by Leith van Onselen Macro Business (August 22 2013) http://www.macrobusiness.com.au/wp-content/uploads/2013/08/ScreenHunter_31-Aug.-22-13.38-200x200.gif Back in the early-1930s, renowned economist, John Maynard Keynes, predicted that technical innovations and rising productivity would mean that advanced country workers would be able to work only fifteen hours and still enjoy rising living standards. In a highly amusing, but also somewhat depressing article … Continue reading Rise of the Bullshit Job
... and the workers are not winning by Bill Mitchell billy blog (August 29 2013) The Politics of Envy - that old chestnut from the neo-liberals - is bandied around every time there is any insinuation that the capitalist system produces distributional outcomes that are not remotely proportional to the effort put into production. Whenever … Continue reading There is a class warfare …
... to Keep Wall Street Fat and Happy by Dean Baker Truthout | Op-Ed (August 26 2013) The debate over public pensions shows clearly the contempt that the elites have for ordinary workers. While elites routinely preach the sanctity of contract when it works to benefit the rich and powerful, they are happy to treat … Continue reading Pinching Pensions …
by Jack Hitt Lapham's Quarterly (Spring 2013) http://www.laphamsquarterly.org/images/bonobos.jpg Precisely when the ancient primates who preceded us Homo sapiens actually turned the corner to become human is one of those running battles in anthropology. Theorists scrutinize the long arc of gradual evolution to find a slight nick in the curve and there, it's argued, our glorious … Continue reading Our Orgastic Future
by Igor Alexeev Naked Capitalism (August 28 2013) Cross-posted from Oil Price http://oilprice.com/Energy/Natural-Gas/Has-the-Shale-Bubble-Already-Burst.html Just like the famous Gold Rushes of the nineteenth century, US shale gas development is turning out to be a limited and regional market opportunity. Across the Atlantic, the high financial and human costs to fracking also mean that Europe should forget … Continue reading Has the Shale Bubble Already Burst?
by William Blum http://williamblum.org (July 29 2013) Official website of the author, historian, and US foreign policy critic That most charming of couples: Nationalism and hypocrisy It's not easy being a flag-waving American nationalist. In addition to having to deal with the usual disillusion, anger, and scorn from around the world incited by Washington's endless … Continue reading The Anti-Empire Report #119
... to Power the UK for Seven Years by Yves Smith Naked Capitalism (August 27 2013) Yves here. Let me underscore that the source for this article is not a granola-head organization but the Lawrence Livermore National Laboratory, which is one of the US national labs, or more formally, the United States Department of Energy … Continue reading The US Wastes Enough Energy Each Year …
by John Michael Greer The Archdruid Report (August 21 2013) Druid perspectives on nature, culture, and the future of industrial society The reduction of contemporary debates about the future to ritual theater, the theme of last week's post here on The Archdruid Report, isn't limited to the specific technological issues I discussed in that essay … Continue reading Well and Truly Fracked
by James Howard Kunstler Clusterfuck Nation Blog (August 19 2013) The Federal Reserve answers only to God, but Ben Bernanke's must not have known that his boss was such a prankster. All of a sudden here is the interest rate of ten-year Treasury paper rising like an angry carbuncle on Ben's pale tuchus just when … Continue reading Nowhere to Run, Nowhere to Hide
by Dmitry Orlov Club Orlov (August 20 2013) Without exception, all communities that abide have a unique and specific ideology, or faith, or set of principles, which they accept unquestioningly, and which they attempt to practice to the greatest extent possible. I decided to use the term "ideology" because it is the most neutral term … Continue reading What comes first?