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Tag Archives: globalization
Twenty-First-Century Fascism
Twenty-First-Century Fascism Globalization of trade and central banking has propelled private corporations to positions of power and control never before seen in human history. Under advanced capitalism, the structural demands for a return on investment require an unending expansion of centralized capital in the hands of fewer and fewer people. The financial center of global […]
Globalized Crisis
Globalized Crisis If there is a bright side to the turmoil that has roiled the global economy since 2008, it is that not every part of the world has erupted simultaneously. The first blow was the subprime mortgage crisis in the United States, to which Europeans responded with self-satisfied reflections on the superior resilience of […]
We are all Greece
We are all Greece The cast of heroes and villains in Greece’s ongoing battle to save its economy varies depending on who’s telling the story. One simplified narrative depicts the German people as rich and callous overlords inflicting hardship on the downtrodden Greeks. The austerity measures they insist upon are essentially meant to punish the […]
BP Data Suggests We Are Reaching Peak Energy Demand
BP Data Suggests We Are Reaching Peak Energy Demand Some people talk about peak energy (or oil) supply. They expect high prices and more demand than supply. Other people talk about energy demand hitting a peak many years from now, perhaps when most of us have electric cars. Neither of these views is correct. The real situation […]
Six Tough Questions about the China Trade Deal
Six Tough Questions about the China Trade Deal Gus Van Harten, author of ‘Sold Down the Yangtze,’ breaks down the FIPA’s impacts. In his new book, Sold Down the Yangtze, trade law expert and Osgoode law professor Gus Van Harten takes apart the Foreign Investment Promotion and Protection Agreement (FIPA) with China, detailing how he perceives […]
Richard Duncan: The Real Risk Of A Coming Multi-Decade Global Depression
Richard Duncan: The Real Risk Of A Coming Multi-Decade Global Depression One that unwinds the past 50 years of globalization Richard Duncan, author of The Dollar Crisis and The New Depression: The Breakdown Of The Paper Money Economy, isn’t mincing words about the risks he sees ahead for the world economy. Essentially, he sees the past 50 years […]
Organizing Against Tyranny
Organizing Against Tyranny My work and my thoughts lately have turned toward a now constant focus on the concepts of organization, more in respect to underlying philosophy rather than hard, fast rules and structures. If you are one of the slithering acolytes of political theory elitist Saul Alinsky (and you haven’t felt the inclination to […]
The Only Road Out Of Davos
The Only Road Out Of Davos After 6+ (BIG +) years of deepening poverty and rising stock markets, of creative accounting, of QE and ultralow interest rates, of extend and pretend and outright propaganda and of what have you, all of which have led us to where we are today, facing yet more rounds of […]
This Has Utterly Corrupted Our Economy |
This Has Utterly Corrupted Our Economy |. The Power of Simple Ideas … Not much market action on Wednesday. The Dow was flat. Gold was flat. TV screens are flat. Some singers are flat. Cakes come out flat. Tires go flat. Prizefighters are laid out flat. Dead men, too. Sooner or later, we all go […]
charles hugh smith-Globalization = Permanent Instability
charles hugh smith-Globalization = Permanent Instability. Globalization continually creates imbalances that fuel a perpetual instability that gradually impoverishes every sector other than global capital. Globalization has two guaranteed consequences: permanent instability and endless boom-and-bust cycles. As noted in Forget “Free Trade”–Focus on Capital Flows, the key engine of globalization is mobile capital: capital that can borrow money for […]
charles hugh smith-Forget “Free Trade”–Focus on Capital Flows
charles hugh smith-Forget “Free Trade”–Focus on Capital Flows. In a world dominated by mobile capital, mobile capital is the comparative advantage. Defenders and critics of “free trade” and globalization tend to present the issue as either/or: it’s inherently good or bad. In the real world, it’s not that simple. The confusion starts with defining free trade (and […]
