Category: Capitalism
Oh for some commies and populists in Congress
March 17th, 2009, No Comments
Trollblog looks wistfully back at the Congressional elections of ‘36:
We’re headed into The Second Great Depression. Almost no one in our present political establishment has any clue as to what’s happening or what to do about it. Most of them are bought and paid for, and the vast majority are jellified lackeys who are incapable [...]
Capital, it fails us now
December 2nd, 2008, No Comments
This crisis has been a real eye opener, hasn’t it, in that it made visible how much of the world economy was based on credit driven overconsumption, both on a consumer level as in the more rarified air of Wall Street. Ever since “communism” was “defeated” we’ve forgotten how wasteful capitalism is. we’ve been conned [...]
Schadenfreude part 2
November 17th, 2008, 1 Comment
The Moustache of Understanding is frantically calling on Obama to save the economy. As is expected of Friedman what he urges Obama to do is inane –apparantely Obama needs to be a true leader and urge the American public to “go shopping” to save the economy, the idea that people without a house, car or [...]
The RBS greenwash cheatsheet
October 19th, 2008, No Comments
via The Daily Maybe comes this RBS cheatsheet for dealing with environmentalists. Click on the image to get a larger, readable version.
It shows that if RBS isn’t taking climate change and everything that entails seriously on its own terms, at least it does so for PR reasons. Environmental awareness is after all at an all-time [...]
Comment of The Day
October 10th, 2008, No Comments
Blimey, this bank crash is making people eloquent. This comment to Deborah Hargreaves’ Guardian post calling for the heads of bank bosses got 60-odd recommends in a couple of hours in the middle of the night.
I think the average Guardian reader’s a just a little bit angry at the banks:
BedmiAndrew
Oct 10 08, 12:40am [...]
He’s A Man With A Plan…
October 8th, 2008, 1 Comment
..got a counterfeit dollar in his hand, too.
In reply to Larry Elliot’s new daily column on the economic crisis a commenter points out the utter pointlessness of UK Chancellor Alistair Darling’s belated bank rescue ‘plan’ :
cojock
Oct 07 08, 3:05am
What is being missed here is that even if banks do start lending again to other [...]
Thought For The Day
October 6th, 2008, No Comments
I saw this quote from Ludwig von Mises atThe Proletariats News and it did seem rather apt considering the US government paid what they were asked for for crappy debt books, regardless of actual market value:
“A government that sets out to abolish market prices is inevitably driven toward the abolition of private property; [...]
Crisis Casualties, No.2
October 5th, 2008, No Comments
So zillionaires are losing billions. How very sad. Oh, how my heart bleeds.
London, Oct 5 (PTI) NRI steel tycoon Lakshmi Mittal has lost 16.6 billion pounds in the global credit crunch owing to plummeting stock markets in the last four months, media reports said here today.
The 58-year-old Mittal heads a list of ten super-rich losers [...]
Word, Tommy-Jeff
September 23rd, 2008, No Comments
Courtesy of a commenter at Digby’s comes this quote:
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that grow up around them will deprive the people of their property until their children will wake up homeless on the continent [...]
Move Away From The Pitchfork, Citizen…
September 23rd, 2008, No Comments
Just in case US voters rebel against the biggest theft ever of their money… Wall St and Washington have got it covered.
