Jean Lievens: Quantitative Easing with Integrity – NOT Involving Banks

03 Economy
Jean Lievens
Jean Lievens

Prominent Economists Who Advocate a Different Type of Quantitative Easing

EXTRACT

“Now more than ever, what the Eurozone needs is that injections of new money be directed to households, not to commercial banks   . . .   One good place to start is with the textbook example of printing money to finance consumption – sending every adult in the country a voucher that can be spent in the next three months.

CounterPunch: Collapsing US Economy

03 Economy, Corruption, Government

counterpunch squareThe Collapsing US Economy Paul Craig Roberts

John Williams (shadowstats.com) continues to measure the long-term discouraged with the official methodology of that time, and when these unemployed are included, the US rate of unemployment as of July 2015 is 23%. . . . An unemployment rate of 23% gives economic recovery a new meaning. It has been eighty-five years since the Great Depression, and the US economy is in economic recovery with an unemployment rate close to that of the Great Depression.

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Antechinus: US Unemployment 23% in July 2015 — ShadowStats

03 Economy
Antechinus
Antechinus

The ShadowStats Alternate Unemployment Rate for July 2015 is 23.0%

The U-3 unemployment rate is the monthly headline number (5%). The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment (11%). The seasonally-adjusted SGS Alternate Unemployment Rate for July 2015 is 23.0%.

Sepp Hasslberger: Basic Income as Liberation

03 Economy, 11 Society, Civil Society, Ethics
Sepp Hasslberger
Sepp Hasslberger

An idea whose time has come … and it will.

Why ‘unconditional basic income for all’ fails the ‘splutter test’ but would liberate the world

EXTRACT

Under the scheme we will still work, for people are productive and want more than a basic living. But we are less likely to remain in exploitative or soul-destroying jobs. Unpleasant jobs would tend to pay more, and glamorous jobs less. With the removal of the benefit trap, people are more inclined to experiment entrepreneurially, or invest more time in their hobbies. Some people would choose to work less, especially when raising children or when taking time off to study. Zero-hour workfare contracts could go and fuck themselves.

Jean Lievens: Social Europe on Digital Revolution – Impact on Work and Inequality

03 Economy, 11 Society, Advanced Cyber/IO
Jean Lievens
Jean Lievens

What Impact Does The Digital Revolution Have On Work And Inequality?

The following is a transcript of a Social Europe podcast in which Social Europe Editor-in-Chief Henning Meyer discusses the impact of the Digital Revolution on the nature of work and inequality with Michael A. Osborne, Associate Professor in Machine Learning and Co-Director of the Oxford Martin Programme on Technology and Employment at the University of Oxford.

EXTRACT

In our study we highlighted three bottlenecks to computerisation, as we call them. They were exactly creativity, social intelligence and perception or manipulation.

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