markets

New-liberal Capitalism

In science, a theory is abandoned or substantially modified if it does not concur with the emerging facts, fails to predict important events, or is contradicted by experiments. That, alas, does not seem to apply to economic theories.
Free-market (neo-liberal) capitalism has been the dominant type of capitalism for the last three decades; it failed spectacularly to predict the 2008 global economic crash, the second largest economic crisis in history, after the great depression.

Corporate Globalisation in 2013

It seems we in the west no longer believe in ourselves, and our capacity to generate prosperity for all. Is this surprising given the dismal state of the European and American economies? In other words, since the 2008 financial crash people around the world but especially in Europe and America, don’t see the future as being any better for the next generation. There is a loss of trust in the system itself it seems. In this sense 2013 is the year Globalisation has gone bust.

Fracking, Pungesti, and the Destruction of European Democracy

There’s new growth forest covering the hill, maybe fifty years old, and it’s denseness is the only theoretical escape from riot cops, its cover the only consistent break in their line of sight. Everthing else is just plowed fields. Pungesti is the first target for Chevron’s nation wide fracking attack on the Romanian water supply, and the site is just 500 meters away from the village.

Dog-eat-Dog Smile — The Twenty Percent Want their Money and Cake, Too

Here it is, really – the bold-two/faced lie of the liberal class, the 19 percenters holding up their share of the pain for the rest of us. We make paltry livings and have zero benefits. We see the cuts to food assistance, see the massive funding of transfinancials through our hard-earned work. We see the dumbdowning of America, the dog-eat-dog reality of these rabid souls. You can name them in your nightmares, or see them on Charlie Rose.

The Logic behind Mass Spying: Empire and Cyber Imperialism

Revelations about the long-term global, intrusive spying by the US National Security Agency (NSA) and other allied intelligence apparatuses have provoked widespread protests and indignation and threatened ties between erstwhile imperial allies.
Allied regimes have uniformly condemned NSA espionage as a violation of trust and sovereignty, a threat to their national and economic security and to their citizens’ privacy.