Economic Justice

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25 Images of Markets “Regulating Themselves”

 

“When economists talk about how a market “regulates itself,” what they mean is that markets reach an equilibrium between supply and demand.

 

This says nothing about whether or not this equilibrium will be a good thing for society. It simply states that if consumers choose what to buy and producers choose what to sell and how to produce it, the market settles on a product distribution and prices.

 

Lately, many people I know have argued that “free markets” mean something more. They see markets as ethically right or ethically moral, meaning pursuit of profit always somehow leads to a greater good.

 

Unfortunately, morality isn’t built into markets.”
See on www.dailykos.com

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MLK’s Dream Of Economic Equality Is Still Far From Realized

Some of Dr. Martin Luther King Jr.’s dreams have certainly come true. But when it comes to closing the economic gap between black and white Americans, we’ve got a long way to go.

See on www.huffingtonpost.com

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Exporting the American Dream: Thoughts on “Free” Trade Agreements

 

“NAFTA, like most free trade agreements, is nothing remotely close to free. This policy singlehandedly destroyed the rural economy in Mexico and the lives of millions of regular working people.”

 
See on www.racefiles.com

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World Bank reforms aim to cut extreme poverty in half by 2020 | ONE.org

“Over the weekend, the Development Committee – a ministerial-level forum of the World Bank Group (WBG) and the International Monetary Fund (IMF) – unanimously endorsed a new reform strategy to align the staff, finances and priorities of the WBG to meet the twin goals of ending extreme poverty by 2030 and boosting shared prosperity for the bottom 40 percent of the population in developing countries. The new strategy will go into effect on July 1, 2014.”
See on worldhumanrights.wordpress.com

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Totally Biased: Kamau Talks to Laverne Cox

“Tonight, Kamau is joined by “Orange is the New Black” star Laverne Cox to discuss her inspiring work as an actress and activist. Laverne also gives tips to fans who approach her on the streets, and discovers a few things she and Kamau have in common.”

 

Community Village‘s insight:

 

#TransgenderRights

See on www.youtube.com

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Before He Was Assassinated, MLK Had A Radical Idea

Just months before he was assassinated, Martin Luther King Jr. was organizing support for the “Poor People’s Campaign,” aimed at supplementing the Civil Rights Act of 1964 with a full measure of economic and human rights for America’s poor.

 

Watch MLK unfurl some important history at 1:22 and take a minute to sit back and wonder what might have happened if he’d been successful.

 

Community Village‘s insight:

The U.S. government not only gave extra benefits to European-Americans, but continues to give extra benefits to corporations, while U.S. parents and U.S. schools struggle to provide a competitive education to our children.

See on www.upworthy.com