John Perkins: Stopping Economic Cannibalism

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John Perkins

Seeing Wetiko: We Must Reject Economic Cannibalism

When Milton Friedman won the Nobel Prize in Economics, he promoted the current story: “the only responsibility of business is to maximize profits, regardless of the social and environmental costs.” The rules governing business ever since reflect that story. That was in 1976, a time when financial capital was considered in short supply and nature abundant. No one was talking about peak oil or climate change. But that is no longer true. The situation has changed. The story and the rules must also change.

Tip of the Hat to Ty Simpson.

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Jan 14

Antechinus: Majority in US Believe Lies from Mainstream Media — Fake News about Iraqi WMD, For Example

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Antechinus

Majority Are Still Falling for Fake News

A new poll from YouGov shows that most Americans still believe that Iraq had weapons of mass destruction at the start of the Iraq war

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Jan 3

Yoda:: Technology Can Free People from Wage Slavery

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yoda with light saber“Technology can free people from wage slavery” – An Interview with Xavier Damman, Open Collective

So the internet so far is helping a lot of movements to exist but they cannot have economic power. Occupy Wall street is a good example of that compared to Podemos in Spain. The difference between them is that Podemos was able to turn the energy of the movement to a political party. To convince 85.000 to give them five dollars a month. And that makes the difference between a movement that’s gonna be ephemeral to a more established institution.

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Dec 10