Social Articles from 2018
How To Liberate America from Wall Street Rule
A Report from the New Economy Working Group
Posted June 10, 2018
In 2008, Wall Street plunged the U.S. economy into the worst crisis since the Great Depression. Wall Street received a generous public bailout and quickly recovered. Main Street continues to languish. Politicians and pundits rarely inquire into the reasons for the disparity. Doing so would expose the reality that the United States is ruled as a plutocracy, not a democracy, and would focus citizen anger on the structure of the institutional system that gives Wall Street bankers their power.
The 2008 financial crash was a direct and inevitable consequence of a social engineering experiment conducted by Wall Street interests that allowed Wall Street financial institutions to consolidate their control of the creation and allocation of money beyond the reach of public accountability. The priority of the money system shifted from funding real investment for building community wealth to funding financial games designed solely to enrich Wall Street without the burden of producing anything of real value.
The proper function of money is to facilitate the sustainable and equitable utilization of resources to fulfill the needs of people, communities, and nature. This calls for a community-based and democratically accountable system of money, banking, and finance that functions to create and allocate money as a well-regulated public utility. Such a system would be remarkably similar to the one that financed the United States’ victory in World War II, produced an unprecedented period of economic stability and prosperity, made America the world’s industrial powerhouse, and created the American middle class. More…
This report provides real solutions to the many problems we face. It attacks the root cause, rather than focusing on the symptoms. After reading this report you will have a clear road map of what needs to be done in order to bring about real change in our system.
These 25+ Cynical Illustrations Will Make You See the World Differently
by Amanda Froelich
Posted June 8, 2018
From a young age, each and every one of us was taught how the world works — or, more accurately, how it should run, according to a handful of powerful individuals who control the majority of the world’s wealth. Not until we matured and were able to perceive the world as it is, did some of us realize that it is, in fact, incredibly flawed. The “system” we are a part of, regardless of geographical location, is as jumbled and imperfect as those who attempt to influence it.
Unfortunately, the majority of the populace is blind to this reality. They live their lives baking on false security which has been sold to them in the form of college debt, a mortgage, and a 9-5 job they hate.
Life on this planet does not have to be so dismal. But, until the mass populace “wakes up,” overcomes prejudice, and demands change, nothing will. This truth can be hard to stomach which is why sometimes, it is helpful to reflect on bitter truths that afford some humor. Artwork by Italian illustrator Marco Melgrati allows us to do just that. Melgrati’s illustrations are both layered with meaning and straightforward.. More…
Seed and the Commons
by Helene Schulze
Posted June 7, 2018
Global seed reserves are under serious threat. The recent ‘Baysanto’ merger is just another indication of the systematic consolidation of the seed market in the hands of a few select multi-national corporations. At present, over 75% of the global seed trade is controlled by just ten companies. This is not news and the Sustainable Food Trust has reported at length on the state of the world’s seeds and the innovative projects and movements which have emerged in response to this.
One such organisation is OpenSourceSeeds (OSS). By equipping plant breeders and propagators with a free, open-source licence for the seeds they breed, they provide the necessary legal protection to prevent the patenting of the seed by other parties. This is about protecting seeds from privatisation and consequent market consolidation, and reframing seed as a common good. More…
Harvest of Greed – The Merger of Bayer and Monsanto
By Dr. Joseph Mercola
Posted July 5, 2018
The Bayer-Monsanto entity is now the largest seed and pesticide company in the world, controlling more than 25 percent of the global seed and pesticide supply. Farmers are concerned about what the merger might do to prices and quality — since less competition inevitably tends to lead to price hikes while reducing incentive for innovation — the merger will also give the subsequent entity even more power to pressure and manipulate governments into accepting the unacceptable risks posed by GMOs and toxic pesticides.
Farmers have also expressed concern over what the merger might do to prices, as less competition inevitably tends to lead to price hikes.
As just one example, the price of a bag of seed corn has risen from $80 to $300 over the past decade alone — a price hike attributed to the consolidation of seed companies and reduced competition. The merger of Bayer and Monsanto is predicted to make matters worse. Farmers also worry that consolidation will result in lower quality products by reducing incentive for innovation. Organic farmers have their concerns as well. More…
The Coming Collapse
by Chris Hedges
Posted June 5, 2018
As a foreign correspondent I covered collapsed societies, including the former Yugoslavia. It is impossible for any doomed population to grasp how fragile the decayed financial, social and political system is on the eve of implosion.
All the harbingers of collapse are visible: crumbling infrastructure; chronic underemployment and unemployment; the indiscriminate use of lethal force by police; political paralysis and stagnation; an economy built on the scaffolding of debt; nihilistic mass shootings in schools, universities, workplaces, malls, concert venues and movie theaters; opioid overdoses that kill some 64,000 people a year; an epidemic of suicides; unsustainable military expansion; gambling as a desperate tool of economic development and government revenue; the capture of power by a tiny, corrupt clique; censorship; the physical diminishing of public institutions ranging from schools and libraries to courts and medical facilities; the incessant bombardment by electronic hallucinations to divert us from the depressing sight that has become America and keep us trapped in illusions.
We suffer the usual pathologies of impending death. I would be happy to be wrong. But I have seen this before. I know the warning signs. All I can say is get ready. More…
Seizing the Public Banking Moment
by Matt Stannard
Posted June 1, 2018
The free market has failed as a governing paradigm of material life. Whatever the case for local markets in their specific context, large-scale competition and hierarchy are destructive, trauma-inducing conditions for people and the planet. For centuries, people have pushed back against those competitive and hierarchical models, advocating and experimenting with more cooperative and ecologically holistic economic visions.
One of those visions is financial democracy: public or community control of the financial system itself. Recognizing that the generation and value of money are artificial, and that how we pay for things is fundamentally a political question, advocates of financial democracy see banking – the power to lend money and to create value through the act of lending – as an enormous power. Such power should be democratic, not autocratic. More…
by David Korten
Posted May 30, 2018
We might wonder how such self-destructive injustice could happen in a world governed by democratically elected governments. The answer is simple and alarming. Our world is not governed by democratically elected governments. It is ruled by global financial institutions in the service of financial speculators who exchange trillions of dollars daily in search of instant unearned profits to increase the fortunes — and the power— of the richest people on the planet. They bring down governments that displease them, and buy and sell other corporations as if they were commodities.
The most powerful institutions on the planet, global financial markets and the transnational corporations that serve them, are institutional creations of Imperial Civilization. Dedicated to growing the consumption of Earth’s real wealth to grow the financial assets of the rich, they convert real capital into financial capital to increase the relative economic power of the owning class, while depressing the wages of those who produce real value through their labor. More…
The Friendly Mask Of The Orwellian Oligarchy Is Slipping Off
by Caitlin Johnstone
Posted May 24, 2018
It really couldn’t be more fitting that the US now has an actual, literal torturer as the head of the CIA. It also couldn’t be more fitting that it has a reality TV star billionaire President, an Iraq-raping Bush-era neoconservative psychopath as National Security Advisor, a former defense industry director as Secretary of Defense, a former Goldman Sachs executive as Secretary Treasurer, and a former Rothschild, Inc. executive as Secretary of Commerce. These positions have always facilitated torture, oppression, war profiteering and Wall Street greed; the only thing that has changed is that they now have a more honest face on them.
The mask of the nationless Orwellian oligarchy which dominates our world is slipping off all over the place. More…
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