Barca vs Real
or
US economy vs Chinese economy
or
Agorocracy vs Democracy
or
Markets vs Euro
etc?
In the following video (in vlog format, 2 mimutes 33 seconds) I am making some analogies between sports and economic and political competitions that are "on" these days:
Showing posts with label agorocracy. Show all posts
Showing posts with label agorocracy. Show all posts
Thursday, August 18, 2011
Wednesday, May 18, 2011
Democracy vs Financial Agorocracy and the value of understanding Finance!
Today I read an article which is probably the best analysis of EU, especially Eurozone systemics & dynamics I have read in years:
"Eurozone design and management failures", by Guillermo de la Dehesam chairman of the CEPR in Vox, May 18, 2011
It prompts me to ask the question: Is one to conclude that leaders and policy makers lack an understanding of Finance?
The thorough analysis - review of major EU/Eurozone decisions in recent times by Guillermo de la Dehesa makes one wonder to what extent European leaders (Merkel et al) and their policy advisers understand Finance! An alternative explanation could be that they have a primal fear or inability to communicate/explain to their electorates what needs to be done, hence do or not do what needed/needs to be done as, as the chairman of CEPR so eloquently explains in this article in the Vox.
So in the struggle for power over our lives and socio-economic and other systemics that has been on for some years now (see eg my vlog "Agorocracy and Democracy), who is going to provide the agents of Democracy with at least adequate understanding of the systemics and workings of global finance, in order for Finance to move/be regulated back to its original role (ie as a support to real economy instead of the real economy supporting finance and financial agorocracy vying for power over Democracy?
Finally, are the current systemics of the global financial markets understood even by most financiers? Have the financial markets become a runaway train?
"Eurozone design and management failures", by Guillermo de la Dehesam chairman of the CEPR in Vox, May 18, 2011
It prompts me to ask the question: Is one to conclude that leaders and policy makers lack an understanding of Finance?
The thorough analysis - review of major EU/Eurozone decisions in recent times by Guillermo de la Dehesa makes one wonder to what extent European leaders (Merkel et al) and their policy advisers understand Finance! An alternative explanation could be that they have a primal fear or inability to communicate/explain to their electorates what needs to be done, hence do or not do what needed/needs to be done as, as the chairman of CEPR so eloquently explains in this article in the Vox.
So in the struggle for power over our lives and socio-economic and other systemics that has been on for some years now (see eg my vlog "Agorocracy and Democracy), who is going to provide the agents of Democracy with at least adequate understanding of the systemics and workings of global finance, in order for Finance to move/be regulated back to its original role (ie as a support to real economy instead of the real economy supporting finance and financial agorocracy vying for power over Democracy?
Finally, are the current systemics of the global financial markets understood even by most financiers? Have the financial markets become a runaway train?
Saturday, February 26, 2011
Is the Euro or the global financial system the one in crisis?
Policy:
The solution to the Euro crisis" is IMO neither an exit of any member from the Eurozone or any "haircut"! The solution is Economic & Political (i full) union of the EU or the Eurozone!
Why?
In the last few years what we have actually seen the failure of the global financial system, not of the Euro!
Only a fully united EU or Eurozone can lead to Democracy over Financial Agorocracy result.
Europe must lead in this "revolution"!
The solution to the Euro crisis" is IMO neither an exit of any member from the Eurozone or any "haircut"! The solution is Economic & Political (i full) union of the EU or the Eurozone!
Why?
In the last few years what we have actually seen the failure of the global financial system, not of the Euro!
Only a fully united EU or Eurozone can lead to Democracy over Financial Agorocracy result.
Europe must lead in this "revolution"!
Wednesday, June 9, 2010
Wednesday, May 19, 2010
The German market plunge: An episode in Agorocracy vs. Democracy
The "plunge" in the German market after the short selling ban (see DW English news report) is IMO but a new episode in the "war" between Democracy and Agorocracy that I described in my guest article in the New Europe magazine ("May 7-13, 2010: A Game Changer week?") last Monday (written May 14).
Sunday, May 9, 2010
May 9, 2010: The Day when ....
"We now see herd behavior in the markets which are wolfpack behaviours & if we will not stop these packs they will tear the weaker countries apart" - Swedish finance minister Anders Borg, May 9, 2010.
It seems that both Europe & US have decided to separate the wolves from the philosopher financiers (see comparison with Plato's "philosopher kings").
Europe's "reply" to the speculators, this weekend, is of historic proportions. Will it be enough to contain the wolves, the Gollums and the zombies and separate them from the healthy parts of the global Financial system? We shall see.
It seems that both Europe & US have decided to separate the wolves from the philosopher financiers (see comparison with Plato's "philosopher kings").
Europe's "reply" to the speculators, this weekend, is of historic proportions. Will it be enough to contain the wolves, the Gollums and the zombies and separate them from the healthy parts of the global Financial system? We shall see.
Saturday, May 8, 2010
Democracy vs Agorocracy
Which are these forces and systemics that are referenced by the generic term "financial markets"?
IMO, "financial markets" are a complex system that does not have a "spokesperson" and its actions, that are in effect the "cumulative effect" from various different actions in different directions, do not constitute a "directive" for the social, political, policy and non-financial economic and business aspects of this world.
Unless we agree that Democracy has given its place to a new system of governance, Agorocracy (meaning "rule of the markers") and more specifically "Chrimatagorocracy" (rule of the financial markets). I do not think that we can agree to that.
No matter how imperfect politics and Democracy can be, politics cannot surrender their role to non-political forces.
IMO, "financial markets" are a complex system that does not have a "spokesperson" and its actions, that are in effect the "cumulative effect" from various different actions in different directions, do not constitute a "directive" for the social, political, policy and non-financial economic and business aspects of this world.
Unless we agree that Democracy has given its place to a new system of governance, Agorocracy (meaning "rule of the markers") and more specifically "Chrimatagorocracy" (rule of the financial markets). I do not think that we can agree to that.
No matter how imperfect politics and Democracy can be, politics cannot surrender their role to non-political forces.
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