Rami K.
Rammy
Orlando, FL
Post #: 465

Rami K.
Rammy
Orlando, FL
Post #: 467

Rami K.
Rammy
Orlando, FL
Post #: 468


The PBS broadcast Fixing The Future full movie with after-discussion is also available as a single unified piece via hulu.

    "We have this arbitrary economic system which we've grown up in, believe in, contribute to, and work in. If it is not working any more, then let's do something different."
                        ­
                                        - Steve Beckett
                          ­
          ­

Rami K.
Rammy
Orlando, FL
Post #: 473
What an interesting distinction in the title of the following Al Jazeera piece Is it just money? Or is it power? Empire examines the rise and role of the new oligarchs and the decline of democracy in the United States and beyond.

    "Did their money come to them because the magic of the market realised how ultra-special talented they were? Or because of power? Manipulating laws, buying politicians, even taking over governments. Has the power of money in the United States grown so great that democracy is just a charade? A large, frenetic, incredibly expensive one, but still, just play-acting and a dumb show for the public?"

Rami K.
Rammy
Orlando, FL
Post #: 520
Mainstream economists have created a beautiful body of mathematical thought based on several key assumptions that has resulted in elegant equations worth admiring for their own sake. There is just one big problem with mainstream economics. Many of the assumptions are questionable. So, the mainstream equations in reality can produce divide-by-zero errors, such as when the value of human labor goes towards zero, or the cost of energy or information goes towards zero, or as supply of goods and services exceeds demand on a long-term basis and profit goes towards zero and the system freezes up.
-- Paul D. Fernhout
Eve­ntually, the balance will change in one of several ways. Here are three possibilities. People might engage in a political struggle leading to broad changes and broader equity in global resources (which is what is going on in some parts of Europe right now, as in the past). Or, some compromise might be achieved where lots of make-work is created (through needless wars-of-choice, endless bureaucracy, endless schooling, expanding prisons, or widespread avoidable sickness) that props up the income-through-jobs link (which seems to be the path the USA is going in part). Or poor people might essentially be starved to death or worked to death, and the remaining wealthy people will, among themselves and their robots, essentially produce a new society of the remaining people that is based on a new paradigm of broadly shared wealth (there are aspects of this that have been going on for a long time in the globe). That last option would be ironic because the robots, in combination with the material resources of the solar system, could just as easily produce wealth for quadrillions of people as for millions of people, and a bigger society is probably going to be more interesting. In practice, we seem to be seeing a mix of all three of these approaches. Which one will dominate long-term remains to be seen. Also, there may be other possibilities, of course.
-- Ibid

Rami K.
Rammy
Orlando, FL
Post #: 550
Joseph Stiglitz claims: Inequality Is Not Inevitable
Rami K.
Rammy
Orlando, FL
Post #: 572
Paul Krugman states the world is not the one he imagined in this Bill Moyers interview:


Rami K.
Rammy
Orlando, FL
Post #: 578
Mixed economies appear to be the pathway by which most economies are travelling in order to satisfy both the needs of man and wealth. Now comes Richard D. Wolff with his book, "A Cure for Capitalism"








Rami K.
Rammy
Orlando, FL
Post #: 601


Rami K.
Rammy
Orlando, FL
Post #: 605
If you have not already watched the July 10 update of Richard Wolff listed above, do so. Here's a highlight: Median wealth of the American home (in thousands of dollars)

    2003: 88
    2007: 98
    2009: 70
    2013: 56

"So the wealth of the average american family in this 'recovery' continues to shrink."

Here is August's update:



Powered by mvnForum

People in this
Meetup are also in:

Sign up

Meetup members, Log in

By clicking "Sign up" or "Sign up using Facebook", you confirm that you accept our Terms of Service & Privacy Policy