Category: disaster capitalism

November 4, 2008

Free markets fail

Duncan Cameron of rabble.ca discusses in this article how the free market has, and continues to, fail us. I copied the following: … price setting is not politically neutral after all. The market does not abolish power relationships: it facilitates the accumulation of market power in fewer and fewer corporate hands. The accumulation of economic power leads straight to the concentration of political power and […]

October 31, 2008

Paulson’s Swindle Revealed

From The Nation, we get this article . By now, some (maybe most) of you are saying, ‘yeah Bill.  We get it.  We’re getting ripped off and this is Georgie’s last stab at the world for making fun of him all these years.  We’re in the middle of the heist of the century.’ At least, I hope you are. Because once you do, then hopefully […]

October 29, 2008

Iceland: A Victim of Economic Larceny

I don’t think the little nation of Iceland entered the news much before September 2008.  When it did, it was depicted as iconic in its efforts to purchase hydrogen buses, run everything on geo-thermal energy and the home land of Bjork. Now, it’s the victim of economic larceny . The people of Iceland are being forced to pay 18% interest on their debts in order […]

October 28, 2008

JP Morgan Responsible for Financial Crisis?

Please note that any of these blog posts or opinions do not reflect investment advice and any action that you choose to take related to investing should be done so after discussing your ideas with a professional investment advisor. Original link This piece is pretty deep in its accusations concerning the financial crisis that we have had no choice but to become obsessed with.  I […]