Back again with the brent oil barrel price

Investors and traders are buying large numbers of oil contracts that would profit from a price super-spike – and a collapse. In a rare and deep split of views, investors and traders are pricing in unusually large “fat tail” risks – low-probability events that have an outsize impact on prices – for next year thatSigue leyendo «Back again with the brent oil barrel price»

The terrible consequences of a eurozone collapse

What happens if the euro collapses? A euro area breakup, even a partial one involving the exit of one or more fiscally and competitively weak countries, would be chaotic. A full or comprehensive break-up, with the euro area splintering into a Greater Deutschmark zone and about 10 national currencies would create pandemonium. It would notSigue leyendo «The terrible consequences of a eurozone collapse»

Historical context of the Commons

«Earth, water, air and fire (what we would call, in contemporary terms, energy) have, for thousands of years, been considered primary elements and the common base materials of life, ever since the dawn of Western philosophical thought in ancient Greece. In the Metamorphosis by Ovid – a classic of Latin literature written more than twoSigue leyendo «Historical context of the Commons»

The commons are vital to a sustainable economy

Since the first limited liability companies – the Dutch and British East India Companies – were formed, we have seen the kidnapping and enslavement of 20–60 million African people and the rape, murder and exploitation of indigenous people around the world. Colonisation was primarily about mercantile empires, not political ones. It was all about forcingSigue leyendo «The commons are vital to a sustainable economy»

Una buena definición del fascismo que viene

Written by Chuck Anesi: Fascism is a form of political and social behavior that arises when the middle class, finding its hopes frustrated by economic instability coupled with political polarization and deadlock, abandons traditional ideologies and turns, with the approbation of police and military forces, to a poorly-defined but emotionally appealing soteriology of national unity, immediate and directSigue leyendo «Una buena definición del fascismo que viene»

Does property have properties?

“Thus begins an inquiry on the meaning of value in economic philosophy. This series of articles will attempt to reconceptualize the social and natural order of economics through an analysis of the commons—the natural, genetic, physical, social, cultural and intellectual resources which people manage by negotiating their own norms and rules. (For brevity’s sake, PartSigue leyendo «Does property have properties?»