Economy/Economics

Austerity Is Economically Illiterate and Morally Bankrupt

Following the economic crash of 2008, Tory governments have put cutting the budget deficit (the difference between what the government receives in taxes and what it spends) and reducing the national debt at the centre of their economic policy. Austerity, principally, was their method of doing that. That is cutting government spending on our vital services and additionally freezing public sector pay.

All Fire and Fury in Ukraine

A Shabby Deck of Political Cards
For those folks who haven’t seen Ukraine on Fire (UOF), the Oliver Stone-produced documentary on the on-going Ukrainian crisis, it is not overstating the case to say it’s an essential historical document and one of the most important, insightful political documentaries of recent times. It may also be one of the most portentous.

When Armistice Day and Remembrance Day Turned into War Day

Cognitive dissonance in Psychology
The psychological tension that occurs when one holds mutually exclusive beliefs or attitudes and that often motivates people to modify their thoughts or behaviors in order to reduce the tension.
Anxiety that results from simultaneously holding contradictory or incompatible attitudes, beliefs, or the like, as when one likes a person but disapproves of one of his or her habits.
Motivated Ignorance in Politics

Trump’s Trade War: Or De-Globalization?

President Trump’s bold ‘protectionist’ move of introducing import duties of 25% and 10% for steel and aluminum, respectively – and possibly more to come – may be more than just ‘populism’ and fulfilling a campaign promise. And why is the term ‘populism’ always used with a derogative slant? As if it was way below the intellect of those who deride it as addressing the thoughtless and primitive behavior by the people? Aren’t politicians supposed to work for the people?

No Matter What the Western Propaganda Says, Chinese Democracy is Alive and Well!

New huge wave of ‘China bashing’ is once again rolling from Europe and North America. Its water is filthy and murky. It tries to smear everything about the present Chinese system: from its own and unique democratic model, to its leadership, as well as the political, economic and social system.
I am periodically reminded that every year, just before China’s annual two sessions, there will be rising voices declaring that the People’s Congress play the role of rubber stamps, and China’s democracy can’t truly represent the people.

The Art of Healing: Looking Back but Never Conceding Space

Radical — a person who advocates thorough or complete political or social reform; a member of a political party or part of a party pursuing such aims.
• synonyms: revolutionary · progressive · reformer · revisionist · militant ·
• chemistry: a group of atoms behaving as a unit in a number of compounds.
See also free radical.
• the root or base form of a word.
• mathematics: a quantity forming or expressed as the root of another.

Venezuela: Revenge of the Mad-Dog Empire

Only in the world of comic-book fantasies is the United States a friend to the oppressed in Africa or anywhere else on the planet. In the real world, the U.S. is a predator, colonial/capitalist nation. But like the imagined nation of Wakanda, in the latest cultural assault on critical mass consciousness, “American exceptionalism” and “make America great again” – two slogans representing both sides of the imperialist coin, ruling class interests are obscured and the people are reduced to working against their objective interests and being accomplices to imperial lawlessness.

“US Foreign Policy is the Greatest Crime Since WWII,” former US Attorney General Ramsey Clark

Last week, the present US Secretary of State, Rex Tillerson, during his trip to five Latin American nations, made headlines world wide when he made the following barely veiled threatening statement: “In the history of Venezuela and South American countries, it is often times that the military is the agent of change when things are so bad, and the leadership can no longer serve the people.” and shortly afterward referring to the elected president of Venezuela, Nicolas Maduro, added: “If the kitchen gets a little to hot for him, I am sure that he’s got some friends over in Cuba that could giv