Alt Wire is a digest of spoon-fed inspiration curated by our favorite editors, journalists, artists, and visionaries. Today's guest is Dollars & Sense editor Chris Sturr.
What is “popular economics”? Here are two things it is not:
It’s not the economics that’s popular with most professional economists or econ profs, or among most politicians and policy-makers (yes, including Obama) who rely on the kind of mainstream, pro-free-market economics that not only failed to predict the current financial crisis, but laid the groundwork for it.
And “popular economics” definitely doesn’t refer to popular media coverage of the economy—the business press or personal finance advisors, which either promote “elevator economics” (“the Dow is up!” “the Dow is down!”) or train people to think that their fortune in the economy is entirely an individual matter.
Popular economics is economics education for and by the people, aimed at inspiring action. We all live in the economy, right? So we all know about the economy, and can teach each other about it. And what we would teach each other about the current economic crisis is a far cry from MSNBC, Fox News, or even public radio’s Marketplace. For one thing, we’d tell each other that we’re all in this together, and we’re not going to defeat the people who got us into this by paying attention to the Dow, investing in the right mutual fund, or clipping coupons. We need to organize!
Here’s how:
Workshops: Veteran Boston-area organizer Mike Prokosh has been working with Jobs with Justice in Massachusetts to put together an Economic Crisis Workshop. Steve Schnapp and others at United for a Fair Economy have put one together called Bankers, Brokers, Bubbles, and Bailouts.
Comic Books and Mutual Aid: Comic books are another great vehicle for pop-econ organizing. Chuck Collins of United for a Fair Economy and the Institute for Policy Studies worked with long-time Dollars & Sense cartoonist Nick Thorkelson to put together the comic book Economic Meltdown Funnies. Chuck has also been spreading the word that we’re all in this together through Common Security Clubs.
Prison Crisis: Before the financial crisis, the 2.2 million people in prison or jail and the 6+ million more on probation or parole—plus their families and communities—were coping with the prison crisis. Lois Ahrens of the Real Cost of Prisons Project provides resources—including terrific comic books—to activists and organizers that help explain the impact of mass incarceration. (For more great resources on the prison crisis, check out the Prison Policy Initiative and Prisoners of the Census.)
Summer and Solidarity: The Center for Popular Economics has been running a Summer Institute for years. This year’s will focus on “solidarity economics” as a response to the economic crisis. (Also check out the newly formed U.S. Solidarity Economy Network.) The organization also provides online courses.
Fighting foreclosures: People are protesting around the world, but there’s been little outcry in the United States (tea-baggers notwithstanding). One big exception is City Life/Vida Urbana in Boston. They are standing up to the banks and helping owners and renters forestall foreclosure. Their innovative organizing was featured recently on Bill Moyers.
Toxic Textbooks: How did all those mainstream economists learn to be rigid free-marketeers? It started in the classroom. There’s a growing movement to reverse the right-wing takeover in economics education, including Real-World Economics Review’s Toxic Textbooks campaign and Adbusters’ True Cost Economics campaign. (Dollars &Sense had been covering bias in econ education for years.)
Bio: Chris Sturr is co-editor of Dollars & Sense, which has been providing left economic analysis in plain English for 35 years. Dollars & Sense also publishes (non-toxic!) textbooks. Check out the D&S blog and coverage of the financial crisis.