Early this morning eyes went to a news analysis on pension strike and salary of the VCs of the UK’s universities published by the Guardian “Vice-chancellors simply cannot justify the fact they are paid many times more than their local council and NHS trust chief executives, at a time when their own staff have been… Continue reading UK University Pension Strike: Creating Fairer Society!
Building blocks. just simple via Shutterstock Rebecca Earle, University of Warwick What we eat matters to us – but we’re not sure whether it ought to matter to anyone else. We generally insist that our diets are our business and resent being told to eat more fruit, consume less alcohol and generally pull our socks… Continue reading How the humble potato fuelled the rise of liberal capitalism
Nobel Peace Prize Laureate Prof Joseph Stiglitz- former Chief Economic Advisor to President Bill Clinton and World Bank) has claimed that globalisation has been discontents, so He has suggested the way of Making Globalisation Work. In his words: The Washington consensus had paid too little attention to equity. (17) Global warming has become a true challenge of globalization. (17) Economic… Continue reading Global warming has become a true challenge of globalisation: Stiglitz
A report on the causes of BREXIT has been published. According to this report, Brexit was the reason of ‘Poverty, Low Skills and Lack of Opportunities’. The research was accomplished by Goodwin, M, and Heath, O (2016) for the JRF Organisation. ‘This report provides unprecedented insight into the dynamics of the 2016 vote to leave… Continue reading Instability: Poverty and low skill push Britain to Brexit
Some claim the world has achieved tremendous progress and prosperity, however, many believe that more than half of the world’s population are still struggling to have fulfilled their basic needs such as food, clothing, and shelter. Few are enjoying the wealth while many are suffering from extreme poverty. The patterns of resources distribution are extremely… Continue reading Injustice is intended as justice: Justice is denied by designed
Populism is, perhaps, a way of becoming popular for ‘vote’ and ‘note’ so that that power is easily captured. Populism is a path of politicians and celebrities who want to be ‘popular’ even being ‘naked’; probably naked is not physically but thoughtfully.
By Steve Keen | Evonomics I like Joe Stiglitz, both professionally and personally. His Globalization and its Discontents was virtually the only work by a Nobel Laureate economist that I cited favourably in my Debunking Economics, because he had the courage to challenge the professional orthodoxy on the “Washington Consensus”. Far more than most in… Continue reading Economists Ignore One of Capitalism’s Biggest Problems
Disseminated data on food waste, history of famines and current inflamed obesity in affluent society have proved that hunger is a careless problem by design ! #ZeroHunger Women produced 80% food in developing countries but they face 70% poverty. Similarly more than 80% food is produced in developing countries but they are suffering from vicious… Continue reading Food Security and Zero Hunger
Globalization is in critical mode, basically after Brexit and Donald Trump's victory in US president has brought forward "New Nationalism", The IMF, World Bank and Treasury department of US were the creators of Washington consensus. Then What would happen with neoliberalism? Some interesting readings lists. Whose resources sharing? "If globalization is the process of sharing… Continue reading Globalization or Googalization !
Here are the letest development of anti-neoliberalism, after Brexit Italian PM Matteo Renzi resigns after referendum defeat and the rise of the populist Five Star Movement http://bit.ly/2h7B5M9 (today) Austria elects left-leaning president over Norbert Hofer France’s far right leader Marine Le Pen has welcomed the Italian referendum, Anti-euro leader in lead New Nationalism of Donald Trump… Continue reading Neoliberalism Crisis after Brexit
They have insistedthat black is white, even as the voters beg to differ. In their seminar rooms, their TV studios and their Geneva offices, they have perpetrated the ideological sleight of hand that equates internationalism with free trade, and globalisation with untrammelled corporate power. The result has been misery for workers from Bolton to Baltimore… Continue reading But on free trade they have a point | The Guardian
This morning, I had a lovely time to watch Television with strong black coffee and bread and butter. I was updating global news on BBC Breakfast. Hobby is making me crazy. For a conversation Professor Andre Spicer was presented on the screen. Spicer was talking about corporate behaviour. In the answer of a question he… Continue reading Consumers, Employees and Investors are annoying but CEOs get pay rises!
Now, the UK has decided to leave the EU following the results from the referendum. People’s verdict is always supreme; everyone should respect the mandate. But the Brexit was an outcome of a divided campaign within the Conservative party i.e. Prime Minister vs Ex-Mayor of London. Also I think, election time is not good as people are disappointed with austerity measures and the European Union (EU). The EU was unable to sort out the problems of austerity,… Continue reading Brexit was an outcome of a divided campaign within the Tories
Problems such as an ageing population, environmental damage and inequality can be overcome in a society of abundance and exponentially rising productivity and innovative activity, according to Mason. The abundance of information can become what Marx, in a fragment contained in his Grundrisse, called the ‘general intellect’ or social knowledge. As the most important factor of production, as opposed to the land, labour and capital traditionally emphasised by economics, this can be seen in the increasing importance of the internet in modern society. Through the latter, there are fewer barriers to the accumulation of knowledge by networked individuals in society. The ‘internet of things’, in which technology makes goods, services and capital increasingly intelligent, will also be revolutionary.
Humans using information intelligently as a factor of production is not new. Every technology requires particular knowledge and intelligence to use it in a way that generates profitable output. Information misused will be less productive. The difference today is that information is more abundant than ever, as Mason argues, so he is at least half right. Perhaps our awareness of this phenomenon is also becoming more widely appreciated.
I said I would post something on Paul Mason’s thought-provoking book, Postcapitalism – a guide to our future, which has just come out in paperback. It makes a good read, and contains a wealth of ideas from economics, political economy, and futurism, all mixed together in the author’s aim to inspire a progressive transition beyond capitalism, but not to socialism, which he admits has been a huge failure for the left. Instead, he calls his utopian vision ‘postcapitalism’.
Mason starts by describing the current political economic paradigm, neo-liberalism, as having reached its limits with the crisis of 2008 and the subsequent tepid, or in many cases absent, recovery. There has been sluggish output and productivity growth, alongside wage rises for those at the very top of the income distribution but barely any change for the middle and bottom. In fact, these trends were only temporarily overcome by the excessive expansion of credit prior to…
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QUOTE We have been seeking happiness on the pain of others. Militarization, materialization and robotisation of human beings are the pain which is the routine job of so-called modern society. This is not the way of sustainability as well but we are talking so much about sustainability. Definitely wisdom is better than knowledge. Liberalism is… Continue reading Gross Happiness