Scotland's Referendum: Some lessons for Quebec … and Canada

Published on The Bullet, Socialist Project’s E-Bulletin no. 1043, by Richard Fidler, Oct 3, 2014.

Superficially, the 55-45 victory of the No forces in Scotland’s referendum September 18 was a clear rejection of independence. The Yes forces won a majority only in the four poorest and most deprived of the nation’s 32 local divisions, although a class breakdown of the vote would show a majority of the working-class voted for independence.   Continuer la lecture de « Scotland's Referendum: Some lessons for Quebec … and Canada »

emerging economies: arrested development

Published on The Economist, Oct 4, 2014: The model of development through industrialisation is on its way out.

THIRTY-FIVE YEARS ago Shenzhen was a tiny fishing village just over the river from British Hong Kong. Its inhabitants, like most Chinese, lived in poverty. In 1978 the average income in America was about 21 times that in China. But in 1979 China’s leader, Deng Xiaoping, chose Shenzhen as the country’s first special economic zone, free to experiment with market activity and trade with the outside world. Shenzhen quickly found itself at the leading edge of Chinese economic development, using the same model as Japan, South Korea and Hong Kong itself had done at earlier stages.   Continuer la lecture de « emerging economies: arrested development »

… Europe Is Crumbling Into Collapse

Published on naked capitalism, by Yves Smith, Oct 2, 2014.

… Yves here. The word “collapse” may seem overwrought when applied to Europe, but cold-blooded, clear eyed colleagues who have good connections and have spent a bit of time there recently say things that are broadly similar to Ilargi’s take. Despite the conventional wisdom that the cost of a Eurozone breakup is catastrophically and thus will never take place, that confidence may prove to be the currency union’s undoing. Ideological rigidity about austerity is leading to policies that are crushing large swathes of the population. And Europe, unlike the US, had enough of a tradition of popular revolt that that uprisings, either on the street or in the ballot box, are real possibilities, as the sudden rise of the anti-EU right shows.   Continuer la lecture de « … Europe Is Crumbling Into Collapse »

Fed Whistleblower Carmen Segarra, Snowden, and the Closing of the Journalistic Mind

Published on naked capitalism, by Yves Smith, Sept 29, 2014;

… Now you might say, isn’t this media firestorm a great thing? It’s roused Elizabeth Warren and Sherrod Brown to demand hearing. The Fed has been toadying up to Wall Street for years. Shouldn’t we be pleased that the problem is finally being taken seriously?   Continuer la lecture de « Fed Whistleblower Carmen Segarra, Snowden, and the Closing of the Journalistic Mind »