acTVism Munich on Feb 21, 2017
In this interview with Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard D. Wolff, we talk to him about Capitalism and Socialism.
Part M in the Insider’s Economic Dictionary.
Malthus, Thomas Robert (1766-1834): British economist and spokesman for its landlord class. His Principles of Political Economy (1820) countered Ricardo’s critique of groundrent by pointing out that landlords spent part of it on hiring coachmen and other servants and buying luxury products (coaches, fine clothes and so forth), thus providing a source of demand for British industry, and part capital improvements to raise farm productivity. Continue reading
Today’s bank system adheres to a very simple principle. When you want to borrow money, you promise the banker you will pay him back and with that promise the banker creates a balance for you. You owe interest on it.
Because so few people know how the system works, nearly nobody sees how – in an almost mechanical way – banking with thin air parasites society like a cancer tumor and reduces people to cogs to appease its financial hunger.
The “Federal Reserve Bank” (Fed) is not part of the United States Government. The Fed is a private, for-profit corporation ultimately owned by eight elite banking families:
1. Rothschild’s of London and Berlin
2. Lazard Brothers of Paris
3. Israel Moses Seaf of Italy
4. Kuhn, Loeb & Co. of Germany and New York
Here is the recording of the presentation I gave at the Modern Money and Public Purpose seminar recently. My delivery begins at the 43 minute mark. I highly recommend Randy’s presentation beforehand.
Sep 22, 2012 by ModMonPubPurpose
Moderator: William V. Harris, William R. Shepherd Professor of History and Director, Center for the Ancient Mediterranean, Columbia University
Never has the world been subjected to as pure and destructive lunacy as at this time in history. Never have the anti-civilization voices been heard as stridently as in the so-called debate that is going on today. The insane and desperate noise of the single-party political scene in the United States, the deafening roar of the Mafia, is threatening, and seemingly managing quite well, to out-thunder the few reasonable and civilized voices that are attempting to be heard over the din.
The civilized debate that might be expected to be going on about health care, tax reforms, regulation of financial speculation, the criminality of imperial wars, improving education and much more, is poisoned while still in the womb, by the formidable power of the one political party that is spelled M O N E Y. Their power tools are the mass media, the ceaseless propaganda machines, the formidable use of hypnotic slogans and, added to that, the severe lack of insight and intellectual curiosity of the U.S. citizens. All this is made possible through the obscene lowering of educational standards and the carefully programmed lack of information that is the normal state of things today in Middle America.