1) This is my top highlight. We found that the global North net-appropriates more than 800 billion hours of labour from the South per year. This occurs because Southern wages are 83–98% lower than Northern wages for work of equal skill in the same sector. www.nature.com/articles/s41... - ThreadSky

jasonhickel.bsky.social • 97 days ago

1) This is my top highlight. We found that the global North net-appropriates more than 800 billion hours of labour from the South per year. This occurs because Southern wages are 83–98% lower than Northern wages for work of equal skill in the same sector. https://www.nature.com/articles/s41467-024-49687-y

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jasonhickel.bsky.social•97 days ago

2) Around 80% of humanity lives in conditions of deprivation. But this scarcity is artificial. If we directed production toward meeting human needs rather than mindlessly pursuing capitalist growth, we could ensure good lives for 8.5 billion people👇 https://sciencedirect.com/science/article/pii/S2452292924000493

jasonhickel.bsky.social•97 days ago

3) Climate mitigation scenarios perpetuate massive inequalities between North and South through 2100. But these inequalities cannot be justified under established ethical frameworks. We need new scenarios that can achieve justice and convergence. https://sciencedirect.com/science/article/pii/S2214629624004043

jasonhickel.bsky.social•97 days ago

4) Some of our PhD students led this brilliant editorial in the BMJ, on degrowth in the imperial core as key to a just transformation of the world economy, including greater democratic control over production, and national liberation in the global South. https://www.bmj.com/content/387/bmj.q2781

jasonhickel.bsky.social•97 days ago

5) In this brief piece we describe important new advances in measuring global poverty. "The BNPL data indicates that the story of global poverty over the past few decades is more complex, and more troubling, than existing narratives allow..." https://blogs.lse.ac.uk/inequalities/2024/04/30/new-research-on-global-poverty/

jasonhickel.bsky.social•97 days ago

6) I am a supporter of basic income. But it is limited in its ability to achieve the transformations we need. Here I argue that a public job guarantee can help address the core problem by reorienting production around achieving urgent social objectives. https://www.currentaffairs.org/news/2024/01/the-limits-of-basic-income

jasonhickel.bsky.social•97 days ago

7) Capital is failing to invest in a green transition, because it's not profitable enough. To overcome this problem, we must get serious about implementing a credit guidance framework. This isn't just a "nice to have", it is existentially necessary. https://foreignpolicy.com/2024/08/16/climate-change-central-banks-credit-guidance/

cravesanonymity.bsky.social•97 days ago

Thanks for the very interesting thread, Jason. I read about your public job guarantee with interest. Two questions:
1. How can taxation be used to shape production when a lot of production isn't domestic?
2. The jobs guarantee seems to poll well but is this because people aren't familiar with it?

mblibrarian.bsky.social•96 days ago

If we could only stop the billionaires

colawesenstund.bsky.social•18 days ago

Grab a can of soup, we're heading to the Tesla democracy store

w-bart.bsky.social•97 days ago

Human greed is the problem; and it's the fundamental problem to almost each of your topics.
As long as one human being is willing to get something more even though he/she deprives someone else (who might need it more); al these great theories will fail miserably.

colawesenstund.bsky.social•18 days ago

I agree that greed is a major issue. Science shows tho that if municipalities set up community committees with a mandate to make public affair decisions that benefit eight generations on (or even just two), short term financial profit / greed is mostly taken out of the equation. Have faith ❤️

w-bart.bsky.social•18 days ago

That's called the Norwegian approach to investing. Still a whole lot of people will demand the right-here, right-now wealth even if they steal it from their own children.
Example: the USA got Trump re-elected. Make America great again (at great expense in the long term).

colawesenstund.bsky.social•18 days ago

Also, I think the issue goes beyond greed. There's a reason why it's called the seven deadly sins, they're interconnected, and I think the current administration play all these cards, in addition to breaking a few of the commandments at the same time. The (gullible?) voters were lied to.

w-bart.bsky.social•17 days ago

Completely agree, but what puzzles me is how we're going to get out of this with minimal damage, for Europe as well as the USA. There's big challenges coming...

colawesenstund.bsky.social•18 days ago

As a Norwegian I was familiar with the values and principles behind the govt pension fund's investment strategy, but I was unaware it had gotten the moniker "Norway model"! Thanks for enlightening!

w-bart.bsky.social•17 days ago

I think I heard it a long time ago from an investor or bank manager meaning to prioritise long term profit and risk minimising over riskier short term gains.

colawesenstund.bsky.social•18 days ago

Thanks for replying! both approaches prioritize long-term thinking, and the Norway Model is an investment strategy focused on financial returns+risk mngmnt, whereas the seven generations approach is a broad decision-making philosophy emphasizing sustainability+intergenerational responsibility.

w-bart.bsky.social•17 days ago

Well can't we get the white house in the USA to adopt the seven generations approach ? Sounds good and has to be a lot better then the current chaos.

shiftyclown.bsky.social•96 days ago

Maybe that why China is eyeing Africa?

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