A hundred years ago, markets ruled: fortunes were made, workers abused, bubbles blown. The Austrian School of economists, led by Ludwig von Mises, said this was fine: despite temporary messiness, the market knows best.
History will remember 2008 for its ‘crisis of capitalism’. The crash on Wall Street was the game-changer in the US election race, and it could soon be remembered as the gamechanger on climate change, too.
Buy Nothing Day is an annual event to protest our consumerist culture. Consumers are encouraged across the world to stay out of malls and put their wallets back in their pockets for just one day. Started back in 1992 in Vancouver, Canada by Ted Dave, it was popularized by the Adbusters media foundation and it has spread to become an international day of action.
Creating cash should not be the responsibility of the private banking system, but of the common wealth. Let’s get mutual, urge Molly Scott Cato and Martin Large
Creating cash should not be the responsibility of the private banking system, but of the common wealth. Let’s get mutual, urge Molly Scott Cato and Martin Large
During the past weeks, the world’s media have been transfixed by the convulsions of the US and global fi nancial system. At stake are billions in bail-outs and trillions in derivatives. The viability of banks and currencies is threatened, and ultimately the savings and investments of hundreds of millions of ordinary people.
During the past weeks, the world’s media have been transfixed by the convulsions of the US and global fi nancial system. At stake are billions in bail-outs and trillions in derivatives. The viability of banks and currencies is threatened, and ultimately the savings and investments of hundreds of millions of ordinary people.