A Debt Jubilee is the Only Way to Avoid a Depression | Counter Punch

Even before the novel coronavirus appeared, many American families were falling behind on student loans, auto loans, credit cards and other payments. America’s debt overhead was pricing its labor and industry out of world markets. A debt crisis was inevitable eventually, but covid-19 has made it…

How Jackson, Mississippi, Imagines a Cooperative Future | Bioneers

Cooperation Jackson is “building a solidarity economy in Jackson, Mississippi, anchored by a network of cooperatives and worker-owned, democratically self-managed enterprises.” The group’s progressive initiatives help workers in Jackson take ownership of their work and the success of their communities.

Why Universal Basic Income Could Help Us Fight The Next Wave of Economic Shocks

So, a familiar idea has once again returned: that of a universal basic income (or UBI), whereby all of us would be entitled to a regular payment from the state, enough to cover such basics as food and heating.

The Long, Weird History of Universal Basic Income—and Why It’s Back

Thomas Paine, Napoleon, and Martin Luther King, Jr., don’t have much in common at first glance. Nor do socialists and libertarians, or Finnish bureaucrats and Silicon Valley tycoons. Some policies have a habit of creating strange bedfellows, but none more so than the idea that governments should guarantee their citizens a minimum level of income

5 Economists Redefining… Everything. Oh Yes, And They’re Women-Forbes

Few economists become household names. Last century, it was John Maynard Keynes or Milton Friedman. Today, Thomas Piketty has become the economists’ poster-boy. Yet listen to the buzz, and it is five female economists who deserve our attention. They are revolutionising their field by questioning the meaning of everything from ‘value’ and ‘debt’ to ‘growth’ and ‘GDP.’

Hawaii Considers an Explicitly Feminist Plan for COVID-Era Economic Recovery

“The road to economic recovery should not be across women’s backs,” reads the first sentence of Hawaii’s Feminist Economic Recovery Plan. As states put forth dozens of recovery plans that all aim to redress the economic devastation caused by the COVID-19 pandemic, Hawaii’s remains the first and only that is explicitly “feminist.”

Humanities Graduates Are Just As Employable: Do The Sciences Really Lead To More Jobs? | The Guardian

The UK Government Wants More Students to Study Science Subjects – but employers want humanities graduates too. A report by the British Academy, published this year, shows that those taking arts, humanities and social science degrees end up in jobs in eight of the 10 fastest-growing sectors of the economy more often than their Stem graduate counterparts.

New Zealand’s Prime Minister May Be the Most Effective Leader on the Planet | Atlantic

Jacinda Ardern, the 39-year-old prime minister of New Zealand, is forging a path of her own. Her leadership style is one of empathy in a crisis that tempts people to fend for themselves. Her messages are clear, consistent, and somehow simultaneously sobering and soothing. And her approach isn’t just resonating with her people on an emotional level. It is also working remarkably well.

The Lesson Americans Never Learn | Annie Lowrey | The Atlantic

America insists on repeating this lesson over and over and over again, never really learning it: No amount of private initiative or donor generosity can or will ever do what the government can. First, individuals, nonprofits, and companies simply don’t have the resources to provide public services at scale.

In Game Theory, No Clear Path to Equilibrium | Quanta Magazine

Nash’s notion of equilibrium is ubiquitous in economic theory, but a new study shows that it is often impossible to reach efficiently. All games have a Nash equilibrium. But will players be able to reach it?

Barcelona Tells Landlords: Find Tenants Or We Will Rent Your Property As Affordable Housing

Barcelona is deploying an unorthodox strategy in a bid to increase the city’s available renting housing by forcing landlords to find tenants or else see their property being redeployed as affordable housing. Last week the city’s housing department wrote to 14 companies that collectively own hundreds of empty apartments

Every Single Person Has a Right to Housing | ALEXIS ZANGHI | Jacobin

Building a humane city should start from the premise that every person deserves a decent place to live. And the only way to accomplish that is through collective action, carried out by working-class movements.

The Neoliberal Era Is Ending. What Comes Next? | The Correspondent

Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix.

Thirty Glorious Years: Postwar Prosperity Depended On A Truce Between Capitalist Growth And Democratic Fairness. Is It Possible To Get It Back?

With the end of the Second World War, the economies of western Europe and North America began a period of spectacular growth. Between 1950 and 1973 GDP doubled or more. This prosperity was broadly shared, with consistent growth in living standards for rich and poor alike and the emergence of a broad middle class. The French call it les trente glorieuses – the 30 glorious years – while the Italians describe it as il miracolo economico.

After The Pandemic, A Revolution In Education And Work Awaits.

The reason the post-pandemic era will be so destructive and creative is that never have more people had access to so many cheap tools of innovation, never have more people had access to high-powered, inexpensive computing, never have more people had access to such cheap credit — virtually free money — to invent new products and services, all as so many big health, social, environmental and economic problems need solving.

Sustainability As A Learning Journey: Pilgrims And Apprentices

Sustainability is not a fixed state that can be achieved and then maintained forever after. Sustainability is a dynamic process of co-evolution and a community-based process of continuous conversation and learning how to participate appropriately in the constantly transforming life-sustaining processes that we are part of and that our future depends upon…

What an Anti-Racist Business Strategy Looks Like | Havard Business Review

It’s increasingly clear to many that our systems are – problematically – performing the way they were designed to. We must choose to create anti-racist systems in our companies and communities instead. We need action plans and perseverance, across sectors, to turn this moment into a lasting movement.

How a BC Indigenous Community Is Creating a Micro-economy Through Wellness

Nelson says that the circular micro-economy this project will generate is meant to instill pride in their people’s children as they look across the river and hope to one day work in the healing village.

The Urgent Case for Shrinking the Economy

Endless growth is destroying the planet. We know how to stop it. In July 1979, Jimmy Carter asked Americans to sacrifice: to consume less, take public transit more, value community over material things, and buy bonds to fund domestic energy development, including solar.

Wales’ universal basic income pilot too small – report

A Welsh government spokesman said: “The provision of a basic income to young people leaving our care system should help to reduce the challenges care leavers face. In addition, evaluation of the pilot scheme will provide valuable information about how a basic income could apply more widely.

Robinhood Says People are Tired of Warren Buffett and Charlie Munger Acting Like They’re the Only Oracles of Investing

Robinhood lashed out at Warren Buffett and Charlie Munger for criticizing its business model. People are tired of them acting like the only investing oracles, a Robinhood executive said. Both billionaire investors have accused the brokerage of treating the stock market as a casino.

Our Lives Under Capitalism Are Tragically, Maddeningly, Permanently Impermanent

Our work lives are so fissured, our ability to survive requiring such constant and Herculean efforts, that even fantastical narratives portraying the hunt for a steady job as swirling, maddening, operatically dramatic, degrading, bizarre, and never-ending feel just as real as life itself.

G7: Last Chance To Board The Green Pandemic Recovery Ship Before It Sails

Climate pledges at this week’s G7 meeting of the world’s major economies in Cornwall represent positive action, according to top environmental researchers at the University of Oxford. But, in response to the summit agenda, the climate experts call for strong leadership from the leading economies and insist the world needs to stop using fossil fuels now – if global warming is to be tackled effectively.

Redirect Harmful Subsidies To Benefit The Planet, UN Urges Governments

Billions of pounds of environmentally harmful government subsidies must be redirected to benefit nature, the United Nation’s biodiversity chief has said, before the restart of negotiations on an international agreement to set new targets for protecting nature.

Climate Crisis: Our Children Face Wars Over Food And Water, EU Deputy Warns.

Older people will have to make sacrifices in the fight against climate change or today’s children will face a future of fighting wars for water and food, the EU’s deputy chief has warned.

Does Tech Need a New Narrative? | The New Yorker.

In 2009, Marc Andreessen—a Silicon Valley entrepreneur and angel investor best known for cofounding Netscape, in 1994, at the age of twenty-two—announced that he would be starting a venture-capital firm.

Lina Khan, Prominent Big Tech Critic, Will Lead The FTC

President Joe Biden has named Lina Khan as the chairwoman of the Federal Trade Commission, giving the regulatory authority’s top spot to one of Silicon Valley’s most prominent critics.

How Apple and Nike Have Branded Your Brain

Powerful branding can not only change how you feel about a company, it can actually change how your brain is wired.

Is Remote Working Better For The Environment? Not Necessarily

Companies have a rare moment to reset working models. But climate calculations of remote v office work are complex

What Happens At Sun Valley, The Secret Gathering Of Unelected Billionaire Kings?

We are developing a private class of billionaire kings whose will is omnipotent and untouchable by any democratic force. There comes a moment in every good gangster movie when all of the villains come together in a remote hideaway to make nefarious plans.

If You Can’t Take In Anymore, There’s A Reason | Nadia Bolz-Weber

An essay on circuit breakers, empty buckets, and the shame-show of social media. I think of that fuse box often these days, because friends, I just do not think our psyches were developed to hold, feel and respond to everything coming at them right now; every tragedy, injustice, sorrow and natural disaster happening to every human across the entire planet, in real time every minute of every day.

The 32 Dangers of Collaboration | Community Media | Dr. McCormick

In all walks of life collaboration is very fashionable: as a practice, a theory, or a goal. But do we ever really think through the dangers or disadvantages of collaboration? If it really works, why does it so often encounter cultures of resistance?

Biden Moves To Restrict Noncompete Agreements, Saying They’re Bad For Workers

President Biden is making good on a campaign promise to curtail noncompete agreements. As part of a sweeping executive order, Biden is asking the Federal Trade Commission to ban or limit such agreements, which restrict where you can work after leaving a job.

How Humans Think When They Think As Part of a Group

The fancy word for it is “entitativity,” and it’s produced when people act and feel together in close proximity. We need it more, but we’re getting it less. HUTCHINS WAS ABOARD the ship to study a phenomenon he calls “socially distributed cognition,” or the way people think with the minds of others.

Japan Breaks World Record for Fastest Internet Speed

Engineers in Japan have set a new world record for fastest internet speed — and it’s so fast, you’d be able to download nearly 80,000 movies in just one second.