Archive for July, 2010

Understanding Economics

Sunday, July 18th, 2010

To pull out of this nosedive that Casino Capitalism has wrought upon the world, many of us need to have some understanding of the basic economic principles at play here. Leaving the fox to guard the henhouse remains a fool’s game — that strategy always leads to the same outcome — so it’s time for the rest of us to sit up and notice what is going on in the world of economic decision making.

Paul Krugman observes a resurgence of the destructive game of “starve the beast” in “Redo that Voodoo.”

Paul Craig Roberts clearly explains market fundamentals in “Economics in Freefall.”

Political Evolution and Economic Disasters

Thursday, July 15th, 2010

A beautiful, forward-thinking essay by David Michael Green, “Growing Up Globally,” addresses the dire need for political evolution on this planet.

On the other side of the coin, so to speak, we’ve got Joe Bageant critiquing the rampant failures of American-style Capitalism in “Waltzing at the Doomsday Ball.”

Health in America

Tuesday, July 13th, 2010

A good report from Chris Hedges: “Obama’s Health Care Bill Is Enough to Make You Sick,” takes an honest look at the health insurance biz and government in America.

Good-and-Hard-istan

Saturday, July 3rd, 2010

David Michael Green notices the deeply regressive state of degradation we currently find ourselves in: “How’s That Recessioney, Oily Thing Working Out For You?

H. L. Mencken, back in 1916, wrote: “Democracy is the theory that the common people know what they want, and deserve to get it good and hard.”

So, if you want things to go your way, you dupe the “common people” into thinking they should want what you want (e.g., don’t tax the rich, dismantle public policy, deregulate), and once they agree, you give it to them good and hard. That’s where we’re at now: we’re gettin’ it good and hard.

The Confidence Fairy and the Fatalist

Friday, July 2nd, 2010

Paul Krugman dismantles the “Myths of Austerity.”

And Joe Bageant is back in: “Live from Planet Norte.”