#111 From an un-caring economy to a caring economy
#110 How economics ruins economies
#112 The Real American Dream – in Scandinavia

  • Caring for others is the highest thing anyone can do in this world. Yet our governments don’t value care either in the policies they create, and they don’t value it monetarily. We look at how we move from an un-caring economy to a  caring economy, how women’s unpaid work is the greatest subsidy to our so-called productive economy, and how we need to rethink ‘the economic.’
  • Plus – we analyse President Biden’s global minimum tax plans – who wins and who loses? Is it game over for tax havens?

A transcript is available here. (Some is automated and may not be 100% accurate)

Featuring:

“Really, we have to begin by rethinking the meaning of life, the meaning of life isn’t about increasing the wealth of the super wealthy, it’s about people and how we interact and how we’re able to care for each other.”

~ Lynne Segal, the Care Collective

“When it comes to markets, there are already alternatives that can help us reimagine forms of economic exchange that are far more equitable and far more caring.”

~ Andreas Chatzidakis, the Care Collective

“What it seems to me President Biden is saying is he wants to reset the programming of the global rules, that’s the rules of globalisation so that they work to the advantage of the working and middle classes. it’s historic actually. But there are some grounds for quibbling…”

~ John Christensen on the US adminstration’s global minimum tax proposals

Further reading:

Jargon
Illicit Financial Flows

Financial flows across borders that are either illicitly earned, transferred or used. Frequently described as “dirty money”. Breaking laws anywhere along the way earns such funds the label.

Secrecy Jurisdiction

A tax haven or secrecy jurisdiction is a place that deliberately provides an escape route for people or entities who live or operate elsewhere. They shield them from whatever taxes, criminal laws, financial regulations, transparency or other constraints they don’t like. Ordinary people whose lives are affected by tax haven laws are not consulted on these laws because they live in other countries: they have no say in how those laws are made, thus undermining their democratic rights.

Tax Haven

A tax haven or secrecy jurisdiction is a place that deliberately provides an escape route for people or entities who live or operate elsewhere. They shield them from whatever taxes, criminal laws, financial regulations, transparency or other constraints they don’t like. Ordinary people whose lives are affected by tax haven laws are not consulted on these laws because they live in other countries: they have no say in how those laws are made, thus undermining their democratic rights.

Offshore

A tax haven or secrecy jurisdiction is a place that deliberately provides an escape route for people or entities who live or operate elsewhere. They shield them from whatever taxes, criminal laws, financial regulations, transparency or other constraints they don’t like. Ordinary people whose lives are affected by tax haven laws are not consulted on these laws because they live in other countries: they have no say in how those laws are made, thus undermining their democratic rights.

5 Rs of Tax

Revenue, to fund public services, infrastructure and administration.
Redistribution, to curb inequalities between individuals and between groups.
Repricing, to limit public “bads” such as tobacco consumption and carbon emissions.
Representation, to build healthier democratic processes, recognising that higher reliance of government. spending on tax revenues is strongly linked to higher quality of governance and political representation.
Reparation, to redress the historical legacies of empire and ecological damage.

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