Socialism a century ago seemed to be the wave of the future. There were various schools of socialism, but the common ideal was to guarantee support for basic needs, and for state ownership to free society from landlords, predatory banking and monopolies. In the West these hopes are now much further away than they seemed in 1917. Land and natural resources, basic infrastructure monopolies, health care and pensions have been increasingly privatized and financialized.
Instead of Germany and other advanced industrial nations leading the way as expected, Russia’s October 1917 Revolution made the greatest leap. But the failures of Stalinism became an argument against Marxism – guilt-by-association with Soviet bureaucracy. European parties calling themselves socialist or “labour” since the 1980s have supported neoliberal policies that are the opposite of socialist policy. Russia itself has chosen neoliberalism.
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It is genuinely amazing that so many economists and investment professionals continue to promote ‘business as usual’ investment advice. Their clients will surely pay a steep price for this ‘head in the sand’ approach to investing.
As most of you know much of our current law was based on English case law. Hence, this was the Royal Mint’s disposition of counterfeiters and forgers. The methods employed for carrying out the death penalty are appropriate even today.:
An Australian millionaire and real estate mogul has advice for millennials struggling to purchase a home: stop buying avocado toast.
Millions of American’s lost their retirements and savings in the devastating crashes of the 1930’s and again in 2008. What do you think will happen when the economy collapses again?
There are all sorts of positive fundamentals when it comes to the price of gold. There are the positive supply/demand fundamentals. The gold market is in a supply deficit. Mine reserves are at a 30-year low. The price of gold is below what is necessary to sustain the gold mining industry.
The stock market is zooming this morning (9/11/17) on the news that only 5.7 million people in Florida will have to do without air conditioning, hot showers, and Keurig mochachinos at dawn’s early light Monday, Sept 11, 2017. I’m mindful that the news cycle right after a hurricane goes kind of blank for a day or more as dazed and confused citizens venture out to assess the damage. For now, there is very little hard information on the Web waves. Does Key West still exist? Hard to tell. We’ll know more this evening.
It’s predictable…
