Wednesday, August 31, 2016

Alex Christoforou — France’s Marine Le Pen tells CNN, “I think Hillary Clinton means war”

Le Pen also went after Clinton, saying the former secretary of state would bring “war,” “devastation” and “instability” as president.
“For France, anything is better than Hillary Clinton. Anything but Hillary Clinton. Because I think Hillary Clinton means war. Hillary Clinton means devastation. It means world instability.”
America in general either believes that instability will not affect the homeland because it is isolated geographically, other than the Mexican border, and that this can be resolved by building a wall across it. And so it goes.

Noah Smith — Calling All Sociologists: America Needs You


Something I can agree with.
There are many more economists in the public sphere than sociologists. The president has a Council of Economic Advisers, but no Council of Sociological Advisers. Every presidential candidate has an economic team, but you never hear about a sociology team. There are government-run institutions like the World Bank, the International Monetary Fund and the Federal Reserve banks staffed with Ph.D. economists, but no such brain-trusts of sociologists.
In the media, economists such as Paul Krugman, my Bloomberg View colleague Tyler Cowen and others command large audiences and great intellectual respect. Nor are they unusual -- many economists blog, or write for important news outlets. As for sociologists, though a few do interact with the public -- for example, Tressie McMillan Cottom of Virginia Commonwealth University or Fabio Rojas of Indiana University-Bloomington -- most remain in the ivory tower.
That’s a shame, because, as Bloomberg reporter Brendan Greeley recently pointed out, more and more of America’s problems look sociological rather than economic.
It's a terrible mistake to see all issues as chiefly or exclusively economic, either in origin or solution.

What is a required is a system approach that is both trans-disciplinary (inclusive) and also meta-disciplinary (integrative). Economist Kenneth Boulding got this, for example, as did E. F. Schumacher. Karl Marx got it, too.

Here is what John Maynard Keynes had to say about it:
The study of economics does not seem to require any specialized gifts of an unusually high order. Is it not, intellectually regarded, a very easy subject compared with the higher branches of philosophy or pure science? An easy subject at which few excel! The paradox finds its explanation, perhaps, in that the master-economist must possess a rare combination of gifts. He must be mathematician, historian, statesman, philosopher—in some degree. He must understand symbols and speak in words. He must contemplate the particular in terms of the general and touch abstract and concrete in the same flight of thought. He must study the present in the light of the past for the purposes of the future. No part of man’s nature or his institutions must lie entirely outside his regard. He must be purposeful and disinterested in a simultaneous mood; as aloof and incorruptible as an artist, yet sometimes as near to earth as a politician. — J. M. Keynes "Alfred Marshall, 1842-1924" The Economic Journal, (Sept.,1924), 321-322
This goes not only for policy but also education. The disciplinary approach reflects the disjointed approach of methodological individualism that is fundamental to neoclassical based economics and the neoliberal political theory based on it. It's literally killing us.

Bloomberg View
Calling All Sociologists: America Needs You
Noah Smith

Glenn Greenwald: Obama Has Bombed 7 Nations, But Clinton Claims He Has Not Been Militaristic Enough [Video]

I thought this summed up the difference between Hilary and Trump pretty well.

http://www.democracynow.org/2016/8/31/glenn_greenwald_obama_has_bombed_7

Pulitzer Prize-winning journalist Glenn Greenwald looks at the foreign policies of Hillary Clinton and Donald Trump. "You have President Obama, who himself has been very militaristic—he has bombed seven predominantly Muslim countries in the last seven years—and yet Secretary Clinton’s critique of his foreign policy is, in every case, that he’s not aggressive enough, he’s not militaristic enough," Greenwald said. "And in Syria, in particular, they seem to really be itching to involve the U.S. a lot more directly and a lot more aggressively in that conflict."

Sputnik International — Clinton Promises Military Force Against Hackers in Most Hawkish Speech Yet


The lady is a psychopath. If Americans elect her, they are likely to get what they deserve. That goes for electing Donald Trump, too.

The US is becoming more and more divided domestically and increasingly diminished abroad. This is leading to social and political dysfunction, along with economic and financial dysfunction. This direction is unsustainable in the long run, and it has been going on for decades. Is neoliberalism and neoconservatism cresting? If so, what's to replace it?

Sputnik International
Clinton Promises Military Force Against Hackers in Most Hawkish Speech Yet

Branko Narcotic — The FBI’s Secret War

COINTELPRO, short for “Counter Intelligence Program,” was the name given to a series of programs initiated by the Bureau between 1956 and 1971 aimed at undermining and eradicating groups, movements, and individuals — almost all of which were part of the Left — it viewed as threats to national security and social order.…
As the Church Committee, a congressional committee set up in 1975 to analyze the excesses of US law enforcement and intelligence agencies over the preceding decades, put it, what followed was “a secret war against those citizens it considers threats to the established order.”…
List of outrageously "dirty tricks," including framing.
Particularly shameful was the episode involving the actress Jean Seberg, who donated money to the Black Panthers. As well as wiretapping and following her, the FBI decided to destroy her reputation by circulating gossip that her unborn baby had been the product of an affair with a member of the Black Panthers. The LA Times and Newsweek both ran the made-up story.
When Seberg read it, she attempted suicide, resulting in the stillbirth of her baby. According to her partner, she attempted suicide every year near the anniversary of the baby’s death, eventually succeeding on August 30, 1979.
 in Seberg’s case, the media was complicit in the FBI’s operations. Much like the intelligence officials today who leverage the anonymity granted to them by reporters to make a raft of claims that go unchallenged, the FBI regularly relied on friendly newspapers and publications to disseminate these lies.…
Of all the FBI’s COINTELPRO operations, none were as vicious as those carried out against various civil rights organizations.
Of all the movements of this period, the FBI viewed civil rights organizers as the greatest threat of all. According to an internal FBI document produced in 1963, civil rights protests were a threat to the “established order,” and Martin Luther King Jr a dangerous radical who had to be stopped.…
Interesting how US history is punctuate with assassinations by a lone perp under circumstances that where never explicated satisfactorily — JFK, RFK, MLK Jr., Malcolm X, Karen Silkwood.

Now it is not just the FBI but DHS. And the president now has virtually unlimited power to order the assassination of American citizens without judicial review or legal representation.

Jacobin
The FBI’s Secret War
Branko Marcetic

Matias Vernengo — The Mediatic-Parliamentary Coup in Brazil

President Dilma Rousseff was finally toppled down today. Yes, it's a coup, different in nature to the previous ones (last in Brazil was in 1964), but with the same consequences. I have discussed the nature of the process here, here, here, and here (this last more on the economy, from last year) before. It is a coup that has received discrete support from the US government, by the way, as much as the elected neoliberal government of Macri in Argentina (Obama visited the latter, a government that basically tries to vindicate the last and genocidal dictatorship in Argentina).…
Note that the worse that can actually be said, and it was repeated ad nauseamby the opposition, is that she lied during the campaign. And she did. She promised a government against bankers, and for the people, with expansion of social expenditures, and did a u-turn, and delivered the neoliberal policies that the opposition was requesting.…
Naked Keynesianism
The Mediatic-Parliamentary Coup in Brazil
Matias Vernengo | Associate Professor of Economics, Bucknell University

Adam Johnson — Stoking Russia Panic for Partisan Gain Will Have a Long-Term Price for Peace

On Saturday’s episode of AM Joy with Joy Ann Reid, guest Malcolm Nance, a former Naval intelligence officer, summed up MSNBC’s Russia panic with this quote:

Joy Ann Reid: Because from what I’ve seen, the only people not with Hillary Clinton at this point…are people in the Jill Stein camp. Jill Stein was sitting at Putin’s table right with General Flynn.
Malcolm Nance: Jill Stein has a show on Russia Today.
Green Party presidential candidate Jill Stein doesn’t have a show at all, let alone on RT. She once attended a function hosted by RT, which, by our current standards of liberal discourse, makes her a Kremlin agent, but the fact that such a demonstrably false statement could be made on cable news to thousands of people without anyone bothering to correct it shows how easy Russia panic is to stoke.
Earlier in the segment, Nance made the claim that “someone” in Trump’s campaign “may” be an “agent of Russia,” citing a recent report in the Financial Times (8/19/16) alleging that Trump’s former campaign manager Paul Manafort’s former translator “may” have “links” to Russian intelligence.
The irony, of course, is that Nance himself has far more recent and better documented ties to US intelligence, but MSNBC feels no need to convince viewers he is not a CIA plant spreading disinformation.…
It gets even worse as it goes. Not only smearing Trump and Putin, but now Jill Stein, too. Beyond McCarthyism. Sick (psychopathological).

MSNBC the new Fox? Looking that way. I stopped watching them sometime after Keith got the boot and before Cenk resigned in protest of manipulation.

FAIR — Fairness & Accuracy in News Reporting
Stoking Russia Panic for Partisan Gain Will Have a Long-Term Price for Peace
Adam Johnson

Also

Medium
The Arizona Election Hack Story Is An Embarrassment To Everyone Involved
Jeffrey Carr

Washington Babylon
Trump, the Manchurian Candidate: One of Election 2016’s crudest smears
Paul Starobin | former Moscow bureau chief for Business Week

Anti-War
The Campaign to Blame Putin for Everything — Who’s behind it?
Justin Raimondo

Brian Romanchuk — Should We Care About Strong Money Supply Growth?

Although I am not completely averse to the use of monetary aggregates in these circumstances, my feeling is that they are not more useful than any other credit aggregates. Furthermore, the use of credit aggregates is probably safer than the monetary aggregates. Monetary aggregates are a fairly arbitrary hodge-podge of instruments. (Why would we expect that there is any useful information in the sum of currency in circulation and required reserves?) If we look at credit data, we are more likely to have a cleaner read on what is actually happening within the economy.
Bond Economics
Should We Care About Strong Money Supply Growth?
Brian Romanchuk

Bill Mitchell — Indexed bank reserve support schemes will not expand credit

On the Wikipedia page for economist Ricardo Reis we learn he was “Influenced by: Greg Mankiw”, which basically should tell you everything. Everything that is that would lead to the conclusion that his macroeconomics is plain wrong. Yet his connections in the profession are strong and has prestigious academic appointments, is ensconced in senior editorial positions on influential economics journals, advises central banks in the US and has regular Op Ed space in a leading Portuguese newspaper (his home nation). These facts tell you what is wrong with my profession. That someone can write articles that are just so off the mark yet have significant influence in the profession and be held out in the public debate as to be someone who is worth listening to and being reported on. I have received many E-mails in the last few days about the proposal offered by Reis at Jackson Hole last week. Many readers are still confused and actually thought the proposal had credibility. Let me be clear – bank lending is not influenced by the reserve positions of the banks. Without credit-worthy borrowers lining up to access loans, the banks could have all the reserves in the world and the central bank could invoke any number of nifty ‘indexing’ or other support payment schemes on those reserves, and the banks would still not lend. And with those credit-worthy borrowers lining up to access loans, the banks will always lend irrespective of their current reserve position or the nifty support schemes the central bank might dream up. Core Modern Monetary Theory (MMT) 101!…
Bill Mitchell – billy blog
Indexed bank reserve support schemes will not expand credit
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

John Pilger: Provoking nuclear war by media

http://johnpilger.com/articles/provoking-nuclear-war-by-media

Excerpts:

The exoneration of a man accused of the worst of crimes, genocide, made no headlines. Neither the BBC nor CNN covered it. The Guardian allowed a brief commentary. Such a rare official admission was buried or suppressed, understandably. It would explain too much about how the rulers of the world rule.

The International Criminal Tribunal for the former Yugoslavia (ICTY) in The Hague has quietly cleared the late Serbian president, Slobodan Milosevic, of war crimes committed during the 1992-95 Bosnian war, including the massacre at Srebrenica.

Far from conspiring with the convicted Bosnian-Serb leader Radovan Karadzic, Milosevic actually "condemned ethnic cleansing", opposed Karadzic and tried to stop the war that dismembered Yugoslavia. Buried near the end of a 2,590 page judgement on Karadzic last February, this truth further demolishes the propaganda that justified Nato's illegal onslaught on Serbia in 1999.

Milosevic died of a heart attack in 2006, alone in his cell in The Hague, during what amounted to a bogus trial by an American-invented "international tribunal". Denied heart surgery that might have saved his life, his condition worsened and was monitored and kept secret by US officials, as WikiLeaks has since revealed.

Milosevic was the victim of war propaganda that today runs like a torrent across our screens and newspapers and beckons great danger for us all. He was the prototype demon, vilified by the western media as the "butcher of the Balkans" who was responsible for "genocide", especially in the secessionist Yugoslav province of Kosovo. Prime Minister Tony Blair said so, invoked the Holocaust and demanded action against "this new Hitler". David Scheffer, the US ambassador-at-large for war crimes [sic], declared that as many as "225,000 ethnic Albanian men aged between 14 and 59" may have been murdered by Milosevic's forces.

This was the model for Washington's subsequent invasions of Afghanistan, Iraq, Libya and, by stealth, Syria. All qualify as "paramount crimes" under the Nuremberg standard; all depended on media propaganda. While tabloid journalism played its traditional part, it was serious, credible, often liberal journalism that was the most effective - the evangelical promotion of Blair and his wars by the Guardian, the incessant lies about Saddam Hussein's non-existent weapons of mass destruction in the Observer and the New York Times, and the unerring drumbeat of government propaganda by the BBC in the silence of its omissions.

The CIA has demanded Trump is not elected. Pentagon generals have demanded he is not elected. The pro-war New York Times - taking a breather from its relentless low-rent Putin smears - demands that he is not elected. Something is up. These tribunes of "perpetual war" are terrified that the multi-billion-dollar business of war by which the United States maintains its dominance will be undermined if Trump does a deal with Putin, then with China's Xi Jinping. Their panic at the possibility of the world's great power talking peace - however unlikely - would be the blackest farce were the issues not so dire.

BBC: Scientific Racism The Eugenics of Social Darwinism



The Europeans had stormed the world in previous centuries wiping out indigenous people everywhere.

THE TRUTH OF NATIVE AMERICANS BEFORE THE GENOCIDE

The Europeans slaughtered the native American Indians which is said to be the worst genocide ever. The native Americans  couldn't believe the savagery of the Europeans who they had initially welcomed with gifts. It was custom for different tribes to meet up and exchange gifts which was the way their young would meet new partners preserving variety in the gene pool.

Christopher Columbus shot the first few native Americans he met when they failed to take him to any gold. He said the native Americans were very docile and friendly and so would be easy to overcome and turn into slaves.


There was great and cultured civilizations in Africa too before the Europeans came along but knowledge of this has been banished from history. The idea that Europeans brought civilization was just propaganda.

The film runs out of sound at the end.

Israel's New Racism: The Persecution of African Migrants in the Holy Land



Racism is ugly, and millions have died because of it.

Tuesday, August 30, 2016

Sputnik International — 'Powerful Russian Weapons'? Washington Post Fears Putin’s 'October Surprise'


Washington and its clumsy propaganda machine desperately tries to get a ahead of the shoes set to drop by blaming it on Putin in advance, with no evidence, of course. Are they panicking?

I wonder if they realize they are portraying Putin as the most powerful person on the planet and driving his stock up.

Sputnik International
'Powerful Russian Weapons'? Washington Post Fears Putin’s 'October Surprise'

The Moderate Syrian Opposition Are Terrorists from All over the World — Desislava Pateva Interviews Mohammed Ibrahim


Interview with a Syrian who also has Bulgarian citizenship and now lives in Bulgaria. Longish but revealing.

SouthFront
Interview conducted by Desislava Pateva with Mohammed Ibrahim, chairman of the Association of Syrians in Bulgaria; Originally appeared at A-specto, translated by Borislav exclusively for SouthFront

Anatoly Karlin — China Overtakes US in Scientific Articles, Robots, Supercomputers

By the end of the 1990s, China had come to dominate the mainstays of geopolitical power in the 20th century – coal and steel production. As a consequence, it leapt to the top of the Compositive Index of National Capability, which uses military expenditure, military personnel, energy consumption, iron and steel production, urban population, and total population as a proxy of national power. Still, one could legitimately argue that all of these factors are hardly relevant today. While Germany’s fourfold preponderance in steel production over Russia may have been a critical number in 1914, China’s eightfold advantage in steel production over the US by 2014 is all but meaningless in any relevant comparison of national power.
By the end of the 2000s, like Victorian Britain in the mid-19th century, China became the workshop of the world, overtaking the US in both manufacturing and coming very close to it in terms of PPP-adjusted GDP. As a consequence, this was when China also overtook the US on a wide range of consumer welfare and ecological impact indicators, such as exports, CO2 emissions, Internet users, energy consumption, car sales, car production, and number of patents issued. Still, its presence in the hi-tech sector was still pretty modest, and innovation was low. This was not yet an economy that could furnish first-class armaments, or inspire far off peoples to carry out color revolutions in its name.
But as of this year, China is hurtling past yet another set of inflection points – the hi-tech component of its economy, roughly comparable to any of the major European Powers a mere decade ago, is now about to converge and then hurtle past that of the US (even if in per capita terms it remains considerably behind, like South Korea 20 years ago).
Here are the three numbers that illustrate this:
The Unz Review
China Overtakes US in Scientific Articles, Robots, Supercomputers
Anatoly Karlin

Zero Hedge — New DNC Chair Says Outrage Over Clinton's Pay-To-Play Is Attempt To "Criminalize Normal Behavior"

Just to clarify Brazile's position, trading "access" to the Secretary of State in return for donations from questionable international characters and misappropriating DNC funds is in no way criminal but revealing such information to the public is. So as long as we're kept in the dark there is no crime. Got it. Thanks.
Good along with the only people to have been prosecuted and sentenced for crimes revealed by whistleblowers have been the whistleblowers. Great government the US has.

Zero Hedge
New DNC Chair Says Outrage Over Clinton's Pay-To-Play Is Attempt To "Criminalize Normal Behavior"
Tyler Durden

Sputnik International — Why Russia's Sketchy 90s-Style Privatization Will Never Be Repeated

Independent Russian journalist Dmitri Pskezin explains why the Russian government's plans to privatize several major state assets have absolutely nothing in common with the robber baron privatization of the 1990s. In the early- to mid-1990s, immediately after the collapse of the Soviet Union, the Russian government began a vast campaign to privatize state-owned assets. The fire sale included major industrial, energy and financial enterprises, and resulted in massive economic turmoil, a dramatic growth in poverty and inequality, and the political rise of Russia's oligarchs. In the 2000s, after succeeding Boris Yeltsin, Vladimir Putin managed to partially reverse the results of the privatization, regaining several strategic assets, including in the defense and energy sectors, and to reign in the oligarchs, virtually eliminating their open attempts to influence Russian politics.
Still clueless, but not as clueless as when they were being advised by the US. They still think that they need to get money and apparently buy in to the neoliberal scam of "efficiency."

Sputnik International
Why Russia's Sketchy 90s-Style Privatization Will Never Be Repeated

Sputnik International — Warning Bell: Attack on Chinese Embassy in Kyrgyzstan Signals Alarming Changes

An attack on the Chinese embassy in Bishkek, the capital of Kyrgyzstan on Tuesday morning is an alarming signal. The negative scenarios for further developments in Central Asia, which have long been the cause of concern both for Russia and China, are now gradually materializing, military expert Vasily Kashin told Sputnik.…
The negative scenarios for the further developments in Central Asia, which have long been the cause of concern both for Russia and China, are now gradually materializing, he added. The elderly generation of authoritative leaders is gradually quitting, economic and demographic problems are mounting and the popularity of radical religious movements is growing….
Any wonder why Russia and now China are invested in opposing jihadis in Syria, some backed by the US as proxies against not only Assad but them also.

Sputnik International
Warning Bell: Attack on Chinese Embassy in Kyrgyzstan Signals Alarming Changes

Sputnik International — Shadowy Ex-DARPA Head Becomes Consultant to Ukraine's Military Industry

The revolving door extends its reach.
Kiev doesn't seem to have lost its appetite for hiring foreign officials and advisors. Their latest acquisition is Anthony Tether, the former head of the Pentagon's secretive Defense Advanced Research Projects Agency, better known as DARPA. Tether is now an advisor for Ukraine's state-owned defense conglomerate Ukroboronprom.
Sputnik International
Shadowy Ex-DARPA Head Becomes Consultant to Ukraine's Military Industry

Wayne Madsen — Soros Ran US Foreign Policy on Post-Coup Ukraine


Not just Ukraine, either. Wayne Madsen reads though the Wikileaks docs so you don't have to.

George Soros has two side, political and economic/financial. Of course, they meet in promoting his overall interests. Politically, Soros is a liberal internationalist and liberal interventionist who uses his wealth and the influence it gives him to shape geopolitics through both US policy and personally funded subversion through NGOs. His goal is a neoliberal Europe effectively without borders from the Atlantic to the Urals. These policies also contribute to his financial interests in the affected areas. when push comes to shove, idealism gives way to realism and Soros acts to protect his interests.

Strategic Culture Foundation
Soros Ran US Foreign Policy on Post-Coup Ukraine
Wayne Madsen

Also
Major media outlets in the US have ignored the leak of thousands of emails from billionaire George Soros’s Open Society Foundation by the activist hacker group DCLeaks. The OSF is the vehicle through which Soros has funneled billions of dollars over the past two decades to non-profit organizations in the US and throughout the world.
According to the documents, Soros has given more than $30 million to groups working for Hillary Clinton’s election in November, making him her largest single donor. So it is likely the case that the media’s support for Clinton has played some role in the mainstream media’s bid to bury the story.

It is also likely however, that at least some news editors failed to understand why the leaked documents were worth covering. Most of the information was already public knowledge. Soros’s massive funding of far-left groups in the US and throughout the world has been documented for more than a decade.
But failing to see the significance of the wider story because many of the details were already known is a case of missing the forest for the trees. The DCLeaks document dump is a major story because it exposes the forest of Soros’s funding networks.
The first thing that we see is the megalomaniacal nature of Soros’s philanthropic project. No corner of the globe is unaffected by his efforts. No policy area is left untouched.
On the surface, the vast number of groups and people he supports seem unrelated. After all, what does climate change have to do with illegal African immigration to Israel? What does Occupy Wall Street have to do with Greek immigration policies? But the fact is that Soros-backed projects share basic common attributes.
They all work to weaken the ability of national and local authorities in Western democracies to uphold the laws and values of their nations and communities.
They all work to hinder free markets, whether those markets are financial, ideological, political or scientific. They do so in the name of democracy, human rights, economic, racial and sexual justice and other lofty terms.
In other words, their goal is to subvert Western democracies and make it impossible for governments to maintain order or for societies to retain their unique identities and values.…
The peoples of the West need to recognize the common foundations of all Soros’s actions. They need to realize as well that the only response to these premeditated campaigns of subversion is for the people of the West to stand up for their national rights and their individual right to security. They must stand with the national institutions that guarantee that security, in accordance with the rule of the law, and uphold and defend their national values and traditions.
Internationalists like Soros view national sovereignty and democracy as the enemy of international
organizations making the rule and policing the globe to ensure the rules are followed.

Jerusalem Post
Our World: Soros’s campaign of global chaos
Caroline B. Glick

David Dayen — The Big Problem With The Trans-Pacific Partnership’s Super Court That We’re Not Talking About

Financiers will use it to bet on lawsuits, while taxpayers foot the bill.
The Huffington Post
The Big Problem With The Trans-Pacific Partnership’s Super Court That We’re Not Talking About
David Dayen

Defend Democracy — France demands an end to TTIP talks

French trade minister blames lack of progress on US intransigence and echoes recent comments from German counterpart
France’s trade minister has increased the pressure on the proposed EU-US trade deal by calling for the talks to be called off.
Matthias Fekl, the French minister for foreign trade, tweeted that his government demanded negotiations on the Transatlantic Trade and Investment Partnership (TTIP)should cease.
François Hollande, the French president, also raised doubts about TTIP and said France would not support a deal this year.
In a speech to French ambassadors, Hollande said: “The negotiations are bogged down, positions have not been respected, it’s clearly unbalanced.” He said he would withhold support from any agreement reached before the end of Barack Obama’s presidency in January.…
The vassals are getting restless.

Reuters — China regulator to curb news that promotes 'Western lifestyles'


China is not alone. Traditional societies will not tolerate Western liberalism, which they view as "degenerate," having lost their moral compass in the pursuit of fame, fortune, power and pleasure at the expense of traditional values.

Interestingly, this reflects the view of the early Christians about Rome that the West maintained until after WWII and especially after the commercial exploitation of the Sixties counterculture and the rise of celebrity. 

What Western liberalism views as propaganda, censorship and repression, the traditional world views a preventing corruption. A significant portion of Western liberal society agrees that things have gone too far and is pushing back. It's even got a name — "culture war."

Reuters
China regulator to curb news that promotes 'Western lifestyles'
Reporting by Michael Martina; Editing by Simon Cameron-Moore

Joe Mellor — “Capitalism needs criminal syndicates and criminal markets,” says Mafia expert


I had a friend, now deceased, who was experienced in intelligence. His view was that democracy is actually safeguarded by a balance between "the armed criminals inside government and the armed criminals outside government." 

In totalitarian societies there is no organized crime and the only power center is government. But a government also has to be strong enough so that the armed criminals outside of government don't take over government. The ideal is a standoff that prevents any armed group from dominating.

This post is interesting in that light.
One of the world’s leading experts in the Mafia, Roberto Saviano, has claimed that Capitalism relies on vast global criminal networks to thrive. They are actually part of the same system, the legal and the illegal worlds are increasingly merging.
The London Economic

Taleb: Intelectual yet Idiots not even wrong


Taleb (FD: imo a stochastic person) still makes a good observation here wrt the "out of money!" morons are simply not trained/qualified to be working in the area they are working in:





Trump Invites Nigel Farage To Speak - Republican Rally - 8/24/16, Jackson, Mississippi

I never thought I would approve (of some) right wingers so much. Here Nigel Farage gives an excellent speech and even warns of the neoliberals starting WW3. Donald Trump stands in the background giving him a big thumbs up like a big schoolboy. Nigel Farage says UKIP said no to the bankers, no to the faceless bureaucrats, and no to the [neo]liberals that run our world and the audience gives a big cheer. In fact, in this speech, at least, no left-winger could disagree with it.

The neoliberals want to impoverish the world (and so do the right) so much so that desperate people in the third world feel the need to flees their homes, friends, and families to the West to escape their terrible poverty. If it wasn't for corporate capitalism people in the third world would be living a very reasonable life without all these wars and there wouldn't be an immigration problem.

The ruling elite say that corporate capitalism is the same things as 'ordinary people's capitalism', like mum and pop small business, but Nigel Farage will have none of that and his conservative crowd cheer on. Would you believe it, the right seem to have become the progressive party?


I have not gone to the right, I just don't want to be fried in one of the neoliberal's wars.

Monday, August 29, 2016

Miles Mogulescu — Don't Underestimate How Much Steve Bannon Can Damage Hillary Clinton


What you probably don't know about Steve Bannon. Count on him saving his best shots for October.

Truthout
Don't Underestimate How Much Steve Bannon Can Damage Hillary Clinton
Miles Mogulescu, Campaign for America's Future | Op-Ed

Alan Kirman — Orthodox Economics Is Empirically Invalid and Theoretically Flawed. Bring on Complexity Economics.

Over the last two centuries there has been a growing acceptance of social and political liberalism as the desirable basis for societal organisation. Economic theory has tried to accommodate itself to that position and has developed increasingly sophisticated models to justify the contention that individuals left to their own devices will self organise into a socially desirable state. However, in so doing, it has led us to a view of the economic system that is at odds with what has been happening in many other disciplines.
Although in fields such as statistical physics, ecology and social psychology it is now widely accepted that systems of interacting individuals will not have the sort of behaviour that corresponds to that of one average or typical particle or individual, this has not had much effect on economics. Whilst those disciplines moved on to study the emergence of non-linear dynamics as a result of the complex interaction between individuals, economists relentlessly insisted on basing their analysis on that of rational optimising individuals behaving as if they were acting in isolation. Indeed, this is the basic paradigm on which modern economic theory and our standard economic models are based.. It dates from Adam Smith’s (1776) notion of the Invisible Hand which suggested that when individuals are left, insofar as possible. to their own devices, the economy will self organise into a state which has satisfactory welfare properties.
Yet this paradigm is neither validated by empirical evidence nor does it have sound theoretical foundations. It has become an assumption. It has been the cornerstone of economic theory although the persistent arrival of major economic crises would seem to suggest that there are real problems with the analysis.…
Evonomics
Orthodox Economics Is Empirically Invalid and Theoretically Flawed. Bring on Complexity Economics.
Alan Kirman | professor emeritus of Economics at the University of Aix-Marseille III and at the Ecole des Hautes Etudes en Sciences Sociales and is a member of the Institut Universitaire de France

Michael Brenner — "The New Ancien Regime Arrives In The White House"

The post-Cold War era has witnessed similar continuity. Six successive administrations headed by four different Presidents have dedicated America to accomplishing the same ends. They have been: promote the extension of a globalized world economy grounded on neo-liberal principles are far as possible; foster democratic political systems headed by leaders sympathetic to Washington’s philosophy and leadership; isolate and bring down any government that actively resists this campaign; and maintain the United States’ dominant position as rule-setter in international organizations.…
Sic Semper Tyrannis
Michael Brenner | Senior Fellow, the Center for Transatlantic Relations; Professor of International Affairs, University of Pittsburgh