Cancellation: Regretfully, UADPhilEcon is forced to announce that, due to contractual obligations, tomorrow's talk by James K. Galbraith is cancelled

English Politics and Economics Uncategorized 617 Views 20 comments October 2, 2011

Cancellation: Regretfully, UADPhilEcon is forced to announce that, due to contractual obligations, tomorrow’s (Monday 3rd October) talk by James K. Galbraith is cancelled.  James’ contract with a commercial organisation did not, as it turned out, permit him to deliver this lecture. Hopefully, when and if UADPhilEcon recovers its funding, we shall be in a position to stage this event without such impediments. Apologies to all who looked forward to James Galbraith’s talk.

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  • Is it possible to follow the lecture in internet? or later in youtube or another similar? Or reading it?

  • THE PERMANENT PIPELINE, Part 1 – Germany voted YES!

    Just briefly, the vote asked for an expansion of the EFSF, Germany voted yes. – Btw. a parliamentary vote for the second part of the pipeline, voting for ‘the valve’, for the ESM is planned for 01/12 –

    I would urge everyone to do their own research to find out what implications the combination of EFSF and ESM means for the future.

    The proposed mechanism is not designed to help the people of our nations, it is not designed to safe the Euro, it is not designed to end this crisis. On the contrary.

    It is designed as an airbag for the financial industry and gamblers and super rich, or to stick with my original analogy, it is designed to act as a permanent pipeline that has a valve that can be operated by an organization that is unaccountable and immune against all laws.

    So what does that mean?

    Since 2008 Banksters succeeded to blackmail governments into committing taxpayers money to cover their private losses. At the same time, no substantial results were achieved by politics to stop the gambling in the parasitic economy.

    The vested interest groups who represent the parasitic economy succeeded through their lobby power, blackmail, and other means to establish a permanent pipeline that is designed to allow taxpayers money to be stolen at all times, whenever they see fit.

    This is the Europe of their making, a Europe of CEO’s and Banks with umbilically connected politicians that act on their behalf. A political Europe of captured and spineless career civil servants. A Europe that has been captured by the overwhelming and unhealthy representation of the right wing and reactionary EPP, the European Peoples Party, dominating all three institution, Commission, Council, and Parliament. A one tier political Europe that is the product and design of Lobby power.

    This pipeline is not only an instrument of financial totalitarianism, it is much more than only an instrument to redistribute wealth from the people to the hedge funds, banks, investors and super rich.

    Resistance no longer is only an option, it no longer is only a worthy consideration, it now is the ethical duty of those who understand the events unfolding.

    • @ Dutch Jack

      despite all the advancements in science and medicine, unfortunately to date there is no pill available against xenophobia.

    • Yes Ineke,

      this is not astonishing at all. The general level of competence in politics has declined dramatically. The new breed of “yes-men” have occupied the middle management halls of power. Economic illiteracy is very high amongst these ladies and gentlemen, and herein lies another reason for this successful heist.

      Add the revolving door rewards principle in place, and one can see the same faces who were in politics, all of the sudden being offered positions in Banks, Insurance and Consultancy.

    • @Georg R. Baumann: Unfortunately there is no other option than Wilders. All other parties deny that the EURO will eventually fail and keep on pouring good money after bad money into a hole with infinite depth.

      I rather vote for a party that gets the single most important (expensive) issue right and have some collateral damage on the side, that getting this issue wrong.

  • Hello! I am no economist but rather a Greek American artist living in NYC watching Wall Street ride on the stormy waves of the “Euro crisis”. I agree with the above poster who wrote:

    “The proposed mechanism is not designed to help the people of our nations, it is not designed to safe the Euro, it is not designed to end this crisis. On the contrary.”

    “It is designed as an airbag for the financial industry and gamblers and super rich, or to stick with my original analogy, it is designed to act as a permanent pipeline that has a valve that can be operated by an organization that is unaccountable and immune against all laws.”

    Again today, I see Wall Street has just gone back UP due to Merkel and the European Union supposedly “bailing out Greece”. Obviously, some people today just made a lot of money. So I believe the middle class and the poor of Greece need an investment plan! Here is my plan (but remember I am no economist).

    All middle/lower class greeks invest 25-50 euros per month in a high yield growth fund on Wall Street immediately (as a group) so as they watch their beloved country go DOWN, they can at least watch their Euros on Wall Street go UP. We could call this the “Indignant Investors Growth Fund” (or anything else you like) and we can ask Mr. Yanis Varoufakis to manage the fund. 🙂

    Now all Greeks, rich and poor, will be able to profit on the demise of Greece.
    t.s.

    By the way has anyone seen the Wall Street Protest “anti-capitalist” protest movement? http://www.chicagotribune.com/news/sns-rt-us-usa-protests-wallstreettre78s4hk-20110929,0,3760883.story

  • Are there transcripts of these lectures available? Will there be one of the forthcoming Galbraith – for those not lucky enough to be in Athens?

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