Tag: Capitalism

Capitalism is in crisis. To save it, we need to rethink economic growth.

That mindless growth, Hickel and his fellow degrowth believers contend, is very bad both for the planet and for our spiritual well-being. We need, Hickel writes, to develop “new theories of being” and rethink our place in the “living world.” (Hickel goes on about intelligent plants and their ability to communicate, which is both controversial botany and confusing economics.) It’s tempting to dismiss it all as being more about social engineering of our lifestyles than about actual economic reforms. 

Though Hickel, an anthropologist, offers a few suggestions (“cut advertising” and “end planned obsolescence”), there’s little about the practical steps that would make a no-growth economy work. Sorry, but talking about plant intelligence won’t solve our woes; it won’t feed hungry people or create well-paying jobs. 

Still, the degrowth movement does have a point: faced with climate change and the financial struggles of many workers, capitalism isn’t getting it done. 

Slow

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Capitalism | Debt Action | Middle East Social Spending | European Infrastructure | Monetary Policy | Technology

In today’s edition we focus on a new type of capitalism, the need for urgent action on debt, social spending in the Middle East and Central Asia, infrastructure spending in Europe, monetary policy and inequality, technology as a double-edged sword, and much more.

But first, I’d like to introduce you to my colleague Adam Behsudi, who will be your host this week. He recently joined the IMF Weekend Read editorial team to help provide you a glimpse into the happenings of the Fund and beyond. And on that note, let’s dive right in.

MACRO DECISIONS, MICRO CONSEQUENCES

In a wide-ranging interview Managing Director Kristalina Georgieva commented on her management style, why she’s an optimist in the face of a U.S.-China rift and how the COVID-19 crisis is an opportunity to pursue a more inclusive, fair and green form of capitalism.

“I am not in favor of abandoning capitalism,” she said

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NASA Is Soliciting Bids to Bring Capitalism to the Moon

The moon over Washington, DC in December 2017.

The moon over Washington, DC in December 2017.
Photo: NASA/Bill Ingalls (Getty Images)

Mankind’s quest to really fuck up the Moon is taking another step. NASA has filed a “request for quotations” for any company willing to scrape the lunar surface for the first off-world sale of space resources, in a sort of baby step towards Moon Capitalism.

The project isn’t complicated: NASA is offering $15,000 to $25,000 for samples of rocks, lunar regolith (a fancy word for dust, debris and other Moon-crud), or ices, so long as they’re able to pack them in some type of container and provide photographic and textual proof of where it was culled from. Contractor(s) will have to provide their own transportation to the moon, and NASA isn’t even asking for the samples to be analyzed or returned to Earth.

“The material(s) may be collected from any location on

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