finance
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The Empire never died
The British Empire is still with us, in the UK’s island outposts and military bases, in the plunder of other countries’ resources, and in UK officials’ imperial mindset. Continue reading
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Books: The Importance of State Theory By Bob Jessop
Leo Panitch and Sam Gindin’s long-awaited The Making of Global Capitalism, said to be ten years or more in the making, is ‘about globalisation and the state’. More precisely, Panitch and Gindin use its 450 pages to provide an important, informative, and well-written account of the predisposing factors, emergence, expansion and transformations, of global capitalism,… Continue reading
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American Power and the Making of British Capitalism By Jeremy Green
On the opening page of their superb work on the political economy of the American Empire, Leo Panitch and Sam Gindin outline the fundamental premise of their study: that the American state has played ‘an exceptional role in the creation of a fully global capitalism and in coordinating its management, as well as restructuring other… Continue reading
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The Finance Curse: Introduction By Dan Hind
It is now well known that many countries which depend on earnings from natural resources like oil have failed to harness them for national development. In many cases it seems even worse than that: for all the hundreds of billions of dollars sloshing into countries like oil-rich Nigeria, for instance, such places seem to suffer… Continue reading
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Video: Psychopathy in Politics and Finance By Stefan Verstappen and James Corbett
As more and more studies demonstrating the corrosive effect of psychopathy on government, finance, and business emerge, researchers have begun to explore how our society itself has been molded in the psychopaths’ image. Continue reading
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Video: Privatizing Europe
Nick Buxton: A massive European fire sale is one way finance is using the crisis to entrench neo-liberalism (inc. transcript) Continue reading
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Video: Michael Hudson – Thatcher Gave More Power to Finance
Michael Hudson: Thatcher deregulated banking and made London the center of speculation and financialization – April 9, 2013 Continue reading
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Mrs. Thatcher’s Mean Legacy By Michael Hudson and Jeffrey Sommers
We typically honor the convention to refrain from to speak ill of the recently departed. But Margaret Thatcher probably would not object to an epitaph focusing on how her political legacy was to achieve her professed aim of “irreversibly” dismantling Britain’s public sector. Continue reading
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VTJP Occupied Palestine and Israel News and Articles 3 March 2013: Report: Israel to operate 'Palestinian-only' bus routes
3 March 2013 — VTJP News International Middle East Media Center Israeli officer shakes hand with settler who attacked PalestiniansIMEMC – On Saturday, masked Israeli settlers were caught on camera shaking hands with Israeli border guards stationed in the village of Umm al-Amad, south of Hebron, then proceeded to harass a group of Palestinian cattle herders while Continue reading
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Sequesters To Trim Government Debt; Malls Raise Consumer Debt for The “Sheeple” By Danny Schechter
Durban, South Africa: Back in 2002, South Africa hosted a UN environmental Summit on sustainability. It drew a rag tag army of green activists from all over the world, many excited to visit the now free South Africa that they fought for through the apartheid years, and hoping to meet members of the liberation movement… Continue reading
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GMO Agribusiness and the Destructive Nature of Global Capitalism By Colin Todhunter
It’s apparent that, as the academic David Harvey states, the problems created by capitalism don’t get solved, they just get shifted around. Nowhere is this epitomized more clearly than the role of US agribusiness in India. Continue reading
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Video: LIBOR Scandal More Than Fraud – Whole Game is Rigged
Costas Lapavitsas: From multimillion dollar losses by cities like Baltimore to pension fund losses and much more, the LIBOR interest rate scandal shows that such mechanisms must be taken out of the hands of banks and be run in public interest (inc. transcript) Continue reading
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‘Pentagon’s hand behind French intervention in Mali’ By William Engdahl
As French soldiers pour into Mali in the fight to push back the advancing Islamist militants, questions have been raised as to the motives behind the intervention. Author William Engdahl told RT the US was using France as a scapegoat to save face. Continue reading
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Video: Neoliberalizing Nature and Privatizing the Air By Patrick Bond
Patrick Bond: In 2013 bankers will increase their efforts to make money out of the climate crisis and put a dollar value on everything Continue reading
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Book Review: Reality economics By Michael Hudson
“Whom the gods would destroy, they first make mad.” And if they would destroy economies, they first create a wealthy class on top, and let human nature do the rest. The acquisition of power soon leads to its abuse, to economic and social hubris. By seeking to protect its gains, perpetuate itself and make its… Continue reading
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Why Carney’s Appointment as Bank of England Governor Should be Challenged By Hugo Radice
Here was a giant of financial regulation, with a PhD in economics, ten years at Goldman Sachs, singlehandedly responsible for guiding Canada to the quickest post-2008 recovery among the G7 countries, and appointed in 2008 to chair the Financial Stability Board set up by the G20. So what’s not to like? Continue reading
The New Dark Age 