Friends of GEO

Corporations Should Have To Hear From Their Owners

It's Our Economy - 6 hours 46 min ago
When we think about ways to pressure corporations to improve their practices, we may think of petitions, street demonstrations, boycotts, or social media campaigns. Yet there’s another way that’s been used effectively for decades. It involves those who stand to gain from keeping companies healthy over the long term. It’s called shareholder action. Surprised? Shareholders, who are part-owners of the companies in which they invest, can use their investor status to pressure companies to be better corporate citizens. You’re a shareholder if you buy stock in a company. While not usually in the limelight, people who care about the social and environmental impacts of the companies in which they invest have helped improve corporate conduct for decades.
Categories: Friends of GEO, SE News

How Banks Against Wealth Building By Blacks After 2008 Crash

It's Our Economy - April 25, 2018 - 10:00am
If you get your business news from the Wall Street Journal or Bloomberg News or the New York Times or Reuters or the Financial Times or CNBC, chances are you did not hear about a critically important symposium that was held on Monday on the dangers that Wall Street’s biggest banks continue to pose to the U.S. economy and, in particular, to communities of color. Adding to the mystery of how every major business news outlet could simultaneously decide to skip the event is that it was headlined by two famous players in the banking debate, Senator Elizabeth Warren and Neel Kashkari, President of the Federal Reserve Bank of Minneapolis. The symposium on “Too Big to Fail” was hosted by Howard University’s Department of Economics and held at the campus which is located in Washington, DC – where there is certainly no shortage of reporters.
Categories: Friends of GEO, SE News

Podcast: The case for worker cooperatives and economic democracy

Shareable - Commons - April 24, 2018 - 8:03pm

The latest episode of the Upstream podcast takes a deep dive into the worker cooperatives movement: a broad selection of organizations, activists, and cooperatively-structured workplaces that advocate for and embody workplace and economic democracy. The 21st century has seen an explosion in interest around worker cooperatives.

Categories: Friends of GEO

A Socialist Economy For The 21st Century

It's Our Economy - April 24, 2018 - 1:00pm
In Next System Project Report 3, author and Tellus Institute co-founder Richard A. Rosen explores the changes he deems necessary for a modern definition of “socialism”, and describes key concepts and issues that arise when aiming to restructure the American economy to include social and environmental sustainability in the Twenty-First Century. To elucidate some of these concepts and issues, Rosen analyzes a set of economic sectors that have very different mechanisms and structures for determining prices, and very different environmental impacts, including: chemical manufacturing, small businesses, housing, defense manufacturing, nonprofit sector, agriculture, and finance. Through these seven-industry sector analyses, Rosen offers a number of changes to each– many of which are also applicable to the economy at large.
Categories: Friends of GEO, SE News

Recap: Shareable's community workshop on urban villages in the Bay Area

Shareable - Commons - April 23, 2018 - 4:53pm

In February, we published an in-depth feature story exploring the rise of urban villages. An urban village is a "relatively small, place-based urban community where people cooperate to meet one another's many needs, be they residential, economic, governmental, or social," Amanda Abrams wrote in the piece.

Categories: Friends of GEO

Bold Increases In The Minimum Wage Should Be Evaluated For The Benefits Of Raising Low-Wage Workers’ Total Earnings

It's Our Economy - April 23, 2018 - 12:00pm
Workers today paid the federal minimum wage of $7.25 per hour are making 25 percent less than their counterparts made in 1968, despite the fact that the nation’s productivity has roughly doubled since then. Concern that low-wage workers are being deprived of the wage increases their increased productivity should deliver has led local, state, and federal policymakers to propose minimum wage increases that exceed the minimum wage increases that took effect in the 1990s and 2000s. Among the bolder proposals is a 2017 bill introduced by Sens. Bernie Sanders (I-Vt.) and Patty Murray (D-Wash.) to increase the federal minimum wage to $15 an hour by 2024, which would raise the minimum wage above its inflation-adjusted peak value in 1968. California, Washington, D.C.,…
Categories: Friends of GEO, SE News

Radical Municipalism: Fearless Cities

It's Our Economy - April 20, 2018 - 1:00pm
Jenny Gellatly and Marcos Rivero: Fear and uncertainty seem to have settled into our societies, not only among citizens, but also political leaders and transnational corporations who see their capitals and centres of power stagger in the face of the combined effects of slowing global economic growth, imminent energy decline and increasing climate chaos. In this context, we are  witnessing a multitude of responses, with three approaches that stand out. The first response attempts to regain control and security through new forms of authoritarianism and protectionism. We’ve seen the return of the nation state as a reaction to global capitalism, the re-emergence of national and cultural identity, and a revival of racist and xenophobic discourses.
Categories: Friends of GEO, SE News

From “Green Growth” To Post-Growth

It's Our Economy - April 20, 2018 - 10:00am
The seduction of economic growth is all-pervasive. Even within progressive circles that claim to understand that growth is causing ecological destruction, there is hope in a new type of salvation: “green growth.” This is the idea that technology will become more efficient and allow us to grow the economy while reducing our impact on the environment. In other words, we will be able to decouple gross domestic product (GDP) from resource use and carbon emissions. This is appealing to the liberal mind — it provides an apparent middle ground and removes the need to question the logic of the global economy. We can continue on our current trajectory if we make the “right” reforms and get the “right” kind of technology. The hope of green growth is embedded everywhere, from the majority of domestic economic plans to major international policy schemes like the Paris Climate Agreement and the UN’s Sustainable Development Goals.
Categories: Friends of GEO, SE News
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