We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore LappĂ©, excerpt from Time for Progressives to Grow Up

Friday, November 4, 2016

Finance as warfare

Click here to access article by the editor (Edward Fullbrook) of Real-World Economic Review Blog.

In this article the author introduces us to a book by Michael Hudson entitled Finance as Warfare published by RWER. However, what is left out in this introduction is the fact that in this era of globalization, capitalists totally disregard borders (unlike the rest of us). That means that their own populations (mostly in the US and Britain) are put into debt and controlled by debt as well as foreign nations and their populations. So it's global class warfare not imperialism as is implied in the introduction; and I suspect according to my reading of Hudson's articles, that it is likewise treated in his book.

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