Taking notes 54: Who owns the Federal Reserve Bank and why is it shrouded in myths and mysteries?

by Ismael Hossein-zadeh
The Federal Reserve Bank is shrouded in a number of myths and mysteries. These include its name, its ownership, and its presumed commitment to market stability, economic growth and public interest. Continue reading Taking notes 54: Who owns the Federal Reserve Bank and why is it shrouded in myths and mysteries?

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Totalitarian Paranoia in the Post-Orwellian Surveillance State

by Henry A. Giroux Surveillance, in any land where it is ubiquitous and inescapable, generates distrust and divisions among its citizens, curbs their readiness to speak freely to each other, and diminishes their willingness to even dare to think freely. — Ariel Dorfman The revelations of whistle-blowers such as Chelsea Manning, Jeremy Hammond and Edward Snowden about government lawlessness and corporate spying provide a new meaning if not a revitalized urgency and relevance to George Orwell’s dystopian fable 1984. Orwell offered his readers an image of the modern state that had become dystopian — one in which privacy as a civil … Continue reading Totalitarian Paranoia in the Post-Orwellian Surveillance State

Takeover

by Steven Miller Capitalism in the 21st Century is no longer based largely on profits resulting from a real economy productive process, windfall financial gains are acquired through large scale speculative operations, without the occurrence of real economy activity, at the touch of a mouse button. — Michel Chussodovsky There are decisive moments in the history of capitalism when one form of wealth, one kind of property, becomes the most lucrative. The capitalists that control this property often become the dominant sector of the capitalist class and take control of the state, dictating policy to society. Marx writes, “The executive … Continue reading Takeover

Feudalism, capitalism and corporatism: How the corporation is changing the world

by Jeffrey Harrod Write about my vision of a “post-capitalist world,” I was requested. But I find this difficult. Difficult because I believe we are already in, or nearing, a post-capitalist world if by capitalism is meant the system described by Marx and his followers about 150 years ago.  In this essay I raise the possibility for future discussion and action that there is an ongoing attempt to create a system for the maintenance of privilege and the production of poverty which is so different from the past that a new name should be found for it. Because a key … Continue reading Feudalism, capitalism and corporatism: How the corporation is changing the world

Taking notes 30: Privatizing the brain

by Steven Miller President Obama announced the next step in research of the human brain. This is the BRAIN Initiative – Brain Research through Advanced Neurotechnologies. The US government will finance research into the next generation of technology to map the human brain with $100 million in seed money. The next step is to develop new electrical, optical, computer-assisted technology to investigate how the brain works at the level of neurons to determine how they work and how they link up in neural networks. The current level of brain research is already pretty amazing. Without invading the skull, scientists can … Continue reading Taking notes 30: Privatizing the brain

The politics of disimagination and the pathologies of power

by Henry A. Giroux You write in order to change the world knowing perfectly well that you probably can’t, but also knowing that [writing] is indispensable to the world. The world changes according to the way people see it, and if you alter even by a millimeter the way people look at reality, then you can change it.  – James Baldwin The Violence of Neoliberalism We live in a time of deep foreboding, one that haunts any discourse about justice, democracy, and the future. Not only have the points of reference that provided a sense of certainty and collective hope … Continue reading The politics of disimagination and the pathologies of power