Yanis Varoufakis says the left are too divided, but we need to unite to take on the real challenges ahead of us. [embedded content]
Read More »Cowboy Economist – Evaluating the Democratic presidential hopefuls.
'Just to put you in the picture', says the Cowboy Economist, ' I won't be voting for any metal loving, communist hating Democrats'. [embedded content]
Read More »CGTN – How did China lift hundreds of millions of people out of poverty?
It's a CGTN Chinese state broadcaster video so it certainly has some spin on it, but it's interesting viewing just the same.Over the last four decades, China has achieved significant results in poverty alleviation and reduction. From 1978 to 2018, the number of impoverished people dropped from 770 million to 16.6 million, and the poverty rate dropped from 97.5 percent to 1.7 percent. Check out this video and have a look at how China lifted hundreds of millions of people out of poverty....
Read More »Jack Rasmus – Argentina & the Next Global Financial Crisis
On YouTube the right are having a field day over Venezuela, but Argentina, which is fully neoliberal, is a capitalist nightmare.Jack Rasmus says Obama helped to get Macri, the current President, elected because he promised to pay the full amount demand by Paul Singer and his hedgefund. The Macri government went to the IMF to get a loan and then paid Paul Singer the maximum amount he demanded. After that the Macri government went to New York to borrow more borrow more money but it was never...
Read More »The road to serfdom before Hayek (Knight, Lippmann, and a note on Weber today) — Eric Schliesser
So, here's my hypothesis. The road to serfdom thesis was if not inspired by Lippmann, at least prompted, in part, by him. But Lippmann did not hold the thesis; it is articulated by Knight in his review of Lippmann and (mistakenly) ascribed to Lippmann. Knight, however, thinks there is nothing inevitable about the thesis because he thinks the future is still very much open. I cannot prove that Hayek read Knight's review of Lippmann. (Knight was later a somewhat ambivalent referee for The...
Read More »The Great Switch: Old Ways Fade and are Irrecoverable — Alastair Crooke
What is going on? Is there some unifying thread connecting this sudden outbreak of widespread global tension? Of course all these conflicts have their separate background contexts. But why so many at the same time? Well, in a word, it’s all about change — about the recognition that we are at the cusp of major changes. The world is beginning to pre-position.... We are indeed at a point of inflection. Some westerners may muse that the status quo ante is somehow recoverable (if only Trump is...
Read More »Market selloff warning
Is There Really A Trade-Off Between Inflation And Unemployment? — Brian Romanchuk
Rather than attempt to explain what the mainly neoclassical economists are going on about, I want to step back and try to translate their debate into terms that would be understood by people who do not share the same assumptions. I am pretty sure that post-Keynesian economists have a lot to say about the topic as well, but once again, they tend to be discussing wonkish points that would elude an outsider.…I have an engineering background, and engineering is largely the science of...
Read More »Human Interests – A Bridge Between the USA and Russia
I quite enjoyed this, which I thought it was rather uplifting!A look at bridge building across the Bering Strait. Who, how and why? [embedded content]
Read More »Craig Tindale – These Chinese Frauds Could Be The Tip Of The Iceberg
A 2012 article based on the work of Steve Keen. But China hasn't collapsed yet.The Fall of the Communist Dynastyand The Looting of China touched on the widespread fraud that has become apparent, both in mainland and US listed Chinese companies. I also showed that an extraordinary number of the Communist Party and the military cadre had massive unexplained wealth, with the Top 70 recording a net collective worth of over $80 billion. This week Bloomberg was banned by the Chinese government...
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