The Economic Crisis - Infographics


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A presentation of infographics and visualisations that expose the dynamics of the global economic crisis.

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The Economic Crisis - Infographics

  1. 1. EXPOSE THE 1%“The scale of the support currentlyprovided to UK banks has fallen from apeak of £955 billion to £512 billion, butthe amount of cash currently borrowedby the Government to support banks INSPIRATION:has risen by £7 billion since December2009. It is likely the taxpayer will beproviding support for years to come.” INFOGRAPHICS TO UNDERSTAND NATIONAL AUDIT OFFICE THE FINANCIAL CRISIS INSPIRATION:The financial crisis of 2008 can be seen asthe symbolic end of neo-liberalism. For 30years previously, finance, big business and the THEY RULE- A SITE THAT ALLOWS YOU TOmarket were to run everything in society. The MAP, VISUALISE, RESEARCH AND SHARE THEunquestioned dogma was high profits = wealth visualizations-and-infographics-to-creation = increasing societal well-being. The CONNECTIONS IN THE US RULING CLASSillusion of stability came to an abrupt end whenthe reckless finance crisis of 2008 brought the understand-the-financial-crisis/ http://www.theyrule.networld to its knees. The UK, for instance, wastwo days away from the cash machines runningdry. The banks were bailed out and this bill hasnow been imposed on taxpayers. The 99% willfeel the impact of this crisis for decades.One how is organisation to exploit so successfullyBut single the 1% able is to more to blamethanrest of society?banker or politicianthe any individualfor the financial crisis. One organizationis largely responsible for the corruption havePart of the problem is that most peoplein ouror no idea howeconomic system. Onelittle dysfunctional global finance works,organization functions as a lobby group onhidden behind descriptions deliberatelysteroids at the heart of our political swaps’,designed to confuse: ‘credit default life.This one organization is the City of London‘asset backed securities’, ‘derivatives’,Corporation. A recent report fromcompletely‘private finance initiatives’ this is the Centrefor Research of Socio-Cultural Change the City of London Corp., acting with thepower of a city the financial system look like?But what does state, shaped a thirty-yearsettlement. The deal gave financial institutionsWhat social relationships does it promote orin the CityHow can we show this and explain itrestrict? of London freedom from regulationin return for theyresulting tax revenue being asto people so the do understand and can actploughed into public sector employment in ex-informed citizens?industrial areas. Typically, the City of LondonCorp. andto expose the actions of theregulationWe need the banks used the lack of 1%, and weand the design is apower they won with thisso.believe enormous powerful weapon to doagreement to vastly increase profits – whilenot fulfilling their own side of the bargain.THE BRIEF:There is clear evidence that the tax revenueWe want your visualizations and illustrations INSPIRATION: The Crises of Capitalism with David Harveybenefits from financial services have system,of Finance, The City and the Banking beengrossly exaggerated. The City remains a majorthey can be in any format from a poster to an Source: RSA Animate. Cognitive Media – in lobbyingor any other way you think isinteractive map for financial institutions tocontinue to remain unregulatedhelp theget itsappropriate, but the goal is to (i.e. to 99%side of the bargaincomplex but importantto understand the in the settlement).processes of finance that are affecting every MORE INFOGRAPHIC INSPIRATION: FURTHER RESEARCH ON THE CITY:The Cityof our lives.aspect lobbyists undermine the democratic - FlowingDatawill of the British people. The City culture of pCentre for Research of Socio-Cultural Change report - bonuses andand info:More resources light regulation is inherently pNational Audit Office report on public funding of banks - as the rest of the UK suffers http://www.theyrule.netthe consequences of extreme austerity – pGuardian newspaper articlescaused by August 31st The City of LondonDEADLINE: the banks!, through its consistent pressureSEND LINKS/WORK TO: deregulate the sector, is largely the financial crisis in the UK. pCampaignsThe City of London owes us. - The Crisis of Credit Visualised - - - http://www.banktrack.orgThe City of London needs a debrand. - RSA’s ‘The Crises of Capitalism’ with David Harvey - - -
  2. 2. The Crises of Capitalism with David Harvey. Source: RSA Animate. Cognitive Media
  3. 3. Source: Jonathan Jarvis for Good Magazine.
  4. 4. Source: Jonathan Jarvis for Good Magazine.
  5. 5. Capitalism is a Pyramid Scheme. In Work. Source: CrimethInc. Workers’ Collective and Packard Jennings.
  6. 6. CWC Books : Work, capitalism . economics . resistance 16/09/2012 09:48 $10.00 books: Days of War . Expect Resistance . Work . Recipes for Disaster . Letters | journal | texts | tools | movies | store | blog | about After so much technological progress, why do we have to work more than ever before? How is it that the harder we work, the poorer we end up compared to our bosses? When the $10 economy crashes, why do people focus on protecting their jobs when no one likes working in the first place? Can capitalism survive another century of crises? Add to Cart [Wholesale copies are $5 each] Our newest book, entitled Work, addresses these questions and a great many more. To answer them, we had to revisit our previous analysis of employment and develop a more Works companion poster with our new nuanced understanding of the economy. We spent months studying obscure history and image of the capitalist pyramid is available comparing notes about how we experience exploitation in our daily lives, slowly hammering both in bulk and premium versions. out a grand unified theory of contemporary capitalism. In addition to distilling our findings in this book, we’ve also prepared a poster to diagram the system it describes. The poster is based on the classic illustration of the pyramid of the capitalist system published in the Industrial Worker in 1911. With the assistance of Packard Jennings, we’ve created a new version, much more detailed than the original and updated to account for all the transformations of the past one hundred years. In combination, the book and poster explore the positions we occupy within this pyramid and the mechanics that maintain it. From the industrial revolution to the internet, from the colonization of the Americas to the explosion of the service sector and the stock market, from the 2008 financial crisis to the upheavals taking place right now across the globe, Work offers an overview of how capitalism functions in the 21st century and what we can do to get beyond it. TECH SPECS Size: 4.75" x 7.5" x .8125" Pages: 378 + cover Weight: 13.7 ounces Words: 66,507 Ink: Four colors with foil stamp Illustrations: 106 on cover, and two colors (black Photographs: 52 and spring green) with full bleeds throughout. Binding: Otabind w/ PUR glue CONTENTS I. The Occupation i. Work ii. The Economy Schemata: What It Is Shifting Terrain The Metropolis Positions: Where We Are At the Top Magnates Politicians Bosses Superstars Professionals Middle Management Self-Employment Factory Workers Students The Service Industry Domestic Labor The Sex Industry Police and Military Migrant Labor Prisoners Unemployment and Homelessness Outside the Market Animals, Plants, Minerals Mechanics: How It Works Production Consumption Media Bodies and Simulacra Finance Investment Debt Page 1 of 2Capitalism is a Pyramid Scheme. In Work. Poster included with book is based on the classic illustration of the pyramid of the capitalist system published in the Industrial Worker in 1911. Source: CrimethInc. Workers’ Collective and Packard Jennings.
  7. 7. Antri-Castro Bay of Pigs Veteran. 7th edition in Global Networks. Source: © Mark Lombardi 1999
  8. 8. Source: Transnational Institute
  9. 9. Source: Transnational Institute
  10. 10. Source: Transnational Institute
  11. 11. Source: Rainforest Action Network
  12. 12. Source: David McCandless
  13. 13. Source: David McCandless
  14. 14. World land grabLand purchased by government andprivate companies from each country,where areas are known Total area purchased by country Countries in which land has been purchased 270,000 ha 80,400 ha in Mongolia in Russia 7,000 ha in Kazakhstan S Korea owns Saudi Arabia owns 2,306,000 ha 216,862 ha in US 1,610,117 ha China owns Japan owns 2,090,796 ha 324,262 ha 1,500 ha in Algeria 1,600 ha in Egypt 900,000 ha in Pakistan India 100 ha in China 10,117 ha 1,050 ha in Sudan in Mexico 5,000 ha 700,000 ha in Cuba 378,000 ha in Laos in Sudan UAE owns 1,240,000 ha 690,000 ha 1,282,500 ha in Phillipines in Sudan 3,000 ha 10,00 ha in Phillipines in Cameroon 4,046 ha in Uganda 100,000 ha 300 ha 25,000 ha 1,600,000 ha in Brazil in Tanzania in Indonesia in Indonesia 1,300,000 ha India owns in Madagascar 10,000 ha 43,000 ha in Paraguay in Australia 21,000 ha in Argentina 5,700 ha in New ZealandSOURCE: GRAIN.ORGWorld Land Grab. Source: The Guardian
  15. 15. REUTERS REUTERS UNITED STATES: REAL ECONOMY AND FINANCIAL SECTOR UNITED STATES: REAL ECONOMY AND FINANCIAL SECTOR INDEX BASE 1952 = 100 INDEX BASE 1952 = 100 14000 25000 12000 20000 10000 15000 8000 6000 10000 4000 5000 2000 0 0 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 Real Economy (Nominal GDP) Private Sector Indebtedness Public Sector Indebtedness Real Economy (Nominal GDP) Financial Sector (Total Credit Market Debt Outstanding)Source: Bureau of Economic Analysis (NIPA Table 1.1.5) and Federal Reserve System (Flow of Funds Accounts Table L.1) Printed: 19/01/2009 Source: Bureau of Economic Analysis (NIPA Table 1.1.5) and Federal Reserve System (Flow of Funds Accounts Table L.1) Printed: 19/01/2009
  16. 16. Interesting and important data - but what is wrong with this visualisation?Financial Markets 1990 - 2010. Source: Handelsblatt
  17. 17. World GDP vs Speculative Markets 1990 World GDP = 22 trillion $ Forex Market = 147 trillion $ Value of traded shares and bonds = 9 trillion $ Derivatives traded off-market = 2 trillion $World GDP vs Speculative Markets 2010 World GDP = 63 trillion $Total Value of Capital Markets Value of traded shares and bonds = 87 trillion $Forex Market = 955 trillion $ Derivatives traded off-market = 601 trillion $
  18. 18. Money as Debt: Paul Grignon
  19. 19. THE DEBT RESISTORS OPERATIONS MANUALThe Debt Resistor’s Operations Manual: Occupy Wall Street
  20. 20. The Steady State Economy. Perhaps not a solution, but a step towards balancing economic and ecological priorities. THE STEADY-STATE ECONOMY d in our Steady-State economy we have two guiding p © 2009 Angela Morelli for | Source: Life in a land without growth News Scientist Magazine Issue 2678 an rin It is 2020 A Totem of Real Happiness ciples. It is 2020, and we are a decade into a huge experiment in 2020 which we are trying to convert our planet to a sustainable or "steady-state" economy. We have two guiding principles: we dont use natural resources faster than they can be replen- We dont deposit wastes fa ished by the planet, and we dont deposit wastes faster than han they can be replenished. rt st they can be absorbed. t use natural resources aste er t Ten years down the line, the sacrifices we have made have han they can be absorbed f been less onerous than we feared they might be. We have Resource Use Rate: Waste Deposit Rate: escaped the doomed model of economic growth, and no one CONSUMTPION EMISSIONS is worse off. Its even possible that we have all become a little bit happier, and its good to know that now our grand- children have a chance of a better life too. 0 CpH 0 EpH CpH EpH n . We do Science Economy ble. Thro na tai gh mption and emission are sus u economy we work out how to su a ugh science we work out what levels of con ch ieve these limits in the most efficient way. C E Sustainabilty Range Sustainabilty Range ro Th We u s et wo main mechanisms to achieve this. Mechanism 1: We cap resources. Mechanism 2: We tax resources. There is a fixed number of Emission Permits. We TAX resources at the point they are exploited. 1 2 3 4 5 T T T T T T T T T T 6 7 8 9 10 T T T T T 1 6 9 2 7 10 PRICES WASTES EFFICIENCY 3 8 4 5 Companies can only exchange Emission Permits. We use resources sparingly as taxes raise their price. Fair limits to inequality. Eco-effectiveness. Lower impact lives. New financial systems. In a Steady-State Economy the highest income is no Growth is allowed within the limits set by ecologists. We develop new models of ownership. We can lease Finance is not built around ‘bubbles’ and expectations more than 30 times the lowest income. rather than buy products; one owner is responsible of future growth. for maintaining the product and then recycles it. HIGHEST INCOME LOWEST INCOME 30x Efficiency increases. Developments in technology allow us to get more and more out of the resources we have. Example: T $ We gradually raise the percentage of money deposited Co2 that banks are required to keep in reserve. FACTOR OF INCOME RANGE FACTOR from PLATO to THE STEADY STATE ECONOMY Introduction of a Tax on Co2 Emissions makes petrol fuelled travel very expensive. This limits car journeys, Products are built to last. Maintenance and repair are a Plato’s vision 4 much more important source of employment than ever before, as are science and technology. Universities, Civil Sevices 20 and The Military and triggers investments in public transport and in the We move to a culture in which you have to save money US corporate sector before technology required to run vehicles on renewable energy. before you can lend or invest it. 500 the Steady-State Economy 2020: towards a steady-state 100 economy The steady-state economy 30The Steady-State Economy: EcoLabs and Angela Morelli
  21. 21. ATTAC.TV - Financialization of Nature. Source: ATTAC.TV : Paul GrignonATTAC.TV - Financialization of Nature. Source: ATTAC.TV