“They can’t really grasp the fact that everything they’ve built has stopped working, because their ideology forbids them from doing it. So that’s identical with what was going on in the Soviet Union.”
Wednesday, January 28, 2015
Interview on Global Research
“They can’t really grasp the fact that everything they’ve built has stopped working, because their ideology forbids them from doing it. So that’s identical with what was going on in the Soviet Union.”
5 comments:
One of the things I fear the most about the USA is that people in many places are incapable of behaving as a coherent community, and as a result, as economic collapse proceeds people will turn on one another instead of cooperating and solving problems. This is the likely scenario in most cities.
Good interview Dmitry. It seemed like you were a little unsure when it came to discussing no till agriculture in Canada. Let me add a few things. The no till revolution in the Canadian prairies really took off in the mid to late 1990's which coincided with Monsanto's patent expiration of glyphosate which saw the price of the main/key herbicide for the no till system fall drastically to levels which allowed mass adoption of the no till system. The no till or zero till agriculture production system has resulted in some amazing improvements in soil health versus the previous industrial tillage regime. As innovative as the industrial no tillage system is it is still subject to the same limitations that plagued the previous tillage regime of agriculture production namely bankers interest payments, chemical/plant patents and market power held by large agribusiness and market forces which inhibit/impair farmers ability to optimally manage the biological system for the benefits of future generations.
Wednesday, January 28, 2015
Russia raids infrastructure fund to save the banks
I have never seen such disastrous, ill-conceived policy. (Well, maybe with the exception of the Eurozone austerity, but we know that is solely to benefit the plutocrats.)
Russia is taking money away from infrastructure investments and giving it to the banks to "save" them.
The rest: http://mikenormaneconomics.blogspot.mx/2015/01/russia-raids-infrastructure-fund-to.html
All banks are illiquid, their money is mostly lent out and not immediately available. There is no reason to believe that the Russian banks were criminally overstretched but there was the clearly visible intent of the US to collapse them via a short-term sanction induced liquidity crisis. They had to be saved though Putin could use this to have a close look at their books to keep them honest.
The trouble with economics is that money is overvalued and ideas are undervalued.
But that is because economists study money.
The only one who ever studied ideas was Kondratieff. And he merits scant attention.
Post a Comment