Saturday , December 14 2019
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Tag Archives: democracy

Trump Is Back Under Bolton’s Thumb — Paul Craig Roberts

I don't think that this quite correct. John Bolton is the frontman in the administration for casino billionaire Sheldon Adelson, a rabid supporter of Zionism and a major contributor to Trump's political campaign. It is not an exaggeration to say that Trump owes his 2016 victory in large part to Adelson's legal bribery.OK, course, Trump gave no quid pro quo for the funding, so it is not bribery in the legal sense. However, anyone who thinks that political contributions, especially large ones,...

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Is Democracy Doomed? — Alex Tabarrok

The title might be a bit too strong. A better title might be, Is democracy all it's cracked up to be? The upshot is that the marriage of economic liberalism ("free market" capitalism) and political liberalism (democracy) may not be as efficient and effective as assumed. If much of the allure of democracy has been higher GDP per capita then the allure has been a mistake of confusing correlation for causation. A fortunate mistake but a mistake. The literature on democracy and growth implies...

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Bill Mitchell — The Greek colony remains in depression

On June 13, 2019, the European Stability Mechanism (ESM) released its – Terms of Reference for the Evaluation of the Greek Programmes. At the same time, the head of the ESM (Klaus Regling) was lecturing Greece, which is approaching a national election next month, that it “risks missing its budget target” (Source). Apparently, as the failed Syriza government tries to gain electoral support after years of abusing the Greek people who put their faith in them, the bean counters are worried that...

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Joseph Stiglitz — The Economy We Need

After 40 years of market fundamentalism, America and like-minded European countries are failing the vast majority of their citizens. At this point, only a new social contract – guaranteeing citizens health care, education, retirement security, affordable housing, and decent work for decent pay – can save capitalism and liberal democracy. Three years ago, US President Donald Trump’s election and the United Kingdom’s Brexit referendum confirmed what those of us who have long studied income...

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James K. Galbraith — Capitalism’s Great Reckoning

As the maladies of modern capitalism have multiplied, fundamental questions about the future of the world’s dominant economic model have become impossible to ignore. But in the absence of viable alternatives, the question is how to reform a system that is increasingly at odds with democracy. James K. Galbraith looks at three recent books on the crisis in capitalism:Joseph E. Stiglitz, People, Power, and Profits: Progressive Capitalism for an Age of Discontent, W.W. Norton, New York; Allen...

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More on retail sales, plus Amazon, Facebook and the national emergency

I wanted to switch things up a bit for today’s post and focus in the news. What I am going to do is present you with news as presented by traditional media. And then I am going to give you ‘my take’ on the story. Hopefully, this will highlight what is being unsaid or offer analysis that’s not being provided. Retail sales Big banks are busy lowering their Q4 GDP estimates after the huge miss on retail sales yesterday. I’ve seen Morgan Stanley and Barclays both lower their numbers....

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More on retail sales, plus Amazon, Facebook and the national emergency

I wanted to switch things up a bit for today’s post and focus in the news. What I am going to do is present you with news as presented by traditional media. And then I am going to give you ‘my take’ on the story. Hopefully, this will highlight what is being unsaid or offer analysis that’s not being provided. Retail sales Big banks are busy lowering their Q4 GDP estimates after the huge miss on retail sales yesterday. I’ve seen Morgan Stanley and Barclays both lower their numbers....

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Luke Savage — Liberalism in Theory and Practice

Contemporary liberals are temperamentally conservative — and what they want to conserve is a morally bankrupt political order.,,, A characteristic of neoliberalism? Maybe I was predisposed to democratic socialism; I always considered myself to be “on the Left,” even as a teenager. In any case, it’s become clear in retrospect that watching the liberal class respond to events over the past decade has been a powerful stimulus in my politicization. Which is to say, I didn’t acquire radical...

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Philip Giraldi — The War Against Globalism

There have been windows in history when the people have had enough abuse and so rise up in revolt. The American and French revolutions come to mind as does 1848. Perhaps we are experiencing something like that at the present time, a revolt against the pressure to conform to globalist values that have been embraced to their benefit by the elites and the establishment in much of the world. It could well become a hard fought and sometimes bloody conflict but its outcome will shape the next...

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