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Tag Archives: capitalism
Riots in Athens: EU’s Impending Collapse?
Riots in Athens: EU’s Impending Collapse? People move events. The Greek people are trying to shape their own history. They aren’t there yet—even the Left hasn’t quite joined them. But a coalescence of forces is on the horizon: either Syriza radicalizes or it will be left behind. Capitalism by its very harshness is creating its […]
When Capitalism Turns to Cannibalism
When Capitalism Turns to Cannibalism With authentic growth scarce, there’s no other way to reap huge profits but cannibalism. When people say “capitalism has failed” or “capitalism has succeeded,” we have to ask: what type of capitalism do you mean? Authentic capitalism, in which capital is placed at risk to earn a return in a competitive, […]
How Fascist Capitalism Functions: The Case of Greece
How Fascist Capitalism Functions: The Case of Greece There is democratic capitalism, and there is fascist capitalism. What we have today is fascist capitalism; and the following will explain how it works, using as an example the case of Greece. Mark Whitehouse at Bloomberg headlined on 27 June 2015, “If Greece Defaults, Europe’s Taxpayers Lose,” and presented […]
Capitalism Has Devolved Into Looting
Capitalism Has Devolved Into Looting In the Western World Capitalism Has Devolved Into Looting …when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that […]
Collapsing CDS Market Will Lead To Global Bond Market Margin Call
Collapsing CDS Market Will Lead To Global Bond Market Margin Call As Zero Hedge previously noted, liquidity is there when you don’t need it, and it promptly disappears once it is in demand. Consider it “cocktease capitalism.” If liquidity lasts longer than 4 hours, call the CFTC because you may be experiencing a spoof. Right now, the ultimate spoof […]
The Futility of Our Global Monetary Experiment
The Futility of Our Global Monetary Experiment Jeff Deist: The Fed recently announced just this past week that it would not use specific dates for targeting higher Fed funds rate this year and you almost get the sense that poor Janet Yellen is at the end of this Greenspan-Bernanke experiment and there’s not much left […]
March Toward Global War
March Toward Global War Obama = McCarthy + Dulles Brothers The New York Times (NYT) is a trusted source of Administration thinking, particularly in foreign policy, more, an uncanny, sensitive barometer of deep-lying structural-military-diplomatic events which are presently culminating, beyond the New Cold War brewing since Clinton’s international posture in Europe and the Pacific, in […]
Memo to the Fed and its Media Tool Hilsenrath: We’re Not Here to Enrich Your Corporate Cronies
Memo to the Fed and its Media Tool Hilsenrath: We’re Not Here to Enrich Your Corporate Cronies Memo to the Fed: you are the enemy of the middle class, capitalism and the nation. The Federal Reserve is appalled that we’re not spending enough to further inflate the value of its corporate and banking cronies. In the […]
Inspiration For the Burned-Out Localizer
Richard Heinberg wants you to “learn to be successfully and happily poorer.” Photo: video screenshot. Inspiration For the Burned-Out Localizer While Marx predicted that socialism would follow capitalism, Richard Heinberg predicts the next thing will be localism. “All roads appear to lead eventually to localism; the questions are: how and when shall we arrive there, and […]
This Time is Different
This Time is Different For years, I have warned that we will face our worst nightmare – the collapse of socialism. In the death throes of this abomination that even the Ten Commandments listed as a serious sin, equal to “thou shalt not kill”, government will become the ugly beast that will devour society to retain […]
The Regulatory State – Central Planning and Bureaucracy on a Rampage
The Regulatory State – Central Planning and Bureaucracy on a Rampage The New 10,000 Commandments Report – It’s Worse than Ever Before we begin, we should mention that the US economy has long been one of the least regulated among the major regulatory States of the so-called “free” world, and to a large extent this […]
The problem isn’t overproduction; it’s malinvestment
The problem isn’t overproduction; it’s malinvestment Mr. Max Ehrendfreund, writing in the Washington Post’s Wonkblog, believes that he has discovered something new: that the world is producing too much and doesn’t know what to do with it. His solution, of course, is to confiscate the overproduced products, such as oil and cotton, from its rightful owners and […]
Our Financial Future: Infinite Greed Meets a Funny Thing Called Karma
Our Financial Future: Infinite Greed Meets a Funny Thing Called Karma All those angered by the mere question of the viability of this predatory pillaging in the name of capitalism are incapable of even admitting this cultural crisis exists. Somewhere along the line, we lost the ability to distinguish between earning a profit and maximizing private gain by […]
A Mountain of Debt and no Growth
A Mountain of Debt and no Growth Too Many Geezers So far, we’ve proposed two reasons why the 21st century has been such a dud … First … the developed nations are cursed with too many geezers. We have nothing against old people (especially as we hope to be one ourselves all too soon). But […]
The Oceans Are Dying
The Oceans Are Dying I am an admirer of Dahr Jamail’s reporting. In this article, Oceans In Crisis, Jamail tells us that we are losing the oceans. http://truth-out.org/news/item/29930-oceans-in-crisis-one-woman-will-cross-the-pacific-to-raise-awareness He reports on the human destruction of the oceans. It is a real destruction with far-reaching consequences. That fact is indisputable. From my perspective the human destruction of the […]
