American capitalism has a hate-love relationship with the nation’s schools. On the “hate” side is a stream of complaints from business leaders and organizations about the many students, particularly in city schools, who fail achievement tests, are high school dropouts or, if they complete high school, do not have the academic qualifications for college and advanced-skills education. Given these educational failings, they ask, how will the nation’s economic system obtain the workforce needed for … [Read more...]
Degrowth: A Call for Radical Abundance
When orthodox economists first encounter the idea of degrowth, they often jump to the conclusion that the objective is to reduce GDP. And because they see GDP as equivalent to social wealth, this makes them very upset. Nothing could be further from the truth. I reject the fetishization of GDP as an objective in the existing economy, so it would make little sense for me to focus on GDP as the objective of a degrowth economy. Wanting to cut GDP is as senseless as wanting to grow it. The … [Read more...]
Bulldoze the Business School
Visit the average university campus and it is likely that the newest and most ostentatious building will be occupied by the business school. The business school has the best building because it makes the biggest profits (or, euphemistically, “contribution” or “surplus”) – as you might expect, from a form of knowledge that teaches people how to make profits. Business schools have huge influence, yet they are also widely regarded to be intellectually fraudulent places, fostering a culture of … [Read more...]
Trump Trauma
While we mourn the tragedy that fear, prejudice and ignorance “trumped” in the US Presidential election, now is the time to go deeper and broader with our work. There is a growing recognition that the scary situation we find ourselves in today has deep roots. To better understand what happened—and why—we need to broaden our horizons. If we zoom out a bit, it becomes clear that Trump is not an isolated phenomenon; the forces that elected him are largely borne of rising economic insecurity and … [Read more...]
From Livelihoods to Deadlihoods
In India, economic development and modernity have transformed livelihoods into deadlihoods. They are wiping out millennia-old livelihoods that were ways of life with no sharp division between work and leisure, and replacing them with dreary assembly line jobs where we wait desperately for weekends and holidays. Economic progress, we are told, is about moving from primary sector jobs to manufacturing and services. And so the livelihoods that keep all of us alive – farming, forestry, … [Read more...]