Articles about Money & Economics
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The Abolition of Work
No one should ever work. Work is the source of nearly all the misery in the world. Almost all the evil you'd care to name comes from working or from living in a world designed for work. In order to stop suffering, we have to stop working. That doesn't mean we have to stop...
How Worker Co-ops Are Moving Beyond Capitalism
The explosion of worker cooperatives in recent years has social justice organizers talking. Transitioning to a people-powered economy will require the work of many different social movements and worker co-ops have come to the center of the conversation due to their ability to...
From Graduation to Garbage Job (literally): One Twentysomething's struggle
 
The Oceans Are Not Worth $24 trillion
Some things are beyond measure and beyond price. No amount of money is enough to compensate for the loss of the sacred. In case you were wondering whether the oceans are worth protecting, the World Wildlife Fund has helpfully put a monetary value on them: $24 trillion. No...
The Asshole Factory
My good friend Mara has not one but two graduate degrees. From fine, storied universities. Surprise, surprise: the only “job” she was able to find was at a retail store. Hey—it’s only minimum wage, but at least she’s working, right? And at a major-league, blue-chip company...
Beyond Capitalism and Socialism: Could a New Economic Approach Save the Planet?
To avoid social, environmental and economic collapse, the world needs to move beyond the standard choices of capitalism or socialism. That’s the conclusion of a new report released Wednesday by US think tank Capital Institute. The non-partisan think tank argues that both...
Neoliberalism Is Not an Institution, But Rather a Paranormal Activity (Completely Normalized and Legally Ratified)
Believe you me, neoliberalism is not an institution, but rather a paranormal activity (completely normalized and legally ratified) which operates both in and outside ourselves. This is how it directs our behaviors, those we impose upon ourselves and those we project onto...
The Battle to Control the 3D Printing Revolution: DIY or CIA?
Scientific and technological innovations have the power to fundamentally transform human civilization as new possibilities previously deemed impossible are made realities. However, it is not the technologies themselves that dictate the nature of the political, economic or...
What's Happening In Baltimore Didn't Just Start With Freddie Gray
This week's chaos on the streets of Baltimore has been decades in the making. Violence erupted in the city on Monday after days of largely peaceful protests over the death of Freddie Gray, a 25-year-old black man who recently died of injuries he sustained while in police...
What If Uber Were a Unionized, Worker-Owned Co-Op? These Denver Cabbies Are Making It Happen
Workers at app-driven companies like Uber don’t have the rights of full employees. But with the help of traditional unions, some are banding together into worker-owned cooperatives. Wolde Gebremariam is one of more than 160,000 people nationwide who drive their own cars for...
On the Lam with Bank Robber Enric Duran
Being underground is not a condition Enric Duran always takes literally, but one night in late January he went from basement to basement. At a hackerspace under a tiny library just south of Paris, he met a group of activists from across France and then traveled with them by...
The Anthropocene Myth
Blaming all of humanity for climate change lets capitalism off the hook. Last year was the hottest year ever recorded. And yet, the latest figures show that in 2013 the source that provided the most new energy to the world economy wasn’t solar, wind power, or even natural...
A Rogue Reporter Takes on the Masters of the Universe
The media would have you believe that it’s simply an accident that 85 people now own more than half the world’s wealth. It’s time to blow their cover. This essay is excerpted from Matt Kennard’s new book, The Racket: A Rogue Reporter vs. the Masters of the Universe, just...
Wealth Vs. Money
“There is no patent. Could you patent the sun?” The words are those of Jonas Salk, developer of the polio vaccine, speaking to Edward R. Murrow in 1955, as quoted recently in an essay by Paul Buchheit on Common Dreams. What was he thinking? Six decades later, the words...
Comic Relief Is a Bad Joke - Make Charity history!
There are many institutions in our culture and society that, for me, highlight the depth of our dysfunctionality and despair. Such institutions express the shocking degree to which a social system of artificially-created human misery has been so successfully naturalised that...
These Neighbors Got Together to Buy Vacant Buildings. Now They're Renting to Bakers and Brewers
The intersection of Central and Lowry Avenues in northeast Minneapolis is bustling. On the northwest corner is a trifecta of local businesses: A bike shop, a cooperative brewery, and a bakery, in buildings with eye-catching exteriors of rough-hewn wood and silvery porcelain...
Confronting Industrialism: If You Can't Clean It Up, Don't Make it!
Modern industrial capitalism is based on a simple premise, writes Derrick Jensen: our mother Earth is a great store of raw materials for us to pillage, and a vast trashcan for our endless volumes of waste, no matter how long-lived and deadly. How can this be changed? First we...
The Case For A 21-Hour Work Week
To save the world—or really to even just make our personal lives better—we will need to work less. Time, like work, has become commodified, a recent legacy of industrial capitalism, where a controlled, 40-hour week (or more) in factories was necessary. Our behavior is...
The Economics of Climate Change
Shifting away from an emphasis on global economic growth toward local economies provides a means to increase meaningful employment, shrink the gap between rich and poor, and tackle climate change. I assume, like any thinking person has to be, that you are alarmed by...
Why I Have Resigned from the Telegraph
The coverage of HSBC in Britain's Telegraph is a fraud on its readers. If major newspapers allow corporations to influence their content for fear of losing advertising revenue, democracy itself is in peril. Five years ago I was invited to become the chief political...
Why We Need a New Social settlement
How do we live together and relate to one another?  How can we make sure that everyone has an equal chance to lead a fulfilling and secure life?  What’s the best way to help each other when things go wrong that we cannot cope with alone?  These are just some of the...
The Breaking HSBC Scandal Reveals UK Govt Is Chief Henchman Of The Mafia Banking System
An international collaboration of media outlets have leaked HSBC files which prove the Bank has actively sought to undermine domestic tax laws by hiding more than $100bn in Swiss bank accounts – but what is truly remarkable, it the complicity of the UK government in helping...
An Anti-Capitalist Woman Invented Monopoly and a Man Got All the Credit
The surprising origins of a beloved board game In March of 1903, a single woman in her late thirties walked into the U.S. Patent Office to secure her claim to a board game she had been diligently designing in the hours she stole from her day job as a stenographer. Lizzie...
What I Learnt about Inequality after Spending Time with Some of the Richest People in the world
So what are the super-rich: are they bastards? Are they, as Hemingway put it, just like us, but with "more money”? Are they going to save us? Destroy us? Are they corporate psychopaths who've channelled their murderous impulses into making money, not serial killing? Or are...
Dangerous Delusions - 7 Interactive Infographics Challenging the Myths of the Elites
World leaders and business executives will be meeting at Davos to discuss how they want to run our economy - in their own best interests. We're led to believe that without their entrepreneurial talent that we would all be worse off than we are now. The myths of this elite...
The Martin Luther King You Don't See on TV
It's become a TV ritual: Every year in mid-January, around the time of Martin Luther King's birthday, we get perfunctory network news reports about "the slain civil rights leader." The remarkable thing about this annual review of King's life is that several years — his last...
Prophecy Delivered! Martin Luther King Jr. and the Death of Democracy
“A nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual death.” Democracy is dead. It has always been an afflicted creature - hobbling about - wounded at its very being. An enslaving...
How Is Capitalism Like a Religion?
How capitalism functions like a religion Capitalism is not a religion, but there are two broad ways in which it is like a religion. In the ways that it encourages blind belief and discourages critical thinking. In the ways that it molds and influences social and...
FairCoop: Virus of Cooperation Infects a New economy
The ‘Robin Hood of the Banks’ strikes again. This time the aim is to create a worldwide cooperative to develop and expand a new economy of the commons. Some revolutionary activists have an amazing ability to avoid the economy. We have been iron-branded with the idea that...
Black Wealth Matters
For generations, white households have enjoyed far greater access to wealth and security than their black counterparts. As protesters march through our cities to remind us that black lives matter, grievances about our racially fractured society extend far beyond...
Activists Plastered the Tube with Posters Telling People Their Jobs Are Bullshit
This morning, many sleepy, grumpy, bloated people across the country returned to their jobs for the first time since before Christmas. Some of those people in London – the country's largest hub of early morning misery – were made to stop and consider the numb feeling inside...
A Circle of Gifts
Wherever I go and ask people what is missing from their lives, the most common answer (if they are not impoverished or seriously ill) is “community.” What happened to community, and why don’t we have it any more? There are many reasons – the layout of suburbia, the...
The 6-Step Process to Wipe Out the Poor Half of America
One of the themes of the superb writing of Henry Giroux is that more and more Americans are becoming "disposable," recognized as either commodities or criminals by the more fortunate members of society. There seems to be a method to the madness of winner-take-all...
How the U.S. Can Sustainably Become the World's Top Economy Again
China has overtaken the U.S. as the world’s top economy. But in taking a few examples from China, as well as investing in jobs that stay in America and taking steps to insure economic stability for the majority of American workers, the U.S. can come out on top again. And we...
Down With Sustainable Development! Long Live Convivial Degrowth!
For anyone who recently attended the Fourth International Conference on Degrowth in Leipzig, Germany, listening in on conference talk, surrounded by the ecologically savvy, one quickly noticed that no one was singing the praises of sustainable...
7 Candidates for Corporate Rip-Off of the Year
There are so many to choose from. Every one of these selections is an act of corporate treachery that takes billions of dollars from the American people.  1. Selling Medication For Up To 100 Times More Than It's Worth  Pharmaceutical companies reap billions of dollars in...
Bernie Sanders to Colbert: "Frightening the Billionaire Class" Should Be Goal of Grassroots Movement
Appearing on Monday night's Colbert Report on Comedy Central, Sen. Bernie Sanders told the show's host that he's still contemplating how best to use his leadership skills to challenge the elite and corporate forces that are undermining U.S. democracy and destroying shared...
Where Right-Libertarianism Goes Wrong
Libertarianism is, in theory, no defender of the rich and powerful who must always be subject to market competition. As a libertarian who has engaged in countless classroom and online debates, I’ve often asked myself why other people cannot see that. However, I’ve come to...
Who Owns the Benefit? The Free Market as Full Communism
There’s a wonderful phrase for how capitalism works in the real world (I’m not sure who first came up with it, but I associate it with Noam Chomsky): “The socialization of risk and cost, and the privatization of profit.” That’s a pretty good description of what the state...
Basic Income FAQ
What's basic income? "A basic income is an income unconditionally granted to all on an individual basis, without means test or work requirement" (Basic Income Earth Network, (BIEN)). What are the benefits of basic income? Benefits include, in no particular...
"This Ain't Capitalism"
It’s a recurring theme lately that whenever one will point out suffering and generally bad stuff happening because of Capitalism, right-wing libertarian apologists will pop-up from the woodwork to point out that “This ain’t Capitalism”. They will claim that the government...
The Hidden Welfare State
The UK has two welfare states.  There is one that is reported and endlessly discussed, and another, which is rarely mentioned.  Whilst the first is suffering enormous cuts under the Tory/Liberal Democrat coalition, the other just keeps expanding. Comedian, author and...
Libertarians Should Abandon The Term "Capitalism"
Advocating liberty means opposing the use of force to restrain peaceful, voluntary exchange. But it doesn’t have to mean calling a system of peaceful, voluntary exchange “capitalism.” Some people, of course, think this is obviously what “capitalism” means. And I can’t prove...
How To Take Down Economic Inequality
The global gap between incomes, wealth and living standards is a long-standing failure of human ingenuity and purpose. But in recent years we’ve alsowoken up to the blight of economic inequality within countries, including in the UK where the problem has been growing for the...
An Invitation to Anarchism
The word “anarchist” is thrown around a lot these days. When discussing their mild disagreements over foreign policy, healthcare, tax rates, gun control, immigration, torture, or the war on drugs, it’s not uncommon for a Republican or Democrat to hurl the word at each other...
How the Not-For-Profit Model Holds the Key to Creating a People-First Economy in Balance with Nature
As businesses increasingly embrace a not-for-profit culture, an end to overconsumption on a finite planet could finally be in sight. But given the huge lobbying power of vested interests, it will remain impossible to create a truly sustainable world until the illegitimate...
Free Trade Explained In An Excellent Comic
The Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) are the latest in a long line of international free trade agreements. But why are they bad for the majority of people and the planet and what are the justifications given by...
An Awareness of How We Do Not Want to Live
There are places where you can come over a bridge and see a whole big city spread out before you. The Mystic River Bridge coming into Boston is such a place, as is the Brooklyn Bridge into Manhattan or the Golden Gate Bridge into San Francisco. Driving over one of these...
Can Civilization Survive "Really Existing Capitalism"? An Interview With Noam Chomsky
For decades now, Noam Chomsky has been widely regarded as the most important intellectual alive (linguist, philosopher, social and political critic) and the leading US dissident since the Vietnam War. Chomsky has published over 100 books and thousands of articles and essays...
Life in a 'Degrowth' Economy, and Why You Might Actually Enjoy it
What does genuine economic progress look like? The orthodox answer is that a bigger economy is always better, but this idea is increasingly strained by the knowledge that, on a finite planet, the economy can’t grow for ever. This week’s Addicted to Growth conference in...