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Capitalism as Catastrophe

Dissent Magazine, by Mark Engler - A strange contradiction afflicts nonhierarchical social movements. Those activists who are most hesitant to create formal mechanisms for naming leaders give the media the most power to choose their leaders for them. Certainly this has been the case in the globalization movement, where an anarchist ethos has prevailed. Faced with a vast network of affinity groups, spokescouncils, and local organizations, the news media have been desperate to find a few recognizable figures to present as figureheads. They have thrust a handful of writers and intellectuals into the spotlight—one of the most notable being thirty-seven-year-old Canadian journalist Naomi Klein.

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Bring back the link between gold and the dollar

Financial Times - The lesson that must be learnt from this disaster is that “free market” capitalism under a fiat money regime does not produce the same blessings (sustainable prosperity) that are produced by true free market capitalism within a monetary system anchored by gold.

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Obama must show the way

Guardian, by Timothy G. Ash - Many of the essential elements of what is being proposed today can be found in the so-called Acheson-Lilienthal report of 1946, written in part by the nuclear scientist Robert Oppenheimer but soon buried under the rising cold war between the United States and the Soviet Union, which [...]

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Sarkozy’s fiscal meeting raises diplomatic hackles

IHT - President Nicolas Sarkozy of France left the summit meeting on the financial crisis here last weekend in a triumphal mood, declaring that it had tamed the animal spirits of American capitalism. Then he went home and announced that he would hold his own summit meeting in a few weeks in Paris — [...]

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