Economic growth is a delusion under a Linear Economy. Global GDP skyrocketed from $1.34 trillion to $60.6 trillion in only four decades; GDP, however, accounts for each and every economic transaction, whether it be diabetes treatment, the cleaning of oil spills, or even war. Paul Hawken exposes in Natural Capitalism that “$2 trillion of the $9 trillion [...]
The Province of Ontario is planning to implement a Basic Income pilot. The 1% loves the idea of Basic Income because it will guarantee their profits from continuing planned obsolesce and higher automation (Elon Musk: Robots will Take Your Jobs and the Government Will Pay Your Salary). The left loves Basic Income because, as always, [...]
Neoliberalism on Trial exposes how military interventions and IMF programs destroyed local industries worldwide, while providing multinational corporations with monopolies over resources, people, and markets. The purpose of Neoliberalism on Trial is to bring to bear the harmful communist-derived ideals that underpin the Neoliberal era, and to reveal how the disrespect for sovereign countries is systematically destroying [...]
By the mid 1950‘s, developing countries from all around the world had suffered over three centuries of European imperialism. Consequently after gaining independence, there was a great need for locals to use their resources and develop their industries. As a rule, economies with an impoverished and illiterate population suffers from a market equilibrium favoring imperialist [...]
As Greg Grandin argues in The Empire’s Workshop, covert operations in Iran, Guatemala, and Chile served as training grounds for covert operations and military action worldwide, leading up to the illegal invasion of Iraq. As we now know, the chances of finding weapons of mass destruction in the Middle Eastern country were virtually non-existent. In [...]
Developing countries were rapidly plunging into immense and unplayable debts during the undemocratic and fascist dictatorships of the 1960’s and 1970’s. These debts served multinational corporations in two significant ways: first, the lack of developmental forces in developing countries hampered their potential to develop their manufacturing industries, while subsidized multinational corporations flooded the local market [...]
Dictators continue to be an effective mechanism for multinational corporations to secure their monopolies due to their capacity to ban union laws and environmental laws that would otherwise increase the cost of production. Maintaining fair wages and tax rates and lowering the supply of resources through regulations would automatically decentralize the global economy, by allowing [...]
A new report by Open the Books shows that the Fortune 100 companies received a total of $1.2 Trillion in corporate welfare from 2000-2012, non-including the bailouts to auto and banking sectors issued after the 2008 recession. The report shows that the military, banking, agri-business, and oil sectors received the largest handouts. Tax & Regulate [...]
Inequality keep growing at a time when US corporations are incurring record profits. How do we fix this? On Sunday’s op-ed for the Washington Post, Summers said that changing the tax code to eliminate loopholes that benefit the rich – such as capital gains exemption, estate tax provisions, and corporate tax breaks- would help the [...]
Next month, Zero Carbon Food will start growing vegetables beneath the Northern line of the London Underground. The UK start-up will grow food next to the hundreds of restaurants that serve it. A special Eco-friendly benefit of growing produce underground is that temperature remains stable all year round, thus reducing energy use and costs. Learn [...]
