Biden’s Energy Crisis

The ongoing world energy crisis… seems to have proven for once and all that energy independence is a matter of national security.

To transition to renewable energy, America would have to transform its energy infrastructure and invest heavily in wind turbines, solar panels and electric cars, all of which require rare earth materials as central components. A single industrial-size wind turbine, for instance, requires about one ton of four different kinds of rare earth materials.

The World’s First Energy Crisis

A Conversation With Jason Bordoff and Meghan O’Sullivan

The global energy market is in a state of upheaval. The war in Ukraine and the resulting sanctions against Russian oil and gas have forced the West, especially Europe, to quickly find new energy sources to keep the lights on and the cars running this summer. In the United States, rising gas prices are pushing President Joe Biden to make a controversial trip to Saudi Arabia to encourage the oil-rich state to increase production. This scramble for quick-fix energy solutions comes as the world is trying to kick its addiction to fossil fuels and reduce the effects of climate change. How will these short-term needs affect the urgent but longer-term transition to clean energy? And could today’s energy market turbulence be a harbinger of challenges to come as the global energy system is remade?

The Anatomy of Inflation

The focus of the US media and economists for the past several months has been increasingly on inflation. In recent weeks, however, US policymakers awoke as well to the realization that inflation is chronic, firmly embedded, and growing threat to the immediate future of the US economy.

After Petro’s Win, Colombia Teeters Between Hope and Fear

When Colombians went to the polls Sunday to choose a new president, both choices on the ballot meant change and more than a little uncertainty about the future. It’s no surprise, then, that now that the results are in, Colombia finds itself on edge, teetering between high expectations and high anxiety.

The Fed’s Austerity Program To Reduce Wages

The Federal Reserve Board’s ostensible policy aim is to manage the money supply and bank credit in a way that maintains price stability. That usually means fighting inflation, which is blamed entirely on “too much employment,” euphemized as “too much money.”[1] In Congress’s more progressive days, the Fed was charged with a second objective: to promote full employment. The problem is that full employment is supposed to be inflationary – and the way to fight inflation is to reduce employment, which is viewed simplistically as being determined by the supply of credit.

Neoliberals Don’t Like Free Markets, But They Want You To Think They Do

It was very frustrating to read Noam Scheiber’s profile of Jaz Brisack, the person who led the first successful union organizing drive at a Starbucks. Brisack does sound like a very impressive person and it is good to see her getting the attention her efforts warrant. However, Scheiber ruins the story by repeatedly telling readers that the neoliberals, who have dominated political debate in recent decades, want a free market. Nothing could be further from the truth.

Who Is A Primary Winner In Emerging Food Crisis?

Since the outbreak of the Ukraine war, international grains prices, especially wheat, corn and sunflower, have soared. The circumstance has abruptly aggravated the already serious shortage of grains due to frequent droughts and other adverse climatic variations, now developing into a global food crisis. According to the U.N. World Food Program, 49 million people in the developing world are falling into peril of famine, manifested by riots and protestations in Sri Lanka, Indonesia, Pakistan, Peru, and by destabilizing dynamics in the Sahel, Burkina Faso, Mali, and Chad, among others[2].

Water Infrastructure as Commons

Vision & History

Some People got hopes and dreams
Some People got ways and means

– Bob Marley and the Wailers, “Survival”

We have to recognize the fundamental social realities behind our most pressing crises, in order to have any hope of ever facing and dealing with them. Summer 2020 saw a righteous global awakening against structural racial injustice and death. Summer 2021 as well as 2022 terrifying onslaught of floods, drought and killing heat, adding up to an awakening to the imminent disasters – not mere “risks” – of climate catastrophe. As the late, great John Trudell[i]taught us, sometimes it’s in our interests to deal with the things that are in front of us. Yes, let’s. First some new language for new challenges.