Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

May 5, 2014

Democracy in the Workplace: All About Collectives


Three worker-owned businesses show what it's like to work collectively, manage a business and deal with problems in a truly democratic way. The Cheeseboard Bakery and Cheese Shop with 18 workers, Rainbow Grocery with 150 workers, and Inkworks Press with18 members, all located in the San Francisco Bay Area, are successful worker-owned businesses, and members of NoBAWC.
Margot Smith, Videomaker
www.offcentervideo.com. OffCenterVideo@aol.com

May 3, 2014

Dr Richard Wolff and Gar Alperovitz



Richard Wolff and Gar Alperovitz are both members of the Green Party and of Jill Stein's Green Shadow Cabinet. Here they share insights into Democracy in the Workplace, and worker control of the means of production.

May 2, 2014

Ben Fine: Intro to Marxist Economics (Part 2)


Ben Fine from SOAS University explains the fundamental ideas of Marxist Economics as a part of lecture series "What you won't learn in an economics degree: an introduction to heterodox economics".

The lecture was hosted by Post-Crash Economics Society Manchester and Manchester's Political Economy Institute.

June 5, 2011

Austan Goolsbee falls on his face

I know that this is old, but I didn't see it until recently, and I'm surprised that nobody else has said much of anything about how terribly this interview went. Instead of editing the interview so that it was more funny, they had to edit it so that Mr Goolsbee looked like he performed better than he actually did:

The interview that aired on Comedy Central:


The extended Interview:

Part 1:




Part 2




Part 3





Colbert was doing something he normally does not do, and pitched Austan Goolsbee softball question after softball question, and Austan Goolsbee flubbed every single answer, answering with GOP talking points, as though Colbert were a Fox News anchor, and Goolsbee was going to somehow butter Colbert up and win political points. This isn't just a failure of Austan Goolsbee to realize that Colbert's job in the mediascape is to play a foil to the conservatives, by creating a parody of them.

Apparently, the Obama Administration has decided that the way to win in 2012, is to concede every single unfounded GOP talking point and let the GOP and Tea Party frame the entire debate.

By advocating for raising taxes on the rich, while conceding that "government hasn't created one job" (which is absurd, as any police officer, firefighter, librarian, or schoolteacher can tell you) and that Government has no role to play in the economy, Obama's administration continues to lose the message battle in defense of government.

And this isn't limited to just this interview. Digby has more on how this has been an administration-wide failure.

If you look how many Wall Street crooks, aka "Business community" members have become a part of Obama's administration, look at where $7.9 million in campaign contributions came from in 2007 and 2008, it's no wonder the Obama Administration has been falling all over itself these past 3 years to kiss the Wall Street Oligarch's buttocks, and why they are "losing" the message battle.

Obama and his administration aren't losing the battle. They aren't even fighting it.

November 30, 2010

Welfare Talking Points #1




So after my last video on how to fix the USA’s economy, I saw a lot of ignorant comments in the comments section about WELFARE.

They weren’t NEW ignorant comments, they were the SAME ignorant comments that you hear over and over. Apparently nobody out there is challenging people on their declarations, and allowing the virus of ignorance to spread.

So I wanted to make a list of facts and talking points for progressives when confronted with these conservative... well, let’s call them what they are-- they’re LIES, and stop the spread of ignorance in it’s tracks.

So let’s go down the list, and tackle them one by one, shall we?

1) Welfare spending is the reason our government is in debt.
FALSE.

If you had the choice between giving somebody a dollar and getting back either $1.50 or $0.80, which would you choose? Hold that thought.

According to USGovernmentspending.com The Federal Government is committed by law to spending 557 billion on welfare in the year 2010. Which seems like “Oh my! That’s a lot of money!” Which, for one person, yeah it is. But for our federal government, not so much.

Especially when you compare that to the $895 billion we’re committed to spend, by law on Defense spending. Which doesn’t account for the $711 billion in our discretionary spending on stuff like the War in Iraq and Afghanistan, and useless cold war-era weapons that we don’t even use, and never will.

Next you have to take into account what we get for those dollars spent.
Most economists agree on the following figures, including conservative ones:
Welfare spending has a fiscal multiplier of about 1.5-- while military spending has a fiscal multiplier of 0.8.

To which you might say, “wow, you just said some numbers, but what the hell does that mean? It means that for every dollar our gov’t spends on welfare, we get one dollar and fifty cents back in the form of GDP. With military spending, for every dollar we spend, we get back $0.80.

That seems really stupid. And that’s because it is. Which is why politicians frame their arguments about or disgustingly wasteful military spending as being “patriotic” or “supporting the troops.”
How much support actually goes to our troops? You, know, like after they come back from getting shot at and having their legs blown off?

According to the White House’s own figures, we’re slated to spend $125 billion on veterans affairs. And we all know about staffing shortages and underfunding that goes on in our VA system. So clearly this isn’t about supporting our troops.
For those who don’t care about human lives, and only the hard economics, I want to ask you again: If you had the choice between giving somebody a dollar and getting back either $1.50 or $0.80, which would you choose?
Now for the humanitarians out there, if you had to choose between giving somebody a dollar to feed their family, knowing you’d get back $1.50, or give somebody $1 knowing that your next door neighbor would have his legs blown off and you’ll only get back $0.80, which would you choose?

November 20, 2010

Thank you again, Tom Tomorrow



I don't know if Tom Tomorrow gets paid by visits to his Salon.com column space or not. So click the cartoon just to be sure he gets the $0.05 he's due.