“This is one of the main contradictions of our time. The confrontation between democracies and autocracies is overplayed, forgetting that Western countries share with Russia and China an unbridled hyper-capitalist ideology and a legal, fiscal and political system that is increasingly favourable to large fortunes. In Europe and the United States, everything is done to distinguish useful and deserving Western entrepreneurs from harmful and parasitic Russian, Chinese, Indian or African oligarchs. But the truth is that they have much in common.” Thomas Piketty explains why effective sanctions against Russian oligarchs would require the establishment of a truly global financial registry.
Tag: economics
The secrets of surveillance capitalism
“The game is no longer about sending you a mail order catalogue or even about targeting online advertising. The game is selling access to the real-time flow of your daily life—your reality—in order to directly influence and modify your behavior for profit.” According to Shoshana Zuboff, we need to revoke the collective agreement with practices that result in dispossession of behavior.
Nine lessons
“Too much of our political debate just insults people’s intelligence and just suggests that every facet of Brexit you don’t like is purely a feature of only the Prime Minister’s version of it, rather than intrinsic to leaving.” Sir Ivan Rogers advocates the need for serious substance to replace plausible bullshit.
Let’s be honest about what’s really driving Brexit: bigotry
“And those who promise that leaving the EU will deliver ‘control’ are really promising something quite specific: a social and cultural reboot. As well as being morally contemptible, of course, this is also a complete impossibility.” Matthew d’Ancona does away with the pretence surrounding Brexit and wants those responsible to take ownership of what is to come.
Britain fell for a neoliberal con trick — even the IMF says so
“I want to address the most stubborn belief of all: that running a small state is the soundest financial arrangement for governments and voters alike. Because 40 years on from the Thatcher revolution, more and more evidence is coming in to the contrary.” Aditya Chakrabortty on asset-stripping the United Kingdom.
Brexit — the story so far
by Swanpride
Honestly, this whole mess has been ridiculous way longer. I mean, so far the story kind of like this [sic]:
UK: Yeah, your stupid little project, we don’t want to be part of it.
EU: That’s okay, we will do our thing over here and you can do your thing over there.
UK: We have changed our mind, we want to join after all.
France: Not sure if that is a good idea.
UK: Pretty please?????
EU: Okay, we kind of convinced France.
UK: Great. Now do what we want or we leave.
EU: What do you want?
UK: We don’t want to be in the Euro.
EU: Done.
UK: But we want the right to do Euro clearing in London.
EU: Done.
UK: We want a rebate.
EU: Done.
UK: We don’t want to be part of Schengen.
EU: Done.
UK: We want to expand the EU to the eastern European countries.
EU: Done.
UK: And we want Turkey to join.
EU: Eh…not sure about that one…I guess we can talk about this, depending on how Turkey develops…
UK: And we want extra rules for immigration because of all of those Eastern Europeans coming to us.
EU: But you wanted this. And you don’t even use the options you already have to control immigration.
UK: Otherwise we leave!
EU: Okay, if you want to. There is nothing more we can give you! Plus, we are kind of busy over here with a refugee crisis. You know, you could help, too? You were the one messing around in the middle east for centuries after all.
UK: You cause too much immigration! And you want Turkey to join! We have voted to leave.
EU: Yes, we noticed. Well, you know the rules, no trade negotiations until you trigger article 50 and then we first need to talk about how we entangle the UK from the EU [sic]. Than we can talk about trade.
UK: We need some time to discuss this.
EU: We aren’t in any hurry.
UK: We have now triggered article 50.
EU: Great so now we can talk about the divorce.
UK: But we want to talk about trade.
EU: First we need to clear up a number of important issues. So what is your suggestion?
UK: —
EU: How about this?
UK: No, totally inacceptable. What we want is our cake and eat it too.
EU: That is impossible.
UK: Go whistle.
EU: Ticktock.
UK: We have talked among ourselves. We want a transitional period or we won’t get done in time.
EU: Well, we might if you don’t delay all the time…but okay, provided that we made some progress. So what is you suggestion.
UK: We want all the advantage of the single market and the customs union while following our own standards and no free movement.
EU: That is impossible.
UK: YOU ARE BLACKMAILING US!!!!!
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Die AAA-Bürger
“So wie Alibaba und Amazon wissen, wofür sich ihre Nutzer interessieren und was sie als Nächstes kaufen könnten, will der chinesische Staat aus den Datenspuren seiner Bürger ableiten, wie sie sich in der Vergangenheit verhalten haben und in der Zukunft verhalten könnten und sie nach einem Punktesystem entsprechend bewerten. Wer zum Beispiel über das Internet gesunde Babynahrung bestellt, soll Pluspunkte erhalten. Wer sich hingegen Pornos ansieht oder zu viel Zeit mit Computerspielen verbringt, muss mit Abzügen rechnen.” Da trifft es sich gut, daß Felix Lee nichts zu verbergen hat und ein solcher Umgang mit Nutzerdaten überhaupt nur in China in Erwägung gezogen wird…
With thanks to Michael August.
Zur Hölle mit den Reichen
“Das System ist zutiefst krank. Es ist unmoralisch und unanständig. Die Wut darauf wächst. Sie sucht sich nur die falschen Ziele. Der Hass der Betrogenen gilt eher dem Kriegs- als dem Steuerflüchtling. Unser Planet ist ein Paradies für Arschlöcher.” Jacob Augstein bringt es auf den Punkt.