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Economics

Cooperativism in the Digital Era, or How to Form a Global Counter-Economy

Shareable Magazine - March 28, 2017 - 05:51

"What if this is not capitalism, but something worse?" McKenzie Wark's question eloquently summarizes the growing criticism of profit-maximizing business models within the so-called collaborative sharing economy.

Categories: Economics

The Way Toward Single-Payer Health Care—Even With This Congress

It’s likely that the Trump-Ryan failure will push state legislatures to consider expanding Medicaid—putting even more people under the public insurance system.
Categories: Economics

The Favela as a Community Land Trust: A Solution to Eviction and Gentrification?

Shareable Magazine - March 27, 2017 - 13:50

Inextricably linked to Rio de Janeiro's identity for more than a century, favelas today serve the essential function of providing affordable housing to nearly a quarter of the city's residents.

Categories: Economics

Michael Ableman: Urban Agriculture

Chris Martenson - March 27, 2017 - 10:30

Food security is a foundational cornerstone of resilience, which is why here at Peak Prosperity we recommend sourcing a substantial percentage of your food calories locally. Buy from nearby sustainable farms and, if at all possible, grow some of your own food yourself.

While many of our readers are now doing exactly this, we commonly hear how difficult it can be to follow these steps for those living in the suburbs or large cities.

In today's discussion, Michael Ableman walks us through how farming in our cities is indeed possible. In fact, it not only results in healthier foods, but in healthier communities, too.

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Categories: Economics

Michael Abelman: Urban Agriculture

Chris Martenson - March 27, 2017 - 10:30

Food security is a foundational cornerstone of resilience, which is why here at Peak Prosperity we recommend sourcing a substantial percentage of your food calories locally. Buy from nearby sustainable farms and, if at all possible, grow some of your own food yourself.

While many of our readers are now doing exactly this, we commonly hear how difficult it can be to follow these steps for those living in the suburbs or large cities.

In today's discussion, Michael walks us through how farming in our cities is indeed possible. In fact, it not only results in healthier foods, but in healthier communities, too.

Join the conversation »

Categories: Economics

Podcast: Jessica Gordon Nembhard on the History and Power of African-American Cooperatives

Shareable Magazine - March 27, 2017 - 09:07

In this interview, we spoke with Jessica Gordon Nembhard, professor of community justice and social economic development at the City University of New York and author of Collective Courage: A History of African American Cooperative Economic Thought and Practice. The conversation centered around the history of solidarity economics — particularly worker co-operatives — within the African American community.

Categories: Economics

Daily Digest 3/27 - Sad Signs Of Collapse, The Quest To Live Forever

Chris Martenson - March 27, 2017 - 08:39
  • Dollar, Equities Slide as Trump Trade Shows Cracks: Markets Wrap
  • Steve Mnuchin Is 'Not Worried at All' About Machines Displacing American Workers
  • Top US coal boss Robert Murray: Trump 'can't bring mining jobs back'
  • Sad Signs Of A Collapse
  • Silicon Valley's Quest To Live Forever
  • Information Wars: A Window into the Alternative Media Ecosystem
  • Self-Driving Cars May Just Be the Start
  • The North Atlantic may get its first-ever named storm in March next week

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Categories: Economics

Daily Digest 3/26 - One Step From Meltdown, Trump Vs. Congress

Chris Martenson - March 26, 2017 - 09:10
  • Upset in France would have bigger impact here than Brexit or Trump
  • Trump Vs. Congress: Now What?
  • GOP Eyes Tax Overhaul -- And Lessons From Health-Care Failure
  • One Step From Meltdown
  • JNUG up, Stalled? Sell now or get JDST? What happens May 1
  • Russian Roulette, Central Banks, and Gold
  • OPEC In Trouble As Saudis Becoming Weary Of “Free Riders”
  • Food Waste, No More—Scientists Have Figured Out A New Use For Orange Peels

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Categories: Economics

Why This Market Needs To Crash

Chris Martenson - March 24, 2017 - 19:12

Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today's markets are dangerously overpriced.

Strange as it may sound, it's our opinion that the sooner a major market correction happens, the better. Crash now while there’s still chance of picking up the pieces afterwards and making something useful from them. The longer we push off the inevitable fall, the more destructive it will be and the more difficult it will be to recover from.

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Categories: Economics

Positioning Yourself For The Crash

Chris Martenson - March 24, 2017 - 09:05
Executive Summary
  • Why economic growth is not going to ride to the rescue
  • The alarming warning signs the auto, fine art, retail & housing industries are flashing now
  • The actions you should be taking now to protect yourself from (and position for) the coming crash

If you have not yet read Part 1: Why This Market Needs To Crash  available free to all readers, please click here to read it first.

Sometimes I wonder if I'm ever going to run out of new things to say about the state of the world, especially economics.  The more obvious our predicaments become to me, the less appetite there seems to be ‘out there’ to discuss them.

What more can be said about a system that is so obviously corrupt and destined to fail, and piles up more and more evidence that this is the case, and yet refuses to engage in the most minimal of introspection? 

Well, lots as it turns out. 

You see, we're finally getting to beginning of the end.  Our long national -- and global -- experiment with using flawed economic models is now running smack dab into reality.

The edifice of central planning omnipotence is crumbling and when it finally breaks down in earnest, the financial markets will implode, the central banks will be overrun and discredited, and investors will discover that overly-long parties come with massive hangovers.

There will be hell to pay.

For reasons we have discussed previously, and extensively,  GDP growth has not been a feature of the world stage for over a decade, and is unlikely to return both because of debt levels that are far too high to support rapid growth and because any return of rapid growth will run smack into higher oil prices.

So…how’s that story working out?  Not so hot.  It’s been sub-par on a global scale for more than a decade. And the same is true for the US.

And here’s where we are today...

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Categories: Economics

Daily Digest 3/24 - Good News Friday: Detroit Saved By Art, Treating Money Like Food

Chris Martenson - March 24, 2017 - 08:43
  • Detroit Exits Bankruptcy, Thanks to Its Art Museum
  • Want A Fat Bank Account? Treat Money Like Food
  • The microbes in your body that you couldn't live without
  • Dakota Access pipeline: ING sells stake in major victory for divestment push
  •  These Cities Are Pulling Billions From the Banks That Support the Dakota Access Pipeline
  • Americans Ate 19% Less Beef From ’05 to ’14, Report Says
  • The Penguins That Take A Morning Bath
  • Energy carbon emissions in 2016 flat for third year: IEA

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Categories: Economics

ING Bank Just Divested Their DAPL Financing—We All Helped to Change Their Mind

Last month, bank officials met face to face with leaders of the Standing Rock Sioux, and this week they announced the bank had sold the loan at the request of tribal leaders.
Categories: Economics

Off The Cuff: Weariness Everywhere In The Markets

Chris Martenson - March 23, 2017 - 13:43

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Weariness Everywhere In The Markets
    • The post-election price support is evaporating
  • Confused Leaders
    • Chris recaps his latest meetings at the U.N.
  • Boomer Guilt
    • Divisions between the older haves & younger have-nots are growing
  • Banks & Government
    • A partnership of evil

Charles returns to Off The Cuff this week to note the recent lack of vigor in today's financial markets. Does it portend a turning point?

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

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Categories: Economics

How L'Atelier Paysan Cooperative in France Supports Independent Farmers

Shareable Magazine - March 23, 2017 - 08:23

L'Atelier Paysan is a French cooperative that works with farmers to design machines and buildings adapted to the specific practices of small farm agroecology. In addition to distributing free plans on its website, L'Atelier Paysan organizes winter self-help training sessions, during which farmers train in metalworking and build tools which they can then use on their own farms.

Categories: Economics

Daily Digest 3/23 - Financial Collapse Will Trigger Civil War, Valuing Military Over Energy

Chris Martenson - March 23, 2017 - 06:12
  • Inside the secret Trump lobby that wants to profit from the break-up of Iraq
  • Doug Casey: Financial Collapse Will Trigger Civil War
  • What’s Next For The Dollar, Gold & Stocks?
  • The New Subprime Risk
  • Don’t look now, but the market’s big money is eyeing the exit
  • Democrat Leader On Sound Money: “In 1868 Gold Was $27 An Ounce… Today It Is $1,218… So You Can’t Say Gold Will Protect Us From Inflation”
  • Omaha’s Answer to Costly Potholes? Go Back to Gravel Roads
  • The Meaning Of Life (Part 1)
  • Inside Alabama’s Auto Jobs Boom: Cheap Wages, Little Training, Crushed Limbs
  • Trump’s Budget: Valuing Military Over Energy

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Categories: Economics

Just 2 Weeks To Go!

Chris Martenson - March 22, 2017 - 19:33

If you've been thinking about attending this year's annual Peak Prosperity seminar in Rowe, MA (April 6-9), time is running out to make your decision.

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Categories: Economics

Q&A: LibreTaxi's Roman Pushkin on Why He Made a Free, Open-Source Alternative to Uber and Lyft

Shareable Magazine - March 22, 2017 - 12:17

With all the controversy engulfing the global ride-hailing giant Uber, there is more attention on alternative platforms that meet people's transportation needs and don't have the company's ethical baggage. One of the newest and most promising alternatives is LibreTaxi, founded by Roman Pushkin, a San Francisco-based developer and architect with a decade of experience in the technology sector.

Categories: Economics

This Invention Lets Rural Hondurans Clean Their Water — And Own the Treatment Plants

Shareable Magazine - March 22, 2017 - 10:37

Doña Reina remembers the water that ran from the faucet at her home in rural Honduras. It was yellowish, opaque, she said in Spanish, and "y sucia," which means dirty. Then, in 2008, her small village of Tamara received its first water treatment plant, a gravity-fed system made of locally sourced materials that was designed by engineering students in the U.S. Today, Reina's water is clean enough to drink from the tap.

Categories: Economics

Daily Digest 3/22 - IL Unpaid Bills Hit Milestone, Pension Woes Continue

Chris Martenson - March 22, 2017 - 06:17
  • Illinois teachers' pension spiking continues despite $130 billion deficit
  • Rising Pension Debts Checking Muni Supply, Morgan Stanley Says
  • Is the Dallas Police and Fire Pension Crisis the Canary in a National Coal Mine?
  • Illinois' Unpaid Bills Hit Milestone
  • Is Le Pen miles ahead in French polls? 'Secret polls' claim National Front candidate is actually far more popular with voters than official surveys forecast
  • The Balance Sheet Worry for Global Central Banks
  • BOJ’s mission to reflate economy incomplete

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Categories: Economics

The Superrich Have Profited From a Broken System—And Their Money Alone Won’t Fix It

Giving back requires humility. It will be a true test of learning new skills.
Categories: Economics