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Tag: Capitalism

Can Virtual Reality change racist reality? — video

Posted on 2015/02/23 by jd

This short video from EuroNews is interesting, but I do not think this can end racism. The reasons for racism are more complex than simply not liking or not being able to identify with someone else’s skin colour.

Could they, for example, do an identical experiment for poor and homeless people? How could this be used to combat Islamophobia? This experiment does nothing to help people understand the economic structural system needs to create an ‘Other’ and divide society so the elites can rule.

‘…Their new study shows that by using illusion techniques, it is surprisingly easy to trick people into thinking they have a body part with a different skin colour than their own, or even a different body…’
via Could virtual body swapping reduce racism? | euronews, science.

Posted in deeper thoughts, news dumpTagged Capitalism, Culture, Migration

remember this quote the next time you read the phrase: ‘Smart Cities’

Posted on 2015/02/23 - 2015/02/23 by jd

‘…There are only two ways to keep people out of any space – prices and policing. In other words, the prices will automatically be higher in such cities – the notion that they will be low cost is flawed. Even if possible from a cost provision perspective, they cannot be low cost from a demand supply perspective.

Even with high prices, the conventional laws in India will not enable us to exclude millions of poor Indians from enjoying the privileges of such great infrastructure. Hence the police will need to physically exclude people from such cities, and they will need a different set of laws from those operating in the rest of India for them to be able to do so. Creating special enclaves is the only method of doing so….’
via Smart cities or cleverly-disguised corporate colonies? – Intellectual Anarchy!.

Posted in news dumpTagged Capitalism, Globalism

Word for the day: Seigniorage

Posted on 2015/02/18 by jd

George Monbiot writes about Greece:

‘…One of these radical ideas was proposed a few months ago by Martin Wolf in the Financial Times. He suggests stripping private banks of their remarkable power to create money out of thin air. Simply by issuing credit, they spawn between 95% and 97% of the money supply. If the state were to assert a monopoly on money creation, governments could increase their supply without increasing debt. Seigniorage (the difference between the cost of producing money and its value) would accrue to the state, adding billions of pounds to national coffers. The banks would be reduced to the servants, not the masters, of the economy….’
via A maverick currency scheme from the 1930s could save the Greek economy | George Monbiot | Comment is free | The Guardian.

also see:
https://en.wikipedia.org/wiki/Seigniorage
http://lexicon.ft.com/term?term=seigniorage

Posted in news dumpTagged Capitalism, EU Austerity, Greece

Building Just and Open Societies using the Internet

Posted on 2015/02/17 by jd

‘Sixty percent of the world’s population, or more than four billion people, have little or no internet access…’
via The Role of the Internet in Building Just and Open Societies | Open Society Foundations (OSF).

Posted in news dumpTagged Capitalism, Globalism

How to End Empire, by Tariq Ali

Posted on 2015/02/15 - 2015/02/15 by jd

Tariq Ali [tv / web] writes: ‘…Therefore the least departure from capitalist norms on any continent, however moderately expressed or practiced, arouses the frenzy of the privileged and their retinues. Fear of the unexpected — uprisings, electoral revolts that challenge the status quo, street protests by the young, peasant jacqueries — compels the global elites to depend, in the last instance, on the threat or use of US military strength to settle every dispute in their favor. This creates a level playing field for the global rich alone, regardless of the resulting slaughter. Baghdad, Helmand, Tripoli, Kinshasa tell the tale.

Not since the interwar years has conflict been incited so shamelessly, and with such frightening frivolity. The combination of unchallengeable military power and the political intoxication it produces sweeps all else to the side. What the whole world knows to be false is proclaimed by the United States to be the truth, with media networks, vassals, and acolytes obediently in tow. The triumph of crude force is portrayed as a mark of intelligence or courage; criminal arrogance is described as moral energy.

Of course, such aggression doesn’t always succeed politically and, in most cases, the chaos it unleashes is much worse than what existed before. But the economic gains are palpable: the privatization of Libyan and Iraqi oil are the most salient examples.

via How to End Empire | Jacobin.

I am not sure that the imperialists got what they hoped for in these places – Oil and Gas are flowing from Iraq and Libya, but not even at the rates of the ‘best times’ of the prior regimes. Unless he is saying that privatization is the only point and they hope for extraction later after the natives stop resisting.

Posted in news dumpTagged Capitalism, Endless War

Emma Goldman Papers forced to leave Berkeley

Posted on 2015/02/13 - 2015/02/13 by jd

Surprise! Surprise! the state doesn’t want to fund Anarchism.
As Infoshop.org says, time to step up and support.

‘…“I’m afraid Dr. Falk has made this a bit adversarial,” [Berkeley Associate Chancellor Nils Gilman says], “and we need to put things into some historical perspective. Since the project began, state support for the university has been slashed. So now, all research projects must find their own basis of support. Our current approach is to provide seed funding, but we make it clear that it comes with a time delimitation—typically three to five years. By contrast, the university provided financial support for the Goldman project for 25 years….’
via One Fewer Radical at Berkeley: Emma Goldman Papers Forced to Go Elsewhere | California Magazine.

Posted in news dumpTagged Anarchism, Capitalism, Socialism, USofA

The Mayor is also pro-shoplifting

Posted on 2015/02/09 - 2015/02/09 by jd

‘…On the face of it, the Spanish town of Marinaleda is indistinguishable from any other in its region. Nestled in the picturesque Campiña valley, the surrounding countryside is made up of rolling green hills, miles of olive plantations and golden fields of wheat stretching as far as the eye can see. The town is pretty, tranquil and typical of those found in Andalusia, Spain’s poorest and most southerly province.
It’s also a democratic, anti-capitalist village whose mayor actively encourages shoplifting…’
via A City Where Everyone Works, There Is No Police, And The Salary Is 1200 Euros |.

Posted in news dumpTagged Capitalism, EU Austerity

What exactly does Hungary make, anyway??

Posted on 2015/02/09 - 2015/02/09 by jd

I have lived in Hungary for almost a decade now and I still ask myself this question. It is not entirely obvious, actually. If you say ‘Saudi Arabia’ you think oil – If you say China, you might think you latest electronic gadget you bought. But Hungary still draws a black for me.

Two reasons for this, a) I live in the centre of Budapest and do not connect much with the country-side where the ‘real Hungary’ exists, and b) the economy is rather diversified.

Check out this chart and you can see that the Hungarian economy’s biggest chunk is in car manufacturing and auto parts – and this is only about 10% of the economy.

What_did_Hungary_export_in_2012-
Click here for detailed and interactive info… What did Hungary export in 2012? | The Atlas Of Economic Complexity.

Posted in deeper thoughts, re: HungaryTagged Capitalism, Hungarian Politics

Why this sudden plunge in oil prices?

Posted on 2015/02/07 - 2015/02/07 by jd

Michael T. Klare writes:

‘…Why this sudden plunge in oil prices? That old mantra, supply and demand, is mostly to blame. The high prices of recent years have been driven, in large part, by ever-increasing demand from China and other rapidly developing countries of the Global South. Chinese consumption jumped from 7 million barrels per day in 2005 to 11 million in 2014; comparable increases were posted by India, Indonesia, Brazil and Saudi Arabia. Production increased to satisfy all this added demand, but not always fast enough to keep up—thus explaining those high prices. Over the past six months, however, the fundamentals have shifted. The economic doldrums in Europe and tepid growth elsewhere have resulted in less than expected levels of demand, while the flow of crude from America’s shale formations has reached flood proportions, producing a glut of supply and driving prices downward.

Historically, the major oil powers have responded to falling prices by reining in production, thereby constricting supply and reversing the slide—but not this time around. Saudi Arabia, which lost market share to its rivals after pursuing this strategy in previous price declines, has chosen to keep pumping at current rates. At the same time, several producers, including Iraq and Russia, have increased their output. But with the US market inundated with cheap domestic shale oil and demand shrinking elsewhere, the Saudis and their competitors have been forced to lower prices in order to attract customers in non-US markets. Some have speculated that the Saudis also hope that low prices will force the Russians into curtailing their support for the Assad regime in Syria; but retaining market share appears to be their principal objective.

Whatever the combination of factors at work, the plunge in prices is having far-reaching consequences. For countries that depend on oil revenue to finance government operations, the price collapse has already inflicted serious damage. Major producers like Mexico, Nigeria, Russia and Venezuela have announced budget cutbacks, significantly impairing the ability of these governments to implement favored domestic and international programs. Russia, for example, is under pressure to reduce its military expenditures, calling into question its ability to undertake major military operations in Ukraine or other peripheral regions.
via The Oil Price Collapse Is Not Just Another Bust Cycle | The Nation.

Posted in news dumpTagged Capitalism

Are we an economy or a society?

Posted on 2015/02/05 - 2015/02/05 by jd

[SYRIZA] were elected on scrapping that debt but in the hope of saving the temple they are according to Paul Mason offering instead to “swap 60 per cent of its debt owed to the EU, for bonds that are paid back very long-term, and which pay no interest unless the economy is growing”
This mess illustrates not only the hostility to democracy at the heart of the EU project but also the lack of meaningful democracy in the lives of everyone in Europe. We are not equals in a society whose shape we determine together, we are slaves to market forces, forces that are fully determined to punish any section that seeks to escape its command.
via Workers Solidarity Movement (Ireland).

Posted in news dumpTagged Capitalism, EU Austerity, Greece

US Corporations Won’t Have to Pay for Nuclear Disasters in India

Posted on 2015/01/28 by jd

Why global capitalism needs an empire to support it.

‘…These corporations–who have the political backing of the US government–have succeeded in getting international conventions to agree that "no one other than operators [not the owners, US corporations] can be held responsible" in the event of a nuclear catastrophe. The suppliers want assurances that these international conventions, and not Indian law, will be applied in the wake of such an event…’
via Good News! US Corporations Won't Have to Pay for Nuclear Disasters in India.

Posted in news dumpTagged Capitalism

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