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New Deal 2.0 One of the critiques that comes out of these arguments is that the picture of property rights as a vertical relationship between a person and an object, one where the issue at play is whether the person’s right over the object is “deserved all the way down,” is flawed, or at least insufficient. Property is really a horizontal set of . . . → Read More: Thinking more deeply about property rights While not condoning the hiding of accounts by dictators and criminals, I have to say that the US trying to stake out a moral high ground in this is laughable. Attempting to influence the US to pursue the dictators’ money through somehow attacking their accounts is naive. . . . → Read More: Africa and the War on Offshore Finance I have been mulling over writing a new manifesto for today, something that will capture my thoughts as a political platform. This piece by Thorten Parker called What do you want for America opens with a good statement of the background of the case for a new American manifesto thusly: People who understand how this country’s financial system works know the American dream . . . → Read More: Towards an new American Manifesto New article by Elizabeth Douglas at InsideClimate News interviews Peter Lam who has an impressive background as a Nuclear Industry regulator. Lam changed his mind on the use of probability statistics in nuclear disaster preparations. He says: One can plan for a lot of things, but things don’t always happen according to what you plan for. … Sure, I think everybody’s doing the . . . → Read More: Nuclear power is an unforgiving technology The notion that jobs are what is needed, rather than a decent, rewarding way of life for all, is in itself a perversion, more smoke and mirrors intended to confuse working people regarding their own needs and desires. No one needs a “job.” What is needed is a meaningful and rewarding lifestyle. Most people are willing to work, and even work hard, in order to achieve such a lifestyle, . . . → Read More: Mole in the ground Greg Palast, Guardian economist has written about Robert Mundell, evil genius of the euro: The euro would really do its work when crises hit, Mundell explained. Removing a government’s control over currency would prevent nasty little elected officials from using Keynesian monetary and fiscal juice to pull a nation out of recession. “It puts monetary policy out of the reach of politicians,” he . . . → Read More: Robert Mundell, evil genius of the euro |
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