A free lunch of common sense
“There is no such a thing as a free lunch” often claim prominent mainstream economist. Well, the opposite theory – which justify unorthodox policies such as the unconditional basic income, finally gets some reckoning.
» Read moreBankers prove basic income is feasible in Greece
So the greek central bank just announced the cost of the greek bank recapitalization : 27.5bn euros just for the 4 biggest banks, 40 bn overall. That could even top at 50bn, the Bank of Greece admits. This represents about 20% of Greece’s GDP. What a scam, isn’t it? Well, this is actually awesome: just by doing this, bankers are providing the
» Read moreBankers prove basic income is feasible in Greece
So the greek central bank just announced the cost of the greek bank recapitalization : 27.5bn euros just for the 4 biggest banks, 40 bn overall. That could even top at 50bn, the Bank of Greece admits. This represents about 20% of Greece’s GDP. What a scam, isn’t it? Well, this is actually awesome: just by doing this, bankers are providing the best possible evidence
» Read moreCyprus’ concessions & troika’s confessions
Current negotiations between the EU and Cyprus’s government towards a bailout deal for over-indebted Cyprus could lead to an important confession from the troika: yes, private investors must and can pay the price of the crisis.
» Read moreA simple & powerful solution for banks’ public recapitalization
There is a simple solution for managing a public banking sector recapitalization without merely giving a free lunch to bankers : distribute equity to the People.
» Read moreProtesting against each others
Recent gay marriage debate in France unveils the rise of moral values as pretexts for ruling political debate.
» Read moreFirenze 10+10: Learning from defeat
Last European Social forum was a failure in terms of convergence. How can Europeans citizens and civil society organization can join their forces for a another Europe? Here are few ideas on how to improve the next european social forum. Ten days ago, I was attending Firenze 10+10, the seventh European Social Forum. This event was held ten years after the first
» Read moreThe trouble with Trade Unions
Beyond the fight for better labor rights, Trade Unions must widen their vision, work on tackling mass-unemployment by defending the unemployed as long as the workers.
» Read moreGuy Standing: “the Precariat is growing angry”
Guy Standing is Professor of Economic Security at the University of Bath and a founder member and co-president of the Basic Income Earth Network (BIEN), a non-governmental organisation that promotes a citizenship income for all. He worked at the International Labor Organization as researcher for many years and is author of “The Precariat — the new dangerous class”, published in in
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