Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Wednesday, 26 September 2018
Sunday, 23 September 2018
Is a New Global Financial Crisis Imminent?
Friday, 21 September 2018
Robert Reich: Another Tax Scam for the Rich
Labels:
Robert Reich,
tax cuts,
the rich,
US economy
Tuesday, 18 September 2018
Is a Brexit Deal Possible? | Inside Story
It’s now crunch time for Prime Minister Theresa May. She's travelling to Salzburg this week to try to reach a breakthrough with EU leaders; but many have already pushed back her 'Chequers Plan' - Brussel's chief negotiator Michel Barnier saying it would spell the end of the EU project.
And just six months ahead of the deadline for a Brexit, the head of the International Monetary Fund Christine Lagarde has issued a stark warning.
So, what happens if no deal is reached?
Presenter: Hoda Abdelhamid | Guests: Jonathan Lis, deputy director of the think tank British Influence; Helen Thomas, CEO and Founder of macroeconomic consultancy BlondeMoney; Geraint Johnes, economist at Lancaster University
Labels:
Brexit,
Inside Story
Monday, 17 September 2018
Steve Bannon Interviewed by Zanny Minton Beddoes | The Economist
Labels:
Steve Bannon,
The Economist
Saturday, 15 September 2018
Trichet Calls for Action to Prevent New Financial Crisis
The Crash – The Investment Bank Lehman Brothers | DW Documentary
At the time, the company had accumulated over $600 billion in debt. It did not just hit the US financial system hard: global networking sent companies around the world into a tailspin. How could that happen? And above all, could it happen again? The documentary tells of the risky rise and ruinous collapse of former global investment bankers Lehman Brothers. The bank had sensed a killing when the US Federal Reserve massively cut interest rates at the beginning of the millennium. "Cheap money" gave many Americans the feeling that they too could fulfill the dream of owning their own homes. Loans were made without anyone asking if customers were really solvent. These mortgages were then bundled and offered for sale as "safe bonds." But real estate prices in the US fell and those so-called safe bonds turned into liabilities, sending shockwaves around the world. More than 500 investors in Singapore suddenly faced bankruptcy in 2008. They had bought into so-called mini-bonds - innovative products that specifically targeted private investors, promising them high profits and maximum security. But most people did not understand what was actually behind them. Many of these bonds were linked to American banks such as Lehman Brothers. In the end, Lehman Brothers had to file for bankruptcy, leaving thousands of small investors around the world facing ruin.
No Remorse in Germany for 2008 Financial Crisis Response | Al Jazeera English
Reinventing Liberalism for the 21st Century | The Economist
Labels:
liberalism,
The Economist
Friday, 14 September 2018
Wednesday, 12 September 2018
Brexit Forensics: The Gold Export Illusion
Labels:
Brexit,
gold,
UK exports
Archbishop of Canterbury, Justin Welby Speech to Trades Union Congress 2018
Monday, 10 September 2018
Sunday, 9 September 2018
'Inequality Is Bad for Everyone': Robert Reich Fights against Economic Imbalance
Robert Reich: The Dangerous Myth of Deregulation
Labels:
deregulation,
Donald Trump,
Robert Reich
Wednesday, 5 September 2018
Four Things the State is Not | Thomas E Woods Jr
A Lot More Damage to Come From Brexit, Says Peterson Institute's Posen
Tuesday, 4 September 2018
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