Economy/Economics

Will the IMF, FED, Negative Interest and Digital Money Kill the Western Economy?

The IMF, has been instrumental in helping destroying the economy of a myriad of countries, notably, and to start with, the new Russia after the fall of the Soviet Union, Greece, Ukraine and lately Argentina, to mention just a few. Madame Christine Lagarde, as chief of the IMF had a heavy hand in the annihilation of at least the last three mentioned. She is now taking over the Presidency of the European Central Bank (ECB).

U.S. 2020 Presidential Election: A Watershed Moment for Humankind and the Planet

The 2020 presidential election in the United States may be the most critical political event in human history. At no time in the history of global civilization have human beings faced existential crises on a global scale. Regional crises of the past 10,000 years reveal that economic regimes have often outstripped local and regional resources, but these crises remained regional in scope. Today, however, the excesses of global capitalism have driven all of humanity to the brink of ecological and civilizational collapse.

The Bankers’ “Power Revolution”: How the Government Got Shackled by Debt

This article is excerpted from my new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1.
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The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The debt is never paid off. The government just keeps paying the interest on it, and interest rates are rising.

Science Won’t Save the Planet, New Values Will

I don’t write much directly about climate collapse, even though by any measure it is by far the most important issue any of us will face in our lifetimes. And I can gauge from my social media accounts that, when I do write about environmental issues, my followers – most of whom I assume share my progressive positions – are least likely to read those blog posts or promote them.
I have to consider why that is.

Marx Still Prevents the Progress of Society

If one searches “theory of alienation” in Google, predominately Marx’s theory comes out because other theories of alienation in a political and economic level do not exist. The question is why? What is so incredible in Marx’s statement that workers get alienated from the products of their labour, which alienates them from themselves? It just does not hold much water because everyone who produces for the market gets alienated from the product at the moment of purchase.