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One or Two Things You Should Know About Larry Summers That The Brilliant Larry Summers Will Leave the Obama Administration to Return to His Tenured Teaching Job at Harvard was the main economic/political news of the week. The first thing you should know about Larry Summers is that he is brilliant. The New York Times …
One or Two Things You Should Know About Larry Summers Read More »
On the quiet Friday following Thanksgiving, I read the “business life” of Sue Raby in the Financial Times, an Avon saleswoman slugging it out on the outskirts of Liverpool. Sue Raby, coiffed shoulder-length brown hair, a grey shawl-collar coat, sets off down the road with a wheelie shopping bag full of Avon catalogues. The 52-year …
I rarely write “follows ups”. Events I discuss on this blog are driven by the irresistible hand of speculative capital, so their outcomes tend to be preordained. Still, on a snowy weekend in New York I thought to take a break from work and give you an update on Viktor Orban’s saga. The information from …
The Saga of Viktor Orban and Hungarian Democracy Read More »
On the Theory of Knowledge In yesterday’s post on the EU, I mentioned en passant the Hungarian prime minister Viktor Orban and his demonization in the west after he got between capital and its quest for high rate of returns. Today, the New York Times had a front page article in the business section on …
In yesterday’s post on the EU, I mentioned en passant the Hungarian prime minister Viktor Orban and his demonization in the west after he got between capital and its quest for high rate of returns. Today, the New York Times had a front page article in the business section on Hungary. Hungary, Once a Star, …
The idea of a man-made machine escaping his control and becoming a menace is familiar to modern men. It is the fantastic, subjective reflection in his mind of his real-life condition of being subjugated to the unrelenting rhythm of the factory system. The system was firmly in place in Western Europe by the beginning of …
Epilogue: The Origin of the [Crisis in the] European Union Read More »
On the quiet Friday following Thanksgiving, I read the “business life” of Sue Raby in the Financial Times, an Avon saleswoman slugging it out on the outskirts of Liverpool. Sue Raby, coiffed shoulder-length brown hair, a grey shawl-collar coat, sets off down the road with a wheelie shopping bag full of Avon catalogues. The 52-year …
THE FOLLOWING PART IV OF THE EU CRISIS WAS POSTED ON SEPTEMBER 8, 2011, AT 12:08AM. FOR WHATEVER REASON, IT IS NO LONGER THERE. I AM POSTING IT AGAIN. THE PART TITLED “Capital, as the Union’s Main Driver”, HAS BEEN DULY CORRECTED TO PART V. *** Force is a vector. That is physicists’ way of …
The Origin of the [crisis in the] European Union – 4: A Refresher on Finance Capital Read More »
If you are following the crisis in Europe, you know how complicated the whole thing is. You see the stressed looks on the faces of politicians, central bankers and the heads of places like the World Bank, the IMF, the European Commission, read or listen to their often contradictory comments and wonder that if they …
The Origin of the [crisis in the] European Union – 5: Capital as the Union’s Main Driver Read More »
This past Thursday, Paul Krugman, the Nobel prize winning liberal economic columnist of the New York Times, was outraged. He was outraged because he had discovered that the U.S. was losing its moral heading. The event that set him on the discovery was an exchange about death and freedom during the Republican presidential debate. According …