Worth A Look: From Slavery to Cooperative Commonwealth

03 Economy, 11 Society
Amazon Page
Amazon Page

This book reconstructs how a group of nineteenth-century labor reformers appropriated and radicalized the republican tradition. These ‘labor republicans' derived their definition of freedom from a long tradition of political theory dating back to the classical republics. In this tradition, to be free is to be independent of anyone else's will – to be dependent is to be a slave. Borrowing these ideas, labor republicans argued that wage laborers were unfree because of their abject dependence on their employers. Workers in a cooperative, on the other hand, were considered free because they equally and collectively controlled their work. Although these labor republicans are relatively unknown, this book details their unique, contemporary, and valuable perspective on both American history and the organization of the economy.

Tip of the Hat to Jean Lievens.

Robert Steele: Visa & MasterCard Begin Moral Policing — Time to Shut Them Down

03 Economy, 11 Society
Robert David Steele Vivas
Robert David Steele Vivas

From PayPal to Amazon to Visa & MasterCard, we now know that it is time to end our reliance on intermediaries. This moral policing by Visa and MasterCard is horribly ignorant, wrong, and should be a basis for public boycott of both of these card services — what's next: not letting you use payment cards to buy organic food because Monsanto says that is wrong? The hubris of Visa and MasterCard on this matter is deeply troubling.

Backpage Accepts Bitcoin as Visa, MasterCard Set Embargos

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Sepp Hasslberger: Peer Review Does Not Work

03 Economy, 04 Education, Academia, Civil Society, Collective Intelligence
Sepp Hasslberger
Sepp Hasslberger

Peer review, instead of helping science stay on track, is actually retarding real progress.

The peer review drugs don’t work

EXTRACT

Peer review is anti-innovatory because it is a process that depends on approval by exponents of the current orthodoxy.   . . .   Perhaps the biggest argument against the peer review of completed studies is that it simply isn’t needed. With the World Wide Web everything can be published, and the world can decide what’s important and what isn’t. This proposition strikes terror into many hearts, but with so much poor-quality science published what do we have to lose?

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Sepp Hasslberger: Russia – Japan Unite on Payment Cards – Sanctions Backfiring

03 Economy
Sepp Hasslberger
Sepp Hasslberger

Financial pressure (the sanctions imposed by Western nations) seems to be backfiring…

Russian national payment system and Japan’s JCB to issue co-badged cards

EXTRACT

“The partnership with the Japanese payment system will provide Mir-JCB bank cards access to the infrastructure of JCB worldwide, including Asia, where JCB has traditionally been strong and had wide network of card acceptance. Co-badging the Mir-JCB card will work in the infrastructure of the Mir payment system as a Mir bank card; in the JCB infrastructure, outside of Russia, as a JCB card”, said the statement published Tuesday.

JCB in turn will significantly strengthen its position in the Russian market and its worldwide business, added NPCS.

Berto Jongman: Legalized Financial Crime — LIBOR & Foreign Exchange Manipulation by City of London and Wall Street Excused By US & UK “Authorities”

03 Economy, 07 Other Atrocities, 10 Transnational Crime, Commerce, Commercial Intelligence, Corruption, Government
Berto Jongman
Berto Jongman

History's Largest Financial Crime that the WSJ and NYT Would Like You to Forget

To review the bidding, the LIBOR bid rigging cartel was the largest cartel in history, manipulating the prices of an estimated $300+ trillion in assets. That is a figure considerably larger than the world's combined GDP. … Until recently, I called the LIBOR cartels the largest in history by at least three orders of magnitude. The rigging of foreign exchange (FX) “markets,” however, is so large that that I now have to say that they represent the two largest cartels in history by roughly three orders of magnitude. Both cartels consisted of most of the world's largest and most elite banks.

Ellen Brown: A Franciscan Alternative: the People’s Pope and a People’s Bank?

03 Economy, Cultural Intelligence, Earth Intelligence, Ethics, Peace Intelligence
Ellen Brown
Ellen Brown

A Franciscan Alternative: the People’s Pope and a People’s Bank?

EXTRACT

Pope Francis’ June 2015 encyclical is called “Praised Be,” a title based on an ancient song attributed to St. Francis. Most papal encyclicals are addressed only to Roman Catholics, but this one is addressed to the world. And while its main focus is considered to be climate change, its 184 pages cover much more than that. Among other sweeping reforms, it calls for a radical overhaul of the banking system.

Sepp Hasslberger: Why the Euro is Finished

03 Economy, 08 Wild Cards
Sepp Hasslberger
Sepp Hasslberger

Provocative piece on the Euro financial powers and the smaller countries that can't survive under the Euro straitjacket … Greece is only the first one to fall.

This Is Why The Euro Is Finished

It’s simple, the euro is finished. It won’t survive the unmitigated scandal that Greece has become. Greece is not the victim of its own profligacy, it’s the victim of a structure that makes it possible to unload the losses of the big countries’ failing financial systems onto the shoulders of the smaller. There’s no way Greece could win.

. . . . . . .

This currency that Greece is fighting so hard to be part of is in fact strangling it. The reason for this lies in the structure of the EMU. Which makes it impossible for individual countries to adapt to changing circumstances.

noble gold