Kapital for the Twenty-First Century? | Dissent Magazine

See on Scoop.itThe Great Transition

“Despite having made some disparaging remarks early on about the savagery of the United States, it turns out that Thomas Piketty is a garden-variety social welfare democrat in the mold, largely, of the American New Deal.”

Willy De Backer‘s insight:

Brilliant critical analysis by James Galbraith of the new book of Thomas Piketty. A must-read.

See on www.dissentmagazine.org

Noam Chomsky: Ecology, Ethics, Anarchism

See on Scoop.itThe Great Transition

Chomsky talks about how indigenous peoples are trying to save the world from anthropogenic climate disruption and the havoc being wrought by ”really existing capitalist democracies.”

Willy De Backer‘s insight:

Great interview in TruthOut with Noam Chomsky.

See on truth-out.org

Now it’s the middle class’s turn to feel the employment earthquake

See on Scoop.itThe Great Transition

Christina Patterson: The brave new digital world is supposed to set us free. But if work is ‘shared’, not paid, who pays the bills?

Willy De Backer‘s insight:

Interesting insights on the future (or lack of it) of the middle classes. I like her views on "guru" Jeremy Rifkin.

See on www.theguardian.com

There’s a Class War Going On and the Poor Are Getting Their Butts Kicked | TIME

See on Scoop.itThe Great Transition

Although they say they’re concerned about inequality, economic policymakers continue to pummel low-income families and the jobless, and that’s bad for all of us

Willy De Backer‘s insight:

Time goes Marx…

See on time.com

UN Climate Chief Urges Radical Clean-Up Of Oil, Gas Industry

See on Scoop.itThe Great Transition

(Corrects paragraph 11 to “trillion tonnes” from “billion tonnes”) * Figueres says three quarters of reserves may have to stay in ground * UN wants “urgent transformation” towards greener …

Willy De Backer‘s insight:

Finally a bit more courage from the climate chief, but this message alone will not break the fossils’ resolve to keep drilling until there is no tomorrow.

See on www.huffingtonpost.com

Exxon Mobil says climate change unlikely to stop it selling fossil fuels

See on Scoop.itThe Great Transition

Oil and gas giant issues report on the risks that climate change policies could pose to the value of its assets and future profitability

Willy De Backer‘s insight:

Exxon admits it is fucking us over… let’s bring on the lawyers. Let’s organise to start court case against fossil fuel industry.

See on www.theguardian.com

Apocalyptish

See on Scoop.itThe Great Transition

“THE four horsemen of the apocalypse”: that was the disparaging appraisal by Richard Tol of the University of Sussex of a report published in Yokohama on March…

Willy De Backer‘s insight:

Despite the misleading quote from Tol at the beginning of this article, the Economist provides a great analysis of the new IPCC report. "The new assessment for the first time looks at climate change not just as a problem in its own right but as something that is merely part of an even bigger context."

See on www.economist.com

How the right sold austerity as the only economic solution

See on Scoop.itThe Great Transition

Richard Seymour: More than 30 years of neoliberalism and six years of austerity have floored us, yet the left is incapable of mounting a serious challenge to this economic orthodoxy. Why?

Willy De Backer‘s insight:

"The political possibilities have been narrowed through serial defeats of the left, the consequent incorporation of social democratic parties into the neoliberal consensus, and the transformation of state apparatus in a less democratic direction. No governing social democratic party offers a serious alternative to the austerity remedy. The diminution of practical solidarity following on from the state-led defeats inflicted on organised labour is far-reaching. Nine out of 10 private sector workplaces have never seen a union rep, let alone a picket line; the number of days lost to strike action in recent years have been, barring a relatively small spike in 2011, at historic lows. The idea of "rank and file" organisation, let alone wildcat strike action, is something seen only on the peripheries of the labour movement. Trade unions have been effectively disciplined. This is an important reason why the labour response to austerity has been so feeble."

See on www.theguardian.com

Exxon Mobil’s commitment to carbon asset risk is just the beginning

See on Scoop.itThe Great Transition

As the company bows to pressure to report on its preparations for climate regulation, campaigners want investors to recognise that extractors may be forced to leave oil and gas in the ground, write Natasha Lamb and Danielle Fugere

Willy De Backer‘s insight:

Are we on the verge of a real revolution in the oil and gas industry as the  global divestment campaign is gaining traction? Or will the fossils use their big cash piles to fight back?

 

See also http://www.greenbiz.com/blog/2014/03/24/exxon-stranded-assets-and-new-math

See on www.theguardian.com

Monetarism is the living dead of economic theory – let’s kill it off

See on Scoop.itThe Great Transition

Philip Pilkington: The Bank of England suddenly looks capable of doing what the government can’t: consigning monetarism to the past

Willy De Backer‘s insight:

Some mandatory reading for the ‘experts’ at the ECB and the European Commission.

See on www.theguardian.com

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