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 No Comments
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 No Comments
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 No Comments
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 19, 2015 Comments Off on Framing the Paris climate change summit
Jun 10, 2015 Comments Off on Basic income (BI) & intentional currencies
Apr 26, 2015 Comments Off on Migrant shipwrecks, land grabs and the commons
Mar 31, 2015 2 Comments
Banks create money out of nothing when they extend loans and then charge borrowers interest on this newly created capital. The result is an ongoing multi-billion pound/ dollar subsidy breaking the basic rules of capitalism. What is perhaps even more surprising is that there appears to be no explicit description of the 'bargain' underlying this important arrangement. By Graham Barnes.