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Entries in global economy (3)

Friday
May272011

Spanish Protesters Joining "World Revolution"


by grtv


In Spain's most politically conservative of cities, an unexpected and growing revolt - against the status quo, established political institutions, and against the old acceptance that nothing much will ever change.

The country's ruling party is facing growing anger over Spain's economic problems, and many people shunned the polls and chosen to protest instead.

Tuesday
Apr262011

WHY WALL STREET IS WINNING: A Hated Financial Center Is Bouncing Back. How did they Do It?

Danny Schechter

wall streetA Hated Financial Center Is Bouncing Back. How did they Do It?

Two years ago as financial reform was put on the U.S. Congressional agenda, a skeptical Senator, Dick Durbin of Illinois, spoke of the power of the banks over the country’s legislative process.

“They run the place,” he said matter of factly.

The comment was then treated as a sidebar in the few newspapers that carried it, perhaps because it The remark about a shadowy power structure far more important than all the partisan in-fighting that dominates the news is worth recalling as a way of explaining how little has been done to rain in Wall Street in the years since its crash virtually wrecked the global economy.

Click to read more ...

Monday
Feb282011

Vampire Squid Economics: A Case Study in Full-Blown Wetiko Disease

In Part One of this article, I contemplated a psycho-spiritual disease of the soul that I call malignant egophrenia and indigenous people call wetiko which is undermining the evolutionary development of our species. Wetiko/malignant egophrenia (heretofore referred to as wetiko) is nonlocal, in that it is an inner disease of the spirit, soul and psyche that explicates itself through the canvas of the outside world. Certain people, groups of people, corporate bodies, or nation-states embody and act out this psychological malady in the world. Specific situations in the world, such as the destruction of the Amazon rainforest by myriad multi-national corporations, or Monsanto instituting terminator seeds as it tries to gain control of the production of the food supply, are real-life enactments, both literally and symbolically, of this self-destructive, inner process. Certain potent symbols in our shared waking dream are literally showing us this inner, vampiric dynamic, a stupefying process in which we get bled dry of what really counts.

Click to read more ...