Tom Engelhardt

Wall Street by the book

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Once upon a time, no one imagined that an American world of home ownership and good jobs, of cheap gas and cheaper steaks, would ever end.  Nonetheless, it was kneecapped over the last few decades and it’s not coming back.  Not for you or your children, no matter what happens economically. So don’t kid yourself: whether you know it or not, young as you are, you’re in mourning, too, or Occupy Wall Street wouldn’t exist. Unlike the Tea Party, however, you are young, which means that you’re also a movement of the unknown future, which is your strength.

Move Your Money: Campaign grows to divest from “Too Big to Fail” banks to local banks, credit unions

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As participants in the Occupy Wall Street movement continue protesting the record profits made by banks bailed out by taxpayer money, a group of grassroots activists are hitting America’s largest banks—including JPMorgan Chase, Bank of America and Wells Fargo—where it hurts most: the wallet. Dubbing this Saturday, Nov. 5 as “Bank Transfer Day,” activists are urging people to move their money out of the banks deemed “too big to fail” into local community banks and credit unions.

Peak oil perspective

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Aside from excursions here and there, Do the Math represents—in computer terms—a “core dump” of years of accumulated thoughts and analysis on energy, growth, and the largely unappreciated challenges we face on both short and long terms. During this queued process—with much more to come—I have made references to peak oil, but have refrained from a head-on treatment. As important as peak oil has been in motivating my quantitative exploration of life beyond fossil fuels, it seems overdue that I share my thoughts.

Narrative and science in the debate on climate change

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The remarkable success of the anti-science position on climate change is due in large part to the development of a successful narrative plot that casts scientists as evil schemers against the public. The attempts made by scientists to respond with scientific evidence to the attacks have not been a success. Recently, the work of the Berkeley Earth Surface Temperature (BEST) group has provided some further insight on the mechanisms of this conflict.

Greek debt – Nov 2

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– Kevin Drum: A Conversation About Greece
– Financial Times: Creditors can huff but they need debtors
– BBC: Greece referendum: Democracy versus the eurozone
– Kuttner: Bravo Papandreou!
– Papandreou’s gamble could pay off
– A Greek Gift to Occupy USA
– Greece: going under

#Occupy – Nov 1

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– With Generators Gone, Wall Street Protesters Try Bicycle Power
– Chris Hedges: A Master Class in Occupation
– Financial Times: Why America is embracing protest
– ‘Occupy’ Protest at St. Paul’s Cathedral in London Divides Church
– Salon: A New Declaration of Independence
– Tom Engelhardt: OWS at Valley Forge

The four horsemen

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We speak with Ross Ashcroft about his upcoming film The Four Horsemen which explains how the world really works through interviews with 23 of our planet’s leading alternative economists, Wall Street insiders and economic thinkers. Ross describes how his desire to become a farmer led him to understand the problems of international finance and how a career in the film industry provided the catalyst to create a documentary about the global economic system.

Top 5 ways to Occupy Big Oil

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Wall Street is the best immediate target for a protest against financial inequity and corporate money in politics. Now, as Occupy movements pop up across the globe, Occupiers may be interested to know that big oil companies are as guilty as big banks in buying politicians and squeezing the 99%. And since today’s fiat currency is really based on oil, any reform of finance needs to take on energy too.

Small Thinking About Small Business: A Rebuttal to Jared Bernstein

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I like and admire much of Jared Bernstein’s work, but he really doesn’t understand the case for small business. Having spent much of his professional life in the labor-funded Economic Policy Institute, Bernstein comes to most economic discussions with a visceral skepticism about small businesses generally (because many have historically supported Republican policy agendas) and a comfort with large businesses generally (because they are more likely to be unionized). He appears to be largely unaware of new small-business groups like the Business Alliance for Local Living Economies (BALLE) that favor progressive change and embrace labor rights.