Category Archives: Global crisis

A Failure Analysis of the US Economy

By Apekshit Mulay (Apek), Microtech Analytical Labs
engmulay@gmail.com

Introduction

As failure analysis engineers for companies, our job is to find the root cause of failure and recommend changes in design, process, tests, etc. to fix the problem. This type of analysis has become an important part of semiconductor mass production, which makes electronics cheaper and affordable for consumers. At the …

Globalizing the Company Town

By Ravi Logan

A “company town” is a town in which all property, services, and enterprises are owned by a single company. In a company town, it is the company that hires, fires, and retires workers. It is the company that runs the store where people get their commodities and that controls the water and the electric systems. The …

Global Capitalism’s Four Fatal Flaws

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 …

A Discussion: The PROUT Clue to the Financial Crisis

(July 2012) – As the banking crisis unfolds, the world shudders in horrified wonder as to its realities: Players at the top in the loans and investments industry have systematically plundered our wallets to the tune of trillions and trillions of dollars.

And when they announce bankruptcy on top of that, governments simply extend their full support by giving them …

With Euro Crisis Deepening, EU Presses on with Economic Integration

(PROUT Globe, June 27, 2012) – The battle to rescue the Euro is intensifying. With Cyprus being the latest member country to request a bailout, central EU forces now suggest increased economic centralization of the Eurozone.

The new plans involve a common finance department with powers to overrule national budgets. EU Commission President J.M. Barroso calls the new initiative a …

US Dollars “Print on Demand” and the Current Budget and Trade Deficits Drama

(June 2012) – Dr. Susmit Kumar is the author of Casino Capitalism (iUniverse) and other litterature on the present global economic situation and Islam. Recently he talked to PROUT Globe about the deficits of countries in economic crisis.

PG: What is main cause of the current economic crisis in Europe?

SK: It depends on your perspective. Socio-economically speaking …

News and Reality

(March 13, 2012) – Some news sound like Prozac to the financial community and like depression to the rest of us.

The news: February saw 227,000 Americans find work, the U.S. Labor Department said on Friday, sending the total number of jobs created in the last six months to just over 1.2m. That’s the best run since the first …

PROUT Response to the Global Metacrisis

By Ronald Logan
In the world today there are difficulties that cannot be mitigated merely by good intentions. The situation with the world economy is fragile, to say the least. The growing scarcity of oil is creating tensions. The planet is being poisoned by pollution. There is increasing limitation of the planet’s ability to sustain the population. And there is …