Conclusions to the trials of both George Pell and Bruce Lehrmann have increased the public's distrust in our legal system. read now...Possible repercussions of economic crisis on the stability of democracies that already show significant signs of fragility
There is a reasonable likelihood that the next global economic crisis could threaten the future of our democratic political systems. The global economic system is a complex, adaptive system, like many others in nature and in society, and shares their basic characteristics. Underlying stresses can result in crises which, moreover, can feed through to destabilize other systems. There is a growing understanding of the damage that can be done to the economy by health pandemics and environmental degradation. In contrast, this new INET Working Paper focuses on interactions working in the opposite direction: more specifically the possible repercussions of economic crisis on the stability of democracies already showing significant signs of fragility.
The principal threat to economic stability currently is the overhang of debt, both private and public.
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The New Silk Roads, or BRI, as well as the integration efforts of BRICS+, the SCO and the EAEU will be on the forefront of Chinese policy.Strategic Culture Foundation (sanctioned by the US Treasury Department)
Total US arms transfers for fiscal 2022 topped $50 billion, up nearly 50 percent from prior year.
"Winning bigly." MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex), that is.
Breaking DefenseBoston University economics professor Perry Mehrling discusses his recently released INET book, in collaboration with Cambridge University Press, "Money and Empire," which chronicles the life of Charles P. Kindleberger and how he helped shape the emerging global dollar system
Rob Johnson:
If only there was not cause, thought the man, for the boy to accompany him here. To this place of commerce. But as the woman reminded him two hours prior, when she dropped off the boy in her Chevy Silverado, it was his weekend.
The man grasped the boy’s hand tightly as they made their way across the asphalt expanse of the parking lot. Their breath spiraled from their lips like plumes of smoke. Ghosts of a burned encampment. The frost had come early this year.
Mind your haste, said the man. He felt the boy’s hand quivering within his own like a hare on the verge of bolting into the brush. The man did not wish to crush the spirit of the boy. But the Crossing was treacherous.
They stopped at the bonewhite lattice of the crosswalk, vigilant for the halogen eyes of oncoming vehicles.
Where do we look?
Both ways, said the boy.
Which ways?
Right and left.
Good, said the man. Right and left. Never back. No good comes of that.
2023 looks set to bring most of the world into recession, and the UK is expected to be hit particularly hard. At the global level, the biggest risk is a massive cost of living crisis, driven by the uneven recovery from the pandemic and a host of supply chain issues that still haven’t worked themselves […]
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First told to an 8-year-old who pretended not to laugh.