The Poverty Creation Industry

Recently Joe Brewer, Alnoor Ladha and Martin Kirk had the audacity to describe what they call the “Poverty Creation Industry.”  http://truth-out.org/opinion/item/15726-its-time-to-shine-a-light-on-the-poverty-creation-industry They write that, “Poverty is human-made. It is created – knowingly and with scientific efficiency – by a vastly...

HSBC Funds Suspected Terrorists and Gets a Slap on the Wrist

Have you heard about HSBC’s terrorist funding scandals? How about the many banks involved in LIBOR rigging, essentially playing games our money? If you’re an ordinary person, hearing these things was shocking.  But let me be clear: it’s not shocking that banks have shady deals, what is shocking is the extent to which they were able to commit these crimes...

America, now a less equal society than Egypt & Yemen

We’ve almost all seen the video that went viral this week, the one that illustrates the gaping wealth inequality that we have in the United States (If you haven’t yet, watch it here). Now that we can grasp the true depth of the problem, what do we do about it? If you’re feeling hopeless, you’re not alone. It’s a complicated struggle with tough...

A sustainable economy: it’s not only about the jobs.

Recent research indicates that a green economy is a strong and inclusive one that will help the shift to an economy that is fairer, more sustainable and resilient. Author Ethan Pollack of the Economic Policy Institute outlines the benefits of a green economy in his paper “Counting Up to Green.” More than 3.1 million jobs are considered “green” as of 2010...

Fair Trade sales increase rapidly despite economic downturn

The Ethical Consumerism Report 2010 was produced by The Co-operative Group, which has tracked shopping trends in the United Kingdom for more than a decade, found that, “despite the economic downturn, sales of ethical goods and services have remained resilient, going up almost 9% last year from £43bn to £46.8bn. Acting as a barometer of green spending since...

The Price of Inequality

“Much of what has gone on can only be described by the words ‘moral deprivation.’ Something wrong happened to the moral compass of so many people working in the financial sector and elsewhere.”   The Price of Inequality, Joseph E. Stiglitz By now we know most of the numbers. One out of six Americans who would like a full-time job can’t...