photo credit: World Development Movement The reality is finally hitting. World Bank says collapse has arrived: global economic activity would shrink “for the first time since World War II, with growth at least 5 percentage points below potential”. This statement is an important recognition that the world economy and with that the security of our livelihoods are under its biggest … Read More
Letter to the Socialist Alternative
photo credit: sludgegulper In Socialist Alternative, issue 13, February-March 2009, which was circulated widely in Orientation Week at the University of Queensland, the first page proclaims that “Capitalism Caused this Disaster”. The correct slogan should be that “Land Parasitism caused this disaster”. At least two thirds of the cost of urban houses and buildings is the cost of the land, … Read More
Hudson on Max Keiser
Our dreams have been answered! Max Keiser interviews Michael Hudson. Keiser runs one of the worlds most popular economics based podcasts, that often has the team cracking up at the unconventional but highly entertaining Keiser and his well versed co-host Stacey. Hudson has an oracle message – does it get through Max? Check out the busy Michael Hudson on the … Read More
Carbon Taxes to make a comeback
photo credit: Mikko Itälahti The Australia Institute’s Richard Dennis makes some key comments in An idea whose time never came. Minister Wong is now arguing that, under her scheme, individuals who lower their energy use will enable the government to reduce the number of permits the following year, effectively raising the cap and allowing individuals to “do their bit.” This … Read More
Confessions of an Economic Hitman
A fantastic book to read (reminded me of an early Ludlum book…tho this is as real as it gets), author John Perkins talks about the background to his writing. Readers of this site will put 2 + 2 together as to who really benefits from the work of these engineering behemoths.