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Reclaiming our Commons from the 1 Per Cent
Commons wealth is money system, science, culture, broadcast spectrum, oceans, atmosphere, biodiversity, carbon and unimproved land value
Curated by Emer O'Siochru
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The Truthseeker: Looting Of America (E12)

The man who jailed a thousand bankers tells us how to do it; Twice the size of the US economy exposed offshore; and Wall Street circles the nation's last ass...

 

Emer O'Siochru's insight:

Great that Black and Kelton are getting media space at last.

 

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Mirabile Dictu! More Executive Pay Revolt as Swiss Impose Curbs

Mirabile Dictu! More Executive Pay Revolt as Swiss Impose Curbs | Reclaiming our Commons from the 1 Per Cent | Scoop.it
It isn’t clear how effective the pushback against stratospheric top-level compensation will be, but the howls in the European media suggests that the corporate overlords really are concerned.

 

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Student Loan Bubble So Big It’s Trumping Credit Cards as a Spending Driver

Student Loan Bubble So Big It’s Trumping Credit Cards as a Spending Driver | Reclaiming our Commons from the 1 Per Cent | Scoop.it
It turns out Lambert’s mother-in-law research is pretty good. A February 27 report from Orono, Maine:
Long conversation between the driver of the municipal shuttle bus, a chatty type, and a passenger.

 

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The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy

The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Cross posted from Washington’s Blo
U.S. Attorney General Eric Holder said today: I am concerned that the size of some of these institutions [banks] becomes so large that it does become difficult for us to prosecute them when we are hit with...

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Latvia’s Economic Disaster as a Neoliberal Success Story: A Model for Europe and the US? | Michael Hudson

Latvia’s Economic Disaster as a Neoliberal Success Story: A Model for Europe and the US? | Michael Hudson | Reclaiming our Commons from the 1 Per Cent | Scoop.it
by Jeffrey Sommers and Michael Hudson A generation ago the Chicago Boys and their financial supporters applauded General Pinochet’s anti-...

 

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Yes, Virginia, the Rich Continue to Get Richer: the Top 1% Got 121% of Income Gains Since 2009

Yes, Virginia, the Rich Continue to Get Richer: the Top 1% Got 121% of Income Gains Since 2009 | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Yes, sports fans, you read that headline correctly. The top 1% has captured all of the income gains since 2009 and then some, roaring ahead while the rest of the population slipped behind.

 

Emer O'Siochru's insight:

The 99% have to wake up and see that the modern economy is a lottery is loaded agiasnt them.  The roullette wheel is fixed by the casino owners.  But the enemy is few - we are many. 

 

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Positive Money - from Lone Voice to Mainstream

http://www.positivemoney.org/ We've been arguing for two and half years that the financial crisis was caused by banks being able to create money; and we were...


Via Dai
Emer O'Siochru's insight:

Money is a commons which has been captured by the banks.  Positive Money is a movement to change that - big parallels with MMT. 

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To End Extreme Poverty, Let’s Try Ending Extreme Wealth

To End Extreme Poverty, Let’s Try Ending Extreme Wealth | Reclaiming our Commons from the 1 Per Cent | Scoop.it
The world's wealthy gathered in the Alps again last week to discuss how to 'solve' the world's problems. The world's biggest problem, suggests one top global anti-poverty outfit, may be their fortunes.

Emer O'Siochru's insight:

But how, Oxfam?  Your analysis has to go a bit further to see the core of the problem - the theft of our commons waelth by the 1%. 

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Noam Chomsky: Who Owns the World?

Noam Chomsky: Who Owns the World? | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Noam Chomsky: I think talk about American decline should be taken with a grain of salt.

 

Emer O'Siochru's insight:

Short extract that lays the foundation for the main thesis of the shift of wealth and power to an internatioal elite. 

 

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The Oil Drum | #1 - Does the U.S. Really Have More Oil than Saudi Arabia?

The Oil Drum | #1 - Does the U.S. Really Have More Oil than Saudi Arabia? | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Emer O'Siochru's insight:

So no, Oil Peak has not been debunked.  We are still looking at an energy scarce future.  It really matters who owns these resources as they get scarcer. Fossilised eenrgy is a human commons and must be used to make the transition to low carbon renewable energy.  I can't see the 1% devoting their riches to those ends, so the 99% will have to reclaim this important commons. 

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EconoMonitor : Great Leap Forward » BREAKING NEWS: OCC AND FED Endorse Bank Fraud

EconoMonitor : Great Leap Forward » BREAKING NEWS: OCC AND FED Endorse Bank Fraud | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Economics for the 21st Century and Beyond
Emer O'Siochru's insight:

The thieves are now at the heart of government.

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Michael Hudson: America’s Deceptive 2012 Fiscal Cliff, Part IV– Why Financial and Tax Reform Should Go Together « naked capitalism

Michael Hudson: America’s Deceptive 2012 Fiscal Cliff, Part IV– Why Financial and Tax Reform Should Go Together « naked capitalism | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Commentary on current economic and financial news.
Emer O'Siochru's insight:

Part 4.  Tax land and priviledge

"If the rise in real estate prices (mainly site values) had been taxed, there would have been no financial overgrowth, because this price-gain would have been collected as the tax base. The government would not have needed to tax labor either via income tax"  Exactly!

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Emer O'Siochru's curator insight, January 5, 2013 11:35 AM

Michael Hudson strongly advocate land / site value tax as a major plank of taxation reform to reclaim our pillfered wealth. 

 

You reading this self professed 'progressives' in ireland who did not support the Smart Taxes campaign because it didn't use Marxist slogans???

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Michael Hudson: America’s Deceptive 2012 Fiscal Cliff, Part II – The Financial War Against the Economy at Large « naked capitalism

Michael Hudson: America’s Deceptive 2012 Fiscal Cliff, Part II – The Financial War Against the Economy at Large « naked capitalism | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Commentary on current economic and financial news.
Emer O'Siochru's insight:

Part 2. The role of debt in this grand theft.

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Panic-Driven Austerity in the Eurozone and its Implications

Panic-Driven Austerity in the Eurozone and its Implications | Reclaiming our Commons from the 1 Per Cent | Scoop.it
By Paul De Grauwe, Professor of international economics, London School of Economics, and former member of the Belgian parliament, and Yuemei Ji, Economist, LICOS, University of Leuven.

 

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Quelle Surprise! Technocrats in Italy Scheming to Steamroll Voter Rejection of Austerity

Quelle Surprise! Technocrats in Italy Scheming to Steamroll Voter Rejection of Austerity | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Even though we were keen about how voter repudiation of austerity in the Italian elections last week was throwing a wrench in the Troika’s austerity plans, we also warned, based on the example of Greece, that they’d try to neutralize the results.

 

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The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy

The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing – NOT Saving – the Economy | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Cross posted from Washington’s Blo
U.S. Attorney General Eric Holder said today: I am concerned that the size of some of these institutions [banks] becomes so large that it does become difficult for us to prosecute them when we are hit with...

 

Emer O'Siochru's insight:

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Are we heading to an economic crash in the next few years?

Dr. Michael Hudson, Institute for the Study of Long-Term Economic Trends, joins Thom Hartmann. The United States is the only developed nation in the world th...

 

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Yes, Virginia, The Rich Did Very Well With the Fiscal Cliff Deal

Yes, Virginia, The Rich Did Very Well With the Fiscal Cliff Deal | Reclaiming our Commons from the 1 Per Cent | Scoop.it
The Real News Network has conducted a series of interviews on the fiscal cliff deal, and the two most recent are worthwhile in and of themselves, and are also good tools for persuading those who fallen for the idea that Obama got a good deal to...

 

Emer O'Siochru's insight:

As they will alsways do until the 99% wake up and reclaim their commons.

 

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Positive Money - from Lone Voice to Mainstream (Video) - Positive Money

Positive Money - from Lone Voice to Mainstream (Video) - Positive Money | Reclaiming our Commons from the 1 Per Cent | Scoop.it
We've been arguing for two and half years that the financial crisis was caused by banks being able to create money; and we were a bit of a loan voice. Today the situation is very different...

Emer O'Siochru's insight:

Money is a commons which has been captured by the banks.  Positive Money is a movement to change that - big parallels with MMT.

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David McWilliams » Let’s get something very clear

David McWilliams » Let’s get something very clear | Reclaiming our Commons from the 1 Per Cent | Scoop.it

Click here to edit the content

Emer O'Siochru's insight:

He is right - unfortunately. 

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Welfare fraud is a drop in the ocean compared to tax avoidance

Welfare fraud is a drop in the ocean compared to tax avoidance | Reclaiming our Commons from the 1 Per Cent | Scoop.it
James Ball: As Joanne Gibbons' case shows, benefit underpayments save us more than 'cheats' cost us. We need to target the real villains

 


Via Khannea Suntzu
Emer O'Siochru's insight:

The system serves the already rich.

 

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Central bankers should be brought to heel by elected parliaments - Telegraph

Central bankers should be brought to heel by elected parliaments - Telegraph | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Intellectual fashion is changing. Central bankers around the world no longer command the charisma of a high priesthood.

 

Emer O'Siochru's insight:

Nice to see that some governments are reigning in their Central Banks.  Ambrose is right about the ECB but what EU government can bring it to heel ? 

 

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ClubOrlov: Out of Ideas

ClubOrlov: Out of Ideas | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Emer O'Siochru's insight:

I think we had better buy his next book directly from Dimitri!

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Euros discarded as impoverished Greeks resort to bartering

Euros discarded as impoverished Greeks resort to bartering | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Communities set up local currencies and exchange networks in attempt to beat the economic crisis
Emer O'Siochru's insight:

Inevitable because the Euro is no longer serving the people.

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Michael Hudson: America’s Deceptive 2012 Fiscal Cliff, Part III– Why Today’s Fiscal Squeeze Imposes Needless Austerity « naked capitalism

Michael Hudson: America’s Deceptive 2012 Fiscal Cliff, Part III– Why Today’s Fiscal Squeeze Imposes Needless Austerity « naked capitalism | Reclaiming our Commons from the 1 Per Cent | Scoop.it
Commentary on current economic and financial news.
Emer O'Siochru's insight:

Part 3.  Why austerity is part of the 1% plan to elevate themselves into the new aristocracy.

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