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General News    H4'ed 3/8/12

The Left Forum: Monopoly, the Land Bubble and the Financial Crisis. Tactics to Fight the 1%

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From The Pace University Left Forum site:
"A unique phenomenon in the U.S. and the world, Left Forum convenes the largest annual conference of a broad spectrum of left and progressive intellectuals, activists, academics, organizations and the interested public. Conference participants come together to engage a wide range of critical perspectives on the world, to discuss differences, commonalities, and alternatives to current predicaments, and to share ideas for understanding and transforming the world. The conference is held each spring in New York City."

Local Georgist Activist group, Common Ground-NYC is sponsoring the following event:
Monopoly, the Land Bubble and the Financial Crisis. Tactics to Fight the 1%.

Toxic Mortgages, Ultra-leveraged derivatives, CDOs, SIVs, Liar Loans -- these are just a few of the ways in which the 1% siphons money from the 99%, with the help of sycophant legislators, regulators, and other groups that are supposed to protect consumers and keep things fair. Tax policies now favor speculation over working. From this, and the banks' ability to create money from nothing, a Land Bubble inevitably follows, as does a collapse. To "save the system," the FRB bailed out the financial institutions with, as one retired Fed official put it, "liquidity on steroids" -- recently reportedly cumulatively totaling $29 Trillion! But, beneath all the derivatives and the alphabet soup of investment vehicles lies a critical failure of capitalism: the unearned ability of the rentier class to monopolize natural resources and location. With the 1%'s monopoly on what's vital for survival, the 99% has no choice but to pay all that remains after bare needs are met. In order to create a just society, monopolies must be taxed, including the value of their holdings of prime locations and natural resources. This would free up the Commons, decrease corruption, expand opportunities, reduce poverty, and give true productivity power back to the 99%! But how? Attend a panel discussion led by business, legislative, and academic experts to learn how to create a sane and sustainable model that rewards work and true innovation, not speculation and monopoly.

Panel Topics: 
Political Economy And The Current Crisis
U.S. Politics

Chair: Dr. Cay Hehner - Former Director, Henry George School


Dr. Michael Hudson - Economist, Author

Andrew Mazzone - Teacher at the Henry George School, former president of CEO Fortune 500 company

Dave Kelley - Economic Adviser to Dennis Kucinich

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:

Scott is a former and current President of Common Ground-NY (, a Geoist/Georgist activist group. He has written dozens of (more...)

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