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Capitalism in Crisis? Charlie Rose interviews with David Harvey and Richard Wolff

Via Charlie Rose

Events · Human-ities · Public Space · Social/Politics

Fix-It-Yourself: The Art of Creating Revolutionary Economic Models

Inventing alternative forms of exchange for a fair economy is one of the most crucial creative challenges of our time. The current global economic models and monetary policy are intimating the collapse of the system itself, prompting a new understanding of the philosophical underpinnings of economic theory. The artists on the panel present distinct solutions to alter the way society shares wealth, exchanging resources, goods, and skills through visionary means of trade. In so doing, they propose revolutionary projects for social justice, countering the logic of profit and willful exploitation of instability and inequality.

The panel addresses the deep rooted problems with the conventions and tools of international finance such as the Special Purpose Vehicles, High-Frequency Trading, and even the Bretton Woods system, which has influenced the daily reality of the global population. The artists reject such nonsensical rules and strive to fix the system with new strategies of innovation and subversion, beyond the notions of debt, capital, and even money.

The panelists share their visions by discussing new local and digital currencies, barter schemes, fair finance instruments, and timeshare groups they have been involved in creating. An open debate with the audience follows the presentations. In this lively event, the audience gets involved in brainstorming, imagining, and finding solutions for a large-scale implementation of the models proposed by the artists.

Speakers include Paolo Cirio, Mary Jeys, Jessie Reilly, Gregory Sholette, and Caroline Woolard.

Saturday, June 16, 2012 2 PM
The Kitchen, 512 W 19th Street

Text and Image via Whitney. +++ Info Continue HERE


Money is in the Eye of the Beholder

A recent thread on the urban parenting site asked a simple pair of questions: What is your household income, and how rich do you feel? The resulting contradictions of income and perceived wealth drew widespread remark—and some scorn. One commenter, from New York City’s Upper East Side, makes $350,000 per year and feels “so, so, so poor.” Another earns $1.2 million and feels upper-middle class, while a third, with an income in the $180,000 range in the D.C. suburbs, feels rich.

How is this all possible? Everyone knows the old platitude “beauty is in the eye of the beholder.” A recent psychological study indicates that wealth is just the same. A new paper, published in the January issue of Psychological Science by Princeton researcher Abigail Sussman, demonstrates that total net worth is not the only thing that influences perceptions of wealth, whether for ourselves or others.

Photo courtesy of flickr user AMagill. Posted by Joseph Stromberg at the Smithsonian. Continue HERE