Economy/Economics

The American Dream: Designed by War Planners

It is wrong to believe that postwar American suburbanization prevailed because the public chose it… Suburbanization prevailed because of the decisions of large operators and powerful economic institutions supported by federal government programmes… ordinary consumers had little real choice in the basic pattern that resulted… Essentially city planners saw the atomic threat as a means to accelerate the trend of suburbanization.

An Election Fit for a Lunatic Asylum

After the election every Westminster politician will have to come and face the reality of the electorate’s judgment.  There is no disrespect or disgrace in any politician coming to terms with the democratically expressed position of the electorate.  All politicians, those of us who are lucky enough to be elected, chosen by the people, will try to do their best as they see it in the interests of the people who elected them.
— Alex Salmond, ex-First Minister of Scottish Parliament, now running for a seat in Westminster

Money Matters

It’s very reassuring that more people are slowly learning how our monetary system really works: if you want to fix something, you need to know a bit about it. The indefatigable Ellen Brown has been hugely helpful in this regard with her regular well-informed and easy-to-read articles that relentlessly confront the myths of capitalist monetary theory.

Time to Abolish Capitalism and Cultivate Socialism

The 1923 publication of Selections from the Writings of Kierkegaard contains a brief statement, one that today’s curious seekers and revolutionaries might entertain. “Not only in the world of commerce,” writes Søren Kierkegaard, the father of existentialist thought, “but also in the world of ideas our age has arranged a regular clearance-sale.” Of course, to claim that ideas exist on the market like everything else in a “world of commerce” is not to pinpoint a truth, but rather, to invoke a metaphor.

Ukraine’s Tanking Economy

On Tuesday April 7th, Ukravtoprome (the Ukrainian Association of Automobile Manufacturers) reported that, in the three-month period January-March 2015, as compared to the same three months of 2014, production of passenger cars plunged 96%, commercial vehicles 23%, buses 43%, for an overall decline of 92%.
In March alone, as compared to March 2014, passenger-car production plunged 94.3%, commercial vehicles fell 31%. The figure for buses was not shown.