Even Davos is Discussing the Influence of Rentiers on Inequality

Karl FitzgeraldCommentaryLeave a Comment

Renegade Economists Show 528

As broadcast on the 3CR airwaves 5.30 – 6pm Wednesdays.
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Show Notes
A key forum from none other than the World Economic Forum, Davos asks ‘How is Rentier Capitalism Aggravating Inequality?’ Renegade economists’ ears will prick up at such a title, where a sophisticated discussion of monopoly rents, patents, globalisation, populism and land rents ensue. Panelists Ricardo Haussmann and Guy Standing dig in deep.

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World Economic Forum video page
Henry George on patents, copyright.

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De Niro’s Island Paradise Coup

Karl FitzgeraldMultimedia2 Comments

Renegade Economists Show 527

As broadcast on the 3CR airwaves 5.30 – 6pm Wednesdays.
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Show Notes
We forge ahead deeper into the disaster capitalism tearing at island life on Barbuda, one of the few remaining places on the planet where land hasn’t been commodified and the people thrown into a lifetime of debt. Teckla C Nega Melchior hits hard with one story after another revealing the levels of deceipt de Niro and Packer are pushing. Why is de Niro busy talking about global warming threats but still so enamored to be pushing this project upon a nation where the water table sits just two feet underground?

Related Links
De Niro talks at climate conference
De Niro at the UN
Barbuda Silent No More

Here is the text of the letter sent to the UN regarding de Niro’s appearance at the UN:

His Excellency António Guterres
United Nations Headquarters
New York, NY, 10017, USA

Dear Secretary-General Guterres,

We, the undersigned, write to strenuously object to the decision to have the actor, Robert De Niro assume the role of spokesman for the people of Barbuda at the High-Level Meeting on Hurricane Irma held in the Trusteeship Council on 18 September 2017. We respectfully insist that a full-throated and equally well publicized explanation of why Di Niro was given the privilege of speaking in the house of the World’s People to in effect enjoy free advertisement for one minute and forty-nine seconds for a project that was roundly rejected by the people of Barbuda, namely: Paradise Found, LLC. which is at present an aspect of a lawsuit (Antigua and Barbuda Civil Appeal No.7 of 2015).

Mr. De Niro is not a Barbudan, which is defined as persons who are direct descendants, by blood, of the original Persons brought to the island in 1685. Although he did purchase his citizenship to Antigua and was in short order made Economic Envoy, a diplomatic position that was accompanied by Diplomatic Passports, that designation by the Antiguan Prime Minister Gaston Brown does not qualify him or entitle him to speak on behalf of the Barbudan People. In noting the Rules of Procedures of the General Assembly (RoP) our objections are rooted primarily in RoP, Rule(s) 25, 27, 28 and 29. As Citizens of a Member State we invoke the right to object to the seating of Mr. De Niro and further accept that the vetting of Mr. De Niro falls to the Government of Antigua. However, with a minimum effort by General Assembly Affairs it would have been readily apparent that Mr. Di Niro has not exhibited extraordinary technical expertise; he is not a permanent member of the Antigua Mission to the United Nations nor does he, according to the United States under the provisions of Article V, Section 15 of the Headquarters Agreement between the United States and the United Nations, comply with United States State Department Document number HC-06-05 with the first criteria of designation of a Diplomatic envoy. As of the date of this letter Mr. De Niro’s designation or registration as a Foreign Agent or registration with the United States Department of Justice has not been located.

In conclusion, we draw your kind attention to A/RES/50/172 which reiterates the letter and spirit of Chapter 2 of the United Nations Charter and further invokes the Vienna Declaration and Program of Action of equal rights and self-determination of peoples enshrined in the Charter of the United Nations. Specifically, paragraphs 2,3,5 and 7. As His Excellency, Secretary-General Guterres and the Secretariat are well aware the People of Barbuda have been fighting for their Constitutional and Human Rights for a long time and entreated the assistance of the UN Commission for Human Rights, other United Nations Programs and Agencies, Non-Governmental Organizations and previous Secretary Generals. It is our sincere hope that previous promises of assistance on these matters will not be forgotten in the aftermath of Irma. We also hope that the lack of due diligence exhibited prior to the gross insult of Mr. De Niro assuming rights to which he is not entitled is swiftly rectified and publicly acknowledged.

Sincerely,

cc:

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Winds of Change Hit Paradise Barbuda

Karl FitzgeraldCommentary, Multimedia2 Comments

Renegade Economists Show 526

As broadcast on the 3CR airwaves 5.30 – 6pm Wednesdays.
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Show Notes
A billionaire, a Hollywood superstar and Hurricane Irma have converged to wipe away some of the last tidings of communal land title on the idyllic island of Barbuda. Listen to this harrowing story of rent-seekers enlisting disaster capitalism to wipe away any alternative to neoliberal economics. Part 1 in a story that must be told, again and again.

Related Links
Paradise Found bill – check points 4 and 5 for over-ruling of Barbudan law. Look at the number of tax exemptions. Also the cost of $6.45m for some 500 acres = $13,000 per acre, much of it exclusive beachfront.
Naomi Klein on the corporate trickery behind this theft.
Barbuda Silent No More – great updates on how the community is picking up the pieces.

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Outsourcing Insiders

Karl FitzgeraldHot Issues, MultimediaLeave a Comment

Renegade Economists Show 525

As broadcast on the 3CR airwaves 5.30 – 6pm Wednesdays.
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Show Notes
Michael Tull (CPSU) discusses the first ever national audit of consultancy fees. Whilst we continually hear of budget cutbacks in order to achieve surplus, the insiders are making a surplus of their very own. Tune in to this rocky road of privatisations, delivering less for much more. It’s all part of our topsy turvy world eh?

“Procurement’ is up 42% from $33bn to $47bn in just nine years. 69.1% of the value of total procurement contracts were undertaken by the Dept of Defence.

Related Links
The headline: MPs alarmed by government consultancy spend.
Inquiry into Government Procurement by the Joint Committee of Public Accounts and Audit. Submissions due February Feb 16th.
Juicy stats on procurement
The CPSU pre-budget submission.

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unsplash-logoBrooke Lark

What’s Next – Privatising the Shade?

Karl FitzgeraldMultimedia, True Cost EconomicsLeave a Comment

Renegade Economists Show 524

As broadcast on the 3CR airwaves 5.30 – 6pm Wednesdays.
Subscribe to the weekly podcast
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Show Notes
With the summer heatwave hitting, Karl looks into the shortcomings of economic theory allowing insiders to make easy profits and pollute at will. We used to laugh at paying for oxygen but they now do so willingly in Asia. Will shade be next? The show also discusses profiteering distortions undermining our solar farms – before they are even built.

Related Links
Rooftop Solar record.
Eco system services defined
Hurricane Sandy costs saved by wetlands.
ABS – System of Environmental Economics Accounting System

Renegade Economists’ Glossary

Here’s the Twitter and watch #LVT, #commons, #rentier.

Share with your friends, or if you could, provide an itunes review for the show. Thankyou!