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Economics

Economics

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An introduction to the Mondragon co-operatives movement:

http://www.yesmagazine.org/new-economy/world-s-largest-federation-of-wor...

 

Problems of Socialism - and Capitalism:

http://bactra.org/weblog/918.html

 

Winning the war of ideas against the neocons:

http://www.tni.org/archives/archives_george_dissent

 

How Orthodox Economics Makes Sure Not To Mention The Class War Going On.

 

There is a good history of the development of orthodox Economics, the tweedledee and tweedledum of liberal and conservative proponents, the many damning critiques, and why one has to look outside of the orthodox true believers for a proper understanding and explanation of our economic reality.

Wealth doesn't trickle down - it just floods off-shore, research reveals:

http://gu.com/p/3977v/sbl

 

How rising debt causes inequality and crisis, by Steve Keen:

Go to

http://www.debtdeflation.com/blogs/page/2/

and scroll down. Video with text, roughly 1 hour.

Rebalancing Society: radical renewal beyond left, right and center - a long pamphlet by Henry Mintzberg -

http://www.mintzberg.org/sites/default/files/rebalancing_society_pamphle...

The pamphlet has been expanded to a book.

The map is not the territory: an essay on the state of economics, by John Kay

http://www.johnkay.com/2011/10/04/the-map-is-not-the-territory-an-essay-...

 

Michael Hudson on his new book - Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy:

http://www.counterpunch.org/2015/09/28/bubbles-always-burst-the-educatio...

and

http://www.counterpunch.org/2015/10/05/parasites-in-the-body-economic-th...

The trouble with financial bubbles (Maybe it's worthwhile to prevent them):

http://gu.com/p/4dev7/sbl

 

Irish standup festival puts economics in the dock:

http://gu.com/p/4e2kc/sbl

 

The problem with bubbles is that they are a guaranteed part of the capitalist system...and as globalization proceeds, the bubbles become global, and as the corporations grow and fuse with governments, they gain control to impose and expand the bubbles without containment...until they burst!
It{s inevitable the system will fail...tomorrow or a month...hard to say...but the global finance bubbles keep growing, some now bursting (commodities, emerging markets for sure so far)...so of course any politics that doesn{t take this into account? is bullshit! 

Another guaranteed part of the capitalist system:

Grocery store secrets: Best-before dates tampered with, workers claim

Quote:
For five years, Mohammad Saffari has worked as a bakery clerk at a Loblaws store in Montreal. He says he was told to change best-before dates on fresh or frozen bakery items such as cheesecakes, muffins and pastries that were weeks or months past the best-before date.  Saffari says he was told to take cheesecakes that had passed their best-before dates and add toppings, so they would appear fresh.  He says cakes were then given a new best-before date and put back on the shelves for sale.  "I decorate it and I'm selling expired stuff for $13.99," he says. "I won't eat this cheesecake myself. But I sell it to you." 

Industry wide practice apparently.  We have absolutely no remedy for this within the given politics, which is also of the same system of 'economics.'

UAW-Ford Deal Creates New Tier of Low-Paid Workers : 'The UAW is a Shill For the Company'

http://www.wsws.org/en/articles/2015/11/11/ford-n11.html

"As details emerge about the tentative agreement the United Auto Workers is seeking to push past 53,000 Ford workers, opposition is growing in factories across the US.

While the UAW has falsely claimed it has won a 'path' for lower-paid workers to reach traditional pay, in fact, like the Fiat, Chrysler and GM pacts before it, the UAW-Ford deal will create several more tiers of workers receiveing inferior pay and benefits..."

It seems to be a widespread problem.  I hear from enough union members to realize that many are completely demoralized by their 'representatives,' who seem to reduce themselves in plenary sessions to the role of explainers-in-chief for company initiatives to remove or reduce their compensation and benefit levels.  From first hand accounts, people feel as if the ongoing collection of monthly union dues are more important than standing up for bottom rung workers.  I've suggested to these workers that they might at least win back the status quo in their pay checks if they voted their good for nothing union out.  But they're like many people who continue to vote in elections, ie: they're afraid of what might happen if it all goes down the tubes, or, since the people who normally organize union opposition are the very same ones in bed with management, literally in some cases, effective opposition is non-existent.

from Andrew Gavin Marshall......

These financial institutions are major owners of government debt, which gives them even greater leverage over the policies and priorities of governments. Exercising this power, they typically demand the same thing: austerity measures and “structural reforms” designed to advance a neoliberal market economy that ultimately benefits those same banks and corporations. The banks in turn create the very crises that require governments to bail them out, racking up large debts that banks turn into further crises, pressuring economic reforms in return for further loans. The cycle of crisis and control continues, and all the while, the big banks and financial institutions engage in criminal conspiracies, fraud, manipulation and money-laundering on a massive scale, including acting as the financial services arm of the world’s largest drug cartels and terrorists organizations.

Welcome to the world governed by the global financial Mafiocracy – because if you’re not concerned, you’re not paying attention.

......while of course this judgement may be contested, otherwise...why are we pretending to believe that our so called democratic system is viable? by all our discussions, asif these puppets have anything to do with realpolitics?

What is relevant is how to proceed? recognizing the bankster control over the political system!

 

Saudi Wheat Wells Dried Up

Quote:
The shift is propitious as the wheat market weathers the largest glut in nearly 30 years, with bumper harvests filling up silos from Russia to Argentina. Prices for high-quality wheat, which reached an all-time high in Kansas City of more than $13 per bushel in 2008, have fallen to less than $5 this year.

I place this Bloomberg article here in economics rather than environental to inquire if anyone is seeing any movement at all in the price of bread except for up?

Nobel memorial prize in economics goes to Angus Deaton, for work on income versus consumption, inequality, poverty and welfare:

http://gu.com/p/4d7nt/sbl

 

Ecological footprints and appropriated carrying capacity: what urban economics leaves out  (William Rees) -

http://eau.sagepub.com/content/4/2/121.full.pdf+html

 

Sea Change In Spanish Politics As Citizens Reclaim the City

Madrid's city council recently broke the rules on its debts, prioritizing money for "social sustainability" over "financial sustainability" and diverting €500 million ($550 million) into public spending. Barcelona's city council meanwhile has reclaimed empty properties from banks and turned them into social housing.

The acts are not isolated, and reflect a sea change in Spanish local politics. May’s local elections saw a tide of citizen-led initiative reclaiming power across many cities. In December’s state elections, these initiatives stood alongside Podemos, lifting the party to third nationally and winning in Catalonia and the Basque Country....

 

Rethinking the teaching of economics - audio about 27 minutes:

http://www.bbc.co.uk/programmes/p03gyqqm

 

Mercedes swaps robots for people on its assembly lines:

http://gu.com/p/4h4gb/sbl

 

The Evolution of Social Norms in Common Property Resource Use:

http://www.isid.ac.in/~som/papers/socialnorms_cpr.pdf

A long and useful paper. Good references.

 

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