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An employee stock ownership plan (ESOP) enables full or partial ownership of a business by its employees through a pension plan or trust.
(Excerpts from the keynote speech given by Professor William Robinson at the Nov 18 L.A.
As the Brexit negotiations wrap up and Theresa May’s deal is lambasted by Remainers and Leavers alike, it’s still far from clear what the future holds for the United Kingdom. On March 29 2019, it is due to leave the European Union.
Our food system is linked to an economic system that is fundamentally biased against what’s good for people and the planet.
An emergency plan to meet the climate emergency
Yoga has transformed from an ancient spiritual practice into a competitive, commercialized, multi-million dollar industry. And for a practice rooted in renunciation, yoga is making some people very rich. YOGA INC. poses this question: Can yoga survive the war between the...
Physician burnout, depression, and suicide increasingly invade discussions within the medical field. Depression and suicide are more common among male and female physicians, with suicide rates 1.41 and 2.27 times greater than that of the general male and female populations...
Arthur McNeil is a formerly homeless long distance runner who raises money for shelters on cross-country runs. This film attempts to capture Arthur's story and warm character in a short documentary film. This documentary focuses on themes of homelessness, gentrification, and...
Neoliberalism transforms freedom for the many into freedom for the few. Its logical result is neofascism.
"Fascism must be seen as an episodically logical stage in the socio-economic development of capitalism in a state of crisis.” The rise of Donald Trump has brought talk of fascism to the forefront. While comparing US Presidents to Hitler is certainly nothing new -- both Obama...
A sequel to Ancient Futures, giving examples of Local Futures' systemic approach to the problems of the global economy. The 23-minute film challenges the commonly-held belief that globalization is inevitable or "evolutionary" and argues that we need to reduce the distance...
July 2018. The European media claim that the austerity cure in Greece has been successful and that peace has returned. This film proves the opposite. A musical journey, from the north to the south of Greece, among those who dream of love and revolution. 5 years after "Let’s...
In my recent essay, I argued that power in our societies resides in structure, ideology and narratives – supporting what we might loosely term our current “neoliberal order” – rather than in individuals. Significantly, our political and media classes, who are of course deeply...
I rarely tell readers what to believe. Rather I try to indicate why it might be wise to distrust, at least without very good evidence, what those in power tell us we should believe.
The US government does not represent the interests of the majority of the country's citizens, but is instead ruled by those of the rich and powerful, a new study from Princeton and Northwestern Universities has concluded. The report, entitled Testing Theories of American...
At the demise of empire, City of London financial interests created a web of secret jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and...
Caliban and the Witch is a history of the body in the transition to capitalism. Moving from the peasant revolts of the late Middle Ages to the witch-hunts and the rise of mechanical philosophy, Federici investigates the capitalist rationalization of social reproduction. She...
When kings went out of style, that impulse didn’t leave with them; it simply found a different way of manifesting.
Growing class division is destabilizing our society, argues author and philosopher Matthew Stewart in a provocative Atlantic magazine cover story. He says there's a group in between the top 0.1 percent and bottom 90 percent that plays an important role in running the economy...
After big cities like San Francisco banned businesses from using styrofoam containers, a woman from Durham, North Carolina, who was fed up with the plastic trash began her own crusade. When her efforts toward passing a local ban failed, she decided to focus on small-scale...
Redlining: the racist housing policy from the Jim Crow era that still affects us today.
At first glance, fiscal planning can seem more complex and time-consuming than it’s worth. But according to Professor Harold Pollack of the University of Chicago, you can fit all the financial advice you’ll ever really need on a single index card. Economics correspondent Paul...
Germany is one of the world’s richest countries, but inequality is on the rise. The wealthy are pulling ahead, while the poor are falling behind. [Online until: 17 September 2018]
Soul is often defined as the spiritual or immaterial part of a human being or animal.  This definition is not without its critics, as it arbitrarily stops at animals. What about plants and trees?  Do they have souls?  Indeed, it could be argued that plants and trees have some...
The American fairytale is far from enchanted. Power and wealth are concentrated in an anxious aristocracy, comprised of 10% of the population, that reigns by dividing the lower classes and pitting them against each other so that the poor turn against the poor. It’s how most...
Capital flight from Africa, especially the illicit kind, is a far larger drain on the countries of the continent than previously thought and exceeds foreign loans and investment flows. PERI’s Leonce Ndikumana discusses his research findings.
There's a world of opportunity to re-think and re-design the way we make stuff. 'Re-Thinking Progress' explores how through a change in perspective we can re-design the way our economy works - designing products that can be 'made to be made again' and powering the system with...
Green Growth is the big plan to deal with environmental damage while still growing the global economy. Can we trust it? DIY Fact Check >> #PostGrowth
The growth-driven economic model we have adopted is killing our planet.
“People in a sense are disposable. We work somebody to the point of no return, and we get rid of them and get somebody else in. It’s not a culture where people are respected, are nourished. We have to ask ourselves if that’s the kind of economic culture we are comfortable...
In this world, women are marketed as toys and trophies. Are we surprised when some men take things literally?
Every day, we are told that global economic growth will save us. But think about it: How is it possible to have infinite growth on a finite planet? #GrowthOrLife
Visit the average university campus and it is likely that the newest and most ostentatious building will be occupied by the business school. The business school has the best building because it makes the biggest profits (or, euphemistically, “contribution” or “surplus”) – as...
For those who care about peace, equality and the future of the planet, the global political swing to the right over the past few years is deeply worrying. It has us asking ourselves, how did this happen? How did populism turn into such a divisive and destructive force? How...
Let’s be honest, most people are already in favour of free movement – at least for themselves. Aisha Dodwell explains why we should extend it to everyone
Cherán is a town of some 20,000 inhabitants in the highlands of Michoacán, one of the Mexican states that’s suffered most in the drug wars of the last decade. Armed men and women — not police, but members of an autonomous militia — guard every entrance to the town, looking...
Economic theorist and author Jeremy Rifkin explains his concept of The Internet of Things. Rifkin's latest book is The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism (http://goo.gl/4estV2).
Eric Weinstein: I get asked a lot about the state of capitalism and I think that for those members of society of a certain age we think of capitalism as being locked in an ideological battle with socialism perhaps or even communism.But we never really saw that capitalism...
Colin R. Turner's informal walk-through on the topics discussed in his book Into The Open Economy. The complete four-part mini-series: I. The Problems; II. The Solution; III. The Practicalities; IV. The Transition; Please add comments and questions below.
In this video we talk to Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard D. Wolff, about the history & political economy behind the legalisation of marijuana.
Trump is a big problem. But he's not the cause of our problems.
It is impossible for any doomed population to grasp how fragile the decayed financial, social and political system is on the eve of implosion.
Retailers around the country are shuttering stores — a list that ranges from Toys R Us, which just announced it’s closing or selling all its U.S. locations, to brands including Footlocker, J. Crew and Macy’s that are shrinking their brick-and-mortar operations. But one...
The steps needed to rapidly decarbonize our economy (the only way to prevent catastrophic climate change) will never be taken in a capitalist system.
We need a new economics for the 21st century. Here are five potential pillars.
We need to practice economic disobedience so that radical alternatives can flourish.
Announcing his presidency in 2016, Donald Trump promised the nation that he’d become “the greatest job president God ever created.” His plan to accomplish this rested on a retrograde economic vision that would “make America great again,” by restoring waning coal and...
Contrary to the assumptions of left-liberal commentators, neoliberalism is not merely a bad policy adopted by “greedy” elites. It is in fact a fundamental systemic rejection of the post-laissez-faire settlement put in place in just about all of the developed capitalist...
Do you know what literally repulses me these days? Hearing about the first so and so to get accepted into the exclusive club of the aristocracy. Frankly, I don’t give a damn about the latest first black president or first woman CEO. Who cares! I don’t know how we have arrived...
Dr. Stephen Ilardi is a professor of clinical psychology and the author of The Depression Cure: The 6-Step Program to Beat Depression Without Drugs.
"The Democrats talk about the middle class. The Republicans talk about the military. No one's talking about the poor."
Peter Joseph speaks at The University of Santa Barbara, CA, Nov. 8th 2017, about the themes from his new book: The New Human Rights Movement.
This paper by David Schweickart, published alongside three others, is one of many proposals for a systemic alternative we have published or will be publishing here at the Next System Project. You can read it below, or download the PDF. We have commissioned these papers in...
On the 50th Anniversary of his death, many of MLK’s economic and radical messages are written out of history.
Humans organize themselves in groups to reach common objectives
Fifty years after Martin Luther King's assassination, the Left struggles to speak with the kind of moral clarity King exemplified — but that shouldn't stop us from trying.
In China and beyond, liberalized markets aren't fostering democracy — they're undermining it.
Beware the architects of our neofeudalism calling on the government to pay a guaranteed basic income
(The following is an excerpt from King’s book “Where Do We Go From Here: Chaos or Community” — Part 5 of chapter 5 titled “Where Do We Go”) There is only one general proposal that I would like to examine here, because it deals with the abolition of poverty within this nation...
Careful analysis reveals a number of excellent arguments for the implementation of a Universal Basic Income
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