SE News

Lesson From History: How Bronze Age Rulers Simply Canceled Debts

It's Our Economy - April 18, 2019 - 10:00am
There has been an explosion of discussion about whether to cancel student debts. Critics of the idea point out that wealthy people would be the main gainers, posing moral hazard. The debate has  has quickly slipped into a discussion of modern economies and whether it was moral to cancel the debts of people who are in arrears, when some people have struggled to keep current on their payments.” Bankers and bondholders love this argument, because it says, “Don’t cancel debts. Make everyone pay, or someone will get a free ride.”
Categories: Friends of GEO, SE News

The Social And Solidarity Economy Is A Workable Alternative To Capitalism

It's Our Economy - April 18, 2019 - 9:00am
The social and solidarity economy (SSE) is an economic phenomenon in the full throes of expansion throughout the European Union, as well as other parts of the world. This is no doubt partly the result of the 2008 economic and financial crisis and the prolonged post-crisis period, which – despite the economic recovery in macro-economic terms – has, over the last ten years, led to ever-growing inequalities, precarious employment and cutbacks in basic public services in ‘welfare societies’.
Categories: Friends of GEO, SE News
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