KICK NEO-LIBERALISM INTO TOUCH. #CORBYN4PM THE ARGUMENT FROM POLITICAL ECONOMY AND HISTORY. #GE2017
A WELL HUNG PARLIAMENT SIGNIFIES VIRILE DEMOCRACY.
THE STAGNATION OF SOCIAL TECHNOLOGIES. ( POST BREXIT ANXIETY ELIXIR!)
Sunday, 26 June 2016
WILLIAM GOODWIN, SHELLY AND THE STAGNATION OF SOCIAL TECHNOLOGIES. ( POST BREXIT ANXIETY ELIXIR!)
Paul Foot wrote this wonderful piece in the International Socialist review I read it several years ago and in all the furore of Post-Brexit Angst, I revisited it today. http://www.isreview.org/issues/46/shelley.shtml
Reading the notes this reprinted article from Godwin's enquirer took my eye. One always finds so much more to read. Please take some time if you have any when you are done to, visit my own Epic Poem, Usury Hells Fuel and Mans oppressor.
and more of my own poetry can be found at this link.
Percy Bysshe Shelley 1813
Queen MabA Philosophical Poem (in 9 parts)V. Page 37.
hence it follows,
that, to subject the labouring classes to unnecessary labour,
is wantonly depriving them of any opportunities of intellectual
Improvement; and that the rich are heaping up for
their own mischief the disease, lassitude, and ennui by
which their existence is rendered an intolerable burthen.
true pension-list is the rent-roll of the landed proprietors:
they demand from us but a slender portion of industry. If
wealth is a power usurped by the few, to compel the many
to labour for their benefit. The laws which support this
system derive their force from the ignorance and credulity
of its victims: they are the result of a conspiracy of the
few against the many, who are themselves obliged to
purchase this pre-eminence by the loss of all real comfort.
The commodities that substantially contribute to the sub-
sistence of the human species form a very short catalogue,
these only were produced, and sufficiently produced, the
life, may be devoted to the cultivation of the understanding,
species of man would be continued.
SAME OLD TORIES SAME OLD NEO-LIBERALISM.THEY ARE NOT CONSERVATIVES!
BIS Working Papers No 444 Reforming the international monetary system in the 1970s and 2000s: would an SDR substitution account have worked? by Robert N McCauley and Catherine R Schenk Monetary and Economic Department March 2014
Gaian Democracies: Redefining Globalisation People-Power
What does the historical record suggest about the current proposals to reform the international monetary system? 1 Catherine R. Schenk University of Glasgow
At the end of the Second World War, it was clear that the US dollar would be the dominant international currency in any global economic reconfiguration, and this became the core of the Bretton Woods system. Most rich countries pegged their currencies to the USD, while the US alone valued its currency directly in gold. Nevertheless, there continued to be a role for a secondary international currency to be used as a reserve asset, anchor currency and as a currency of settlement because the supply of USD assets and gold was restricted in the immediate post-war period by US balance of payments surpluses. The system thus assumed that more than one major reserve currency could operate at the same time over a prolonged period. In the 1950s the sterling area (35 countries and colonies pegged to sterling and holding primarily sterling reserves) accounted for half of world trade and sterling accounted for over half of world foreign exchange reserves. In the early post-war years, this share was even higher – the IMF estimated that official sterling reserves, excluding those held by colonies, were four times the value of official USD reserves and that by 1947 sterling accounted for about 87% of global foreign exchange reserves.
Nowadays, to reduce the USD share of global reserves would require a huge amount
of any new reserve asset: even after recent allocations SDRs now comprise only about
4% of total international reserves. Proposals to supplement rather than replace
existing reserves require the SDR to be as attractive as USD in terms of liquidity,
value and returns, but this poses a huge burden on the USA if they have to finance this
through a liability to the Fund. Holders of SDRs must have confidence in their
liquidity (marketability, acceptability by all countries, convertibility to USD as well
as other currencies) that will require a huge multilateral commitment to develop the
market for SDR. The C20 of the 1970s also provides lessons for the process of
reform. There was a clear trade-off between efficiency in policy-making and the
breadth required for legitimacy of any emerging proposals. Similar challenges will
affect the Group of 20 as it adopts more policy-making responsibilities. In the 1970s,
reform proposals were over-run by market solutions that reduced the need for
precautionary reserves. Rather than focusing on how to manage such huge imbalances
today, the emphasis might instead be on how to reduce the incidence of (or provide
other forms of insurance for) the sudden stops that encourage the accumulation of
meet the new boss
By process of elimination, it is clear that the dollar will remain the
principal form of international reserves well into the future. It will not
be as dominant as in the past, for the same reasons that the United
States will not be as dominant economically as it once was. In the
short run, the euro will gain market share, especially in and around
Europe. In the longer run, the renminbi’s role will also grow, especially
in Asia. But for as far as one can see clearly into the future, the dollar
will remain first among equals.
The Dollar Dilemma
foreign affairs . September / October 2009 [67
The Oligarchy was firmly secured by the Bankers in the 2008 ´´Crash´´. The Petrodollar sword of Damocles has haunted every US president since Gerald Ford and it is clear from published documents and correspondence that the Monetary System and Banking have been elevated to an importance above democracy and Laws. President Trump would have had some idea of the generality of the question as many do but only those who put on the shoes of A president or World leader will be made aware of the full picture, the rest of us can only guess as to what exactly is causing the successive apparent loss of all humanity and reason when office is assumed ( I must confess I felt this more acutely when it happened to Obama) . I have been reading the Pearson and Brandt Commission reports the past few days following up on a reference to the Committee of Twenty in the 1973 Bilderberg Minutes.
https://en.wikipedia.org/wiki/Brandt_Report the follow up to the Brandt report is a report called the Brandt Equation.
The Brandt Equation was written by this Guy James Quilligan http://wiki.p2pfoundation.net/James_Quilligan
Who´s work is fascinating and I will be reading more of his work.
This paper of Quilligans is very good although the Language is too Jargony for it to truly blossom and gain traction ( in my opinion, at any rate, the style does not resonate with me)) in a wider readership, this is a shame.
My own intentions in this reconnoiter over the past 15 months Brexit scribblings are not of course purely altruistic. My Novel ´The Conquest of Dough has been waiting for the Full Stop of the Trump presidency, the inauguration was a key event the other will be the debt ceiling scheduled some time in June? when the 20 Trillion dollar of debt mark is hit and that silly old charade of the ´´Fiscal Cliff++ will undoubtedly be played again, to my own yawns and the Corporate Medials squeals of indignation no doubt.
Le Pens designs on La Belle Francais and Mr Wilders intrigue with the Electorate of the Netherlands are of course all set to provide some more drama in the Affairs of our Lovely Elysium. But the page of history has already turned and the Paradigm
The Cutting is from my press cutting book, I am one of the fortunate ones. I received a grant aided education in Comprehensive, and for A levels at the Colchester Institute where I went back to take my A Levels after leaving home and having dropped out of the sixth form. Incidentally one of my A Level Law Lecturers was Mike O´Brien a Junior Home office minister in the naughties New Labour Government, but at that time 1982, was a Law Lecturer at The Colchester Institute. But that's another story.#Champagnesocialist #Bonviveurs4Corbyn#PoshBoys4Corbyn #Socialismcanbe4Toffs2pic.twitter.com/kVcWbfw3Lu— Roger Glyndwr Lewis (@RogerGLewis) August 9, 2016