Every US president since Ronald Reagan has been telling the same myth: Tax gifts for the rich will trickle down to the rest of society. And society has has believed them. But trickle down has not worked and will never work. Robert Reich explains why in three minutes.
Climate Change
Aditya Chakrabortty – The Alternatives: German town takes power back from energy giants
Not only did the little community of Wolfhagen in Germany take over its electricity grid from the multi-national E.ON, but in the meantime has gone over to renewable energy. All of this in the hands […]
Economics
Pileus – An MMT interlude
The essential insight of Modern Monetary Theory (or “MMT”) is that sovereign, currency-issuing countries are only constrained by real limits. They are not constrained, and cannot be constrained, by purely financial limits because, as issuers […]
Economics
Diane Coyle on fixing Britain’s economy
Diane speaks to openDemocracy about industrial strategy, universal basic infrastructure, moving beyond GDP, and how to build an economy that works for the 21st century.
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