Economy

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Economy

“Please tax us”: 83 millionaires demand higher taxes to fund coronavirus aid

More than 80 millionaires urged governments around the world to tax the super rich more to help fund the economic and social recovery from the corona crisis. In an open letter, the group, calling themselves “Millionaires for Humanity”, said they should be taxed higher, “immediately, substantially, permanently”. In their view, the financing of post-Corona reconstruction […]
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Economy

Vandana Shiva fights patents on seeds to make farmers independent from Monsanto and Nestlé

Vandana Shiva, the Indian scientist and activist stands for social justice and uncompromising sustainability. The Alternative Nobel Prize winner gained worldwide attention through her fight against the agricultural giant Monsanto. But Vandana Shiva does not only want to give the seeds back to the farmers who grow them. She is a well-known critic of globalisation, […]
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Economy

People before profit: The Degrowth Movement values people, not money

Globalised capitalist economies continue to rely on numbers and economic growth, although they reveal little about inequality and sustainable well-being. How people live is not only a question of chance, but strongly influenced by the people in power. The Degrowth movement deeply questions the ways of living, producing and consuming shaped by the powerful, and […]
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Economy

Household consumption grows – but only the rich benefit

The total amount of private household spending is increasing year by year worldwide. However, this growth is extremely unevenly distributed. Here are the top (or worst?) ten countries when it comes to consumption growth distribution in the past decade. Life is expensive. We have to spend money almost every day: on food, public transportation, housing, […]
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Economy

Unconditional basic income made the economy in Kenya’s villages boom

A charity implemented a massive economic stimulus package for rural Kenya: 10,500 households received $1,000 each. A study examined the effects. The result: the entire population benefited from the package and every dollar invested boosted the economy by 2.6 dollars. We can learn a lot from this. Economists founded the organisation „GiveDirectly“eleven years ago. They […]
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Economy

You can’t get rich – but stay rich

If you plan to get rich one day, you should check your family tree rather than job opportunities. Because to be a son or daughter of a wealthy family is the only safe way. Scientists agree: Wealth is inherited. Even more than previously thought. And wealth has been inherited for centuries. Families who were wealthy […]
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