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.
The second Climate Conversation with the subject ‘A New Economy’ is taking place tonight at 152-160 Pearse Street, Dublin 2. You can watch a live stream of it here:
Speakers for Session II include:
Sharan Burrow, General Secretary of International Trade Union Confederation
Gabriel Darcy, CEO Town of Monaghan Co-Op
Dr Rory O’Donnell, Director of the National Economic and Social Council (NESC)
Sean O’Driscoll, CEO Glen Dimplex
Robert Watt, secretary general, Department of Public Expenditure & Reform
Chair: Emma McNamara, RTE
Seán Conlan writes "The main theme of the evening was the challenge of engaging with the general public in the acceptance of climate change, and this provoked some interesting insights from both panelist and audience."
In 2011, Richard Douthwaite wrote in Fleeing Vesuvius that "Money once bought energy. Now energy, or at least an entitlement to it, will actually be money and energy firms may become the new banks." His suggestions for achieving this transition in the fairest way possible have a clear relevance now.
Feasta members Willi Kiefel and Seán Conlan have been involved in a unique collaboration between charities, unions and other organisations, with a goal of "promoting greater understanding of what a low carbon future might bring for Ireland "
You can watch an entertaining video that Talk Fracking have produced of Paul Mobb's arrest on March 5, featuring bemused-looking police officers trying to figure out what to do about this courteous but determined and highly articulate protestor.