Scrap It
Consumerism, Economics, Financial Management — by George Monbiot
by George Monbiot – journalist, author, academic and environmental and political activist
Pay drivers to scrap their cars? We might as well burn ten-pound notes in power stations.
The magic numbers spin before our eyes. No one can grasp the scale of the hand-outs, or understand how public money which didn’t exist – could never exist – for hospitals or schools or public toilets begins to flow as soon as the bankers fall to their knees. We are punch drunk, reeling, uniquely vulnerable – because none of it makes sense any more – to new demands from every species of scrounger.
So prepare yourselves, ladies and gentlemen, for the worst scam of all. It’s another reward for failure, but this one offers no prospect of rescuing the economy. Thanks to its cunning disguise as an environmental measure, we seem willing to be conned. I want to show you why we should resist it.
Comments (2)Posted on: March 11, 2009
Building a Sustainable Economy
Alternatives to Political Systems, Bio-regional Organisations, Economics, Financial Management, People Systems, Society, Village Development — by Marcin Gerwin
Editor’s note: Marcin’s post is very relevant as the world seeks an alternative to the current disaster of globalisation.
Democracy first
 Tiger’s nest in Bhutan Photo: Thomas Wanhoff |
In 1994 the government of Haiti lifted tariffs and allowed imports of cheap, subsidized rice and other crops from abroad. This policy was recommended by the International Monetary Fund and urged by the U.S. government (1). Over the years this tiny change in policy led to an estimated 830,000 job losses, it damaged food security and rural livelihoods, and eventually led to food riots and hunger in 2008 (2). If people in Haiti were to decide by themselves on their country policy, would they choose the recommendations of the IMF that brought them into starvation? Would people of Ecuador allow toxic pollution in the Amazon for the sake of Chevron Texaco profits? Would people in India accept genetically modified seeds of cotton that caused crop failures, spiral of debt and hundreds of farmer suicides? And would people in the USA support bailing out banks with their own money in a way that is not transparent and does not lead to the recovery of the financial system? They wouldn’t. These things happen around the world because we still don’t have true democracy, where people set the rules for themselves.
Comments (5)Posted on: February 6, 2009
From the Bottom Up
Alternatives to Political Systems, Economics, Financial Management, People Systems, Society — by George Monbiot
A new mobilisation could revitalise politics in the UK – but only if you get involved.
by George Monbiot – journalist, author, academic and environmental and political activist
For the first time in my life I resent paying my taxes. Until now I have seen this annual amputation as a civic duty – like giving blood – necessary to sustain the life of a fair society. Suddenly I see it as an imposition. Its purpose has reverted to that of the middle ages: subsidising the excesses of a parasitic class. A high proportion of the taxes I pay will be used to bail out companies which, as the Guardian’s current investigation shows, have used every imaginable ruse to avoid paying any themselves.
I think that for many people this is the final blow: the insult which seals their alienation from the political process. The small Welsh town where I live, many of whose inhabitants are among the very poor, was once a haven of progressive politics, built from nonconformist religious sects and a long tradition of social solidarity. People from these valleys were transported to Van Diemen’s Land for demanding the vote.
Comments (1)Posted on: February 3, 2009
A Better Way to Make Money
Alternatives to Political Systems, Economics, Financial Management — by George Monbiot
Here’s how we could solve the credit crunch without giving anything to the banks.
by George Monbiot – journalist, author, academic and environmental and political activist
In Russell Hoban’s novel Riddley Walker, the descendents of nuclear holocaust survivors seek amid the rubble the key to recovering their lost civilisation. They end up believing that the answer is to re-invent the atom bomb. I was reminded of this when I read the government’s new plans to save us from the credit crunch. It intends – at gob-smacking public expense – to persuade the banks to start lending again, at levels similar to those of 2007. Isn’t this what caused the problem in the first place? Is insane levels of lending really the solution to a crisis caused by insane levels of lending?
Yes, I know that without money there’s no business, and without business there are no jobs. I also know that most of the money in circulation is issued, through fractional reserve banking, in the form of debt. This means that you can’t solve one problem (a lack of money) without causing another (a mountain of debt). There must be a better way than this.
Comments (4)Posted on: January 23, 2009
The Crash Course
Alternatives to Political Systems, Consumerism, Economics, Financial Management, Nuclear, Population, Society, peak oil — by Craig Mackintosh
I’ve referenced Chris Martenson’s excellent ‘Crash Course’ a couple of times, but now I’ve discovered Chris has also uploaded it to YouTube, so can embed here for your convenience and viewing pleasure.
For those not familiar, this twenty chapter presentation is arguably the best effort I’ve seen to help people understand our current world predicament, with an emphasis on economics. It’s a must watch (in addition to ‘Money as Debt‘). Do share the link with your contacts.
Chapter 1 – Three Beliefs & Chapter 2 – The Three E’s
Comments (3)Posted on: January 14, 2009
Money as Debt
Alternatives to Political Systems, Consumerism, Economics, Financial Management, People Systems, Society — by Craig Mackintosh
Many of us are watching the current economic crisis with great interest (albeit with a lot of concern). A lot of us could also see it coming. Our modern economic systems are ultimately inviable, based on ever increasing debt and ever enlarging boom and bust cycles. Systemic economic collapse is inevitable, and painful (indeed, disastrous) though it may be, in many ways the sooner it happens the better it will be for the world. Our ecologies are running out of time, the rate of species loss is becoming exponential, the depletion of critical resources is moving ahead apace, and our human population continues to balloon year by year. We have formerly democratic nations heading towards fascism, and a massive consolidation of power giving money-motivated corporations the controlling influence over governments and media. Creating a whole new society will be excruciatingly difficult – but it will be impossible if we’re trying to do so without decent resources left to work with.
Watching the mortgage crisis in the U.S. is frustrating to say the least. We have thousands of defaulters becoming homeless, and yet, as you shall see in the clips below, the money they’ve borrowed to purchase their house was not even the banks – indeed, it didn’t even exist, but is essentially created out of thin air. The bank ‘loans’ money it doesn’t have, then when the borrower defaults, his home becomes the property of the bank – and yet the banks subsequently manage to secure massive bailouts from this same taxpayer.
Comments (5)Posted on: January 11, 2009
Pin-Striped Pirates
Alternatives to Political Systems, Economics, Ethical Investment, Financial Management, Society — by George Monbiot
Why does the UK retain a handful of colonies? To destroy the world’s taxation systems.
by George Monbiot – journalist, author, academic and environmental and political activist
If you want to know why Britain has never completed the process of decolonisation, look at two lists side by side. One is the official register of tax havens, compiled by the OECD(1). The other is the list of British overseas territories and crown dependencies(2). Over a quarter of the world’s tax havens are British property. More than half of Britain’s colonial territories and dependencies are tax havens. Strip out Antarctica, the military bases and the scarcely-habited rocks and atolls, and of the 11 remaining properties, only the Falkland Islands is not a recognised haven. The obvious conclusion is that Britain retains these colonies for one purpose: to help banks, corporations and the ultra-rich to avoid tax.
Posted on: December 18, 2008
Clearing Up This Mess
Alternatives to Political Systems, Economics, Financial Management — by George Monbiot
John Maynard Keynes had the answer to the crisis we’re now facing; but it was blocked and then forgotten.
by George Monbiot – journalist, author, academic and environmental and political activist
 Delegations at Bretton Woods |
Poor old Lord Keynes. The world’s press has spent the past week blackening his name. Not intentionally: most of the dunderheads reporting the G20 summit which took place over the weekend really do believe that he proposed and founded the International Monetary Fund. It’s one of those stories that passes unchecked from one journalist to another.
The truth is more interesting. At the Bretton Woods conference in 1944, John Maynard Keynes put forward a much better idea. After it was thrown out, Geoffrey Crowther – then the editor of the Economist magazine – warned that “Lord Keynes was right … the world will bitterly regret the fact that his arguments were rejected.”(1) But the world does not regret it, for almost everyone – the Economist included – has forgotten what he proposed.
Comments (1)Posted on: November 21, 2008
Can Permaculture Save the World???
Alternatives to Political Systems, Bio-regional Organisations, Biodiversity, Consumerism, Eco-Villages, Economics, Financial Management, Food Shortages, Global Warming/Climate Change, People Systems, Population, Soil Erosion & Contamination, Village Development, Water Contaminaton, peak oil — by Ted Trainer
Editor’s Note: Point one – this article is circa 1998, from the now ceased-publication Permaculture International Journal. Point two – it is now more relevant than ever, so please read and ponder. The article goes a long way towards explaining why I mix articles the way I do – some about Permaculture, some about current events, the global situation, and the desperate need for systemic social, political and economic change.
Ted Trainer argues that although the planet cannot be saved without Permaculture, not enough people in the movement realise where Permaculture fits into the solution.
We are fast approaching a period of enormous and probably chaotic change. Western industrial-affluent-consumer society is unsustainable and is rapidly running into serious difficulties.
Permaculture is a crucial component of the solution to the global predicament. However I want to argue that Permaculture is far from sufficient, and indeed that it can be counter-productive if it is not put in the right context. That is unless we are careful, promoting Permaculture can actually help to reinforce our existing unsustainable society. We must do much more than just contribute to the spread of Permaculture. We must locate Permaculture within a wider campaign of radical social change. Before I try to explain this, I need to outline how I see the global predicament we are in. Whether or not you will agree with my conclusions about what needs to be done and where Permaculture fits in will depend greatly on whether you share my view of the situation we are in.
Comments (4)Posted on: October 2, 2008
The Money Masters
Alternatives to Political Systems, Consumerism, Economics, Financial Management — by Craig Mackintosh
The stock market crisis has been described by many as the worst financial disaster since the great depression of the 1930s. It is freezing cashflows worldwide, putting the livelihoods of millions at risk, and stopping economic growth in its tracks. Even the US$700 billion bailout plan, with US taxpayers picking up the tab, seems not to be calming investor fears as it was hoped. People have "a sense that there’s a lot more bad news to come".
I think they are right.
Comments (1)Posted on: September 29, 2008
Demystifying Economics
Consumerism, Financial Management, People Systems, Society — by Kath Fisher
Tigger Economics
For many people economics appears complex and incomprehensible. As soon as the debate turns to economics, and jargon such as ‘productivity’ or ‘microeconomic reform’ start to be used, people can feel alienated and mystified and unable to respond appropriately.
It seems that many policy makers rely on this economic illiteracy of the general population to make sure that policies are not opposed or that serious debate is averted.
It is imperative that the language used so glibly by politicians and policy-makers, advised by the ‘economic rationalists’ whose assumptions and methodology are never questioned, is explained and demystified.
Comments (1)
