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27 May 2008 @ 01:23, by athos. Economics, Financing, Banking
.... the characteristic that defines the field of economics, that tells apart economic from non economic relationships, is not the objective, which is the same for both, but the way, the mode. Economic relationships are those negotiated, measured and regulated in quantitative terms, those where quantity takes priority over quality... More >
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17 May 2008 @ 08:35, by erlefrayne. Economics, Financing, Banking
As already exacerbated in my previous articles, this development expert strongly argues for dirigisme (state intervention). Even in the yogic-mystical terrain, I strongly argue for interventionism in the physical plane, though this paradigm may hold water only here and not necessarily in other dimensions or trans-physical spheres where money economies are absent.
Incidentally, we now have emerging models for dirigist paths to sustainable development. For lack of a better term, the model is simply called ‘social market’. It is an integration of state intervention and market-driven economy. Extremes of socialism and laissez faire have both proved as flops. These extreme forms are beyond salvation and are both being junked today. They have become junkshop models.
Asia is the best laboratory today for the conscious evolution of ‘social markets’. China, Vietnam, and India are the countries to watch. I just hope that the original ASEAN 6 (Philippines, Singapore, Malaysia, Indonesia, Thailand, Brunei) will move towards their respective version of social markets. More >
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5 May 2008 @ 04:19, by athos. Economics, Financing, Banking
The Dark Age started when a few groups of humans, in the Middle-East and China, began to produce their own food as fundamental means of sustenance.
The production of food permits, with a little strain, at least in the beginning, a conspicuous surplus of food supply, and therefore the satisfaction of the fundamental material needs of a high number of people in the same area. More >
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1 May 2008 @ 23:57, by erlefrayne. Economics, Financing, Banking
[Writ 28 April 2008, Quezon City, MetroManila]
We’re having a production-related problem with rice today in the Philippines today, which looks more like an echo problem of a larger global phenomenon of food crisis. Riots have already been experienced in at least 33 countries, and we may expect the frequency to rise in the months ahead.
To single out production factors, and especially to pinpoint flawed land-use patterns as the cause of the crisis, tends to blur the real cause behind much of our peace and development problems in the world today. This crisis is one of the anarchic results of orchestrations done by financial speculators over a stretch of three (3) decades, followed through recently by food cartels’ machinations to heighten up their looting of the public’s resources via the food market.
Let us recall that as early as the 1980s, the move towards liberalizing the food markets and integrate this sector into the evolving ‘virtual economy’—by unleashing speculative practices on agricultural products via instrument of ‘commodities markets’—already crept into our national boundaries. Gradually did the pattern get integrated into a global mesh of transactions involving not only food but a long list of articles of trade and services being transacted via the secondary markets or hedge funds. More >
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30 Apr 2008 @ 07:44, by democritus. Economics, Financing, Banking
The idea is audacious, laughable, even blasphemous in today’s globalized, branded and capitalized culture; in a strange sense, however, we are in a moneyless society today. More >
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 31 Aug 2007 @ 23:31, by letecia. Economics, Financing, Banking
AlterNet featured an interview with Kevin Rozario about his recent book "The Culture of Calamity"
"Capitalism itself is a system of destruction and creation. You have to keep destroying the old in order to clear space for the new. Otherwise, it achieves stasis, and if it achieves stasis, it dies. It depends on constant expansion just to keep going. But again, to be very clear about this, not all Americans think this is a blessing. This is a process that can be extremely lucrative for businesses, but it's a process that can be extremely destructive for laborers. The benefits of disaster are very unevenly portioned and they go to those with power and influence rather than ordinary Americans."
View the full interview online at: [link]
Note: Kevin Rozario teaches courses in American popular culture and cultural theory. After receiving his Ph.D. from Yale in 1997, he taught at Oberlin and Wellesley before coming to Smith. Although trained as a historian, his interdisciplinary interests keep pulling him into such other fields as literary criticism, media studies, philosophy, economics, environmental history, gender studies, and cultural theory. From Smith College
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21 Jun 2007 @ 00:10, by anandavala. Economics, Financing, Banking
Before joining the conversation, please read and accept this Invitation to a Conversation.
This is a follow on article to the discussion on The
International Banking System in the subject Economics,
Financing, Banking.
All of the key flaws in the economic system are well known to any
who look beyond the web of deception that permeates mass culture -
the discussion here at NCN is similar to discussions happening all
over the globe, discussions that have been occurring throughout the
last century but to little avail. What do all these phenomena point
to? Is there some overarching paradigm in which they can all be made
sense of? Is it a matter of an elite wielding control or is it
something deeper? Is there something practical that can be done about
it?
Economics plays an important role in all of the key changes
happening in the world but aside from our traditional
rationalisations, what purpose does it really serve and what do the
many changes signify? From the perspective of system theory,
cybernetics and complexity theory the answers are startling!!!! More >
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26 May 2007 @ 16:32, by vaxen. Economics, Financing, Banking
MONEY & BANKS ….
THE HIDDEN TRUTH BEHIND GLOBAL DEBT .
1) What is money... how is it created and who creates it?
2) Why is almost everyone up to their eyeballs in debt... individuals, businesses and whole nations?
3) Why can’t we provide for our daily needs - homes, furnishings cars etc. without borrowing?
4) How much could prices fall and wages increase if businesses did not have to pay huge sums in interest payments which have to be added to the cost of goods and services they supply...?
5) How much could taxes be reduced and spending on public services such as health and education be increased if governments created money themselves instead of borrowing it at interest from private banks…?
"If you want to be the slaves of banks and pay the cost of your own slavery, then let the banks create money…" Josiah Stamp, Governor of the Bank of England 1920. More >
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 28 Apr 2007 @ 17:45, by jhs. Economics, Financing, Banking
Antonio Gramsci died yesterday, 70 years ago, in Rome.
A post of Mino reminded me of that.
Gramsci realized already in the 30's of last century that the public meme are equally, if not more important, than the distribution of means of production and the memes of the 'historic process' and the 'economic determinism'.
He postulated that any class to survive must form its own 'historic bloc' via a cultural hegemony to survive the values impounded by the 'ruling class' on the masses.
To create an Internet space as an experiment to facilitate the vision of a new society, Flemming (and I) created the New Civilization Network in 1995, hosting the first server in my home in the Hollywood Hills. It was running Linux, which one could call a powerful expression of 'technological hegemony', as, in general, the Open Source movement.
We see the power of a new 'cultural hegemony' realized today, 60 years after his death, in the from of the Internet, and especially the BLOGs which have developed a power of its own, bypassing the manipulation via the controlled 'media'.
If he would live today, I am SURE, he would have one of the best BLOGs around.
I'll have a toast on him tonight :-) More >
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13 Apr 2007 @ 07:14, by vaxen. Economics, Financing, Banking
THE DUTY OF CIVIL DISOBEDIANCE
If... the machine of government... is of such a nature that it requires you to be the agent of injustice to another, then, I say, break the law: Henry David Thoreau, On the Duty of Civil Disobediance, 1849
The stage is set. Cheney and Bush still see themselves as the deciders and their preemptive agenda is still in play. The timid Democrats are about to be sucked into funding the Iraq fiasco and thus setting the stage for being responsible for its consequences when Bush leaves office in 2009.
Even today we see that that the insurgency ( freedom Fighters ) have penetrated the Iraq Green Zone with a suicide bomber and that's not counting the 15 to 20 daily rocket attacks.The time for wishful thinking is over ~ we lost and we deserve to lose and be humiliated in the process of Bush & Cheney's illegal occupation and travesty of justice .
Since we lack a national leader who will speak for the people's agenda ~ I call on Britain's George Galloway who proclaims to the British people " If George Bush bombs Iran, we should bring this country to a standstill. "
Even Lee Iococca, at 82 years old, is fed up with this Administration ~ [link]
" Had Enough? Am I the only guy in this country who's fed up with what's happening? Where the hell is our outrage? We should be screaming bloody murder. We've got a gang of clueless bozos steering our ship of state right over a cliff, we've got corporate gangsters stealing us blind, and we can't even clean up after a hurricane much less build a hybrid car. But instead of getting mad, everyone sits around and nods their heads when the politicians say, "Stay the course." Stay the course? You've got to be kidding ... This is America, not the damned Titanic. I'll give you a sound bite: Throw the bums out ! "
Yes, it's almost time for civil disobediance ~ for we are, indeed, the agents of injustice in Iraq and perhaps in short time Iran and if Congress won't act by cutting off funding or even impeachment hearings ~ we must act even if it means breaking the law . It is our duty ! More >
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