Category: Economy

Nov 06

Economic Development: A Money Hole

Recently Amazon decided to open a second headquarters away from Seattle and started a bidding war among US and Canadian cities. The company is spending over $5 billion dollars on this campaign which also includes a list of demands. So far their have been 238 cities offering a variety of incentives to entice the retail …

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Apr 26

Groundhog Day

“Groundhog Day,” one of ek hornbeck’s favorite movies, is about a man caught in a time loop doomed to repeat the same day over and over until he examines his life and changes. Like Bill Murray’s character in the movie the US seems to be unable to move on from the bad tax policies that …

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Mar 08

International Women’s Day March 8, 2017

On March 8 in 1911, International Women’s Day is launched in Copenhagen, Denmark, by Clara Zetkin, leader of the Women’s Office for the Social Democratic Party in Germany. International Women’s Day (IWD), originally called International Working Women’s Day is marked on the 8th of March every year. It is a major day of global celebration …

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Nov 22

The Insanity Will Continue

The majority who didn’t vote for the psychopathic narcissist are going to have to sit through another round of voodoo economics, also known as trickle down economics. From one of my favorite reality based news sites, The F@#*king News. GOP Readies Sweeping Jobs Plan To Create Millions of New, Angry Trump Voters By Sweeping Away …

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Aug 09

From Sheer Lunacy Back To Just Insanity

After a disastrous week the GOP presidential candidate, alleged billionaire, Donald Trump introduced his economic advisors, a veritable who’s who of what’s wrong with the US economy as pointed out by economist RJ Eskow. Trump’s team isn’t just monochromatic and male. At least four, and perhaps as many six, of the men are billionaires. They …

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Jul 13

Is That All There Is?

Recognizing that wages in America have been stagnating for years, JP Morgan Chase CEO Jamie Dimon announced that the bank was giving 18,000 of its lowest waged employees a 20% pay raise. Now, that sounds really generous except when you looked at the details and realize just how laughable it is. In a vain glorious …

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Jul 01

The Breakfast Club (Random Acts Of Kindness)

Welcome to The Breakfast Club! We’re a disorganized group of rebel lefties who hang out and chat if and when we’re not too hungover we’ve been bailed out we’re not too exhausted from last night’s (CENSORED) the caffeine kicks in. Join us every weekday morning at 9am (ET) and weekend morning at 10:30am (ET) to …

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May 30

It’s the the Dismal Science stupid!

Socialism vs. Barbarism: Only Social Democracy Can Defeat the Right-Wing Radicalism of Donald Trump By Conor Lynch / Salon May 26, 2016 About a year after the launch of both Sen. Bernie Sanders’ and Donald Trump’s presidential campaigns, it’s easy to conclude that the anti-establishment backlash of 2016 was somewhat inevitable. The incredulity that many …

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Apr 14

Who Needs Panama When We Have Delaware

The recent release of the Panama Papers, the 11.5 million confidential documents exposing the hidden wealth of world leaders, such as Russian President Vladimir Putin and Britain’s Prime Minister David Cameron, has caused little ripple here in the US. Why? Well, who needs Panama when America’s wealthy have Delaware. States like Delaware and Nevada have …

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Apr 12

The Three Digit Number That Can Destroy Your Life

Credit Reports can be a boon or a bane for someone looking to get a job, buy a car or a house. It’s three numbers that effect your life and the government has made sure that you have free access at least once a year to check it, especially for errors. When an error on …

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Mar 08

International Women’s Day March 8, 2016

On March 8 in 1911, International Women’s Day is launched in Copenhagen, Denmark, by Clara Zetkin, leader of the Women’s Office for the Social Democratic Party in Germany. International Women’s Day (IWD), originally called International Working Women’s Day is marked on the 8th of March every year. It is a major day of global celebration …

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Aug 17

Anti-Capitalist Meetup: The Cooperative Movement vs Capitalist Domination in the Global Economy

By Geminijen

I’ve been running around to various left conferences this spring and summer and everywhere I go the cooperative movement is touted as the potential savior of the global economy. Admittedly, cooperatives are only “a grain of sand on the beach” (to use a summer metaphor)when one views the entire global economy. At this point it is also not clear that the interest in a cooperative economy is not just a desperate hope that something  – anything – can save us from total economic catastrophe as capitalism seems to be in its last throes with levels of inequality that cannot be sustained.

Do cooperatives really have the potential to be a transition to another more fully progressive economic form that can replace capitalism? Or is it – as cooperatives generally have been – a temporary safety valve during depressions which disappear or are assimilated over time or a capitalist reform as capitalism regains its footing (i.e., the mines in England, the paper plants in the Northwest United States, the electric cooperatives in the Southwest United States).

Since the cooperative movement is currently the fastest growing movement for systemic economic change it deserves an overview of what it is and where its going –which I will attempt to do, in a very limited way.

I will briefly comment on the recent changes in the cooperative movement in:

1) Venezuela which has attempted to use coops as part of its transition to socialism;

2) In the Mondragon cooperative network which applies the cooperative principles in the capitalist system;

3) In the United States because it is in the belly of the beast of capitalism and as such has special problems, and

4) In Cuba which is using cooperatives to transition away from a fully socialist economy to a more mixed economy. (I will write a separate article on cooperatives in Asia or Africa as BRIC countries have unique problems, although India has a highly developed cooperative economy and China has the most cooperatives in the world.)

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