BY BERNIE SANDERS in the New York Times: WALL STREET is still out of control. Seven years ago, the Federal Reserve and the Treasury Department bailed out the largest financial institutions in this country because they were considered too big to fail. But almost every one is bigger today than it was before the bailout. If any were … Continue reading Bernie Sanders: “To Rein In Wall Street, Fix the Fed”
By Mark Blessington Have you ever wondered why publicized unemployment is so low yet so many people don’t have jobs? The U.S. Department of Labor announced that unemployment in October was 5 percent. The details in the same report, however, show that 37 percent of our working age population did not have a job in … Continue reading The Truth About Unemployment
The Econ4 network of teachers, professors, practitioners, students and others are working to shift how economics is understood, taught and practiced. We’re now launching a video contest to crowdsource as many short, 3 minute videos about “Greed” as possible. We will distribute many of these across our network and beyond. The contest is patterned after the … Continue reading CALL FOR ENTRIES: Greed! A Video Contest from Econ4
Richard Gunther, Ohio State University On November 3, Ohio voters approved by a margin of 71% to 29% a constitutional amendment that will greatly reduce, or even eliminate, the gerrymandering of state legislative districts beginning in 2021. Ratification of Issue 1 by the voters followed its approval by bipartisan votes of 28-1 in the Ohio … Continue reading Ohio strikes blow against gerrymandering
Corpocracy is the absurd reality of our society in which corporations and their interests are allowed to have dominance over the economic and political systems. Through the subversive imagination, the artist works toward a transformation of social consciousness. WATCH: The show features 13 artists including, Beehive Design Collective, Michael D’Antuono, Ron English, Clark Fox, Kenneth … Continue reading VIDEO: Corpocracy – at the Station Museum of Contemporary Art
Ethan Zuckerman, Massachusetts Institute of Technology A few days ago – October 30 – MIT’s Media Lab celebrated its 30th anniversary. The Media Lab is a place that takes very seriously the idea that we can invent a better future and have it spread around the globe. It’s a place that’s helped invent things that … Continue reading Can innovators build a future that’s both disruptive and just?
Considered one of the world’s most controversial artists, Michael D’Antuono is known for making art that challenges people to think more deeply about sociopolitical issues. His collectors range from Arnold Schwarzenegger to Pete Seeger and his work has received high praise from fellow artists Shepard Fairey and Banksy. What made you decide to dive into this sort of … Continue reading Art & Response: An Interview with Michael D’Antuono
Yoshua Okón was born in Mexico City in 1970 where he currently lives. His work has been described as “a series of near-sociological experiments executed for the camera, blends staged situations, documentation and improvisation and questions habitual perceptions of reality and truth, selfhood and morality.” Okón challenges the assumptions we make as so many of us live our lives … Continue reading Questioning Reality: Yoshua Okón’s Videos of Alienation
Clark V. Fox (aka Michael Clark), the “Godfather of modern underground art,” started making art full time in Houston, Texas at age 5 and has never slowed down since. “Art chose me: I’m an American Indian, and Indians make stuff. My father carved. My mother painted. when I was five, I’d go up and down the … Continue reading The Struggle Against Joyless Materialism: The Art of Clark Fox
Social practice is an art medium that focuses on social engagement, inviting collaboration with individuals, communities, and institutions in the creation of participatory art. For artist Kenneth Tin-Kin Hung, social practice meant taking on the very foundation of capitalist society – money. Running out of money? What’s an artist/entrepreneur to do? Why not make like the Federal … Continue reading Make it Rain (∄MIR): The Social Practice of Kenneth Tin-Kin Hung
The works of Spanish-born artist Eugenio Merino deal with matters such as politics, religion and society with the purpose of making us question our assumptions – the truth we are told by society, by the images and constructs of the dominant culture. “My work is about our relation with the world we live in and … Continue reading Art Against Inequality: The Works of Eugenio Merino
This course is an economic history of what happened to ordinary American people and families from about 1930 to 2010. From the late 1940s to about 1980 ordinary people and families in the United States enjoyed a tremendous increase in their prosperity and quality of life, especially when compared with the conditions that existed during … Continue reading Free Online Class: “The Creation and Destruction of the Great American Middle Class (1930-2010)” with Professor Stanley Stasch
We’ve just begun a partnership with Huffington Post – and we invite you to join us. It’s worth repeating why we’re doing this: Capitalism must evolve to serve the needs of all citizens, not just the very affluent. Our goal is to discuss the 14 Shortcomings of Capitalism and systematically analyze the problems and potential solutions. … Continue reading Our Partnership with Huffington Post – Join Us!
Hedrick Smith is a Pulitzer Prize-winning former New York Times reporter and editor, and Emmy award-winning producer/correspondent. He has won most of television’s top awards including two Emmys and two Dupont-Columbia Gold batons for the best public affairs programs on U.S. television in 1991 and in 2002. His current best-seller, Who Stole the American Dream … Continue reading WATCH: Hedrick Smith on Who Stole the American Dream?
Since the Japanese Quality Revolution of the 1970s and 80s, companies have been obsessed with hearing and incorporating the “Voice of the Customer” into their management systems and processes. Many still struggle to incorporate this elusive voice effectively–to be truly customer driven. Indeed, many firms are still on the journey to learn how to “build … Continue reading Listening to the Voice of the Planet
In April 2015, Capital Institute released Regenerative Capitalism (by John Fullerton) at an event hosted by Yale University. John Fullerton is the founder and president of Capital Institute, “a collaborative working to explore and effect the economic transition to a more just, regenerative, and thus sustainable way of living on this earth through the transformation of finance.” Through the … Continue reading REPORT: Regenerative Capitalism
Many a bitter fight is waged over tax policy. How high should sales taxes go? How should we tax personal income? What deductions should be allowed? Should all income regardless of the source be treated the same? Most countries have a similar list of income classes: the poor, the working class, the middle class, the … Continue reading A Note on Progressive Taxation of Personal Income
Lisa Sideris, Indiana University, Bloomington When the former Cardinal Jorge Mario Bergoglio chose Francis as his papal name, he signaled to the world a dual commitment to sustainability and the global poor. His namesake, Saint Francis of Assisi, was a man of poverty and peace who loved nature and animals, and is said to have … Continue reading With encyclical, Pope Francis elevates environmental justice