capitalism
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Zimbabwe leads the world
Written By: - Date published: 2:00 pm, April 24th, 2009 - 38 comments
It seems that Zimbabwe is, after all, a world leader. Mugabe’s government which followed the IMF and World Bank’s neo liberal plan for their economy to the letter, has shown us all how these policies will finish up. The austerity medicine prescribed for Zimbabwe by the world Bank, Included oppressive and harsh debt repayment, and massive […]
Capitalism losing its allure
Written By: - Date published: 9:09 am, April 13th, 2009 - 36 comments
The capitalist doctrine sure has taken a beating lately. Not only have its raw excesses created a global crash which shows no signs of abating, not only has it been bailed out and propped up everywhere by nationalisation and trillion dollar taxpayer funded handouts, but now it seems that the people are starting to lose […]
Gordon Campbell states the obvious
Written By: - Date published: 2:21 pm, March 8th, 2009 - 26 comments
Gordon Campbell has been having fun pointing the finger at Treasury in “How Treasury put us on the hook to finance companies“. Essentially the treasury and therefore Bill English appear to have been somewhat idiotic. If a firm stopped taking deposits last September, and was heavily exposed in the current economic climate to a major […]
“We are all socialists now”
Written By: - Date published: 12:09 pm, February 17th, 2009 - 21 comments
“We are all socialists now”, or so says the cover of the latest Newsweek. And to be fair, you’ve got to start wondering when the United States is in the process of nationalising the means of exchange and a Tory Prime Minister of New Zealand is looking at effectively buying out a chunk of one […]
Debt
Written By: - Date published: 9:19 am, December 27th, 2008 - 11 comments
A couple of good but not quite satisfying articles today. The first is Brian Gaynor’s analysis of the economy in which he lays out where we stand financially as a nation and blames the housing boom for our current account deficit: But the message from both the GDP and current account figures is that New […]
The Big Three
Written By: - Date published: 11:41 pm, December 18th, 2008 - 4 comments
I was listening to some of the old White Stripes when I got home this evening when this song came on. Given the all the talk around the bailout of the Big Three car manufacturers I figured it was kind of appropriate. Enjoy.
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