From Economics

Are we headed for a Black Hole?

During the period between June-September 2018, expect the United States to set the foundations (with or without help from others) for serious global financial fallout in 2020/2021. We’ve been here before – this has a fated quality. What you see is not what you get especially in regards to very public and very inspirational governmental (presidential) speeches – smokescreen is one word – but bamboozle is probably a better word – pay attention here – this is a slippery slope. The solar eclipse on 13 July 2018 at 20 Capricorn sows the seeds for all this – but will they take hold…

Power and Promise – Utopian Propaganda & Orwell’s Animal Farm

In the preface to his Ukrainian Edition of Animal Farm, George Orwell says that his reason for writing the novel was to reveal what he believed to be the Soviet myth underlying Socialism – the political and economic model that he wholeheartedly embraced. According to Orwell, nothing had caused greater harm to the Socialist movement in England than that the majority of English people so blithely accepted the ‘lies of totalitarian propaganda’, apparently incapable of assessing the true nature of either the Nazi or Soviet regimes (Orwell, 112). Propaganda, defined for this essay as ‘opinion management’ (Welch, 3), is oft…

Pluto’s 21st Century Trek Thru Capricorn Spells an End to 20th Century Economics

In a recent essay, philosopher John Gray suggests that John Maynard Keynes, one of the most influential economists of the 20th Century, would not have supported the ‘simple minded’ view that the only way forward is through government stimulation of the economy to facilitate a return to growth. The problem, Gray notes, isn’t just a deepening recession, but instead the breakdown of modern capitalism itself. He suggests that complex interaction of the collapse of debt-based finance, fatal faults in the euro’s design, and an on-going shift of economic power from the west to the east and south, have created a…