Category Archives: activism

How the U.S. Government Could End the Student Debt Crisis Today

If money should be owed for higher education at all, perhaps the federal government should owe us. After all, Article I, Section 8 of the Constitution entrusts the federal government with a monopoly to create, spend, and regulate money for the “general welfare of the United States.” And in the era of modern money, there’s no good economic reason for students’ pockets to be so shallow when the government’s are so deep.

As the Nobel-winning economist Paul Samuelson once acknowledged, the “superstition” that the budget must be balanced at all times is part of an “old fashioned religion,” meant to hush people who might otherwise demand the government create more money. Young people should beware of anyone who tells them that their chief worry for the future is the government’s debt, rather than their own.

How the U.S. Government Could End the Student Debt Crisis Today” by Raúl Carillo in Yes! Magazine

For amateurs and dilettantes who do not rely on their art for a living, moving to the commons has plenty of upside and little downside. For creative professionals, however, particularly those burdened by economic hardship, the risks associated with transitioning to a non-proprietary business model can feel (rightly or wrongly) prohibitive. Often times, the typical free culture advocate’s response to this concern is to either dismiss it, to reemphasize the moral case for freedom, or to point to others’ success stories as proof that “it can be done.”

We believe these responses are insufficient and miss the deeper point: no matter how feasible commons-based production may appear to those who are familiar with it, for those suffering from the paralyzing effects of systemic money scarcity – unemployment, poverty, overwhelming consumer debt – the free culture response is incomplete at best, and callous at worst.

Our proposal for addressing this issue is to combine the free culture movement’s view of the bitstream economy with the Modern Money view of the monetary economy.

Free Culture? Free Finance by The Modern Money Network (Columbia Chapter)

Support the TIF Illumination Video Project

The TIF Illumination Project is a volunteer-run investigative journalism & community education project that has done incredible work exposing one of Chicago’s most vile and complicated scams, Tax Increment Financing. TIF has resulted in the redistribution of billions of dollars away from local communities and into the coffers of developers and cronies. Please help the TIF Illumination Project produce this important video series to bring the fruits of their research to a wider audience:

Last Day to Donate to Naked Capitalism’s 2014 Fundraiser

Naked Capitalism has done more to inform my understanding of the world, and generally derail my post-college trajectory (in a good way, I think) than any other place on the internet. Loyal, near-daily reader since 2008 — which probably goes a long way to explaining where my time has gone all these years. I have no idea how Yves and Lambert pull it off day in-day out, but I am much indebted to them.

GIVE GIVE GIVE!

@prisonculture on protest

“It’s almost 90 degrees out and police are making protesters walk constantly.”

“The conversation here has shifted from the immediate reaction to Michael Brown’s death and toward the underlying social dynamics. Two men I spoke with pointed to the disparity in education funding for Ferguson and more affluent municipalities nearby. Another talked about being pulled over by an officer who claimed to smell marijuana in the car as a pretense for searching him. ‘I’m in the United States Navy,’ he told me. ‘We have to take drug tests in the military so I had proof that there were no drugs in my system. But other people can’t do that.’ Six black men I spoke to, nearly consecutively, pointed to Missouri’s felon-disfranchisement laws as part of the equation. ‘If you’re a student in one of the black schools here and you get into a fight you’ll probably get arrested and charged with assault. We have kids here who are barred from voting before they’re even old enough to register,’ one said.”

—Jelani Cobb, A Movement Grows in Ferguson

“…the Mass Incarceration State consumed millions of Black lives and consigned most Black communities to Constitution-free zones, where young Blacks could be arrested for nothing, or shot down in the streets with impunity, as was Michael Brown, and as happens to other young Blacks every day of the year.

The people who rule America no longer need Black labor. What they do need is a class that is forcibly anchored at the bottom of U.S. society, who can be scapegoated for whatever is wrong with America, and whose very presence serves as an excuse for massive urban dislocation and the steady erosion of civil liberties. Michael Brown and countless others have died in order to keep America deeply stratified. That’s the only use the United States has for young Black men.”

—Glen Ford, America: Young Black Men Have No Right to Life

Things To Stop Being Distracted By When A Black Person Gets Murdered By Police

“Also (and this important), looting as a crime is NOT on par with the taking of someone’s life. Property is not a life. In this country, police protect property while killing human beings. Sometimes they, as well as civilians, kill human beings in order to protect property. That’s wrong. That’s savagery.

Whatever you think of looting, though, remember this: it’s not the issue, either. The issue is yet another unarmed Black teenager murdered by cops. His name was Mike Brown.”

—Mia McKenzie, Things To Stop Being Distracted By When a Black Person Gets Murdered By The Police