Politics, economics, philosophy
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The Dutch “basic income” experiment is expanding across multiple cities

The Dutch “basic income” experiment is expanding across multiple cities | Politics, economics, philosophy | Scoop.it
A plan to give away no-strings-attached money is gaining traction.
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Thomas Piketty's Capital: everything you need to know about the surprise bestseller

Thomas Piketty's Capital: everything you need to know about the surprise bestseller | Politics, economics, philosophy | Scoop.it
The radical economist's book Capital in the Twenty-First century has angered the right with its powerful argument about wealth, democracy and why capitalism will always create inequality, says Paul Mason
Tim Kendall's insight:

"Piketty's argument is that, in an economy where the rate of return on capital outstrips the rate of growth, inherited wealth will always grow faster than earned wealth. So the fact that rich kids can swan aimlessly from gap year to internship to a job at father's bank/ministry/TV network – while the poor kids sweat into their barista uniforms – is not an accident: it is the system working normally."

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Center for a Stateless Society » Market Anarchism for Network Mutualism

Center for a Stateless Society » Market Anarchism for Network Mutualism | Politics, economics, philosophy | Scoop.it

"Human communication systems offer incredible insight to the creative nature of human beings, spontaneous social order and emerging markets within our societies. For the first time in human history we are sharing ideas from the local to the global in scale. With the advent of the Internet, social media and growing social networks, communication costs are at an all time low."

Tim Kendall's insight:

"Important here is the concept of information ecology. Information ecology is a system of people, practices, values and technologies in a particular environment (Nardi & O’Day 1999) or community. This idea of information ecology helps us better understand human communication systems and how information moves within them – how is information used, who needs certain types of information, who is impacted by access (or lack there of) of information and what does this mean for our communities? As communication continues its decentralized evolution in the age of the Internet more stakeholders will take active roles in community development, empowering people like never before (Mehra 2009)."

 

For a contrasting but complementary view try http://www.policy-network.net/pno_detail.aspx?ID=3933&title=Bringing+mutualism+back+into+business

and also http://isocracy.org/node/25

Image courtesy http://research.microsoft.com/en-us/um/cambridge/groups/science/tools/network3d/network3d.htm

 

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Center for a Stateless Society » What is Left-Libertarianism?

Center for a Stateless Society » What is Left-Libertarianism? | Politics, economics, philosophy | Scoop.it
Left-libertarianism has been getting a lot of buzz recently in the broader American libertarian community. The term “left-libertarian” has been used many ways in American politics, and there seems to be some confusion within the libertari
Tim Kendall's insight:

"We on the Libertarian Left consider it utterly perverse that free market libertarianism, a doctrine which had its origins as an attack on the economic privilege of landlords and merchants, should ever have been coopted in defense of the entrenched power of the plutocracy and big business. The use of the “free market” as a legitimizing ideology for triumphant corporate capitalism, and the growth of a community of “libertarian” propagandists, is as much a perversion of free market principles as Stalinist regimes’ cooptation of rhetoric and symbols from the historic socialist movement was a perversion of the working class movement."

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Exponential Economist Meets Finite Physicist | Do the Math

Exponential Economist Meets Finite Physicist | Do the Math | Politics, economics, philosophy | Scoop.it
Tim Kendall's insight:

Let us imagine that in 3030BC the total possessions of the people of Egypt filled one cubic metre. Let us propose that these possessions grew by 4.5% a year. How big would that stash have been by the Battle of Actium in 30BC? This is the calculation performed by the investment banker Jeremy Grantham. [references omitted, see link below] Go on, take a guess. Ten times the size of the pyramids? All the sand in the Sahara? The Atlantic ocean? The volume of the planet? A little more? It’s 2.5 billion billion solar systems. It does not take you long, pondering this outcome, to reach the paradoxical position that salvation lies in collapse. To succeed is to destroy ourselves. To fail is to destroy ourselves. That is the bind we have created. Ignore if you must climate change, biodiversity collapse, the depletion of water, soil, minerals, oil; even if all these issues were miraculously to vanish, the mathematics of compound growth make continuity impossible.

 

http://www.monbiot.com/2014/05/27/the-impossibility-of-growth/

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Parasite Street

Parasite Street | Politics, economics, philosophy | Scoop.it
Imagine a different street; not in the deprived suburbs of a Midlands city, but at the super-rich heart of the Capital. Welcome to Parasite Street.
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Why I became a left-libertarian | Liberal Conspiracy

Why I became a left-libertarian | Liberal Conspiracy | Politics, economics, philosophy | Scoop.it

The Left-Libertarian argument, on the other hand, runs differently. We accept the harm caused to minorities by socially destructive and divisive prejudices- and the need to fight them. We also accept the damage caused by concentration of wealth and the class system- and the need to fight them. Our only disagreement with the conventional left is our mistrust of the State as a tool for reforms. After all, the State is an institution that exists to allow the corporate classes to thrive - and the liberal left’s policies, while claiming to work towards a more fair and free society, are merely tinkering within the permitted parameters of the status quo. It is this distrust of both State and private privilege that sets us apart from the Libertarian Right. The left-libertarian position is well summarised by the mutualist writer Kevin Carson, of the Centre For a Stateless Society (http://c4ss.org): “Big business has been a creature of the state from the beginning. And genuinely free markets would operate as dynamite at the foundations of corporate power.”

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Universal Basic Income

Universal Basic Income | Politics, economics, philosophy | Scoop.it

Universal Basic Income is a very interesting idea. I hope that the Swiss referendum results in the first implementation of such a scheme, so that we can learn more about the benefits and pitfalls. It is clear that the underlying principle of a universal bureaucracy-free welfare system has a great deal of appeal to people from either side of the political spectrum, given that it has supporters from either extreme (from Bertrand Russell to Fredrich Hayek) and many in between. Many of the critics rely on economically illiterate objections such as the "something for nothing" complaint or faux concerns about "idleness". By raising such ludicrous concerns that the poor and ordinary would cease work at the very instant their basic human needs are met (whilst ignoring the fact that the rich continue to work despite their basic human needs being met many times over), the opponent is essentially admitting that their view of capitalism relies upon exploitation of the fear of destitution, rather than the willing participation of the workers.

Tim Kendall's insight:

http://www.citizensincome.org/

 

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Trickle-Down Economics Must Die, Long Live Grow-Up Economics — Basic income

Trickle-Down Economics Must Die, Long Live Grow-Up Economics - Basic income - Medium
The myth of inequality-driven economic growth and how to achieve real prosperity for all
Tim Kendall's insight:

"For over thirty years we’ve treated something as fact which is actually false. Economists we trusted to know better, didn’t, and so people have suffered and continue to suffer. This pernicious economic myth is the idea that a rising yacht lifts all tides, or as more popularly described, “trickle-down economics.” If we are to start running our economy in a way we could one day describe as notably less insane, we must finally come to see it for what it actually is."

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Len McCluskey on Capital in the Twenty-First Century: 'manna from heaven'

Len McCluskey on Capital in the Twenty-First Century: 'manna from heaven' | Politics, economics, philosophy | Scoop.it
The general secretary of Unite says Thomas Piketty's book gives an intellectual edge to his own view that something is wrong with our economic system, and proves that radical change is needed
Tim Kendall's insight:

"When you look at the situation in Ukraine at the moment, it was brought about to a large extent because of the failures in Russia and Ukraine, where there has been a hugely widening gap between rich and poor. Currently we're in a situation where our own government is opposing the Tobin tax that France and even Germany are trying to push for."

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Predatory Capitalism and the System's Denial in the Face of Truth

Predatory Capitalism and the System's Denial in the Face of Truth | Politics, economics, philosophy | Scoop.it
Contemporary capitalism is characterized by a political economy which revolves around finance capital, is based on a savage form of free market fundamentalism.
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Hounding the poor

Hounding the poor | Politics, economics, philosophy | Scoop.it
The UKs tax credits system is expensive, inefficient and hurts the very people it is supposed to help. It is not fit for purpose.
Tim Kendall's insight:

"We must do better than this. We need a benefits system that is simple and cheap to administer, does not cause involuntary indebtedness and does not penalise hard work and enterprise. Personally I think a universal basic income would come closest to meeting this need. But at the very least, we need to restore the income buffer and ensure that the income floor does not leak for anyone, especially the self-employed. And stop this merciless hounding of the poor."

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The Sharing Economy: Capitalism's Last Stand? - OuiShare

The Sharing Economy: Capitalism's Last Stand? - OuiShare | Politics, economics, philosophy | Scoop.it
After decades of consumerism, the sharing economy sounded like a revolution. But is it really? Or is it nothing more than capitalism's latest trick?
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The Heretic's Guide to Global Finance: Hacking the Future of Money: Building Creative Commons: The Five Pillars of Open Source Finance

The Heretic's Guide to Global Finance: Hacking the Future of Money: Building Creative Commons: The Five Pillars of Open Source Finance | Politics, economics, philosophy | Scoop.it
Tim Kendall's insight:

I have an updating left-libertarian news and opinion mashup http://liber-alia.blogspot.co.uk

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Beyond Consumerism: Replacing the Value of "More" with "Enough"

Beyond Consumerism: Replacing the Value of "More" with "Enough" | Politics, economics, philosophy | Scoop.it

Successfully fighting these forces will require a sustained and coordinated effort to curtail the power of large corporations and the media, both of which exercise substantial influence over people's lives. It is important not to underestimate these entities and the often subtle methods they use to influence consumers. But bankers, advertisers, and manufacturers are simply responding to consumer demand (although they're complicit in creating some of that demand). So perhaps the shift needs to originate from people's personal values, and a grassroots rejection of the "mass infantilization" program that promotes mindless consumption.

Tim Kendall's insight:

http://steadystate.org/growth-and-laissez-faire/

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Benjamin Barber on Why Mayors Should Rule the World

Benjamin Barber on Why Mayors Should Rule the World | Politics, economics, philosophy | Scoop.it

“Civilization and culture were born in cities,” he says, and the public spaces they harbor are “where we come together to create democracy.” Remember this year’s protests in Tahrir Square where thousands of Egyptians demonstrated against President Mohamed Morsi, and the sit-in in Taksim Gezi Park against an unwanted urban development plan (which later led to protests across Turkey on a wide range of concerns). These are just two of many examples that involve citizens fighting in public spaces for their freedom—actions which lead Barber to believe that we are a uniquely urban animal. The natural corollary, according to Barber, is that it’s time for mayors to rule the world. Mayors are pragmatists and problem solvers. They can’t allow the kind of paralysis we’re witnessing in Washington today simply because the buses must run. The sewers must drain. Barber says mayors “have to put ideology and religion and ethnicity aside” to get things done. Mayors are also usually from the places they govern, and as a result, they have much higher levels of trust.

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