Connect with us

Ethicalmarkets

Save the Date: Sixty Minutes with Hazel Henderson and Green Bank Founder Ken LaRoe

Published

on

VIEW AS A WEBPAGE

Steering Societies Beyond GDP to the SDGs

Sixty Minutes with Hazel Henderson and Green Bank Founder Ken LaRoe

Wednesday, February 24, 2021

1:15 PM – 2:15 PM EST

Register if you can’t make it and get the recording link.

The next webinar in the SSF series, Steering Society Beyond GDP to the SDGs, with ecological economist and futurist Hazel Henderson will feature green bank executive Ken LaRoe. In 2009, Ken founded First Green Bank, the first bank of its kind to promote positive environmental and social responsibility while operating as a traditional community bank.

Now Ken is launching Climate First Bank, starting in St. Petersburg, as a full-service community bank on a mission to positively impact the triple bottom line: people, planet, and prosperity, introducing Values-Based Banking to an unserved community. Join us to learn how Ken’s efforts are steering society to SDGs.

I hope you’ll join this course.

Edward Saltzberg, PhD

Director of Professional Education, GWU’s Environmental and Energy Management Institute and

Managing Director

Security and Sustainability Forum

Register if you can’t make it and get the recording link.

Source: https://www.ethicalmarkets.com/63992-2/

Ethicalmarkets

Facebook’s ethical failures are not accidental; they are part of the business model

Published

on

“Ethical Markets highly recommends this critique of Facebook’s business model, much in line with our own “Steering Social Media Toward Sanity“ and unpacking the “polarization” Facebook causes, compared with Frances Moore Lappe’s the ten basic issues which 70-80% of Americans agree on!! Must reading!

~Hazel Henderson, Editor“

By Dave Lauer

Facebook’s stated mission is “to give people the power to build community and bring the world closer together.” But a deeper look at their business model suggests that it is far more profitable to drive us apart. By creating “filter bubbles”—social media algorithms designed to increase engagement and, consequently, create echo chambers where the most inflammatory content achieves the greatest visibility—Facebook profits from the proliferation of extremism, bullying, hate speech, disinformation, conspiracy theory, and rhetorical violence. Facebook’s problem is not a technology problem. It is a business model problem. This is why solutions based in technology have failed to stem the tide of problematic content. If Facebook employed a business model focused on efficiently providing accurate information and diverse views, rather than addicting users to highly engaging content within an echo chamber, the algorithmic outcomes would be very different.

Facebook’s failure to check political extremism, [15] willful disinformation, [39] and conspiracy theory [43] has been well-publicized, especially as these unseemly elements have penetrated mainstream politics and manifested as deadly, real-world violence. So it naturally raised more than a few eyebrows when Facebook’s Chief AI Scientist Yann LeCun tweeted his concern [32] over the role of right-wing personalities in downplaying the severity of the COVID-19 pandemic. Critics were quick to point out [facebook [Tweet]. Twitter. (2021). https://twitter.com/dlauer/status/1363923475040251905 ” href=”https://link.springer.com/article/10.1007/s43681-021-00068-x#ref-CR29″ data-track=”click” data-track-action=”reference anchor” data-track-label=”link” data-test=”citation-ref” aria-label=”Reference 29″>29] that Facebook has profited handsomely from exactly this brand of disinformation. Consistent with Facebook’s recent history on such matters, LeCun was both defiant and unconvincing.

In response to a frenzy of hostile tweets, LeCun made the following four claims:

[READ MORE]

Facebook’s failure to check political extremism, [15] willful disinformation, [39] and conspiracy theory [43] has been well-publicized, especially as these unseemly elements have penetrated mainstream politics and manifested as deadly, real-world violence. So it naturally raised more than a few eyebrows when Facebook’s Chief AI Scientist Yann LeCun tweeted his concern [32] over the role of right-wing personalities in downplaying the severity of the COVID-19 pandemic. Critics were quick to point out [29] that Facebook has profited handsomely from exactly this brand of disinformation. Consistent with Facebook’s recent history on such matters, LeCun was both defiant and unconvincing.

Source: https://www.ethicalmarkets.com/facebooks-ethical-failures-are-not-accidental-they-are-part-of-the-business-model/

Continue Reading

Ethicalmarkets

SAVE THE DATE: Ecological Economists Kate Raworth and Hazel Henderson on June 28th

Published

on

Modern, industrialized economics strives for endless growth, and the social policies they promote, by their nature, lay waste to natural systems and exploit vulnerable populations. The result is global crises and disruptions such as the 2008 financial meltdown, climate breakdown, and even the COVID lockdown, as well as extreme wealth concentration and global inequality.

Renegade economist Kate Haworth brings a counter vision of human prosperity based on making economics fit for 21st-century realities. She envisions running the world in a way that gives everyone what they need – food, homes, healthcare, and more – and saves the planet at the same time. She is known for her work on ‘doughnut economics’, which is an economic model that balances essential human needs and planetary boundaries. Her work shows how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create regenerative and distributive economies by design.

On June 28th, you have the opportunity to hear from both icons of economic transformation in one 60-minute online session. Kate and Hazel will discuss the basis of their insights and where we can go from here to protect the health of the planet and human wellbeing.

On June 28th, you have the opportunity to hear from both icons of economic transformation in one 60-minute online session. Kate and Hazel will discuss the basis of their insights and where we can go from here to protect the health of the planet and human wellbeing.

Source: https://www.ethicalmarkets.com/save-the-date-ecological-economists-kate-raworth-and-hazel-henderson-on-june-28th/

Continue Reading

Ethicalmarkets

“Four Paradigm-Shifting Women”-Book Reviews | EthicalMarkets.com

Published

on

©Hazel Henderson 2021

Unsurprisingly, all these womens’ paradigm-shifting books are on steering our US economies toward fairness and recognition of the unpaid sectors. I also discuss these issues in “Valuing Love Economies: Revealed as Driving Positive Human Evolution!”, June 4, 2021.

~Hazel Henderson, Editor”

“ANTITRUST:

Taking on Monopoly Power from the

Gilded Age to the Digital Age,”

Amy Klobuchar

Alfred A. Knopf, Penguin Random House (2021)

If you only read one policy book this crucial year, make it this wonderfully readable, richly-illustrated account of how generations of US capitalists continually merged into ever-greater concentrations of power, monopolizing industry after industry, until courageous civic leaders, workers and activists finally passed legislation to curb these monopolies. Senator Klobuchar tells the personal story of her immigrant family who came from the mines of Eastern Europe to become miners in northern Minnesota. Few if any sitting US Senators work more diligently and systematically and embrace our current situation in the USA so holistically. This book also manages to be humorous, including not only amazing cartoons illustrating how reformers challenged these monopolists, as seen in newspapers through two centuries. Klobuchar, also adds her 25 reform proposals, as well as over 240 pages of meticulously documented footnotes! This book belongs in all our public libraries and on the shelves of politicians, policy wonks, unions consumer groups and all citizens!

“ENGINE OF INEQUALITY:

The Fed and the Future of WEALTH in AMERICA

Karen Petrou

John Wiley & Sons, (2021)

This book is the most honest, courageous and penetrating look at the Federal Reserve system so far, its history of missed opportunities. Mistaken policies and timidity precluded fully using its mandate for balancing the USA economy and financial system for greater equity and inclusion. Amazingly, Karen Petrou is also an acclaimed monetary expert, co-founder and Managing Partner of Federal Financial Analytics, who has testified before many US government agencies and known for her precise impartiality and expertise. Petrou points to the many reforms the Fed could undertake to reverse the “trickle-down“ economics and the over-aggregated statistics that miss too much detail on the ground. These include GDP and macroeconomic indicators, that I have also critiqued over the past 40 years, summarized in my “Time to Dethrone Economics“, (2021) and “Mapping the Global Transition To the Solar Age: From Economism to Earth Systems Science”, (2014). Petrou proposes pragmatic actions the Fed can take and should take immediately to reverse its adverse influence on economic inequality use its power to move the money into a force for shared prosperity. Read this book now!

“THE WHITENESS OF WEALTH:

How the Tax System Impoverishes Black Americans and How We Can Fix It”,

Dorothy A. Brown

Crown/Penguin House, (2021)

Law Professor Dorothy Brown, as a Black girl growing up in the South Bronx, saw how race limited the lives of her family and neighbors. So she became a celebrated tax lawyer as Asa Griggs Candler Professor at Emory University after graduating from Fordham University, Georgetown Law and New York University. Prof. Brown looks into the ways that many tax rules, often inadvertently, harm Black married joint filers, as well as many single women. With over 50 pages of key footnotes, Prof. Brown outlines how these tax rules exacerbated inequality in the GI Bill, housing, mortgages, red-lined communities, colleges, student loans, even how the Homestead Act of 1872 offering “40 acres and a mule” to settlers going West, largely excluded African-Americans. Brown spells out a key set of reforms to the IRS and our tax rules to level the playing field and give tax rebates where clearly justified. I have also quoted many of these reforms in my “Evolving Finance, Money & Markets“, (2021). We hope President Biden is listening as Prof. Brown is interviewed, recently on CNN, MSNBC, PBS, NPR, and reads her articles in FORBES, New York Times and Washington Post. A must read for both policy wonks and taxpayers!

“THE DEFICIT MYTH: Modern Monetary Theory and the

Birth of the People’s Economy“

Stephanie Kelton

PublicAffairs, (2020)

Professor Stephanie Kelton at Stony Brook University, N.Y. is former chief economist on the US Senate Budget Committee and the most readable proponent of the economics school of Modern Monetary Theory (MMT), developed at Bard College Levy Institute www.levy.edu. Kelton tells all from her experience at the US Senate Budget Committee, on how libertarian economics is promoted by wealthy donors whose family fortunes were based on fossil energy and mining natural resources. These ideologies contribute to regressive policies, based on constant fear of inflation, debt burdening our childrens‘ future, austerity, cutting social budgets while passing huge military expenditures and tax cuts for corporations and the top 1 percent. I have cited Kelton’s book in many recent columns and how she acknowledges all the valuable government investments created: from the Hoover Dam (without which Los Angeles would still be a village) to Eisenhower’s interstate highway system and Kennedy’s moon mission in the 1960’s which spurred our current economy and created NASA. Yet these assets are still missing, only recorded in debt-to-GDP ratios-which could be cut by up to 50% with a few keystrokes! This book is now a New York Times best-seller and must reading!

Source: https://www.ethicalmarkets.com/four-paradigm-shifting-women-book-review/

Continue Reading

Trending