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News

Money, Capitalism, and the Slow Death of Social Democracy

“Many who call themselves social democrats do exactly the opposite of their forebears: they sermonise the advantages of private enterprise, preach the importance of lowering taxes and getting markets working again so that GDP flourishes and state budgets can return to surplus for the sake of AAA credit ratings and the trickle-down enrichment of citizens.” This piece ends by envisioning a new economic system: “when people fight for just causes, the battles and wars they lose sometimes inspire others to carry on their fight, this time with new and improved means, under an entirely different name, in much-changed circumstances.”

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Matthew Wisner
The Polluter Elite Database

The polluter elite are extremely rich individuals whose net worth, luxury lifestyle and political influence all rest on wealth that is derived from investments in polluting activities e.g. fossil fuels. As decision makers they approve lobbying of governments (funding lobbyists and direct donations to political parties) to block the transition away from fossil fuels.

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Matthew Wisner
Poor People's Moral Budget: Everybody has the right to live

In April 2018, the Poor People’s Campaign: A National Call for Moral Revival released a Moral Agenda and Declaration of Fundamental Rights. The demands contained within that document present a comprehensive response to the systemic racism, poverty, ecological devastation, militarism, and war economy plaguing our country today. For the 140 million people who are poor, or one emergency away from being poor, we know these demands are necessary. This Poor People’s Moral Budget asks, given the resources of our society, whether these demands are also possible. Our answer is a resounding yes.

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Matthew Wisner
From The Old Way to The New Way: How a Wellbeing Economy Will Respond to Issues Differently

The current economic system (the “old way”) responds to the common needs of humanity and the planet in ways that do not address the heart of problems and do not make life better for all. In a wellbeing economy (the “new way”), responses would be person-centred, positive and long-term. The exciting thing is–the new way is already emerging, with inspiring examples around the world showing us the way.

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Matthew Wisner
New Zealand’s wellbeing budget

“We need to address the societal well-being of our nation, not just the economic well-being,” Jacinda Ardern told the World Economic Forum earlier this year. New Zealand’s prime minister said that to meet people’s real needs, politics would need to operate through a lens of “kindness, empathy and well-being.”

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Matthew Wisner
How Not to Measure Inequality

How we conventionally think about and measure inequality is misleading. Relative metrics are inappropriate when evaluating widespread wellbeing, and we should transition toward evaluating inequality on the basis of absolute metrics. When discussing inequality, most people think economists are talking about absolute inequality, but in reality they almost exclusively talk about relative inequality.

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Matthew Wisner