Friday, June 23, 2017

Sputnik International — Gulf States to Qatar: Limit Iran Ties, Shut Turkish Base, Close Al Jazeera


Will Turkey sit on the sidelines? Turkey has the largest military in the region.

Sputnik International
Gulf States to Qatar: Limit Iran Ties, Shut Turkish Base, Close Al Jazeera


Zero Hedge — Whites Are The Slowest Growing US Group; Will Lose Majority Around 2040


Demographic shift in full swing.

Zero Hedge
Whites Are The Slowest Growing US Group; Will Lose Majority Around 2040
Tyler Durden

Marko Marjanović — The First Shots of America's New War for Eastern Syria Have Already Been Fired

When US shot down the Syrian Su-22 jet Sunday this may have been intended as a warning to Syria that US intends to take eastern Syria for itself -- and that a Syrian push into eastern Syria will be violently opposed....
As the ISIS threat diminishes quickly, will Russia and Iran stand by and let the US continue to push forward its invasion of east Syria in order to partition the country and establish a military foothold? Tense times.

Russia Insider Marko Marjanović

John T. Harvey — No Poor Need Apply: Four Reasons Why President Trump Is Wrong

Wednesday, President Trump uttered the following now widely-publicized statement regarding the top economic positions in his administration:
And I love all people, rich or poor, but in those particular positions, I just don’t want a poor person. Does that makes sense? Does that make sense?
While this has provided wonderful material for critics and satirists, are they really being fair? On the surface of it, there’s a certain logic to his statement. Shouldn’t those who have been the most successful in the economy also be the ones to offer advice?
Unfortunately, no. Here are four reasons why putting rich folks in charge is in no way a guarantee of superior economic performance:
Forbes — Pragmatic Economics
No Poor Need Apply: Four Reasons Why President Trump Is Wrong
John T. Harvey | Professor of Economics, Texas Christian University

Thursday, June 22, 2017

Adam Johnson — Syria the Latest Case of US ‘Stumbling’ Into War


Adam Johnson calls bullshit.

FAIR
Syria the Latest Case of US ‘Stumbling’ Into War
Adam Johnson

Todd E. Pierce — The Criminal ‘Laws’ of Counterinsurgency

A new book traces how the CIA and U.S. counterinsurgency warfare operatives adopted lessons from the Nazis’ fight against the partisans and evolved into a dangerous law onto themselves, writes retired JAG Major Todd E. Pierce.

Douglas Valentine has once again added to the store of knowledge necessary for American citizens to understand how the U.S. government actually works today, in his most recent book entitled The CIA As Organized Crime. (Valentine previously wrote The Phoenix Program, which should be read with the current book.)
The U.S. “deep state” – of which the CIA is an integral part – is an open secret now and the Phoenix Program (assassinations, death squads, torture, mass detentions, exploitation of information) has been its means of controlling populations. Consequently, knowing the deep state’s methods is the only hope of building a democratic opposition to the deep state and to restore as much as possible the Constitutional system we had in previous centuries, as imperfect as it was.
Princeton University political theorist Sheldon Wolin described the U.S. political system in place by 2003 as “inverted totalitarianism.”...
This is post is about the history of the CIA and focuses on Vietnam, but the same can be said for other areas, such as Latin American.

Now that the US has the Patriot Act that suspends constitutional liberties, a Department of Homeland Security, and integrated intelligence services all that this needed for a national security police state is in place, including total surveillance.

But "it can't happen here."

Consortium News
The Criminal ‘Laws’ of Counterinsurgency
Todd E. Pierce

William I. Robinson — Global Capitalism: Reflections on a Brave New World

We are in the throes of a transition to a qualitatively new stage of world capitalism. Its essence is the emergence of truly transnational capital, a transnational capitalist class (TCC) made up of the owners and managers of transnational corporations, and transnational state apparatuses through which the TCC attempts to exercise global political authority. This corporate-driven globalization has brought a vast new round of global enclosures as hundreds of millions of people have been uprooted and converted into surplus humanity. The extreme global inequality that has resulted erodes social cohesion and fuels unrest. In response, the more enlightened members of the transnational elite clamor for a powerful transnational state to resolve the ecological, social, economic, and political crises of global capitalism, but instead a global war economy and a global police state may be in the offing. If we are to avoid a civilizational collapse and reach a Great Transition, we will need an accurate reading of the new global capitalism to guide our social practice....
Tags: #global capitalism, #transnational capitalist class, #transnational corporate totalitarianism, #corporate statism, #fascism

Someone tell the people.

BTW, this is a really good article. If no time now, save it for the weekend.

It underscores what I have been saying for some time. Just looking at national economies in a globalized world is insufficient. Economics now must be pursued from the perspective of closed globalized economy rather than a collection of open national economies.

This is the way that the transnational capitalist class, "Davos man," is already viewing it. These are people commanding integrated supply chains and global markets, to whom borders are inconveniences.
Global capitalism does not consist of the aggregation of “national” economies, but their integration into a greater transnational whole.…
Economic globalization entails the fragmentation and decentralization of complex production chains and the worldwide dispersal and functional integration of the different segments in these chains. Yet this fragmentation and decentralization is countered by a reverse movement: the centralization and concentration of worldwide economic management, control, and decision-making power in a handful of ever more powerful transnational corporations (TNCs).
It's pretty clear from the article that socialism of some type is needed to counter the trend. This actually accords with the principle of dialectical logic that a form is not subsumed by the dominant emerging form in the succeeding moment until the initial form has exhausted its potential and succumbs to rising internal contradictions.

Radical Political Economy
Global Capitalism: Reflections on a Brave New World
William I. Robinson | Professor of Sociology, Global Studies and Latin American Studies at the University of California at Santa Barbara

Spiegel Online — Spying Scandal: German Intelligence Also Snooped on White House

German Chancellor Angela Merkel is famous for the terse remark she made after learning her mobile phone had been tapped by the NSA. "Spying among friends, that isn't done." As it turns out, Germany was spying on America too, even targeting the White House....
"Everybody does it."

Fox News Cuts off Girl Telling the Truth About Russia


I watching Oliver Stone's, The Putin Interviews Part 2, when they spoke about the war in Georgia. I then remembered this clip where Fox News had an young Ameirca girl on who was visiting her Aunt in South Odessa when the war broke out there. Fox News thought they had a good bit of anti Russian propaganda coming up but when they were totally taken by surprise so they cut the interview short. This is good example of how Western propaganda works. Notice the emphasis on how a 'young 12 yerar old girl' was being bombed by the bad Russians. But it wasn't the Russians who were doing the bombing said the girl and her aunt, then advert time conveniently came up.


Moon of Alabama — U.S. Torture, A Saudi Coup And ISIS Crimes - "By, With And Through Allies"

The U.S. military and/or the CIA outsourced parts of their ongoing torture campaign in Yemen to the United Arab Emirates, reports AP. Some "interrogations" are done in the presence of U.S. personal and on U.S. ships:
The thuggery and war crimes continue. Much more in the post.

Geopolitika — U.S. provokes instability in Balkans

Donald Trump issued message to Congress of the United States on the Continuation of the National Emergency with Respect to the Western Balkans.
There is noted:
The threat constituted by the actions of persons engaged in, or assisting, sponsoring, or supporting (i) extremist violence in the Republic of Macedonia and elsewhere in the Western Balkans region, or (ii) acts obstructing implementation of the Dayton Accords in Bosnia or United Nations Security Council Resolution 1244 of June 10, 1999, in Kosovo, has not been resolved. In addition, Executive Order 13219 was amended by Executive Order 13304 of May 28, 2003, to take additional steps with respect to acts obstructing implementation of the Ohrid Framework Agreement of 2001 relating to Macedonia.
The acts of extremist violence and obstructionist activity outlined in these Executive Orders are hostile to United States interests and continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States. For this reason, I have determined that it is necessary to continue the national emergency with respect to the Western Balkans.
Besides that American media anounced 400-mile road march that will take them deep into the Balkans to Macedonia as part of Exercise "Saber Guardian".
In fact it means occupation of this country.
NATO is actually a thinly disguised US occupation of Europe at the invitation of the comprador elite that profit from it and made acceptable to the people through manufactured consent by means of propaganda.

Ka-ching.

Taking in the big picture, the US acting against the strategic and economic alliance of Russia and China, the only adversary capable of challenging the US both militarily and economically in the foreseeable future. The US must retain the European states as vassals to avoid a Russo-Chinese economic bloc that includes Europe, effectively replacing the US on the world stage and driving the US back to the Western hemisphere. This is a do or die mission. Very dangerous for peace.

Geopolitika

U.S. provokes instability in Balkans

See also

Good strategic analysis. But Wight leaves out China, which is the elephant in the room.

Sputnik International
US Foreign Policy - 'Rome Has Spoken; the Matter Is Finished'
John Wight, author of the Edinburgh Trilogy

Leader of Germany's Social Democratic Party (SPD) Martin Schulz has criticized the latest US sanctions against Russia and called on Angela Merkel to oppose them.
"We have seen that the US is pursuing a course in energy policy that is dangerous and is directed against Germany," Schulz told the Federal Association of German Industry (BDI)."Our energy supply also depends on constructive cooperation with Russia," he said, and called on German Chancellor Angela Merkel to discuss the issue with President Trump at next month's G20 summit in Hamburg.
"We have the right to defend the industrial interests of the Federal Republic of Germany and Europe," Schulz said....
Sputnik International
German SPD Condemns 'Dangerous' US Nord Stream 2 Sanctions 'Directed at Germany'

Chris Dillow — Free Markets Need Equality


I would change the title by replacing "equality" with "symmetry."
There’s one thing that’s crucial – equality [symmetry] of power. For free markets to have public acceptance, the worst-off must have bargaining power. Without this, “free” markets merely become a device for exploitation.
The basis of economic liberalism is free markets and free trade.

Classical and neoclassical economics provided the foundation of economic liberalism historically. Classical and neoclassical economics assume perfect competition. Perfect competition is vitiated by asymmetries, especially asymmetry of power and information. Perfect markets also presume symmetrical opportunity of participants.

Concentration of capital vitiates these assumptions of economic liberalism about free markets and free trade. Capitalism is about favoring capital as an economic factor on the assumption that growth is chiefly a function of capital formation. This disadvantages labor (workers) and land (the environment).

Owing to the economies of scale, free market capitalism leads to concentration of capital in fewer and fewer hands, which leads in turn to monopoly and monopsony in economics and oligarchy and plutonomy in politics. This vitiates both economic liberalism and political liberalism.

Free market capitalism based on economic liberalism is antithetical to the foundations of liberalism.

This is one of the chief paradoxes of liberalism.

There is no way to generate a truly liberal system, which involves integration, when one factor is favored over others.

As Aquinas said at the outset of De ente et essentia, paraphrasing Aristotle, "A small mistake at the beginning becomes a large by the end."
The inference here is, for me, obvious. If you are serious about wanting free markets you must put in place the conditions which are necessary for them – namely, greater bargaining power for tenants, customers and workers. This requires not just strong anti-monopoly policies but also policies such as a high citizens income, full employment and mass housebuilding.
In short, free markets require egalitarian policies. Free marketeers who don’t support these are not the friends of freedom at all, but are merely shills for exploiters.
Stumbling and Mumbling
Free Markets Need EqualityChris Dillow | Investors Chronicle

Bill Mitchell — Latest Greek bailout – a recipe designed to fail

I have been looking at the latest Greek bailout deal between the Greek government and the European Commission/IMF), which was concluded last week (June 16, 2017) and released a further 8.5 billion euros in new loans to the Greek government which means it can make bond payments due in July. Despite all the statements from the European Commission and the IMF to the contrary, the terms of the deal with the Greek government confirms that these institutions have abandoned any pretence to being interested in serious economic policy. For the European Commission, the desired irrevocable status of the euro, as a political statement, is all it seems interested in when it comes to Greece. They just don’t want to admit that Greece cannot reasonably function in this monetary union. Just like the previous bailout agreements, this deal will fail. It actually only stalls the reality for yet another day and the only goal it serves is to keep Greece using a currency it cannot afford to use – afford in both monetary and real terms....
Bill Mitchell – billy blog
Latest Greek bailout – a recipe designed to fail
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

The H.R.608 – Stop Arming Terrorists Act: Rep. Gabbard

Below is an interesting comment left by a reader on Guardian CiF. Rep. Gabbard tried to pass a bill to stop supporting armed jihadist militia groups, but hardly anyone in congress signed the bill. Ron Paul reintroduced the bill but with no luck.  Now why isn't this mainstream news? Just imagine if it was Russia that was sponsoring terrorists in the ME what the MSM would be saying? Sadly, people in the West can't see the bias or the propaganda.

Russia and China are going to send them Virginia farm boys back in body bags when the hot war starts and even at that point, the Guardian/NYT/Washington Post won't tell their own readers the full context.

Consider this.

Given the insidious history of the American empire and its creation and fostering of terrorist regimes across the globe, it should come as no surprise that the overwhelming majority of politicians would refuse to sign on to a law that requires them to ‘Stop Arming Terrorists.’
And, that is exactly what’s happened.

**H.R.608 – Stop Arming Terrorists Act was introduced by Rep. Gabbard, Tulsi [D-HI] on January 23 of this year. **

The bill doesn’t have any crazy strings attached and its original cosponsors are a mix of Republicans and Democrats — highlighting that it transcends party lines.

“For years, our government has been providing both direct and indirect support to these armed militant groups, who are working directly with or under the command of terrorist groups like Al-Qaeda and ISIS, all in their effort and fight to overthrow the Syrian government,” Gabbard said in an interview earlier this year.

The text of the bill is simple.

It merely states that it prohibits the use of federal agency funds to provide covered assistance to: (1) Al Qaeda, Jabhat Fateh al-Sham, the Islamic State of Iraq and the Levant (ISIL), or any individual or group that is affiliated with, associated with, cooperating with, or adherents to such groups; or (2) the government of any country that the Office of the Director of National Intelligence (ODNI) determines has, within the most recent 12 months, provided covered assistance to such a group or individual.

The only thing this bill does is prohibit the US government from giving money and weapons to people who want to murder Americans and who do murder innocent men, women, and children across the globe.

It is quite possibly the simplest and most rational bill ever proposed by Congress.
Given its rational and humanitarian nature, one would think that representatives would be lining up to show their support.

However, one would be wrong.

***After nearly 5 months since its introduction, only 13 of the 535 members of Congress have signed on as co-sponsors.***

What this lack of support for the bill shows is that the federal government is addicted to funding terror and has no intention of ever stopping it.
To add insult to treason and murder, Senator Rand Paul [R-KY] introduced this same legislation in the Senate.

He currently has zero cosponsors.

Further, why Israel, Saudi Arabia, Britain and Australia(!!) think they are untouchable at this particular moment in geopolitical history is utterly bizarre. I guess when the tail wags the dog too often it loses sight of its own precarious existence which is largely dependent on the fate of the master.

Unfortunately Russia, China and Iran have put the master on notice that at this point, they are all in.
May you live in interesting times.

Wednesday, June 21, 2017

France24 — Macron Rolls Back on ‘Assad Must Go’ Position


Needless to say, this is welcome news and a positive development in a sea of otherwise negative news and the gathering of war clouds.
President Emmanuel Macron said in remarks published on Wednesday that he saw no legitimate successor to Syrian President Bashar al-Assad and that France no longer considered his departure a pre-condition to resolving the six-year conflict.
France24
Macron Rolls Back on ‘Assad Must Go’ Position
Macron said he will not allow US “neo-conservatism” to seep into France, and that the focus of French policy will be aimed at achieving “stability” in Syria, rather than getting dragged into a Libya-style conflict.
“What was the outcome of these interventions? Failed states in which terrorist groups flourished. I do not want that in Syria,” the French leader emphasized.
RT
France’s Macron sees no ‘legitimate successor’ to Assad, declares terrorism a common enemy in Syria

Robert Parry — Russia-gate Flops as Democrats’ Golden Ticket

The national Democratic Party and many liberals have bet heavily on the Russia-gate investigation as a way to oust President Trump from office and to catapult Democrats to victories this year and in 2018, but the gamble appears not to be paying off.

The Democrats’ disappointing loss in a special election to fill a congressional seat in an affluent Atlanta suburb is just the latest indication that the strategy of demonizing Trump and blaming Russia for Hillary Clinton’s 2016 defeat may not be the golden ticket that some Democrats had hoped.
Though it’s still early to draw conclusive lessons from Karen Handel’s victory over Jon Ossoff – despite his raising $25 million – one lesson may be that a Middle America backlash is forming against the over-the-top quality of the Trump-accusations and the Russia-bashing, with Republicans rallying against the image of Official Washington’s “deep state” collaborating with Democrats and the mainstream news media to reverse a presidential election.
Indeed, the Democrats may be digging a deeper hole for themselves in terms of reaching out to white working-class voters who abandoned the party in Pennsylvania, Michigan and Wisconsin to put Trump over the top in the Electoral College even though Clinton’s landslide win in California gave her almost three million more votes nationwide....
That is not a strategy. It's a tactic and not a very good one. It's only a step above waiting for the opponent to stumble.

A strategy requires goals set by policy that determine strategic objectives. Strategy is about how to achieve objectives. Politically, this generally involves distinguishing oneself from one's opponents and showing one's position to be more in the voters interest while discrediting opponents for failing to meet voters' interests.

The Democrats are without a vision and therefore lack a clear policy. This is indicated by the push to unite a deeply divided party. Focusing on the opponent is not going to do that and the Democrats are just wasting time doing it.
Clinton’s popular-vote plurality and the #Resistance, which manifested itself in massive protests against Trump’s presidency, gave hope to the Democrats that they didn’t need to undertake a serious self-examination into why the party is in decline across the nation’s heartland. Instead, they decided to stoke the hysteria over alleged Russian “meddling” in the election as the short-cut to bring down Trump and his populist movement.
Losers.
While it’s a bit unfair to personalize the Democratic Party’s problems, Hillary and Bill Clinton have come to represent how the party is viewed by many Americans. Instead of the FDR Democrats, we have the Davos Democrats, the Wall Street Democrats, the Hollywood Democrats, the Silicon Valley Democrats, and now increasingly the Military-Industrial Complex Democrats.
To many Americans struggling to make ends meet, the national Democrats seem committed to the interests of the worldwide elites: global trade, financialization of the economy, robotization of the workplace, and endless war against endless enemies.
Now, the national Democrats are clambering onto the bandwagon for a costly and dangerous New Cold War with nuclear-armed Russia. Indeed, it is hard to distinguish their foreign policy from that of neoconservatives, although these Democrats view themselves as liberal interventionists citing humanitarian impulses to justify the endless slaughter.
Earlier this year, a Washington Post/ABC News poll found only 28 percent of Americans saying that the Democrats were “in touch with the concerns of most people” – an astounding result given the Democrats’ long tradition as the party of the American working class and the party’s post-Vietnam War reputation as favoring butter over guns.…
Consortium News
Russia-gate Flops as Democrats’ Golden Ticket
Robert Parry

Cate Cadell — Amazon’s grocery push playing catch up with Chinese e-commerce giants

As Amazon.com Inc <AMZN.O> looks to swallow U.S. grocery chain Whole Foods, China’s tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains.

China’s Alibaba Group Holding <BABA.N> and JD.com Inc <JD.O> have invested heavily in offline retail – bricks-and-mortar stores – in recent years to complement their online offerings.

With their ready-made payment and social media platforms to lure shoppers, Alibaba and JD.com have helped China become the world’s largest online grocery market, far ahead of the United States.

This early lead, cemented by densely populated urban areas and cheap labor, could be key as retailers and tech firms race to boost margins on low-cost consumer goods by reinventing supply chains with big data analytics.

“China is already the largest online grocery market in terms of value in the world so it’s really advanced in terms of scale,” said Nick Miles, London-based head of Asia Pacific for food and grocery industry research body IGD....
One America News
Amazon’s grocery push playing catch up with Chinese e-commerce giants
Cate Cadell

Ilana Mercer — Beware the Atavistic Dynamics Undergirding Two American Wars


Seems nothing was learned from the hype that promoted war in Iraq. Here we go again.

Ludwig von Mises Centre (“Mises UK”)
Beware the Atavistic Dynamics Undergirding Two American Wars
Ilana Mercer

The Putin Interviews Part 2 - Oliver Stone + Putin


Jack Ma: The US Wasted $14 Trillion on Wars



Founder of Alibaba, Billionaire Chinese businessman Jack Ma says the US wasted $14 trillion on Wars, but why didn't they invest some of that money in the US to create jobs. He says globalisation did not destroy American jobs, the US ruling elite did. Just think of the profits they could have made out of new technology, but no, the ruling elite are lazy, they don't want to work, pinching someone else's resources is much easier, and setting up bogeymen to start pointless wars so they can screw the American taxpayer.

 If you don't have much time, it's only 1:50 minutes long.

RT — US stuck in 20th-century foreign policy with wars & bases across globe – leading economist [Jeffrey Sachs]

Instead of building a global economy and solving problems like climate change in order to save the planet, the US is waging wars and maintaining military bases across the world, pursuing Cold War policies, Jeffrey Sachs says.
RT
US stuck in 20th-century foreign policy with wars & bases across globe – leading economist

RT — Europe must defend ‘liberal world order,’ limit Chinese & Russian influence – German minister

Europe should do more as a guardian of "liberal world order" because the US is starting to take a "skeptical" view of that role, German Finance Minister Wolfgang Schaeuble said, adding that China and Russia must be limited in their influence.

"If the United States is starting to take a skeptical view of its role as the guardian of global order – and we've already seen hints of this in recent years – then I would see this as a call to action directed at Europe, including Germany," Schaeuble said in a speech at the American Academy in Berlin, a think tank that promotes US-German ties.
He went on to state that China and Russia should not be allowed to step up to the plate when it comes to "filling the gaps left by the US."
“I doubt whether the United States truly believes that the world order would be equally sound if China or Russia were to fill the gaps left by the US, and if China and Russia were simply given a free hand to dominate the spheres of influence that they have defined for themselves,” Schaeuble said during the Tuesday speech.
“That would be the end of our liberal world order. This order is still the best of all possible worlds [and] it does not matter if you look at it from ethical, political or economic [points of view]. And we want this order to keep moving forward, or at least not see it weakened," he continued.
Russian President Vladimir Putin previously slammed Washington in 2015 for "attempts to create a unipolar world," implying that the US is attempting to dominate world affairs.
Are Western leaders gearing up for war to preserve the Western hegemony that has dominated the world beginning in 16th century? Or is the Wolfgang Schaüble talking out of the wrong hole again?

WTF gives the West the right to determine the world order? Is that liberal?

Another of the paradoxes of liberalism with paternalism masquerding as liberalism.

RT
Europe must defend ‘liberal world order,’ limit Chinese & Russian influence – German minister

Andrew Batson — How long was China Communist?


The theme of this blog is the length of time under communist rule and it's effects on liberalization.

The most interesting aspect is the comparison of Russia and China. Russia was a strictly communistic regime for almost 75 years, while China was communistic strictly speaking for a much shorter period.

Russia collective farmer resist attempts at privatization of land and farming, while China has enforced an urbanization policy and is replacing the traditional farming with industrial mechanized farming and relocating displaced workers to cities built for the purpose. This has resulted in a significant degree of social disruption in the hinterlands.

Russian farmers are generally satisfied with their situation with is running more or less cooperatively and they do not wish the land divided into privately owned plot. Whether they realize it, the trend is toward mechanized farming that obviates the competitiveness of small farms. What would happen is that the farms would be turned into privately own industrial farms, and the former workers would be displaced. They would rather continue to be part of a cooperative farm.

The big challenge in the Global South is the industrialization of agriculture that not only displaces millions of agricultural workers but also disrupts cultural traditions.

Andrew Batson's Blog
How long was China Communist?
Andrew Batson

Speaking of China, see also
I am the odd bird who prefers Beijing to Shanghai. The food is more representative of China as a whole, the faces show more drama, you are more likely to see “weird random ****” driving around in a cab, and the core culture is less chi-chi. It’s the most important city in the world. Let’s hope Washington does nothing to reclaim that mantle, New York never will.
Marginal Revolution
Beijing notes
Tyler Cowen | Holbert C. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center

Michael Hudson — Dad’s Many Proverbs


Insight into why Michael Hudson is a congenital leftist. Good read.

Michael Hudson
Dad’s Many Proverbs
Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

Bill Mitchell — There is a true oppositional Left forming and gaining political traction


Bill sees some "green shoots" politically. 
My theory is this. The younger voters have no life experience with old Labour (pre Thatcher). So all the bad things that New Labour-ites and the Tories might have said about Corbyn’s Labour would have had no meaning to them.
What do they care about the Winter of Discontent, Harold Wilson’s exchange rate crises, the bullying trade unions and all the rest of the narratives that are wheeled out to degrade the image of Labour – especially Corbyn’s ‘blast from the past’ policies (as depicted by the Tories and Blairites)?
What young people are searching for is hope for the future. And they have determined that neo-liberalism is not a source of optimism for the future.
Neo-liberalism and austerity has blighted their educational opportunities, undermined the health system, created chaose in the privatised transport system.
It is mean and nasty.
Moreover, while the mainstream media put out daily bile attacks about Corbyn, the young people don’t really buy or read the newspapers anymore.
The young people, increasingly connected by social media, and that is making all the Murdoch and Guardian-type hysterics irrelevant.
Conclusion
The British election, and to some extent, the French election shows that there is a new oppositional Left forming – finally.
The challenge for the left is monetary, financial and economic competence. This has been the big weakness that has resulted in leftist governments underperforming and failing to deliver on their promises.

Bill Mitchell – billy blog
There is a true oppositional Left forming and gaining political traction
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Greg Satell — The 4 Types of Innovation and the Problems They Solve


Relatively short and worth a read. It's business oriented but applicable to any kind of creative problem-solving. The first step is identifying the kind of problem and then matching the method.

Harvard Business Review
The 4 Types of Innovation and the Problems They Solve
Greg Satell

Edward Harrison — How monetary policy entrenches secular stagnation

I believe that weak nominal growth is a policy choice in large part, rather than a destiny. Here’s why.
"Phillips Curve thinking."
Now what Dudley was implicitly saying is that he wants to tune Fed policy in order to make sure a small cadre of people stays unemployed so that inflation doesn’t take off. That’s because he thinks that, at low levels of unemployment, inflation will rise so much that the Fed will have to react violently. And so it makes sense to prevent that from happening by raising rates sooner rather than later.
That’s a policy choice, folks. Dudley is saying lower inflation is better than higher inflation. And he is also saying in no uncertain terms that he prefers some people be unemployed because their lack of employment will weaken wage-earners’ bargaining power and keep inflation lower. It’s choices like this – when nominal growth is already low – that entrench low growth. And that’s why the yield curve is flattening.
Credit Writedowns
How monetary policy entrenches secular stagnation
Edward Harrison

See also

Michael Kalecki (Michal Kalecki), Political Aspects of Full Employment, Political Quarterly, 1943








Pam and Russ Martens — Report: Measured for Social Progress, U.S. Is a Second-Tier Nation


Not an area of concern for the US.
This morning the annual Social Progress Index and report were released, measuring 128 countries based on Basic Human Needs, Foundations of Wellbeing, and Opportunity. The United States ranked 18 and was placed in a “second tier” status. The report noted: “Traditional measures of national income, such as GDP per capita, fail to capture the overall progress of societies.”
On the component measuring health and wellness, the report found that the U.S. “performs far below countries at the same level of GDP per capita, registering relative weaknesses on all indicators in the component.” On the component measuring tolerance and inclusion, the researchers found that the U.S. “ranks just 23 in the world across this component, placing it behind less prosperous countries including Argentina, Chile, Uruguay, and Costa Rica.”
Cue: USA!, USA!, USA! We are Number One!

How did this happen?
The research findings from the Social Progress Index are yet another embarrassing black eye to the standing of America on the world stage — as billionaires move to consolidate their power in Washington.
What is social progress anyway?
The study defines social progress as follows:

“Social progress is the capacity of a society to meet the basic human needs of its citizens, establish the building blocks that allow citizens and communities to enhance and sustain the quality of their lives, and create the conditions for all individuals to reach their full potential.”
Creating the conditions for all to reach their full potential is the basis for liberalism. The foundation of liberalism is freedom from constraint and freedom to chose in order to create the conditions necessary to use freedom for self-development as an individual and self-determination as a people.

Freedom from, freedom to, and freedom for are the sine qua non of traditional liberalism based on the Western intellectual tradition that began with the ancient Greeks.

Wall Street On Parade
Pam Martens and Russ Martens

Stephen Lendman's New Site

http://stephenlendman.org/

It looks good.

The Oliver Stone Interview Destroys Russophobia



Part 1

I really like Putin. Oliver Stone draws him to criticise Yeltsin but Putin doesn't do so. Putin never has a bad word for anyone. He's very diplomatic for sure, but Western Politicians are nothing like that. Washington is a cess pit of hate.



The Putin Interviews: Part 4

Proof Vladimir Putin is not a bad guy as the United States Democratic Party claims. This is his side of his issues made public.

I am posting this video to seize tensions between Russia and the United States hoping for a peaceful resolution. Nuclear Holocaust is not an answer. There must be some way the USA and Russia to continue friendly ties and become allies at last. This is the only reason I am posting this video. To show the American people war with Russia as Hillary Clinton insist is not the answer!!