Recessions, monetary easing and fiscal stimulus

19 August 2019 — Michael Roberts Blog

As the stock markets of the world gyrate up and down like a yo-yo, all talk in the financial media is on whether a new global recession is coming and when.  The financial pundits search for economic or financial indicators that might guide them to tell.  The favourite one is the ‘inverted bond yield curve’.  This is the difference in the annual interest rate that you get if you buy a government bond that has a ten-year life (the maturity before you get your money repaid) and the interest rate for buying either a three-month or two-year bond.

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Marx’s notebooks and the origins of Marxist ecology

18 August 2019 — Climate & Capitalism

Finally published in full, Marx’s notebooks from the 1860s provide important insights into his views on ecology and capital’s destruction of nature.


Teinosuke Otani, Kohei Saito, Timm Graßmann (eds)
MARX-ENGELS-GESAMTAUSGABE, IV, 18
Exzerpte und Notizen. Februar 1864 bis August 1868
(de Gruyter, 2019)

[Marx-Engels Complete Works, Part IV, Volume 18
Excerpts and Notes, February 1864 to August 1868]

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American media shuts down the Epstein story By Patrick Martin

19 August 2019 — WSWS

The corporate-controlled media in the United States has effectively shut down all reporting on the death of the politically connected multi-millionaire sex-trafficker Jeffrey Epstein, only one week after his body was discovered in a prison cell in the Metropolitan Correctional Center in Manhattan.

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Offering Choice but Delivering Tyranny: The Corporate Capture of Agriculture by Colin Todhunter

19 August 2019 — Counter Currents

Many lobbyists talk a lot about critics of genetic engineering technology denying choice to farmers. They say that farmers should have access to a range of tools and technologies to maximise choice and options. At the same time, somewhat ironically, they decry organic agriculture and proven agroecological approaches, presumably because these practices have no need for the proprietary inputs of the global agrochemical/agritech corporations they are in bed with. And presumably because agroecology represents liberation from the tyranny of these profiteering, environment-damaging global conglomerates.

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America’s “Hybrid War” against China has Entered a New Phase By Christopher Black

14 August 2019 — New Eastern Outlook

China and the Zombies of the Past

The hybrid war, being conducted against China by the United States and its gaggle of puppet states from the UK to Canada to Australia, has entered a new phase.

The first stage involved the massive shift of US air and naval forces to the Pacific and constant provocations against China in the South China Sea and the Taiwan Strait.

The second stage was the creation of disinformation about China’s treatment of minority groups, especially in Tibet and west China.

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Ecosocialist Bookshelf, August 2019

17 August 2019 — Climate & Capitalism

Reading matters

New books for reds and greens. How the Richest Drive Climate Change; Planning from Below; The Scottish Clearances; Slime; Here Comes the Sun; Eco-Socialism and Practical Utopias

Climate & Capitalism can’t review every book we receive, but this column lists and links to those that seem relevant to our mission, along with brief descriptions. Titles described here may be reviewed in future. Inclusion does not imply endorsement, or that we agree with everything (or even anything!) these books say.

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FCO Speeds Up Planning to Move UK Embassy to Jerusalem

18 August 2019 — Craig Murray

Following US National Security Adviser John Bolton’s talks with Boris Johnson and his ministers in London last week, FCO officials have been asked to speed up contingency planning for the UK to move its Embassy in Israel from Tel Aviv to Jerusalem, with an eye to an “early announcement” post Brexit.

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‘We are moving into a new, controlled society worse than old totalitarianism’ – Zizek on Google leak

17 August 2019 — RT

‘We are moving into a new, controlled society worse than old totalitarianism’ – Zizek on Google leak

FILE PHOTO: Banner protesting against ‘Google Campus’ construction in Berlin, August 17, 2018 ©  AFP / John MacDougall

Modern censorship is more dangerous than open totalitarianism, it being concealed and incorporated in our daily routine, says Slovenian philosopher Slavoj Zizek, commenting on the insider leak detailing Google’s news blacklist.

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Iran’s Dangerous Deterrence Policy: Trading Tankers and Another Partial Withdrawal from the JCPOA By Elijah J. Magnier

17 August 2019 — Global Research

The UK acknowledged its first defeat by Iran when it released the Iranian super tanker “Grace 1” captured by 30 Royal Navy commandos in the first week of July in response to a US request, as the Spanish Foreign Minister Josep Borrell revealed. In response, Iran will release the British-flagged tanker “Stena Impero”, captured by the “Iran Revolutionary Guard Corps” (IRGC) Special Forces before Saturday mid-day. This tit-for-tat response by Iran showed its determined deterrence policy towards the west:  Iran is ready to accept any consequences, including a possible war if necessary.

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Nearly five million people in the UK live in “deep poverty” By Dennis Moore

17 August 2019 — WSWS

A study by the Social Metrics Commission (SMC) finds that more than 4 million people in the UK are mired in “deep poverty,” with an income at least 50 percent below the official poverty line. Many families in this bracket struggle to pay for the most basic essentials.

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Dominic Cummings and the Downing Street Plan of chaos

17 August 2019 — True Publica

The madman in Downing Street

By TruePublica: The man behind shaping Boris Johnson’s premiership, the architect of Vote Leave, Brexit and the U.K.’s future in the world also wants radical change in the way Britain is run and to rebuild world politics. This vision includes seeing the destruction of the European Union, the biggest trading bloc in the world and the United Nations – designed to uphold world peace as a political opportunity. Dominic Cummings is lauded as the genius who is upsetting the establishment, but the truth is, he’s a dangerous techno-theorist whose deluded mistakes will take much more than a generation to fix.

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