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On this page you will find topics and information related to the economy. However, a more ideal solution would be for a resource based economy where the workers own the means of production.
- The United States must pass a minimum wage that adjusts for the cost of living by state and location therein. This would need to be adjusted and re-evaluated annually. We also need to consider the implementation of some sort of price control system on goods and services to prevent inflation and price gouging.
(January 22nd, 2021)
Information on MMT can be found at this bottom of this page.
Miscellaneous Related Content
End the FEDish: Redirecting Our Anger and Efforts to Save the World (February 4th, 2018)
The History of the Federal Reserve (September 18th, 2019)
The History of Recessions (October 19th, 2022)
Abolish the Federal Reserve (January 27th, 2023 Debate)
The Debt Ceiling (January 28th, 2023)
Child Labor Laws Regress Backwards in America (February 14th, 2023)
France protests over pension reforms (February 20th, 2023)
Michael Hudson On BRICS De-dollarization, The Banking Crisis, and Multipolarity (March 30th, 2023)
We also need to make the transition to an economy focused on De-growth (Book Recommendation on the subject / Interview with the Author) - A few topics in said book include: Economic Metabolism, Convivial Technology, and The Democratization of the Economy
Corporate profiteering is the main source of inflation and people’s never-ending cost-of-living crisis. Here’s why (May 17th, 2024)
The Most Common Essential Jobs in the US Don’t Pay a Living Wage (June 20th, 2024)
Explaining Communal Income and Why it is Essential to Socialism (August 8th, 2024)
Adults making under $80K can’t afford to live comfortably in any state (June 5th, 2025)
It's Time To Abolish Debt (July 1st, 2025)
Opinion: When it comes to currency here in the United States, it is my opinion that the historical figures we have stamped all over our bills and coins should be completely removed. The figures we honor were slave owners, proponents of genocide, colonizers, war criminals, and overall, just oppressors in their own right. I feel we should replace what's on our currency with historical figures who fought for people's freedoms and rights with everything that entails. Many such figures were socialists, communists, activists, and labor organizers who have been whitewashed and largely untaught in the public school system. When they are taught in schools, it's either a very brief mention or they are brought up to demonize them in some way without providing any factual context.
2. The idea of a UBI has been around for many years but many consider it a temporary band-aid that could cause more harm than good, the counter argument is that a federal jobs guarantee is a better solution to unemployment. However, my own personal issues with both is how I haven’t heard any discussion on how they would affect social security and other benefits. Still, I recommend listening to the following Macro n Cheese episodes that talk about a UBI and Federal Jobs Guarantee more in-depth: 18, 28, 67, 72, 103, and 122, to name a few. I also recommend listening to this episode by 1Dime Radio that discusses the differences between UBS and a UBI. If you don't want to listen to hours of economic discussions, you can watch this short discussion by Hakim who also believes that a UBI is a bad idea.
2. The idea of a UBI has been around for many years but many consider it a temporary band-aid that could cause more harm than good, the counter argument is that a federal jobs guarantee is a better solution to unemployment. However, my own personal issues with both is how I haven’t heard any discussion on how they would affect social security and other benefits. Still, I recommend listening to the following Macro n Cheese episodes that talk about a UBI and Federal Jobs Guarantee more in-depth: 18, 28, 67, 72, 103, and 122, to name a few. I also recommend listening to this episode by 1Dime Radio that discusses the differences between UBS and a UBI. If you don't want to listen to hours of economic discussions, you can watch this short discussion by Hakim who also believes that a UBI is a bad idea.
Milton Friedman UBI vs NIT (February 26th, 2019)
4. Abolish or reform the Credit Score System as well as remove the 7 year timeframe to reestablish your credit. (November 19th, 2021)
4. Abolish or reform the Credit Score System as well as remove the 7 year timeframe to reestablish your credit. (November 19th, 2021)
5. Pressure the government to strongly enforce Antitrust laws to break up monopolies that threaten our constitutional rights and destroy competition in the market, but a permanent solution would be to address the problem of capitalism, instead of kicking the can down the road for the monopoly problem to rise again. | One such example to enforce antitrust laws - specifically in correlation to app stores and their monopoly over the market would be to Pressure Congress to pass both S2992 & S2710, both bills together would establish powerful counterbalances against the dominant app stores (Apple and Google) by prohibiting egregious acts of self-dealing by the largest gatekeeper tech companies. -- We also need to repeal the Telecommunications Act of 1996
5. Pressure the government to strongly enforce Antitrust laws to break up monopolies that threaten our constitutional rights and destroy competition in the market, but a permanent solution would be to address the problem of capitalism, instead of kicking the can down the road for the monopoly problem to rise again. | One such example to enforce antitrust laws - specifically in correlation to app stores and their monopoly over the market would be to Pressure Congress to pass both S2992 & S2710, both bills together would establish powerful counterbalances against the dominant app stores (Apple and Google) by prohibiting egregious acts of self-dealing by the largest gatekeeper tech companies. -- We also need to repeal the Telecommunications Act of 1996
(July 12, 2018)
NOTE: It's important that we don't forget about the transnational capitalist asset management firms and organizations that have an immense amount of political influence, including but not limited to: Blackrock, State Street, the Rockefeller Foundation, Open Society, the Adelson family, the Walton family, the Koch Brothers, Pierre Omidyar, Leonard Leo and Vanguard to name a few that desperately need to be broken or flat out destroyed. This includes private organizations such as the Carlyle Group for example, which is basically a group of evil geniuses working on behalf of capitalists.
BlackRock: The Conspiracies You Don’t Know (September 19th, 2024)
Related Content
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Hidden power of the Big Three (April 25th, 2017)
Capitalism And Monopolies: How Five Companies Control All US Media (August 28h, 2020)
Is there a magic money tree? (October 20th, 2020)
Why the US must break the grip of huge monopolies (October 30th, 2020)
Nestlé: The Most Evil Business in the World (October 25th, 2021)
"They Own Everything" | The Most Powerful Company in the World (May 29th, 2022)
12 Rights Corporations Have Under the Law — That You Don’t (February 3rd, 2023)
Major Silicon Valley bank implodes (March 11th, 2023)
Silicon Valley Bank: The Fed’s Role in its Downfall (March 12th, 2023)
Interview With Peter Winslow About Public Banks & The SVB Crash (March 22nd, 2023)
Banking Crisis 3.0: Time To Change The Rules Of The Game (March 24th, 2023)
Did big banks take over the Treasury? Bank crisis exposes public realities of private banking (March 25th, 2023)
Hitler was Financed by the Federal Reserve and the Bank of England (April 1st, 2023)
US bank bailout benefited billionaires, exposing corruption: ‘I understand why Americans are angry’ (April 10th, 2023)
Global 1% Captured $42 Trillion in New Wealth Over Past Decade (July 25th, 2024)
Fighting Oligarchy: The Idle Rich and the Vampire Economy (May 2nd, 2025)
GENIUS Act
Many celebrated Trump’s January executive order that purportedly banned central bank digital currencies (CBDCs), which have raised alarm bells over privacy concerns and the further centralization of the financial system. The same order’s call to elevate stable-coins, a category of cryptocurrencies generally linked to the US dollar, flew largely under the radar. This week, however, the House passed the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), which proponents have hailed as a pro-cryptocurrency bill. Passed by the Senate in June, the act establishes a regulatory framework for stable-coins, a move that will likely make them more mainstream. JP Morgan CEO Jamie Dimon has said the bank plans to adopt stable-coins, and other financial giants have expressed similar interest.
While the Federal Reserve may not be directly issuing CBDCs (and legislation banning this without congressional approval has passed the House), the elevation of stable-coins may ultimately have the same effects as CBDCs: centralization, surveillance, and the reinforcement of the current power structures. For example, the bill establishes conditions, per the Bank Secrecy Act, that could require stablecoin issuers to “block, freeze, and reject specific or impermissible transactions that violate Federal or State laws, rules, or regulations.” The bill also imposes surveillance requirements for stablecoin issuers, like “monitoring and reporting of any suspicious transaction relevant to a possible violation of law or regulation.” Unsurprisingly, the GENIUS Act passed both houses of Congress with bipartisan support despite some opposition from members of both parties. (Source)
7. Make it illegal for companies to reduce hours and/or fire employees for unionizing. However, unionizing should just be the first step when we should be opting for a worker-cooperative instead, wherever possible.
7. Make it illegal for companies to reduce hours and/or fire employees for unionizing. However, unionizing should just be the first step when we should be opting for a worker-cooperative instead, wherever possible.
Worker Cooperatives: Expanding Democracy In The Workplace (October 20th, 2020)
(November 21st, 2022)
8. Taxes
8. Taxes
Enact a maximum wage policy in which any individual making over a million dollars a month and/or 12 million dollars or more a year will be taxed 90 cents on the dollar. ~ Millionaires and Billionaires don’t earn, they exploit.
Wall street transaction tax.
Lifetime ban from owning, operating, advising, investing, or otherwise having access to financial instruments for individuals found guilty of tax evasion
Forfeiture of assets and funds equal to the offense for companies found guilty of tax evasion. And the forfeiture of rights to declare bankruptcy in the event of a corporation being found guilty of tax evasion.
9. The Abolishment of the International Monetary Fund, The World Bank and The World Trade Organization
9. The Abolishment of the International Monetary Fund, The World Bank and The World Trade Organization
📖 Book Recommendations:
Hidden Repression: How the IMF and world bank sell exploitation as development by Alex Gladstein
The Globalization of Poverty by Michel Chossudovsky
Unholy Trinity: The IMF, World Bank and WTO by Richard Peet
When engaging in a debate with a staunch supporter of capitalism, sometimes they will use the argument that goes something like this: Capitalism isn't perfect, but it's been around for thousands of years, practically since the beginning of time, it therefore is a superior economic model to communism. This initially may sound like a good argument and will even stop some people in their tracks when in a debate, but this a tactic used by supporters of capitalism, whether they know it or not, to confuse people and shut down conversation. People often assume that capitalism is defined by "markets and trade." But markets and trade existed for thousands of years before capitalism. So, what is distinctive about this economic system?
Three things:
1. First and most importantly, it is defined by enclosure and artificial scarcity. The origins of capitalism lie in a systematic effort by elites to restrict people's access to commons and independent subsistence in order to render them reliant on wage labor for survival.
2. Second, capitalism is organized around - and dependent on - perpetual expansion, meaning ever-increasing production of commodified goods. It is the only intrinsically expansionary economic system in history (meaning it basically has a crisis if it doesn't continually expand).
Crucially, under capitalism, the purpose of increasing production is *not* primarily to meet human needs but rather to extract and accumulate profit. It's important to distinguish here between small businesses, which quite often operate with a steady-state, use-value logic (and which obviously preceded capitalism), and corporations whose main objective is expansion and accumulation… The result is a system that, left to itself, automatically generates inequality and ecological breakdown.
3. Finally, capitalism is notable for precluding democratic decision-making. Even in countries that prize political democracy, democratic principles are rarely allowed to operate in the sphere of production, where decisions are made overwhelmingly by those who control capital.
In sum, the tendency to equate capitalism with "markets and trade" naturalizes a system that is not natural, and prevents us from having a clear-eyed view of how it operates and how we might want to do things differently.
For additional information on economics and that of MMT, refer to the following:
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