Thursday, 17 August 2017

The Alt-Left Fiasco.


"[R]esentful failsons sweating from video games and chicken fingers, cynical media wannabes, bloviating internet commenters who think they're Ignatius J. Reilly, and others who think they're the Joker". (Sam Kriss).

Who'd have guessed, it seems "Lord Keynes" finally gained a reader outside the English internet intellectual aristocracy. Sam Kriss, writing for Politico:

Tuesday, 15 August 2017

Aussie Brown-Nosed Weirdness.


Australia is a strange country.

Take PM Malcolm Turnbull for instance. Like all Very Serious People, he is a fiscal conservative. So convinced that the Australian Government was running out of money he is that he authorised Centrelink (the federal agency in charge of making social security payments) to issue fake debt notices to former recipients of social security payments.

The Government extorting money from people who owe them nothing? Isn't that libertarians' ultimate no-no? Well, not in Australia, no siree: Turnbull is the federal leader of the Liberal/National Coalition ("libertarian, conservative, centre-right").

Wednesday, 9 August 2017

Happy Anniversary, Capitalism.


Ten years ago, this was the news:

(source)

Next year, after BNP Paribas troubles, the sudden deaths of Countrywide Financial, Lehman Brothers, and Bear Stearns, led the US Federal Government to create TARP (Troubled Asset Relief Program), endowed with US$700 billion, to bailout other moribund financial institutions, plus Chrysler and General Motors. They all were too big to fail. The developed world plunged into depression.

That's one side of the capitalist coin. This is its other side: