What is most likely to happen in the next week is a default of Greece. That means the country will be officially bankrupt. This is the news that makes all main headlines lately. But despite that Greece has been a main discussion topic over the last years very few people seem to understand what is going on and what are the real stakes.
Like with almost all main discussion topics people are fed with crap that suites one side or the other without even touching the surface of the real game that’s going on.
Be careful of what you are wishing for because it might come true. Europeans will learn it the hard way.
The top economic and geopolitical story of the last week is the cancellation of the South Stream gas pipeline project that had to directly connect Southeastern and Central Europe with Russia through the Black sea.
Apparently the project was closed by the Russian side after years of negotiations and preparation because they couldn’t come to an agreement with all of the participants from the European side. Instead Russia will build a gas pipeline to Turkey, signed and announced.
The economic sanctions against Russia are a popular issue. Officially, they are meant to punish Russia for the situation in Ukraine. This is pretty hypocritical as long as US private military companies are present in Ukraine (not Russian) and the Nazi junta is killing a lot of civilians in Ukraine’s south-east regions with the blessing of the West. The sanctions have a different goal which can be explained through the geopolitical interests of the elites with Euro-Atlantic orientation.
Apologists of capitalism claim that this system is the one that allows the individual to fulfil itself. This is true only in the dreams of liberal visionaries because capitals crossed the borders of countries long ago and became transnational. In real life, capitalism is the system that robs countries, ignites wars and enslaves other nations. This happens because capitalism is not meant to provide conditions for you to fulfil yourself, but to increase capitals for their own sake.
Mikhail Khazin is Russian economist, socially active person and president of the expert consulting company “Neocon”. Khazin is famous for his exact prognoses about the present financial crisis. Here is our translation of one of his video monologues that was published by Russia.ru in 2009. Although the video was made five years ago, its actuality is indisputable.
Libertarianism, or the concept that liberty is the highest political end, is a fashionable economic philosophy. It is based on an excessively credulous understanding of the term freedom.
Libertarians organize training seminars to repeat just like sectarians that regulating economy, ”aid to the poor” programs and paying taxes are all bad. We all like the part about taxes, but let us give you an explanation why libertarianism is just a naive belief.
John Maynard Keynes (1883-1946) was a prominent British economist whose theories affected macroeconomic policies in many countries around the world. Keynesian economics worked in colonialist countries before the establishment of neo-liberal policies.
Many think that the revival of Keynesianism is a way to beat the crisis but the existence of this economic model is impossible in the present. Here is an explanation why.
Marxism seems to be popular again. In 2008, at the time of the financial meltdown, Karl Marx’s masterpiece Das Kapital was reissued in Germany by the academic publisher Karl-Dietz-Verlag and became a bestseller. A manga comic based on the book was created in Japan and it became a bestseller, too. In 2011, the prominent British intellectual Terry Eagleton came up with the title Why Marx Was Right. Evidently, Marxism is undergoing an unexpected at first sight reassessment. Here is an explanation why.
Germany won recognition as the most powerful economy in the European Union. Chancellor Merkel managed to turn the EU into a German project and managed to do what generations of German politicians did not – get Europe under control. What is more, all this happened without firing a single shot in Europe. Nevertheless, there is a risk for Germany to lose its political supremacy if the EU collapses and this makes the most powerful country in Europe a hostage of world banking elite.