Articles/News

Open to Pope Francis By Michael Bauwens P2P Foundation

An Open Letter to Pope Francis on the Ethical Economy

Dear Pope Francis,

I write to you as a cultural Catholic moved by admiration for the Christian values and how they have been embodied by social change activists such as Ivan Illich, E.F. Schumacher, Paolo Freire, and profound and provocative thinkers such as Marshall McLuhan and Bruno Latour.

"Economic and Fiscal Functionality through the Lens of Socializing Movements" by Tadit Anderson

The probability of demonstrating the democratic functionality of MMT/ff economic and fiscal policies in an academic or literate fashion to persuade politicians toward a conversion experience is unlikely. Even with our best communicators speaking in a mass media context or other public forums there are various other factors that need to be examined, such as learning styles and self interest. Even if the analysis is right and validated by history the politicians will act upon the net amount of political influence supporting one set of policy priorities over another set of interests.

It’s the System Stupid Structural Crises and the Need for Alternatives to Capitalism, Hans Despain

http://monthlyreview.org/2013/11/01/its-the-system-stupid

On Thursday, December 13, 2012, The Guardian announced Queen Elizabeth finally received an answer to her question—“Did nobody see this coming?”—about the 2008 financial crisis.1 While she was touring the Bank of England, Sujit Kapadia, one of the bank’s economists, informed Her Majesty that financial crises are a bit like earthquakes and flu pandemics: rare and difficult to predict. An impressive answer indeed. Brilliant for its vagueness, spuriousness, and obtuseness.

Deflation: The Failed Macroeconomic Paradigm Plumbs New Depths of Self-Parody, by William Black NEP, UMKC

Patient bleeding out? Don’t treat the bleed; keep the crash cart nearby

Imagine you were a doctor in the ER when a patient was brought in presenting symptoms indicating a likely internal bleed. Here are the two critical questions you face.
Would you (a) find and stop the bleed or (b) wheel the patient off to a “recovery” room with instructions to alert the crash cart to be ready to try to revive the patient should he go into cardiac arrest due to the continued, untreated bleed?

The Return of Rentier Capitalism Welcome to Neo-Feudalism or By the Way, Where did I put that Pitchfork ?

Welcome to Neo-Feudalism or By the Way, Where did I put that Pitchfork ?I

Surviving Progress: Economic Policies is where it starts

in

http://www.maxkeiser.com/2013/11/worlds-best-economist-explains-all-in-8...

This is a segment of a full length BBC documentary under the title "Surviving Progress." Michael Hudson explains how the late Roman Empire caused the nominal Dark Ages, through asset stripping of both the Roman empire and every other nation it came in contact with. The early part of the Roman Empire was based upon a level of real democracy, and access to land for soldiers.

Steve Keen on the comparison of Keynes's Bancor against Sec US Treasury White's US Dollars as the global Reserve Currency

http://www.youtube.com/watch?v=FoLyd_Hq32Q#t=345

from Steve Keen
I was invited to give a speech on that topic to the Second Meeting of Ministers of Finance of the CELAC in Quito, Ecuador today (November 29 2013). In it I outlined Keynes’s Bancor proposal from Bretton Woods, explained why White’s plan was adopted instead, supported the proposal by Zhou Xiaochuan, the Governor of the Central Bank of China, to institute Keynes’s scheme, and proposed that Latin America could try a regional version of the same via the Bank of the South.

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