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Thursday, June 30, 2022

The World’s Biggest Basic Income Conference

That’s right, it will last four days from Wednesday to Saturday, and you guessed right again, it will be held on-line, so even people in Police State Australia can attend. If you aren’t familiar with the concept of universal basic income, you can find some background to it here, other articles on this site, and…

Does Welfare Breed Poverty?

A common belief among especially American conservatives is that welfare breeds dependency and even poverty. The former is easy to understand. Give a man a fish, and you feed him for a day; teach him to fish, and you feed him for a lifetime, as the saying goes. The evidence that welfare does indeed breed…

The Poker Economy — Part 2

Now, let us take this analogy one step further. The poker tournament is the economy, and the players contribute to it simply by playing, regardless of whether they win or lose. The people playing with real cash are business owners and the like, but ordinary workers don’t have that sort of money, so in order…

The Poker Economy — Part 1

What is wrong with capitalism? The short answer is nothing, or at most, very little. Virtually all the problems laid at the door of capitalism are actually due to finance. These problems include debt, depressions, and something called unemployment. To help you understand the nature of these problems and their solution, here is a perfect…

The Grand New Party: Here’s What’s In Store For The Republican Party Without Trump...

Given the likely defeat of President Donald Trump, a functionally headless Republican Party is destined for a period of reflection. Trump himself, for all his rudeness and often unnecessary, divisive rhetoric, has transformed the Republican Party from being a bastion of the establishment to a voice for America’s working and middle class. In the aftermath…

Turkey’s Recep Erdogan throws support behind Azerbaijan [Video]

Turkey’s leader Recep Erdogan is a problematic leader for both Russia and the United States. His country, Turkey is a NATO member. Yet Mr. Erdogan buys Russian weaponry against American wishes, and he is taking his country in an increasingly sectarian direction, recently getting the Hagia Sophia to restart services as a mosque (this is…

How Usury Creates War

In July, the Stop The War Coalition held a Zoom meeting in which its invited speakers blamed war on “Imperialism”. Topically but not surprisingly the British role in the trans-Atlantic slave trade had more than a little to do with it, and listeners were treated to a clown from the African Diaspora explaining how if…

Time To Rethink Economics (Part 2)

Job-creation is and always has been a massive priority of governments worldwide. In 2012, the World Bank claimed 600 million new jobs needed to be created over the next fifteen years. In this connection, here is a classic quote from 1933: “A war would be a great idea…Another war would give our three million unemployed…

Time To Rethink Economics (Part 1)

As of Thursday, some twenty-six and a half million people were said to be unemployed in the United States. Can this be true? How about no one is unemployed? No one. if that sounds an odd thing to say, here is something even weirder. The United States is threatening to ban the import of Saudi…

Bernie Sanders Hits Andrew Yang’s Proposed Universal Basic Income: ‘People Want to Work’

Sen. Bernie Sanders (I-VT) took aim at fellow presidential candidate Andrew Yang’s (D) proposal for universal basic income, telling Hill.TV that a federal jobs guarantee is preferable because “people want to work.” Yang – who saw a spike in Emerson Polling’s recent survey (4 percent support) and qualified for September’s Democrat presidential debate – has…
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