Redesigning money for well-being and happiness

by Mark Anielski “One must make a new system that makes the old system obsolete.” — Buckminster Fuller The greatest threat to the pursuit of genuine happiness and well-being is our current debt-money system. In the face of an international debt-crisis, it is remarkable that there is no serious discussion about the nature of money, or about how, and who creates our money. While meaningful conversations about alternative measures of progress (e.g. Gross National Happiness, Genuine Progress Indicators) are now under way, these efforts will ultimately fail without understanding that the current debt-based money system must be fundamentally restructured. The … Continue reading Redesigning money for well-being and happiness

Nightfall: Dimming of the dream and search for an alternative

by P. J. Laska Given the emphasis on imposing hegemony by military means, it is a splendid irony that ‘American Way of Life’ should share its acronym (AWOL) with the military term “Absent Without Leave.” — http://www.laetusinpraesens.org Ronald Reagan in the famous “Morning-in-America” speech that was part of his 1984 re-election campaign took credit for the improvement of the economy since his election in 1980.  By 1983 the inflationary spiral of the 70’s had been brought under control by Federal Reserve chairman Paul Volker, who was originally appointed by Carter and then reappointed by Reagan in 1983.  Reagan could also … Continue reading Nightfall: Dimming of the dream and search for an alternative

Getting serious about politics

by Zoltan Zigedy Economic relations clarify politics just as politics can return the favor. In truth, it is impossible to fully understand one without an understanding of the other, and especially without a grasp of their inter-relationship. No doubt that explains the wisdom of the classical economists (and Marx and Engels) in describing their studies as “political economy.” Similarly, the failure to systematically integrate the two social domains explains the frustration of the modern-day academic economists, even Nobel laureates, who fume about the politicians standing in the way of their ready solutions to the current global economic crisis. A case … Continue reading Getting serious about politics

Structural crisis needs structural change

by István Mészáros When stressing the need for a radical structural change it must be made clear right from the beginning that this is not a call for an unrealizable utopia. On the contrary, the primary defining characteristic of modern utopian theories was precisely the projection that their intended improvement in the conditions of the workers’ lives could be achieved well within the existing structural framework of the criticized societies. Thus Robert Owen of New Lanark, for instance, who had an ultimately untenable business partnership with the utilitarian liberal philosopher Jeremy Bentham, attempted the general realization of his enlightened social … Continue reading Structural crisis needs structural change

The warfare state and the brutalizing of everyday life

by Henry A. Giroux Since 9/11, the war on terror and the campaign for homeland security have increasingly mimicked the tactics of the enemies they sought to crush. Violence and punishment as both a media spectacle and a bone-crushing reality have become prominent and influential forces shaping American society. As the boundaries between “the realms of war and civil life have collapsed,” social relations and the public services needed to make them viable have been increasingly privatized and militarized.(1) The logic of profitability works its magic in channeling the public funding of warfare and organized violence into universities, market-based service … Continue reading The warfare state and the brutalizing of everyday life

Economics, happiness, and life-coherent societies

by Jeff Noonan In a 2007 report on the environmental and economic impact of intensified exploitation of the Alberta Oil Sands, then Chief Economist of the Toronto Dominion Bank, Don Drummond, re-affirmed orthodox economics’ faith in Gross Domestic Product (GDP) as a measure of economic performance. “Gross Domestic Product,” he wrote, is the best available indicator of the overall health of the …economy, as it measures the market value of the goods and services produced.” [1] I begin with this example because the oil sands, at current global oil prices, are both hugely profitable and massively environmentally destructive. [2]  GDP … Continue reading Economics, happiness, and life-coherent societies

A new age of reason

by Ali Shehzad Zaidi There is no better time, in this age of global warming and mass extinction of species, to rediscover the liberating thought of Thomas Paine, which recalls that of mystics and poets of many ancient cultures. In his iconoclastic The Age of Reason, published in 1794, Paine transfers the locus of the sacred from religious texts to the material Book of Nature, since “it is in this word, which no human invention can counterfeit or alter, that God speaketh universally to man” (Age 29). With these words, Paine anticipates the emergent romanticism of his times by envisioning … Continue reading A new age of reason