Political Economy and the Current Crisis

Description/Abstract of your Event: 
Our current Economic System seems to be producing two simultaneously existing contradictory trajectories. One is a trajectory of fast technological progress and material wealth creation and affluence. The other is a trajectory of Economic poverty, and the Social Ills that come along with it. The right wing exalts the productive achievements while the left wing abhors the social problems that seem to be a sine-qua non corollary of human progress. Both the right and the left seem to agree that our current system is "Capitalism". This panels disagrees with this nomenclature and blames it for a false consciousness both on the right and the left which fails to identify the true culprit of economic exploitation malaise and unequal wealth distribution. Instead the term "RENTALISM" will be introduced and explained as a more accurate, honest description of our Economic System and along with it we will motivate synthetic robust and lasting solutions which define succinctly the boundaries between Common Property and Private property and how to reconcile both of them in a cooperative way which maximizes both individual productive potential and social progress.
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My Mis-Education in 3 Graphics documents the filmmaker’s darkly humorous journey through the mind-boggling constructs of mainstream economics. Critics offer some clear-sighted alternatives to the dominating economists' beliefs and models. The film is a visually fun satire deconstructing the current orthodox version of "the dismal science". Filmed introductory economics course lectures and interviews with economists reveal the enormous rift between the economic textbook models and the filmmaker’s and other critics’ understandings of economic reality. The first part of the film explores how mainstream economics (mis)represents markets, the next is a presentation of their befuddling model of the firm, and the final section, on macroeconomics, points to some of the major issues hidden by the models: financial debt’s contribution to inequality, and the unaccounted for destruction of the natural world. Mainstream economists such as N.Gregory Mankiw, George Borts, Timothy Taylor, and Lawrence Summers are critiqued by Herman Daly, Michael Hudson, Randall Wray, Richard McIntyre, Richard and Max Wolff, Robert Pollin, Nancy Holmstrom, Richard Smith, Costas Panayotakis, Doug Henwood, John Foster, Susan Feiner, and Stephen Marglin.
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At the panel speakers will argue that the decline of neo-liberalism and the growth of a new conservative wave are objectively conditioned. The prevailing model of late capitalism that has led to the domination of the market of simulacra, financialization and stagnation, called the ‘new normality’, cannot ensure the progress of the productive forces that are on the verge of not just another technological revolution, but a qualitative change – the genesis of the economy in which a decisive role will be played not by reproductive, but by creative work. Not just re-industrialization – the coming creative revolution – necessitates at least a deep reform of the currently dominant social and economic system. The non-realization of these changes is fraught with conservative regress of both the economy and society. The main directions of reforming the system of economic relations that respond to the challenges of the progress of the productive forces will be discussed at the panel.
Description/Abstract of your Event: 
When the yellow vests movement began in November 2018 following the Macron government’s decision to raise the tax on diesel, it was characterized by many, including those on the far left, as being a movement of the extreme right - anti-immigrant and anti-ecological. It was a movement that existed outside the major urban centers. It was also outside the unions and political parties that would usually be associated with any significant mobilization. But far from being a minority movement, it is made up of a significant portion of the French population: the poorer sections of the working class, retirees and women. The movement gained widespread support as it demonstrated on the exclusive Champs de Elysees in Paris and battled the police for the right to put forward its grievances. It was made up of hundreds of local “headquarters” with people meeting on the “roundabouts.” Recently General Assemblies, grouping members or representatives into broader regional bodies have been formed to discuss the direction of their movement. This panel will discuss the political developments within this movement and how the extreme left can engage this new movement that has the possibility to challenge the mechanisms of power.
Description/Abstract of your Event: 
Modern patriarchal commodity-producing society is fully inserted in a substantial civilization crisis. It is a crisis of the absolute limit that turns impossible to continuing of this kind of social form. The substantial crisis of this system is due to the fact that their own productive forces are checking its foundation: labor. Labor, while the unique source of valorization of the value commodities, has been substituted by machines. The crisis of the system that had exploded in 2008 is a necessary result of the automation of production processes. This crisis theory had already been stated by Karl Marx, initially in the Grundrisse, (1857-58). Radical Critique Group found in that work some answers to strong signs of crisis that we had been perceived at the beginning of the 90s. This theory, in addition to explaining todayѓ??s world crisis in an accurate form, is the basis to criticizing the totality of an interpretation of the world developed by Traditional Marxism. As a result, todayѓ??s unpredictable changes bring out the historical need and the opportunity to glimpse and to implement the overcoming of capitalism, including its fundamental categories: labor, commodity, money, capital, market, State, and so on. One of its needful pre-conditions is a high level of consciousness concerning the fetishist and patriarchal feature of a society based on the market.
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"The most important fundamental law in any nation is that which institutes money; for money governs the distribution of property, and thus affects in a thousand ways the relations of man to man." -- EdwardKellogg, 1861. Today nearly 14 million Americans are unemployed, another12 million underemployed, 43 million Americans live below the poverty line, 49 million go to bed hungry at night, and an estimated 3 million Americans are homeless. The US Congress created the Federal Reserve in 1913 giving private bankers the power to create money which institutionalized debt slavery for American workers and caused the misery many of the 99% are experiencing today, This panel will review the history of the Fed Reserve creation and describe how this power to create money by private bankers has caused this suffering. Strategies for returning the Constitutional power to create money to the people for the benefit of all Americans will be discussed. With solidarity the present system can be changed to create a world of hope for all Americans.
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Crisis and Capitalism Today: Interpretations and Interventions
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Six years into the deepest crisis of the advanced capitalist world since 1929, this series brings together authors from the 'Future of World Capitalism' book series to discuss the origins, current state and direction of contemporary capitalism