...[C]apitalism, embodied within transnational corporations, does not require upbeat nation-states to thrive. They’re doing beautifully regardless of the drag of some of the world’s biggest countries. Worldwide, several major stock markets have recently set new records; meanwhile, nation-states sustain abnormally high unemployment levels and badly deteriorating finances.
By Yves Engler - May 28th, 2013
If the Harper government were honest about its policies, it would proclaim for all to hear: “Our goal is to make the rich richer”...Many Canadians would agree that has been the effect of Conservative domestic policies, but may be surprised to learn the extent to which it is also true in international affairs.
A certain idiot rear-guard action is being proffered by foot-draggers who see in natural gas and fracking oil deposits a new Jerusalem. Writing in Smart Money, a stepchild of the Wall Street Journal, Reshma Kapadia makes the case that “enormous new oil and gas discoveries under American soil are having a game-changing impact on the entire economy.” He’s no doubt dead right. Dead, right? We can indeed be fossil-fuel dependent. All we have to do is give up our water-and-environmental dependency.
What can't go on forever, won't. No one's sure when. Eventually the music stops. When that happens, watch out. Signals provide clues.
Central banks run today's world. Major ones matter most. Money printing madness controls everything. Love doesn't make the world go round. Liquidity-driven markets reflect the power of bankers to do it.
In Marinaleda, he has promoted equal wages policies, scrapped the police force and offered mortgages on previously state-owned properties, which cannot be sold on for profit, of just €15 a month.
On May 2, Obama named Froman his new US trade representative. He's a former Harvard law school classmate. He's currently a key adviser.
May 04, 2013 - Znet
When nations such as Greece, Spain, Portugal and Italy tried to slow down the rate at which their debts were rising, the results were absolutely devastating. A full-blown economic depression is raging across southern Europe and it is rapidly spreading into northern Europe. Eventually it will spread to the rest of the globe as well.
By Ingo Schmidt - May 1, 2013
Austerity is the only policy game in town at this point in the core capitalist countries. But it has growing doubters amongst ruling elites and is deeply resented by the working classes. In the zones of severe crisis, the free market ideology is losing even more credibility...An upsurge in right-wing populism in many countries...is one of the expressions of the deep crisis of legitimacy that is befalling neoliberal capitalism in the midst of continuing economic crisis and another sharpening of economic inequalities.
By Alejandro López - WSWS
Spanish people have come to dread governmental announcements made on Fridays after the Council of Ministers meeting. The weekly custom is for Deputy Prime Minister Soraya Sáenz de Santamaría of the ruling Popular Party (PP) to announce cuts in public spending, tax increases and new attacks on the living standards of workers.
By Dana Gabriel
ACTA is part of the international agenda of patent, trademark and copyright lobbies. The agreement favours big businesses over individual innovators and creators. It was designed to protect the interests of multinational corporations at the expense of fundamental civil rights. ACTA is being used by the U.S. to pressure other countries into adopting a new global standard for intellectual property enforcement. The supranational treaty would impose draconian laws which threaten the sovereignty of member nations.
By David Bush - April 22, 2013
The problem is that this reading of austerity as not working papers over the political trappings of the word "working". Who is austerity supposed to be working for? What is it supposed to be fixing? The point here is that the very understanding of social policy as a politically neutral undertaking should be questioned. Austerity is a political answer...to a series of political and economic problems. So when we question austerity, we do it from a political position whether we realize it or not.
It is for now. Don't bet against it longer term. Value eventually wins out. Gold's secular bull market continues. Experts believe it has a long way to go.
It's getting hammered. In August 2011, it rose above $1,900 an ounce. It was an all-time high. At midday April 15, it was $1,364. It's a 28%+ decline.
If job creation kept pace with typical expansions, another 4.2 million Americans would be working. Instead, hundreds of thousands drop out monthly. Hard times get harder. America's indeed on a fast track toward third world status.