Capitalism
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Humanitarian Intervention: “Right To Intervene,” Overthrow Governments By Ruan Zongze*
Since the 1990s, the West has introduced an array of ideas, such as “humanitarian intervention”, “human rights above sovereignty” and “exceptionalism”, in an attempt to provide a theoretical basis for interfering in the internal affairs of other countries. Responsibility to protect is merely the latest addition to this list. Continue reading
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Europe’s Economic Crisis: Portugal, Ireland, Spain, Italy and Belgium are Heading in the Same Direction as Greece by Bob Chapman
It isn’t over until it is over. Of course, we are referring to Europe and its version of 1984. We find it profound that the bankers, politicians and bureaucrats of Europe can do what they have done with a straight face. Investor had a haircut shoved down their throats and the ECB, the European Central… Continue reading
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Video: Monsanto / GM: The Hidden Email the White House Hopes to Keep Under Wraps By Dr. Mercola
The White House has refused to release certain portions of a January 11 email sent from a Monsanto-linked lobbyist to top Obama administration policy analyst Peter Schmeissner. The email was requested by the Public Employees for Environmental Responsibility (PEER) in a Freedom of Information Act (FOIA) request. Based on other emails they have already obtained,… Continue reading
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SWEET HOME CHICAGO: G8 MTG MOVED BUT PROTESTS WILL CONTINUE By Danny Schechter
Did the Obama alumni Association in Chicago—David Axelrod, Rahm Emanuel, and Bill Daley—get nervous and call the White House, or was it Barack himself, having disposed/co-opted one threat by the name of Netanyahu, who recognized he had a more serious problem the horizon. Continue reading
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The New Mediterranean Oil & Gas Bonanza: Part II By William Engdahl
The discovery in late 2010 of the huge natural gas bonanza off Israel’s Mediterranean shores triggered other neighboring countries to look more closely at their own waters. The results revealed that the entire eastern Mediterranean is swimming in huge untapped oil and gas reserves. That discovery is having enormous political, geopolitical as well as economic… Continue reading
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America's Credit and Housing Crisis: New State Bank Bills By Ellen Brown
Seventeen states have now introduced bills for state-owned banks, and others are in the works. Hawaii’s innovative state bank bill addresses the foreclosure mess. County-owned banks are being proposed that would tackle the housing crisis by exercising the right of eminent domain on abandoned and foreclosed properties. Arizona has a bill that would do this… Continue reading
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What the Heck is a “Prevailing Wage,” and Why Does it Boil Frogs? By Bill Bergman
Prevailing wage laws govern worker compensation on government-funded construction projects. They direct that workers be paid “prevailing wages.” This may not sound like such an evil thing, but these laws end up boosting construction costs significantly, and restrict opportunity for many construction workers. Continue reading
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Video: Austerity anger on Europe's streets
EuroNews: Widespread protests in Europe reflected the impact and pain of austerity measures around the European Union Continue reading
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Video: Austerity anger on Europe’s streets
EuroNews: Widespread protests in Europe reflected the impact and pain of austerity measures around the European Union Continue reading
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Massive Wikileaks Reveals Criminality, Paranoia Amongst Corporate Titans
WikiLeaks begins to publish today over five million e-mails obtained by Anonymous from “global intelligence” company Stratfor. The emails, which reveal everything from sinister spy tactics to an insider trading scheme with Goldman Sachs (see below), also include several discussions of the Yes Men and Bhopal activists. Continue reading
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Video: Greeks Look to the Left for Solutions
Costas Lapavitsas: The left is gaining in popular support but have so far failed to present a coherent program Continue reading
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Ellen Brown: How Greece Could Take Down Wall Street
CDS are a form of derivative taken out by investors as insurance against default. According to the Comptroller of the Currency, nearly 95% of the banking industry’s total exposure to derivatives contracts is held by the nation’s five largest banks: JPMorgan Chase, Citigroup, Bank of America, HSBC, and Goldman Sachs. The CDS market is unregulated,… Continue reading
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“We Are Drowning” On A Road To Nowhere: New War on the Horizon By Danny Schechter
Oil prices are rocketing. Iranian warships are moving into the Mediterranean to shadow the US warships already there. Propaganda news is growing with rumors of Al Qaeda links with Iran, and, then, less speculative news about real links between the terror groups and the armed opposition in Syria. Continue reading
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Videos: Adam Curtis — The Mayfair Set, Buccaneer Capitalists
The Mayfair Set is a series of films produced by Adam Curtis that study how buccaneer capitalists of hot money were allowed to shape the climate of the Thatcher years, focusing on the rise of Colonel David Stirling, Jim Slater, James Goldsmith, and Tiny Rowland, all members of The Clermont club in the 1960s. Continue reading
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Hungary: The gallows of capitalism By Timothy Bancroft-Hinchey
To call Hungary the gallows of capitalism is as right as calling it the gallows of human decency. Recently, the Hungarian Parliament legislated that homelessness is a criminal activity, meaning that those forced to live on the streets, through no fault of their own, can be thrown into a jail and be locked away. So… Continue reading
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Apple’s China Comes Home to Haunt Us By Robert Scheer
Four decades ago Richard Nixon, a once famously hawkish Republican president, cut a deal with the Communist overlords of China to reshape the world. The result was a transformation of the global economy in ways that we are only now, with the sharp critiques of Apple’s China operation, beginning to fully comprehend. Continue reading
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Video: Austerity Policy Destroying Greek Society
Dimitri Lascaris: Heart wrenching personal stories show that Greece should reject austerity deal and pull out of Eurozone Continue reading
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Abstractions Versus the "Real World": Economic Models and the Apologetics of Greed By Prof John Kozy
Economists build models by subtracting from reality the characteristics they deem unessential to the economic situations they model. The result is a bare bones description consisting of what economists deem economically essential. Everything that is discarded (not taken into consideration in the model) is called an “externality.” So the models only work when the externalities… Continue reading
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Abstractions Versus the “Real World”: Economic Models and the Apologetics of Greed By Prof John Kozy
Economists build models by subtracting from reality the characteristics they deem unessential to the economic situations they model. The result is a bare bones description consisting of what economists deem economically essential. Everything that is discarded (not taken into consideration in the model) is called an “externality.” So the models only work when the externalities… Continue reading
The New Dark Age 