Central banks have trillions for speculation, none for people   Leave a comment

Systemic Disorder

There’s no money for schools, no money for social services, no money for the environment. There is lots of money for speculators, however. A tsunami of money. Money that is measured in the trillions.

The central banks of the United States, Britain, the eurozone and Japan have so far spent US$6.57 trillion (or €6.06 trillion if you prefer) on “quantitative easing” programs. And, for all of that incomprehensibly gigantic sum of money, what mostly has been accomplished is a stock market bubble. And, as a secondary effect, a boost to real estate prices, making real estate speculation pay off a bit more than it ordinarily does.

(Photo by Photo Dharma from Penang, Malaysia) (Photo by Photo Dharma from Penang, Malaysia)

Oh, no so much for the overall economy you say? Hard to argue that point. The world’s advanced capitalist countries are mired in stagnation, structural unemployment and widening inequality, with public investment starved and personal debt a…

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Posted December 15, 2015 by Gaia Will Prevail in Uncategorized

TPP promises health care for profits, not patients   Leave a comment

Systemic Disorder

Health care will take a large step toward becoming a privilege for those who can afford it rather than a human right under the Trans-Pacific Partnership. Government programs to hold down the cost of medications are targeted for elimination in the TPP, which, if adopted, would grant pharmaceutical companies new powers over health care.

This has implications around the globe, as such rules could become precedents for the Transatlantic Trade and Investment Partnership and Trade In Services Agreement, two other deals being negotiated in secret.

The U.S. Congress’ difficulties in passing “fast-track” authority has thrown a roadblock in the path of the Trans-Pacific Partnership, but by no means has this most audacious corporate power grab been defeated. The latest leak of TPP text, the annex on pharmaceutical products and medical devices published by WikiLeaks earlier this month, makes clear that the U.S. pharmaceutical industry is taking aim at health care…

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Posted June 26, 2015 by Gaia Will Prevail in Uncategorized

The destruction of Jamaica’s economy through austerity   Leave a comment

Systemic Disorder

A small country immiserates itself under orders of international lenders; unemployment and poverty rise, the debt burden increases and investment is starved in favor of paying interest on loans. If this sounds familiar, it is, but the country here is Jamaica.

So disastrous has austerity been for Jamaica that its per capita gross domestic product is lower than it was 20 years ago, the worst performance of any country in the Western Hemisphere. In just three years, from the end of 2011 to the end of 2014, real wages have fallen 17 percent and are expected to fall further in 2015, according to the country’s central bank, the Bank of Jamaica.

Such is the magic of austerity, or “structural adjustment programs,” to use the official euphemism of the International Monetary Fund and World Bank.

A new paper from the Center for Economic and Policy Research, “Partners in Austerity: Jamaica…

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Posted June 14, 2015 by Gaia Will Prevail in Uncategorized

Fossil fuel subsidies total trillions of dollars per year   Leave a comment

Systemic Disorder

Most of the cost of fossil fuels is hidden because environmental harms such as pollution and global warming are kept outside ordinary economic calculation. Energy companies externalize these costs (among others) — that is, they don’t pay them. The public does.

And we do, to a remarkable extent. When we think of corporate subsidies, we naturally think of taxes not paid, real estate giveaways and other ways of taking money from the public and shoveling it into corporate coffers. Then there are the environmental costs, something prominent if we are talking about fossil fuels. These, too, should be thought of as subsidies since these constitute costs paid by the public. A first attempt at seriously quantifying the magnitude of the totality of subsidies given to fossil fuels leads to a conclusion that the total for 2014 was US$5.6 trillion, a total expected to be matched in 2015.

Yes, you read…

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Posted May 29, 2015 by Gaia Will Prevail in Uncategorized

The ‘medicine’ of the Trans-Pacific Partnership as bitter as ever   Leave a comment

Systemic Disorder

The Trans-Pacific Partnership is as dangerous as ever. Denying access to medicines, increased surveillance of Internet usage and mandatory patents at the behest of multi-national corporations are some of the corporate goodies stashed in the TPP’s intellectual property chapter, revealed by WikiLeaks this month. Journalism could even be criminalized.

The more we know about the TPP, the worse it gets, which is why the governments of the 12 countries involved, led by the Obama administration, continue to negotiate in unprecedented secrecy. The latest text of the TPP’s intellectual property chapter shows very little change from an earlier draft also published by WikiLeaks. In a press release accompanying this month’s publication of the revised text, WikiLeaks says:

“[T]here are significant industry-favouring additions within the areas of pharmaceuticals and patents. These additions are likely to affect access to important medicines such as cancer drugs and will also weaken the requirements needed to…

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Posted November 2, 2014 by Gaia Will Prevail in Uncategorized

Paradise Lost and Future Pending   Leave a comment

Collapse of Industrial Civilization

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The following video message is from Dr. Erik Pianka, an esteemed American biologist, one of the world’s most accomplished field ecologists, and author of the classic 1983 book Evolutionary Ecology. This video was made roughly four years ago. Not much has changed in the interim other than everything getting progressively worse —more people, more cars, more garbage landfills, more greenhouse gas emissions, more ocean acidification, more extinctions, etc…

To save the habitability of the Earth, many enlightened environmentalists and thinkers have proposed a radical but simple solution which calls for a reconfiguration of modern society into a much lower energy-intensive way of life with food production localized and resources socialized —just the opposite of what is now happening in our no-holds-barred global capitalist system. However, the time for a transition was decades ago before we had gone so far into overshoot that world powers are now scrambling to lay claim…

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Posted October 30, 2014 by Gaia Will Prevail in Uncategorized

The Systemic Roots of a Global Pandemic   Leave a comment

The Gaia Theory

Collapse of Industrial Civilization

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Over the ages, a number of empires have exploited and looted the resource-rich lands of Africa. At its height, the Roman Empire stretched from Scotland in the northern hemisphere to the deserts of Africa in the south. The Romans stripped their North African territory of its trees, making it their breadbasket of grain production. Originating in central Africa, malaria was likely spread to the center of the Roman Empire on their cargo ships. Passengers on their boats could have carried malaria in their bloodstream before becoming symptomatic, and water barrels on board could have harbored mosquito larvae. In fact, the DNA work of Dr. Robert Sallares has proven that the most lethal form of malaria helped topple ancient Rome. Fast forwarding to today, the blow-back from industrial agriculture and transnational corporate land grabs in Africa has now reached the shores of the hegemonic American Empire in the form of a deadly tropical disease called Ebola.

The Roman Empire…

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Posted October 29, 2014 by Gaia Will Prevail in Uncategorized