Articles about Money & Economics
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Greece's Referendum: One No, Many yeses!
A victory for OXI (No) would not just help restore a sense of dignity to Greece; it would strengthen the ground for anti-austerity struggles across Europe.
An Economic Hit Man Speaks Out: John Perkins on How Greece Has Fallen Victim to ''Economic Hit Men''
John Perkins, author of Confessions of an Economic Hit Man, discusses how Greece and other eurozone countries have become the new victims of "economic hit men."
Small Loans, Big Problems: The False Promise of Microfinance
Ever since Bill Clinton and the World Bank enthusiastically embraced the microfinance concept in the 1990s, we at Local Futures have been skeptical of its benefits, seeing it...
The Global Economy's "Impeccable Logic"
Ever since the Occupy movement coined the terms “the 1%” and “the 99%” to point out disparities of wealth and power, the gap between rich and poor has received a lot of...
The IMF Has Made €2.5 Billion Profit Out of Greece Loans
Ahead of the payment of €462 million by Greece to the IMF on Thursday 9 April, figures released by the Jubilee Debt Campaign show that the IMF has made €2.5 billion of profit...
Socialism Means Abolishing the Distinction Between Bosses and Employees
Regulated private capitalism. State capitalism. Socialism. These three systems are entirely different from each other. We need to understand the differences between them to...
Worshippers of the Almighty Invisible Hand
The fantasies of a faith-based neoliberal economics laid bare
Pope's Climate Letter Is a Radical Attack on the Logic of the Market
What makes Pope Francis and his 183-page encyclical so radical isn’t just his call to urgently tackle climate change. It’s the fact he openly and unashamedly goes against...
How to Steal from the Taxpayers While Blaming the Poor
It's a vicious circle of hypocrisy: Americans dependent on the safety net are urged to "get a job" by the same free-market system that pays them too little to avoid being...
Capitalism and the TPP: A Kinder, Gentler Totalitarianism
Corporate propaganda has convinced the populace that government alone is to blame for our problems, rather than recognizing the complete fusion of corporate power and...
In the Age of Global Neoliberalism, Solutions Must Come From Below
Global capitalism is the 800-pound gorilla. The twin ecological and economic crises, militarism, the rise of the surveillance state, and a dysfunctional political system can...
IMF Report Admits IMF's Obsession with Capitalism Is Killing Prosperity
"By releasing this report, the IMF has shown that 'trickle-down' economics is dead; you cannot rely on the spoils of the extremely wealthy to benefit the rest of us."
London: It's Time for a Rent Strike
There are two types of vehicles that strike a particular fear into the heart of London's neighbourhoods: police vans and Foxtons Minis. Synonymous with gentrification, the...
10 Scholarly Critiques of Capitalism and Imperialism
1. “Capitalism is the accumulation of resources by means of exploitation in the production and sale of commodities for profit. Capitalist exploitation is an unequal exchange...
Iceland Jailed Bankers and Rejected Austerity - and It's Been a Success
Instead of imposing devastating austerity measures and bailing out its banks, Iceland let its banks go bust and focused on social welfare policies. It has now repaid 85 percent...
It's the Planet Stupid!: Capitalism and The Destruction of the Commons
There is a war going on right now between those who are working to protect the commons and the hard-core capitalists, who are working to privatize our economy, culture...
Sixteen Building Blocks of a Green, Entrepreneurial, Cooperative Economy
The transition from a capitalist to a cooperative economy could be one of the defining achievements of the 21st century.
13 Films about Post-Growth Economics
A Post-Growth economy is not only necessary for planetary survival, but will make our lives way better, too. These films explain why.
It's Counterintuitive, but Tax the Rich, Not the poor
Take some money from the wealthy, give it to the poor -- why not do it?
Basic Income: The World's Simplest Plan to End Poverty, Explained
Happy Basic Income Day? May 1st may be better known as International Workers' Day, but some activists are trying to rebrand it. "Labor Day should not be about demanding ‘more...
Voluntourist Trap: Volunteer Travel Programs Silence Critics while Luring in Record Numbers of Would-be Volunteers
On April 2, 2015, the Canadian Broadcasting Corporation (CBC) aired the documentary “Volunteers Unleashed” after a controversial reworking of the film in response to threats of...
Five Reasons Why You Never Want to Be rich
If you’re suffering from ‘affluenza’ it’s time to recognize that you’re sick.
Welcome to Marinaleda: The Spanish Anti-Capitalist Town With Equal Wage Full Employment and $19 Housing
With virtually no police, crime or unemployment, meet the Spanish town described as a democratic, socialist utopia. Unemployment is non-existent in Marinaleda, an Andalusian...
Marx Was Right
Karl Marx exposed the peculiar dynamics of capitalism, or what he called “the bourgeois mode of production.” He foresaw that capitalism had built within it the seeds of its...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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...
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...
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...
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...
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...
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...
Dangerous Delusions - 7 Interactive Infographics Challenging the Myths of the Elites
Every year world leaders and business executives meet at Davos to discuss how they want to run our economy - in their own best interests. We're led to believe that without...
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...