Category: Current Issues

A New Renaissance of Local Farms, Local Food, and Local Economies

By Roar Bjonnes  At 66, I am old enough to remember when the local economy was still thriving. I grew up in an extended family on a small island in Norway. All the apples, berries, pears, and cherries we ate, especially during fall and winter, had been cultivated in our own garden. In the fall, the whole family—including my grandmother and grandfather—picked mushrooms, blueberries, and…

How Economic Sanctions on Russia Could Crash the Monetary System

By Tim Shanks The use of economic sanctions as a weapon is an ancient practice. The first recorded instance was in 423 BC, when Athens banned traders from Megara to strangle the rival’s economy. However, it was only in the 20th century that economic sanctions became a regular feature of international relations. After World War II, the predominant architect of economic sanctions was the United…

Solving the Inequality Gap: Progressive Taxation or Economic Democracy?

By Roar Bjonnes When editor-in-chief of multinational business magazine Fortune, Alyson Shontell, asked in its June/July 2022 issue if it’s time for a maximum wage, she got my attention. Back in the early 90’s, when I was editor of Prout Journal, I published an article by Sam Pizzigati, co-editor of Inequality.org, which emphatically proclaimed that it is indeed time for a maximum wage. Does this…

The New Economy Movement Comes of Age

By Michael Towsey  May 2022 The publication of Growing a New Economy by Roar Bjonnes and Caroline Hargreaves[1] was a milestone in the history of Proutist literature because it was the first comprehensive introduction to Prout economics that firmly situated the Proutist agenda within the emerging New Economy Movement. The term New Economy Movement (NEM) is a rather loose description of a growing literature that…

The Ukrainian War, Strategic Interests and Monetary Systems

Written by Liila Hass, Jyotirmaya Hull-Jurcovic, and Roar Bjonnes The Russian invasion of Ukraine On February 24 2022, the Russian Federation invaded Ukraine with devastating consequences for the country and the civilian population. In this David versus Goliath struggle, Russia mobilized over a hundred thousand troops against a much smaller Ukrainian force. Russia has about four times as many soldiers as Ukraine, twice as many…