economy

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Tag archives for economy

Jubilee!

Brian Davey of FEASTA argues that we could do debt cancellation ethically, while leaving the larger financial system intact, and that OccupyEverything should focus its message on the idea of Jubilee. Instead we need a scheme with a pattern of rewards and incentives that is more appropriate to the times that we live in. This…

From David Leonhardt at the New York Times, a good, if very partial explanation of why the overall future of the US and the Global North generally doesn’t look as promising as the 30s. See if you can guess what’s missing from the article. Still, the reasons for concern today are serious. Even before the…

More Doubt About 10 Billion

From Yale Environment 360, more questions about future UN population projections: For now, we can indeed be highly confident that world population will top 7 billion by the end of this year. We’re close to that number already and currently adding about 216,000 people per day. But the United Nations “medium variant” population projection, the…

Jim Kunstler On Occupy Everything

It was interesting to me that my comments that protesting the economy without also including elements of economic protest were taken to mean “I think Occupy Wall Street is bad.” I still think that to be genuinely effective, protests of capitalism have to take into account what will replace it – and our own implication…

Perhaps the first widely read piece I wrote was entitled “Peak Oil is a Women’s Issue” and focused on the ways that an energy decline might affect women. At the time it was written (the earliest version appeared in 2004) the peak oil movement was largely a group of men, mostly geologists, oil men, a…

Ben Bernanke has the answer. It is all your fault. Then he said something new: Consumers are depressed beyond reason or expectation. Oh, sure, there are reasons to be depressed, and the Fed chairman rattled them off: “The persistently high level of unemployment, slow gains in wages for those who remain employed, falling house prices,…

Is It Getting Good To Us?

If you have to accustom yourself to the end of growth, the Onion reassures us that it won’t be too hard: 63 percent of Americans said they had come to rely upon the familiar sense of dread that came from knowing the country was quickly losing its place as an economic superpower, while 71 percent…

- The basic Rogoff/Reinhart observation that financial collapses due to asset bubbles just take a long time to work through. Given the size of the 2008 collapse, historical evidence suggests that it’s going to take five or six years to recover, and that’s that. – The Tyler Cowen “Great Stagnation” hypothesis. We’ve picked through all…

Double Dip My Aunt Fanny!

We now all know the limitations of Standard and Poor, what they missed and what they didn’t, why to blame Republicans, why to blame Obama, and that Austerity is the new watchword in the US, while rioting has taken everyone’s imagination in the UK (wow, aren’t we timely?) Most of us are worried that the…

Banks Aren’t Doing So Hot

Ilargi at the Automatic Earth has a great big picture post on the real state of financial institutions and why we may be headed back to 2008 and bank bailouts again: Using his mock portfolio, he offers a very different picture than the one you’ll get in the news: As you can see, there are…