Marx2

Film review: Soldiers without guns

Posted by in Culture, Development, Politics

In world where stories of government corruption are the norm and greed and violence tend to fill the headlines, this film of how the New Zealand government put an end to years of bloodshed in Bougainville, without firing a shot, shows how powerful peace, love and understanding can be. Director Will Watson has spent the better part of the last dozen years putting this feature-length documentary together to tell the story of how the “Pacific Island Paradise” of Bougainville, part of the Solomon Islands archipelago, went from being a peaceful,…read more

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Review: “Money and Government: A Challenge To Mainstream Economics” Robert Skidelsky

Posted by in Development, Economics, History, Politics, Reading

This is an excellent, if dry book, but it suffers in comparison to the more politically focused books reviewed above because it aims for a new understanding of Keynesian economics as an antidote to failed neoliberalism. Reading economics, even good economics, just reminds me how general economics is, how easy it is for models to be more linked to currently fashionable ideologies then the messy complexity of our real world. Still, someday perhaps economics departments may again include significant sections which are not dependent on consultancy to business and which…read more

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Review: “The End of Alchemy: Money, Banking And The Future Of The Global Economy” Mervyn King

Posted by in Development, Economics, History, Politics, Reading

King wrote his book immediately after retiring as governor of the Bank of England. He sets the tone on page one with an evocative quote: “Where is the wisdom we have lost in knowledge?/ Where is the knowledge we have lost in information?” (TS Eliot). Despite – or because? – he was so close to the London financial sector’s undermining of corporate productivity and pillaging of global government tax revenues, his proposals for new central bank approaches are both practical and egalitarian. Changing The Banking Rules A central recommendation is…read more

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Review: “The Production of Money: How To Break The Power Of Bankers” Ann Pettifor

Posted by in Activism, Development, Ecology, Economics, Feminism, History, Politics, Reading

This is a short and unusual book, very down to earth, while aiming to provide a concise and coherent explanation of today’s complex global banking system. For political analysts, her comparative analysis of the UK’s many weird alternatives proposals for quantitative easing is particularly interesting – it seems that in the UK everyone would like a piece of the “free” money. And she manages to connect banking reform to global development, feminism and climate change! Pettifor begins with this summary: “So what is to be done by the forces of…read more

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Review: “Bean Counters: The Triumph Of The Accountants And How They Broke Capitalism” Richard Brooks

Posted by in Development, Economics, History, Politics, Reading

This book will really open your mind to the fragility and corruption of modern corporations. Brooks traces the path of today’s Big Four accounting firms – who audit nearly all of today’s top 100 UK-listed firms –  from their humble origins as honest external auditors for business to today’s role as the drivers of corporate tax avoidance, shareholder wealth maximisation, and the race to the bottom called national competitiveness. The first western ancestor of today’s accountants was the Italian mathematician Fibonacci, who brought Arabic counting methods to the west in…read more

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EU whitewash of tax havens

Posted by in Activism, Development, Economics, Politics

Oxfam has released a damning review of the EU’s pending next black- and grey-lists for tax havens, which are expected to omit nearly all the big offenders – a bad sign for the future of global tax collection. Details here:  www.oxfam.org and fuller details about the real tax havens list here (oxfam) and here (tax justice network)

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