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	Don’t tell us it’s not a Class War by The European / Globe and Mail   Apr 2012 (Reuters)   Nobel Prize-winning U.S. economist Joseph Stiglitz calls on Europe to focus on fostering growth. "I think Europe is headed to a suicide... There has never been any successful austerity program in any large country," the former World Bank economist told a panel discussion in Vienna.   He urged wealthy European countries like Germany to invest more in infrastructure, education and technology, arguing that "the returns on those investments are an order of magnitude greater than the cost of capital".   Insisting on cutting debt and deficits as the way to shore up confidence in euro zone countries - as agreed by the currency bloc"s leaders late last year - could end up having the opposite impact, Stiglitz said.   "What they have agreed to do last December is a recipe to make sure that (the euro zone) dies as we know it," he said, although he imagined a "core euro" shared among a handful of countries with the strongest economies could survive.   "I hope...the debate will be what are the things we can do to promote growth rather than how do we strangle each other together."   Joseph Stiglitz in an interview with The European Magazine said:   When you look at America, you have to concede that we have failed. Most Americans today are worse off than they were fifteen years ago. A full-time worker in the US is worse off today than he or she was 44 years ago. That is astounding – half a century of stagnation. The economic system is not delivering. It does not matter whether a few people at the top benefitted tremendously – when the majority of citizens are not better off, the economic system is not working..   "The economic system is not delivering. It does not matter whether a few people at the top benefitted tremendously – when the majority of citizens are not better off, the economic system is not working.   "The countries that are doing very well in Europe are the Scandinavian countries. Denmark is different from Sweden, Sweden is different from Norway – but they all have strong social protection and they are all growing. The argument that the response to the current crisis has to be a lessening of social protection is really an argument by the 1% to say: “We have to grab a bigger share of the pie.”   But if the majority of people don’t benefit from the economic pie, the system is a failure. I don’t want to talk about GDP anymore, I want to talk about what is happening to most citizens.   Yes, the Occupy movement has been successful in bringing those ideas to the forefront of political discussion. I wrote an article for Vanity Fair in 2011 – “Of the 1%, by the 1%, for the 1%” – that really resonated with a lot of people because it spoke to our worries. Protests like the ones at Occupy Wall Street are only successful when they pick up on these shared concerns. There was one newspaper article that described the rough police tactics in Oakland. They interviewed many people, including police officers, who said: “I agree with the protesters.”   Let me put it this way: Some people criticize by saying that we have become too focused on inequality and are not concerned enough about opportunity. But in the United States, we are also the country with the biggest inequality of opportunity. Most Americans understand that fraud political processes play in fraud outcomes. But we don’t know how to break into that system.   Our Supreme Court was appointed by moneyed interests and – not surprisingly – concluded that moneyed interests had unrestricted influence on politics. In the short run, we are exacerbating the influence of money, with negative consequences for the economy and for society.   * Visit the link below to access the complete interview.   February 2012   Don’t tell us it’s not a Class War, by Gerald Caplan. (The Globe and Mail/Canada)   The entire world seems to be one huge advertisement for The Shock Doctrine. Naomi Klein showed in her revelatory book how the corporate and political conservative movement, with the assistance of favorable corporate media coverage exploits crises to further impose their harsh neo-libertarian right-wing agenda – even when they themselves created the crisis.   In a sane world, the economic meltdown and deep recession of the past four years would have led at minimum to stringent regulation of financiers and speculators plus programs to assist their victims.   In reality, everything that’s happened in the past several years has gone to further empower and enrich the 1 per cent (or the top 5 per cent) at the expense of the rest of us. Look anywhere you want. What else does the universal demand for austerity programs mean? What else does the sudden concerted attack on public sector workers mean? What else does the intransigent line taken by multinational corporations against unions mean? What else does the demand for “right-to-work” laws mean? What else does the widespread attack on seniors’ pensions mean?   As a Greek journalist wrote matter-of-factly in The New York Times, the latest bailout program imposed by the IMF, the European Union and the European Central Bank “almost guarantees recession.” And this will be on top of the punishment that had already been inflicted on the 99 per cent, including deep cuts to private-sector wages, layoffs in the civil service and significant reductions in health and social security.   Throughout, economists like Joseph Stiglitz and Paul Krugman, whose forecasts have repeatedly been borne out, assured the few who would listen this was a guaranteed recipe for exacerbating Greece’s economic woes. It meant, after all, instead of growth, a guaranteed contraction of the economy. Which is exactly what happened. But apparently these critics, while correct about the consequences of enforced austerity, were wrong about the proper solution. The punishment, it seems, had not been crushing enough. Now a new and improved package of pain will be inflicted, a condition for the country receiving bailout funds at sky-high borrowing costs. For the vast majority of them, it’s a Greek tragedy.   At least 21 per cent of Greeks are unemployed. Yet the thumbscrews are to be tightened once again: more austerity, more spending cuts, eliminating another 20 per cent of all government jobs and slashing the minimum wage by another 22 per cent. All this, in a country in its fifth year of recession.   Spain is not far behind, collapsing under the same burden of salvation. The economy’s contracting, unemployment has soared; 350,000 newly out of work, giving a jobless rate of 22.8 per cent, including almost half of all young Spaniards. These are staggering figures. In Britain too, David Cameron’s punishing economic strategy had led to a shrinking economy and economic recession.” Visit the related web page
	Why I must speak out about climate change by Professor James Hansen Ted Talks USA   May 2012   The science of the situation is clear — it’s time for the politics to follow, by James Hansen. (New York Times)   Global warming isn’t a prediction. It is happening. That is why I was so troubled to read a recent interview with President Obama in Rolling Stone in which he said that Canada would exploit the oil in its vast tar sands reserves “regardless of what we do.”   If Canada proceeds, and we do nothing, it will be game over for the climate. Canada’s tar sands, deposits of sand saturated with bitumen, contain twice the amount of carbon dioxide emitted by global oil use in our entire history. If we were to fully exploit this new oil source, and continue to burn our conventional oil, gas and coal supplies, concentrations of carbon dioxide in the atmosphere eventually would reach levels higher than in the Pliocene era, more than 2.5 million years ago, when sea level was at least 50 feet higher than it is now.   That level of heat-trapping gases would assure that the disintegration of the ice sheets would accelerate out of control. Sea levels would rise and destroy coastal cities. Global temperatures would become intolerable. Twenty to 50 percent of the planet’s species would be driven to extinction. Civilization would be at risk.   That is the long-term outlook. But near-term, things will be bad enough. Over the next several decades, the Western United States and the semi-arid region from North Dakota to Texas will develop semi-permanent drought, with rain, when it does come, occurring in extreme events with heavy flooding. Economic losses would be incalculable. More and more of the Midwest would be a dust bowl. California’s Central Valley could no longer be irrigated. Food prices would rise to unprecedented levels.   If this sounds apocalyptic, it is. This is why we need to reduce emissions dramatically. President Obama has the power not only to deny tar sands oil additional access to Gulf Coast refining, which Canada desires in part for export markets, but also to encourage economic incentives to leave tar sands and other dirty fuels in the ground.   The global warming signal is now louder than the noise of random weather, as I predicted would happen by now in the journal Science in 1981. Extremely hot summers have increased noticeably. We can say with high confidence that the recent heat waves in Texas and Russia, and the one in Europe in 2003, which killed tens of thousands, were not natural events — they were caused by human-induced climate change.   We have known since the 1800s that carbon dioxide traps heat in the atmosphere. The right amount keeps the climate conducive to human life. But add too much, as we are doing now, and temperatures will inevitably rise too high. This is not the result of natural variability, as some argue. The earth is currently in the part of its long-term orbit cycle where temperatures would normally be cooling. But they are rising — and it’s because we are forcing them higher with fossil fuel emissions.   The concentration of carbon dioxide in the atmosphere has risen from 280 parts per million to 393 p.p.m. over the last 150 years. The tar sands contain enough carbon — 240 gigatons — to add 120 p.p.m. Tar shale, a close cousin of tar sands found mainly in the United States, contains at least an additional 300 gigatons of carbon. If we turn to these dirtiest of fuels, instead of finding ways to phase out our addiction to fossil fuels, there is no hope of keeping carbon concentrations below 500 p.p.m. — a level that would, as earth’s history shows, leave our children a climate system that is out of their control.   We need to start reducing emissions significantly, not create new ways to increase them. We should impose a gradually rising carbon fee, collected from fossil fuel companies, then distribute 100 percent of the collections to all Americans on a per-capita basis every month. The government would not get a penny. This market-based approach would stimulate innovation, jobs and economic growth, avoid enlarging government or having it pick winners or losers.   Most Americans, except the heaviest energy users, would get more back than they paid in increased prices. Not only that, the reduction in oil use resulting from the carbon price would be nearly six times as great as the oil supply from the proposed pipeline from Canada, rendering the pipeline superfluous, according to economic models driven by a slowly rising carbon price.   But instead of placing a rising fee on carbon emissions to make fossil fuels pay their true costs, leveling the energy playing field, the world’s governments are forcing the public to subsidize fossil fuels with hundreds of billions of dollars per year. This encourages a frantic stampede to extract every fossil fuel through mountaintop removal, longwall mining, hydraulic fracturing, tar sands and tar shale extraction, and deep ocean and Arctic drilling.   President Obama speaks of a “planet in peril,” but he does not provide the leadership needed to change the world’s course. Our leaders must speak candidly to the public — which yearns for open, honest discussion — explaining that our continued technological leadership and economic well-being demand a reasoned change of our energy course. History has shown that the American public can rise to the challenge, but leadership is essential.   The science of the situation is clear — it’s time for the politics to follow. This is a plan that can unify conservatives and liberals, environmentalists and business. Every major national science academy in the world has reported that global warming is real, caused mostly by humans, and requires urgent action. The cost of acting goes far higher the longer we wait — we can’t wait any longer to avoid the worst and be judged immoral by coming generations. http://www.columbia.edu/~jeh1/   Feb 2012 ( Ted Talks)   Top climate scientist James Hansen tells the story of his involvement in the science of and debate over global climate change. In doing so he outlines the overwhelming evidence that change is happening and why that makes him deeply worried about the future.   James Hansen is Adjunct Professor of Earth and Environmental Sciences at Columbia University’s Earth Institute. Professor Hansen is known for his testimony on climate change to congressional committees in the 1980s that helped raise broad awareness of the global warming issue.   Professor Hansen is recognized for identifying ineffectual policies as greenwash, and for outlining the actions that the public must take to protect the future of young people and the other species on the planet. Visit the related web page
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