Orsola Costantini, senior economist at the Institute for New Economic Thinking, is the author of a new paper that exposes the disturbing history of how a budget approach cloaked in scientific and technical jargon became a tool to manipulate public opinion and serve the interests of the powerful. In the following conversation, she reveals how austerity has been sold to the public through a process that hurts the people, consolidates knowledge and power at the top and compromises democracy. As economic inequality reaches new heights and austerity programs are debated around the world (most recently, in Spain and Portugal), learn how a lie becomes a political and economic “truth." (This post originally appeared on the blog of the Institute for New Economic Thinking.)
Ever since Colorado legalized weed in 2012 people are seeing green—asking, “Where they should invest in the cannabis industry?” And, they’re right to ask. According to Arcview Market Research legal cannabis sales in 2015 reached close to $7 billion, and are predicting that the overall industry could be worth a whopping $22 billion by 2020, and is showing no signs of slowing down. This past November’s recent election favorably indicates the public’s growing acceptance of cannabis with voters in four states (California, Maine, Massachusetts, and Nevada) approving measures to fully legalize cannabis for adult use; while Arkansas, Florida, Montana and North Dakota adopted medical marijuana programs. Half of America live with some form of cannabis program within their state, whether it’s adult use or medical—and more than 60 million Americans can enjoy recreational weed.