Global Meltdown

Riots in Britain: Back to the Future

Exactly thirty years ago Brixton exploded with rage against the de facto occupation of Brixton by the Met police. And, as I write this, all kinds of madness is going down in various parts of London and elsewhere. The Scarman Report was one of the most influential reports in postwar […]

The Ideology of the Loser

Is Not a Winning Strategy The more that we observe our fellow man, the more obvious it becomes that humanity is unable to understand the problems that it causes for itself.  If humans do not have the intellectual capacity to recognize most of their problems as being self-generated, then they […]

US Public Debt: No Solution

On Monday the US Congress has finally approved the new budget agreement allowing the government to increase the borrowing limit by 2012 on $2.4 trillion. The plan also provides for saving of $1 trillion in 10 (ten!) years. Today the US public debt is around $14.5 trillion. The budget deficit […]

EU – Summit on the Titanic’s board

European leaders delayed the Friday’s Summit, two days after the EU Finance ministers reunion did not reach any result on Greece. In addition, the German chancellor, Angela Merkel, was crucial in resisting pressure for a meeting on Friday, arguing that it would be too early to deliver the comprehensive package […]

The Mousetrap (II)

Part 1 As for the post-Soviet Russia on the eve of the 20th anniversary of the Soviet Union’s dismemberment, it does not appear to be in good shape either. Anders Äslund, a Swedish economist formerly influential among the Russia’s “liberal reformers”, noted in late 2009: “The country’s economic performance has […]

The Mousetrap (I)

The coming December will mark the completion of two decades of the post-Soviet era.The anniversary of the destruction of the Soviet Union – the world’s second superpower – is an appropriate moment to venture an integral assessment of the tectonic geopolitical shift which left the international community sinking into chaos […]

Default by Greece and the US

In mid June Alan Greenspan, former Federal Reserve chairman, said a default by Greece is “almost certain” and could help drive the US economy into recession. Greenspan’s loud statement on Greece may be a “sound curtain” to prepare the global community to a default by the US… First – a […]