Archive for May, 2012

THE IRONY OF HISTORY

May 30th, 2012 by Paul Jorion 0

Translated from the French by Tim Gupwell. I have made the observation here that what leads us to desire change is never the projection of an idyllic image of a new future world to which we aspire, but rather the present moment in which we live become intolerable. Irony plays a considerable role in history and it […]

DISMANTLING UNCERTAIN, ECONOMIC DISASTER GUARANTEED, by François Leclerc

May 30th, 2012 by Julien Alexandre 0

Guest post. Translated from the French by Tim Gupwell. It’s already well established that Tepco, the operator of Fukushima, is in control of very little in the devastated nuclear plant. Not the ongoing, endemic contamination of the atmosphere and of the sea, not the status of nuclear fuel reduced to a state of three coriums which either […]

THE REGULATORS’ INDIGESTIBLE COOKERY, by François Leclerc

May 5th, 2012 by Julien Alexandre 0

Guest post. Translated from the French by Tim Gupwell. The debate on growth which is starting to take shape has overshadowed an event which is less spectacular but just as decisive. It concerns the deleveraging of banks, which will have an influence on growth as it is accompanied by a reduction in credit for the economy. The […]

QUESTIONS STILL IN NEED TO BE SOLVED (VI) PREDICAMENT OF PRIVATE PROPERTY

May 5th, 2012 by Paul Jorion 1

An English translation by Bernard Bouvet of the post  “QUESTIONS À RÉSOUDRE (VI) DILEMMES DE LA PROPRIÉTÉ PRIVÉE”. Private property, as we saw previously, allows you or I to selfishly take advantage of our planet’s generosity towards us and claim ownership of what she bears within her or what she produces spontaneously thanks to the […]

QUESTIONS STILL IN NEED TO BE SOLVED (V) HOW IS THE AMOUNT OF SURPLUS VALUE DETERMINED

May 5th, 2012 by Paul Jorion 1

March 7th, 2012 by Paul Jorion |  An English translation by Jean-Loup Komarower of the post QUESTIONS À RÉSOUDRE (V) COMMENT SE DÉTERMINE LE SURPLUS A set of inputs contribute to the production process: the labour provided by workers, the raw materials used, capital investment. A surplus value arises from this operation, mostly thanks to world ebullition under its two […]

QUESTIONS STILL IN NEED TO BE SOLVED (III) “WORLD EBULLITION” AND PRIVATE PROPERTY

May 5th, 2012 by Paul Jorion 0

An English translation by Jean-Loup Komarower of the post « ÉBULLITION DU MONDE » ET PROPRIÉTÉ PRIVÉE Two questions have to be resolved initially: is new wealth created in the production of goods and services and if it is, how can its amount and value be determined? In addition, are the opposing parties that in our contemporary world […]

QUESTIONS STILL IN NEED TO BE SOLVED (II) PROFIT, THE SOURCE OF ALL OUR ILLS

May 5th, 2012 by Paul Jorion 0

An English translation by Jean-Loup Komarower of the post QUESTIONS À RÉSOUDRE (II) LE PROFIT, SOURCE DE TOUS NOS MAUX Robert Owen (1771-1858) was a Welsh social reformer, one of the founders of the cooperative movement. As a very early socialist who was blamed for being strictly speaking a “communist”, he considered profit as the source […]

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