Graham Phillips - Stepan Bandera - A Nazi Grave in Munich

I like Graham Phillips, and his passion is the same passion that drives me. When I saw his passion, I was really moved. Some things need to be put right, we can't just go on with how it is.

What a brave man!

The Ukrainian people may well have been horribly oppressed by occupiers in the past, and so anger can be understood, but not fascism.

The Ukrainian Neo-Nazis are the real deal, they hate all immigrants and are white supremacists.

Return to Illegal Shrine to Ukrainian Nazi Collaborator Stepan Bandera

Tom is taking a vacation

We are going to visit relatives that live in warmer climes, so I'll be limited in the amount of time I spent on net for a while. Will post as I get a chance, but that may be sporadic.

Ronan Manly — Russia’s Central Bank Is Buying up so Much Gold Its Huge Mines Can No Longer Keep Up

This is fiscal injection using the books of the Central Bank of Russia rather than the government budget. The central bank is acquiring assets for its own liabilities denominated in the currency it issues, while if fiscal spending were used to inject currency into the economy, the fiscal balance would be show increasing government liabilities.

A declining fiscal balance would be interpreted as a negative signal, whereas the central bank acquiring gold reserves ("hard assets") is considered positive. This not only increases the domestic money stock, providing purchasing power in an economy that is suffers from lagging demand, resulting in idling of available resources, but it also makes the ruble look stronger.

Someone knows what they are doing?

Russia Insider
Russia’s Central Bank Is Buying up so Much Gold Its Huge Mines Can No Longer Keep Up

Ronan Manly

Graham Phillips - MASS Neo-Nazi Marches in Ukraine today to honour Stepan Bandera

There was massive Neo-Nazi and far right marches in the Ukraine two days ago in remembrance of Stefan Bandera, an Ukrainian nationalism and Nazi, which was ignored by the Western media. It's difficult to understand such hate and desire for war.

In the video below you see how badly the Jews and the Polish were treated by the Ukrainian nationalists during WW2, where even the German Nazis were shocked. But Israel News Live say that Israel is now arming the Ukrainian neo-Nazis.

Stepan Bandera! Who Was He? Hero or Nazi?

Rhoda Weeks-Brown — Cleaning Up: Countries are advancing efforts to stop criminals from laundering their trillions

Foreign real estate is a favorite vehicle.

You probably know that Al Capone was prosecuted on tax evasion, but did you know the details?

Al Capone had a problem: he needed a way to disguise the enormous amounts of cash generated by his criminal empire as legitimate income. His solution was to buy all-cash laundromats, mix dirty money in with clean, and then claim that washing ordinary Americans’ shirts and socks, rather than gambling and bootlegging, was the source of his riches.

Almost a century later, the basic concept of money laundering is the same, but its scale and complexity have grown considerably. Were Capone alive today, he would have to run his washers and dryers around the clock to keep pace with demand; the United Nations recently estimated that the criminal proceeds laundered annually amount to between 2 and 5 percent of global GDP, or $1.6 to $4 trillion a year....

IMF
Cleaning Up — Countries are advancing efforts to stop criminals from laundering their trillions
Rhoda Weeks-Brown | general counsel and director of the Legal Department of the IMF

RT — Apple iPhone sales look $9bn worse than expected, CEO blames China & cheap batteries

I am not so sure that the "slowdown" of the Chinese economy is the chief factor in Apple's declining sales there. In the first place, I predicted the strong possibility of Chinese consumers voluntarily boycotting American products, Apple in particular, whereas in the past, American was a status symbol and American products commanded a premium.

The Chinese people are very nationalistic, and they are extremely sensitive to perceived "humiliation,"especially by the West considering the history, about which Chinese are much more informed than Westerners. The former goodwill that American companies enjoyed in China is likely to evaporate and even reverse in a way that is not recoverable once new cultural patterns get established. 

The CIA calls such unintended consequence of operations, "blowback." This may have been unintended but it was entirely forseeable and US companies lobbied their government to avoid it — unsuccessfully.

Secondly, the difference between Chinese electronics and Apple electronics has largely closed and Chinese product are much less expensive. Apple will likely have to cut prices to compete in emerging markets or see its appeal limited to the luxury market as Veblen goods.

RT
Apple iPhone sales look $9bn worse than expected, CEO blames China & cheap batteries

Israeli News Live - Is Trump Growing Weary With Israel's Leaders

Some interesting stuff here, which is worth watching just to see the clip of Trump refusing to shake hands with Benjamin Netanyahu.

But there is also an article about the hackers who are blackmailing the U.S. government by saying they will release damming information about 9\11. 

Then there is an article about the Neo-Nazis in the Ukraine, which Israeli News Live say Israel are arming. and this is followed by an article about Gary Webb.

I don't know much about Israeli News Live, except they want Syria to win the war, plus they don't like Benjamin Netanyahu all that much. Also, they don't like Israel arming the Neo-Nazis in the Ukraine. 

Trump seems to not worry with Iran and their presence in Syria, but the President has not weighed in on his comment that went wild in Israeli News Reports. But as we look across the board seems the President has grown weary with some in Israeli Power.
All the while there is a huge war brewing in Ukraine, what will be the straw that breaks the Camel?

James K. Galbraith — Piketty's World Inequality Review: A Critical Analysis

My new essay examines the question from three points of view: the coverage provided by tax data in the world economy, the consistency of tax data with other sources of information on income inequality, and the peculiarities of tax-based measurement of inequality in the United States. It goes on to make a comparison with measures drawn from other forms of administrative data—specifically payroll records, used by the University of Texas Inequality Project—which are generally more consistent with records of inequality measured in household surveys than are the WIR’s tax records.

In brief summary, the review shows that by comparison with payroll and survey data, available records from tax files are relatively sparse, and biased toward wealthier countries and those that were once British colonies, which imposed income tax. It shows that tax data are far less consistent with survey and payroll records than are the latter two with each other. And it shows that even within the United States, a country with good tax records by world standards, changes in tax law distort the WIR’s measures of changes in the top income shares, while a misunderstanding of the nature of low-income tax filers in the US leads to a dramatic but nonsensical claim that the earnings of the bottom 50 percent of Americans have “collapsed” in recent decades. 

Overall, the review casts doubt on claims by the authors of the World Inequality Report to have produced major advances in the study of world economic inequality, and documents that many of the findings touted in the Report as new and unprecedented have in fact been reported in the literature for years, even decades in some cases....

INET

Piketty's World Inequality Review: A Critical Analysis

James K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin

Robert Waldmann — Optimal Taxation of Capital Income 2019 (let them Bern)

...the standard Judd 85/86 result that the optimal rate of taxation of capital income* goes to zero as time goes to infinity is what mathematicians call a boo boo (oopsie). The asserted theorem is false as explained by Ludwig Straub and Ivan Werning.…

Angry Bear
Optimal Taxation of Capital Income 2019 (let them Bern)

Robert Waldmann

See also

* We just raised the federal tax rate on capital gains and dividends from 15 percent to 23.8 percent, but most economists say these tax rates should be zero. Same goes for the corporate income tax.

Garett Jones explains, via the theoretical work of Christophe Chamley and Kenneth Judd:

Economists can't even get the math right? Oh, my!

Tax Foundation
Standard Economics Says Capital Income Taxes Should Be Zero

William McBride

Dirk Ehnts — Minsky in 1993 on the Non-Neutrality of Money

I have read an article from Hyman Minsky which is only 6 pages long but contains some major arguments of his thought. There are also some very nice quotes to take out of the text. The article was published in the FRBNY Quarterly Review issue of spring 1992 on pages 77-82. Minsky attacks equilibrium economics:

econoblog 101
Minsky in 1993 on the Non-Neutrality of Money
Dirk Ehnts | Lecturer at Bard College Berlin

Gordon MacIntyre-Kemp — Hot new economic theory is just one piece of the puzzle

Half-informed.

Many of the points made have been dealt with in the MMT literature, but the author seems to be only superficially informed about it. Almost no one has taken the time to educate themselves on MMT in a serious way before offering shoot from the hip criticism.

On the other hand, these are valid considerations and if people are not informed about the MMT solutions, more education is required. That includes educating MMT evangelists so that don't just spread slogans or perpetuate myths. The MMT economists have done the heavy lifting and now it is time for both MMT proponents and those critiquing MMT to educate themselves about its breadth and depth.

The National (Scotland)
Hot new economic theory is just one piece of the puzzle

Gordon MacIntyre-Kemp, Columnist

Bill Mitchell — The so-called euro stability spawned banking system that caused havoc

In yesterday’s short blog post – Some Brexit dynamics while across the Channel Europe is in denial (January 2, 2019), I noted that various European Commission officials were boasting about how great the monetary union had been over the last 20 years. European Commission President Jean-Claude Juncker had the audacity (and delusion) to claim it had “delivered prosperity and protection to our citizens. it has become a symbol of unity, sovereignty and stability”. I think he was either drunk or in a parallel universe or both. I provided two graph (GDP growth and employment) to show how poorly performed the monetary union has been since its inception. Today, I want to bring to your attention a Bank of International Settlements (BIS) research report which categorically finds that the European banks during the pre-crisis period not only fuelled the massive boom in sub-prime loans and doomed-to-fail assets that were floating around at the time, but also “enabled the housing booms in Ireland and Spain”. Rather than the US banking system being primarily responsible for the pre-crash buildup of private debt, the European banks were also helping the “leveraging-up of US households”. The “European banks produced, not just invested in, US mortgage-backed securities”. This role is not well understood or recognised. And it was because the Single Market mentality of the neoliberal European Union which abandoned proper prudential oversight and regulation allowed it to happen. So much for “prosperity”, “protection” and “stability”....

Bill Mitchell – billy blog
The so-called euro stability spawned banking system that caused havoc
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Matador Network - Iran: Is it Really that Bad!? Episode 1

Lots of people are going on holiday in Iran and finding out that the Iranians are a very friendly people. And many of these travelers are specifically going there to see if they are bad as the U.S. makes them out to be. Reiner Van Oosouw, who is from Germany, found the Iranians to be very friendly and he really liked them.

At about 2:50 minutes into the second video - Iran: It's Just Not What You Think - an English woman gets all emotional after taking to some Muslim and wonders why anyone would want to start a war with them.

For most people in the West, Iran is a country associated with terrorism, violence, and societal repression. Dutch filmmaker and photographer Reinier van Oorsouw travels there with the simple question: Is Iran really that bad? From snowboarding in the mountains to professional women working as creatives, we find a modern and nuanced society far different from what’s typically portrayed in the media.

Iran - It's Just Not What You Think

Get the tissue ready for this one.. :(
Today was such an emotional day in Iran for everyone. Rashed - you are an amazing man, we love you to the moon and back.
We visited the North of Iran on the Mongol rally and it welcomed us with open arms. We met the most incredible, caring and kind people and our faces hurt each day from smiling so much.
Iran to us was not what we thought it would be. We're spoon fed false information by the media on how dangerous is it and we're taught to feel afraid of going there. When we arrived in Iran we felt like we were being welcomed home by our families. We are yet to explore the South of iran.

Links — 2 Jan 2019

Zero Hedge
America's Defeat In Syria Is A Crisis Of Empire [how Putin outplayed the US Deep State]

Tyler Durden

Ecns
Resolving Taiwan question, complete reunification a historic task: Xi

Ecns
Xi delivers speech at gathering marking 40th anniversary of Message to Compatriots in Taiwan

The Fourth Political Theory
Geopolitics: Theories, Concepts, Schools, and Debates

Alexander Dugin

Mint Press News
Land of the Free – Unless You Want to Criticize Israel

Philip Roddis

Fort Russ News
Regime Change in 2019? US and Brazil Will Try, But Venezuela Will Easily Survive
Paul Antonopoulos

The Spiel
Bolsonaro’s Foreign Minister Calls For Christian Pact Between Brazil, Russia And The United States—Ernesto Araújo Suggests Replacement Of BRICS With New “Nationalist Group”
Eduardo Rivero

Zero Hedge
Mueller's Legal Strategy Ridiculed By Courtroom Nemesis; A Veteran Of The "Real Justice Department"
Tyler Durden

Tom Luongo — Trump Learns Markets Don"t Like Uncertainty

If there’s one thing I’ve learned in my twenty plus years of market-watching it is that markets hate uncertainty. Uncertainty breeds volatility and volatility usually prefaces a panic.…

No matter how powerful you are, you can’t dictate to markets for very long without there being a comeuppance. Even the Fed understands this. That’s why for the past ten years central banks have embarked on a communications policy to massage markets first, to prep them for any changes in monetary policy.

Because shock policy moves cause shocking amounts of money to move, creating panics both up and down. Trump thinks he can conduct foreign trade like he conducts a real estate deal – shock and awe up front to create chaos during negotiations and then settle. But you can’t negotiate with investors and fund managers.

They simply react to chaos with pulling their money off the table and looking for safe places to hide it. And that’s the lesson from this period of volatility in the global markets....

Failing to take the big picture into account, the "master persuader" makes the wrong moves.

Strategic Culture Foundation
Trump Learns Markets Don"t Like Uncertainty

Tom Luongo

M. K. Bhadrakumar — India sequesters Iran ties from US predatory strike

India has done well to put in place the nuts and bolts of a payment mechanism for its trade and investment transactions with Iran against the backdrop of the US withdrawal from the Iran nuclear deal (known as the Joint Comprehensive Plan of Action) in May last year followed by the imposition of sanctions against Iran....

India Punchline
India sequesters Iran ties from US predatory strike
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service

John Perry — The True Nature of US Interventions

‘Make America Great Again’: Trump’s slogan seems both to yearn for a time when the United States had more influence, and to call for its pre-eminence to be restored. In its own way, it asserts that the US is – or should be – different. In fact it was only Trump’s predecessor, Obama, who was the first president to talk regularly about American exceptionalism, yet to Trump it is something that is long lost and it is his job to recover it. Yet belief in the US’s exceptional nature has been a constant feature of the country’s history, whoever has been president, and continues right up to the present day.

Its starting point in the early nineteenth century was the ‘Monroe doctrine’, the assertion of the US’s pre-eminent power in the western hemisphere, replacing the old colonial powers such as Spain and Portugal. Its domestic counterpart was the US’s God-given ‘manifest destiny’, which justified settlement of the whole North American continent, regardless of the presence of the people to whom much of the land already belonged. Whereas the Monroe doctrine at first reflected a degree of respect for the then newly emerging Latin American nations, by the end of the century it only thinly disguised a new kind of imperialism which justified US intervention anywhere in the hemisphere.

Soon after the end of the second world war, the former ‘great powers’ began to give up those colonies that had not already been returned to their rightful owners. But, fuelled by the cold war, the US began a new phase of imperialism. Dan Kovalik, in his new book The Plot to Control the World, quotes a report, which he says is almost certainly an underestimate, that the US interfered in 81 foreign elections between 1946 and 2000. And even that number omits more serious interventions such as US-provoked coups, assassinations and invasions. Yet, as Kovalik says, ‘American exceptionalism’ requires a belief that the US is a unique force for democracy and freedom in the world. This enables the New York Times to justify US interference in the affairs of other countries because the US is unique in using its power to challenge dictators or otherwise promote democracy, whereas Russia (say) more often intervenes to disrupt democracy or promote authoritarian rule... 

Counterpunch
The True Nature of US Interventions
John Perry

Adrian Kuzminski — Understanding Populism

American populists are largely reactive and somewhat confused. They don’t know what hit them. And they don’t know their own, often forgotten, history. Nineteenth-century American populists were not socialists, but small-scale capitalists. They were farmers, artisans, and professionals. Private enterprise was central to their values, and they wanted to preserve it for ordinary citizens like themselves. The ideal was to own your own business, not to work for a corporation. Populists fought to keep private enterprise widely distributed among many small, independent producers, as it still was in their day, and to resist the emergence of dominating monopolies which threatened their economic security....

To remedy this sad state of affairs, the populists demanded the conversion of key infrastructural sectors into public utilities repurposed to facilitate rather than exploit small producers. Railroads, they argued, should be run on a regulated, non-profit basis to ensure low-cost access to markets by their customers. Similarly, banks should be run on a non-profit basis as to ensure low-cost credit to borrowers. Populists also called for the federal government to directly issue currency to pay for its expenses (instead of borrowing to do so).

The basic idea was to turn enterprises with too much monopoly power into accountable public utilities, but otherwise to allow the free market to run its course. The aim was to save free enterprise. If many independent producers have to use the same infrastructure (like railroads or the internet), or rely on a common provider of essential products or services (like energy companies or banks), those businesses, populists said, ought to be transformed into public utilities under public control....

Counterpunch
Understanding Populism

Adrian Kuzminski

Timothy Taylor — Macaulay on Economic Progress, 100 Years Before Keynes

Economists have long been fascinated by a 1930 essay written by John Maynard Keynes called "Economic Possibilities for Our Grandchildren" (available various places like here and here). Writing in the opening storms of what would become the Great Depression, Keynes maintained that the main issues facing the economy in the long run was an adjustment to ongoing technological progress. He wrote: "We are suffering, not from the rheumatics of old age, but from the growing-pains of over-rapid changes, from the painfulness of readjustment between one economic period and another." He added: "I would predict that the standard of life in progressive countries one hundred years hence will be between four and eight times as high as it is to-day. There would be nothing surprising in this even in the light of our present knowledge. It would not be foolish to contemplate the possibility of afar greater progress still."
That growth projection may sound crazily optimistic. But as I pointed out here, it assumes only an average annual growth rate of 1.5-2.0% per year. Seemingly slow annual rates of growth, sustained over a century, are a powerful force.
Perhaps it is well-known among the cognoscenti that Thomas Babington Macaulay, the British historian, essayist, and politician, made essentially the same claim about the power of long-run economic growth in 1830, exactly 100 years before the essay by Keynes. But I had not known it until a few weeks ago. So I'll share with you some of the Macaulay's commentary, which appeared in an 1930 review essay about "Southey's Colloquies on Society" in the Edinburgh Review. I quote here from the version of the article available at the always-useful Library of Economics and Liberty website...

Conversable Economist
Macaulay on Economic Progress, 100 Years Before Keynes
Timothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota

Yu Yongding — A Makeover for Chinese Macroeconomic Policy

While China is not about to recapture double-digit GDP growth, that does not imply economic catastrophe. After four decades of rapid growth, a slowdown was inevitable, and if China readjusts its macroeconomic policy stance, it can prevent that slowdown from being excessively sharp.…

This post is important because of who wrote it. Yu Yongding is considered to be one of the most knowledgeable Chinese economists and his views are watched and widely quoted.

Project Syndicate
A Makeover for Chinese Macroeconomic Policy

Yu Yongding, a senior research fellow at the Chinese Academy of Social Sciences, a former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, former member of the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006, and a former member of the Advisory Committee of National Planning of the Commission of National Development and Reform of the PRC.

See also

“It’s right to say that we should care about economic growth quality instead of speed, but such reforms and adjustments can’t be done in short period of time – the water from afar can’t quench the immediate thirst,” Yu said.

The Chinese government should not worry too much about the property bubble, worsening of debt issue or a weakening Chinese yuan while attempting to bolster growth, Yu added...

South China Morning Post
China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

Orange Wang

D. Sadaati — Workers' Strikes in Iran: This Time it is Different

According to the Western narrative, the "Iranian people" are opposing "the Islamic dictatorship." This article tells a different story.

The Western media will not tell you, but the workers' protests in Iran are similar to the Yellow Vests in France, which is spreading internationally. Workers are getting fed up with capitalism as usual and are demanding socio-economic justice.

Longish, but it tells the story in some detail. Nothing about this being a political protest against the Islamic government as the Western media represent it.

Interestingly, though, the MEK, which the US is putting forward as a replacement for the current regime after "regime change," has socialist and communist roots. Of course, the other option in the West is brining back the Shah's family to rule. Contemporary Iranians have not forgotten the repression they experienced under the rule of the Shah and his secret police.

Libcom — Internationalist Communist Tendency's blog
Workers' Strikes in Iran: This Time it is Different

D. Sadaati

The Prisoner - Enter Rover

As long as you're good, do as you're told, and believe narrative they tell you and not question anything, then you are safe in our society.

Be careful, Julian!

                          

Potholer54 - A CONSERVATIVE solution to global warming

An absolutely superb video.

I always thought that investing in green energy should be very profitable in the long run, so why were so many conservatives against it?

America could have been a world leader in green technology, and the West not so reliant on ME oil, but all squandered by the oil lobby. But surely green energy opens new and exciting investments for capitalists?

So, what about those people who say that there is nowhere to store green energy for times when it isn't sunny, or windy, so it is not feasible. Well, then invent the battery technology, says, Potholer. America is the land of innovation, he adds, so why are conservatives just throwing their hands up in the air saying it can't be done. The same goes for rare earth metals needed for solar energy, just invest to invent alternatives as the profits could be enormous.

These videos also expose the nonsense of libertarianism better than I've seen anywhere else. And Ben Shapiro, the darling of the American right, is shown to be an idiot.

I will have to send these videos over to Jason Goodman and Charles Ortel as they were saying last Sunday on their show etc that Al Gore had invented the climate change myth because he had invested in green energy. And these guys recon they're smart, as well?

Rather than cost companies more, the carbon tax in Australia actually saved companies money in the end and their profits rose.

I haven't monetized this channel and I don't have a Patreon account, so if viewers would like to support this channel please donate to a charity I endorse.
It's called ASR, a hospital in Borneo that provides affordable health care to villages on the edge of a national park in return for a pledge not to cut down trees, The pledges are monitored, and the result is a dramatic decrease in deforestation rates and an increase in the health of the local population. The founders are hoping to spread the idea to other countries. (see https://psmag.com/social-justice/save... for an explanation of their work.)

Part 2

Peter Cooper — Fairness and a ‘Job or Income Guarantee’

Of the various criticisms leveled at a combined ‘job or income guarantee‘, ones appealing to fairness usually go along the lines that it would be unfair for healthy individuals outside the workforce to receive an income while others are occupied in jobs. In considering this objection, a number of points come to mind:

heteconomist
Fairness and a ‘Job or Income Guarantee’
Peter Cooper

Bill Mitchell — Some Brexit dynamics while across the Channel Europe is in denial

It is Wednesday and I am going to stick to my decision to ‘not publish a blog post’ on Wednesdays unless there is some new data (such as the quarterly release of the Australian National Accounts). I want to use this time to attend to other writing obligations. But a few snippets won’t hurt, will they? The first, looks at some extraordinary denial from the European Union bosses. The second, looks at evidence that the Brexit environment is already providing positive dynamics for British workers in low-wage areas of the labour market. And that is being presented by the Remainers as something negative! We move into 2019, just as we left 2018!...

Bill Mitchell – billy blog
Some Brexit dynamics while across the Channel Europe is in denial
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

BadMouthProductions - Calculating Capitalism's Death Toll

Imagine a Sci -fi film about an alien planet that has an economic system where 3% of its inhabitants starve each year. It is said that there is no alternative, because if the system is changed then even more people will die.

There has to be competition to bring wages down to make goods more affordable, they say - even if that means that 3% of the population have no work and may starve.  And so it is accepted that some people will die so that others can live. Fortunately, it's just a horror film.

Jimmy Dore - SHOCKER: Minimum Wage BOOSTS Employment In Seattle

Economists and conservatives said that raising the minimum wage would cost jobs, but when Seattle raised the minimum wage more jobs were created. Does this phenomenon fit into the economists equations?

Physicists say the universe can be explained by maths, but a documentary I recently watched said that not everything in the universe can be explained by mathematics, maybe because some things are far too complicated.

The weather, the stock market, and even boiling water are too complicated for mathematics to describe, they said in the documentary - I guess they mean predicting where the bubbles will occur in boiling water. It seems that the economy could also be far too complicated for mathematics to fully describe.

Ownership Society - Ep. 4: Values, Principles, Tools, Systems

Richard Wolff says cooperatives are the future as capitalism isn't working for most people.

Below is a series of videos made by a group of people who call themselves the Ownership Society, and they agree with Richard Wolff about cooperatives.

Capitalism doesn't work for most people, say the Ownership Society, because a few elite owned the means of production and used their market position to exploit people by pitting them against each other forcing their wages down, but socialism didn't work either, they say, because there was no reward for individual incentive. Why work hard to dig up extra potatoes in a field if is going to be shared equally amongst everyone?

Having broad ownership in a modern economy necessarily implies cooperation. Many groups of people have developed cooperative enterprises. Whenever cooperation has emerged, it has followed the same pattern.

Ep. 1: A New Way of Thinking (Beyond Capitalism and Socialism)

Ep. 2: The Real Problem with Capitalism

Loads more videos here -

YouTube - The Ownership Society

Links — 1 Jan 2019 — Happy New Year

Happy New Year!!!

TRNN
Medicare for All – How Can We Pay for It? (pays for itself)
Sharmini Peries interviews Robert Pollin and Michael Lighty

RT

Russia’s $75 trillion in resources is why sanctions are impossible (more than a gas station)

Michael Roberts Blog
20 years of the euro – part one: has it been a success? (depends on for whom)
Michael Roberts

Jamaica Global
KAMALA HARRIS’ JAMAICAN HERITAGE – UPDATED (by her father)
Donald J. Harris | Professor of Economics, Emeritus, Stanford University, Stanford, California

Intel Today
United States Strategic Command : “We are ready to drop something much, much bigger.”

Caitlin Johnstone — Rogue Journalist
US Military Apologizes For Posting Uncomfortably Honest Tweet
Caitlin Johnstone

Renegade, Inc.
Truth, Lies, & Intention (dealing with narrative control)

Mark GB

India Punchline
World is safe from global conflict in 2019 (despite brinksmanship, nobody wants a war)
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service

Zero Hedge
Chinese Admiral Wants To "Sink Two US Aircraft Carriers" Over South China Sea
Tyler Durden

Sputnik International
Chinese Admiral Says Sinking US Carriers Would End South China Sea Spat – Report

The Enlightened Economist
Look ahead to books out in 2019 (a few things look interesting)
Diane Coyle | freelance economist and a former advisor to the UK Treasury. She is a member of the UK Competition Commission and is acting Chairman of the BBC Trust, the governing body of the British Broadcasting Corporation

James Petras Website
The New Year Past and Future
James Petras | Professor (Emeritus) of Sociology at Binghamton University in Binghamton, New York and adjunct professor at Saint Mary's University, Halifax, Nova Scotia

Ian Welsh
Looking Back At The Year That Was, And Forward To Hell (pessimistic)

Counterpunch
Thinking about American Totalitarianism (very pessimistic)

Meher Baba

The New Humanity (optimistic)

RT - Stephen F. Cohen: Trump-Putin dangerously hamstrung by Russia-gate hysteria

Give peace a chance!

When Oliver Stone said on a talk show about having peaceful relations with Russia, the audience laughed, while the host mocked him. Then Oliver Stone said, 'what is wrong with detente?'

Nothing, but the audience has been fed pure propaganda, and one day their laughs could turn to ash, along with their families, towns, and society too. They had no idea what they were laughing about, because it's not a laughing matter.

Larry King is extremely disappointing here, but at least it gives Stephen Cohen to address his issues. It amazing how many people have been brainwashed with Russiagate, and I can't believe how stupid they can be. Larry King infuriated me!