SE News

Student Loans, 21st Century Indentured Servitude

It's Our Economy - December 17, 2017 - 7:00pm
I have seen the student loan crisis up close from both sides of this polemic. First, as an extremely young student who was “sold” the only way to get an education—in addition to joining the U.S. Army and working throughout my degree—I was able to earn my first degree.  And then later as a university professor who witnessed the student loan industrial complex rise, especially in its abetting the marketing campaigns for graduate programs from the 1990s onward.  Such marketing strategies were personalized to arouse anxiety within the public, targeting the insecurity of individuals who “only” had a Bachelor’s degree.
Categories: Friends of GEO, SE News

The American Savings Crisis, Explained

It's Our Economy - December 17, 2017 - 7:00pm
Americans are terrible at saving money. Since the 1970s, our personal savings rate has fallen from 12 percent to just 3 percent today. Almost half of all households don’t have enough money socked away to meet a $400 emergency. At least one-third of Americans live paycheck to paycheck. It’s easy to blame this on failings of individual discipline, and plenty of people do. Sen. Chuck Grassley (R-Iowa) recently griped about Americans who “are just spending every darn penny they have, whether it’s on booze or women or movies.” And there’s a whole cottage industry of personal finance scolds insisting that everyone could save massive amounts if they just had the willpower.
Categories: Friends of GEO, SE News

The Rise And Decline Of The Welfare State

It's Our Economy - December 17, 2017 - 6:00pm
Over the past forty years the working class and the rump of what was once referred to as the ‘labor movement’ has contributed to the dismantling of the social welfare state, voting for ‘strike-breaker’ Reagan, ‘workfare’ Clinton, ‘Wall Street crash’ Bush, ‘Wall Street savior’ Obama and ‘Trickle-down’ Trump. Gone are the days when social welfare and profitable wars raised US living standards and transformed American trade unions into an appendage of the Democratic Party and a handmaiden of Empire.  The Democratic Party rescued capitalism from its collapse in the Great Depression, incorporated labor into the war economy and the post- colonial global empire, and resurrected Wall Street from the ‘Great Financial Meltdown’ of the 21st century.
Categories: Friends of GEO, SE News

Populist Plutocracy and the Future of America

It's Our Economy - December 17, 2017 - 12:00pm
In the first year of his presidency, Donald Trump has consistently sold out the blue-collar, socially conservative whites who brought him to power, while pursuing policies to enrich his fellow plutocrats. Sooner or later, Trump’s core supporters will wake up to this fact, so it is worth asking how far he might go to keep them on his side. The tax legislation that Republicans have rushed through Congress could prove especially dangerous, given that millions of middle-class and low-income households will not only get little out of it, but will actually pay more when income-tax cuts are phased out over time. Moreover, the Republican plan would repeal the Obamacare individual mandate. According to the nonpartisan Congressional Budget Office, this will cause 13 million people to lose health insurance, and insurance premiums to rise by 10%, over the next decade. Not surprisingly, a recent Quinnipiac poll found that a mere 29% of Americans support the Republican plan.
Categories: Friends of GEO, SE News

FairCoop: An Alternative System Outside Of Capitalism

It's Our Economy - December 15, 2017 - 10:00am
Athens, Greece – Tools born from the internet, applied across autonomous networks and movements seeking alternatives to capitalism, are providing the infrastructure of alternative societies. In the last of our specials on community currencies and alternative economies, we showcase FairCoop, a self-organized and self-managed global cooperative created through the internet outside the domain of the nation-state. During a conference on alternatives to capitalism inside of the self-organized and squatted Embros Theater in Athens, Greece in the summer of 2017, a Catalan speaker (who remained anonymous for safety purposes) gave a presentation on FairCoop, which informed much of this reporting.
Categories: Friends of GEO, SE News

US Has Taken 70% Of World’s Wealth Gains Since 2012

It's Our Economy - December 14, 2017 - 2:00pm
America’s super-rich are taking not only from their own nation, but also from the rest of the world. Data from the 2017 Global Wealth Databook (GWD: Table 2-4) and various war reports help to explain why we’re alienating people outside our borders. From 2012 to 2017, global wealth increased by $37.7 trillion, and U.S. wealth increased by $26 trillion. Thus, largely because of a surging stock market, our nation took nearly 70 percent of the entire global wealth gain over the past five years. Based on their dominant share of U.S. wealth, America’s richest 10% — much less than 1% of the world’s adult population — took over HALF the world’s wealth gain in the past five years. 
Categories: Friends of GEO, SE News

Saving The Ecosystem With Wild Backyards

It's Our Economy - December 12, 2017 - 4:00pm
This week on Love (and Revolution) Radio, Sherri Mitchell and Rivera Sun speak with citizen scientist and master gardener Adrian Fisher about reconciliation ecology and how her neighborhood outside Chicago, IL used wild plant gardening to not only connect two wildlife preserves on either side of her, but also a bi-continental migration route for innumerable wild species.
Categories: Friends of GEO, SE News
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