How to make $200,000,000

Here is a clip of Bono discussing his One and Red organizations on the Daily Show this past Thursday

.http://www.hulu.com/embed/DRZXMmM7nkLKrflG5iv4AA?shared_ad_id=74894

Watch his hand when Jon asks him whats in it for him…..

Slavoj Zizek. Capitalism and Intervention

The nose rubbing and interruptions to the interviewer annoyed me beyond measure. But once I got over that, this guy provides some very interesting critique of the Occupy movement,  the Prague Spring in 1968, traditional politics, democracy and capitalist financial mechanics.

Slavoj Žižek, Ph.D., is a senior researcher at the Institute of Sociology, University of Ljubljana, Slovenia, and a visiting professor at a number of American Universities (Columbia, Princeton, New School for Social Research, New York University, University of Michigan).

“Water Incorporated”

“Today, the future of one of Earth’s most vital resources is being determined by those who profit from its overuse.”

“As the water crisis intensifies, governments worldwide — under pressure from multinational corporations — are advocating the commodification and mass transport of water. Proponents of water privatization say that a market system is the only way to distribute water to the world’s thirsty. But experience shows that selling water on the open market does not address the needs of poor, under-served people.

On the contrary, privatized water is delivered to those who can pay for it, such as wealthy cities and individuals, agriculture and industries. As one resident of New Mexico’s high desert observed after his community’s water was diverted for use by the high-tech industry: “Water flows uphill to money.”

In cities and towns across the Western Hemisphere, results of water privatization have been almost universal: increased prices and a concurrent loss of access to water, failed promises of infrastructure improvement, loss of indigenous peoples’ rights to water, worker layoffs, lack of information on water quality and big profits for the privatizing corporations.”

Full article by Maude Barlow

Occupy Economics!

On November 13th 2011, economists from the University of Massachusetts Amherst drafted an open statement to the Occupy Wall Street movement pledging their support. Since then, more than 250 economists from around the world have added their names. Read more at econ4.org

The quirks of supply and demand in China

China’s manufacturing activity falls to a 32-month low

1 December 2011

“The success of its manufacturing sector has been key to China’s economic growth in the past few years.

However, recent economic problems in two of its biggest export markets – the US and Europe – have raised concerns about whether the sector can maintain its growth pace…

The BBC’s Damian Grammaticas in Beijing said that even though China’s economy was still expanding, the slowdown in the pace of growth was faster than expected.

He said the authorities were now “concerned about how to keep China’s economy from slowing too fast”.

From BBC Business – See the full Article

Meet The World’s Most Expensive Photo

This, ladies and gentlemen, is the world’s most expensive photo. Would you pay $4,338,500 for this? Why would anyone do this?

Go to full story….

Capitalism, pursuit of the pointless?

Nihilism

My last post seems a little to heavy to garner any response, maybe some humor is better suited! 🙂

For those of you unfamiliar with nihilism.