The existence of powerful international bodies and their frequent interaction with world stage politicians, is the main structural reason that enables global capitalism today to somehow keep its head above water in an otherwise lost game.
[May 29, 2015] – All over the world, experts and laypeople alike are increasingly wondering about the apparent resilience of global capitalism. Against all …
The above graph indicates the extreme wage gap in the USA, 2008. In the five years since, the gap has only increased. According to PROUT, the crisis of wealth concentration is the main cause of financial crises and severe economic downturns. Click for larger image.
By Apek Mulay, Sr. Analyst
Reproduced from SemiWiki.com
It is an open secret that, for a variety of reasons, the U.S. manufacturing base has sharply deteriorated over the past three decades, and the semiconductor industry is no exception. In fact, this industry may have suffered harder than some other American enterprises. The purpose of this paper is to explain the …
Cape Bojador is a relatively insignificant geographical feature on the northwestern coast of Africa — too minor to get shown on most maps of the continent. Even its appearance is unimposing; it is not a jutting or high rocky promontory, but a gently rounded protrusion of low-lying Saharan sand. However, while Cape Bojador may be a minor …
The following material is based on Michael Towsey’s essay, “Tax in a Proutist Economy, Version 2.1”, PROUT Institute of Australia, 24 June 2005, 39 pp.
Tax is government’s claim on a portion of the wealth produced by the community. There are three primary reasons governments levy taxes:
To provide public goods and services, such as police, courts, schools, roads, garbage
There are four inter-related defects inherent in global capitalism. The first fatal flaw is great concentration of wealth. Greed is the excessive and selfish pursuit of wealth or other material things, without concern about whether one’s actions deprive others of necessities. Rather than controlling this instinct, unregulated capitalism encourages it. Some proponents of free market capitalism go so far as …
(PROUT Globe, September 2012) – A major US investor warns that further rounds of quantitative easing will be disastrous, and predicts the world’s leading economy will return to the gold standard.
“QE3 is coming. You know we’ve got a phony recovery, so it’s going to fail,” Euro Pacific Capital chief Peter Schiff argues. “We are headed for a currency crisis, …
The nine years that have passed since Dada Maheshvarananda first published this precious book have proven its validity and relevance. The first decade of the 21st century dramatically revealed the chaotic, dehumanizing and destructive nature of global capital. Capitalism’s logic of maximum profit in the shortest time, with minimal government regulation and intervention has created a …
From Sohail Inayatullah's Situating Sarkar: Tantra, Macrohistory and Alternative Futures (Gurukul Publications 1999).
Finding Sarkar’s works exemplary because of his ability to resolve classical economic, epistemological and social contradictions, in this essay, we locate the works of P.R. Sarkar within a range of discursive schemes, and, at the same time, I attempt to reveal the problems that are inherent in …