Economy/Economics

Are You Ready for a Guaranteed Income for All?

Image from Peterborough ExaminerThe world-wide collapsing economies and collapsing ecosystems together create such a catastrophic storm that all versions of buttoning down the hatches and weathering it out simply won’t work. The history of economy has been to tear at the earth until life itself cannot be sustained. The western addiction to profit at any cost has opened the floodgates to massive inequality, poverty and starvation across the globe.

Like a Rowboat in a Typhoon: Why 2020 Center-Right Yankee Election Outcomes are Dead in the Water

Image courtesy of our comrade Hermit

Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the center cannot hold
Mere anarchy is loosed up the world….
The best lack all conviction, while the worst
Are full of passionate intensity.
— The Second Coming”, William Butler Yeats, 1919

Wise People Know That Winning a War Is No Better Than Losing One

Liu Bolin (China), Guernica, 2016
Dedicated to Soni Prashad, 1929-2020, who spent her life looking for a better world.
US President Donald Trump and his ‘war council’ – led by Secretary of State Mike Pompeo – have amplified their aggression against China. What began as a trade dispute in the 1990s has now escalated into the United States making an existential challenge against China.

Why the US Can Keep Increasing its Debt and not Suffer Inflation (Part 2)

The US Still Dominates the World Economy
The US ruling class has dominated the planet since the end of World War II. Key elements of this control include its military superiority in nuclear and conventional weapons, and the stationing of over 900 military bases around the world. In addition, the US presides over the United Nations, the International Monetary Fund (IMF) and the World Bank. It upholds the US dollar as the global currency, and it controls much of the world’s resources, particularly oil.

Modern Monetary Theory (MMT) and the Power of the US Dollar in the World Economy (Part 1)

Modern Monetary Theory (MMT) has become popularized by some of the liberal-left because it offers an explanation how to achieve full employment, national health insurance, free college education, and the Green New Deal without raising taxes. Political leaders like Alexandria Ocasio-Cortez and Bernie Sanders have espoused MMT. Economist Stephanie Kelton, a leading spokesperson of the theory, served as chief economic adviser to Sanders during his 2016 presidential campaign.

Lockdowns, Coronavirus, and Banks: Following the Money

It usually makes sense to follow the money when seeking understanding of almost any major change. The strategy of following the money in our current convergence of crises in late summer of 2020 leads us directly to the lockdowns. The lockdowns were first imposed on people in the Wuhan area of China. Then other populations throughout the world were told to “shelter in place,” all in the name of combating the COVID-19 virus.

Screwing with the Unemployment Statistics

Unemployment benefits application line at noon running for half a block out onto the sidewalk in Brooklyn, NY (photo by Tricia Wang 王圣捷 is licensed under CC BY-NC-SA 2.0)
Something is screwy about unemployment numbers coming out of Washington.
In late July, just before the end of the supplemental $600 weekly checks for people collecting unemployment benefits, the New York Times reported that 30 million were receiving those checks.