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One of the big constant news stories recently has been about UK water utilities constantly flushing untreated sewage into the rivers and oceans near the UK, while raising prices, paying huge salaries to their executives and massive dividends. One solution is to take them back into public ownership.
But another possibility is to make the mutual companies. I worked for a mutual insurance company for a while, and helped it de-mutualize, at which point its prices went up, employees were treated worse, executives made more money and so on.
They’re not all magical and entangled. These fungi will kill you.
The post The Dark Side of Fungi appeared first on Nautilus.
MMT strips way the veil of neo-liberal ideology that mainstream macroeconomists use to restrict government spending. We learn that these constraints are purely voluntary and have no intrinsic status. This …
The post While opposing political parties play the fiscal credibility game, people get hurt. appeared first on The Gower Initiative for Modern Money Studies.
A new era of antagonism between the US and China has emerged in the wake of the COVID-19 pandemic. This is seen in the mounting rhetoric of "strategic competition" escalating military expenditures and efforts at alliance building such as AUKUS. Increasingly important are the US's efforts to contain China economically, as seen in the US CHIPS Act that restricts exports of US and Taiwanese semiconductors and advanced technological components. However, at the heart of worsening relations between the US and China is a paradox: the US and China are integrated into global capitalism and deeply interdependent in processes of accumulation. The major fault line of international antagonism no longer lies between the capitalist world and its external enemies as in the last Cold War, rather it is between the two major capitalist powers.
It was this puzzle of antagonism amidst integration, that I sought to unknot in my Honours thesis in the Department of Political Economy at the University of Sydney.
Dear Fellow Signers of the Declaration of Independence:
Now that our noble document is complete, it is time to address the elephant in the room: my name is much bigger than everyone else’s. I’ll be the first to admit that it is absolutely massive. Yet I must also speak this self-evident truth: it is not entirely my fault.
The fact is I thought we were all doing big signatures. That’s what I was told. Do none of you remember Thomas Jefferson—hopped up on parchment fumes and cheap barleywine—running around telling everyone our “sigs” had to be “freakin’ huge”? Then I go first, and everybody bursts out laughing like I did something foolish.
I hereby call on my brethren of the Second Continental Congress—those who I know to be defenders of liberty, progress, and the values of the Enlightenment, to which we are all fan-boyishly devoted for some reason—to publicly stand up and say everybody told John Hancock we were doing big sigs.
In 2012, as the health service was being subjected to another round of disastrous reform, a think tank was founded which aimed to push back against this effort ‘to dismantle many of the founding principles of the NHS’. In the years since, the Centre for Health and the Public Interest (CHPI) has become one of […]