Books English Politics and Economics The Global Minotaur: A theory of the Global Crisis Uncategorized

The Global Minotaur as a most peculiar Global Surplus Recycling Mechanism

Continuing with the story of the Global Minotaur, today’s post looks at it as a most peculiar Global Surplus Recycling Mechanism .(to get up to speed on what this mechanism might be all about, click here) Following the collapse of the Global Plan in 1971, by the end of the 1970s America’s twin deficits had started […]

Academic English Politics and Economics Uncategorized

A late night discussion with Richard Holbrooke remembered

It was summer of 2003. The setting was the island of Kos, a stone’s throw from the Turkish coast. Richard Holbrooke was participating at that year’s Symi Symposium organised by George Papandreou, then Greece’s Foreign Minister, currently Prime Minister. Though not a participant in that symposium (which also featured notables like Bill Clinton, Segolen Royal […]

English Politics and Economics Uncategorized

Wikileaks' Precursor and Unsung Foe of Neoliberal Economics

A tribute to Daniel Ellsberg, whose analytical work exposed the Achilles’ Heal of toxic economics forty seven years before the Crash of 2008, and whose courageous leaking of the Pentagon Papers stunned the world by exposing thousands of documents revealing the US government’s lies about Vietnam.

English Essays Politics and Economics

Cutting our noses to spite our faces

The trouble with austerian logic is that it is grossly illogical. It does not even make sense in terms of the logic of microeconomics, let alone that of macroeconomics. Consider the current conundrum facing Greece and Ireland, the eurozone’s set of failed states (so far): Both countries have been forced to slice 10% off government […]