News Kontent: Storm Cloud at the Global Bazaar?

22 February 2007

Storm Cloud at the Global Bazaar? - washingtonpost.com

Robert J. Samuelson - Storm Cloud at the Global Bazaar? - washingtonpost.com: "Global finance is mysterious, exciting and sometimes reckless. A specter now haunts it -- the specter of excess 'liquidity.' Will this prove a passing anxiety or, as in 1997 and 1998 with the Asian financial crisis, will it threaten the stability of the entire global economy? Good question."

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A ship should not ride on a single anchor, nor life on a single hope.

Fortify thyself with contentment: that is an impregnable stronghold.

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Epictetus

The first and greatest victory is to conquer yourself; to be conquered by yourself is of all things most shameful and vile.

Plato

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R. G. Collingwood ~An Essay on Philosophical Method, 15.

Civilisation came through two things chiefly: the home, which developed those social dispositions that form the psychological cement of society; and agriculture..... But it was woman who gave man agriculture and the home; she domesticated man as she had domesticated the sheep and the pig. Man is woman's last domestic animal, and ....the last creature that will be civilised by woman. The task is just begun.

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Great perils have this beauty, that they bring to light the fraternity of strangers.

Victor Hugo

What we now suffer in economics is a hardness of intellect, a meanness of spirit, a narrowness of vision and a rigidity of thinking that utterly distorts the role of what economics in our society should be. Instead of economics being our tool for societal advancement, happiness, health, and sustainability, the profession has lost its way in econometrics, neo-liberal cant and equlibrium theory. It has become little more than cheerleaders to our enslavement to a towering edifice of debt, consumption and greed and the mouthpiece of vested interests. Unless repudiated we face not only economic but soceitial and ecological collapse. KMcKern ~ News Kontent