Instead of buying into the World Economic Forum’s dystopian “Great Reset,” we can build an alternative system with a mandate to serve the people. This is part two to a May 4, 2022 article called “A Monetary Reset Where the Rich Don’t Own Everything,” the gist of which was that national and global debt levels are […]
The post A Reset that Serves the People (Part 2) first appeared on Dissident Voice.
The Russia-Ukraine war has quickly turned into a global conflict. One of the likely outcomes of this war is the very redefinition of the current world order, which has been in effect, at least since the collapse of the Soviet Union over three decades ago. Indeed, there is a growing sense that a new global […]
We have a serious debt problem, but solutions such as the World Economic Forum’s “Great Reset” are not the future we want. It’s time to think outside the box for some new solutions. In ancient Mesopotamia, it was called a Jubilee. When debts at interest grew too high to be repaid, the slate was wiped […]
The post A Monetary Reset Where the Rich Don’t Own Everything (Part 1) first appeared on Dissident Voice.
Kit Knightly Audio Version New Feature! A new report from the Bank of International Settlements estimates that up to 90% of national central banks are at least in the planning stages for launching a central bank digital currency (CBDC): Nine out of 10 central banks are exploring central bank digital currencies (CBDCs), and more than …
In 2009, after helping rescue the US from the Global Financial Crisis, Zhou Xiaochuan, Governor of the Peoples Bank of China, said, “The world needs an international reserve currency that is disconnected from individual nations and able to remain stable in the long run, removing the inherent deficiencies caused by using credit-based national currencies.” Zhou […]
The post Dollar’s End first appeared on Dissident Voice.
Shaun Thompson and I had a rollicking chat today on Chicago’s The Answer AM 560. We talked about the recent Supreme Court decision permitting the CIA to invoke “State Secrets” to keep its torture site in Poland secrecy. The Presidential Records Act cover-up of presidential records took a beating, along with former presidents who got […]
China criticizes NATO expansion, supports national sovereignty. It calls for both sides, Russia and Ukraine, to end the war. China restates its opposition to unilateral economic sanctions. The de-dollarization of China-Russia trade is about to increase. China is the world leader in transitioning to clean energy. The rate of urbanization slows down.
The post News on China | No. 89 first appeared on Dissident Voice.
Steve Keen’s book, The New Economics: A Manifesto (2021), offers a new path for economics, and for good reason. In his view, neoclassicism, the paradigm that rules modern-day economics, has become a serious menace: I regard Neoclassical economics as not merely a bad methodology for economic analysis, but as an existential threat to the continued […]
The post A New Path for Economics first appeared on Dissident Voice.
It is almost taken for granted, if not an article of faith, in the progressive milieu (e.g., here) that the US empire is declining. Does this hold up, or is it comfort food for the frustrated hoping for the revolution? First, it is essential not to confuse the ongoing decline of the living conditions of […]
The post Is the US Global Empire Actually in Decline? first appeared on Dissident Voice.
The pandemic-induced disruption of the global economy of neoliberal capitalism has strengthened the appeal of Modern Monetary Theory (MMT). The fundamental idea of this policy prescription is that state spending, a national budget deficit, can be used to combat recession. Raising overall demand in a given country will facilitate a recovery insofar as there is […]
