The End of Money Christodoulos Panayiotou, 2008, (2008) Shredded money 600 (diameter) x 240 (height) cm Courtesy of the artist & Rodeo Gallery, Istanbul Installation photo Witte de With 2011: Bob Goedewaagen Opening: Saturday 21 May 2011 (6 – 9 pm) Performance by Goldin+Senneby at 7 pm Film Screening: Sunday 26 June 2011 (12 – 6 pm) The Economics of Happiness (2011) Economic globalization has led to a massive expansion in the scale and power of big business and banking. It has also worsened nearly every problem we face: fundamentalism and ethnic conflict; climate chaos and species extinction; financial instability and unemployment. There are personal costs too. For the majority of people on the planet life is becoming increasingly stressful. We have less time for friends and family and we face mounting pressures at work. The Economics of Happiness describes a world moving simultaneously in two opposing directions.
The Occupy Card The Occupy Card will provide the basic financial services that people need and use on a daily basis without the cost, or the balances required for a regular bank account.The Occupy Card will be an individual’s debit card, a savings facility, and a “virtual checkbook” all rolled into one easy-to-use package: a “bank on a card”. The Occupy Card is an innovative financial product that everyone can use. There will be no upfront cost. The card will be 99c per month. Introduction Money is a social construct, a human invention. We can redesign it to fulfil our needs. What is conventional money? Money is not a given.
The Tyranny of Political Economy by Dani Rodrik Exit from comment view mode. Click to hide this space CAMBRIDGE – There was a time when we economists steered clear of politics. We viewed our job as describing how market economies work, when they fail, and how well-designed policies can enhance efficiency. We analyzed trade-offs between competing objectives (say, equity versus efficiency), and prescribed policies to meet desired economic outcomes, including redistribution. It was up to politicians to take our advice (or not), and to bureaucrats to implement it. The Visionary Commons We’ve been enculturated to think of economics as a cold, boring, academic subject devoid of connection to humanity’s heart and soul. In fact it is intimately connected and potentially one of the most juicy, alive, rich ways of understanding and evolving our humanity, our purpose and our future. Economics is one of the most essential fields of agreements on how we hold our collective self-image, how we develop our collective self esteem. It is how we agree to take care of each other – how we hold every other human being on the planet in relationship. It holds the promise of manifesting a system of intrinsic love, social justice and caring into society.
Basic Income Gathers Steam Across Europe Barcelona. In the last few months basic income—an unconditional cash payment to every member of the population—has been getting more and more attention in the media and social networks. Three items are especially interesting. First, Yanis Varoufakis, the able Greek economist, Minister for Finance in the first Syriza government and well known for his trenchant opposition to Troika austerity measures bashing the poor and already vulnerable majority of the population, has become such a media star that every time he gives an opinion on political economy, some theoretical aspect of economics or economic policy, his words are widely disseminated. Hence, his remarks on basic income, which he described as “a necessity” at the Future of Work conference in Zurich on 5 May 2016, are of no small import. In a filmed talk lasting half an hour Varoufakis, incisive and original as always, reframed the debate.
alternative banking group - The Daily Occupation Mother Jones has an article about the Alternative Banking Group, an arm of the Occupy Wall Street protests that has received support from the New York GA. In addition to helping OWS propose meaningful reforms and navigate the ins and outs of financial agencies, they also provide education and outreach. The article follows Cathy O’Neil of the group in particular, giving a look into her mindset and what led her to join OWS: After studying number theory at Harvard and completing a mathematics post-doc at MIT, [O'Neil] joined D.E. Shaw in 2007, where her job was to use mathematical reasoning and statistical modeling to predict movements in the market.
Passengers on Beijing subway pay with plastic bottles Contact us Passengers on Beijing subway pay with plastic bottles Posted on August 11, 2013 by elma ‹ What to Buy Organic The wrecking society: Economics today - Opinion There is an old story from the heyday of the Soviet Union. As part of their May Day celebrations they were parading their latest weapon systems down the street in front of the Kremlin. There was a long column of their newest tanks, followed by a row of tractors pulling missiles. Behind these weapons were four pick-up trucks carrying older men in business suits waving to the crowds. Seeing this display, the Communist party boss turned to his defence secretary. Why Disruptive Change Points to a New Humanism in Banking Many use the term “disruption” to describe the upheaval we’re seeing in the financial services industry. But I believe we are witnessing a “phase-change”—a deeper transformation of how banking and business in general are done, caused by the fragmentation of everything and an unprecedented and unsurpassed period of evolutionary innovation-—what might be called a “Cambrian explosion.” In the run-up to Techonomy 2012, I contributed an article entitled “The Six Ways Organizations Can Survive Until 2100.” Six months later, my essays “Dystopian Futures” and “Drowning In Data, Banks Must Learn To Surf” elaborated on my thinking.
Introduction What is degrowth actually about? Degrowth is a perspective and an emerging social movement, which in the last few years brought together a multitude of projects and ongoing debates around alternative economies. The main idea of degrowth is an economy and society which aims for the well-being of all and for ecological sustainability. One key conviction is that social and ecological global justice can only be achieved when the destructive economic activities of the global North are reduced. Degrowth criticises the current framework of society, which always calls for “higher, faster, further”, as well as connected phenomena like acceleration, excessive demands, marginalization and the destruction of the global ecosystem. A fundamental change in the growth-oriented methods of production and ways of life as well as an extensive cultural change are thus considered necessary.
Meet the Financial Wizards Working With Occupy Wall Street Cathy O'Neil, a participant in the Alternative Banking GroupJosh Harkinson High up in a Manhattan conference room on Sunday, a group of investment gurus discussed Occupy Wall Street. Should they support a set of tough-sounding financial reforms just proposed on the campaign trail by presidential candidate Jon Huntsman? Or was it reasonable to demand even deeper reforms? Google once considered issuing currency February 28, 2012, 1:52 PM — Google once considered issuing its own currency, to be called Google Bucks, company Chairman Eric Schmidt said on stage in Barcelona at the Mobile World Congress Tuesday. At the end of his keynote speech, Schmidt hit on a wide array of topics in response to audience questions. "We've had various proposals to have our own currency we were going to call Google Bucks," Schmidt said. The idea was to implement a "peer-to-peer money" system. However, Google discovered that the concept is illegal in most areas, he said.