New Civilization News - Category: Economics, Financing, Banking    
11 Aug 2008 @ 10:51, by erlefrayne. Economics, Financing, Banking
A bridge has fallen, the Mississipi river flooded Orleans like some pathetic third world city, airports are too cramped up as they are incapable of containing the surge in passenger & cargo levels, the East Coast experienced the emergency shut down due to grid overload (causing massive blackout), railway tracks are thinning out and overall capacity is on downward trend, and more.

They seem to be unrelated, but for economists and sociologists the trends all tell the same story. Pieced up together, they indicate crumbling infrastructures. Not because the structural engineers of America are sloppy, and definitely not that the heavy equipment sector couldn’t provide quality machines to reinforce the burgeoning infrastructure need of the juggernaut US economy.  More >

 Field of Economics, Economic Value and Character of Economic Relationships0 comments
27 May 2008 @ 01:23, by athos. Economics, Financing, Banking
.... the characteristic that defines the field of economics, that tells apart economic from non economic relationships, is not the objective, which is the same for both, but the way, the mode. Economic relationships are those negotiated, measured and regulated in quantitative terms, those where quantity takes priority over quality...  More >

17 May 2008 @ 08:35, by erlefrayne. Economics, Financing, Banking
As already exacerbated in my previous articles, this development expert strongly argues for dirigisme (state intervention). Even in the yogic-mystical terrain, I strongly argue for interventionism in the physical plane, though this paradigm may hold water only here and not necessarily in other dimensions or trans-physical spheres where money economies are absent.

Incidentally, we now have emerging models for dirigist paths to sustainable development. For lack of a better term, the model is simply called ‘social market’. It is an integration of state intervention and market-driven economy. Extremes of socialism and laissez faire have both proved as flops. These extreme forms are beyond salvation and are both being junked today. They have become junkshop models.

Asia is the best laboratory today for the conscious evolution of ‘social markets’. China, Vietnam, and India are the countries to watch. I just hope that the original ASEAN 6 (Philippines, Singapore, Malaysia, Indonesia, Thailand, Brunei) will move towards their respective version of social markets.  More >

 General Traits of Humanity’s Dark Age1 comment
5 May 2008 @ 04:19, by athos. Economics, Financing, Banking

The Dark Age started when a few groups of humans, in the Middle-East and China, began to produce their own food as fundamental means of sustenance.
The production of food permits, with a little strain, at least in the beginning, a conspicuous surplus of food supply, and therefore the satisfaction of the fundamental material needs of a high number of people in the same area.  More >

1 May 2008 @ 23:57, by erlefrayne. Economics, Financing, Banking
[Writ 28 April 2008, Quezon City, MetroManila]

We’re having a production-related problem with rice today in the Philippines today, which looks more like an echo problem of a larger global phenomenon of food crisis. Riots have already been experienced in at least 33 countries, and we may expect the frequency to rise in the months ahead.

To single out production factors, and especially to pinpoint flawed land-use patterns as the cause of the crisis, tends to blur the real cause behind much of our peace and development problems in the world today. This crisis is one of the anarchic results of orchestrations done by financial speculators over a stretch of three (3) decades, followed through recently by food cartels’ machinations to heighten up their looting of the public’s resources via the food market.

Let us recall that as early as the 1980s, the move towards liberalizing the food markets and integrate this sector into the evolving ‘virtual economy’—by unleashing speculative practices on agricultural products via instrument of ‘commodities markets’—already crept into our national boundaries. Gradually did the pattern get integrated into a global mesh of transactions involving not only food but a long list of articles of trade and services being transacted via the secondary markets or hedge funds.  More >

 “No money? Without money, I can’t buy anything!”11 comments
30 Apr 2008 @ 07:44, by democritus. Economics, Financing, Banking
The idea is audacious, laughable, even blasphemous in today’s globalized, branded and capitalized culture; in a strange sense, however, we are in a moneyless society today.  More >

 Rozario's recent book The Culture of Calamity
picture 31 Aug 2007 @ 23:31, by letecia. Economics, Financing, Banking
AlterNet featured an interview with Kevin Rozario about his recent book "The Culture of Calamity"

"Capitalism itself is a system of destruction and creation. You have to keep destroying the old in order to clear space for the new. Otherwise, it achieves stasis, and if it achieves stasis, it dies. It depends on constant expansion just to keep going. But again, to be very clear about this, not all Americans think this is a blessing. This is a process that can be extremely lucrative for businesses, but it's a process that can be extremely destructive for laborers. The benefits of disaster are very unevenly portioned and they go to those with power and influence rather than ordinary Americans."

View the full interview online at: [link]

Note: Kevin Rozario teaches courses in American popular culture and cultural theory. After receiving his Ph.D. from Yale in 1997, he taught at Oberlin and Wellesley before coming to Smith. Although trained as a historian, his interdisciplinary interests keep pulling him into such other fields as literary criticism, media studies, philosophy, economics, environmental history, gender studies, and cultural theory. From Smith College

 Systems Analysis of Economic Social Engineering
21 Jun 2007 @ 00:10, by anandavala. Economics, Financing, Banking

Before joining the conversation, please read and accept this Invitation to a Conversation.

This is a follow on article to the discussion on The International Banking System in the subject Economics, Financing, Banking.

All of the key flaws in the economic system are well known to any who look beyond the web of deception that permeates mass culture - the discussion here at NCN is similar to discussions happening all over the globe, discussions that have been occurring throughout the last century but to little avail. What do all these phenomena point to? Is there some overarching paradigm in which they can all be made sense of? Is it a matter of an elite wielding control or is it something deeper? Is there something practical that can be done about it?

Economics plays an important role in all of the key changes happening in the world but aside from our traditional rationalisations, what purpose does it really serve and what do the many changes signify? From the perspective of system theory, cybernetics and complexity theory the answers are startling!!!!  More >

 The Halloween Massacre22 comments
26 May 2007 @ 16:32, by vaxen. Economics, Financing, Banking


1) What is money... how is it created and who creates it?

2) Why is almost everyone up to their eyeballs in debt... individuals, businesses and whole nations?

3) Why can’t we provide for our daily needs - homes, furnishings cars etc. without borrowing?

4) How much could prices fall and wages increase if businesses did not have to pay huge sums in interest payments which have to be added to the cost of goods and services they supply...?

5) How much could taxes be reduced and spending on public services such as health and education be increased if governments created money themselves instead of borrowing it at interest from private banks…?

"If you want to be the slaves of banks and pay the cost of your own slavery, then let the banks create money…" Josiah Stamp, Governor of the Bank of England 1920.  More >

 A Meme-Pioneer: Antonio Gramsci, 70 years after his death 20 comments
picture28 Apr 2007 @ 17:45, by jhs. Economics, Financing, Banking
Antonio Gramsci died yesterday, 70 years ago, in Rome.

A post of Mino reminded me of that.

Gramsci realized already in the 30's of last century that the public meme are equally, if not more important, than the distribution of means of production and the memes of the 'historic process' and the 'economic determinism'.

He postulated that any class to survive must form its own 'historic bloc' via a cultural hegemony to survive the values impounded by the 'ruling class' on the masses.

To create an Internet space as an experiment to facilitate the vision of a new society, Flemming (and I) created the New Civilization Network in 1995, hosting the first server in my home in the Hollywood Hills. It was running Linux, which one could call a powerful expression of 'technological hegemony', as, in general, the Open Source movement.

We see the power of a new 'cultural hegemony' realized today, 60 years after his death, in the from of the Internet, and especially the BLOGs which have developed a power of its own, bypassing the manipulation via the controlled 'media'.

If he would live today, I am SURE, he would have one of the best BLOGs around.

I'll have a toast on him tonight :-)  More >

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