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Global Energy Use Indicates We’re Heading Toward Climate Emergency Faster Than We Thought

Empowering women. Improving education. Expanding access to technology. Reducing infant mortality. These goals have all been heralded as keys to sparking sustainable economic growth in the developing world and improving the lives of billions of global citizens. But a new study suggests that if the planet is to avoid the most catastrophic impacts of climate change, there might need to be an …

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Ismael Hossein-Zadeh – The Age of Finance Capital—and the Irrelevance of Mainstream Economics

Despite the fact that the manufacturers of ideas have elevated economics to the (contradictory) levels of both a science and a religion, a market theodicy, mainstream economics does not explain much when it comes to an understanding of real world developments. Indeed, as a neatly stylized discipline, economics has evolved into a corrupt, obfuscating and useless—nay, harmful—field of study. Harmful, …

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Dean Baker – A Fed Rate Hike Will Harm the Economy, Why Don’t the Candidates Seem to Care?

There was something for everyone in August’s US jobs report. The headline figure for jobs growth was less than expected, but the last two months were revised up. Wages grew, but the number of people out of the workforce remains worryingly high. What’s a central banker to do? Sadly the answer is exactly what they want to do, and no …

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John Michael Greer – The War Against Change

Last week’s post explored the way that the Democratic party over the last four decades has abandoned any claim to offer voters a better future, and has settled for offering them a future that’s not quite as bad as the one the Republicans have in mind. That momentous shift can be described in many ways, but the most useful of …