Trapped by Finance Capital: Business as Usual While Planet Burns. Part II: Chaos

The role of Exxon in delaying climate action over the past three decades since its executives were made aware of the consequences of global warming by its own engineers was huge. But it was made possible by the great power that the largest fossil-fuel corporation has had on the society because of its integration with … More Trapped by Finance Capital: Business as Usual While Planet Burns. Part II: Chaos

Overcoming Ideology: New Actions and New Ideas

Efforts to find a viable path to mitigating climate chaos and forging an ecologically viable economy are just not moving fast enough. They seem bogged down in struggles over old ideas and inadequate actions. Even some of the most esteemed liberal economists who are not on the corporate bandwagon have failed to escape this trap. … More Overcoming Ideology: New Actions and New Ideas

The Real Cause of Unemployment: Automated and Outsourced Over-Production

In a growth economy, new jobs are created on a regular basis because new production expands the employment base. In a shrinking economy, just the opposite happens. The U.S. and most of the industrial world have enjoyed the benefits of expanded production and employment for many decades, minus the occasional downswings of the “business cycle,” … More The Real Cause of Unemployment: Automated and Outsourced Over-Production

The Great Jobs Myth and the Transformation of the Growth Economy, Part I

A lot of congressional politicians and media pundits of both Republican and Democratic persuasion are jabbering these days about “job creation.”  The 2014 mid-term elections are fast approaching and nobody wants to be caught looking indifferent to the lack of jobs for an increasingly large numbers of Americans. Their approaches are different, of course.  The … More The Great Jobs Myth and the Transformation of the Growth Economy, Part I