We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Sunday, July 16, 2017

‘Til debt do us part

Click here to access article by economist David Ruccio from Real-World Economics Review Blog. 

Using graphs he explains how capitalists extract profits from workers in two basic ways--wages and interest. It is also clear from his graphs that banksters' use of debt to extract wealth from workers was only briefly interrupted by the last collapse of the economy in 2008.
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