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Showing posts with the label free market

Pro-Brexit capitalists desperately seek a suitable Thatcherite zombie to govern Britain

by system failure   We can almost certainly conclude that the removal of Boris Johnson from the position of the UK prime minister came as a result of a counter-attack of the liberal globalist faction against the pro-Brexit faction in the capitalist civil war .   And it is almost certain that the utterly grotesque political figure of Liz Truss was a far more easy target for the anti-Brexit liberal capitalists. It took them only 45 days to overthrow her, making her the shortest serving Prime Minister of the United Kingdom. Liberal capitalists proved that Truss-type politicians are a 'piece of cake' for them, especially when they decide to mobilize the global markets and their agents inside the Tories.   As George Monbiot reveals , Truss' policies shaped by lobby groups like the Institute of Economic Affairs, the TaxPayers' Alliance and the Adam Smith Institute. It seems that these are some key groups behind BrexitCentral website. And together, they form a network of rig

August 12, 2020: The day capitalism officially died and replaced by something even worse

globinfo freexchange   It was the 12th of August, 2020. Nine o'clock in the morning, in London, the news came out that the national income of Britain (GDP) had fallen by more than 20% . That had never happened before in the history of capitalism - British GDP falling by 21% or so in one year. It was not anticipated. The markets were expecting a fall of 8,9,10%. No one was expecting a 21% fall. Fifteen or sixteen minutes later, the London stock exchange went up by 3% . There can be no explanation of that along the lines of capitalism.     This is how the Greek economist, Yanis Varoufakis, described essentially the official death of capitalism and its replacement by something even worse. The thing he calls "technofeudalism". While Varoufakis in various discussions struggles to explain why capitalism is already dead, it's rather funny that people still willing to debate on something that's already dead (capitalism) against something that's far from being practi

Fifty years from Nixon's shock: The moment the gates of hell opened to release neoliberalism and financial capitalism

globinfo freexchange   Half century passed from Richard Nixon's economic reform. The "Nixon shock" included " the unilateral cancellation of the direct international convertibility of the United States dollar to gold. Although Nixon's actions did not formally abolish the existing Bretton Woods system of international financial exchange, the suspension of one of its key components effectively rendered the Bretton Woods system inoperative. While Nixon publicly stated his intention to resume direct convertibility of the dollar after reforms to the Bretton Woods system had been implemented, all attempts at reform proved unsuccessful. By 1973, the Bretton Woods system was replaced de facto by the current regime based on freely floating fiat currencies. "   And so, one of the worst presidents in the history of the United States opened the door to the domination of financial capitalism and the correlated destructive neoliberalism.    Two years after Nixon's s

WikiLeaks reveals what else is behind US imperialists' obsessive hostility against China

The WIKILEAKS Public Library of US Diplomacy (PlusD) holds the world's largest searchable collection of United States confidential, or formerly confidential, diplomatic communications. As of April 8, 2013 it holds 2 million records comprising approximately 1 billion words. The collection covers US involvements in, and diplomatic or intelligence reporting on, every country on earth. It is the single most significant body of geopolitical material ever published. The PlusD collection, built and curated by WikiLeaks, is updated from a variety of sources, including leaks, documents released under the Freedom of Information Act (FOIA) and documents released by the US State Department systematic declassification review.      globinfo freexchange An August 10, 2009 cable from the  US Embassy in Canberra, Australia, reveals the serious concerns of the US officials for the absolute dominance of China in the rare earths global market, which involves materials critical for modern technologie

"The prices are going up quickly": Bulgarian PM reveals huge scandal around the negotiations between EU and Pfizer for the price of the COVID-19 vaccine

globinfo freexchange   It should be a big headline in every major media outlet. Yet, in the era of corporate feudalism (where the mainstream media are bought by big corporations), this story has passed almost unnoticed, despite the fact that it has been brought to light by a Prime Minister of a European country.   Almost buried in a "corner" of the Reuters website, the short report reveals that according to the Bulgarian PM Boyko Borissov, the EU is about to make a new deal with Pfizer-BioNTech for additional doses of the COVID-19 vaccine, at a significantly increased price:   The bloc is seeking the new supply deal with the two companies for up to 1.8 billion vaccines, of which is 900 million optional, to be delivered in 2022 and 2023, Reuters reported on Friday. Borissov, speaking on Sunday, said the EU was negotiating the new contract at a price of 19.5 euros ($23.22) per dose. “The prices are going up quickly,” Borissov said during a trip to a village in southern Bulga