The world is experiencing a twofold crisis. On the one hand, the global, virtualised economy is collapsing and, in its fall, it is bringing down significant sections of the real economy. On the other hand, the environmental collapse of the planet is also marching on, and there is no clear sign that this may stop soon, for the most commonly discussed paths for economic recovery seem to rely upon further spoliation of the Earth’s life support systems. In this book chapter, the reader is to encounter an account of this twofold crisis in light of the deeper axiological grounds that are causing it. To this end, the present author refers extensively to the theory of value developed by Canadian scholar John McMurtry, according to whom: “[F]inancial crises always follow from money-value delinked from real value, which has many names but no understanding of the principle at its deepest levels.”
0.0 Capitalism and freedom is not only the title of a 1962 book by Milton Friedman playing a pivotal role in asserting worldwide the neoliberal paradigm, but also the slogan that leading statesmen, politicians and opinion-makers have been heralding in recent years, in order to justify, amongst other things, the slashing of welfare states and the invasion of foreign countries…
Reproduced from: https://www.bl.uk/collection-items/devolution-a-road-map Devolution: a road map Document type Paper Publisher Local Government Information Unit Date of publication 4 June 2015 Subject(s) Social Policy, Community Development and Regeneration Download (1.6MB ) This paper outlines proposals to invert the current relationship between central and local government by creating a locally led process of devolution in England,… Read More
It all started last week, when I had another flare of my recurrent joint problems, which are usually triggered from stress at the workplace that appears to be going from bad to worse. I have been trying to wean myself off steroids for the inflammation in my joints over the year, but each time I… Read More
In late 2015 I published a book called “Breaking the Cycle” in which I drew attention to the political tribalism from which our country has suffered since 1967. I also focused on the need for constitutional, governance and electoral reform. I documented the excesses of the Douglas Government up to and including the 2015 general election. I suggested that the result of that election won by Team Unity, a coalition of three political parties, raised hope that the never ending cycle of political tribalism would be broken. I warned however that change was not guaranteed. I wrote the following at the end of the first chapter: “Previous governments quickly fell into the entrenched partisan ways with the leaders consolidating power around themselves and their close associates. Will the new Prime Minister, Timothy Harris and his Team Unity government do the same? The jury is out and the clock is ticking.”
The purpose of this commentary is to reflect on where the country is four and a half years later.
In November 1937, Marcus Garvey spoke at the MIS Hall, Lower Market Street. He said, “Your island is your garden of Eden”. “You must work and get things for yourself”.
Bob Marley sang similarly: “Not one of my seeds / Shall sit in the sidewalk and beg bread” (So Jah Seh, 1974).
Seeking after government handouts is like sitting in the sidewalk and begging bread. This is exactly what programmed dependency encourages. A mentality of getting things without effort.
Programmed dependency exists when otherwise able adults are officially categorized as poor without scientific assessment including means-testing. Such persons may be given money from the Treasury without performance conditions. If not money, a contract, house or land may be part of the giving and receiving.
…. Read More
This report makes explicit the links between health and the local economy, their interdependence, and the action that local authorities and their partners can take to ensure that health and wellbeing are key considerations in local and regional economic development strategies.
06 Feb 2019
Ensuring that the local economy benefits everyone – sometimes known as ‘inclusive growth’ – is a priority for local government.
The concept of inclusive growth was originally developed by economists working in developing countries, when organisations such as the World Bank realised that economic growth was not always resulting in the reductions in inequality and increases in living standards that had been expected.
There is increasing evidence that the benefits of wealth and a flourishing economy will not simply ‘trickle down’ to the poorest sections of society.
Much of the work that Government can do to improve the economic prosperity of a country takes place at the national level. But the way local authorities tackle issues of local economic development can also make a positive difference to the wellbeing of the communities they serve.
Across the country, local authorities, supported by their public health teams, are making valiant efforts, in the face of significant financial constraints, to make this aspiration come true.
The issues discussed here and the many examples of good practice will help ensure that, when it comes to our work of economic development, nobody is left behind.
Obesity is still increasing in prevalence in almost all countries and is an important risk factor for poor health and mortality. The current approach to obesity prevention is failing despite many piecemeal efforts, recommendations, and calls to action. This Commission following on from two Lancet Series on obesity looks at obesity in a much wider context of common underlying societal and political drivers for malnutrition in all its forms and climate change. The Commission urges a radical rethink of business models, food systems, civil society involvement, and national and international governance to address The Global Syndemic of Obesity, Undernutrition, and Climate Change. A holistic effort to reorient human systems to achieve better human and planetary health is our most important and urgent challenge.
Human economies can be understood in more than one way.
- The private business economy is what economics textbooks are generally about.
- The public purpose economy consists of governments and their agencies as well as non-profits and international institutions like the World Bank or the United Nations. The public purpose economy is a collection of institutions that are justified by their stated intention to act for some broader good than their own profit or enrichment – though they may differ widely in their definitions of what is “good”.
- The core economy is where households and communities carry on their internal activities of production, distribution and consumption. The core economy’s justification and purpose is the survival and well-being of its members. It is located in home, family, and neighborhood; places that function as markets for emotional, social, and civic transactions. This paper will consider some distinguishing characteristics of these three economies – in particular: their goals or justifications; what currency they use; what kind of demand they respond to; and how they define and reward work.
The second half of the paper will offer reflections on the harms caused by an excessive dominance of the private business economy over the other two, with thoughts on some of what will be required to redress this balance. It will conclude with an image of a healthier relationship between humanity and our natural environment – a relationship that will inevitably come about, whether we choose to move into it positively, or are forced into it by breakdowns in all of our economies resulting from natural and social disasters.
Yesterday, a soundclip recorded at a political rally the night before was being circulated on social media which troubled me dearly, as the tone and message was confrontational, gangster in style, and negative in its nature.