Are we caught in a can’t win situation between the climate and the economy?
If demand grows and we consume more goods and resources the climate suffers. If demand increases through population growth the climate suffers. If demand decreases the economy suffers.
Can we develop a world that’s not dependent on continuous growth for economic stability? Can we have an equitable world that’s not dependent on ever greater numbers of consumers?
It’s time to think about how we can live better not bigger.
Economic growth in advanced nations has been weaker for longer than it has been in the lifetime of most people on earth.
This slow growth is not some new phenomenon, but rather the way it has been for 15 years and counting. In the United States, per-person gross domestic product rose by an average of 2.2 percent a year from 1947 through 2000 — but starting in 2001 has averaged only 0.9 percent. The economies of Western Europe and Japan have done worse than that.
We’re in a Low-Growth World. How Did We Get Here? http://nyti.ms/2aIWeW5
Why were people so willing to think a tiger would change its stripes?
Of course The Drumpf is serving his own needs first. Of course he lied to those who voted for him. Of course those who voted for him were fools to believe that he would follow through on his promises to them.
He’s outsourcing our economic policy to Wall Street.
“Steve Mnuchin is just another Wall Street insider,” Senator Bernie Sanders of Vermont and Senator Elizabeth Warren of Massachusetts said in a joint statement. “That is not the type of change that Donald Trump promised to bring to Washington — that is hypocrisy at its worst.”
Trump’s Economic Cabinet Picks Signal Embrace of Wall St. Elite http://nyti.ms/2gMB0sN
It’s still hard to believe that anything but separatism, bigotry, misogyny, and small mindedness drove Trump supporters.
But it’s not hard to believe that Wall Street running our political machine makes people mad. When no one on Wall Street got punished for the recession yet most Americans felt the consequences it was an unspoken travesty. Now maybe it’s going to be dealt with.
“Are you going to return to the situation under Bush and Clinton where Wall Street wrote its own rules in the back room?” Mr. Stanley asked. “Or are you going to put forward something that constitutes a genuine alternative and that will prevent Wall Street from rigging the economy?”
How Letting Bankers Off the Hook May Have Tipped the Election http://nyti.ms/2eoC61h
I hope she truly means this. I hope it’s not just BS designed to mollify the opposition.
She wants to use tax incentives and other enticements to nudge corporations into focussing less on share price and more on “long-term investments,” in research, equipment, and workers. She said, “We have come to heavily favor the financial markets over the otherwise productive markets,” including manufacturing, “which have been pushed to a narrower place within the over-all economy while an enormous amount of intelligence, effort, and dollars went into spinning transactions.”
We need to get away from Wall Street, not let them run our country.
This article gets into what the growth in inequality looks like from the white male middle class point of view. Lately these people have been painted as deplorables, but many aren’t. If we don’t build a society that addresses their needs too then we are not going to see things get better.
He also had a narrative about his own life. It’s not the agency narrative you often find in the professional segments of society: I found my passion and steered my own ship. It’s more of a reactive, coping narrative: A lot of the big forces were outside my control, but I adjusted, made the best of what was possible within my constraints and lived up to my responsibilities.
There’s honor to that, too. Still, over the past many months speaking with people in these situations, I can’t help feeling that society is failing them in some major way, and not just economically.
Dignity and Sadness in the Working Class http://nyti.ms/2cVrd5A
The new model of globalization stood priorities on their head, effectively putting democracy to work for the global economy, instead of the other way around. The elimination of barriers to trade and finance became an end in itself, rather than a means toward more fundamental economic and social goals.
Put Globalization to Work for Democracies http://nyti.ms/2cXi1dQ
The stock market is not ‘the Economy’.
In other words, while record stock prices do put the lie to claims that the Obama administration has been anti-business, they’re not evidence of a healthy economy. If anything, they’re a sign of an economy with too few opportunities for productive investment and too much monopoly power.
Bull Market Blues http://nyti.ms/2a2SbYD