A Financial Casino Would Be a Step Up From What We Have

Published on naked capitalism, by Yves Smith, August 10, 2014.

This is a terrific and very accessible interview with Boston College professor Ed Kane, who is a long-standing critic of the failure to rein in financial firms that feed at the taxpayer trough. At one point in the talk, Kane and his interviewer Marshall Auerback discuss how casinos are well aware of the fact that the house can lose and they monitor gamblers intensively to make sure that no one is engaging is sleight of hand. Thus if we treated our banking system like the financial casino that it has become, we’d be much better off than we are now. Continuer la lecture de « A Financial Casino Would Be a Step Up From What We Have »

Gluttons of Information: The Metadata Confusion in Oz

Published on Dissident Voice, by Binoy Kampmark, August 8, 2014.

It is sometimes hard to know whether those in power adopt a policy of confusion purposely, or through grand design. When it comes to the flawed policy of data retention on a mass scale, a burden that is bound to fall on telecommunications companies, the problem is most acute of all. What is to be kept? What falls within that broad term metadata? Continuer la lecture de « Gluttons of Information: The Metadata Confusion in Oz »

Pushing LBJ Into War: Robert S. McNamara and the Real Tonkin Gulf Deception

Published on Counterpunch, by GARETH PORTER, Aug 5, 2014.

For most of the last five decades, it has been assumed that the Tonkin Gulf incident was a deception by Lyndon Johnson to justify war in Vietnam. But the U.S. bombing of North Vietnam on August 4, 1964 in retaliation for an alleged naval attack that never happened — and the Tonkin Gulf Resolution that followed was not a move by LBJ to get the American people to support a U.S. war in Vietnam.   Continuer la lecture de « Pushing LBJ Into War: Robert S. McNamara and the Real Tonkin Gulf Deception »

Why National Security Has Nothing to Do With Security

Published on TomDispatch, by Noam Chomsky, August 5, 2014.

… On August 7, 1945, a previous age was ending and a new one was dawning. In the nuclear era, city-busting weapons would be a dime a dozen and would spread from the superpowers to many other countries, including Great Britain, China, India, Pakistan, North Korea, and Israel. Targeted by the planet’s major nuclear arsenals would be the civilian inhabitants not just of single cities but of scores and scores of cities, even of the planet itself. On August 6th, 70 years ago, the possibility of the apocalypse passed out of the hands of God or the gods and into human hands, which meant a new kind of history had begun whose endpoint is unknowable, though we do know that even a “modest” exchange of nuclear weapons between India and Pakistan would not only devastate South Asia, but thanks to the phenomenon of nuclear winter also cause widespread famine on a planetary scale.   Continuer la lecture de « Why National Security Has Nothing to Do With Security »

Sick of this market-driven world? You should be

The self-serving con of neoliberalism s that it has eroded the human values the MARKET was supposed to emancipate – Published on The Guardian, by George Monbiot, Aug 5, 2014.

To be at peace with a troubled world: this is not a reasonable aim. It can be achieved only through a disavowal of what surrounds you. To be at peace with yourself within a troubled world: that, by contrast, is an honourable aspiration. This column is for those who feel at odds with life. It calls on you not to be ashamed.

I was prompted to write it by a remarkable book, just published in English, by a Belgian professor of psychoanalysis, Paul Verhaeghe.   Continuer la lecture de « Sick of this market-driven world? You should be »