Economic Populist: Why Is Europe's Economy Imploding?

Burning the Midnight Oil for Economic Populism

(NB. This is a copy and paste of what started as a "blog post". See also the original blog post for some excellent contributions by commentators there)


The European Union is in a world of hurt right now, as economies go. The crises in Greece and elsewhere are becoming famous, and latest confidence surveys from Germany (pdf) suggest Germany is risking recession.

The problem? The system was built broken, based on unfounded fantasies about how real world economies actually work. Or, as John Maynard Keynes said nearly a century ago:

“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.”

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You're Doing It Wrong!

This is the first edition of a new weekly series titled "You're Doing It Wrong" wherein I step up on my soapbox and rant a little about the media, the powers that be, and the stuff they get wrong or frame wrong. Essentially, this is gonna be the stuff that I yell at my TV whenever I watch the news or the various talking head shows.

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Thursday Evening Open Thread

Some funnies for you this evening:

Must be working for CNN or Faux:

I have a soft spot for The Onion!

Am trying some formatting things right now to try to get the second video to go below the fold.

A couple more vids for your enjoyment below the fold!

The fold.

Ok. Really. This is the fold.

Oh for cryin' out loud! Fold already!

My gawd in heaven!

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Voices on the Square: We Care About People and Principles Not Just Politicians

Welcome to Voices on the Square. This place is the place where it's Ok to care about something other than 2012 election race. There are many issues that matter; LIBOR manipulation(the rate of interest banks charge to borrow from each other as the benchmark to all loans) manipulating every global interest rate on ever loan, mortgage, or contract there is by the banking elite involved with this global financial malaise of Barclays, or perhaps boldy pointing out that Obamacare is not really enough actual health care and a massive giveaway to the insurance industry.

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Argentina's President Kirchner shows how it is done

Christina Fernandez de Kirchner is president of Argentina. On Monday she celebrated the new Argentinian law which set a new precedent in equality for transgender people by personally handing out some new ID cards to about a half dozen transpeople who were invited to join her public acknowledgement of the new law.

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Dread

I felt the crows before I saw them,
a distant cloud. I could hear them
like a storm descending, and they chilled me to the bone
as they poured from the dark forest.

They are shouting so loud, I am smothered by fear.

I smell the smoke before I see it,
a rolling beast. I watch it
run before the flames as they eat and dance and fuck and scream
and erupt from the glowing forest.

And I realize the fear the crows shared with me was a gift.

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Bye bye, The American Dream

A long, long time ago
I can still remember how
This country used to make me smile

And I knew if I worked hard
I could have my own backyard
And maybe I’d be happy for a while.

But the Oligarchy made me shiver
With all the mayhem they delivered
Bad news every morning
We all ignored the warnings

I can’t remember if I cried
When I realized a million died
But something touched me deep inside
The day democracy died.

So

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Imagine Life Differently ... An Independence Day Resolution for us (U.S.) all

Global Warming ... Peak Oil ... Financial meltdown ... these all threaten our future prospects, our ability to see a positive future reality for ourselves and descendents.

George Herbert Walker Bush lies at the core of a driving motivation in my life.

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