Archive for the 'Economy' Category

Taking on the Military Keynesians

by @ Sunday, November 27th, 2011. Filed under Economy, High Road Economics, Marxism, Unemployment, militarism

War: The Wrong Jobs Program

By Mark Engler
SolidarityEconomy.net via Foreign Policy in Focus

More than 40 years ago, long before anyone had ever heard of Barack Obama, before the collapse of Bear Stearns, and before contemporary debates about bailouts and debt ceilings, two authors, Paul Baran and Paul Sweezy, considered a tricky problem. In times of downturn, the government must spend to stimulate the economy. Yet getting the political establishment to agree on one particular program of spending seemed nearly impossible.

Baran and Sweezy phrased the conundrum as a question: "On what could the government spend enough to keep the system from sinking into the mire of stagnation?"

After assessing the political realities that steer America's power elite, they could find only one response. It was not what typically comes to mind when we think of economic stimulus or government-led job creation.

Their answer: "On arms, more arms, and ever more arms."

The authors did not approve of military spending as a strategy of economic development.

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UltraWind: Why Can’t Every State with a Coastline Make These as Public Utilities?

by @ Monday, August 29th, 2011. Filed under Economy

 

Japanese breakthrough will make wind power cheaper than nuclear

A surprising aerodynamic innovation in wind turbine design called the 'wind lens' could triple the output of a typical wind turbine, making it less costly than nuclear power.

By Karl Burkhart

MNN.com - Aug 29 2011

Snapshot from video

The International Clean Energy Analysis (ICEA) gateway estimates that the U.S. possess 2.2 million km2 of high wind potential (Class 3-7 winds) — about 850,000 square miles of land that could yield high levels of wind energy. This makes the U.S. something of a Saudi Arabia for wind energy, ranked third in the world for total wind energy potential.

Let's say we developed just 20 percent of those wind resources — 170,000 square miles (440,000 km2) or an area roughly 1/4 the size of Alaska — we could produce a whopping 8.7 billion megawatt hour's of electricity each year (based on a theoretical conversion of six 1.5 MW turbines per km2 and an average output of 25 percent. (1.5 MW x 365 days x 24 hrs x 25% = 3,285 MWh's).

Video explaining the new process

 

The United States uses about 26.6 billion MWh's, so at the above rate we could satisfy a full one-third of our total annual energy needs. (Of course this assumes the concurrent deployment of a nationwide Smart Grid that could store and disburse the variable sources of wind power as needed using a variety of technologies — gas or coal peaking, utility scale storage via batteries or fly-wheels, etc).

Now what if a breakthrough came along that potentially tripled the energy output of those turbines? You see where I'm going. We could in theory supply the TOTAL annual energy needs of the U.S. simply by exploiting 20 percent of our available wind resources. Well such a breakthrough has been made, and it's called the "wind lens."

Imagine: no more dirty coal power, no more mining deaths, no more nuclear disasters, no more polluted aquifers as a result of fracking. Our entire society powered by the quiet "woosh" of a wind turbine. Kyushu University's wind lens turbine is one example of the many innovations happening right now that could in the near future make this utopian vision a reality.

Yes, it's a heck of a lot of wind turbines (about 2,640,000) but the U.S. with its endless miles of prairie and agricultural land is one of the few nations that could actually deploy such a network of wind turbines without disrupting the current productivity of the land (Russia and China also come to mind). it would also be a win-win for states in the highest wind area — the Midwest — which has been hard hit by the recession. And think of the millions upon millions of jobs that would be created building a 21st century energy distribution system free of the shackles of ever-diminishing fossil fuel supplies.

It's also important to point out that growth in wind power capacity is perfectly symbiotic with projected growth in electric vehicles. EV battery packs can soak up wind power produced during the night, helping to equalize the curve of daytime energy demand. So the controversial investment currently being entertained by President Obama to pipe oil down from the Canadian Tar Sands would — in my utopian vision — be a moot point.

It is indeed a lofty vision, but the technology we need is now in our reach. And think of the benefits of having our power production fed by a resource that is both free and unlimited. One downside often cited by advocates of coal and gas power is that wind turbines require a lot more maintenence than a typical coal or gas power plant. But in a lagging economy this might just be wind power's biggest upside — it will create lots and lots of permanent jobs, sparking a new cycle of economic growth in America.



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One Picture, One Thousand Words: Workerless Production at Hyundai

by @ Thursday, June 30th, 2011. Filed under Economy



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Why High Design Matters: Clean Electricity From Salt and Water

by @ Thursday, May 5th, 2011. Filed under Economy

 

New Type of Rechargeable

Battery – Just Add Water

 

The mixing entropy battery could be used to build power plants at estuaries where fresh wa...

The mixing entropy battery could be used to build power plants at estuaries where fresh water rivers join the ocean (Image: NASA)

By Alan Brandon

SolidarityEconomy.net via Gizmag,com

May 5, 2011 - Scientists at Stanford have developed a battery that uses nanotechnology to create electricity from the difference in salt content between fresh water and sea water. The researchers hope to use the technology to create power plants where fresh-water rivers flow into the ocean. The new "mixing entropy" battery alternately immerses its electrodes in river water and sea water to produce the electrical power.

Making electricity from the difference in salinity (the amount of salt) in fresh water and sea water is not a new concept. We've previously covered salinity power technology, and Norway's Statkraft has built a working prototype power plant. But the Stanford team, led by associate professor of materials science and engineering Yi Cui, believes their method is more efficient, and can be built more cheaply.

Other fresh/salt water power plants work by releasing energy through osmosis (the passing of solvent molecules through a membrane). The Stanford team's approach harnesses entropic energy from the interaction of the fresh water and salt water with the battery's electrodes.

The mixing entropy battery works by exchanging the electrolyte (a liquid that contains ions or electrically charged particles – in this case water) between when the battery is charged and when it is discharged. The ions in water are sodium and chlorine, which are the elements of ordinary table salt. The saltier the water is, the more sodium and chlorine ions there are, and the more voltage that can be produced.

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China’s Rise & The New Multipolar World

by @ Friday, January 7th, 2011. Filed under China, Economy, Globalization

Think Again: American Decline

This time it's for real.

BY GIDEON RACHMAN

ForeignPolicy.com

JANUARY/FEBRUARY 2011

"We've Heard All This About American Decline Before."

This time it's different. It's certainly true that America has been through cycles of declinism in the past. Campaigning for the presidency in 1960, John F. Kennedy complained, "American strength relative to that of the Soviet Union has been slipping, and communism has been advancing steadily in every area of the world." Ezra Vogel's Japan as Number One was published in 1979, heralding a decade of steadily rising paranoia about Japanese manufacturing techniques and trade policies.

In the end, of course, the Soviet and Japanese threats to American supremacy proved chimerical. So Americans can be forgiven if they greet talk of a new challenge from China as just another case of the boy who cried wolf. But a frequently overlooked fact about that fable is that the boy was eventually proved right. The wolf did arrive -- and China is the wolf.

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Note to Obama: Why Green Industrial Policy Works, Why Neoliberalism Doesn’t

by @ Tuesday, December 28th, 2010. Filed under Economy, Green Energy, High Road Economics

Photo; Trina Solar in China

China’s Trina Solar Launches $800 million

Expansion, as US SpectraWatt Sputters

Dec 28, 2010 - Reuters

Days after solar cell maker SpectraWatt notified New York authorities that it will shut down its seven-month-old factory and lay off 117 employees, China’s Trina Solar announced Monday that it will invest $800 million in new manufacturing plants over the next three years.

The move by Trina underscores just how difficult it has become for solar startups in the United States to compete against the massive investment being poured into Chinese photovoltaic module makers.

That’s particularly the case for startups making conventional silicon photovoltaic cells such as SpectraWatt, which was spun out of Intel in 2008 with an initial $50 million investment lead by the chip giant’s venture capital arm, Goldman Sachs and other investors.

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High Road Investing: Google Blazes Trail from Dirty Coal to Green Geothermal

by @ Wednesday, October 6th, 2010. Filed under Economy

Google Strikes Geothermal Gold in West Virginia

 

By Jeff St. John

Oct. 5, 2010 - Has Google struck geothermal gold in West Virginia? A new report shows that heat underground the state could provide 18,890 megawatts of power using today’s geothermal technology — more than the state’s entire power generation capacity of 16,350 megawatts, most of which comes from coal. Google, which has been investing in next-generation clean power technologies, funded the research.

The study from Southern Methodist University used data from thousands of oil, gas and water wells to update the sparse geothermal maps that previously existed for West Virginia. The new information has bumped up the state’s previous geothermal resource estimates by 75 percent, researchers say, making it potentially the largest single site for geothermal power east of the Mississippi. Researchers intend to present the results at the 2010 Geothermal Resources Council annual meeting in Sacramento, Calif. later this month.

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Mondragon Diaries: Five Days Studying Cutting-Edge People and Tools for Change

by @ Sunday, September 19th, 2010. Filed under Economy
 

Mondragon Diaries: Day One

Why Humanity Comes First at Work:

Learning About Bridges to 21st Century Socialism

By Carl Davidson

Keep On Keepin' On

“This is not paradise and we are not angels.”

--Mikal Lezamiz, Director of Cooperative Dissemination, MCC

After a short bus ride through the stone cobbled streets of Arrasate-Mondragon and up the winding roads of this humanly-scaled industrial town of Spain's Basque country in a sunny fall morning, taking in the birch and pine covered mountains, and the higher ones with magnificent stony peaks, I raised an eyebrow at the first part of Mikel's statement.

The area was breath-takingly beautiful, and if it wasn't paradise, it came close enough.

I'm with a group of 25 social activists on a study tour organized by the Praxis Peace Institute. Our focus is the Mondragon Cooperative Corporation, a 50-year-old network of nearly 120 factories and agencies, involving nearly 100,000 workers in one way or another, and centered in the the Basque Country but now spanning the globe. We're here to study the history of these unique worker-owned factories, how they work, why they have been successful, and how they might be expanded in various ways as instruments of social change. Georgia Kelly, the Praxis Peace Institute's Executive Director, is our cheerful and helpful group leader, but Mikel is our MCC host in charge of teaching us what he knows.

The MCC reception center is part way up on a slope of a much larger mountain, but it offers a magnificent view of the town and the dozens of industrial and commercial cooperatives in and around it in the valley below. After watching a short film on the current scope of MCC, we move to a lecture room for Mikel's talk. The signs on the wall say 'Mondragon: Humanity at Work: Finance-Industry-Retail-Knowledge', in Basque, Spanish and English.

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Oil’s Dirty Not-So-Little Secret: Why Electric Cars, Bicycles and High-Speed Rail Are Better and Cheaper

by @ Saturday, August 14th, 2010. Filed under Economy, Environment

Gas Is Really Costing Us About $15 a Gallon

 

Calculating the true cost of

living in a country built on oil

 

By Mark Engler

TomDispatch.com

August 13, 2010  |  

This might be an opportune time to make a disclosure: I am a BP shareholder. Admittedly, I’ve never attended the company’s annual meeting, and if I did, I would have very little weight to throw around.

I own two shares of BP stock. I received my stake in the company as a Christmas gift in 1989, when I was 14 years old. The previous June, I had taken a "summer enrichment" course in the Des Moines public schools, designed as an introduction to the world of business. The teacher gave each of us in the class a modest hypothetical budget to invest in the stock market.

Earnest young capitalists, we made our picks and then followed the quotes in the morning paper. I invested heavily in Amoco and finished the summer feeling that my portfolio had done quite well. As a result, my younger brother decided that I should receive a real piece of the enterprise that was once John D. Rockefeller's Standard Oil. He conspired with my mom to get me an Amoco share for the holidays.

I’ve watched the oil industry as an interested party ever since. In 1998, my Amoco stock split, turning my one share into two. Then, a few months later, the company was acquired by BP. This "oil mega-merger," as the BBC called it, gave me a stake in yet another energy titan. It also allowed the combined corporation to shed 6,000 jobs, prompting its new chief executive, Sir John Browne of BP, to confidently assure the press that "he hoped the merger will increase pre-tax profits of the two partners by 'at least' two billion dollars by the end of 2000."

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US Looks Pitiful Next to China on High-Speed Rail

by @ Tuesday, August 10th, 2010. Filed under Economy

China Developing 600 mph

Airless Maglev High-Speed Train

By Andrew Nusca

Aug. 9, 2010

High-speed rail just got a whole lot faster.

China is reportedly developing a high-speed train that will travel at 1,000 kilometers per hour, or approx. 621 miles per hour, through Maglev lines in airless tubes underground.

Researchers at the National Power Traction Laboratory of Southwest Jiaotong University reportedly toldBeijing-based Legal Evening News that they were working on a prototype “vactrain” with an average speed of 500 to 600 kilometers per hour (approx. 311 to 373 miles per hour.)

The researchers say the technology could be in use within a decade. In the meantime, a smaller model train may be introduced in two or three years, they said.

The technology at the heart of the train is Maglev, short for magnetic levitation, technology. A concept that’s been around for more than 100 years, Maglev tech entails the suspension of a train via powerful magnets to remove the friction present at the rails of conventional trains.

The catch with maglev technology is that there’s still friction from the air rushing past the train as it hurtles down the tracks. To date, the fastest Maglev train managed about 361 miles per hour — not much faster than a conventional high-speed train.

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There’s a Lesson Here: Union Workers, New Skills and a Green Energy Future

by @ Sunday, August 8th, 2010. Filed under Economy, Education, Trade Unions

The Power of One: Tracy Hall

Brings Renewable Energy

to Northwest Indiana


By Andrea Buffa
Apollo News Service 

 

July 22, 2010 - Tracy Hall of Munster, Indiana has been an electrician for 30 years. He is among the thousands of construction trades workers hit by the current recession, who have seen unemployment in the trades rise to almost 25 percent nationally. But Hall hasn’t had time to sit around getting depressed about the state of the economy. Instead, he’s spent the time when work has been scarce developing a new expertise. As the only union worker in Indiana who is certified as a solar photovoltaic installer by the North American Board of Certified Energy Practitioners, and a LEED Accredited Professional by the U.S. Green Building Council, he has become one of Northwest Indiana’s most knowledgeable renewable energy technicians.

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Fast Capital and the City: ‘One Vast Gated Community for the Rich’

by @ Thursday, July 22nd, 2010. Filed under Economy, Environment, Marxism

David Harvey's Urban Manifesto:

Down With Suburbia; Down With

Bloomberg's New York City

 

BY Greg Lindsay

Fast Company, Wed Jul 21, 2010'

via http://solidarityeconomy.net

 

"New York? The whole damn place has been turned into a suburb," sneered David Harvey, startling a roomful of New Yorkers who prided themselves on the same things he derided: the makeover of the city's parks; the new network of bike lanes; the pedestrian malls along Broadway. "The feel of the city is losing its urbanity and being made okay for suburbanites to enjoy Times Square," he continued, going on to condemn New York's gentrification not on aesthetic or nostalgic grounds, but for being at the root of the financial crisis.

Harvey is having a bit of a moment in America, as much as any neo-Marxist economic geographer can. Earlier this month, his lucid explanation of the "econopocalyspe" (accompanied by animated whiteboard doodles) was a modest hit on Boing Boing. Richard Florida borrowed his concept of the "spatial fix"--the idea that capitalism gets bigger and badder every time it's wriggles out of a crisis--for his latest book, The Great Reset. And Harvey's own book-length explanation of the crisis, The Enigma of Capital is set to be published on these shores in September.

On Tuesday night in Manhattan, Harvey made a rare American appearance to discuss "experimental geography" and the role cities and suburbia played in the crisis. Starting from the idea of a "geographic unconscious"--"the way we think of space and time as 'natural' when they're really constructed,"--Harvey blamed suburbia for brainwashing Americans into being good capitalists.

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Cleveland: Linking School Reform with Worker Coops

by @ Monday, July 19th, 2010. Filed under Economy

Cleveland Public School Students

Wow Crowd at Foundation Meeting

 

Margaret Bernstein, The Plain Dealer Margaret Bernstein, The Plain Dealer

john hay grads.jpg

View full sizeMarvin Fong / The Plain Dealer

All the seniors from the Cleveland School of Science and Medicine will attend college.

CLEVELAND, Ohio, June 10 -- Cleveland Foundation leaders enlivened their annual meeting Tuesday at Severance Hall by spotlighting several examples of hope hewn from poverty.

President and Chief Executive Officer Ronald B. Richard said signs of success are sprouting for the 10 "innovation schools" his foundation has helped fund in the Cleveland school district in recent years.

He then wowed the crowd by telling them that 100 percent of seniors at the School of Science and Medicine on the John Hay campus have been accepted to four-year colleges.

The audience of about 600 cheered and some wiped away tears when nine John Hay youths in lab coats trooped on stage to announce, in confident voices, the colleges that accepted them and the scholarship dollars they won.

"Fixing America's failing public school systems is, at present, the single most important mission of our nation, and of our city," Richard said, to enthusiastic applause. "And for the Cleveland Foundation, it's priority No. 1."

He updated attendees on several other foundation projects, including the worker-owned Evergreen Cooperative in University Circle, which has created 38 jobs so far for Cleveland residents, with potential for 500 more.

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In the Barrio: Venezuelan Socialism Meets the Solidarity Economy

by @ Wednesday, July 7th, 2010. Filed under Economy

Venezuela Slum Takes Socialism Beyond Chavez

* Caracas slum a lab for Chavez's socialist project

* Radical groups are key part of president's support

* Opposition sees militants as Chavez's personal army

 

By Esteban Israel

Reuters, July 6, 2010

CARACAS, July 6 (Reuters) - While President Hugo Chavez struggles to revive the battered bolivar, in a hillside slum overlooking his palace, die-hard supporters are talking about getting rid of the Venezuelan currency altogether.

Welcome to the 23 de Enero barrio, home to about 100,000 people and something of a laboratory for Chavez's nationwide socialist experiment. Here you find dogs named "Comrade Mao", and even a "revolutionary car wash."

"We are creating a popular bank and are going to issue a communal currency: little pieces of cardboard," says Salvador Rooselt, a soft-spoken 24-year-old law student and community leader who often quotes Lenin and Marx.

Some 20 militant groups sometimes described as Chavez's "storm troopers" run this urban jungle in western Caracas, where hulking concrete buildings daubed with colorful murals -- one depicting Jesus Christ brandishing an AK-47 rifle -- show off the neighborhood's radical tradition.

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Randy Shannon: The Case for Full Employment

by @ Wednesday, June 9th, 2010. Filed under Economic Democracy, Economy, Labor Movement

It’s Time to Fight

for Full Employment!

The Progressive Path

Out of Our Crisis

A Project of the Labor Committee of CCDS

The Committees of Correspondence for Democracy and Socialism

www.cc-ds.org

 

The Struggle for Full Employment:

A Strategy to Defeat the Neoliberal Assault

on the US Working Class

by Randy Shannon

Treasurer, PA 4th CD Chapter,

Progressive Democrats of America

----------------------------------------------------------------

“In our day these economic truths have become accepted as self-evident. We have accepted, so to speak, a second Bill of Rights under which a new basis of security and prosperity can be established for all—regardless of station, race, or creed.

Among these are:

The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;”

- President Franklin D. Roosevelt: State of the Union Address, January 11, 1944

------------------------------------------------------------------------

“Everyone has the right to work, to free choice of employment, to just and favorable conditions of work and to protection against unemployment.”

- United Nations Universal Declaration of Human Rights, December 10, 1948

I. Introduction

The “Great Recession” that began in 2007 has caused the greatest percent of job losses since the Great Depression of 1929. This crisis is the end of an era of unrestrained ‘neo-liberal’ capitalism that became public policy during the Reagan administration. The crisis marks a new level of instability with the growth of a global financial elite that targeted US workers and our trade unions after World War II.

The election of President Obama reflected the growing struggle of America’s progressive majority to reverse the neo-liberal policy of war and austerity that has undermined the social advances established by the New Deal and the United Nations. It also begins a long period of readjustment for capitalism as it responds to multiple crises, struggles to maintain its system of social control, and seeks a new system of profit accumulation.

Serial Crises

During the seven decades since World War II, US workers have faced ten periods during which the economy lost jobs for over twelve months. Each successive recession in employment lasted longer than the previous downturn.

In the above chart, each line represents an employment crisis since World War II. The vertical axis shows the percent of jobs lost each month and the horizontal axis shows the duration of the crisis in months since the last peak in employment. The right end of each line is the point at which employment returned to its former high.

In the crisis of 1990 the economy lost jobs for two and one half years. Then in the 2001 recession, it was four years before job losses ended. Although these last two downturns were prolonged, and the recoveries were weak, job losses at around 2% were not enough to cause widespread protest.

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