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Memory and Myth in Economic Policymaking

Memory and Myth in Economic Policymaking

The real world is quite complicated. We make sense of it for the purposes of assessing policies by using the shorthand incorporated in accepted myths and memories. For instance, James W. Loewen explains how the many “facts” that can be brought to bear to explain the Civil War have been condensed into a myth that the Confederacy was about protecting states’ rights and intersectional differences over policies from an overpowering federal government. This myth, or the sense of memory that most Americans have in understanding the Civil War, of course masks the racism inherent in most right-wing extremism in the United States today. That “memory” of the Civil War lets people look past the racism of Donald Trump, to interpret him as heir to that stream of Americana of someone who bravely battles the meddling federal government in Washington.

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New 'Responsible Investor Handbook' Shows How Union Members’ Pension Plans Create Jobs

New 'Responsible Investor Handbook' Shows How Union Members’ Pension Plans Create Jobs

This week, the AFL-CIO Executive Council received a new publication, The Responsible Investor Handbook: Mobilizing Workers’ Capital for a Sustainable World. Authored by Thomas Croft and Annie Malhotra of Heartland Capital Strategies, the handbook documents how union members’ pension plans helped pioneer the responsible investing movement. Today, investors with more than $60 trillion in assets globally have become signatories to the U.N. Principles for Responsible Investment.

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