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Time to Remake the Economy Into OUR Economy. By Kevin Zeese and Margaret Flowers Co-directors, It’s Our Economy www.itsoureconomy.us. OBJECTIVES. 1. Describe the current economic and political environments and where they are going. - PowerPoint PPT Presentation
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Time to Remake the Economy Into OUR Economy
Time to Remake the Economy Into OUR EconomyBy Kevin Zeese and Margaret FlowersCo-directors, Its Our Economywww.itsoureconomy.us
1. Describe the current economic and political environments and where they are going.2. Describe the two-pronged approach to change economic and political power.3. Describe what to do to create the new democratized economy that benefits people and the planet.OBJECTIVES
US GDP AND PRODUCTIVITY UP
http://www.wealthdaily.com/articles/2012-economic-forecast-a-surprising-and-profitable-trend-emerges/3347
http://itsoureconomy.us/2012/11/the-myth-of-u-s-manufacturing-decline/
CORPORATE PROFITS ARE UPhttp://itsoureconomy.us/2012/12/two-charts-show-how-the-priorities-of-us-companies-have-gotten-screwed-up/
http://itsoureconomy.us/2013/01/corporate-profits-have-grown-by-171-percent-under-obama-highest-rate-since-1900/
JOBS ARE DOWN
The percentage of Americans with jobs is at its lowest level in three decades.
(The shaded areas of the chart represent recessions.)
http://itsoureconomy.us/2012/10/heres-whats-wrong-with-the-economy-charts/
INCOME IS DOWN
http://itsoureconomy.us/2013/02/the-collapse-of-america-in-two-charts/
Incomes for bottom 90% of Americansonly grew by $59 on average between 1966 and 2011 (adjusted for inflation), according to David Cay Johnston. During the same period, average income for top 10% of Americans rose by $116,071.
RECOVERY FOR WHOM?
Higher taxes on the wealthy encourage investment in business and job creation. Lower taxes on the wealthy leads to hoarding.TRICKLE DOWN DOESNT
WEALTH INEQUALITY IS GROWING
http://itsoureconomy.us/2013/01/history-shows-want-to-control-deficit-spending-seek-full-employment/
http://itsoureconomy.us/2012/12/two-charts-show-how-the-priorities-of-us-companies-have-gotten-screwed-up/
The end of progressive taxation coincided with the beginning of the growing wealth divide.
WHO HAS THE MONEY?No Conspiracy Theory A Small Group of Companies Have Enormous Power Over the World
WHO HAS THE POWER?http://itsoureconomy.us/2012/11/no-conspiracy-theory-a-small-group-of-companies-have-enormous-power-over-the-world/
A major scientific study identified a number of companies with outsized control over a huge portion of the earths economy. 147 Superentities were found to control 40% of global wealth.
Recession or worse?Instead of full employment, regulation of finance and investment in social infrastructure,we see:False crises and debatesPrivatizationAusterityDebt-based Economy
WHERE ARE WE HEADED?
SOLUTIONS TO EVERY CRISISThe people can rule better than the elites
Evidence-based solutions to every crisis supported by supermajorities:Tax the rich and corporationsEnd the wars, bring the troops home, cut military spendingProtect the social safety net, strengthen Social Security and improved Medicare for allEnd corporate welfare for oil companies and other big business interestsTransition to a clean energy economy, reverse environmental degradationProtect worker rights including collective bargaining, create jobs and raise wagesGet money out of politics
http://october2011.org/standwiththemajorityTwo simultaneous paths:
1. Protest to expose crises.2. Build systems that reduce wealth divide and replace current systems.
Human need, not corporate greed.HOW DO WE CHANGE DIRECTION?
What do you do in a crisis? Time for ICU:Independent ClearUncompromisingBE BOLD!
Policy changes that will create real solutions:The 99% Deficit Proposal on October2011.org
Create a fair tax system/ guaranteed national incomeShift military spending to create economic securityInvest in CFNF energy economyErase student debt/ free higher educationEnd foreclosures and evictionsStrengthen Social SecurityMedicare for allPublic jobs program
HOW DO WE SOLVE THE DEFICIT?
End the wars and tax the rich!
The Great Turning is a name for the essential adventure of our time: the shift from the Industrial Growth Society to a life-sustaining civilization.
The ecological and social crises we face are caused by an economic system dependent on accelerating growth. This self-destructing political economy sets its goals and measures its performance in terms of ever-increasing corporate profitsin other words by how fast materials can be extracted from Earth and turned into consumer products, weapons, and waste.
A revolution is under way because people are realizing that our needs can be met without destroying our world. We have the technical knowledge, the communication tools, and material resources to grow enough food, ensure clean air and water, and meet rational energy needs. Future generations, if there is a livable world for them, will look back at the epochal transition we are making to a life-sustaining society. And they may well call this the time of the Great Turning. It is happening now.- Joanna MaceyTHE GREAT TURNING
What are the values? Solidarity, cooperation, sustainability, democracy?Organize using those values!
WHAT TYPE OF SOCIETY DO YOU WANT TO LIVE IN?
Alternative & local currencies/ Time banks/Barter
Free stores
Participatory budgeting
Move your money
Public BanksTHE NEW ECONOMY: MONEY
http://itsoureconomy.us/2013/03/how-public-banking-made-the-us-colonies-properous/B corporationsCommunity banksLocal investmentTaxpayer investmentProgressive taxationParticipatory taxationEnd the debt-based economyTHE NEW ECONOMY: FINANCE
Eviction resistanceIncentives to restore propertyHousing cooperativesCollectives/intentional communitiesLitigate bank mortgage fraudCommunity land trustsTHE NEW ECONOMY: HOUSING
http://blinktag.com/projects/irvine-community-land-trust/Community gardensCSAsGrocery cooperativesFarmer trainingFarmer marketsSeed exchangesLocal distributionBuy local campaigns
THE NEW ECONOMY: FOOD
http://www.cityweekly.net/utah/article-14620-utah-co-op.htmlWorker co-operatives (WSDE)Mondragon modelEvergreen ModelESOPsGuaranteed incomeLiving WageNon-union workers movementTHE NEW ECONOMY: JOBS
http://www.peri.umass.edu/fileadmin/pdf/published_study/spending_priorities_PERI.pdf
Non-corporate practicesHealthy San FranciscoSingle payer health systemMedical school rural trackTHE NEW ECONOMY: HEALTHCARE
Carbon-free nuclear-free energy economyPublic ownershipEnergy cooperativesFeed-In-TariffsTHE NEW ECONOMY: ENERGY
http://cleanenergyaction.org/learn-more/feed-in-tariffs/Public transportationCar sharingBike rentalsWalkable/bike safe citiesTHE NEW ECONOMY: TRANSPORTATION
http://blog.oregonlive.com/commuting/2012/05/portland_once_again_nations_to.html
THE NEW ECONOMY: EDUCATIONReverse privatizationEnd testing industryFree college educationTenured professorsUnionized teachers
http://cityroom.blogs.nytimes.com/2012/12/03/students-seize-cooper-union-room-to-protest-possible-tuition/Fund Our CommunitiesAlternative foreign policyReal securityTHE NEW ECONOMY: PEACE
Shift the Power, Democratize the EconomyIts Our Economy ItsOurEconomy.US
Build power and resistanceOccupy Washington, DC OccupyWashingtonDC.org
Democratize the MediaClearing the FOG (Forces of Greed) Radio ShowClearingTheFOGRadio.org
REMEMBER, ITS OUR ECONOMY