Best-selling author and historian Yuval Noah Harari writes: As we enter the post-industrial world, the masses are becoming redundant. Biotechnology and the rise of Artificial Intelligence may split humankind into a small class of ‘superhumans’ and a huge underclass of ‘useless’ people. Once the masses lose their economic and political power, inequality could spiral alarmingly.
A 100 actions of protest will be held across the country between May 1 – 7, 2017 to mark the 50th anniversary of the establishment of the ADB, highlighting the gross human rights violations, loss of livelihood, and environmental destructions caused by the ‘development model’ being pushed by ADB and its ilk, using public money.
We must rethink the question of states, market and society. We have dismembered the state; grown the market and believed that we’ve empowered society. Slowly, the circle closed— state, market and aspiring, consuming society merged. They became one. Anyone outside this circle stopped getting counted. This cannot work. This is our future’s most important agenda.
“What you see in a lot of countries is a predatory capitalism, from Afghanistan to Pakistan to Australia, which show the corporations that are involved in the neo-liberal agenda, an agenda that has been implemented without really any public consent. This is happening, I would argue, almost by stealth,” says author and journalist Anthony Lowenstein.
People living in villages, who are migrating in large numbers to cities, could be victims of our economic development or perhaps the dismal income growth of farm households is semi-deliberate to keep labour costs low… Are our rural brothers victims or collateral damage of economic development, of a deliberate though unstated strategy, asks Sanjiv Phansalkar.
Now, we may disagree about the extent to which success deserves to be rewarded–but virtually all agree that wealth is created primarily at the top. In reality, it is precisely the other way around. This is one of the biggest taboos of our times– the truth that we are living in an inverse welfare state.
A new study released by Oxfam ahead of the World Economic Forum meeting shows that just 57 billionaires in India now have same wealth ($ 216 billion) as that of the bottom 70 per cent population of the country. Globally, just 8 billionaires have the same amount of wealth as the poorest 50 per cent.
George Monbiot in The Guardian: The rise of celebrity culture did not happen by itself… It is hard for people to attach themselves to a homogenised franchise, owned by a big corporation. So the machine needs a mask. It must wear the face of someone we see as often as we see our next-door neighbours.
A masterpiece and a dictionary unlike any other, every entry in David Fleming’s Lean Logic presents the author’s deft, original analysis of how our present market-based economy is destroying the very foundations—ecological, economic, and cultural—on which it depends, and his core focus: a compelling, grounded vision for a cohesive society that might weather the consequences.
Live Mint reports: The richest 1% of Indians now own 58.4% of the country’s wealth, according to the latest data on global wealth from Switzerland based Credit Suisse Group AG. In the last two years, the share of the top 1% has increased at a cracking pace, from 49% in 2014 to 58.4% in 2016.
Rob O’Grady writes in ‘150-strong’: Aldous Huxley suggested that “Our present economic, social and international arrangements are based, in large measure, upon organized lovelessness,” and, on the evidence, it appears that he was right. Our current system, governed by the reconciling force of profit motive, is dominated by greed and fear – certainly not love!
William Robinson writes: The celebrated economist Thomas Piketty has argued for a global tax on capital and redistribution through tax reform. This reformist approach to global inequality is entirely inadequate because it bypasses the questions of power and of corporate control over the planet’s productive resources that are at the very heart of global capitalism and its crisis.
George Monbiot writes: So pervasive has neoliberalism become that we seldom recognise it as an ideology. We accept the proposition that this utopian, millenarian faith describes a neutral force; a biological law, like Darwin’s theory of evolution. But the philosophy arose as a conscious attempt to reshape human life and shift the locus of power.
Oil Price Slide – No Good Way Out Gail Tverberg The world is in a dangerous place now. A large share of oil sellers need the revenue from oil sales. They have to continue producing, regardless of how low oil prices go unless they are stopped by bankruptcy, revolution, or something else that gives them