The Parallel Parliament

Glen Pearson

Posts tagged “economy

Two-Fold Shame

Posted on February 3, 2015

IT CAUGHT A LARGE NUMBER OF AMERICANS off-guard, but there it was, on record, and an abrupt turnaround from a few years earlier. Although Mitt Romney dropped out of the race to be the Republican presidential nominee last week, he had nevertheless raised eyebrows when claiming that his interest in entering the contest was based on a deep desire to address poverty and income inequality. A subject that barely reached the surface in his last presidential run against Obama, the plight of the marginalized was now front and centre. Moreover, he announced his concern for another group as well. “It’s a tragedy, a human tragedy, that the middle class in this country by and large doesn’t believe that the future will be better than the…

Innovation Agents

Posted on January 29, 2015

  ONE OF THE GREAT CRITICISMS THAT HAS that always confronted the World Economic Summit in Davos each and every year is that its pronouncements sounds so grandiose and global when in fact little, if anything, concrete seems to come from all that talk and collaboration. We need evidence, the kind that is supposed to emerge when connected minds and collaborative intelligence get together and map out a way forward. Proof of what is possible is far more important to the billions in this world than mere projections of what could be. In numerous and provocative dimensions this is what billionaire and elite rebel Nick Hanauer has been prodding his peers to do: get real. Yet he understands that financial reform will prove impossible…

The Real Creator of Jobs

Posted on January 28, 2015

IN RESPONDING TO NICK HANAUEER’S observation that “the pitchforks are coming,” one of the .01% noted that the democracy has successfully “tamed” the masses, to the point where violent responses to growing economic inequality are no longer likely. One wonders what that person must think of the millions marching in the streets of Paris in response to a brutal attack on Charlie Hebdo, or the hundreds of thousands marching in streets across the world seeking change in the world’s financial system. These demonstrators might not carry rudimentary weapons like pitchforks, it’s true, but on the other hand, armed with smartphones, websites, petitions, cameras, and powerful texting abilities has meant that they can actually enter into the consciousness of the world in ways never seen…

Pitchfork Democracy

Posted on January 27, 2015

THE DAVOS MEETINGS HAVE CONCLUDED AND, as always, we await the results. Warnings were coming from everywhere prior to the exclusive sessions – possible recessions, the lowering price of oil, global inequality. But as far back as last summer, one of those in the world’s most elite financial club was already sounding the alarm at various levels. Nick Hanauer helped launch 30 businesses, including Amazon, owns a bank, his own plane, a huge yacht, and qualifies, not as a member of the 1%, but of the .01%. He says that one of his keenest strengths is to possess a kind of instinctive sense of what the future will bring. What is his sense picking up now? “I see pitchforks,” he states confidently. “Our problem is…

Experience: The Lifeblood of Leadership

Posted on January 8, 2015

SHE DIDN’T START OUT WITH HER PRESENT position, but where she has ended up has placed her at the epicentre of the political/economic debate in America. In 1978, Congress had passed a law making it easier for individuals and companies to declare bankruptcy. It had upset Elizabeth Warren and so she, “set out to prove they were all a bunch of cheaters and that those declaring bankruptcy should be exposed, “because they were just taking advantage of the rest of us.” She was smart, shrewd, and had research assistants to prove her case. The problem was, she was wrong. The research revealed that the vast majority of those in bankruptcy courts were from hardworking middle-class families, or from small businesses, who had their life savings…

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