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So far has created 19 blog entries.

War and the Economic Crisis

War is inextricably linked to the impoverishment of people at home and around the world. Militarization and the economic crisis are intimately related. The provision of essential goods and services to meet basic human needs has been replaced by a profit-driven “killing machine” in support of Americas “Global War on Terror”. The poor are made […]

Poverty and Social Inequality

The global political economy is a system that enriches the very few at the expense of the vast majority. The global economic crisis has contributed to widening social inequalities both within and between countries. Under global capitalism, mounting poverty is not the result of a scarcity or a lack of human and material resources. Quite […]

The Failure of Mainstream Economics

The economics profession, particularly in the universities, rarely addresses the actual “real world” functioning of markets. Theoretical constructs centered on mathematical models serve to represent an abstract, fictional world in which individuals are equal. There is no theoretical distinction between workers, consumers or corporations, all of which are referred to as “individual traders”. No single […]

Financial Fraud

Media disinformation largely serves the interests of a handful of global banks and institutional speculators which use their command over financial and commodity markets to amass vast amounts of money wealth. The corridors of the state are controlled by the corporate establishment including the speculators. Meanwhile, the “bank bailouts”, presented to the public as a […]

The Myth of Economic Recovery

The existence of a “Great Depression” on the scale of the 1930s, while often acknowledged, is overshadowed by an unbending consensus: “The economy is on the road to recovery”.
While there is talk of an economic renewal, Wall Street commentators have persistently and intentionally overlooked the fact that the financial meltdown is not simply composed of […]

Terror Attacks on Oil Ships

Following the attack on the Limburg, Osama bin Laden released an audio tape warning of attacks on economic targets in the West: “By God, the youths of God are preparing for you things that would fill your hearts with terror and target your economic lifeline until you stop your oppression and aggression.” It is no […]

Gold, Silver and “Crashing Markets”

Breaking the quarter down and looking under the hood, were it not for the biggest inventory build of any quarter in history, the quarter would have shown a negative 2.6% growth rate . What exactly does this mean? It means the consumer or final user has shut off their purchases. It means “stuff” was produced […]

Policing the Sea

If September 11 holds any lesson, it is the folly of complacency in the face of an emerging threat. Since the attacks, much has been done to improve maritime security in the industrialized world, where millions of containers are handled every year. But isolated local measures will not suffice. International terrorists who want to cripple […]

The Global Economic Crisis, The Great Depression of the XXI Century

We are not dealing with a narrowly defined economic crisis or recession. The global financial architecture sustains strategic and national security objectives. In turn, the U.S.-NATO military agenda serves to endorse a powerful business elite which relentlessly overshadows and undermines the functions of civilian government
Each of the authors in this collection digs beneath the gilded […]