Johnathan Foley is director of the Institute on the Environment at the University of Minnesota. He recently received a Heinz Award, which is given annually to people who improve the human condition and environment through work in areas ranging from poverty alleviation to the arts and sciences. The award citation for Foley begins as follows: A scientist on the leading edge of understanding global ecosystems and the study of complex environmental systems, Jonathan Foley, Ph.D., has dedicated his career to examining and finding solutions for the challenge of feeding an ever-growing population while at the same time protecting our planet…
The religion of capitalist economics
In earlier posts we mentioned the Oxfam report entitled “The cost of inequality: how wealth and income extremes hurt us all,” which outlined how the annual income of richest 100 people is enough to end global poverty four times over (i.e. while the annual net income of the world’s richest 100 billionaires is about $240 billion, the estimated cost of raising everyone worldwide above the $1.25 a day poverty line is about $66 billion). Recently Oxfam released another report, “Working for the Few: Political capture and economic inequality,” which maps the the general distribution of wealth on a global level.…
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