Economic imbalances and social inequality risk reversing the gains of globalization, warns the World Economic Forum in its report Global Risks 2012. These are the findings of a survey of 469 experts and industry leaders who worry that the world’s institutions are ill-equipped to cope with today’s interconnected, rapidly evolving risks. The findings of the survey fed into an analysis of three major risk cases: Seeds of Dystopia; Unsafe Safeguards and the Dark Side of Connectivity. Report also analyses the top 10 risks in five categories – economic, environmental, geopolitical, societal and technological.
Phi Beta Iota: The report fails to address the absence of both intelligence and integrity among all “institutions” be they public or private. This is the entire point of the global Occupy movement. This is also the entire point of this website, which predates Occupy by some time.
Not many people think of shantytowns, illegal street vendors, and unlicensed roadside hawkers as major economic players. But according to journalist Robert Neuwirth, that’s exactly what they’ve become. In his new book, Stealth of Nations: The Global Rise of the Informal Economy, Neuwirth points out that small, illegal, off-the-books businesses collectively account for trillions of dollars in commerce and employ fully half the world’s workers.
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Further, he says, these enterprises are critical sources of entrepreneurialism, innovation, and self-reliance. And the globe’s gray and black markets have grown during the international recession, adding jobs, increasing sales, and improving the lives of hundreds of millions. It’s time, Neuwirth says, for the developed world to wake up to what those who are working in the shadows of globalization have to offer. We asked him how these tiny enterprises got to be such big business.
Wired: You refer to the untaxed, unlicensed, and unregulated economies of the world as System D. What does that mean?
Robert Neuwirth:There’s a French word for someone who’s self-reliant or ingenious: débrouillard. This got sort of mutated in the postcolonial areas of Africa and the Caribbean to refer to the street economy, which is called l’économie de la débrouillardise—the self-reliance economy, or the DIY economy, if you will. I decided to use this term myself—shortening it to System D—because it’s a less pejorative way of referring to what has traditionally been called the informal economy or black market or even underground economy. I’m basically using the term to refer to all the economic activity that flies under the radar of government. So, unregistered, unregulated, untaxed, but not outright criminal—I don’t include gun-running, drugs, human trafficking, or things like that.
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Wired: Certainly the people who make their living from illegal street stalls don’t see themselves as criminals.
Neuwirth: Not at all. They see themselves as supporting their family, hiring people, and putting their relatives through school—all without any help from the government or aid networks.
Wired: The sheer scale of System D is mind-blowing.
Neuwirth: Yeah. If you think of System D as having a collective GDP, it would be on the order of $10 trillion a year. That’s a very rough calculation, which is almost certainly on the low side. If System D were a country, it would have the second-largest economy on earth, after the United States.
Phi Beta Iota: System D is completely separate from straight forward black crime (organized crime) or white crime (Goldman Sachs et al). What this really means is that governments have lost all legitimacy and two thirds of the global economy now considers governments to be at best a meddling (and costly) nuisance and at worst the enemy to be defeated by any means necessary. Governments brought this on themselves.
Imagine strategic intelligence actually focused on the public interest — precisely what Phi Beta Iota has stood for since its inception. Do NOT give up!
TEDxTEDxIowaCity – Dr. Terry Wahls – Minding Your Mitochondria
Dr. Terry Wahls learned how to properly fuel her body. Using the lessons she learned at the subcellular level, she used diet to cure her MS and get out of her wheelchair.
1) The publisher has been completely dishonest in failing to illuminate the fact that this is a book Of, By, and For Monsanto, the greatest force of evil to ever hit farming.
2) The author (naturally) does not address the total corruption of the US Government and most other governments with respect to all issues, not just food. Corn as fuel, corn as fake sugar, corn as inedible cattle feed that puts cattle feces into spinach, the poisoning of our children and our environment by pesticides and other toxins that substitute poison for intelligence, are not covered.
3) Finally, the author is completely lacking in a systemic approach to all of these matters. Here are the twelve core policies that must be harmonized if they are to be effective: Agriculture, Diplomacy, Economy, Education, Energy, Family, Health, Immigration, Justice, Security, Society, Water. This book is abysmally oblivious–no doubt for the convenience of Monsanto–to the fact that agriculture that is based on fossil fuel consumption, inter-continental transport, poisoning for both growth and packaging; that destroys small farmers and community-related farming; that destroys the health of entire nations; that destroys the chain of life in seed that gives birth to new seed (instead substituting suicidal seeds); and finally, the cost-benefit ratio of water use in relation to all that is grown or raised–none of this is to be found in this book, ergo this is a dishonest, incomplete, rather ignorant book.
From where I sit, the publisher, the publisher has disgraced their brand. Here are ten links to books I recommend instead of this book.
In the Soviet Union common criminals were punished less harshly and received better treatment than political prisoners. A person who had committed a violent crime had more rights than someone who expressed criticism of the government and could be portrayed as having acted against the government. We now have the same situation in the US.
In a recent case the Supreme Court overturned the sentence of a drug dealer who was convicted on the basis of a warrantless 28-day search by having a GPS device affixed to his car. In other words, a common criminal still has privacy rights under the Constitution, but not US citizens who are suspected of vague and nebulous “terrorist support.”
Both Republicans and Democrats have demonstrated disregard for the civil liberty protections guaranteed by the US Constitution. Among the visible candidates for president, only Ron Paul has respect for the Constitution. As it is now possible for the executive branch to take away the life and liberty of a US citizen without due process of law, the Constitution is for all practical purposes lost. Tyranny looms, and Ron Paul is the only candidate who stands against tyranny.
This is why I have written that Ron Paul is our last chance and encouraged his libertarian handlers to be flexible enough for the electorate to elect Ron Paul. I agree that Ron Paul, if elected president, would be hamstrung by the Establishment, but the other candidates offer no hope whatsoever.
By NICHOLAS CONFESSORE, PETER LATTMAN and KEVIN ROOSE
New York Times, January 27, 2012
When Bain Capital sought to raise money in 1989 for a fast-growing office-supply company named Staples, Mitt Romney, Bain’s founder, called upon a trusted business partner: Goldman Sachs, whose bankers led the company’s initial public offering.
When Mr. Romney became governor of Massachusetts, his blind trust gave Goldman much of his wealth to manage, a fortune now estimated to be as much as $250 million.
And as Mr. Romney mounts his second bid for the presidency, Goldman is coming through again: Its employees have contributed at least $367,000 to his campaign, making the firm Mr. Romney’s largest single source of campaign money through the end of September.
No other company is so closely intertwined with Mr. Romney’s public and private lives except Bain itself. And in recent days, Mr. Romney’s ties to Goldman Sachs have lashed another lightning rod to a campaign already fending off withering attacks on his career as a buyout specialist, thrusting the privileges of the Wall Street elite to the forefront of the Republican nominating battle.
Phi Beta Iota: Goldman Sachs is not stupid, just criminally irresponsible. When China and Russia threatened the lives of the Goldman partners, they immediately “made good.” There are three ways to interpret this information: first, that Romney's SuperPACs will have unlimited funding and Obama will be cash-starved and lose; second, that Romney will be so damned by this information as to be made unelectable, throwing the race to Obama; or third, that this is part of the theater leading up to a deadlocked convention from which Jeb Bush emerges as the “surprise” nominee. Any of the three is a loss for the 99%.
Disappointing at Three Levels, January 25, 2012
