The murder of Lumumba, in which the U.S. was involved, in the Congo destroyed Africa’s major hope for development. Congo is now total horror story, for years.
A tremendous amount of the entrepreneurial initiative, if you want to call it that, comes from the dynamic state sector on which most of the economy relies to socialize costs and risks and privatize eventual profit. And that’s achieved by, if you like, advertising.
The Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment.
Concentration of wealth yields concentration of political power. And concentration of political power gives rise to legislation that increases and accelerates the cycle.
Two days after the Boston marathon bombings, there was a drone strike in Yemen attacking a peaceful village, which killed a target who could very easily have been apprehended. But, of course, it is just easier to terrorise people.
One of the best predictors of policy around is Thomas Ferguson’s investment theory of politics, as he calls it – very outstanding political economist – which essentially.
All over the place, from the popular culture to the propaganda system, there is constant pressure to make people feel that they are helpless, that the only role they can have is to ratify decisions and to consume.
