Southern Methodist University economics professor Ravi Batra says the financial crisis is just one symptom of a long-festering economic disease – a disease caused by neglecting basic economic principles over the past 30 years. The doctor’s medicine includes following policies that close a wage-production gap and going against policies that created it: free trade, regressive taxation, and merger mania.
In …
By Mark Friedman
Former Mayor of the City of El Cerrito, California
The increasing economic shakiness necessitates preparing for possible worse case scenarios, notably that the global economy could enter a prolonged period of recession or depression. An economic depression brings a significant increase in lay-offs and unemployment, dwindling retail sales, falling stock values, depressed real estate prices, and a …
(PROUT Globe, 2011) – The ten most valuable brands in the world last year were American (see table). Of the world’s 100 most valuable brands more than a third were United States-based. [1]
Why is the country’s economy faring so badly then, threatening to throw the entire global economy into a total collapse?
Severe crises seldom have one singular simple …
Garda Ghista
I. Proof of Empire
II. Proof of Collapse
III. Rise of a New Economy
“War and imperialism are Siamese twins joined at the hip. Each thrives off the other. They cannot be separated. Imperialism is the single-greatest cause of war, and war is the midwife of new imperialist acquisitions.” Chalmers Johnson
While …
(PROUT Globe, 2011) – We human beings would first and foremost like to be able to feed, clothe, house, educate, etc. ourselves. Then move on further. We don’t need profit for profit’s sake. All we really need and want is to progress in life. This is the essence of real economy. What sets real people from the unreal is their …
(September, 2011) – Don’t worry. A double dip recession is not going to kill off this capitalism. The very wealthy of 2011 are much better prepared than they were back in 1929. Today’s Big Finance run mighty financial organisations with powerful boards and widely advertised annual meetings. These global bodies – the Paris Club, the Bilderberg Group, the World Economic …
Prabhakar Overland
History suggest that capitalists have been around much longer than capitalism, and that we may expect capitalists to appear among us even after the collapse of present global casino capitalism. The question is: What on Earth will capitalists do in a capitalism-free world?
In order to find out we shall have to differentiate between:
Originally published in Global Times, 1995.
Susmit Kumar, Ph. D.
For centuries Kashmir was a place noted for its adherence to the gentle Sufi form of Islam. Kashmir was the only place where no communal riot and killing took place during the partition of India. But since 1989, India has been fighting Pakistan-sponsored infiltration in Kashmir.
India and Pakistan …
P.R. Sarkar
(25 March 1989, Kolkata) – At the beginning of this earth, there was absolute silence — there were no living beings or even plants. This condition continued for hundreds of millions of years, until the earth was properly formed.
Then a phase came when rain and storms started, and by a gradual process, life emerged. As a result …
