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🔗 Economics 🔗 Politics 🔗 Basic Income 🔗 Taxation 🔗 Libertarianism

Georgism, also called geoism and single tax (archaic), is an economic ideology holding that while people should own the value they produce themselves, economic value derived from land (often including natural resources and natural opportunities) should belong equally to all members of society. Developed from the writings of American economist and social reformer Henry George, the Georgist paradigm seeks solutions to social and ecological problems, based on principles of land rights and public finance which attempt to integrate economic efficiency with social justice.

Georgism is concerned with the distribution of economic rent caused by natural monopolies, pollution and the control of commons, including title of ownership for natural resources and other contrived privileges (e.g. intellectual property). Any natural resource which is inherently limited in supply can generate economic rent, but the classical and most significant example of land monopoly involves the extraction of common ground rent from valuable urban locations. Georgists argue that taxing economic rent is efficient, fair and equitable. The main Georgist policy recommendation is a tax assessed on land value. Georgists argue that revenues from a land value tax (LVT) can be used to reduce or eliminate existing taxes (for example, on income, trade, or purchases) that are unfair and inefficient. Some Georgists also advocate for the return of surplus public revenue to the people by means of a basic income or citizen's dividend.

Economists since Adam Smith and David Ricardo have observed that a public levy on land value does not cause economic inefficiency, unlike other taxes. A land value tax also has progressive tax effects. Advocates of land value taxes argue that they would reduce economic inequality, increase economic efficiency, remove incentives to underutilize urban land and reduce property speculation. The philosophical basis of Georgism dates back to several early thinkers such as John Locke, Baruch Spinoza and Thomas Paine, but the concept of gaining public revenues mainly from land and natural resource privileges was widely popularized by Henry George and his first book Progress and Poverty (1879).

Georgist ideas were popular and influential during the late 19th and early 20th century. Political parties, institutions and communities were founded based on Georgist principles during that time. Early devotees of Henry George's economic philosophy were often termed Single Taxers for their political goal of raising public revenue mainly from a land value tax, although Georgists endorsed multiple forms of rent capture (e.g. seigniorage) as legitimate. The term Georgism was invented later and some prefer the term geoism to distinguish their beliefs from those of Henry George.

🔗 Mathematics 🔗 Economics 🔗 Politics 🔗 Urban studies and planning 🔗 Organizations 🔗 Game theory

Braess' paradox is the observation that adding one or more roads to a road network can slow down overall traffic flow through it. The paradox was postulated in 1968 by German mathematician Dietrich Braess, who noticed that adding a road to a particular congested road traffic network would increase overall journey time.

The paradox may have analogies in electrical power grids and biological systems. It has been suggested that in theory, the improvement of a malfunctioning network could be accomplished by removing certain parts of it. The paradox has been used to explain instances of improved traffic flow when existing major roads are closed.

🔗 Economics 🔗 Statistics 🔗 Business 🔗 Politics

Goodhart's law is an adage named after economist Charles Goodhart, which has been phrased by Marilyn Strathern as "When a measure becomes a target, it ceases to be a good measure." One way in which this can occur is individuals trying to anticipate the effect of a policy and then taking actions that alter its outcome.

🔗 California 🔗 Business 🔗 Politics 🔗 Trains 🔗 Politics/American politics 🔗 Trains/Rapid transit 🔗 Buses 🔗 Trains/Streetcars

The notion of a General Motors streetcar conspiracy emerged after General Motors (GM) and other companies were convicted of monopolizing the sale of buses and supplies to National City Lines (NCL) and its subsidiaries. In the same case, the defendants were accused of conspiring to own or control transit systems, in violation of Section 1 of the Sherman Antitrust act. The suit created lingering suspicions that the defendants had in fact plotted to dismantle streetcar systems in many cities in the United States as an attempt to monopolize surface transportation.

Between 1938 and 1950, National City Lines and its subsidiaries, American City Lines and Pacific City Lines—with investment from GM, Firestone Tire, Standard Oil of California (through a subsidiary), Federal Engineering, Phillips Petroleum, and Mack Trucks—gained control of additional transit systems in about 25 cities. Systems included St. Louis, Baltimore, Los Angeles, and Oakland. NCL often converted streetcars to bus operations in that period, although electric traction was preserved or expanded in some locations. Other systems, such as San Diego's, were converted by outgrowths of the City Lines. Most of the companies involved were convicted in 1949 of conspiracy to monopolize interstate commerce in the sale of buses, fuel, and supplies to NCL subsidiaries, but were acquitted of conspiring to monopolize the transit industry.

The story as an urban legend has been written about by Martha Bianco, Scott Bottles, Sy Adler, Jonathan Richmond, and Robert Post. It has been explored several times in print, film, and other media, notably in Who Framed Roger Rabbit, Taken for a Ride, Internal Combustion, and The End of Suburbia.

Only a handful of U.S. cities, including San Francisco, New Orleans, Newark, Cleveland, Philadelphia, Pittsburgh, and Boston, have surviving legacy rail urban transport systems based on streetcars, although their systems are significantly smaller than they once were. Other cities are re-introducing streetcars. In some cases, the streetcars do not actually ride on the street. Boston had all of its downtown lines elevated or buried by the mid-1920s, and most of the surviving lines at grade operate on their own right of way. However, San Francisco's and Philadelphia's lines do have large portions of the route that ride on the street as well as using tunnels.

🔗 Greece 🔗 Politics 🔗 Elections and Referendums

In governance, sortition (also known as selection by lot, allotment, demarchy, or Stochocracy) is the selection of political officials as a random sample from a larger pool of candidates. Filling individual posts or, more usually in its modern applications, to fill collegiate chambers. The system intends to ensure that all competent and interested parties have an equal chance of holding public office. It also minimizes factionalism, since there would be no point making promises to win over key constituencies if one was to be chosen by lot, while elections, by contrast, foster it. In ancient Athenian democracy, sortition was the traditional and primary method for appointing political officials, and its use was regarded as a principal characteristic of democracy.

Today, sortition is commonly used to select prospective jurors in common law-based legal systems and is sometimes used in forming citizen groups with political advisory power (citizens' juries or citizens' assemblies).

🔗 United States 🔗 Politics

The political philosopher Sheldon Wolin coined the term inverted totalitarianism in 2003 to describe what he saw as the emerging form of government of the United States. Wolin analysed the United States as increasingly turning into a managed democracy (similar to an illiberal democracy). He uses the term "inverted totalitarianism" to draw attention to the totalitarian aspects of the American political system while emphasizing its differences from proper totalitarianism, such as Nazi and Stalinist regimes.

The book Days of Destruction, Days of Revolt (2012) by Chris Hedges and Joe Sacco portrays inverted totalitarianism as a system where corporations have corrupted and subverted democracy and where economics bests politics. Every natural resource and living being is commodified and exploited by large corporations to the point of collapse as excess consumerism and sensationalism lull and manipulate the citizenry into surrendering their liberties and their participation in government.

🔗 Philosophy 🔗 Philosophy/Philosophical literature 🔗 Politics 🔗 Philosophy/Ancient philosophy 🔗 Philosophy/Ethics

The Nicomachean Ethics (; Ancient Greek: Ἠθικὰ Νικομάχεια, Ēthika Nikomacheia) is the name normally given to Aristotle's best-known work on ethics. The work, which plays a pre-eminent role in defining Aristotelian ethics, consists of ten books, originally separate scrolls, and is understood to be based on notes from his lectures at the Lyceum. The title is often assumed to refer to his son Nicomachus, to whom the work was dedicated or who may have edited it (although his young age makes this less likely). Alternatively, the work may have been dedicated to his father, who was also called Nicomachus.

The theme of the work is a Socratic question previously explored in the works of Plato, Aristotle's friend and teacher, of how men should best live. In his Metaphysics, Aristotle described how Socrates, the friend and teacher of Plato, had turned philosophy to human questions, whereas pre-Socratic philosophy had only been theoretical. Ethics, as now separated out for discussion by Aristotle, is practical rather than theoretical, in the original Aristotelian senses of these terms. In other words, it is not only a contemplation about good living, because it also aims to create good living. It is therefore connected to Aristotle's other practical work, the Politics, which similarly aims at people becoming good. Ethics is about how individuals should best live, while the study of politics is from the perspective of a law-giver, looking at the good of a whole community.

The Nicomachean Ethics is widely considered one of the most important historical philosophical works, and had an important impact upon the European Middle Ages, becoming one of the core works of medieval philosophy. It therefore indirectly became critical in the development of all modern philosophy as well as European law and theology. Many parts of the Nicomachean Ethics are well known in their own right, within different fields. In the Middle Ages, a synthesis between Aristotelian ethics and Christian theology became widespread, in Europe as introduced by Albertus Magnus. While various philosophers had influenced Christendom since its earliest times, in Western Europe Aristotle became "the Philosopher". The most important version of this synthesis was that of Thomas Aquinas. Other more "Averroist" Aristotelians such as Marsilius of Padua were controversial but also influential. (Marsilius is for example sometimes said to have influenced the controversial English political reformer Thomas Cromwell.)

A critical period in the history of this work's influence is at the end of the Middle Ages, and beginning of modernity, when several authors such as Francis Bacon and Thomas Hobbes, argued forcefully and largely successfully that the medieval Aristotelian tradition in practical thinking had become a great impediment to philosophy in their time. However, in more recent generations, Aristotle's original works (if not those of his medieval followers) have once again become an important source. More recent authors influenced by this work include Alasdair MacIntyre, G. E. M. Anscombe, Hans-Georg Gadamer, Martha Nussbaum and Avital Ronell.

🔗 United States 🔗 Human rights 🔗 History 🔗 Politics 🔗 Politics/American politics 🔗 African diaspora 🔗 United States History 🔗 United States/FBI 🔗 Civil Rights Movement 🔗 United States/U.S. history

COINTELPRO (syllabic abbreviation derived from COunter INTELligence PROgram) (1956–1971) was a series of covert and, at times, illegal projects conducted by the United States Federal Bureau of Investigation (FBI) aimed at surveilling, infiltrating, discrediting, and disrupting American political organizations. FBI records show that COINTELPRO resources targeted groups and individuals that the FBI deemed subversive, including feminist organizations, the Communist Party USA, anti–Vietnam War organizers, activists of the civil rights movement or Black Power movement (e.g. Martin Luther King Jr., the Nation of Islam, and the Black Panther Party), environmentalist and animal rights organizations, the American Indian Movement (AIM), independence movements (such as Puerto Rican independence groups like the Young Lords), and a variety of organizations that were part of the broader New Left. The program also targeted the Ku Klux Klan in 1964.

In another instance in San Diego, the FBI financed, armed, and controlled an extreme right-wing group of former members of the Minutemen anti-communist para-military organization, transforming it into a group called the Secret Army Organization that targeted groups, activists, and leaders involved in the Anti-War Movement, using both intimidation and violent acts.

The FBI has used covert operations against domestic political groups since its inception; however, covert operations under the official COINTELPRO label took place between 1956 and 1971. COINTELPRO tactics are still used to this day and have been alleged to include discrediting targets through psychological warfare; smearing individuals and groups using forged documents and by planting false reports in the media; harassment; wrongful imprisonment; and illegal violence, including assassination. The FBI's stated motivation was "protecting national security, preventing violence, and maintaining the existing social and political order".

Beginning in 1969, leaders of the Black Panther Party were targeted by the COINTELPRO and "neutralized" by being assassinated, imprisoned, publicly humiliated or falsely charged with crimes. Some of the Black Panthers affected included Fred Hampton, Mark Clark, Zayd Shakur, Geronimo Pratt, Mumia Abu-Jamal, and Marshall Conway. Common tactics used by COINTELPRO were perjury, witness harassment, witness intimidation, and withholding of evidence.

FBI Director J. Edgar Hoover issued directives governing COINTELPRO, ordering FBI agents to "expose, disrupt, misdirect, discredit, or otherwise neutralize" the activities of these movements and especially their leaders. Under Hoover, the agent in charge of COINTELPRO was William C. Sullivan. Attorney General Robert F. Kennedy personally authorized some of the programs. Although Kennedy only gave written approval for limited wiretapping of Martin Luther King's phones "on a trial basis, for a month or so", Hoover extended the clearance so his men were "unshackled" to look for evidence in any areas of King's life they deemed worthy.

🔗 Economics 🔗 Philosophy 🔗 Politics 🔗 Philosophy/Social and political philosophy 🔗 Philosophy/Philosophy of religion 🔗 Cooperatives 🔗 Catholicism

Distributism is an economic theory asserting that the world's productive assets should be widely owned rather than concentrated.

Developed in Europe in the late 19th and early 20th centuries, distributism was based upon the principles of Catholic social teaching, especially the teachings of Pope Leo XIII in his encyclical Rerum novarum (1891) and Pope Pius XI in Quadragesimo anno (1931). It views both capitalism and socialism as equally flawed and exploitative, and it favors economic mechanisms such as cooperatives and member-owned mutual organizations as well as small businesses, and large-scale antitrust regulations.

Some Christian democratic political parties have advocated distributism in their economic policies.

🔗 United States/U.S. Government 🔗 United States 🔗 Finance & Investment 🔗 Politics 🔗 United States/District of Columbia

The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis in 2011, as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions. After reaching the headlines during the week of January 7, 2013, use of the trillion dollar coin concept was ultimately rejected by the Federal Reserve and the Treasury..

The concept of the trillion-dollar coin was reintroduced in March 2020 in the form of a congressional proposal during the 2020 stock market crash.