There’s lots of talk recently about the wealth of Jeff Bezos. There are maps comparing his wealth to entire countries, a “You are Jeff Bezos” game where you can spend his money on different things - like paying their fair-share of taxes, and a graphic that puts his wealth in perspective. A recurring point is that most people simply cannot fathom the amount of money he has. The number is $150 billion. My favorite attempt to bring the number into human terms is Quartz’s article, “The average US worker would need 10 times the length of all human history to earn as much as Jeff Bezos”. This beautifully captures the point that someone does not simply earn or work for such an amount of money, but rather captures it. We, at degrowth.info, thought a similar calculation would be interesting. We wanted to know how many humble (but hopefully useful) projects like ours Jeff Bezos’ wealth could pay for. In case you haven’t heard already, degrowth.info is improving its site to better support the degrowth community and improve the usability of the platform – this will cost 7,500€.
On October 1st, Ecuadorian President Lenin Moreno announced a series of economic measures for the country, including the elimination of gasoline and diesel subsidies and the liberalization of their prices, as part of an agreement with the International Monetary Fund (IMF). These measures led to the eruption of massive nationwide protests for eleven consecutive days, which were met by the govern...
Middle-Europe's prosperity as well as our high levels of mobility and consumption are based on three industrial revolutions whose technical progress has constantly been increasing labour productivity. The consequences are paradoxical: On one hand it is possible to produce ever more goods with the same amount of work. On the other hand these productivity increases are being used to make human la...
According to German columnist Georg Diez, the violation of democratic processes in the wake of the financial crisis in 2007/2008 was an epochal break comparable to the great depression and the developments thereafter. One reason for the increase in racism and rise of the radical right, he writes, is also the helplessness of the left faced with the increasing numbers of people who feel abandon...
