I...know that the problem is not necessarily that you and I are economic illiterates. The problem is often that the “experts” discuss these issues as if we’re dealing with hard and fast rules or laws, not to be violated, scientifically based, mathematically sound and rational; when, in fact, a great deal of what takes place in the real world of economics and in the arena of “expert” analysis of that world, is based significantly on partisan party politics, ideology, news headlines, speculation, manipulation, psychology (see the utter meaninglessness and absurdity of the daily rise or fall of stock prices), backroom deals of the powerful, and the excessive power given to and reliance upon thoroughly corrupt credit-rating agencies and insurers of various kinds.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Friday, July 29, 2011
The Occult World of Economics The Anti-Empire Report
Click here to access article by William Blum from Foreign Policy Journal.