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robertogreco : recessions   3

Richard Wolff presents Democracy at Work: A Cure for Capitalism at the Baltimore Radical Bookfair - YouTube
"Called the leading social economist in the nation by Cornel West, Richard D. Wolff, professor of economics at the New School, host of WBAI's "Economic Update," and prominent critic of capitalism lays out his vision for a world without bosses, in which workers run their own workplaces democratically."

[More on Mondragon:
http://www.theguardian.com/commentisfree/2012/jun/24/alternative-capitalism-mondragon
http://en.wikipedia.org/wiki/Mondragon_Corporation ]
richardwolff  democracy  economics  capitalism  hierarchy  hierarchies  horizontality  labor  2012  unions  organizaedlabor  socialism  communism  inequality  history  unemployment  newdeal  fdr  socialsafetynet  society  government  taxes  taxation  egalitarianism  mondragon  spain  españa  greatdepression  greatrecession  recessions 
april 2014 by robertogreco
Britain can no longer afford to bankroll the rich | Nick Cohen | Comment is free | The Observer
"The Anglo-American model works for the few, not the many. We have yet to come to terms with how strange as well as unjust it has become.

In most recessions, societies become more equal. Unemployment may rise and wages stagnate. But the gap between the top and the rest narrows as those with the most to lose lose the most. In our time, the gap is widening, and I am tired of hearing lectures on how we can do nothing about it from supporters of the status quo, who have been wrong about everything for years.

The rise of the plutocracy is not the inevitable result of irresistible global forces. Politicians and central bankers have decided of their own free will to create a world in which the majority is left behind. I'll pass over the catastrophe of the eurozone – what is there left to say about it, after all? – and concentrate on Britain."



"The unstoppable march of the wealthy has two consequences we should talk about more. When rich parents can buy internships for their children at school auctions, the elite becomes closed to outsiders. Chrystia Freeland, an observant chronicler of the plutocracy, said last week that the political power of the top 1% will grow as inequality increases and its reactionary views will become ever more influential."



"The real charge against a future dominated by the super-rich, however, is not that it will be as asinine as Tudor Jones or that it will be cruel and immoral – although it will be all those things – but that it won't work.

Joseph Stiglitz and others have been arguing to the point of exhaustion that the working and middle classes are more likely to spend to keep the economy moving and hence to produce jobs for the abandoned young. More wealth for the wealthy generates more frequent and more severe booms and busts. This is not a future worth having but it is the future we are getting. The experience of the west since the crash has taught us that the rich are always with us. The novel question for today is: can the rest of society afford them?"
nickcohen  josephstiglitz  economics  2013  uk  us  wealth  wealthdistribution  recessions  trickledowneconomics  trickledown  disparity  inequality  plutocracy  power  politics  taxation  taxes  booms  busts 
june 2013 by robertogreco
Work on Stuff that Matters: First Principles - O'Reilly Radar
"I spent a lot of last year urging people to work on stuff that matters. This led to many questions about what that "stuff" might be. I've been a bit reluctant to answer those questions, because the list is different for everyone. I thought I'd do better to start the new year with some ideas about how to think about this for yourself. ... 1. Work on something that matters to you more than money.2. Create more value than you capture. 3. Take the long view."

[See also video interview: http://radar.oreilly.com/2009/01/work-on-stuff-that-matters-interview-tim-oreilly.html ]
timoreilly  business  economics  recessions  importance  community  work  life  productivity  startups  entrepreneurship  valueadded  sustainability  brianeno  longhere  longnow  bighere  bignow  bubbles  innovation  philosophy  principles  advice 
january 2009 by robertogreco

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