Showing posts from January 1, 2015

Blackwater Lobbyist Will Manage the House Intelligence Committee

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[How the smiling corporatocracy corrupts democracy and sovereignty. See also Peter Dale Scott's The American Deep State. *RON*]
By Lee Fang, Republic Report, 18 December 2014
After lobbyist-run SuperPACs and big money efforts dominated the last election, legislators are now appointing lobbyists to literally manage the day-to-day affairs of Congress. For the House Intelligence Committee, which oversees government intelligence operations and agencies, the changing of the guard means a lobbyist for Academi, the defense contractor formerly known as Blackwater, is now in charge.

Congressman Devin Nunes (R-CA), the incoming chairman of the Intelligence Committee when the House reconvenes in January, announced that Jeff Shockey will be the new Staff Director of the committee. As a paid representative of Academi, Shockey and his firm have earned $80,000 this year peddling influence on behalf of Academi.

In previous years, the House Intelligence Commit…

Greece, the Troika, and the New York Times

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[National sovereignty versus corporatocracy and the rule of the Teutonic austerians. "Germany wants to be able to threaten to unleash the bond vigilantes to in order to intimidate the Greeks from voting to restore democratic rule... German odes to European solidarity have been exposed as pious platitudes. Germany didn’t act to bailout Greece, it acted to force the Greeks to aid in bailing out German banks." *RON*]
By William Black, New Economic Perspectives, December 31, 2014

As I have explained in prior articles, there is an excellent chance that the Troika’s infliction of austerity on the eurozone’s periphery could, as with the austerity inflicted under the Washington Consensus continue to produce such long-term rolling recessions that it creates a political dynamic that discredits such economic malpractice and brings to power leaders elected on the promise that they will adopt economically literate policies. The first case of this in …

Why are weapons-makers excited by TTIP?

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[Issues related to the privatization (corporatization) of healthcare services and other public services under TTIP, which is currently being negotiated, are still flying under the radar of the general public. Just the kind of agreement Stephen Harper is drooling to have us be a part of. *RON*]

David Cronin, EU Observer, 18 December 2014

Could the world’s largest weapons company soon be managing part of our medical systems?

That absurd and nasty idea is being actively discussed. The National Health Service in England recently held a meeting for firms interested in providing support services to doctors. Among those firms were Lockheed Martin, the same company that has supplied interrogators to the US torture chambers of Guantanamo Bay,fighter jets to Israel and cluster bombs dropped by US forces in Afghanistan.

Not content with arming a superpower, Lockheed has been trying to muscle into civilian markets. For a number of years, it has been involve…

Bill Mitchell: Demystifying Modern Monetary Theory

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[A good 22 minute interview with the economist Bill Mitchell on Modern Monetary Theory. Blogger is very restrictive in the size of video file you are permitted to upload. I tried downgrading the quality of the video to get it to fit here, but it still would not work. So, simply click on the link to the YouTube video given above. You can also read an introduction to this video at this web page. *RON*]

On the Stupidity of Demand Deficient Stagnation

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[Welcome to 2015! A good short piece on the concept of insufficient demand. So, why would economists who recognize these influences still go on about the dangers of inflation, the horrors of public spending, et cetera? Try this piece from Naked Capitalism - it's not that difficult. You just have to realize that economists are economic agents like anybody else. *RON*]
Simon Wren-Lewis, mainly macro, 31 December 2014

In my last post I wrote about “why recessions caused by demand deficiency when inflation is below target are such a scandalous waste. It is a problem that can be easily solved, with lots of winners and no losers. The only reason that this is not obvious to more people is that we have created an institutional divorce between monetary and fiscal policy that obscures that truth.” I suspect I often write stuff that is meaningful to me as a write it but appears obtuse to readers. So this post spells out what I meant.

First a preliminar…