2012/11/12 Minutes Economics Working Group

Economics’s Docs 2012/11/12 Minutes Economics Working Group

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2012/11/12 Minutes Economics Working Group
EWG Meeting 12th Nov 2012 – minutes Dave, Nelio, Mike, Schrapp, Ellena, Janos, Steve, Alastair, Clive Apologies: Tim, Peter 1. Putney debates: 1.1 Saturday economics session Inequality, Tax havens, citizens income and capitalism; good interaction in spite of low attendance due to lack of publicity; in future posters etc. need to be ready well in advance. 1.2 Socially Responsible Banking (500-700 people) – good turnout; possibly due to offline publicity and Andy Haldane pulling power. Open question as to whether the existing banking reforms are sufficient; calibre of questions gave him a lot of food thought; Haldane said incentive structure was to blame; didn't respond adequately to the questions; builds on Mervyn King's previous speech saying banks under-capitalised; did draw good publicity for Occupy and email contact details for the attendees. 1.3 Housing debate; Whitty report was balanced and well received; wide agreement over need for public housing and separating location value from private gain; squatting rights; importance of design. Noted that employment opportunities or loss of them can distort the housing market and leave properties unused. 1.4 Richard Murphy; tax fraud based on his latest book, Courageous State; personal story – used to struggle to be heard and now he's in demand; shame it was a relatively small audience 1.5 New Economy – Nelio questioned the importance of money in the capitalist system – doesn't see it as the main problem – referred to painting over cracks in the wall. Feedback said event enjoyable; some got it conceptually but it needs more work; 2. Commoning event on Sunday and the Capitalism is Crisis meeting were both well received; 3. Prof. Geoffrey Golden – PRIME dispute resolution between counter-parties; agreed a more robust financial criminal court is needed. 4. Potential topic for Friday's themed discussion, Dave to pursue: Linda WTO, trade agreements and their impact on wages and employment conditions globally; Julie - environment and economics (low growth); future Nelio - degradation of labour; Tommas Graves – LVT (Clive to talk to him). 5. Mike is working on a strategy outline for Occupy to make maximum use of the names collected over the Putney debates; Friday 7th December presentation or discussion planned with projector screen and internet connection; wider participation to plan for occupy's future; Friern Barnet Library - GA? Letter of thanks due to Quakers could be amenable? Dave will liaise with others re: Friends Meeting House and pass contact details on to Mike. 6. GIRO bank – no progress to date; 7. Roadmap – in progress 8. LBOI - 9. Website development – Vica and Mike to liaise 10. Localism Act – ongoing; 11. Schrapp: box to go banks walls with Occupy information therein – written proposal to be submitted; 12. Next meeting Friday 16th November 2012 at Friends Meeting House, Euston 5-7pm; theme to be agreed

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April 20, 2013 at 12:50 pm Vica
April 20, 2013 at 12:49 pm Clive Menzies
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