Capitalism’s Origins Capitalism is often discussed as if it is a recent invention. Even in Wikipedia, which I typically find a very reliable source of information, they state that capitalism has its roots in the activities of 9th to 12th century Arab traders. In Europe capitalism is generally thought to have arisen in the middle [...]
Archive for the ‘Economic History’ Category
Why Oil Is More Important Than Capitalism
Posted in Economic History, Globalization, tagged Oil on February 15, 2010 | 5 Comments »
Michael Hudson on the Propaganda of the Business Cycle
Posted in Deliberately False Financial Information, Economic History, tagged Michael Hudson on June 18, 2009 | Leave a Comment »
Deja Vu Here we go again….every several articles or interviews that we read from Michael Hudson lead to upturning the commonly held beliefs that were inserted in our mind by our propagandized business education, business controlled media, conversation with others or all of the above. Flimsy Sanity Interview In this excellent interview with the Flimsy [...]
Michael Hudson on Real Estate Taxation
Posted in Banking, Debt Peonage, Economic Bubbles, Economic History, Real Estate, tagged Michael Hudson, Milton Friedman on May 4, 2009 | 1 Comment »
Michael Hudson has been covering real estate for some time and is one of the very few experts on real estate taxation. The picture above is a good representation of how banks see the optimal real estate situation, people who are so in debt that they have to allocate most of their income to their [...]
Final Stages of Financialization
Posted in Bailout, Deliberately False Financial Information, Economic History, Media Corruption, tagged CEPR.net, Michael Hudson, SEC on April 21, 2009 | Leave a Comment »
When the Elite Take Over We have reached the final stage of this process – when the financial economy has very little to do with the actual economy. In this model, the financial economy is simply subsidized to continue to exist in its enlarged state. The original concept of the banking and financial system was [...]
Unconstitutional Fed Makes International Banking Cartel Happy
Posted in Banking, Currency, Economic History, Economics, Misleading Financial Institutions, Videos, tagged Alan Grayson, CEPR.net, Goldman Sacks, Henry Paulson, Hoover Institute, Ron Paul, SEC on April 13, 2009 | 1 Comment »
What would you do if you learned that your government had outsourced its central banking function to a private company? Furthermore that this company had only a loose affiliation to the government, and that the government have very little oversight into this entity both in terms of controlling its behavior and being able to see [...]
Nobody Actually Reads Adam Smith and A Wealth of Nations
Posted in Deliberately False Financial Information, Economic History, Economic Regulation, Economics, tagged Adam Smith, Conservative Values, SEC on March 27, 2009 | 9 Comments »
Who Was Adam Smith? Adam Smith was an economist who lived in the 1700s in Scotland had a great influence on economics through the writing of his book The Wealth of Nations. This book is quoted frequently by business majors and by conservatives as an explanation for how to setup an economic system. His most [...]
History of the Federal Reserve Bank
Posted in Bailout, Currency, Economic Conspiracy, Economic History, Federal Reserve, Privatization, Videos, tagged Alan Grayson, Naomi Klein, Ron Paul on January 24, 2009 | Leave a Comment »
This absolutely excellent video series proposes, and provides excellent evidence that banking crisis of 1907, 1920 and 1930 were created by the large banks which allowed them to concentrate banking power. The income tax was passed during the great depression. These actions fall into the category of Naomi Klein’s Shock Doctrine. That is concentrated power [...]
Unquestioned Capitalism
Posted in Alternate Economic Philosophies, Economic History, Economics, Globalization, Inequality, Media Corruption, Tax Evasion, tagged Milton Friedman, Slavery on January 11, 2008 | 3 Comments »
Introduction The term capitalism is often applied as a blanket term that connotes a positive view on any structure that concentrates economic power. Unknown to many that use the term, all economies are mixtures of capitalistic and socialistic structures, regulations and social programs. A free market solution is not applicable to many if not most [...]
Lessons from Privatizing Retirement Funds
Posted in 657969, Economic History, Investment Advice, Stock Market, Yield Disparity, tagged Google on January 11, 2008 | 2 Comments »
Elite corruption and lying about retirement saving methods is sure to end retirement for large numbers of the US population. However, the retirement for the wealthy will be better than ever. Retirement Privatization = Stealing Retirement The history of retirement fund privatization is clear…it is a total failure. However, failure does not stop monied interests from [...]
Venice and Political Stability
Posted in Economic History, Reference Articles, tagged Naomi Klein on January 11, 2008 | Leave a Comment »
Abstract As long as the population knows little about history its easy to propose things that have never happened before (i.e. invading another country to bring it democracy). Concentrated power does not want the lessons of the city state of Venice to be understood. “Venice endured as a republic while its neighbors did not, thus [...]
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