The Chicago Political Economy Group is among a huge number of organizations supporting and endorsing the upcoming Global Teach-In, an event being held simultaneously in seven countries around the world, in an effort to build a new global economy for the 99%.
The Chicago Teach-In will take place from 11am, to 3pm on April 25th at Columbia College, 600 S Michigan, in room 101 at Ferguson Lecture Hall. The event will feature key speakers from around the world and will focus on three major principles; creating global democracy networks, green jobs and planning, and building a new financial system that benefits the 99%.
For more information visit globalteachin.com.
At the recent Occupy Chicago Spring Event in Grant Park, participants in CPEG’s workshop didn’t just have the opportunity to focus on the problems facing the world economy, they got to design their own! The workshop included both an essay authored by CPEG’s Ron Baiman which points out the “deep immorality” of traditional mainstream economics, and an exercise called “Design Your Own Utopia”, a workshop developed by “radical” economics graduate students at the University of Massachusetts in the 1980’s but perhaps even more relevant today.
In particular, the essay argues, though it pretends to be a value-free and objective “science”, Neoclassical economics is actually a thinly-veiled, blatantly immoral social system, and thus clearly an ideology rather than a school of thought that represents a reasonable and meaningful value-based “economic science”.
Download the Essay and Workshop Instructions (PDF)
Image: ddpavumba / FreeDigitalPhotos.net
The idea of a Financial Transaction Tax (FTT), a small tax on financial transactions that could generate $537 Billion annually for the ailing economy, has been steadily gaining momentum. Recently, it’s been championed by Labor Unions, the Occupy Movement, and some Democratic Lawmakers. But on January 5th, the FTT found support in a very unlikely place.
The Wall Street Journal, not exactly a clearinghouse for progressive ideas, published an online column entitled “To Reclaim the Envy of the World, Wall Street Must Pay“. Written by WSJ online’s David Weidner, the column cites our study in it’s call for a Financial Transaction Tax, which it points out would “create new forms of revenue for cash-strapped regulators and gently apply the brakes to trading run amok in the markets.”
Read the Full Column
The American Economic Association, which for decades has been the academic force behind the economic theories of the 1%, will be holding it’s 2012 annual meeting in Chicago, January 6-8th. CPEG will join the occupy movement, labor, community, and other groups in protest of the disastrous free-market ideology, championed by prominent members of the AEA, that has wrecked our economy for all but the wealthiest Americans.