Is Economic Speculation a Form of Structural Violence? (tags)
According to neoclassical economic theory, the financial markets return to equilibrium. Problems only occur because of state intervention. The roaring twenties led to an enormous stock euphoria. In 2018, companies inflate their stocks in a $70 billion stock buy back program.
High court rules that financiers are more sovereign than Argentina (tags)
Although the corporate press has attempted to reduce Argentina’s debt to a simple morality tale of a debtor being obligated to pay back its creditors, the picture becomes much clearer once we understand the odious nature of Argentina’s debt.
Book Review: "The Greatest Predatory Attack of History" (tags)
The 1933 Glass-Steagal law created a firewall between commercial and investment banks and prevented speculators from gambling with the money of savers. Restoring Glass-Steagal would restore trust and public spirit. Profit-making is not profit-maximizing; speculating is not investing.
Speculators trade in two weeks what the world makes in a year (tags)
The gargantuan size of the financial industry gives its largest players the power to dictate to the world’s governments.
Where does profit come from? (tags)
The work of employees, who are paid only a fraction of the value that they produce, is the source of profits for capitalists. Those astronomical salaries and bonuses enjoyed by executives and speculators come on the backs of the company’s employees.
Occupy World - The Protest Against the Financial System Intensifies (tags)
Since the beginning of the financial crisis, governments from Berlin to Washington solemnly vowed to regulate the financial system more strongly, close the casino on the financial markets and call to account financially the speculators.for their inflicted damage. Deeds did not follow.
Emergency Brake for Speculators (tags)
The private indebtedness brought about by unscrupulous financial managers mainly in the US was almost completely transferred to state budgets.
No to the Bailout of the Capitalist Speculators! (tags)
The financial crisis that has been heating up since early 2007 reached the boiling point in late September. Credit markets virtually stopped functioning. A full-blown panic swept stock markets worldwide. The U.S. economy is in the throes of a recession that could turn into a Depression lasting for years. In these dire straits, the Wall Street speculators who set off this crisis are demanding that the government rescue them with a bailout priced at $700 billion. The actual costs will be far higher, a trillion dollars or more. Meanwhile, the Democrats are pushing hardest for the Bush bailout of the banks. Presidential candidate Barack Obama blames "greed" for the crisis on Wall Street (capitalism without greed?) and says there must be no "blank check to Washington" -- meaning he's for putting in a few conditions as window dressing. Following in the Democrats' footsteps, the AFL-CIO labor bureaucrats called a demo for "No Blank Check for Wall Street." Yet no amount of regulation will stop the boom-bust cycle of capitalism. Meanwhile unemployment lines are growing and a million families were thrown out of their homes by bank foreclosures in the last year. While the fat cats, Democrats and bureaucrats are all going for the Bush bailout to prop up U.S. capitalism, revolutionary Marxists oppose this trillion-dollar giveaway to the Wall Street speculators, calling instead for a program of transitional demands leading to the expropriation of the banks and the entire bourgeoisie through workers revolution.
Can the Market End the Food Shortage? (tags)
Speculative money now flows in soy, corn, rice, wheat and sugar. The possibility of a "bubble" exists because speculators orient themselves in the behavior of other speculators and are only restrictedly interested in demand.
Short List of "Practical Necessities" (tags)
When interests rise, fewer and fewer investments occur in production and employ-ment, unemployment increases and the economy goes flat. This analysis of the Austrian economy could help the US battle deregulation and corporate enrichment.
E-Day: The Collapse of the Oil Lie (tags)
For a long time the oil market has functioned according to the laws of the monopoly game with players in Riad, Washington and Houston.. Only 50% of the necessary oil will be available in 8 years in 2012..
Chalabi's goons present to topple Saddam statue for press (tags)
Who died and made Chalabi the new 'god' of Iraq, with the power to determine the future of both the Iraqi nation and the oil that they depend on for their future? Allow a free and truly democratic (internationally monitored) election take place in Iraq and let the Iraqis decide whether or not they want this Chalubi as the next dictator of Iraq and whether or not to keep their oil nationalized for 'the benefit of all the Iraqi people' or whether they want the profits pouring into the pockets of American oil robber barons.