Insight and inspiration in turbulent times.
Americans’ long-term savings in stocks, bonds, pension, life insurance, and mutual funds total about $30 trillion. But not even 1 percent of these savings touches local small businesses, the source of half the economy’s jobs and output. Is it possible to beat Wall Street’s 5 percent long-term performance by investing in your community? The answer is a resounding yes!
The twilight of cheap abundant energy is in many ways the dominant theme of global politics in our time, but another factor is coming to play an important role as well — the waning of America’s global empire. Impolite as it may be to mention the relation between America’s gargantuan military budgets and global network of bases, on the one hand, and the vastly disproportionate share of the world’s energy, materials, and industrial products Americans receive, on the other, the reality of America’s empire and the course of its decline have to be factored into any sense of the future ahead of us, and to do that, the nature of empire as a social, political, and economic reality has to be explored.
A group of farmers in northwest Texas began 2012 under circumstances their forbearers could scarcely imagine: they faced a limit on the amount of groundwater they could pump from their own wells on their own property.
When the new Italian Prime Minister, Mr. Mario Monti, gave his acceptance speech to the Italian Senate before Christmas, he used the word “growth” 28 times and the word “energy” – well, zero times. Why would this supposed technocrat neglect even to mention the biophysical basis of the world’s economy? Energy, after all, is at the heart of industrial growth society: industrial production, our cities, our transport systems, our buildings and infrastructure, food and water flows, the internet – they all critically depend on oil and gas.
We are seeing today the first widespread global popular uprising in history that shares a name-tag and an idea: an end to corporate greed, extreme socio-economic inequality and, by deduction, the capitalist system in general. This performance on the world stage is wrestling with notions of publoid space and the challenge of ‘scaling up’.
In this essay I argue that the rapid decline of Greece’s health system –and socioeconomic conditions throughout the nation- is proximately due to a fiscal/economic crisis that political and financial leaders have chosen to address by imposing draconian austerity measures upon most of the Greek people so as to: a.) protect the wealth, status and power of dominant elites, and b.) shield and resuscitate a moribund financial system. The distal cause of the deterioration of Greece’s health system, however, lies in reaching the earth’s physical limits to perpetual economic growth. Therefore, attempting to restart growth –the taken-for-granted panacea- is not working and the case of Greece demonstrates that “austerity” has pernicious costs.
Call me nerdy, but I think planning and zoning is fascinating. Give me a project proposal or zoning code, and I gladly immerse myself in land use regulations, zoning jargon and mapping. So when the Boston Redevelopment Authority and the Mayor’s office held a kickoff and visioning meeting to rezone Boston for urban agriculture on Monday night, I was sitting front row, pencil in hand!
– The rising global protest movement: job insecurity and the “precariat” (Dr. Standing interview)
– NYT: Occupy Movement Regroups, Preparing for Its Next Phase
– We’re More Unequal Than You Think
– Punishing Protest, Policing Dissent: What is the Justice System For?
We’d like Obama to come clean and tell it like it is: There is a fundamental trade-off between economic growth and environmental protection.
Maybe the truth about economic growth and environmental protection doesn’t make for an easier choice between the two, but what kind of a choice can be borne of a lie?
The U.S. Justice Department has unveiled a record mortgage settlement with the nation’s five largest banks to resolve claims over faulty foreclosures and mortgage practices that have indebted and displaced homeowners and sunk the nation’s economy. While the deal is being described as a $25 billion settlement, the banks will only have to pay out a total of $5 billion in cash between them. We speak to one of the settlement’s most prominent critics, Yves Smith, a longtime financial analyst who runs the popular finance website, “Naked Capitalism.”
On February 6, journalist and activist Chris Hedges wrote a searing article on the Black Bloc. Occupy theorist David Graeber wrote an open letter in reply.
The Black Bloc first appeared in the 80s and has been with demonstrations across the world ever since. The Black Bloc is a tactic, whereby black-clad individuals wearing hoods and masks appear in the midst of a demonstration to trash stores, break windows, etc.
Not involved with Occupy? It’s still important. Occupy is a wild card which could break through the stalemate on energy, climate and politics which bedevils the United States. It could also fizzle out. Or it could take a dark direction, as did some of the radical politics in the 1970s.
– Portland, the US capital of alternative cool
– Are electric or hybrid cars a green marketing myth, or a real solution?
– Is This the Most Beautiful Street in the World?
– Voices from the previews of ‘In Transition 2.0′ (video)
– When the Transition Movement & the Community Rights Movement Start Collaborating, Watch Out!
