The Art Project
October 25, 2021
There are places we go to stand, naked and vulnerable, before a higher power. Like the ATM. We make our little daily pilgrimage to the bank machine, to leave something but more often to take something. We say a little prayer for solvency. And then slide our card into the slot, and out of the machine comes a few bills into our waiting hand, like a wafer on the tongue.
Read articleRead articleSpontaneous Eruptions of Spectacular Dissent
October 22, 2021
What goes “viral”? One answer might be: “An idea whose time has come.” Things go viral when they strike a nerve. This thing I just stumbled on somehow taps into what I’m feeling right now, and that’s why I feel the irresistible urge to spread it around. It’s the most human of feelings: to share the surging emotion of rage or delight that just lit you up.
Read articleRead articleThe Robin Hood - Tax -
October 19, 2021
This idea is not new — it used to be called the Tobin Tax, after the economist James Tobin, who first proposed it in the 1970s. And it’s not fringe-y freaky: No less than the Nobel laureates Paul Krugman and Joseph Stieglitz have thrown their support behind it — not to mention Pope Benedict XVI and the Archbishop of Canterbury. The idea is this:
Read articleRead article- The Cooling of the Speculative Fervor -
October 15, 2021
So you want to “get into the market” because that’s where the real money can be made, but you haven’t been tuning in lately to the investment game. Couple things to know: Most of the players you’ll be playing against aren’t human. They’re bots: Their nervous systems are algorithms that detect fleeting price discrepancies and market patterns, and then place orders automatically. That’s okay, right? Humans played chess against computers for the fun of it and even beat them until recently, right?
Read articleRead articleThe Total Elimination - of Tax Havens -
October 12, 2021
Tax havens are the single biggest accelerant of global inequity. And most of the global banking system is in on the scam. The Panama Papers leaked in 2016 implicated 500 banks, which together had registered 15,000 shell companies with a Panamanian law firm.
Read articleRead articleThe Do or Die Fight for a New Financial - Architecture -
October 7, 2021
The global financial system is a kind of tyranny, and nothing good can happen on Planet Earth until we seriously rein it in. Until we restore value to the heart of the exchange equation, until we build a vibrant economy that rewards real innovation, one that ’s about making useful things and providing needed services — real work and real output, rather than the useless offgassing of high finance.
Read articleRead articleThe Curse of the BlackSpot
September 30, 2021
Gen. Min Aung Hlaing of Myanmar. Belarus’s Lukashenko. Assad. Sisi. MBS. These monsters lord it over millions of people, upholding their autocratic grip on power with tyranny and terror, torture and murder.
Read articleRead articleWhat is bionomics?
September 3, 2021
Maverick economics everywhere are on a rampage. They're determined to kill off all the remaining "logic freaks" ... come up with real measures of progress ... make all markets true-cost ... outlaw derivatives ... abolish flash trading ... ultimately make usury taboo.
Read articleRead articleEconomics - The Queen of the Sciences
August 20, 2021
Capitalism is in crisis. The inability of economists to deal with species extinction, resource depletion and climate change — not to mention the 2008 financial meltdown that blindsided them all — has turned the profession into, well, a bit of a joke. Economists routinely appear near the top of “least-trusted professions” polls. Ordinary people see them, more and more, as inept.
Read articleRead articleUseless Economist
August 17, 2021
Economists study and analyze poverty in their nice offices, they have all the statistics, they make all the models and are convinced they know everything. But they don’t understand poverty.
Read articleRead articleThe Structure of Scientific Revolutions
August 10, 2021
They are almost always nasty, messy, dirty affairs, very much like political revolutions. They unfold like vindictive putsches. The old guard protects its turf jealously. The dissenters are ignored, stonewalled, refused publication and tenure, ostracized and obstructed in every way.
Read articleRead articleThe New "Truth"
August 5, 2021
This is how scientific progress is supposed to happen: A theory, a paradigm, ...
Read articleRead articleWhy Don't I Care?
July 26, 2021
EACH MORNING I WAKE UP AND FIND MYSELF IN A LULL. AM I PATHETIC? AM I NOT INFORMED? CORPORATIONS DOMINATE MORE NOW THAN THEY EVER HAVE AT ANY TIME IN HUMAN HISTORY, BUT I FEEL NOTHING.
Read articleRead articleWe've Got a Revolution on Our Hands
July 19, 2021
If you look at the MeToo and BLM movements and ask Why Now? What was different this time?, it’s clear some key conditions were in place. A sort of energy had been building, an invisible rising heat that needed to meet its historical moment, and a final torch blast to get it to Fahrenheit 451.
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Industrial Farming Is a War with Nature
July 14, 2021
Industrial farming is a war with nature. It’s about killing everything so one plant can grow. “You could argue that modern agriculture has brought about the most wholesale ecocide on the planet by killing the astonishingly rich microbial life of the soil,” writes Verlyn Klinkenborg for The New York Review of Books. Scraping away layer after layer of fertile, living soil, industrial farmers since the 19th century “simply mined their way downward … until they reached the place we are now.” That is, at the barren limit of rock bottom.
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