How the EU is causing problems for the ‘Preston Model’ of local, non-corporate procurement

I’ve often suggested that Western states are beginning to resemble an admin department for the corporate sector. They take corporate campaign donations, accept their jobs, listen to their lobbyists, and then manipulate their economies to service the needs of multinational corporations and banks, which includes allowing them to avoid tax, awarding them contracts, changing or […]

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We’re launching a national mutual credit scheme and here’s why we’d like you to join

We’re working with other groups, including Open.coop, the Credit Commons Collective and author Tom Greco to build a UK-wide mutual credit network. Mutual credit is an old idea that could really take off in the age of the internet. We think it can help strengthen communities and support small businesses, at the expense of multinational […]

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How the corporate banking system transfers wealth from the poor to the wealthy, without anyone noticing

Herman Daly's Steady State Economics challenges the corporate banking system

Herman Daly has been one of my heroes since I read Steady State Economics as a young man. I’m re-posting a blog article of his, originally posted on the website of the Center for the Advancement of the Steady State Economy (CASSE) in the US, because it’s a simple description of how it concentrates wealth […]

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