Robert Brenner: A Marxist explanation for the current capitalist economic crisis Robert Brenner. Marxist economist Robert Brenner was interviewed by Seongjin Jeong for Hankyoreh, one of South Korea’s leading daily newspapers. The interview was published on January 22, 2009. Seongjin Jeong: Most media and analysts label the current crisis as a ``financial crisis''. US Debt Ceiling Visualized: Stacked in $100 dollar bills @ $16.394 Trillion Dollars $122,100,000,000,000. - US unfunded liabilities by Dec 31, 2012. Abovet you can see the pillar of cold hard $100 bills that dwarfs the WTC & Empire State Building - both at one point world's tallest buildings. If you look carefully you can see the Statue of Liberty. The 122.1 Trillion dollar super-skyscraper wall is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions.
LIVE from the NYPL & The Aspen Institute Present: Capitalism and the Future What will the American economic system look like in the months and years ahead? Who are the innovators currently shaping the future? And what will be the role of business in that future? Revealed – the capitalist network that runs the world PLoS One By Andy Coghlan and Debora MacKenzie AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters’ worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy. From crisis to crisis: can capitalism survive? Part I: Can Capitalism Survive? Part II: Details Proliferate, Structure Abides Can capitalism survive? “No,” argued two of the system’s most astute observers, “it cannot.”
On The Trail Of Dubai's Stolen Gold: A Robbed Client Breaks The Silence, And A Fascinating Detail Emerges On Christmas Day, 2015, we told our readers the fascinating tale about the Turkish-Iranian gold smuggling ring - perhaps the biggest and most brazen in history, one which lasted for years, which saw billions in gold transported out of Turkey and into Iran to allow Tehran to circumvent the western financial sanctions using gold as a medium for bater, and which was all made possible thanks to the tiny Emirate of Dubai. What made this particular instance of gold smuggling especially memorable is that it reached to the very political top in both Turkey, and Iran, and Dubai. Here, for those who missed it the first time, is the letter that Gold.A.E.'s stunned clients received in late December:
Testimony of Marriner Eccles to the Committee on the Investigation of Economic Problems in 1933 to the Senate Committee on the Investigation of Economic Problems in 1933. It is an historic document – laying out the future terms of the Federal Deposit Insurance Corporation, the management of money supply nationally through open market operations, the Bretton Woods Accord on currency stability, mortgage refinancing as monetary stimulus, and reforms of the Federal Reserve System to eradicate the excesses of untamed capitalism and financial dominance of Wall Street. He proposes higher income and inheritance taxes as essential to promote economic growth, curb inequality and forestall political instability.
Brazil, like Russia, under attack by Hybrid War — RT Op-Edge Pepe Escobar is an independent geopolitical analyst. He writes for RT, Sputnik and TomDispatch, and is a frequent contributor to websites and radio and TV shows ranging from the US to East Asia. He is the former roving correspondent for Asia Times Online. Born in Brazil, he's been a foreign correspondent since 1985, and has lived in London, Paris, Milan, Los Angeles, Washington, Bangkok and Hong Kong. How to Fix Money and Banking System - Positive Money Proposals What We Need We’ve spent the last four years researching the problems caused by the current debt-based monetary system and how to fix them. This is what we think needs to change to fix our broken money system:
Harold Meyerson - Building a Better Capitalism So what kind of capitalism shall we craft? Now that the market fundamentalism to which we've adhered for the past 30 years has -- by its own criterion of increasing shareholder value -- totally failed? Now that Alan Greenspan has proclaimed himself "shocked" that "the self-interest of lending institutions to protect shareholders' equity" proved to be an illusion? Larry Summers, President Obama's senior economic adviser, cautioned in an interview in Monday's Financial Times against heeding "those who, just as in the 1930s, tried to learn the lesson that market capitalism didn't work and needed to be replaced with an entirely different model." But no one is suggesting an entirely new system. What we need -- and what we can build -- is a capitalism more attuned to our national concerns.
"A Total Game Changer" - From Over-Population To De-Population Submitted by Chris Hamilton via Hambone's Stuff blog, Strangely, the world is suffering from two seemingly opposite trends...overpopulation and depopulation in concert. The overpopulation is due to the increased longevity of elderly lifespans vs. depopulation of young populations due to collapsing birthrates. The depopulation is among most under 25yr old populations (except Africa) and among many under 45yr old populations. So, the old are living decades longer than a generation ago but their adult children are having far fewer children. The economics of this is a complete game changer and is unlike any time previously in the history of mankind.
Mike Konczal: '13 Bankers,' Financialization and the Real Economy How has financialization changed the real economy? James and Simon do an excellent job tracing the history of the conflict between the financial sector and the government in their book "13 Bankers." They do this history in two dimensions: first as a history of the United States' complicated relationship with the financial sector and large, concentrated banks, and second as a cross-section of the world in the late 1990s and early 21st century.
Mutation of Medieval Feudalism Into Modern Corporate Capitalism: The Rise of Neofeudalism in Corporate Governance... Feudalism is still alive and well in today’s modern corporate world, in spirit and intent… Question: What is the most enduring and stable system of economic and social order the world has ever known? It’s not capitalism, or socialism, or dictatorship: It’s feudalism… Feudalism was primary political system of the Middle Ages (9th to 15th Centuries). The system came about, for the most part, because the reigning king had two major woes; he couldn’t keep the people from rebelling and he couldn’t take care of all his land. In the article Modern Feudal State? by Aglaya writes: Feudalism is the system whereby political and economic power is held by a relatively small group of capital owners who permit their capital to be worked or used by the large majority of landless people for their subsistence.
A Capitalist’s Dilemma, Whoever Wins the Election Victo Ngai Clayton Christensen, author of “The Innovator’s Dilemma,” says the winner of the presidential election must face “the capitalist’s dilemma." In many ways, the answer won’t depend on who wins on Tuesday. Anyone who says otherwise is overstating the power of the American president.