Economy

The solution is simple. Don’t believe in pieces of paper with scribbles on ’em and start sharing!

Common Known-False Economic Assumptions

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People are Bayesian equation solvers (the entire argument for market outcomes rests upon this known-false assumption). Money is just a medium of exchange (money is inherently political because it can buy others, thus, the political power money of money is intentionally-hidden by economists). Energy is just a commodity (the production function only assumes capital and…

In The Box: The Man Who Won a Nobel Prize for Helping Create a Global Financial Crisis

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James R. Crotty, Guest Blogger Eugene Fama just received a Nobel Prize for his contributions to the theory of “efficient financial markets,” the dominant theory in financial economics that asserts that markets work ideally if not constrained by government regulation. The fact that economic “science” teaches that unregulated financial markets work effectively helped financial institutions…

The Extraenvironmentalist – Episode 49 – Developing Breakdown

The Extraenvironmentalist – Episode 49 – Developing Breakdown

In Extraenvironmentalist #49 we speak with Dmitry Orlov about the developing systemic breakdown threatening to destroy the global credit system. Dmitry describes his view of the mortal blow to globalized trading and discusses ideas of how society would transform after it evaporates. We ask Dmitry about those who may be best prepared for the financial…

Basic Income, a new human right

Basic Income, a new human right

Basic Income should be universal, individual, unconditional and high enough to ensure a dignified existence and participation in society. This new fundamental right for humanity, not only would eradicate misery, it is also a way to develop non-market oriented work: such as artists, parents and volunteers. But it’s also an economic measure! A basic income…

BREAKDOWN: A Convalescent Collapse

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By Joshua Headley / Deep Green Resistance New York Talking about collapse can prove to be quite alienating. Most people quickly denounce those of us who start these dialogues as “alarmists” in an attempt to nullify all arguments and keep us safe from all evil and depressing thoughts. An obvious reason to dismiss talk of…

Sharing vs. Trading – Which System Seems Fairer To You?

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Sharing:  Sharing is when resources are distributed according to their relative value to different people. In a system based on sharing a person who is starving will value food more highly than someone who is not and will therefore be more likely to have food shared with them. Trading:  Trading is when resources are distributed…

Bitcoin – finally, fair money? Nope.

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Systematic enmity of interests, exclusion from social wealth, subjection of everything to capitalist growth – that is what an economy looks like where exchange, money and private property determine production and consumption. This does not change if the substance of money is gold or Bitcoin. This society produces poverty not because there is credit money…

The Climate Question: Degrees of Change

The Climate Question: Degrees of Change

Climate Change has become one of the biggest, most complex issues of our time. And the warnings from some of the world’s leading scientists are getting louder. But sceptics remain. Despite the data, many are unconvinced the science is on target. So we ask: is climate change man-made and, if so, what can we do…