Common wealth dividends
Peter Barnes explains how protecting the environment and sharing the fruits of our economy more broadly can – and should – go hand-in-hand:
The failure to charge for common wealth — for example, letting polluters dump freely into our atmosphere — leads to what economists call “negative externalities.” The costs of pollution aren’t paid by polluters; they are shifted to pollutees, nature and future generations. And this market failure persists because no living individuals or companies would financially benefit from fixing it.But imagine a system in which everyone benefits from fixing this tragic flaw. In this system, polluters would pay and all living citizens, as joint beneficiaries and trustees of nature’s gifts, would get dividends. The higher the price for using the commons, the larger the dividends and the lower the externalities. The health of nature’s gifts would be directly linked to greater income for everyone.
Read more here.
“The Greatest Economics Lesson”
Econ4 is pleased to announce the Grand Prize and Most Creative Prize winner in the Econ4 Video Remix Contest:
“The Greatest Economics Lesson” created by Taylor Erickson, a nonprofit intern in Cleveland, Ohio.
“Charlie Chaplin on Greed”
Announcing the prize winner for the Most Inspiring video in the Econ4 Video Remix Contest!
“Charlie Chaplin on Greed.”
“Greed: It’s What You Need!”
We are pleased to present the prize winner for the Funniest Video in the Econ4 Video Remix Contest!
“Greed: It’s What You Need!” by Evan Moore, an independent filmmaker based in Seattle.
Video remix contest: Honorable mentions
Two more Honorable Mentions:
“Greed in America” by Aidan Connolly, a senior at the University of Massachusetts Amherst.
“Econ4 Greed Music Video” by Andrew Erickson of the Digital Film Academy in New York.
Econ4 video remix contest: Honorable mentions
This week we’ll be posting the winning entries in the Econ4 Video Remix Contest. We open today with Honorable Mentions for two videos from high school students. Enjoy!
Video by Evan Warner, a senior at Northfield High School in Northfield, Vermont.
Featuring Jameson King and Haylie Bettes with video production by Brett Lucas from the Macon Area Career Center in Macon, Missouri.
Where to invade next
Econ4 does not accept advertising dollars. And we don’t promote commercial ventures. But for the first time ever, we’re making this exception (free promotion – still no dollars) for Michael Moore’s latest film. It debuts in theaters on Feb. 12.
Paving the way to a clean energy future
And now, something hopeful:
The French government plans to pave 1,000 kilometers (621 miles) of its roads with solar panels in the next five years, which will supply power to millions of people.
“The maximum effect of the program, if successful, could be to furnish 5 million people with electricity, or about 8 percent of the French population,” Ségolène Royal, France’s minister of ecology and energy, said….
France’s Agency of Environment and Energy Management said that 4 meters (14 feet) of solarized road would be enough to supply the electrical needs of one household, excluding heat. One kilometer (0.62 miles) will supply enough electricity for 5,000 residents.
Read more and see a video about it here.
Let them drink pollution?
The drinking water crisis in Flint, Michigan, is a wake-up call, writes Econ4’s James Boyce:
The tragic crisis in Flint, Michigan, where residents have been poisoned by lead contamination, is not just about drinking water. And it’s not just about Flint. It’s about race and class, and the stark contradiction between the American dream of equal rights and opportunity for all and the American nightmare of metastasizing inequality of wealth and power.
Read his post for the Institute for New Economic Thinking here.
Video remix contest: recent entries
For your viewing pleasure, here are two more recent entries in the Econ4 Video Remix Contest. The deadline for prize eligibility is February 1st. Submit yours soon!
