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    <title>Pinboard (Taryn)</title>
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    <description>recent bookmarks from Taryn</description>
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    <title>New study on how governments can fund radical ecological and social policies without GDP growth</title>
    <dc:date>2023-09-27T12:16:29+00:00</dc:date>
    <link>https://phys.org/news/2023-09-fund-radical-ecological-social-policies.html</link>
    <dc:creator>Taryn</dc:creator><description><![CDATA[It is widely believed that governments can only increase spending if they first grow GDP to increase tax revenue, otherwise they risk inflation or "unsustainable" levels of public debt. This presents a problem, because GDP growth works against ecological objectives. Indeed, a majority of climate scientists is now calling for "degrowth"—a democratically planned, equitable reduction of less necessary forms of production—in high-income countries in order to enable faster decarbonization. Key degrowth measures include the expansion of universal public services and a job guarantee in sustainable sectors.

Degrowth presents governments with the question of how to finance the necessary ecological and social measures during this process of transformation—a question that Olk and his fellow research team members want to answer. They argue that public investment can be increased without GDP growth and that the process of degrowth simultaneously dismantles destructive, less necessary industries and prevents inflation. 

The article draws on Modern Monetary Theory (MMT) to explain why states with monetary sovereignty are not subject to financial constraints. "Contrary to what conservative economists claim, public spending is not actually constrained by tax revenues, but by the productive capacity of the economy," explains Olk [...]

monetary and fiscal policies to prevent inflation and ensure economic stability during a degrowth transition. These include: stronger regulation of private money creation by banks; progressive taxation of capital income, as well as of energy and resource consumption; targeted price controls; robust public utility systems; and the introduction of an emancipatory, democratically organized job guarantee in sustainable sectors. This holistic policy framework has the potential to build broad democratic support for a transition to a more sustainable future [...]

degrowth requires above all a politically well-organized social base. Concerns about financial feasibility, inflation, and living standards often lead to widespread skepticism about the possibility of a radical social and ecological transformation.

In this study, the authors address these concerns, demonstrating how such a transition is macroeconomically feasible, and propose a practical economic policy program that allows for ecological and social goals to be achieved at the same time. ]]></description>
<dc:subject>climate economy model wealth .remake money woo theory taxes government power politics infrastructure .research consumer</dc:subject>
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<item rdf:about="https://twitter.com/glorialnolan/status/1628376062231969792#m">
    <title>glorialnolan: millionaires, billionaires, and foundations investing heavily in dismantling and defunding education</title>
    <dc:date>2023-02-25T14:05:09+00:00</dc:date>
    <link>https://twitter.com/glorialnolan/status/1628376062231969792#m</link>
    <dc:creator>Taryn</dc:creator><dc:subject>philanthropy corruption power wealth public education education_reform .thread .from-twitter</dc:subject>
<dc:identifier>https://pinboard.in/u:Taryn/b:1bcb13e49252/</dc:identifier>
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<item rdf:about="https://www.theatlantic.com/magazine/archive/2019/07/education-isnt-enough/590611/">
    <title>Better Public Schools Won’t Fix Income Inequality - The Atlantic</title>
    <dc:date>2023-02-11T21:35:49+00:00</dc:date>
    <link>https://www.theatlantic.com/magazine/archive/2019/07/education-isnt-enough/590611/</link>
    <dc:creator>Taryn</dc:creator><description><![CDATA[We have confused a symptom—educational inequality—with the underlying disease: economic inequality. Schooling may boost the prospects of individual workers, but it doesn’t change the core problem, which is that the bottom 90 percent is divvying up a shrinking share of the national wealth. Fixing that problem will require wealthy people to not merely give more, but take less.]]></description>
<dc:subject>inequity wealth US schools education_reform solutionism .opinion</dc:subject>
<dc:identifier>https://pinboard.in/u:Taryn/b:673fbf898cf8/</dc:identifier>
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<item rdf:about="http://www.metacurrency.org/blog/2016/03/02/enslavement-currency">
    <title>Enslavement to Currency (Eric Harris-Braun)</title>
    <dc:date>2016-03-08T19:54:09+00:00</dc:date>
    <link>http://www.metacurrency.org/blog/2016/03/02/enslavement-currency</link>
    <dc:creator>Taryn</dc:creator><description><![CDATA[provide a "language" (or what we call an "expressive capacity") in which a community can, on an ongoing basis, express what it values and manifest that in a constellation of formal information token systems such that it can actually build, shape the flows that comprise that community such that it actually has the necessary richness in feedback to realize those values [...]

a formal information system that allows a group to see, measure and shape currents, or flows [...]

technological platform that is fundamentally (as a matter of fact, not fiat) not subject to enclosure of the commons by a central party, and thus moves us away from the current oppositional dynamic between the individual and the group.  This allows us to build towards what we call a Sovereign Accountable Commons]]></description>
<dc:subject>currencies flows wealth DAO group_as_organism decentralize internet .hwhvg .hello-world .holo holo might_be_vaporware .make_public</dc:subject>
<dc:identifier>https://pinboard.in/u:Taryn/b:149e837c5f68/</dc:identifier>
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<item rdf:about="http://www.nytimes.com/2015/03/29/nyregion/exposing-hedge-fund-politics.html">
    <title>Exposing Hedge Fund Politics in New York (couple w/ budget protest in Albany)</title>
    <dc:date>2015-03-30T03:37:23+00:00</dc:date>
    <link>http://www.nytimes.com/2015/03/29/nyregion/exposing-hedge-fund-politics.html</link>
    <dc:creator>Taryn</dc:creator><description><![CDATA[Mr. Jones’s educational agenda, built on the premise that the extravagantly rich know better how to teach reading, and to his support of Republican candidates and causes in the New York State Legislature that disadvantage the poor and working class.

It is this kind of political spending, a total of $1.6 million over the past 12 years, they maintain, that undermines his philanthropic efforts through the Robin Hood Foundation, the poverty-fighting charity he created. To civilians, of course, Mr. Jones can seem like someone needing remedial work in cause and effect, a billionaire whose industry thrives on extracting economic value rather than producing it, and yet is comfortable speaking on the corrosive impact of inequality.]]></description>
<dc:subject>charter_schools wealth power politics corruption education_reform new_york philanthropy nyc .hwhvg</dc:subject>
<dc:identifier>https://pinboard.in/u:Taryn/b:d50257855b1c/</dc:identifier>
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<item rdf:about="http://www.thenation.com/article/201881/9-billionaires-are-about-remake-new-yorks-public-schools-heres-their-story">
    <title>9 Billionaires Are About to Remake New York’s Public Schools</title>
    <dc:date>2015-03-30T03:37:19+00:00</dc:date>
    <link>http://www.thenation.com/article/201881/9-billionaires-are-about-remake-new-yorks-public-schools-heres-their-story</link>
    <dc:creator>Taryn</dc:creator><description><![CDATA[through savvy investments in lavish protests, hedge-fund managers have paid for a full-blown social movement, thus conferring legitimacy on proposals that stand to benefit hedge-fund managers much more than New York state’s chronically underfunded public school system [...]

Why the New York hedge fund community has rallied around the issue of education reform, specifically in support of charter schools and against teacher tenure, is more complicated. Their policy prescriptions—basing 50 percent of teacher evaluations on student test scores, for instance—are not in any way grounded in mainstream education research [...]

[Julian Vazquez Heilig:] “We know 70 percent of teachers will bounce between high performing and low performing from year to year. So this is creating an impossible high stakes testing gauntlet between a young excited teacher and their path to quality, veteran expertise. If you’re looking for a cheap churn-and-burn teaching force, this is your policy, but if you want experienced, qualified teachers, committed to a schools’ long-term success, this is a disaster.”

From a purely business standpoint, however, such cost-effective education reform proposals do make sense for the hedge-fund community, especially given the alternative education reform option: the legally required equitable funding of New York public schools, as mandated by the state’s highest court in 2007. Low-income New York school districts haven’t received their legally mandated funding since 2009 and the state owes its schools a whopping $5.9 billion, according to a recent study by the labor-backed group Alliance for Quality Education. Yet somehow in this prolonged period of economic necessity, billionaire hedge-fund managers continue to enjoy lower tax rates than the bottom 20 percent of taxpayer [...]

As hedge-fund billionaire Paul Tudor Jones II claimed, contrary to decades of empirical evidence, “We proved with the charter school that the achievement gap was a myth, that with the right schools, kids from the poorest neighborhoods could do every bit as well as kids from the richest ones.”

To “make up for” pervasive inequality, in lieu of correcting it, hedge-fund billionaires like Daniel Loeb of Success Academy and Larry Robbins of KIPP have promoted charter schools that envelop students in hyper-disciplined and surveilled school environments in which their every decision, down to their most minute physical movement, can be measured, assessed and addressed. This “no excuses” pedagogical approach signals to students that the only barrier to their success is their character [...]

one man’s [Governor Andrew Cuomo's] ambition and a few other men’s power overrode the decades-long demands of millions of New Yorkers for fully funded public schools. But what does such a profoundly anti-democratic approach mean for the state’s public school system?]]></description>
<dc:subject>charter_schools wealth power politics corruption education_reform new_york philanthropy nyc .hwhvg</dc:subject>
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<item rdf:about="https://twitter.com/munilass/status/472479373606780928">
    <title>Twitter / munilass</title>
    <dc:date>2014-07-12T20:42:33+00:00</dc:date>
    <link>https://twitter.com/munilass/status/472479373606780928</link>
    <dc:creator>Taryn</dc:creator><description><![CDATA[Less interested in the players and their good intentions than the question of whether a donor like Zuckerberg gets to decide policy.]]></description>
<dc:subject>education_reform facebook wealth power philanthropy .thread .from-twitter</dc:subject>
<dc:identifier>https://pinboard.in/u:Taryn/b:3aaf40b37be4/</dc:identifier>
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<item rdf:about="http://www.dissentmagazine.org/article/plutocrats-at-work-how-big-philanthropy-undermines-democracy">
    <title>Plutocrats at Work: How Big Philanthropy Undermines Democracy (Joanne Barkan)</title>
    <dc:date>2013-10-08T01:37:21+00:00</dc:date>
    <link>http://www.dissentmagazine.org/article/plutocrats-at-work-how-big-philanthropy-undermines-democracy</link>
    <dc:creator>Taryn</dc:creator><description><![CDATA[Today many donors and program officers have preconceived notions about social problems and solutions. They fund researchers who are likely to design studies that will support their ideas. Instead of reviewing proposals from outside the foundation, they hire existing nonprofits or set up new ones to implement projects they’ve designed themselves. The mode of operation is top-down; grantees serve their funders. Mega-foundations also devote substantial resources to advocacy—selling their ideas to the media, to government at every level, and to the public. They also directly fund journalism and media programming in their fields of interest. All this marks a cultural transformation of big philanthropy.

[...] In a free society, the super-rich can spend their money in any legal way they want, including endowing huge organizations to try out pet theories and promote personal projects. But those organizations shouldn’t be tax exempt. The super-rich don’t need billions of dollars in tax relief annually to exert their will in the public sphere. They can, and most will, engage in the same activities without the government handout. Although redistributing power more fairly throughout society will require campaign finance reform and rigorous progressive taxation, there’s no reason to continue to subsidize big philanthropy.]]></description>
<dc:subject>wealth power charter_schools education_reform democracy activism taxes solutionism</dc:subject>
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<item rdf:about="http://www.salon.com/2013/03/11/getting_rich_off_of_schoolchildren/">
    <title>Getting rich off of schoolchildren (Sirota)</title>
    <dc:date>2013-03-21T04:10:32+00:00</dc:date>
    <link>http://www.salon.com/2013/03/11/getting_rich_off_of_schoolchildren/</link>
    <dc:creator>Taryn</dc:creator><description><![CDATA[“the education sector now represents nearly 9 percent of the country’s gross domestic product” while the “for-profit education is valued at $1.3 trillion, and is one of the largest U.S. investment markets.” Likewise, NPR reports that as he’s launched an education technology division, Rupert Murdoch “has described education as a market worth hundreds of billions of dollars.” 

Give “reformers” credit; they have successfully hidden a venal investment strategy in the veneer of idealistic political activism. Appropriating the poll-tested argot of change and mass movement, the Wall Streeters and tech moguls who finance the “reform” efforts have somehow convinced the political press to ignore one of the most powerful motivators of human action: the almighty dollar.]]></description>
<dc:subject>criticism wealth power education_reform .opinion</dc:subject>
<dc:identifier>https://pinboard.in/u:Taryn/b:f572ff8d029e/</dc:identifier>
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