Public Theology About   Organize   Theology   Church   Philosophy   Ethics   Politics   Governance   Society   Economy   Creation   Peace   Preach   Media   TheoEd   Contact  Home  Subscribe   Get Our Newsletter
Contact Us

  Economy Web Research

An Economic Prophet Criticizes Wild Wall Street Profiteering  6/25/2010 
Paul M. Barrett: Review  Crisis Economics: A Crash Course on the Future of Finance. By Nouriel Roubini and Stephen Mihm. 353 pp. The Penguin Press. $27.95

Chinese Workers Strike: An Event of Historic Proportions  6/17/2010 
Ed Knudson: Article  Charlie Kernaghan of the National Labor Committee urges everyone to send a message to Honda management to negotiate in good faith with striking workers.

The Purpose Motive is More Important than Profit Motive for Human Being  5/30/2010 
Article  An animated presentation on the results of scientific studies of human motivation reveals some surprises for those who believe traditional economic assumptions.

Crucial Economic History on Equality  5/24/2010 
Article  Everyone should study the year 1910 to understand the times of our own lives 100 years later. Do we want 'the utter despoilment of the many for the benefit of a few?'

Banks are Criminals: A Lost Decade Ahead for Home Owners  5/12/2010 
Mike Whitney: Article  Mortgage companies are trying to hold on long enough for home prices to rise, but in the process are wrecking the market. Time for a National Bank.

Equality is Good for Society and Local Community  4/5/2010 
Sam Pizzigati: Article  A new report by Richard Wilkinson and Kate Pickett shows how life is better for everyone when there is more equality in the distribution of incomes.

Recent Report Demonstrates Vast Increases in Global Urban Poverty  4/5/2010 
Adam Parsons: Article  At the World Urban Forum people learned that city-dwellers will rise to 2/3rds of humanity by 2030. Vast urban slums are being created.

Monopolization: Why New Jobs are Not Being Created  3/16/2010 
Barry C. Lynd: Article  Real entrepreneurs, real scientists, real executives, real bankers, real farmers, real software engineers, real venture capitalists understand quite well how real monopoly power is used against them.

An Economic Elite is Destroying American Society  3/14/2010 
David DeGraw: Article  Here are details of the names and structures of persons in positions of power in America today, including information about the Business Roundtable.

Blinded by Ideology  3/11/2010 
Paul Krugman: Article  If there is one image which portrays the reason for the financial meltdown it is this one. Krugman talks about Alan Greenspan and Ayn Rand.

The Colonization of Consciousness: American and Global Corporate Financialism  3/1/2010 
Joe Bageant: Article  From the South, a writer sees the honest reality of life and class in the U.S., the marketplace of culture, an occupied totalitarian society, unstable capitalism, hope as magic thinking.

Joe Stack: I Have Had Enough  2/27/2010 
Article  Big business exploits everyone, and big government helps them do it, says the man who flew a plane into an IRS building in Texas.

Democrats Must Wake Up to the Current Economic Emergency  1/23/2010 
Bob Herbert: Article  Democrats are in power. That they are not spending every waking hour trying to fix the broken economic system and put suffering Americans back to work is beyond pathetic.

Business under Republicans Delivers a Big Zero for the Decade  12/28/2009 
Paul Krugman: Article  Lower retirement incomes, no increase in employment, flat wages, bad accounting practices, wholesale failure of financial markets, it's been a very bad economic decade. Anyway, Happy New Year!

Cantwell is Key Figure in Reform of Finance Regulation  11/30/2009 
Robert Kuttner: Article  Read the inside story of how Summers and Geithner are resisting finanancial regulatory reform being pushed by Washington State Senator Maria Cantwell.

Corporate Killing Fields  11/3/2009 
Joe Bageant: Article  The writer finds the common in Mexico. Commodity capitalism, economic totalitarianism, gunpoint optimism are destroying society and culture and the real meaning of work.

Free Market Myths Used to Cover Up How Goverment Regulation Benefits Wealthy  10/29/2009 
Dean Baker: Article  Using copyright, patents, bankruptcy and financial regulation as examples, an economist shows how free market rhetoric obfuscates the real role of government regulation.

Entrenched Corporate Power Dominates Global Financial Meeting  10/1/2009 
Mark Engler: Article  Casino capitalism is still the order of the day after the recent G20 meeting in Pittsburgh. Obama admininstration fails to support executive pay caps.

Globalization as Farce: Criminal Class on Wall Street Relies on Military Force  9/22/2009 
Chris Hedges: Article  Protests against the G20 meeting in Pittsburgh need to expose the total failure of market-based globalization which enriches the few and impoverishes the many.

Economic Change and the Myth of Constant Growth  7/30/2009 
Naomi Klein: Article  This is a moment of possible progressive change of economic structures, but the Sarah Palin myth of unlimited environmental resources must be exposed.

'The Cause of My Life: Inside the Fight for Universal Health Care  7/22/2009 
Edward M. Kennedy: Article  This article provides background and history on health care reform by one of its most passionate proponents over the years.

Tax Debate Crucial for Working Folks and the American Future  7/21/2009 
Robert Parry: Article  'We can have democracy in this country, or we can have great wealth concentration, but we can't have both.'

Conservative Egalitarians  5/25/2009 
Sam Pizzigati: Article  A book by Benjamin Page and Lawrence Jacobs suggests Americans are ready for Class Warfare after all.

The Longer Reform is Delayed, the Bloodier the Revolution  5/20/2009 
John Kay: Article  The financial media is beginning to see that it is oligarchs and financiers, fixers and traders, who are the real cause of the current economic suffering of millions.

A New Social Mission for the Church: Labor Organizing  4/28/2009 
Nancy MacLean: Article  Might the nation’s churches, synagogues, mosques, and temples again have a role in rescuing a wayward economy? About Francis Perkins, Hilda Solis, and Kim Bono.

The Manna Story and the Sabbath Principle  4/10/2009 
Peter Laarman: Article  We should not confuse big-time criminality with small-time folly. This moral obfuscation allows the far greater misfeasance of corporate creditors to get airbrushed out of the picture.

Prophetic Disruption  4/2/2009 
Ed Knudson: Article  A justice ministry for responsible development in Tacoma, Washington, is discussed with a focus on immigant workers at a Point Ruston luxury development.

WCC Urges Global Economic Justice at the G20  4/2/2009 
Article  Samuel Kobia sends a letter to Gordon Brown about the G20 meeting and proposes increased role for the United Nations.

The Corporate Domination of Higher Education  3/29/2009 
Chris Hedges: Article  Facing the truth of how much economic institutions dominate society makes it possible to imagine how it should be different.

Obsessive Financial Deviants   3/22/2009 
Matt Taibbi: Article  The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution.

No Return to 'Normal' Economic Policy  3/19/2009 
James K. Galbraith: Article  This is an indepth analysis of Obama's economic policy advisors and why a very bold approach like the New Deal is now necessary for people to have jobs and the elderly to have income.

A Global Justice Rebellion  3/18/2009 
Mark Engler: Article  A portion of Mark Engler's book is presented here on new ways to organize the global economy including ideas from the World Social Forum.

Economic Hard Times Means Trouble for Non-Profits  3/14/2009 
Eyal Press: Article  The ACLU and lots of others who depend on contributions are finding their givers no longer are able to give.

Obama Encouraged to Change Immigration Policies  3/11/2009 
Article  NCC General Secretary Kinnamon calls on Obama, Napolitano to signal a new day in immigrations policy after a raid in Washington State.

A Moral Force that Confronts the Society   3/11/2009 
Article  A Lutheran laments his church's inability to stand up for the homeless, quoting John Steinbruck of Luther Place in Washington D.C. and Dietrich Bonhoeffer.

A Social Democratic Economist for Our Times: John Kenneth Galbraith  1/19/2009 
Ed Knudson: Article  A biography of Galbraith by Richard Parker is reviewed by J. Bradford DeLong. Democratic leaders lost their nerve to do what Galbraith thought best.

Republicans Against Worker Organizing  1/3/2005 
Article  Little by little Republicans on the National Labor Relations Board are making it hard for unions to organize workers.

The Loss of Livelihood: One Family's Experience  12/30/2004 
Article  Peter G. Gosselin writes about a family losing economic security and what it meant for faith and life.

Poverty as a Moral Values Issue  12/22/2004 
Article  Don Lattin of the San Francisco Chronicle writes about those trying to make poverty an issue in the moral values debate.

Historical Highlights of the Religion-Labor Movement  12/22/2004 
Article  From the Interfaith Worker Justice website, this article provides background on specific people and events.

Good Economic Planning? Some See Major Crisis Coming  12/6/2004 
Article  Paul Krugman, Robert Reich, and Stephen Roach have become economic prophets of doom. But the people who can do something about it don't believe in good economic planning.

What Money Can't Buy: The Moral Limits of Markets  11/22/2004 
Comment  Michael J. Sandel delivered the Tanner Lectures on Human Values at Brasenose College, Oxford, on May 11 and 12, 1998.

IMF and WCC Discuss Global Poverty   3/17/2003 
Article  The International Monetary Fund and World Council of Churches are talking.

The Prophet Has Spoken: Greenspan on Ethics and the Economy   7/16/2002 
Comment  Federal Reserve Chairman talks about corporate greed.

Enron Just Tip of Iceberg   6/22/2002 
Comment  Hedrick Smith reports on Frontline

living-wage.jpg
Economy Section

The primary political contest in the United States since the rise of industrial society has been between those who believe the government should regulate the economy and those who believe that the economy can best regulate itself through the free market without governmental interference.

At this website we suggest that it is not a free market that is most important, but a free society. The people should be free to live as they decide, the market must be managed for the benefit of that freedom. This is not a rejection of capitalism in favor of socialism; it is a concept of what can be called "well-managed capitalism." Exactly what that means will be the subject of much discussion here. Watch for many articles on the left menu in the future, as well as in other sections of the website.

Articles will include interpretations of economic history and debates over the meanings of the terms "capitalism" and "socialism." These debates in the last years, since Reagan announced in 1980 that "government is the problem," have been terribly confused. Since the fall of the Soviet Union in 1991 the political meanings of these terms has shifted. It used to be that Communism was socialist. Now the right wing radio zealots define any government program as socialistic, even fixing roads and regulating the quality of food and meat. All social welfare is socialist to these so-called conservatives. They are doing a huge disservice to the vast millions of Americans whose lives have been enhanced through what has been managed capitalism since the New Deal of Franklin Roosevelt, who began in the 1930s what we define here as social democracy for the United States.

The economy over which the conservatives (the free market and the importance of personal property are originally "liberal" ideas, now called "neoliberal" by thinkers in other parts of the world) have ruled now for four decades (including Democratic presidents) is now seriously crashing. It has not been a "free market." It has been a poorly managed market by Alan Greenspan and other libertarians. If you don't believe in government you are not going to do a good job governing, as the George W. Bush years demonstrate again and again, including the Katrina disaster. The market has been managed all right, but it has been managed for the interests of wealthy corporate few and against the real needs of common people living in real communities. That's why there are so many social problems today, that's why so many people need to take so many drugs to make themselves feel a little better, that's why families of all types have such trouble prospering and staying together.

The free market has become a kind of religious belief used to justify an economic system that has become illegitimate. It is an important but limited concept and need not be thrown away entirely. There are real economic limits and conditions to take into account. Government cannot manage everything down to every detail. That is ridiculous. Totally centralized planning is impossible and not necessary. But a well-managed capitalism is possible. It is done all over the world, in the Nordic countries, in Europe, in the growing economies in Asia. The United States is the only country left in the world with government-hating capitalists who want to control the global economy and who want to avoid any rules by which to conduct their business. Nobody likes rules, but without wise law created by careful government, the economy will not be beneficial to all in a free society.

Religion is What Keeps the Poor from Murdering the Rich.
- Napolean Bonaparte (maybe)















  Sponsored by the
Center for
Public Responsibility
.
About   Organize   Theology   Church   Philosophy   Ethics   Politics   Governance   Society   Economy   Creation   Peace   Preach   Media   TheoEd   Contact  Home  Subscribe   Become a Member
Web Research