New Clear Vision


constructive commentary for the chronically farsighted


Archive for the ‘Economy’

Crisis or Opportunity?

August 15, 2011 By: NCVeditor Category: Current Events, Ecology, Economy, Michael N. Nagler

A Gandhian Answer to Financial Collapse

by Michael N. Nagler

Last Monday the Dow Jones industrial average fell 634.76 points; the sixth-worst point decline for the Dow in the last 112 years and the worst drop since December 2008. Every stock in the S&P 500 index declined.

It is easy to blame bipartisan bickering for the impasse that led to Standard & Poor’s downgrading of the American debt, and in turn the vertiginous fall of the Dow. This bickering — this substitution of ideology for reason, of egotism for compassion and responsibility on the part of lawmakers — is a national disgrace; but while it failed to fix the problem, we must realize that it did not cause it. The cause — and potential for a significant renewal — lies much deeper. (more…)

The Weapons-Free Dividend

August 11, 2011 By: NCVeditor Category: Economy, Lawrence Wittner, Politics

How to Save a Quarter Trillion Dollars

by Lawrence Wittner

In the midst of the current stampede to slash federal spending, Congress might want to take a look at two unnecessary (and dangerous) “national security” programs that, if cut, would save the U.S. over a quarter of a trillion dollars over the next decade.

The first of these is the Obama administration’s plan to spend at least $185 billion in the next ten years to “modernize” the U.S. government’s nuclear weapons arsenal.  At present, the U.S. government possesses approximately 8,500 nuclear warheads, and it is hard to imagine that this country would be safer from attack if it built more nuclear weapons or “improved” those it already possesses.

Indeed, President Barack Obama has declared — both on the 2008 campaign trail and as president — that he is committed to building a world without nuclear weapons. (more…)

The Banks Are Made of Marble

August 10, 2011 By: NCVeditor Category: Culture, Economy, Harry Targ, Politics

Sometimes We Have to Sing and Cry and Hit the Streets…

by Harry Targ

Fred was dating a young woman who gave him the two Weavers Carnegie Hall albums for Chanukah in the winter of 1958. He brought the albums over to my house so I could listen. He never got them back.

I’m not a Red Diaper baby. I didn’t read Marx until the 1970s. I don’t know when I decided I was a Marxist. I didn’t start teaching Marx and political economy until the late 1970s. But I became a small “r” red when I first heard those albums. Then on to Pete Seeger alone, Woody Guthrie, Cisco Houston, and later Arlo Guthrie, Phil Ochs, and even Kris Kristofferson and Bruce Springsteen.

From time to time I reminisce about all this as I still listen to the music that makes me mad, makes me cry, and makes me want to hit the streets. I forget the fine tuned lectures I listen to (and even give) on neoliberal globalization, the tendency of the rate of profit to fall, over-production and under-consumption, and financialization — and break into song and tears as I hear the old music in the car or at home. (more…)

The Debt Debate

August 08, 2011 By: NCVeditor Category: Current Events, Economy, Guest Author, Politics

A Missed Opportunity to Talk About War

by Wim Laven

“We will bankrupt ourselves in the vain search for absolute security.” — Dwight D. Eisenhower

For months the deadline loomed; on August 2nd the USA would reach its limit on borrowing. Hard times and ugly arguing took place, but in the end an agreement was reached. Call it what you will: a compromise, a resolution, “the President Surrenders” read a New York Times headline, and etc. I’ll just call it a disappointment.

I never once heard mention of military spending, the cost of running military bases all over the globe, the cost and inadequacy of our combat operations in Afghanistan and Iraq, or anything else about our failed military policy. (more…)

Living and Learning Sustainability

August 05, 2011 By: NCVeditor Category: Culture, Ecology, Economy, Tina Lynn Evans

A New Series for New Clear Vision

by Tina Lynn Evans

(Editor’s Note: In this monthly series for NCV, Tina Evans explores some of the most pressing challenges of our time. She proposes ways of comprehending these challenges and taking positive actions, and offers a voice of reason and empathy amidst the cacophony of blame triggered by converging crises in areas such as the economy, energy, climate, and more. Evans helps us consider more sustainable and socially just analyses of and answers to our problems than those offered by the prominent players of the blame game. Along with her students, her community, and her readers, she aims to help create empowering alternatives that can benefit people and the places they call home…)

It’s so easy to be lured into the blame game. We don’t have to learn much to join in, and our participation provides an immediate outlet for our anger and frustration. And yes, many of us should be angry as we chart our futures on a playing field that is too often tilted — and not in our favor. In the U.S., many of us feel the American Dream slipping right through our fingertips despite our best intentions, our intelligence, our training, and our willingness to work endless hours. We’re left to wonder what went wrong, and there are many easy answers offered. (more…)

Waste Not…

August 03, 2011 By: NCVeditor Category: Brian J. Trautman, Ecology, Economy, Politics

Please, No More Nuclear Options

by Brian J. Trautman

The Fukushima Dai-ichi disaster in Japan is a tragic reminder of the risks and hazards associated with nuclear energy production. Nevertheless, the United States has reaffirmed its commitment to expanding nuclear power domestically. Last year the Obama administration announced billions of dollars in new loan guarantees for reactor construction and billions more in assistance is being requested from the Congress. This is waste.

While the U.S. remains committed to nuclear power, many countries recognize that innovative approaches and sustainable solutions to their growing energy demands must not include atomic options. (more…)

The Pleasures of Excess

August 02, 2011 By: NCVeditor Category: Culture, Economy, Family, Guest Author

Deconstructing the Mass Spectacle of Consumption

by Mira Kamdar

The groom was Lalit Tanwar, son of a leading New Delhi-based Congress Party politician, Kanwar Singh Tanwar. The bride was Yogita Jaunapuria, daughter of Sukhbir Singh Jaunapuria, a former member of the Legislative Assembly. The Indian news media estimated that between 18,000 and 30,000 guests attended the March 2011 wedding, including a Who’s Who of India’s Bollywood stars, leading industrialists, and some senior politicians — up to and including Prime Minister Manmohan Singh. The groom’s arrival in a new BMW was beamed on giant television screens to the assembled thousands. In addition to their daughter’s hand in marriage, the bride’s family also bestowed on her husband a new Bell 429 helicopter, which sells for upwards of $5 million. The full price tag for the nuptials was estimated variously at between $22 million and $55 million. (more…)

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