Archive for the ‘economics’ Category

Ukrainian Chaos, Lockheed, NATO Expansion, and Bruce Jackson,

Regarding the expansion of NATO and the chaos in the Ukraine, my mind went back to the efforts of Lockheed and Bruce Jackson, which was widely reported during the expansion.  Here is a nice example:

Hartung, William D. 2003. How Much Are You Making on the War, Daddy?: A Quick and Dirty Guide to War Profiteering in the Bush Administration (NY: Thunder’s Mouth Press).
17: William Hartung described Bruce Jackson is “a one-man military-industrial-complex.”  “He has served as director of the U.S. Committee to Expand NATO during the run-up to the 1998 U.S. Senate vote to ratify the inclusion of Poland, Hungary, and the Czech Republic in the alliance.  He has also served on the boards of the Project for the New American Century, a neo-con “dream team” that was founded with the backing of such Bush administration luminaries as Donald Rumsfeld, Paul Wolfowitz, Richard Perle, and Elliot Abrams, and of the Center for Security Policy, the pro-missile defense advocacy organization run by the ubiquitous gadfly, Frank Gaffney.”

Ukrainian Chaos, NATO Expansion, Lockheed, and Bruce Jackson

Regarding the expansion of NATO and the chaos in the Ukraine, my mind went back to the efforts of Lockheed and Bruce Jackson, which was widely reported during the expansion.  Here is a nice example:

Hartung, William D. 2003. How Much Are You Making on the War, Daddy?: A Quick and Dirty Guide to War Profiteering in the Bush Administration (NY: Thunder’s Mouth Press).
17: William Hartung described Bruce Jackson is “a one-man military-industrial-complex.”  “He has served as director of the U.S. Committee to Expand NATO during the run-up to the 1998 U.S. Senate vote to ratify the inclusion of Poland, Hungary, and the Czech Republic in the alliance.  He has also served on the boards of the Project for the New American Century, a neo-con “dream team” that was founded with the backing of such Bush administration luminaries as Donald Rumsfeld, Paul Wolfowitz, Richard Perle, and Elliot Abrams, and of the Center for Security Policy, the pro-missile defense advocacy organization run by the ubiquitous gadfly, Frank Gaffney.”

A new take on the gold standard?

Originally posted on unsettling economics:

Keynes, in his Treatise on Money, in a footnote at the beginning of Chapter 35, referring to the love of money, as a footnote pointing to the work of the Hungarian psychoanalyst, Sandor Ferenczi, who was famous for his work on that subject. Ferenczi argued that the love of money was a continuation of infants’ fascination with their own feces.

Ferenczi, Sandor. 1914. “The Ontogenesis of Interest in Money.” In Sex in Psycho-Analysis (Contributions to Psycho-Analysis) (NY: Basic Books, 1950): pp. 319-31.

I turns out that Keynes and Ferenczi were up to something.

Devlin, Hannah. 2015. “Gold in faeces is worth millions and could save the environment.” The Guardian (25 March). http://www.theguardian.com/science/2015/mar/23/gold-in-faeces-worth-millions-save-environment.

“Sewage sludge contains traces of gold, silver and platinum at levels that would be seen as commercially viable by traditional prospectors. “The gold we found was at the level of a minimal mineral deposit,” said Kathleen Smith…

View original 5 more words

A new take on the gold standard?

Keynes, in his Treatise on Money, in a footnote at the beginning of Chapter 35, referring to the love of money, as a footnote pointing to the work of the Hungarian psychoanalyst, Sandor Ferenczi, who was famous for his work on that subject. Ferenczi argued that the love of money was a continuation of infants’ fascination with their own feces.

Ferenczi, Sandor. 1914. “The Ontogenesis of Interest in Money.” In Sex in Psycho-Analysis (Contributions to Psycho-Analysis) (NY: Basic Books, 1950): pp. 319-31.

I turns out that Keynes and Ferenczi were up to something.

Devlin, Hannah. 2015. “Gold in faeces is worth millions and could save the environment.” The Guardian (25 March). http://www.theguardian.com/science/2015/mar/23/gold-in-faeces-worth-millions-save-environment.

“Sewage sludge contains traces of gold, silver and platinum at levels that would be seen as commercially viable by traditional prospectors. “The gold we found was at the level of a minimal mineral deposit,” said Kathleen Smith, of the US Geological Survey.”

. “How Economics Bolstered Power by Obscuring it.”

Originally posted on unsettling economics:

Nick Buxton and Madeleine Bélanger Dumontier, eds. State of Power 2015: An Annual Anthology on Global Power and Resistance, eds. (Amsterdam: The Transnational Institute

This is a collection of articles, despite the inclusion of one of my own,  “How Economics Bolstered Power by Obscuring it.”

You can download the book at

file:///D:/TNI_State-of-Power-2015%20(1).pdf

View original

. “How Economics Bolstered Power by Obscuring it.”

Nick Buxton and Madeleine Bélanger Dumontier, eds. State of Power 2015: An Annual Anthology on Global Power and Resistance, eds. (Amsterdam: The Transnational Institute

This is a collection of articles, despite the inclusion of one of my own,  “How Economics Bolstered Power by Obscuring it.”

You can download the book at

file:///D:/TNI_State-of-Power-2015%20(1).pdf

New frontiers in Transparency

Originally posted on unsettling economics:

http://online.wsj.com/articles/buyout-firms-push-pension-funds-to-keep-information-under-wraps-1415142588

We know we live in the world of perverse transparency: governments,
which are effectively shielded from having to provide information have
the right to get intimate information about our lives.  I think this
is supposed to be called transparency.

In the case of pensions, they are woefully underfunded. The only hope
they have of staying afloat while meeting their obligations is to
treat their finance as a form of what is known in the football world
as a series of hail Mary passes in order to gamble on getting
extraordinarily high returns.

The largest pension fund is California’s Public Employees Retirement
System, which recently announced that it would be withdrawing its
investments from hedge funds, but left unsaid that it would continue
investing with private equity operations.

Here we encounter a sad irony. The Mitt Romney campaign increase
public awareness of the damage that private equity does to workers.

View original 98 more words

New frontiers in Transparency

http://online.wsj.com/articles/buyout-firms-push-pension-funds-to-keep-information-under-wraps-1415142588

We know we live in the world of perverse transparency: governments,
which are effectively shielded from having to provide information have
the right to get intimate information about our lives.  I think this
is supposed to be called transparency.

In the case of pensions, they are woefully underfunded. The only hope
they have of staying afloat while meeting their obligations is to
treat their finance as a form of what is known in the football world
as a series of hail Mary passes in order to gamble on getting
extraordinarily high returns.

The largest pension fund is California’s Public Employees Retirement
System, which recently announced that it would be withdrawing its
investments from hedge funds, but left unsaid that it would continue
investing with private equity operations.

Here we encounter a sad irony. The Mitt Romney campaign increase
public awareness of the damage that private equity does to workers.
Workers have good reason to want to know about the fees that their
pensions pay to the private equity operations.  The high fees are a
matter of concern. In addition, recent revelations show that private
equity operations sometimes continue to charge fees from companies
after they have severed their official connections with the company.

People, presumably covered by their pension plan, petitioned the state
of Iowa to learn about the fees private equity charges. Private equity
companies pressure the pension plans not to reveal this information
unless they are willing to be blackballed from investing in private
equity.

The Anarchy of Globalization: Local and Global, Intended and Unintended Consequences

Originally posted on unsettling economics:

I am going to give a keynote lecture for a conference on the local effects of globalization in Turkey

Here are a few early sentences to give a sense of my talk.

GLOBAL

View original

The Anarchy of Globalization: Local and Global, Intended and Unintended Consequences

I am going to give a keynote lecture for a conference on the local effects of globalization in Turkey

Here are a few early sentences to give a sense of my talk.

GLOBAL

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