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Does Capitalism Have a Future?

Does Capitalism Have a Future?

By Ray Williams July 20, 2020 Introduction   Capitalism is facing at least three major crises. A pandemic-induced health crisis has rapidly ignited an economic crisis with yet unknown consequences for financial stability, and all of this is playing out against...
Why GDP is Not a Good Measure of Progress

Why GDP is Not a Good Measure of Progress

By Ray Williams June 26, 2020   GDP is a poor measure of progress. We need a ‘quality adjusted’ GDP linked to transactions which recognize how much social and natural capital they are building. What GDP is and What it Isn’t   The OECD defines GDP as...
Is it Time for a Universal Basic Income?

Is it Time for a Universal Basic Income?

By Ray Williams June 11, 2020   In 1967, Martin Luther King, Jr. wrote, “I am now convinced that the simplest approach will prove to be the most effective – the solution to poverty is to abolish it directly by a now widely discussed measure: the...