Lesson 7: Écoute et répète By S. Artesian

28 January 2016 — The Wolf Report: Nonconfidential analysis for the anti-investor

Lesson 7: Écoute et répète

Not so long ago many were marveling at the “economic miracle” that was China.

Many noted China’s immense accumulation of foreign currency reserves, most of which were in dollars.

Many asserted that China’s outsize holdings of US Treasury debt instruments, and holdings of US government sponsored agencies debt, made China the banker for a declining, decaying, US capitalism that was parasitic not just upon the labor of workers inside and outside its borders but parasitic on the “emerging market” capitalisms– the BRICS– with China the biggest brick in the bloc.

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This is the Modern World, and… By S. Artesian

10 January 2016 — The Wolf Report: Nonconfidential analysis for the anti-investor

This is the Modern World, and…

What kind of fool do you think I am? —The Jam, 1977
He’s back and he’s at it again.  He being Yanis Varoufakis, former finance minister of Greece, current member of Syriza (as far as I can tell), once upon a time dead lock cinch for the role as Dos Equis’ most interesting man in the world.

Global financial system may be heading for another 2008 By Nick Beams

2 November 2013 — WSWS

This week’s decision by the US Federal Reserve to continue its $85 billion per month cash handout to the banks and finance houses, in the form of purchases of treasury bonds and mortgage-backed securities, and the likelihood that the policy will continue well into the new year, can only heighten concerns that the global financial system is heading for another crash, possibly on a scale bigger than 2008.

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Listen to Your Ancestors By William Bowles

18 October 2003 — williambowles.info

[This is another essay out of the past that on rereading, seems even more relevant than it did when I wrote it almost exactly ten years ago in 2003. It exists in its old non-Wordpress form but republishing it here, makes it more accessible as well as tying into my current writing. WB]

I am a big fan of history. Ever since I was a kid, history fascinated me and perhaps in another life I might well have become a historian. And, in an age where history gets rewritten by the corporate media hour by hour, day by day, understanding where we come from and how we got here is a critical issue.

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Creating a Situation that Does Not Yet Exist

15 August 2013 — The Bullet • Socialist Project • E-Bulletin No. 864

For some two decades, the anti-globalization movement and its successors have assumed that society contains within itself – and automatically throws up – political oppositions and organizational forms independent of capital and of the state. There is simply the need to encourage the cumulative growth of society’s own potentialities for forming alternatives apart from the state and apart from the terrain of politics. Politics is not about the contesting directly, never mind conquering, political power. Instead, politics is viewed as the evolutionary and ‘progressive emptying out of the power of capital and of the state.’ Social coalitions, social forums, networks, and localist alternatives – with an associated range of one-off tactical actions – became the outer limit of organizational agendas.

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NATO and the “phantom menace”: a pretext for global expansion

1 August 2013 — Voice of Russia

Upcoming NATO military exercises envisage an attack on Poland and an Article 5 NATO intervention against a foreign power, to the dismay of Russia, these exercises continue the outdated “Cold War” thinking of the West, which refuses to let go of such stereotypes and continues to eschew peace and understanding between nations.