politics

Using Comics to Explain Complex Economics

- Adam Clare 1 Comment

Economix Comics

Economix Comix is a series of comics that looks at, you guessed it, economics. Using comics is a great way to translate really complex economic ideas into something which is more relatable and understandable. Late last year the artist (and brain) behind the series of comics released a look at the Trans Pacific Partnership (TPP).

Above is one of the pages from the comic looking at the chaos of a deal the TPP really is. It’s worth a full read if you’re new to learning about the TPP and you can read it all for free here.

Economix Comix stays current too! Here’s a brief look at the Greece situation in the Euro zone.

It’s Time to Rethink Capitalism

- Adam Clare

Capitalism favours the wealthy and what we have seen this entire millennium is that this is more true than ever. Inequality is on the rise pretty much everywhere, and this is a problem. In this TED Talk, Paul Tudor Jones II, examines the current problematic state of capitalism and how we can rethink it.

Paul Tudor Jones II loves capitalism. It’s a system that has done him very well over the last few decades. Nonetheless, the hedge fund manager and philanthropist is concerned that a laser focus on profits is, as he puts it, “threatening the very underpinnings of society.” In this thoughtful, passionate talk, he outlines his planned counter-offensive, which centers on the concept of “justness.”

We Need to Hold Banks Accountable (again)

- Adam Clare

The financial sector is like a hydra and we need to get it under control. The bad news is that bankers have been able to get away with some unethical practices for the last decade or so. The good news is that finally American politicians are taking notice of this and are talking about what to do.

This discourse is needed now while the banks are stable to try to ensure that the their crazy actions don’t lead to yet another financial boondoggle.

Yes, the banks are back. As the New York Times’s Neil Irwin reported, employment has returned to 2007 levels; the gap between the pay of Wall Street workers and everyone else is back near record levels, and the profits of the financial sector are soaring.

This is, as Irwin notes, a glaring contrast to what occurred after the crash that led to the Great Depression in the 1930s. Then banks were shackled, tightly regulated and greatly diminished in scope and license. The result was decades without major financial crises, during which the economy boomed and the United States grew together, with inequality decreasing. Now, however, while Dodd-Frank reforms have forced some changes, the big banks are more concentrated than ever. They continue to profit from high leverage, exotic trades and very high risk. They remain too big to fail — and apparently the bankers are too big to jail.

More and more studies, including one by the International Monetary Fund, hardly a radical bastion, suggest that a bloated financial sector is bad for an economy. It generates destructive booms and busts. Its high pay entices the most creative to use their talents on financial schemes rather than in more productive activities. Its culture of greed corrupts not just Wall Street but also our politics and economy more generally.

Read more.

Rethinking Environmental Education Under Neoliberalism

- Adam Clare

Neoliberalism is the current way of thinking about the economic state of the world. It’s the thinking that has led to the financialization of nearly everything in the world – think about how we justify our thinking in economic terms and not other terms.

The critiques of the mind-numbing neoliberal approach to thinking are growing and the most recent issue Environmental Education Research examines how neoliberalism is changing how we teach. This is good because we need to move our way of thinking beyond an economics-only framework, the more we critique neoliberalism the better the world we can create.

“Environmental education is political,” said Hursh. “People do not fully comprehend the meaning of neoliberalism, but often overuse it to blame or explain current environmental conditions and issues. We need to talk about the nature of environmental education within the context of the dominant economic and political system of neoliberalism.”

The 13 articles in the new special issue of Environmental Education Research challenge readers to consider the many ways that environmental education has been shaped by and interacts with the logic of neoliberalism.

Hursh focuses his research and writing on educational policy, neoliberalism, and teaching environmental sustainability and social studies, as well as public dimensions of environmental education, with a particular emphasis on how it applies to the energy system and climate change dynamics. In his most recent writing, Hursh describes how neoliberalism undermines education and democracy. His next book, The End of Public Schools: The Corporate Reform Agenda to Privatize Education, is scheduled to release summer 2015 by Routledge

Read Environmental Education Research.

Read the press release.

Ontario Joins California and Quebec’s Cap and Trade Program

- Adam Clare

Ontario is launching a cap and trade carbon program that matches with the existing programs in Quebec and California. This is a good thing for adoption of carbon-conscious economics even if the system isn’t perfect. The program is being praised by Greenpeace and other environmental NGOs.

And this program is happening despite the obvious incompetence of Canada’s federal government, including their support of the shameful tar sands.

The plan would increase the scope of the market to 61 million people and half of Canada’s economy.

Premiers and territorial leaders are poised to meet in Quebec City Tuesday to discuss an environmentally responsible Canadian energy strategy, which they agreed to in Charlottetown last August. Their goal is to flesh out the strategy before UN climate talks in Paris in December.

Read more.

Scroll To Top