There are several very important stories in today’s digest.
I would add to the top story on Piketty, that it’s not just capitalism that is inherently flawed, but socialism as well.
Even though the intention of socialism is good-to correct the excesses and inequality built in to capitalism, by starting from the same premise as capitalism it inherits some of the same flaws.
I believe it’s time to abandon economic and social systems rooted in the ideas of money, production, and power over.
By starting with the central idea of production and profit both capitalism and socialism leave out by their design the most fundamentally important and central aspects of life. Instead they centralize the peripheral, and marginalize the core of life.
We can do better. For most of humanity’s long prehistory we did better, and many indigenous societies still do.
Charles Eisenstein’s book Sacred Economics is available online to read for free. It can also be downloaded as an epub or pdf file, or purchased in print form.
I don’t believe Eisenstein’s book is the last word on this but it is a great beginning.
Go here to read it- http://sacred-economics.com/read-online/ .
Fred Guerin, Truthout: The excesses of capitalism are not simply a question of bad management and a political unwillingness to properly regulate it by imposing the right sort of checks and balances, but symptoms of a fundamentally and irretrievably flawed system that tends toward destruction of human and other life.
Thalif Deen, Inter Press Service: A severe water crisis in the financially bankrupt city of Detroit has prompted several NGOs and activists to appeal for UN intervention in one of the world’s richest countries.
Margaret Flowers and Kevin Zeese, Truthout: In this interview, Sarah Harrison of the Courage Foundation talks about the public’s right to be informed, whistleblowers’ need for solidarity and the dangerous precedents being set around the world to deny public access to information.
Victoria Law, Truthout: On June 21, 2014, formerly incarcerated women, family members and advocates gathered in Washington, DC for the FreeHer rally to draw attention to the mass incarceration of women and to demand their freedom.
Douglas Jamiel, Truthout: Have national misgivings toward conflicts since World War II found their way into budgeting for the VA, the agency tasked with caring for the less-fêted soldiers who prosecuted these ill-conceived engagements, or is ideology preventing proper funding of the most efficient health care system in the United States?
The Daily Take Team, The Thom Hartmann Program: This week, Speaker of the House John Boehner emphatically announced that he was planning to sue President Obama, claiming that Obama has “exceeded his authority.” This is simply a GOP tactic to prevent Obama from doing anything meaningful for the American people.
Mary Anne Hitt, OtherWords: Every state should concentrate its carbon-reduction efforts on truly renewable energy alternatives. Let’s create more productive jobs in industries that don’t pollute our air and water or disrupt the climate.
John LaForge, Consortium News: Over the past two dozen years, the massive damage that the United States has inflicted on Iraq’s population, infrastructure and environment includes residue from American “depleted uranium” weapons, which can cause cancer and other illnesses.
Peter Van Buren, TomDispatch: Americans are told (and often believe) that they retain rights they no longer have. Citizens passively watch their rights disappear in the service of dark ends, largely without protest and often while still celebrating a land that no longer exists.
John Clay, Arbeitskammer: At a time when Americans are looking abroad for alternative economic strategies to rebalance our unequal economy, some worker advocates in Germany are asking if an American form of cooperative enterprise might be the way to economic independence.
Paul Krugman, Krugman & Co.: Germany manages to be an export powerhouse despite its very high labor costs. How do the Germans do it? Not by constantly coming out with revolutionary new products, but by producing very high-quality goods, for which people are willing to pay premium prices.
Richard D. Wolff, Economic Update / Truthout: Updates on health economics; Mississippi political lessons; and what’s wrong with a Harvard economist. Wolff interviews Victor Wallis on the economics and politics of US prisons. Response to questions about the gender wage gap, real estate bubbles and the “ultra rich.”