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The Framed Maelstrom

Ron Paul - “Governments aren’t suppose to run the economy, people are suppose to run the economy.”

Paul Krugman - “I’m a believer in capitalism.”

It was Paul versus Paul on inflation, government spending and the role of the FED on Bloomberg TV ealier today.


This is the video where Paul Krugman makes Ron Paul look like the lunatic he is.

(via crucifixi)

Former World Bank Chief Economist, Winner, 2001 Nobel Prize Winner for Economics; Author, Freefall

In conversation with Andrew Leonard, Senior Technology and Business Writer, Salon

Stiglitz argues that America exported bad economics, bad policies and bad behavior to the rest of the world. Stiglitz outlines a way forward building on ideas that he has championed his entire career: restoring the balance between markets and government; addressing the inequalities of the global financial system; and demanding more good ideas (and less ideology) from economists.

What is the role of the U.S. in the disposition of the world’s economic and environmental resources? How are financial markets best defended from economic shock? Does liberalization ensure prosperity?

Journalist Naomi Klein speaks with economists Joseph Stiglitz and Hernando de Soto in a conversation moderated by David Harvey, Distinguished Professor of Anthropology at the Graduate Center - City University of New York (CUNY)

It is through this neocolonialism at the urban scale that we see, utterly exposed, the political nature of economic practice. Corporations compete for spatial monopolies through reconfigured property arrangements, both with and without the help of the state, with purportedly fundamental liberal rights trampled on in the process.

—Unknown

sterwood:

maozedongisnotcool:

andrewfm:

Here are three maps depicting the “Advertising and Street Trade Restrictions venue restriction zone” to be set up in London during the 2012 Olympic Games. From Kosmograd:

Within this area… no advertising for brands designated as competing with those of the official Olympic sponsors will be allowed. This will be supported by preventing spectators from wearing clothing prominently displaying competing brands, or from entering the exclusion zone with unofficial snack and beverage choices. Within the Zone, the world’s biggest McDonald’s will be the only branded food outlet, and Visa will be the only payment card accepted.

The increased presence of the security state in England here dovetails with business influence to carve out a new corporate geography for the purposes of marketing. This spatial strategy is a neoliberal twist on the historic creation of colonial states administrated by businesses (consider the historic case of Rhodesia). Of course, police measures designed to restrict one form of personal expression can also just as easily restrict others, so it would hardly be surprising to see anti-corporate clothing forbidden in a similar manner to wearing the wrong brand’s clothing. Nevertheless, it seems to be an ironic twist that wearing corporate, rather than political, imagery and messaging is the expressly forbidden and subversive act within these exclusion zones.

It is through this neocolonialism at the urban scale that we see, utterly exposed, the political nature of economic practice. Corporations compete for spatial monopolies through reconfigured property arrangements, both with and without the help of the state, with purportedly fundamental liberal rights trampled on in the process.

This is some deranged shit.

^ What she said.

(Source: dilke, via black-leather)

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