Abby Martin features an exclusive interview with former Minnesota Governor, Jesse Ventura, covering everything from the myth of voter fraud to endless war in the Middle East.
Tag Archives | Middle Class
No surprises for guessing who hogged the gains in the economy over the last 25 years. Yes, you guessed it, the wealthy 1%, per the Washington Post:
… Read the rest
The fundamentals of the economy are, well, okay.
It’s been slow and steady, but the recovery has chugged along enough to get us back to something close to normal. The economy has surpassed its pre-crisis peak, unemployment is at a six-year low, and stocks have more than tripled from their 2009 low. It’s not the best of times, but it’s certainly not the worst — which was a very real possibility after Lehman Brothers’ bankruptcy threatened to send us into a second Great Depression.
President Obama and his fellow Democrats, naturally, would like to claim some of the credit for that. If voters credited them with this economic turnaround, Obama and his party might have a better chance of holding the Senate this fall, an outcome that looks precarious.
Keith Martin-Smith’s Only Everything podcast recently had on entrepreneur Robb Smith. This thirty-eight minute interview covers a lot of ground, discussing the collapsing economy, the historical background of the situation and what the future is likely to be. A pretty wide-ranging conversation, moves along quickly, and there’s some good nuggets for consideration. Worth listening to.
From Only Everything:
… Read the rest
Robb is a social entrepreneur who works on “transformational era” systems at the intersection of human development, education, spiritual understanding and civilizational sustainability. He holds a uniquely grand view of what’s happening in the world today and what makes Millennials unique.
We get into nothing short of the future of the world economy, human happiness, and where we’re heading in the next 5-6 decades.
- How World War II transformed the American economy and fueled the emerging consciousness counterculture of the 60′s and the success of Gen X in the 90′s
- How this economic foundation is in the process of collapsing
- What happens when a culture like ours, focused on finding lives of “meaning”, has the economic rug pulled out from under it (hint: crisis)
- How companies like Air B&B represent the downside and problem with technology interacting with brick-and-mortar industries, such as hospitality
- Why it’s better today to be a Chinese teenager today than an American one (and not what you think)
- Why the next great economic wave and business movement will and must move away from a winner-takes-all mentality to a “win-win” mentality, as represented by B-corps and conscious capitalism.
Via Salon, virtual reality pioneer Jaron Lanier puts forth his argument that it is so:
… Read the rest
The photography company Kodak employed more than 14,000 people. They even invented the first digital camera. But today Kodak is bankrupt, and the new face of digital photography has become Instagram. The number of people who are contributing to the system to make it viable is probably the same. Instagram wouldn’t work if there weren’t many millions of people using it.
So there’s still a lot of human effort, but the difference is that whereas before when people made contributions to the system that they used, they received formal benefits, which means not only salary but pensions and certain kinds of social safety nets. Now, instead, they receive benefits on an informal basis. And what an informal economy is like is the economy in a developing country slum. It’s reputation, it’s barter, it’s that kind of stuff.