Troubles ahead for world economy the 7.30 Report. Transcript of interview with Joseph Stiglitz. Extract: Joseph Stiglitz is a Nobel laureate, a former chief economist of the World Bank and he chaired Bill Clinton’s presidential council of economic advisors. His latest book, ‘Freefall’, is a worrying critique of the root causes of the Global Financial […]
Entries from July 29th, 2010
Hedge funds accused of gambling with lives
July 19th, 2010 · No Comments · general
Hedge funds accused of gambling with lives of the poorest as food prices soar refers to a report on how trading in food commodity derivatives inflates and destabilises food prices with devastating consequences for the poorest communities globally. Deborah Doane, WDM director, said: “Investment banks, like Goldman Sachs, are making huge profits by gambling on […]
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The depersonalisation of capitalism
July 18th, 2010 · No Comments · general
I have been in email correspondence with my colleague Richard Kilminster following on from some very interesting and constructive comments on a draft article I am writing on critical pedagogy. The discussion concerns various issues around the marxist underpinnings and the normative basis of critical pedagogy as developed from the Frankfurt School Critical Theory and […]
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Austerity drive will hand billions to private sector
July 17th, 2010 · No Comments · general
Austerity drive will hand billions to private sector guardian.co.uk, Friday 16 July 2010 21.50 BST This report seems to confirm that the outcome of the ConDem’s budget and economic policy, intentionally or otherwise, will be the front door, back door and side entrance privatisation of everything the corporations can lay their hands on that will […]
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Austerity: Why and for Whom? by Rick Wolff
July 16th, 2010 · No Comments · economics
Austerity: Why and for Whom? by Rick Wolff. On-line article at Commondreams.org. Links austerity programmes across Europe to conditions set by banks lending to governments due to fears of defaults on government debts. For instance the high rates of interest imposed on Greece in return for bail out loans by European banks. If governments default […]
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Reading 15-7-01
July 15th, 2010 · No Comments · economics, general
Considering the importance of liberalism in the current government’s economic and social policies, the restructuring and deficit reductions being undertaken throughout Europe voluntarily it seems and being forced upon less developed countries by the IMF etc. my reading over the last month, and still ongoing, has been an attempt to understand liberalism and how it […]
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Caving in to the corporations?
July 14th, 2010 · No Comments · general
“Health” Secretary Andrew Lansley seems to be in process of abandoning every health initiative taken by the previous Labour government, often based on a pretty near consensus of health professionals and social commentators and vigorously opposed by the food industry. Under the ConDems the corporations have won by the look of it, providing more evidence […]
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Privatisation of everything?
July 13th, 2010 · No Comments · economics, general
In a previous post – A neoliberal budget for business and marketisation? – I began to document the claim that the emergency budget was informed by the supposedly discredited neoliberal economic doctrine. The recent changes to the education system and the NHS proposed by the ConDem government both seem to offer opportunities for ‘back door’ […]
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The Idea of Communism at Marxism 2010
July 12th, 2010 · No Comments · economics
“The Idea of Communism” at Marxism 2010 (1/2) from Kosho Yoshiyama on Vimeo. A debate between Alex Callinicos, John Holloway and Slavoj Zizek on the Idea of Communism.
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How Goldman Sachs gambled on starving the world’s poor – and won
July 2nd, 2010 · No Comments · economics
http://johannhari.com//2010/07/02/how-goldman-sachs-gambling-on-starving-the-worlds-poor-and-won Posted by Johann Hari By now, you probably think your opinion of Goldman Sachs and its swarm of Wall Street allies has rock-bottomed at raw loathing. You’re wrong. There’s more. It turns out the most destructive of all their recent acts has barely been discussed at all. Here’s the rest. This is the story […]
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