Economics

Lecture at World Congress of Faiths, Annual General Meeting, London School of Economics, University of London, May 20, 2015 Thank you for inviting me to speak to you today, and for giving me the opportunity to share with you my journey for the common good, a journey which I began many years ago, when as a young man I left Iran for England in 1972 in my search for life’s bigger picture. Friends, I very much like to set the scene by reading a short statement, giving you a brief background to my presentation, my abstract, if you will: First: This presentation is dedicated to the youth of the world, our children and grand- children, who are the unfolding story of the decades ahead. May they rise to the challenge of leading our troubled world, with hope and wisdom in the interest of the common good to a better future...

“Getting Away With Murder” is the title of Susan George’s (as usual) brilliant analysis of the banking situation after the US banking 9/11, the 2008 crash (published by Transnational Institute in Amsterdam. If the West had freedom of the press the analysis by a leading expert on these matters, and her suggestions for remedies, would have been on media everywhere with detailed interviews. But, alas. Picking one point among many: the operation of the European Central Bank to extend credits; at a generous 1%. In a Union of 28 states, we might imagine, it would go directly to member states with problems. Not at all, directly to banks, from them to states; at, for instance, 6%. In other words, the more miserable the situation in a country, the more banks and their top boards, CEOs and some functionaries will be thriving. This is EU oligarchs feeding EU oligarchs, not direct...

Af Claus Kold Kampflys opgaver Hvis vi i Danmark står over for en anskaffelse af nye kampfly til omkring 40 milliarder, så må man gå ud fra at forholdet mellem det købte og opgave vejer tungt, og at dette forhold er blevet grundigt undersøgt. Det virker imidlertid ikke sådan. Nok er flyenes teknikker blevet grundigt diskuteret, men hvor er diskussionerne, om kampflyene passer på de opgaver, som fremtidens væbnede konflikter udgør? Krig mellem stater – symmetrisk krig Argumenterne for at anskaffe nye kampfly hviler på en bestemt stats- og samfundsmodel, med nogle tilhørende antagelser/faktorer. Disse faktorer er så at sige bygget ind i flyenes teknik, men de diskuteres som teknik og ikke som antagelser/formål. I denne tekst vil jeg derfor tage udgangspunkt i denne tænknings egen logik, da det samtidig er den, der er herskende i Folketinget, i Forsvaret og i store dele af dansk sikkerhedspolitisk tænkning, og se om...

Af Jan Øberg Det er utilstedeligt at vi endnu ikke har skyggen af en ordentlig, informeret debat om sikkerhedspolitikken og økonomien forud for beslutningen. Årsagen er at der ikke findes nogle for samfundet gode argumenter for dem. Alle partier med undtagelse af Enhedslisten mener at Danmark bør anskaffe nye kampfly – der i bedste fald vil være i funktion om 5 år. Dagens pris – afhængig af antallet fly – er på 30 milliarder kroner – godt 5000 kroner per mand, kvinde og barn i vort land – og mindst 100 milliarder kroner til brugsomkostninger frem til 2045. I dagens tal kostede Storebæltsbroen 37 milliarder. Debatten har hidtil ikke handlet om hvad i alverden vi skal med disse maskiner, kun om valget mellem tre typer. Fakta og problemer holdes helt bevidst i det dunkle og skal skydes ud til efter valget for derpå at træffe beslutningen hurtgit så ingen opdager...

Society is tri-partite: State, Capital, and People with their associations, the Civil Society. There is hard-won and applaudable freedom of expression for People, directed at the State and its feudal predecessors, Clergy and Aristocracy. But how about Capital? Consider this. Somebody can pay for access to the media – papers, radio, TV – with total freedom of expression of strong views, filling pages and hours of reading space and listening-viewing time; one way. Uncontradicted, nobody writing or voicing contrary views, sowing doubts, coming up with data to the contrary, values, theories against. One-way flow of expression, and not merely a flow of bla-bla words but to induce behavior, even changing behavior; aimed at getting inside readers-listeners-viewers, capturing their spirit to issue new commands to their bodies. Could a tyrant dictator ask for more?

They made it, with constructive alternatives – the New Development Bank and the Contingency Reserve Agreement–to the US-dominated World Bank and International Monetary Fund. Those two parts of Bretton Woods were basic pillars in the economic infra-structure of the US Empire in the hands of the US Congress. Loans were disbursed in return for “structural adjustment” –privatization, budget cuts, devaluation, repatriation of profit, also against BRICS countries. US companies were commissioned for huge jobs serving local elites. Untold damage was done in spite of some recent changes in rhetoric. The USA used them to export the US economic–and with it the social, political, cultural, military–order through loans, grafting it upon social bodies that after some time rejected the implants as foreign and incompatible. Even a decaying order however brilliant it may have looked to the untrained eye as late as the 1990s. What remains today of that US “order” is...

[ This post was previously published online at the website of the Global Transition Initiative, which is dedicated to promoting “Transformative Vision and Praxis.” It responds to an essay on global citizenship written by Professor Robert Paehlke, who cogently advocates the formation of a Global Citizens Movement, including indicating how it might become effective. What seems important about such dialogue is the recognition that given the realities of this historical period, it is increasingly necessary for political thought and action to proceed by reference to human interests as well as being responsive to national, local, ethnic, and religious interests and values. A feature of modernity that is being rightly questioned from many angles is the presumed radical autonomy of human interests, especially the modernist illusion that the co-evolutionary dependence on nature and the environment was being superseded by the marvels of technological innovation. One way back to the future is...

/10/jonathanpower2.jpg”> Oil provides 70 % of booming Nigeria’s government revenues and without that, since tax collection is so poor, Nigeria would be a country without much in the way of education, health facilities, infrastructure building and urban renewal. People talk suggestively about a corrupt elite creaming off oil money. Although true it is only the cream. The milk itself goes to the state, hence the government’s preoccupation with oil theft which is now on an enormous scale, organised by corrupt businessmen, officials and politicians. (Before that it was the insurgency in the Niger delta where youthful, well-armed, guerrillas sabotaged the pipelines for well over a decade until a peace agreement (a buy out) was negotiated by the underestimated president, Umar Yar A’dua, President Goodluck Jonathan’s predecessor who died on the job.) The proportion of the economy that oil makes up is now found to be much less than thought. Nigeria...

Business and Peace are not mutually exclusive. Business does play a crucial role in society. More so, business impacts and depends upon its surrounding. It impacts the social well-being of people and planet, whether intentionally or unintentionally, both locally and globally through the chosen ways of operation and production. Equally, does business play a key role in contributing to economic development, peace and stability in the areas where it operates. Business provides jobs and revenue to local markets; sets examples of sustainable business practices and can provide support for various social programs through strategic social investment. In short, business is an inherent aspect of our society, and therefore, if we are striving for a more peaceful and sustainable world, for-profit private enterprises are the most crucial actors in achieving this goal.

Sometimes a look at the basics is needed. They are reproduction of the nature on which we all depend, and reproduction of humans. Formulas like renewability and recycling, to avoid depletion and pollution, and well-being, meeting basic needs for all to avoid suffering and misery, are good guides. With them guaranteed, let us extract, produce, distribute, consume, and enjoy! Sounds rational. But the basics are not guaranteed, not built into the system. From the economy comes many products but also ecocrisis, misery, death, guided not by rationality but by the opposite. How come?

“The Secrets to Finland’s Success with School—and Everything”, The Atlantic (11-Jul-2013), has many messages to a US readership from that particular welfare state. One of them is a school system which ranks as one of the world’s best with no standard testing or South-/and East!/Asian “cramming”; limiting student testing to a necessary minimum; there is less emphasis on competition. And another, closely related, Finns have an incredible equality and very little poverty; an extremely low child-poverty rate. The two points are related. The article, written by Olga Khazan, wisely points to smallness and high homogeneity as two factors underlying the “success”, also known to the other Nordic countries. However, as pointed out, there are “sizeable Swedish and Russian-speaking communities – the former ruling the country till 1809, the latter on till the Russian 1917 revolution–took time to even it out. What the article has not picked up is the closeness...