“Time theft” is an ongoing problem of contemporary capitalism, both within the dictatorship of the workplace and in the seeming democracy of our lives outside of work.
Economist David Ruccio responds to Elizabeth Anderson and her recent article for Vox about workplace dictatorship.
"A sovereign currency issuer like the UK Government (or the US Government) has no physical limits on how much money it can create and spend. This is by definition and not a matter of opinion."
Patricia Pino explains how the UK general election exposed the ignorance of politicians and the general public around the subject of macro-economics.Read more
Our friends at Sustainable Human recently created a short video featuring Professor Wolff, where he compares capitalism to feudalism and slavery, and explains how a more democratic economic system is possible.Read more
Unmistakable signs point to the fact that the mass of US citizens are economically, socially, and psychologically in bad shape. Dr. Harriet Fraad breaks down the economic, social and emotional conditions, and how they relate to each other.Read more
What most of us have long believed about how the economy works is based on a set of fundamental myths, supported by a series of inappropriate and misleading metaphors, from which it is difficult to escape. The emotional investment we have made in these myths has allowed for levels of unemployment, underemployment, inequality and relative poverty which would have seemed incredible a generation ago.Read more
Instead of constantly focusing on the symptom, i.e. Trump and his cabal, we need to ask ourselves as philosopher Henry Giroux does, “What kind of society produces Donald Trump?” or more specifically, ‘What kind of person embraces this kind of budget?’Read more
- Reports on the failures of our existing economic system in relation to real solutions;
- Op-Eds and commentary advocating for worker-owned cooperatives and democratizing the workplace;
- Scholarly and research-based articles on the economics and political feasibility of worker-owned cooperatives;
- In-depth multimedia profiles on coops and worker-owned enterprises operating in the U.S. and abroad;
- Activist reports from d@w-Groups as well as individuals in support of worker-owned cooperatives in their communities;
- Historical essays about worked-owned enterprises and the international worker cooperative movement.
Since Governor Alejandro García Padilla of Puerto Rico announced that its debts were not payable, mainstream media has shown a great interest in the archipelago. Combine a government debt between $70 and $73 billion, a shrinking population of about 3.5 million American citizens, and a subordinate political status, this US territory is at an unprecedented moment in its history. With all the attention Puerto Rico is receiving, most people are left scratching their heads, wondering how this economic crisis came about.Read more
This article originally appeared at Truthout.org
Like all human institutions, markets have strengths and weaknesses. Born in particular historical conditions, they alter over time as conditions change, and eventually die. Just as other institutions - monarchy, slavery, empire, feudalism, tribal society...Read more