Clinton, Trump, the Obama Administration, and the media—all are guilty of obfuscation, deceit, and dishonesty.
Professor Allan H. Meltzer: He is an American Economist and the Allan H. Meltzer professor of Political Economy at Carnegie Mellon University’s Tepper School of Business. He is the author of a large number of academic papers and books on monetary policy and the Federal Resrve Bank. Dr. Meltzer’s two volume books, “A History of the Federal Reserve”, are considered the most comprehensive history of the central bank. He is considered one of the world’s foremost experts on the development and application of monetary policy. Currently he is also President of the Mont Pelerin Society. Dr. Meltzer originated the aphorism “Capitalism without failure is like religion without sin. It doesn’t work.”
Prof. Meltzer is a Distinguished Visiting Fellow at the Hoover Institution. This article is from his monthly column on Defining Ideas at the Hoover Institution.
It is posted in http://www.hoover.org/research/
Most of us learn at some point that politicians tell lies. We expect them to stop once they hold office or to face the consequences. In the past, politicians that violated the public trust resigned, most notably President Richard Nixon. Other lesser officials have also been punished for abusing public trust. No longer. In campaigns, and in office, politicians and their aides or supporters deliberately lie about matters of importance.
Ben Rhodes, a National Security Adviser in the Obama administration, bragged recently about the lies officials told to support a major foreign policy decision—the nuclear agreement with Iran. That agreement permits Iran to possess nuclear weapons in about ten years. Rhodes publicly admitted that the Obama administration claimed that the new Iranian government was a moderating influence despite the fact that experts at the Central Intelligence Agency warned that the new government in Iran was not moderate. According to Rhodes, that false claim was critical for getting the deal approved by Congress. He and his colleagues suffered no consequence for having lied.
Continue reading Lies Politicians Tell Us
Anatole Kaletsky is Chief Economist and Co-Chairman of Gavekal Dragonomics and Chairman of the Institute for New Economic Thinking. A former columnist at the Times of London, the International New York Times and the Financial Times, he is the author of Capitalism 4.0, The Birth of a New Economy, which anticipated many of the post-crisis transformations of the global economy.
All over the world today, there is a sense of the end of an era, a deep foreboding about the disintegration of previously stable societies. In the immortal lines of W.B. Yeats’s great poem, “The Second Coming”:
“Things fall apart; the center cannot hold
Mere anarchy is loosed upon the world…
The best lack all conviction, while the worst
Are full of passionate intensity…
And what rough beast, its hour come round at last
Slouches towards Bethlehem to be born?”
Yeats’ wrote those lines in January 1919, two months after World War I ended. He instinctively felt that peace would soon give way to even greater horrors.
For the original article published on April 1, 2016 in the Social Europe Journal go to:
Almost 50 years later, in 1967, the American essayist Joan Didion chose Slouching Towards Bethlehem as the title of her collection of essays on the social breakdowns of the late 1960s. In the 12 months following the book’s publication, Martin Luther King, Jr. and Robert Kennedy were assassinated, inner cities across the United States exploded in riots and French student protesters began the rebellion that toppled President Charles de Gaulle a year later.
Continue reading What’s Next For Global Capitalism When Things Fall Apart?
Over the past two centuries or so, capitalism has undergone continual change – economic cycles that lurch from boom to bust – and has always emerged transformed and strengthened. Surveying this turbulent history, journalist and Channel 4 economics news editor Paul Mason wonders whether this time capitalism itself has reached its limits and is changing into something wholly new.
At the heart of this change is information technology: a revolution that has the potential to reshape utterly our familiar notions of work, production and value; and to destroy an economy based on markets and private ownership. Almost unnoticed, in the niches and hollows of the market system, whole swathes of economic life are changing. Goods and services that no longer respond to the dictates of neoliberalism are appearing, from parallel currencies and time banks, to cooperatives and self-managed online spaces. Vast numbers of people are changing their behaviour, discovering new forms of ownership, lending and doing business that are distinct from, and contrary to, the current system of state-backed corporate capitalism.
This talk was organised by and recorded at the RSA.
The orignal article was posted in Social Europe Journal, click on