Monthly Archives: December 2011

Chomsky’s Observations

At least three nice insights by Noam Chomsky: first, the elites organized in state power and corporate power work in tandem most of the time, but sometimes diverge in interests when it comes to implementing foreign policy. Second, he points … Continue reading

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Mandeville on the Education of the Poor

The political philosopher and political economist Bernard Mandeville (1670-1733) wrote in his work “The Fable of the Bees” that public education is harmful, because it increases the material demands of the poor, making the hierarchichal organization of society infinitely more … Continue reading

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Workers Are Screwed – Updates From The Bureau of Labor Statistics

I gathered three different data from the Bureau of Labor Statistics that could be useful to look at. First is the consumer price index, which tells us the rate of inflation, i.e. the proportion at which the cost of living … Continue reading

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Comments on the European Financial Crisis

Europe is facing a near-terminal monetary and economic crisis with very little hope of regaining growth or stability. Capital has been finding little room to expand other than through what Ben Bernanke called ‘global integration’, which is a fancy term … Continue reading

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