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
October 26, 2024
Jeffrey Sonnenfeld - Russia's "Axis of Evil" Will Not Prevent the Imminent Economic Catastrophe
Labels:
Jeffrey Sonnenfeld
Why Berlin Can’t Agree on Fixing the Economy | DW News
Labels:
German economy
October 25, 2024
Inside Russia: Russia’s Central Bank Has Put Up the Interest Rate to 21%
REUTERS: Russia's Nabiullina on raising rates to 21% »
The Obscene Wealth of the Ruling Class & Why You Should Hate Them Even More | Rob Larson | The Majority Report w/ Sam Seder
Oct 24, 2024 | Rob Larson, professor of economics at Tacoma Community College, to discuss his recent book Mastering the Universe: The Obscene Wealth of the Ruling Class, What They Do with Their Money, and Why You Should Hate Them Even More.
Professor Rob Larson then joins, first running through the numbers behind the modern era of wealth inequality and the validity of the parallels with the inequalities of the Gilded Age – from the overwhelming wealth of the top 1% to the minimal holdings of the masses – and the overwhelming social isolation of the upper class via class segregation that defines the stratification of these eras. Expanding on this, Professor Larson walks through the disconnect of the ruling class on the level of the interpersonal (with some strong examples from one Elon Musk) and material, diving deep into how both social institutions (e.g., the media) and economic institutions create (and celebrate) isolated worlds for the uber-wealthy, with boundaries explicitly designed avoid undesirables. Rob, Sam, and Emma then step back and examine the devastating impact this grotesque excess has on the rest of society, particularly in the opportunity cost of the absurd endeavors of the elite, before moving into an expansive conversation on the role of philanthropy in bolstering the power, ego, and wealth of the uber-rich, eventually wrapping up the interview with the central role labor and social organizing must play in the fight to even this playing field.
World Inequality Database here.
Professor Rob Larson then joins, first running through the numbers behind the modern era of wealth inequality and the validity of the parallels with the inequalities of the Gilded Age – from the overwhelming wealth of the top 1% to the minimal holdings of the masses – and the overwhelming social isolation of the upper class via class segregation that defines the stratification of these eras. Expanding on this, Professor Larson walks through the disconnect of the ruling class on the level of the interpersonal (with some strong examples from one Elon Musk) and material, diving deep into how both social institutions (e.g., the media) and economic institutions create (and celebrate) isolated worlds for the uber-wealthy, with boundaries explicitly designed avoid undesirables. Rob, Sam, and Emma then step back and examine the devastating impact this grotesque excess has on the rest of society, particularly in the opportunity cost of the absurd endeavors of the elite, before moving into an expansive conversation on the role of philanthropy in bolstering the power, ego, and wealth of the uber-rich, eventually wrapping up the interview with the central role labor and social organizing must play in the fight to even this playing field.
World Inequality Database here.
Labels:
wealth inequality
October 24, 2024
Steve Rattner: Trump’s Mass Deportation and Trade War Plans Will Tank the Economy
Labels:
Donald Trump,
Kamala Harris,
US economy
October 23, 2024
Crisis in Venezuela - Maduro's Ongoing Power Struggle | DW Documentary
Oct 23, 2024 | Nicolás Maduro has been president of Venezuela since 2013. He rules the country, which faces grave political and economic problems, with an iron fist. Despite massive criticism from home and abroad, Maduro is clinging to power. Successfully, so far.
Venezuela experienced many dramatic events in recent decades. There was the "Bolivarian Revolution" started by Hugo Chávez, who was elected president in 1998 and introduced a socialist system to the country. There were also attempted coups, violent protests, and severe economic crises — despite the fact that Venezuela has the largest oil reserves in the world.
After the illness and death of Hugo Chávez in 2013, Nicolás Maduro succeeded as president. The former bus driver and socialist set himself the goal of continuing Venezuela's socialist revolution, at any cost.
His rule has been authoritarian. Corruption within Venezuela's state elite and mismanagement are widespread. Years of poor economic decisions have driven the country to ruin under Maduro's presidency. Millions of people in Venezuela are impoverished, and many have fled to neighboring countries.
Yet despite opposition attempts to force him out, Maduro has survived. He was declared the winner in Venezuela’s 2024 presidential elections in July - this, although the parliament had tried to remove him from office in 2017 already. People took to the streets to demand his resignation back then and this year again.
However, none of this seems to have affected Maduro - and following Russia’s invasion of Ukraine, and the resulting rift between Russia and North America and Europe, the international geopolitical situation has changed. The world is more desperate for oil than ever; and a vast quantity of oil is lying dormant underground in Venezuela.
Venezuela experienced many dramatic events in recent decades. There was the "Bolivarian Revolution" started by Hugo Chávez, who was elected president in 1998 and introduced a socialist system to the country. There were also attempted coups, violent protests, and severe economic crises — despite the fact that Venezuela has the largest oil reserves in the world.
After the illness and death of Hugo Chávez in 2013, Nicolás Maduro succeeded as president. The former bus driver and socialist set himself the goal of continuing Venezuela's socialist revolution, at any cost.
His rule has been authoritarian. Corruption within Venezuela's state elite and mismanagement are widespread. Years of poor economic decisions have driven the country to ruin under Maduro's presidency. Millions of people in Venezuela are impoverished, and many have fled to neighboring countries.
Yet despite opposition attempts to force him out, Maduro has survived. He was declared the winner in Venezuela’s 2024 presidential elections in July - this, although the parliament had tried to remove him from office in 2017 already. People took to the streets to demand his resignation back then and this year again.
However, none of this seems to have affected Maduro - and following Russia’s invasion of Ukraine, and the resulting rift between Russia and North America and Europe, the international geopolitical situation has changed. The world is more desperate for oil than ever; and a vast quantity of oil is lying dormant underground in Venezuela.
October 22, 2024
Richard Wolff: The Final Case Against Donald J. Trump
Dr Richard Worlff is a Marxist economist. He has a brilliant mind. However, the mere fact that I am posting this discussion on my blog should IN NO WAY be construed as an endorsement of Marxism. It is not an endorsement; I do not endorse it. I do, however, find Dr Richard Wolff a fascinating character and a man who is extremely intelligent and insightful. Do I agree with his take on everything discussed in this video? Certainly not! But, as my regular visitors should know by now, I do not post videos on this blog simply because I agree with everything discussed in them. Were I to adopt that strategy, I should find it very difficult to post ANYTHING!
As a person, I like to have my thinking challenged. If I think something is particularly good, insightful, or interesting, then I usually post it. Even if the video is controversial. In fact, a little controversy can stimulate one’s thinking. Controversy is to thinking what spice is the food! I hope that you enjoy the discussion. – © Mark Alexander
Milton Friedman's Defense of Greed Ruined a Whole Generation of Economists ft. Richard Wolff
Labels:
Dr Richard Wolff,
Milton Friedman
October 21, 2024
Are Populists Destroying Democracy? In Conversation
Oct 21, 2024 | In this conversation, Dr. Kristian Niemietz, Editorial Director at the Institute of Economic Affairs, talks with Nils Karlson, Founding President & CEO of the Ratio Institute, about Karlson's new book "Reviving Classical Liberalism Against Populism." Karlson defines populism through three key characteristics: simplistic solutions to complex problems, a rhetorical style that divides society into "us vs. them," and an authoritarian tendency that challenges democratic institutions. He argues that populism poses a threat to liberal democracies and explores its philosophical roots in continental European thought.
The discussion covers strategies for countering populism, with Karlson advocating for a revival of classical liberal principles. He emphasises explaining populist tactics to the public, securing and developing liberal institutions, and creating narratives that highlight the benefits of a liberal society. Karlson also stresses the need for classical liberals to engage more actively in cultural and political spheres, forming coalitions and supporting politicians who can effectively promote liberal policies.
Karlson addresses questions from the audience on topics such as property rights, the role of democracy in liberal thought, and the importance of family values in classical liberalism. He analyses current political trends and provides ideas for revitalising classical liberal ideas in the face of rising populist movements. This conversation is relevant for anyone interested in the future of liberal democracy and the challenges it faces today.
The discussion covers strategies for countering populism, with Karlson advocating for a revival of classical liberal principles. He emphasises explaining populist tactics to the public, securing and developing liberal institutions, and creating narratives that highlight the benefits of a liberal society. Karlson also stresses the need for classical liberals to engage more actively in cultural and political spheres, forming coalitions and supporting politicians who can effectively promote liberal policies.
Karlson addresses questions from the audience on topics such as property rights, the role of democracy in liberal thought, and the importance of family values in classical liberalism. He analyses current political trends and provides ideas for revitalising classical liberal ideas in the face of rising populist movements. This conversation is relevant for anyone interested in the future of liberal democracy and the challenges it faces today.
October 20, 2024
‘Putin Saw BREXIT Hiatus as Opportunity’
Cameron should NEVER have called that stupid Brexit referendum. It is deplorable that Cameron called it. – © Mark Alexander
Labels:
Brexit,
Vladimir Putin
Pat Buchanan on Suicide of a Superpower
Labels:
Pat Buchanan
October 19, 2024
Margaret, Death of a Revolutionary
Jun 24, 2021 | Martin Durkin's explosive film about Margaret Thatcher argues that she did more to liberate and enrich the working class than any socialist ever has or will. And that is why the Left (and the intelligentsia and the Tory old guard) hate her so much.
This star-studded feature-length film includes interviews with the Prime Minister, Norman Tebbit, Nigel Lawson, Cecil Parkinson, Neil Kinnock, Kenneth Baker, Norman Lamont, Geoffrey Howe, John Redwood, David Davis, Bernard Ingham, Charles Powell, Janet Daley, Polly Toynbee, Kelvin MacKenzie, and others close to Mrs Thatcher.
Martin Durkin's previous films include The Great Global Warming Swindle, Britain's Trillion Pound Horror Story and the series Against Nature.
This star-studded feature-length film includes interviews with the Prime Minister, Norman Tebbit, Nigel Lawson, Cecil Parkinson, Neil Kinnock, Kenneth Baker, Norman Lamont, Geoffrey Howe, John Redwood, David Davis, Bernard Ingham, Charles Powell, Janet Daley, Polly Toynbee, Kelvin MacKenzie, and others close to Mrs Thatcher.
Martin Durkin's previous films include The Great Global Warming Swindle, Britain's Trillion Pound Horror Story and the series Against Nature.
Labels:
Margaret Thatcher
October 18, 2024
Maggie Thatcher, Karriere einer Eisernen Lady [Doku]
Labels:
die Eiserne Lady,
Doku,
Margaret Thatcher
Margaret Thatcher Interview | Conservative | British Politics | 1982
A look back at a time when the Conservative Party could show the nation the way forward. Of course, not everyone agreed with Margaret Thatcher's economic solutions for the woes of the British economy. But love Maggie or hate her, she had oodles of class, polish, style, and intellect. Compare her with the contenders for Conservative Party leadership today! There is no comparison! The Conservative Party has truly lost its way. – © Mark Alexander
Labels:
Margaret Thatcher
October 16, 2024
USA - Der Aufstieg der Ultrarechten | Doku HD | ARTE
Oct 15, 2024 | Wie konnten die Ultrarechten bis ins Zentrum der amerikanischen Politik aufsteigen? Indem sie nach und nach Machtpositionen in Politik, Justiz und Medien besetzten und ihren Einflussbereich stetig ausweiteten. Für ihr Ziel – den Wahlsieg 2024 – ist die ultrarechte Minderheit sogar bereit, die Demokratie aufs Spiel zu setzen. Wie hat sie es geschafft, die politische Bühne zu erobern?
Die Verschärfung des Abtreibungsrechts, der Sturm auf das Kapitol 2021, das Aufflammen rassistischer Gewalt: Nie zuvor waren die Ultrarechten in den USA mächtiger und sichtbarer als heute – und das liegt nicht nur an Donald Trump. Die Ultrarechte konnte sich in der Mitte der US-Politik etablieren, indem sie nach und nach Schlüsselpositionen in Politik, Justiz und Medien besetzte und ihren Einfluss kontinuierlich vergrößerte. Mit Blick auf einen Wahlsieg 2024 ist sie bereit, die Dämonen der Sezessionskriege zu wecken, das Land ins Chaos zu stürzen und die Demokratie ins Wanken zu bringen.
Der Siegeszug der radikalen Rechten ist das Ergebnis einer wohlüberlegten Strategie: Vor mehr als 40 Jahren wurde sie in Gang gesetzt – von einer konservativen Minderheit, die nach der Macht strebte. Sie hat quasi unbemerkt ihre Agenda durchgesetzt. Heute erntet sie die Früchte dieser Arbeit: Ihr ist es gelungen, die Schaltzentralen der Macht zu erobern – in Politik, Justiz und Medien.
Donald Trump hat diesen Prozess in jeder Hinsicht beschleunigt. Mit seiner Hilfe haben die Ultrarechten den Obersten Gerichtshof in ihre Gewalt gebracht, nun können sie bei wichtigen Entscheidungen im Kongress den Ausschlag geben. Mit Donald Trump oder einem seiner politischen Erben könnten die Ultrarechten in Zukunft noch weiter in die Offensive gehen.
Dokumentation von Alice Cohen (F 2024, 53 Min)
Video verfügbar bis zum 27/01/2025
Die Verschärfung des Abtreibungsrechts, der Sturm auf das Kapitol 2021, das Aufflammen rassistischer Gewalt: Nie zuvor waren die Ultrarechten in den USA mächtiger und sichtbarer als heute – und das liegt nicht nur an Donald Trump. Die Ultrarechte konnte sich in der Mitte der US-Politik etablieren, indem sie nach und nach Schlüsselpositionen in Politik, Justiz und Medien besetzte und ihren Einfluss kontinuierlich vergrößerte. Mit Blick auf einen Wahlsieg 2024 ist sie bereit, die Dämonen der Sezessionskriege zu wecken, das Land ins Chaos zu stürzen und die Demokratie ins Wanken zu bringen.
Der Siegeszug der radikalen Rechten ist das Ergebnis einer wohlüberlegten Strategie: Vor mehr als 40 Jahren wurde sie in Gang gesetzt – von einer konservativen Minderheit, die nach der Macht strebte. Sie hat quasi unbemerkt ihre Agenda durchgesetzt. Heute erntet sie die Früchte dieser Arbeit: Ihr ist es gelungen, die Schaltzentralen der Macht zu erobern – in Politik, Justiz und Medien.
Donald Trump hat diesen Prozess in jeder Hinsicht beschleunigt. Mit seiner Hilfe haben die Ultrarechten den Obersten Gerichtshof in ihre Gewalt gebracht, nun können sie bei wichtigen Entscheidungen im Kongress den Ausschlag geben. Mit Donald Trump oder einem seiner politischen Erben könnten die Ultrarechten in Zukunft noch weiter in die Offensive gehen.
Dokumentation von Alice Cohen (F 2024, 53 Min)
Video verfügbar bis zum 27/01/2025
Labels:
Arte Doku,
die Ultrarechten,
USA
October 15, 2024
The Thatcher Legacy & the Future of British Politics with Charles Moore | In Conversation
Oct 14, 2024 | In this new episode in the 'In Conversation' series, Charles Moore, Baron Moore of Etchingham and Member of the House of Lords, sits down with Tom Clougherty, Executive Director of the Institute of Economic Affairs (IEA), to discuss the current state of British politics and the legacy of Margaret Thatcher. Moore, the acclaimed biographer of Thatcher and former editor of The Spectator and The Telegraph, offers unique insights into the challenges facing modern conservatism and draws intriguing parallels between today's political landscape and the era of Thatcher's rise to power.
Throughout the discussion, Moore delves into a range of pressing issues, including the impact of globalisation, the changing nature of political institutions, and the cultural shifts affecting contemporary society. He reflects on the lessons that can be learned from Thatcher's leadership style and governance approach, while also addressing the new challenges that have emerged in the decades since her tenure. Moore's nuanced perspective on topics such as immigration, the role of international institutions, and the evolving dynamics within the Conservative Party provides a thought-provoking analysis of the current political climate.
This conversation offers viewers a rare opportunity to hear from one of Britain's most respected political commentators as he shares his insights on the past, present, and future of conservative thought. Whether you're a student of politics, a history enthusiast, or simply curious about the forces shaping modern Britain, this discussion between Charles Moore and Tom Clougherty promises to be both enlightening and timely.
Throughout the discussion, Moore delves into a range of pressing issues, including the impact of globalisation, the changing nature of political institutions, and the cultural shifts affecting contemporary society. He reflects on the lessons that can be learned from Thatcher's leadership style and governance approach, while also addressing the new challenges that have emerged in the decades since her tenure. Moore's nuanced perspective on topics such as immigration, the role of international institutions, and the evolving dynamics within the Conservative Party provides a thought-provoking analysis of the current political climate.
This conversation offers viewers a rare opportunity to hear from one of Britain's most respected political commentators as he shares his insights on the past, present, and future of conservative thought. Whether you're a student of politics, a history enthusiast, or simply curious about the forces shaping modern Britain, this discussion between Charles Moore and Tom Clougherty promises to be both enlightening and timely.
October 14, 2024
How Marlboro Became the #1 Cigarette Brand
Labels:
cigarettes,
marketing,
Marlboro,
smoking
October 11, 2024
P&O Ferries Owner Pulls £1bn UK Investment after Rayner Attack
THE TELEGRAPH: Dubai company chief withdraws from investment summit after Deputy PM’s criticism of employment practices
P&O owner DP World has put a £1bn expansion of one of Britain’s biggest container hubs on hold after ministers attacked the ferry company’s employment practices.
The Dubai-based business had planned to announce the investment in London Gateway port at a summit convened by Sir Keir Starmer, the Prime Minister, next week.
However, Sultan Ahmed bin Sulayem, the DP World boss, will no longer attend the event after Louise Haigh, the Transport Secretary, and Angela Rayner, the Deputy Prime Minister, described P&O as “unscrupulous” and “exploitative” this week » | Christopher Jasper, Transport industry editor | Friday, October 11, 2024
P&O owner DP World has put a £1bn expansion of one of Britain’s biggest container hubs on hold after ministers attacked the ferry company’s employment practices.
The Dubai-based business had planned to announce the investment in London Gateway port at a summit convened by Sir Keir Starmer, the Prime Minister, next week.
However, Sultan Ahmed bin Sulayem, the DP World boss, will no longer attend the event after Louise Haigh, the Transport Secretary, and Angela Rayner, the Deputy Prime Minister, described P&O as “unscrupulous” and “exploitative” this week » | Christopher Jasper, Transport industry editor | Friday, October 11, 2024
Labels:
P&O Ferries,
UK economy
Talks on UK Rejoining EU Could Start in 10 Years’ Time, Says Peter Mandelson
THE GUARDIAN: Labour peer says in meantime it is essential to try to reduce damage of Brexit deal struck by Boris Johnson
Peter Mandelson has suggested the UK could start talks on rejoining the EU in 10 years’ time, much earlier than Keir Starmer believes.
Lord Mandelson told an audience in Edinburgh the “truth is that [reversing Brexit] could be a conversation which starts in 10 years’ time”, but only if EU member states were willing to consider it.
He said that in the meantime it was essential for the UK’s productivity and growth to reduce the damaging impact of the Brexit deal struck by Boris Johnson “as best we possibly can”.
Mandelson’s remarks, at a lecture for the thinktank Reform Scotland, are in contrast to the prime minister’s prediction before the general election that the UK would not rejoin the EU, or the single market or customs union, in his lifetime. » | Severin Carrell, Scotland editor | Friday, October 11, 2024
Peter Mandelson has suggested the UK could start talks on rejoining the EU in 10 years’ time, much earlier than Keir Starmer believes.
Lord Mandelson told an audience in Edinburgh the “truth is that [reversing Brexit] could be a conversation which starts in 10 years’ time”, but only if EU member states were willing to consider it.
He said that in the meantime it was essential for the UK’s productivity and growth to reduce the damaging impact of the Brexit deal struck by Boris Johnson “as best we possibly can”.
Mandelson’s remarks, at a lecture for the thinktank Reform Scotland, are in contrast to the prime minister’s prediction before the general election that the UK would not rejoin the EU, or the single market or customs union, in his lifetime. » | Severin Carrell, Scotland editor | Friday, October 11, 2024
Labels:
Brexit,
European Union,
rejoining the EU
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