As we turn towards our faiths this Christmas and Hanukkah in an attempt to make sense of the year that was, economist Professor Michael Hudson says we have been interpreting the bible incorrectly. And he has written an entire book about it. Rather than sex and sin, both Christianity and Judaism is preoccupied with debt. As it turns out, Jesus was a socialist activist who paid the ultimate price, fighting for the reinstatement of regular debt jubilees. In fact, the rulers of classical antiquity who cancelled their subjects’ debts were overthrown with disturbing frequency and tended not to live that long…
Social problems cannot be hacked. The popularisation of ‘Hack Days’ is simply the privatisation of poverty. Technology will never be a supplement for good government. Around the world, elected leaders have abdicated their responsibility for their citizens to the private sector. The only thing worth hacking are parties themselves.
Yesterday’s Parliamentary debate into RBS’ long-running scheme to bankrupt hundreds of business owners via its Global Restructuring Group was postponed after an “emergency debate” was called on the humanitarian crisis in Yemen. Sure, it’s selling arms to Saudi Arabia which is using those arms to murder, oppress and starve the Yemeni people, but there’s one surefire way to get the British Government to take foreign diplomacy seriously: threaten them with a banking inquiry.
Former Greek finance minister, Yanis Varoufakis, claims capitalism is making itself obsolete thanks to the technologies it has produced. He argues that because companies like Google and Facebook are powered by social production, the private means of production are becoming obsolete. He says that Artificial Intelligence will be capitalism’s downfall. If wishing made it so…
For a government which claims to worship at the altar of agility, efficiency and the entrepreneurial spirit, Australia’s Prime Minister, Malcolm Turnbull, is letting a potential thriving workforce wither on the vine in detention. Why are we wasting so much human talent by not working with these resourceful, resilient victims whilst they await their fate? The ‘innovation nation’, the country of the fair go, has decided it could not possibly entertain a system of incarceration whose cruelty wasn’t entirely by design.
NATO wants Europe to upgrade its roads, bridges and rail networks. Not because of dilapidated infrastructure, or to make it easier for people to travel across the continent – let alone their own countries – but so they can handle the weight of its heavy tanks and military equipment for what it deems an inevitable invasion of Russia. Though it has yet to commit a single crime, up to 10,000 NATO troops have amassed on Russia’s border states, in lieu of a war that hasn’t happened yet.
Long before the Paradise Papers, or the Panama Papers, the Enron scandal, Savings and Loan crisis, WorldCom, and the Global Financial Crisis, governments in the US, UK and Australia were colluding with the world’s biggest banks and their clients using aggressions dynamics not to defeat but to suborn the controls of the supposedly independent professionals: The accountants.
Why will interest rates likely rise in the US under the new impending chair of the Federal Reserve, Jay Powell? Because he is tall. Or so says financial journalist and editor, Alan Kohler.
Before we all start frothing at the mouth over the recent indictments by Robert Mueller over alleged US election interference by the Russians, let’s get a few things clear: We do not yet have any evidence of any collusion with the Russian government. What we do have evidence of however, is the overwhelming influence of foreign money in US politics.
Democracy 2.0 is having its own modern-day McCarthy moment: Millionaire George Soros has published a blacklist of thousands of politicians, journalists, academics and celebrities ever to appear on Russian state broadcaster, RT, designed to intimidate anyone from ever appearing on the network which has already been defunded by NatWest, demonetised by social media giants that have rapidly become privately outsourced state regulators. This campaign of censorship and content control is proof of an establishment fast losing control of the narrative.
We cannot think of a more glaringly obvious metaphor for austerity than a conference stage set literally falling apart during the Prime Minister’s address. Forget the coughing, spluttering and plagiarism. Theresa May’s Conservative Party Conference speech was a live-action panic attack, and a giant metaphor for the slow death of neoliberalism. May is toast. A political zombie. Her days are numbered. And she knows it.
The Greek bailouts were a banking crisis in disguise. In an excerpt of her upcoming book, editor-in-chief, Claire Connelly, explores how Greece took the fall for decades of irresponsible lending by French and German banks. If Greece continues to participate in the European Union, democracy is doomed.
JP Morgan Chase chief executive, Jamie Dimon, ironically claims that crypto-currency, BitCoin, is a “fraud” that should only be invested in by criminals. Takes one to know one. The financial services giant has spent decades defrauding its customers, and it didn’t need a new currency to do it. Not that it has stopped them from trying to develop one anyway. Dimon is right, in a sense. BitCoin will not be our saviour. But not for the reasons he claims.
These government champions of the free-market are living a lie, stripping social-spending while shelling out billions to the private sector, all while taking home benefits the rest of us could only dream of. The private sector has its own government dole system, writes editor-in-chief, Claire Connelly. If these companies are so troubled by government welfare, they should pay back every cent of government bailouts, tax credits and subsidies they have received over the years.
There is no such thing as ‘fake news’. All press has an agenda. And increasingly establishment media is reliant on non-traditional players to lend it credibility. The vain attempts of those with vested interests to censor and control the supply of information online will soon have no choice but to accept that the decentralisation of journalism is imperative to their survival.
Google has come under scrutiny by free-speech advocates for shutting down neo-Nazi website, Daily Stormer, seemingly too distracted to notice the tech giant has been waging a censorship campaign against progressive news organisations that publish content which conflicts with the narrative of the Washington establishment, along with Facebook and Twitter, on the grounds of ‘fake news’.
Canadian analyst, Stephen Gowan’s new book, ‘Washington’s Long War on Syria’, reveals how the US colluded with The Muslim Brotherhood – the ideological precursor to Al Qaeda and ISIS – to destroy Ba’ath Arab Socialism in Syria, Iraq and Iran and install permanent free-trade zones that serve US interests across The Middle East.
Humans are not built for nuance, we are trained to think in polarities. But the world is not black-and-white. And in an age of ‘fake news’, there are no good guys, and no bad guys, only tough choices.
Treating federal budgets like that of a household has starved economies of precious resources and has facilitated unprecedented levels of private and household debt. Editor-in-chief Claire Connelly explores the consequence of this logical fallacy in an excerpt of her upcoming book, How The World Really Doesn’t Work.
Just when you thought CNN couldn’t set the bar any lower, it outdoes itself by blackmailing a Reddit user to bolster its own failing business model, simultaneously inflaming racial tensions and destroying trust in journalism, all in the same day. That is quite an achievement.