New Economy

Cooperatives For Economic Justice In Black America

February 21, 2020 Staff, Money-morphosis.com Create! Black Working Class, Cooperatives, New Economy

The Freedom Quilting Bee was established in 1967 in Alabama. It is a handicraft cooperative founded by Black women in sharecropping families who needed to supplement their meager incomes, creating and selling exquisite quilts. In 1968, the cooperative bought 23 acres of land on which to build their sewing factory. They provided day care and after-school services for members’ children.

Citizen Assemblies Are Challenging The Neo Liberal Model In Chile

February 6, 2020 Juan Manuel Boccacci, Pagina 12, translation Resumen Latinoamericano, North America bureau Create! Chile, Class Struggle, Latin America, New Economy

If a Chilean was told a year ago that in a few months he would find popular assemblies in his neighborhood to give his opinion and decide on the future of his country, he surely would not have believed it. But it’s happening. October 18, 2019, marked a before and after in Chile. The social uprising that began with high school students jumping the turnstiles of the subway is now requiring new forms of organization.

The Push To Create Co-ops Is Energizing A New Generation Of Socialists

February 6, 2020 Richard D Wolff, Truthout.org Create! Cooperatives, Economics, New Economy, Socialism

On the other hand, socialism was the name adopted by Western European — and especially Scandinavian — “welfare-state” governments, which aimed to regulate markets comprised still mostly of private capitalist firms. This led many people to associate socialism with robust public spending and government intervention in the marketplace.

The “Repo” Fiasco; The Fed’s Cash Injections Send Stocks Soaring

February 5, 2020 Mike Whitney, Informationclearinghouse.info Educate! Currency, Economics, New Economy

A five-alarm fire has broken out in a little known, but critically important area of the financial system where high-quality bonds are swapped for cash. The “repo” market, which is short for repurchase agreements, is part of the nondeposit, shadow banking system that remains largely unregulated despite the fact that it was ground zero in the 2008 financial crisis.

Dear Billionaires: Pitchforks Or A Fair Tax System?

January 30, 2020 By Chuck Collins, Inequality.org Educate! New Economy, Ruling Class, Taxes

World leaders, powerful corporate executives and influential activists will come together this week at the World Economic Forum in Davos, Switzerland. At the top of the agenda is “stakeholder capitalism” – the idea that corporations should consider the interests of all stakeholders, including employees, customers and communities, not just those of their own shareholders.

Ownership Design For A Sustainable Economy

January 29, 2020 Sarah Stranahan and Marjorie Kelly, Fiftybyfifty.org Create! Environment, New Economy

What is the relationship between employee ownership and sustainable business practices? Our research, conducted with support from Partners for a New Economy, suggests the answer to this question is far from simple. While traditional public ownership almost certainly will put profits before planet, employee ownership doesn’t guarantee a firm will prioritize environmental impact.

Black Farmers Are Embracing Climate-Resilient Farming

January 26, 2020 Leah Penniman, Civil Eats. Create! Black Farmers, Food and Agriculture, New Economy

Chief Zogli looked weary as he scratched a notch in his doorpost to record the weather. “Still no rain,” he says with resignation. The chickens pecked lazily in the dust and the goats foraged for the last of the dropped grains beneath the emptying corn crib. In this rural community outside of Odumase-Krobo, Ghana, the farmers depend on rainfall as their only source of agricultural water. Zogli explains that the rainy season has been arriving later each year and ending sooner—and the thirsty crops struggle to mature. From the African continent to the Americas and across the Caribbean, communities of color are on the front lines of and disproportionately harmed by climate change. Record heat waves have caused injury and death among Latinx farmworkers and devastating hurricanes have become regular annual visitors in the Caribbean islands and coastal areas of the U.S.

The Flexibility Of The Worker Co-op Model

January 24, 2020 Wendy Keats, Cecnb.ca Create! Cooperatives, New Economy, Workers

Worker co-operatives are businesses that are owned by the employees. Workers pool their skills and resources to create a business in which they are both the owners and the employees. From the outside, worker co-ops look like any other business however on the inside they differ substantially. While profit is absolutely a goal, their bottom lines are measured in more than just financial terms. “It is not enough for a worker co-op to just make a profit.”

Manhattan: A City Of Empty Luxury Condos And Overflowing Homeless Shelters

January 24, 2020 Staff, Boingboing.net Educate! Homelessness, Housing, Inequality, New Economy

New York's luxury real-estate market has been in freefall for years, and now the city's super-luxe buildings are sitting empty -- even as property prices in the city remain stubbornly high, prompting 300 New Yorkers to move out of the city every day, and filling the homeless shelters to capacity and beyond. New York -- like most overpriced cities -- has failed to build enough low- and middle-income housing of the sort that people use to live in, and has grossly oversupplied itself with the kinds of safe deposit boxes in the sky that oligarchs use as a form of medium-term asset class, possibly without ever occupying it.

IMF Warning: Another Potential “Great Depression”

January 24, 2020 Mac Slavo, Shtfplan.com Educate! Currency, Inter-Imperialist Rivalry, New Economy

The International Monetary Fund has issued a warning that’s largely been brushed aside by mainstream media. Kristalina Georgieva, the head of the IMF, is warning that the global economy risks another “Great Depression.” What makes things worse, is that the propaganda outlets in the United States are continuing to ignore the red flags of a looming disaster. Mainstream Americans are blissfully unaware that they are unaware of what’s coming in this manipulated economy we are all forced to live under.

People In US See Economy Is Rigged For The Wealthy

January 16, 2020 By Ruth Igielnik, Pewresearch.org Educate! Inequality, New Economy, Ruling Class

The notion that the U.S. economy is “rigged” to benefit the wealthy and special interests was a major rallying cry in the 2016 presidential election and is already resurfacing in the 2020 race. This message is likely to resonate with many Americans. Seven-in-ten U.S. adults say the economic system in their country unfairly favors powerful interests, compared with less than a third who say the system is generally fair to most Americans.

Take My Benefits—Please!

January 15, 2020 By Mark Dudzic, Newpol.org Create! Health Care, New Economy, Workers Rights and Jobs

At the June 2019 House Ways and Means Committee Hearing on Medicare for All, Texas Republican Kevin Murphy lamented, “That great health care plan that your union negotiated for you? It’s gone. Banned under Medicare for All.” A right-wing congressman with a 7 percent lifetime voting score from the AFL-CIO crying crocodile tears for great union health care plans can be easily dismissed as just another absurdity of the increasingly dysfunctional American political system.

Raising The Minimum Wage By $1 May Prevent Thousands Of Suicides, Study Shows

January 13, 2020 Graison Dangor, Npr.org Create! New Economy, suicide, Wages

A new study suggests that raising the minimum wage might lower the suicide rate — especially when unemployment is high — and that doing so might have saved tens of thousands of people from dying by suicide in the last quarter century. The minimum federal minimum wage is $7.25, though many states have set it higher. Between 1990 and 2015, raising the minimum wage by $1 in each state might have saved more than 27,000 lives, according to a report published this week in the Journal of Epidemiology & Community Health.

The Progressive’s Guide To Corporate-Democrat Speak

January 13, 2020 By Richard J. Eskow, Economy for All Educate! 2020 Elections, Electoral Politics, Liberal Politics, New Economy

If you’re confused, you’re not alone. Certain words and phrases are routinely used by “centrist” political candidates. By design, these terms are imprecise, emotionally charged, and often self-contradicting. In fact, the word “centrist” is just such a term, since polling shows that the economic viewpoint of these candidates—especially regarding health care, Social Security, education and other social programs—is often well to the right of the general public.

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