Shrinkage means the voluntary downsizing of the national economy, including a reduction in gross domestic product. "Voluntary" here indicates a preference for voluntaristic solutions - though not as individualistic and unplanned where well-to-do opt out of the consumerist market model.
Economic Stagnation and its Mastery (tags)
Corporate profits explode while investments stagnate.Social housing declines with privatization. According to neoliberal theory, higher profits lead to grater investments and more jobs. In truth, higher profits lead to more use of tax havens and companies buying back their stock.
Russia
New York Times Promotes War on Syria and Iran (tags)
media
The End of the "Golden Age" of Capitalism and the Rise of Neoliberalism (tags)
"The central point is that the financial sphere has the potential of developing into an autonomous subsystem of the whole economy with an enormous capacity of self-expansion..Like cancer, it has no internal control mechanism. It can only be brought under control by external interventions"
Obama Year Two: Continued Betrayal and Failure (Part II) (tags)
government betrayal
IF Stone: An Iconic Radical Journalist (tags)
one of America's greatest
Systemic Failure: Capitalism "Lays an Egg" (tags)
deepening economic crisis
The Long March of the Cuban Revolution (tags)
In 1960, C. Wright Mills warned Americans that the revolution in Cuba was the start of a wider process that would spread to Latin America and the third world. On the occasion of its fiftieth anniversary, practically anyone can see that our continent has begun a new era...
From Real Estate Speculation to Collapse of Global Deficit Economy (tags)
Joy to the world, the world of fallen idols and bubble transfer. The truth will set us free but the truth is a process, not a cudgel or stimulus. After the dot-com bubble, trillions were "invested" in real estate speculation. The crisis of the work society is the background for low interests.
Capitalism changed into "finance-driven" capitalism. The profit rates for industrial capital fell in the past decades. Washington could be paralyzed under the debt yoke like Japan in the early 1990s. After decades of market idolization, the US has rediscovered political power.
Full Speed Against the Brick Wall (tags)
Massive capital has streamed into the raw material sector and crude oil. When we leave the market to speculators, panic rules. The economy falls into a double crisis-out of scarce raw materials and energy and falling profit rates and mass demand.
Doug Dowd's "At the Cliff's Edge - Part II" (tags)
a stinging indictment of US imperialism
As for Iraq, if Kerry has a problem with Bush, it's that he didn't drag France, Germany and Russia into the war, preferring to strike a grabby, it's all mine, pose, rather than the "let's divide up the loot" approach the Democrats favor. Apparently, a gang rape is better than a rape carried out by a lone assailant, which, I gather, would make a gang rapist a rapist-lite, and therefore more worthy of our backing than a rapist who goes it alone. But, for the record, Washington hasn't gone it alone in Iraq, managing to cobble together a coalition, though one lacking France, Germany and Russia, whose backing, in some perverted twist of reasoning, is supposed to have invested the rape of Iraq with legitimacy. Apparently, if you can lure other renowned rapists into a gang rape, it gives the whole sordid affair moral weight.