Daily Archives: January 2, 2016


Sanders supporters say his message will resonate in Worcester

The Worcester Telegram & Gazette has the article Sanders supporters say his message will resonate in Worcester.

Steven Greenberg of Sturbridge, another volunteer for the North High rally, said he supports Mr. Sanders’ positions against economic inequality and “the rigging of the system in favor of the very rich.”

These are people with whom Sharon and I fully agree


Finally, The Worcester Telegram & Gazette features people with whom we agree 100%.


Job Guarantee Versus Basic Income Guarantee

Naked Capitalism has the article Job Guarantee Versus Basic Income Guarantee.

As much as many readers advocate the idea of basic income, I suggest you consider the results of the one time it was implemented in historically on a large-scale basis: the Speenhamland system, in early industrial England. As Karl Polanyi describes at length in his classic, The Great Transformation, the long-term results were disastrous for the laboring classes. I strongly suggest you read the long-form discussion here, but the short version is that the guarantee wound up lowering wages and serving as a subsidy to employers.

The introduction on Naked Capitalism indicates that the video discussion will be well worth seeing. I have only had the time to watch the first 7 minutes or so, but it looks like it is going to live up to the promise described by Naked Capitalism. I want everyone here to have the chance to watch the video, long before I get to watch the whole thing myself.

I want to be able to refer back to this post to complete my viewing of the video. Some of the reason why I write this blog is to preserve links to items I want to read or see (and maybe even reread and re-view).