Read read, plead plead
The Commons Created
At least land gets one mention! How are people to envisage that the most important commons created resource is not immediately visible or apparent? Land values must be the anchor to this new commons based future. Bryan Kavanagh says Although publicly-generated land rent was $325 billion, we chose to fine labour and capital to the extent of some $285 billion … Read More
Oil Magnates Clean Up on Tax Subsidies
photo credit: cdsessums Daniel Kocieniewski reports in the NY Times on how the US oil industry is using tax havens to avoid repaying the community for the privilege of mining the earth for all it’s worth. Kocieniewski reports that the oil and natural gas industry has spent US $340 million on lobbyists since 2008 for a $4 billion annual saving … Read More
Hudson on China’s Export Irrelevance
photo credit: JosephLeonardo Renegade Economists podcast Professor Michael Hudson discusses the G20 plans (austerity for prosperity), natural monopolies as wealth extracting machines and China’s possible isolationist future in light of its increasingly useless trade surplus. Listen here Music by Lucky Dragon