Carne Ross

Capital Flight and what it tells us about how to address global problems

1.  Rapid capital flight from so called emerging economies like Brazil and India demonstrates the profound and inherent volatility of global financial markets

2. Also shows Minsky-ian nature of markets: speculators get out because they fear others may do so first, creating self-sustaining cycle

3. And it’s not at all clear that tools of international cooperation, including the IMF, are adequate to mitigate this volatility and prevent negative consequences (indeed, there’s a strong argument that IMF prescriptions in eg Greece have made things much worse)

The Nation: Occupy Bank Cards!

The Nation published an article about The Occupy Money Cooperative by Alissa Quart. I have taken the liberty of pasting the text below.

 

Occupy Bank Cards! A band of finance wizards take on the system they now say is corrupt. By Alissa Quart August 12, 2013  

 

Animated: David Harvey’s critique of capitalism

This is a great short video which puts David Harvey’s Marxist critique of capitalism into animated form.  It’s a compelling analysis, but notably Harvey fails to offer any solution.  For that, well, my views are in my book.   In a few words: direct action, participatory democracy, recapturing agency.

Cooperative Banking is the Wave of the Future: Ellen Brown

In my Occupy banking group, we are gearing up to launch a fundraising appeal for The Occupy Money Cooperative.  More details about this will appear on this site, and on the Coop’s own site, in the near future.  Meanwhile, here’s a good article from 2012 about cooperative banks – and indeed an incisive critique of contemporary banks – by Ellen Brown.

“Our forms must reflect our fundamental political values”, Interview in The Guardian

Liam Barrington-Bush is exploring new forms of political action and organization, from Mexico to the UK.  His book, “Anarchists in the Boardroom” is out soon.  I met him at the Left Forum in New York City a few weeks ago, where he had invited me to a panel on horizontal forms of organization.  This led to this interview in today’s Guardian, which I am also pasting below, with apologies to The Guardian’s copyright guardians (all property, including intellectual, is th