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Like Martin Luther objecting to Pope Leo X selling indulgences to raise money for a variety of excesses, the environmental costs of carbon markets far exceed the benefits. Austerity would have denied us Renaissance art which is less at risk in an age of non-fungible tokens. Today the consequences for the planet...

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  • March 28, 2021

As Climate Crisis returns to the new US administration agenda, negative emissions technologies (NETs) may find their implementation hindered by neoliberal financialization.   An earlier ACM story showed how Steve Keen’s critique of Nordhaus’s use of discounting climate change demonstrates that orthodox economics is incapable of accelerating innovation especially in...

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  • January 31, 2021
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The neoliberals’ “free market” is not going to sequester enough carbon to save the environment. Even Warren Buffett isn’t willing to take a bet on surviving an impending climate crisis catastrophe, because “the rents are too high”. Existential threats have a critical reality, about which ruthless criticism is entailed. Even...

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  • December 27, 2020

I recently came across a typical Twitter argument about the CIA promoting modern art as propaganda. The usual distorting tweet-discourse occurred but what remained are somewhat paranoid discussions of whether the CIA supported Modern Art. They really didn’t, as much as they supported US propaganda in general. The argument about CIA and Art evolved...

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  • December 6, 2020
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Larry Kudlow continues the underlying theme of Trumpian nihilism and its trickle-down contagion of pixie dust and pseudoscience. Trump continues to see his numbers decline as his campaign put him on a superspreader rally schedule, attempting to repeat his 2016 victory of 155,000 votes in swing states while trailing 3 million...

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  • October 25, 2020

Periodically, ACM readers might want an introduction to anticapitalism. This emerges because of the disinformation propagated by kakistocratic clowns like Trump, who enables neoliberal capitalism while pursuing kleptocracy and monopolizing violence. This is important as yesterday Trump signed an executive order that had no effect on big pharma, and endorsed extrajudicial killing...

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  • September 13, 2020

“(T)erminating labour and share markets, along with the type of commercial banking taken for granted today, is a prerequisite for a post-capitalist society with functioning markets, authentic democracy and personal liberty.” Left accelerationism seems tempting in a time when markets, democracy, and liberty are in peril. but Yanis Varoufakis is hinting...

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  • August 30, 2020
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This week I attended (remotely) the Rethinking Economics Festival and encountered challenging pluralist discourses like a platform economy (noting that most of such work is populated by women), decolonizing the Eurocentric position in disciplines, or “fully-automated luxury communism”. I thought I’d share some resource items and make a few observations....

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  • July 26, 2020
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Modern Monetary Theory (MMT) can (but not will) save the US economy. What with the White House Council of Economic Advisors now reduced to one economist, it’s worth noting that one of their econometric models (Hassett) influenced the prediction that COVID-19 infections in the US would go to zero by...

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  • June 28, 2020

(Originally, I had done something on a MMT podcast with some of its major luminaries, but I’ll save it for a future AC chat diary, since Historical events seem more important for MeetUps) 'Boogaloo' Is The New Far-Right Slang For Civil War  x The United States of America will be designating ANTIFA...

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  • May 31, 2020

FUBAR’s definition is – thoroughly confused, disordered, damaged or ruined x America First is the Trump campaign slogan pic.twitter.com/KwGTOnWoDm — Adam Parkhomenko (@AdamParkhomenko) March 29, 2020 x All these right-wingers kept saying that socialism would kill us and now their cult leader is literally telling people to go out during a...

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  • March 29, 2020

If electoral victory is a mouse to be caught, the color of the cat deployed doesn’t really matter. Matthew 21:12 He knocked over the tables of the money changers and the chairs of those selling doves. Screw inevitability and electability, aphorisms and purity still rule the day in what is now a lively but...

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  • February 23, 2020

The BBC identified 12 key issues for the Labour party’s manifesto in preparation for the December General Election. Not wishing to take anything away from NY Brit Expat’s cogent analyses, I wanted to reflect on one item, the potential for re-nationalizing of key sectors in the US 2020 election context,...

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  • November 24, 2019

There are some continuing items of discourse that are important to our understanding how the climate crisis is one of a just transition to sustainable production. Naomi Klein reminds us in a recent interview with the Guardian, as we observe the “Beginnings of an era of Climate Barbarism”: Do you feel encouraged...

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  • October 27, 2019