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
Formal countdown of globalisation has been started when Trump announces his territorial policy. I appreciate to him as he is at least open to tell the fact. If the world still believes in globalised values and norms then it must think how harmony is maintained...
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 !
"We see balatant use here of Malthusian population theory,' too many people and not enough food' ... and Monasanto's technologies are an essential ingredient of any solution" -(Young, 2012, p78-79) Quite interesting book.
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
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!
INCOMESCO is an amazing blog disseminates thoughts and methods with solution to increasing inequality, chronic unemployment, vicious circle of poverty, deeply divided society and wide mistrust. It is open discussion around the issue & area of interest. TEST OF POLITICONOMICS (Politics + Economics) ECONOMIC ANALYSIS BOOK REVIEW POETRY AND MORE
Our current economic model is INEQUALITY by design. -Sharan Burrow Image: WEF
The EU is capable of change, but in only one way; to grab more power from the member states. Democratic reform within the EU is an impossibility. Britain, one of the EU’s biggest donors, asked for reform, and, even when faced with the prospect of Brexit, the EU could offer us virtually nothing. The Lisbon Treaty gave the EU all the trappings of a nation state, and specifies that the EU is sovereign authority in all areas except those where it has chosen not to legislate. If you’re staying in the EU in the misguided belief that you can reform it, you fail to understand sixty years of history; we will be crushed by an unstoppable bureaucracy.
Just remember; You have to pay the price This not a free This is even more expensive! ...
Fourth Industrial Revolution (FIR) is on the doorstep. Income inequality and global warming are on the top of future challenges. There is a close link between financial system, digitalisation and economic inequality. Before looking into future, I think, we better start reviewing the past; especially the globalisation era how it went. I picked up some books… Continue reading Banking, Digitalisation and Inequality
(Poetry) Job is a piece of contract papers That guarantee Zero hour work, flexibility and Tiny money for reward To show increasing employment; Decreasing poverty! and To save fat corporate cat Because we believe on Human right and democracy So everybody is entitled To have contract paper ©Jesi, 2016
Shape of vampires Quickly designed by moving smoke Keep changing the shapes Sometimes horror and flashy animal
Last week I read an open letter to American voters posted by Jeremy Nix, a citizen journalist of Huffington Post blog. Title of the post was An Open Letter to My Friends Who Support Donald Trump. American people are desperately participating to elect their 45th president on November 8, 2017. Candidate, now, are being elected… Continue reading An open letter to American voters from Jeremy Nix
Oxfam’s latest report claims that income inequality has reached a new global extreme, exceeding even its predictions from the previous year. The figures behind this claim are striking – just 62 individuals now hold the same wealth as the bottom half of humanity, compared to 80 in 2014 and 388 in 2010. It appears not only… Continue reading Has the world always been this unequal? WEF