Category Archives: The Economy Sucks and or Collapse 2

Three Evils of Capitalism

Capitalism Doesn't Work

Image by Carrie Sloan via Flickr

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leftymathprof on Feb 15, 2015

Inequality, externalities, and alienation are inherent in any market economy, but they are not inherent in human nature.

Transcript at http://LeftyMathProf.org/3evils includes embedded links to related materials.

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The Stimulator: Our Shitty Situation

Pensions-demo-_8195a-sm

Image by Julian Stallabrass via Flickr

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stimulator on Feb 6, 2015

In this sedition we look at the economic clusterfuck enveloping the globe, the mega drop in oil prices and the political party that has the left screaming like Justin Beaver fans.

http://www.submedia.tv/stimulator/2015/02/06/shitty-situation/

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Michael Hudson: Inequality = Privatization of the Earth

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
January 27, 2015

inequality = conflict patch

Image by craftivist collective via Flickr

CrossTalk: Wealth Abyss

RT on Jan 26, 2015

One percent already has half the world’s wealth under its thumb and at this rate is set to accumulate even more. As much of the world slowly recovers from severe recession, the rich are prospering and greatly so. Is the global system rigged to their advantage? CrossTalking with Max Lawson, Richard Wellings and Michael Hudson.

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Big Fish, Little Fish by Michael Hudson

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
January 11, 2015

Re-think Capitalism

Image by Steve Rhodes via Flickr

US 2015 budget anti pension law, January 2, 2015.

On the Senate’s last day in session in December, it approved the government’s $1.1 trillion budget for coming fiscal year.

Few people realize how radical the new U.S. budget law was. Budget laws are supposed to decide simply what to fund and what to cut. A budget is not supposed to make new law, or to rewrite the law. But that is what happened, and it was radical.

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Michael Hudson: Pensions of Union Workers Cut in Federal Budget

Pensions-demo-_8195a-sm

Image by Julian Stallabrass via Flickr

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
January 5, 2015

TheRealNews on Jan 5, 2015

UMKC Economics Professor Michael Hudson discusses how Wall Street will profit as workers’ pensions get slashed.

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Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives by Ellen Brown

Updated: Jan. 1, 2015

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 20, 2014

Alternative Bailout Plan

Image by Mike Licht via Flickr

The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend. Continue reading

Ralph Nader: The Budget Is A Collective Display of Twisted Priorities and Insane Declarations By Congress

Veterans for Peace Banner Drop: "How is the War Economy Working for You?" (Pittsburgh, PA)

Image by takomabibelot via Flickr

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with Ralph Nader

TheRealNews on Dec. 14, 2014

If you were to judge this budget by conventional standards of human sanity you would indict it as the collective display of twisted of priorities says Consumer Advocate, Ralph Nader.

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The Global Bankers’ Coup by Ellen Brown

The colour of money; Financial Stability Board (FSB) headquartered in the Bank for International Settlements in Basel, Switzerland

Image by Dominik via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 12, 2014

On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook. Continue reading

Backfired! by Michael Hudson + Hudson: China and Russia Trade Deals Due To Sanctions

Updated: Dec. 14, 2014

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
December 12, 2014

U.S. New Cold War policy has backfired – and created its worst nightmare

1. The world’s geopolitics, major trade patterns and military alliances have changed radically in the past month. Russia has re-oriented its gas and oil trade, and also its trade in military technology, away from Europe toward Eurasia. Continue reading

The Koch Brothers’ Governors by Jeffery Sommers and Michael Hudson

by Jeffery Sommers and Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
December 12, 2014

IMG_2564.1.web

Image by Peg Hunter via Flickr

Butlers Selling the Public’s Silver…. A Dress Rehearsal for Hillary?

The Koch Brothers are the closest thing the United States has to Russia’s oligarchs. They fuse ownership of the economy and state, using the latter to enrich themselves while making private gains through the public’s losses. Their idea of a “market economy” is to buy government officials and the assets they privatize at giveaway prices. Continue reading

Elizabeth Warren Could Use Some Elizabeth Peacen by David Swanson + Bernie Sanders Says No to Bloated Defense Budget

by David Swanson
Writer, Dandelion Salad
warisacrime.org
Dec. 11, 2014

Why people want to become fans of a senator rather than pushing senators to serve the public is beyond me.

Why people want to distract and drain away two years of activism, with the planet in such peril, fantasizing about electing a messiah is beyond me. Continue reading

Richard D. Wolff: Employment Upswing Not Here to Stay + The State of Workers’ Wages around the World

Black Friday Chicagoland 2013!

Image by Bob Simpson via Flickr

Dandelion Salad

Last updated: Dec. 9, 2014

with

TheRealNews on Dec 7, 2014

Economist Richard Wolff says workers are returning to jobs with lower wages, fewer benefits, and less job security than they had before the financial crisis hit.  Continue reading

Propping Up the Derivatives Casino: Don’t Count on the FDIC by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 1, 2014

FDIC sticker, former bank drive up, Casa Grande, AZ

Image by saguarosally via Flickr

On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking. Continue reading

Walmart: The High Cost of Low Price (2005)

Walmart Sucks NIMBY

Image by R.xR. Anderson via Flickr

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Brave New Films on Nov 26, 2014 Continue reading

Helena Norberg-Hodge: The Right to Fresh, Healthy Food is a Fundamental Human Right

Buy Fresh, Buy Local (lomo)

Image by Steve Garfield via Flickr

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Last updated: Dec. 13, 2014

More videos from the conference: Chris Hedges: Voices of Hope in a Time of Crisis, it’s been updated several times and includes talks by Chris Hedges, Bayo Akomolafe, Camila Moreno and Michael Shuman.

 on Nov. 26, 2014

This is Helena’s talk at the Voices of Hope symposium, which also included the launch of the International Alliance for Localization (IAL). Both the symposium and the IAL are projects of Local Futures, a small international NGO. For more information about Local Futures’ work or to listen to other talks from the symposium, go to localfutures.org.

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