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The ‘solution’ master-minded by global finance at COP27 to resolve the imminent environmental crisis: create a multi-quadrillion dollars’ worth of assets on the back of everything nature does and expropriate it from the global commons to make a profit.
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LYNN FRIES: Hello and welcome. I’m Lynn Fries producer of Global Political Economy or GPEnewsdocs. Today’s guest is John Bellamy Foster.
He’ll be talking about the financialization of the earth as a new ecological regime. A regime where the rapid financialization of natureis promoting a Great Expropriation of the global commons and the dispossession of humanity on a scale that exceeds all previous human history. And which is accelerating the destruction of planetary ecosystems and of the earth as a safe home for humanity. All in the name of saving nature by turning it into a market.
New polling research reveals an overwhelming majority of Australians (86%) support a government intervention in the gas industry, either through export controls, a windfall profits tax, or both. Key Findings: An overwhelming majority of Australians (86%) support a government intervention in the gas industry, either through export controls or a windfall profits tax or both.
The post Overwhelming Majority Support for Gov Intervention in Gas Price Crisis: Research appeared first on The Australia Institute.
The post Doctor Who Magazine 584 appeared first on Doctor Who Magazine.
Listen now (25 min) | Deaths in Australia are up 17% in 2022 and are at record highs in many countries. Over 2,600 Australian's have applied for the COVID vaccine compensation scheme. And no one cares...
Bank capital is the buffer on a bank’s balance sheet that allows it to absorb losses, particularly credit losses. Although there is a great deal of excitement about bank liquidity — bank runs, just like in “It’s a Wonderful Life”! — but the main danger is the capital buffer being wiped out (insolvency).
The current tightening of monetary policy is undoubtedly having an impact. While it may take some time for the slowing of inflation to flow through to the official CPI figures - especially given the level of inflation that is being imported - the economy is set to slow drastically.
The post With household incomes set to fall, we need to think about what matters in the economy appeared first on The Australia Institute.
Nov 8, 2022 ROBERT SKIDELSKY and PHILIP PILKINGTON Decades of deindustrialization have hollowed out the UK economy and made it woefully ill-prepared for wartime disruptions. As the financial speculators who funded its current-account deficits turn against the pound, policymakers should consider Keynesian taxes and increasing public investment. LONDON – A wartime economy is inherently a shortage economy: … Continue reading Too Poor for War
While considerable attention has focused on China’s credit boom and the rise of China’s domestic debt levels, another important development in international finance has been growth in China’s lending abroad. In this post, we summarize what is known about the size and scope of China’s external lending, discuss the incentives that drove this lending, and consider some of the challenges these exposures pose for Chinese lenders and foreign borrowers.
Because Twitter threads aren’t working at the moment (thanks Elon!), I’m republishing a chain of tweets about how we should rise to the challenge of democratic collapse. By George Monbiot, published on monbiot.com, 9th November 2022 Here’s where I think we now stand, and how we should respond. A thread. 1. There is a global […]
Some Fed employees enlisted in the armed forces while others helped finance war efforts by working on the sale and delivery of war bonds, and by buying bonds themselves.
Barbara Jankowiak, Natan Misak and Nicholas Vause Both financial market participants and regulators have suggested that investor risk appetite has declined since the beginning of the year. This post presents some evidence from credit markets consistent with such developments, and offers two possible explanations. We build on analysis in an earlier post that looked at … Continue reading Bitesize: The pricing of credit risk
What we are seeing, then, is a fictional spectacle—a pseudo-iconoclastic event.
I’ve written an article about the Bank of England’s recent interest rate hike — which follows similar hikes by other major central banks, most notably the Federal Reserve. In it, I argue that the hikes have nothing to do with bringing down inflation, for the simple fact that the latter has nothing do with excess demand …
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The post A Fit of the Vapours appeared first on The Perry Bible Fellowship.
While self-proclaimed debt expert Dominique Grubisa tells people she can instantly quarantine their assets, the truth is that’s done via deception. read now...Climate is dominating headlines worldwide as COP27, the United Nations annual climate conference, begins in Egypt.
The post Climate policies the Government could deliver at COP27 appeared first on The Australia Institute.
A prominent advertisement published by the Australian Christian Lobby (ACL) in The Mercury today highlights the need for Truth in Political Advertising laws in Tasmania. Key Details: On 9 November 2022, The Mercury published an ad from ACL that said “Plan to criminalise parents who question their children’s wish to change gender? Likely lose government!”
The post Deceptive Political Ad Demonstrates Need for Truth in Political Advertising Laws in Tasmania appeared first on The Australia Institute.
So, let’s start with a joke. A Black nationalist female rabbi, a Black male womanist...
Welcome to a special blog, which centres on one thing! Today the crowdfunder comics company Zoop and I, partnered with Chris Ryall’s company Syzygy, are launching our campaign to fund The Completed Saucer Country, a 440 page luxury softcover (and digital) collection of the entire Saucer Country/Saucer State saga, plus a new ending by myself, ... Read More
Decades of deindustrialization have hollowed out the UK economy and made it woefully ill-prepared for wartime disruptions. As the financial speculators who funded its current-account deficits turn against the pound, policymakers should consider Keynesian taxes and increasing public investment.