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Caring Economy on Lunch with Louden • Thursdays at 12:00 PT

Caring Economy on Lunch with Louden • Thursdays at 12:00 PT | Coffee Party Feminists | Scoop.it

Jeanene Louden along with co-pilot Debilyn Molineaux will interview Maura Conlon-McIvor, PhD and Sara Saltee on Caring Economics.  Together they are co-facilitators for the Caring Economy Leadership Program, which prepares grassroots leaders from around the world to speak out for a more equitable, sustainable, and successful economic system – a system that acknowledges that the work of caring for people and the planet is the essential foundation of economic success.   The Caring Economy model emerges from decades of research on the difference between “dominator” and “partnership” values and shows how those values are at work in our current economic system and what they tell us about new potentials.  Is the work of care “external” to our economy or is it the foundation of our economy and the lynchpin of both high quality life experiences and sustainable economic success?  What is the real wealth of our nation?  If we want to grow those things which most contribute to human welfare and human development, why do our key measures of economic health (like the GNP/GDP) leave out those things entirely?  Caring Economics makes the case for accelerating change in the direction of partnership values and offers Leadership training through a 7-session online course which prepares leaders from around the world to engage others in a new conversation about economics.  You can join the conversation by calling in at (646) 929-2495, Thursday at noon PT.

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Rescooped by J'nene Solidarity Kay from Austerity? NO!!
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THE MOST IMPORTANT STORY IN AMERICA: Family Net Worth Collapses 40% In 3 Years

THE MOST IMPORTANT STORY IN AMERICA: Family Net Worth Collapses 40% In 3 Years | Coffee Party Feminists | Scoop.it

HENRY BLODGET, BusinessInsider.com

 

Yesterday, the Fed released its latest Survey of Consumer Finances.The report included a lot of depressing data about the financial situation of average Americans. But nothing was so shocking and depressing as this:

 

The median net worth of American families dropped nearly 40% from 2007 to 2010.

 

Wow.

 

(Yes, the situation has improved in the 18 months since 2010, but only modestly. Houseprices are about where they were back then.)

 

Most of this decline came from the collapse of the housingmarket. But we can't just write this one off to the housing bubble. The median net worth of households has now fallen to the same level as it was two decades ago, in 1992.

 

What does that mean?

 

It means America just isn't working right now.

Not just Americans. America itself, a country whose economy once worked for almost everyone.

 

In the old America, if you worked hard, you had a good chance of moving up.

 

In the old America, the fruits of people's labors accrued to the whole country, not just the top.

 

In the old America, there was a strong middle class, and their immense collective purchasing power drove the economy for decades.

 

No longer.

 

Over the past couple of decades, the American economy has increasingly mostly worked for the richest Americans, at the expense of everyone else. As a result, the disparity between "the 1%" and "the 99%" has hit a level not seen since the 1920s. And there is a widespread and growing sense that life here is not fair or right.

 

The middle class--the average American families--drive most of the spending in this country. Thus, when the middle class suffers, the whole economy suffers. And, right now, America just isn't working for the middle class.

 

If we are to get this country headed in the right direction again, we need to fix this problem. We can start by appreciating how bad it is.

 

Read more and see the enlightening charts at: http://www.businessinsider.com/average-family-net-worth-collapses-40-in-three-years-2012-6#ixzz1xbAIb2CP

 


Via Virginia Deoccupy Homelessness Simson
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