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Psycholitics & Psychonomics
I have come to the conclusion that politics are too serious a matter to be left to the politicians. DeGaulle
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Have We Bought Enough Yet?

Have We Bought Enough Yet? | Psycholitics & Psychonomics | Scoop.it
The activist philosopher John Ralston Saul traces how we in the West became Walmart societies, with lots of stuff and not much substance.

 

'Globalism, Saul long argued, weakened nation states in the name of economics, and took away the democratic power of citizens to determine their futures.

 

"Globalism basically came to an end in about 2000, and we had five to ten years in a vacuum, before we were hit by a moving truck. The financial crisis … was not a crisis in and of itself, it came out of the earlier crisis, the failure of globalism."

 

'............. Saul mostly blames the people who filled the void [for the GFC], the people who called themselves neo-classical or neo-liberal economists and who he calls neo-conservatives. After the crisis of the 1970s, their views — advocacy of free trade, open markets, privatisation and deregulation, smaller government and a bigger role for the private sector —quickly came to dominate political thought. He calls that idea of a deregulated international marketplace, in which goods and finance travel far more easily across borders than do people, "globalism".

 

So complete was the hegemony of its advocates, says Saul, that ultimately "everyone, whether they are Labor or Liberal or social democrat or whatever … adopted their language."'

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Goldman Sachs: Off the hook?

Goldman Sachs: Off the hook? | Psycholitics & Psychonomics | Scoop.it
Five years after the start of the US economic crisis, we ask why no one is being held accountable.

 

"In 2008, the house of cards collapsed. We learned that mortgages had been sold to people who couldn't afford or understand them. Banks had made huge bets and bonuses with other people's money. Regulators had looked the other way, or didn't have the authority to stop the bad behavior.

 

It was wrong. It was irresponsible. And it plunged our economy into a crisis that put millions out of work, saddled us with more debt, and left innocent, hard-working Americans holding the bag ... We've put in place new rules to hold Wall Street accountable, so a crisis like that never happens again."

 

Barack Obama, the US president, State of the Union 2012

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The Crisis of Europe

The Crisis of Europe | Psycholitics & Psychonomics | Scoop.it
After World War II, Europe began a process of peaceful political unification unprecedented there and unmatched anywhere else.

 

' ..........with the current crisis still unresolved, Europe lacks most of the motivating forces that once propelled it toward unity. Even if a shared fear of the consequences of the eurozone's collapse saves it from the worst, Europe needs something more than fear to make it again the magnetic project it was for a half century. But what can that something be?'

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