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Showing posts from September 27, 2020

Egypt

 “A woman with a small cabbage on the way to the market.” Credit to Daniel Nadler (via Egyptian Streets)

UK

“And it's not just stately homes. From universities, to town halls, from theatres to banks, the founders of many of these institutions made their money through the business of slavery. Slavery touched almost every corner of British society.“ Then one day the Havelocks, the Gordons, the Churchills ...will be next, hopefully. How slavery shaped our history Related Tate Modern’s association with slavery

Global Capitalism

“ The result is a world of two different trust realities. The informed public—wealthier, more educated, and frequent consumers of news—remain far more trusting of every institution than the mass population. In a majority of markets, less than half of the mass population trust their institutions to do what is right.”  Where People Are Loosing Faith in Capitalism Edelman Trust Barometer 2020

Finance Capital

 Via Michael Roberts “Here we go again - the unending story of banking folk.” Australian bank Westpac has been fined A$1.3bn for money laundering the dubious money of 284 clients in 19m transactions worth A$11bn (yes, billion) - including clients engaged in child trafficking! But no arrests have been made of executives. Just a fine. "It’s huge, it’s the largest fine in history, it’s an eye watering number but it’s already pretty much been expected by the market" he said. "A few hundred mill difference in the scheme of a bank with a market cap of $60 billion that generates billions of profit annually, it doesn’t really have much of an impact with the valuation we put on the bank." Related Regulation does not work

England

There is only one truth, the God’s/Allah’s ‘way of life of free market liberal democracy’. All the rest is apostasy that must not corrupt our children’s minds. Let anyone who utters the word C be stoned. Schools told not to use anti-capitalist material in teaching 

Free Speech

 Atkinson, to my surprise, has echoed some of I what have personally experienced in England: the intolerance of people to my views and criticism and even their opposition to my free speech. Repression without a police state.