🌍 The next major financial crisis is born in the climate crisis – but a new economy can stop it As forest fires, floods and storms become everyday life, insurance companies are pulling back. Houses are becoming uninsured. Banks are stopping lending. Property values are falling. People are losing both their homes and their security. More and more people are now warning that this could be the start of a new global…
Category: Climate
The crisis of hyperglobalization – and the path to a new green Bretton Woods
The crisis of hyperglobalization finally arrived. For several decades, the world had been governed by one idea: that more trade, more deregulation and more global capital mobility would automatically lead to prosperity. In the report “Out of the Ashes into the Fire,” Stefan de Vylder calls the period from 1980 to 2016 the era of hyperglobalization – an era in which the economy became increasingly…
Saving the world starts with local protests
How do we save democracy, world peace, the climate and nature? Democracy wins the people and vulnerable groups through local protests historically. If they are of sufficient public interest, they spread. Today's capital is built on fragile international systems such as just-in-time. These are very sensitive to disruptions. If local protests spread, this could have a major effect. Could red-green…
Cooperation, care and human success - from the Stone Age to today
Stone Age Stone Age people survived not because they were the strongest or fastest, but because they could cooperate and care for each other in unlimited numbers. Researchers have found graves that show that even people with disabilities were cared for and buried with respect. This tells us that society depended on everyone…
The worst consequences of neoliberalism - from economic to social disaster
The consequences of neoliberalism are profound and devastating. From greedflation and right-wing extremism to the risk of global war and climate catastrophe, this ideology undermines society's stability, health and future. Economic inequality and reduced democratic rights threaten future social cohesion and global peace. Greedflation after 2020 Companies raise prices well above their cost increases to maximize profits. This phenomenon,…
The Sweden Democrats are not social democrats
The Sweden Democrats and Neoliberalism's Discontent The far-right Sweden Democrats (SD) have emerged as a decisive political force. The Dissatisfaction Party capitalizes on the dissatisfaction that many Swedes feel with neoliberalism. Neoliberalism brings cutbacks, layoffs, market solutions, deregulation and privatization. In recent decades, this has led to widening gaps between rich and poor. Many ordinary citizens have experienced long-term unemployment,…
MMT can solve the third world debt problem
Global economic experts are increasingly questioning the current system's effectiveness in dealing with debt crises. A central figure in this debate is Martin Guzman, a prominent economist and former finance minister of Argentina. He, along with other influential voices, argues that the ambitious framework that emerged after the Second World War is no longer suitable for today's…
Work for all provides a more stable, state-regulated mixed economy
Work for all is the goal society must have. Brilliant text on the benefits of full employment and its positive side effects. Niklas Blomqvist questions the idea that the market itself can create full employment. For example, Blomqvist points out that attempts to follow this path in the last thirty years have not produced the desired results. He emphasizes that work for…
Why should we not say loans about government deficits
It is the term loan that is so misleading and could be misused to borrow from capitalists or abroad. Technically, it is not a loan either. The state can request that the people do the best they can and the state must help the people according to its ability. Then the state directs or helps the people by creating money…
Biden must not forget the poor
The Democrats' promises to create a long-term and stable way forward for America's poor have unfortunately not been fulfilled by the party. Although President Biden has managed to get the economy back on its feet after the straining pandemic, it looks like many of the temporary support programs are now being dismantled with no replacement options on…