Aug 15, 2015 No Comments
"Anyone with any sense for global economic trends ought to be worried. The signs are everywhere of a serious deflationary crisis. It is obvious that Chinese growth is falling" writes Brian Davey in another update to his book Credo. He goes on to describe four processes that are driving this crisis.
Aug 12, 2015 No Comments
In this updating article for the website of his new book Credo Brian Davey explores the relationship between degrowth, one of the themes of Credo, and the kind of austerity policies that we are seeing imposed on Greece.
Aug 09, 2015 No Comments
Is it realistic to insist, as Feasta climate group members are doing, that world citizens could set up a global trust that would issue fossil fuel extraction permits , thus ensuring that greenhouse gas emissions gradually reduce to zero? What about politics? Cartel pressure and greed? And how can we get the word out about Cap & Share in the first place? Laurence Matthews makes some practical suggestions.
Aug 07, 2015 Comments Off on From our archives: the freedom to be frugal
In a compelling article from the second Feasta Review, published in 2004, Molly Scott Cato questions common assumptions about the consumption-based economy. "Wants do not arise from human nature, or even from a social agreement, for the most part they are created by an advertising industry that has no other purpose." The central problem, as she sees it, is actually inequality - something that Feasta proposals such as CapGlobalCarbon and land value tax would directly address.
Jul 29, 2015 2 Comments
Graham Barnes writes that "creating and maintaining a currency without any interaction with fiat is clearly a challenge. It's like asking fish to reinvent water while they are swimming around in it. But if we consider the main forms of interaction with fiat, some clues as to the management of the difficulties may emerge."
Jul 21, 2015 Comments Off on Can the law protect us from climate change?
Can the law protect us from climate change? Do we have a legal right to a stable climate? Are governments responsible for preventing dangerous climate change within their borders? One month ago I would have answered these questions with "most likely not", but one extraordinary court case changed that to "hopefully, yes!". By Erik-Jan Van Oosten.
Jul 07, 2015 Comments Off on Preventing a humanitarian catastrophe in Greece – by issuing state IOUs
Brian Davey writes "Whatever the arguments the Greek government have run out of time. There is a point where they must act to create substitute financial instruments - if they are called IOUs it is up to the ECB to prove that they are another currency and against the rules."
Jul 06, 2015 Comments Off on Greece to be a debtors’ prison: email exchange
Jun 26, 2015 1 Comment
This 2003 article by Andy Storey identifies and critiques the priorities of the EU - a very useful overview given the current events in Greece and the TAFTA negotiations. He writes that "in many important respects, and to a growing extent, the emperor that is the European social project has no clothes - it is time to point out this nakedness and to begin the task of rebuilding European regionalism. Such a reconstituted regional model could then also become a building block of a more humane and just global order."
Jun 19, 2015 Comments Off on Framing the Paris climate change summit
Jun 10, 2015 Comments Off on Basic income (BI) & intentional currencies
Jun 04, 2015 Comments Off on Credo: Economic Beliefs in a World in Crisis
In our latest Feasta book, Brian Davey describes how economists preach a 'gospel' which gravely misrepresents the complexity of human psychology, exacerbates inequality and seeks to justify the destruction of communities and environments. Salvation is supposedly in efficiency, competitive markets, specialisation, technology and, above all, growth - but we are now crashing against ecological limits.