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The Capitalist's Case for a $15 Minimum Wage

The Capitalist's Case for a $15 Minimum Wage | Sustain Our Earth | Scoop.it
BLOOMBERG VIEW:The fundamental law of capitalism is that if workers have no money, businesses have no customers. That’s why the extreme, and widening, wealth gap in our economy presents not just a moral challenge, but an economic one, too.
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SustainOurEarth's comment, June 20, 2013 5:24 PM
The 1% do not drive or grow the economy, just as feudal nobles didn't drive the economy in there time. Just like now they were generally exempt from the taxes of the realm. It was Italian city states with their middle class merchants and consumers that started to build new and thriving economies in Europe. The economic 1% are the new feudal nobility, their wealth does nothing to build or stimulate the economy. They do not spend or put their money were it would do the economy any good. They further invest in companies that are already cash rich and have no idea of what to do with the money. They sure do not invest it in their employees who would actually spend money that absolutely would benefit the economy and their own businesses. Like the so called "Gilded Age" at the turn of the 19th and 20th centuries was gilded for no one except the 1% and their "Robber Barons". It wasn't until Henry Ford was smart enough to understand he could make his business boom by paying his workers a wage at which they could actually buy the product they were making that the American economy really started to take off. This occurred even in a time the US government was consider mainly hostile to big business, busting-up Trusts and Monopolies. History absolutely repeats itself. Economic history is repeating itself today and things need to change again. Companies need to understand, like Henry Ford a century ago, the benefits of paying their employees a decent wage which keeps up with productivity. Businesses seem to be bent on making profits of the backs of their employees rather than the value of their products or services. This practice needs to stop for the benefit of everyone. Remember when greed, corporate or otherwise, used to be one of the "Seven Deadly Sins?" I think that the hoarding of wealth by the 1% and international corporations counts as greed..., or is it gluttony, another one of the "Seven Deadly Sins"? I think you get my drift, a lot of economic immorality is going on to the detriment of people and the world as a whole.

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Stupidity Is Not A Valid Defense For Us - The Automatic Earth

Stupidity Is Not A Valid Defense For Us - The Automatic Earth | Sustain Our Earth | Scoop.it

If we can't plead stupidity, what else is there? How do we live with ourselves? Is it all the stuff we buy that manages to numb our brains and consciences?

 

When I see a headline like this one at Bloomberg today, World Needs Record Saudi Oil Supply as OPEC Convenes, there’s just one thought that pops into my head: what the world needs is for us to stop doing this thing we’re doing. Even apart from peak oil concerns, it’s obvious we’re going to run out at some point or another, and it doesn’t matter whether that’s tomorrow or at some other point in the future, though we do know it’s not going to take another 100 years, or even 50.

 

And nothing will ever take the place of oil; once those unique carbons are gone, that’s it, we’ll have to find a completely different way of running our societies, and if we’re not smart enough to prepare for that beforehand, we’ll be cats fighting in a sack and use the last scraps to kill off each other. And our legacy won’t be the Greek thinkers and Picasso and Dostoyevsky and Walt Whitman and Maria Callas, since there won’t be the means for our children anymore to share what makes man great between them. Our main legacy will instead be bloodshed, we will have gone the exact same path that any non-thinking or even primitive organism would have taken, who don’t have opera or philosophy or poetry to their name.

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David Collet's curator insight, August 2, 2014 8:26 PM

A thoughtfull read.

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Mapping Where Electric Vehicles Actually Cause More Pollution Than Gas Cars

Mapping Where Electric Vehicles Actually Cause More Pollution Than Gas Cars | Sustain Our Earth | Scoop.it
A detailed geographic analysis counters the idea that EVs are always greener.
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Dutch city of Utrecht to experiment with a universal, unconditional income

Dutch city of Utrecht to experiment with a universal, unconditional income | Sustain Our Earth | Scoop.it
The Dutch city of Utrecht will start an experiment which hopes to determine whether society works effectively with universal, unconditional income introduced.
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Stanford/Princeton Researchers Expand on Extreme Weather - Climate Connection

Stanford/Princeton Researchers Expand on Extreme Weather - Climate Connection | Sustain Our Earth | Scoop.it
More on the study from last week, plus a new video from Stanford with author interviews. Here is the territory where a real scientific debate and detective story is being played out. Not in whether...
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Sugary drinks linked to high death tolls worldwide

Sugary drinks linked to high death tolls worldwide | Sustain Our Earth | Scoop.it
Consumption of sugary drinks may lead to an estimated 184,000 adult deaths each year worldwide, according to research published today in the journal Circulation and previously presented as an abstract at the American Heart Association Council on Epidemiology and Prevention in 2013.
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South Korea reports 32nd MERS death

South Korea reports 32nd MERS death | Sustain Our Earth | Scoop.it
South Korea on Sunday reported its 32nd death from MERS as the virus's mortality rate continued to rise even as the pace of the outbreak appeared to slow.
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First-ever possible treatments for MERS

First-ever possible treatments for MERS | Sustain Our Earth | Scoop.it
As the South Korean epidemic of Middle East Respiratory Syndrome (MERS) continues unabated, researchers have raced to find treatments for the deadly virus, which has killed more than 400 people since it was first discovered three years ago in Saudi Arabia.
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Food for thought: Use more forages in livestock farming

Food for thought: Use more forages in livestock farming | Sustain Our Earth | Scoop.it
Small-scale livestock farming in the tropics can become more intensive yet sustainable if more and better forage is used to feed the animals being reared. This could benefit farming endeavours in rural South Asia, sub-Saharan Africa, Central America and the Caribbean, and see a move away from the increased ...
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Soil water, microbes influence carbon in world's coldest desert, study finds

Soil water, microbes influence carbon in world's coldest desert, study finds | Sustain Our Earth | Scoop.it
Soil water and microbes' respiration contribute to fluctuations of carbon dioxide in the world's coldest desert, where climate change is expected to increase underground moisture and microorganisms, an Arizona State University and Dartmouth College study finds.
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Energy-Efficiency Efforts May Not Pay Off

Energy-Efficiency Efforts May Not Pay Off | Sustain Our Earth | Scoop.it
Weatherization and other energy-efficiency efforts may not be worth the cost, according to a new study
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California's Drought Is Part of a Much Bigger Water Crisis

California's Drought Is Part of a Much Bigger Water Crisis | Sustain Our Earth | Scoop.it
The problems are as much structural and systemic as they are natural
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"The Last Survivors” is drought's worst-case scenario -- and it looks pretty bad

"The Last Survivors” is drought's worst-case scenario -- and it looks pretty bad | Sustain Our Earth | Scoop.it
If your post-apocalyptic future involves the worst of water-privatization and hand-to-hand combat, you know you're really in for it.
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The surprisingly important climate policy moment that’s coming this week

The surprisingly important climate policy moment that’s coming this week | Sustain Our Earth | Scoop.it
The U.S.-China climate pact had huge implications. So might a U.S.-Brazil deal -- but in a very different way.
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The Coming Financial Apocalypse For U.S. Shale | OilPrice.com

The Coming Financial Apocalypse For U.S. Shale | OilPrice.com | Sustain Our Earth | Scoop.it
While even the biggest investment banks in the world cannot reach a consensus outlook for oil, the longer prices stagnate, the higher the risk of widespread defaults
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Farm Waste and Animal Fats Will Help Power a United Jet

Farm Waste and Animal Fats Will Help Power a United Jet | Sustain Our Earth | Scoop.it
Later this summer, United Airlines will begin using fuel generated from farm waste and oil from animal fats to help power its commercial flights.
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As Arctic Warms, Shrinking Ice Brings Unwelcome Surprises for Drillers, Shippers

As Arctic Warms, Shrinking Ice Brings Unwelcome Surprises for Drillers, Shippers | Sustain Our Earth | Scoop.it
David Barber is a fascinating speaker and great personality in the arctic ice world. His TED talk here dovetails nicely with the Stanford Research on Extreme weather profiled today, and yesterday's...
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Shell Rushes Back Where Wise Men Fear to Drill

Shell Rushes Back Where Wise Men Fear to Drill | Sustain Our Earth | Scoop.it
Obviously, drilling for oil in the Arctic is a stupid idea. A lot of people are angry with President Obama for approving the new effort by oil giant Shell, which is nudging a huge rig up the coast ...
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Pioneering study may explain the origin of several digestive diseases

Pioneering study may explain the origin of several digestive diseases | Sustain Our Earth | Scoop.it
There are numerous studies related to the absorption of nutrients from the stomach since understanding what happens in our digestive system is crucial, for example, in order to be able to avoid certain diseases. In the UK, a group of researchers from the Medical Research Council, led by Professor Dr. ...
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S. Korea fears MERS may have spread to new hospital

S. Korea fears MERS may have spread to new hospital | Sustain Our Earth | Scoop.it
South Korea on Saturday said it was closely monitoring a hospital in eastern Seoul over fears that hundreds of people there may have been exposed to the deadly MERS virus.
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Little faith in carbon capture in the EU and USA

Little faith in carbon capture in the EU and USA | Sustain Our Earth | Scoop.it
Pessimism prevails about the future of carbon capture and storage in both the USA and EU. This is despite the fine promises that it was precisely this technology that would save the oil and gas industry.
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Mankind's unprecedented transformation of Earth

Mankind's unprecedented transformation of Earth | Sustain Our Earth | Scoop.it
Human beings are pushing the planet in an entirely new direction with revolutionary implications for its life, a new study by researchers at the University of Leicester has suggested.
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Retreating sea ice linked to changes in ocean circulation, could affect European climate

Retreating sea ice linked to changes in ocean circulation, could affect European climate | Sustain Our Earth | Scoop.it
Retreating sea ice in the Iceland and Greenland Seas may be changing the circulation of warm and cold water in the Atlantic Ocean, and could ultimately impact the climate in Europe, says a new study by an atmospheric physicist from the University of Toronto Mississauga (UTM) and his colleagues in Great ...
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Does shame have a place in the climate fight? Jennifer Jacquet thinks so

Does shame have a place in the climate fight? Jennifer Jacquet thinks so | Sustain Our Earth | Scoop.it
The climate psychologist and author of "Is Shame Necessary?" explains why need more shame (and less guilt) if we're going to fix the climate.
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Here's the only explainer on California drought you need

Here's the only explainer on California drought you need | Sustain Our Earth | Scoop.it
What's up with the Colorado River? What are my water rights? Should I feel guilty about almonds? Answers to these questions and more.
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Barack Obama turns tables in David Attenborough climate change interview

Barack Obama turns tables in David Attenborough climate change interview | Sustain Our Earth | Scoop.it
US president has opportunity to put questions to naturalist but ends up admitting action on climate change must be global and quicker
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