Today’s global economic realities reveal deep fissures within mainstream economic theory. Could this be the swansong of global capitalism or the beginning of an even more aggressive phase of neo-classical economics?
Read more ...Today’s global economic realities reveal deep fissures within mainstream economic theory. Could this be the swansong of global capitalism or the beginning of an even more aggressive phase of neo-classical economics?
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This years’ World Economic Forum (WEF) in Davos, Switzerland, marks the start of the perennial capitalist meet-and-greet summit season.
The economic equivalent of the Oscars, the WEF is a time for the 0.1% to celebrate the achievements and successes of free-markets, and to discuss how to keep the crumbling ship from running ashore; it’s also a time to get in a few good runs on the slopes, deep tissue massages and a soothing hot tub session on the 99%’s dime.
Read more ...Once a rising star in the industrialized world, Ireland now has the highest per capita national debt in the world – a debt to be paid by the people, not the 1% behind the crash.
Read more at Al Jazeera: http://www.aljazeera.com/programmes/peopleandpower/2012/01/2012119847466...
Read more ...For the past eight months Chilean high school students have shut down classrooms, organized massive street protests and refused to go to school. Watch this Al Jazeera report about Latin America’s most unequal education system and what young people there are doing to fight back.
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In the grand scheme of things, capitalism is a blip. A flicker on the historical radar and a rather dangerous planetary-scale experiment whose results are easy to guess and hard to ignore. When you have a giant machine pushing for infinite and perpetual growth in a world with finite resources, you know it's not going to end well. Yet right now, for the average citizen of the West, a world without the hallmarks of capitalism – without Wall Street, the rat race, shopping malls, economic growth, debt and competitive consumerism – is almost impossible to imagine.
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Well, it seems now that besides the obvious challenges it takes to live off-the-grid, some government agencies are not having any of it. The Mason family, who chose to live self-sustainably on a neglected UK orchard, recently lost an appeal against the Mid Devon District Council's denial of their right to live on and work the land.
Read more ...Why are republicans and corporate America giving tax cuts and refunds to America's wealthiest corporations, whilst welfare families, low-income and middle class communities, teachers, children and the elderly are being asked to sacrifice basic rights and access to resources like education and medicaid? Bernie Sanders in this video calls us to action by addressing the broken economic system that is American corporate politics.
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There is a profound blindness regarding the very nature of what ought to constitute relevant knowledge. According to the ruling dogma, relevance increases with specialization and abstraction. However, a minimum of knowledge about knowledge teaches us that the most important factor is contextualization.
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