickel blog
These geopolitical power imbalances sustain and reproduce a global class divide that has worsened since the end of colonialism. This injustice is conveniently elided by the one-hump graph, which offers a misleadingly rosy narrative about what has happened over the past half century.