Neoliberalism, Brexit (and Bernie)

BORUMP-1

John Quiggin (previously) delivers some of the most salient commentary on the Brexit vote and how it fits in with Syriza, Podemos, Jeremy Corbyn, Bernie Sanders (etc) as well as Trump, French neo-fascists, and other hypernationalist movements. Read the rest

Banks confront negative interest rates with plans to store titanic bundles of money on-site

20150908_concain3

The world's central banks, freaked out about huge leverage by financial institutions and borrowers and unwilling to engage in economic stimulus themselves, have been moving interest rates lower and lower, until now, many banks are offering negative interest rates, meaning that buying $100 worth of treasury bills today will return $99 in cash tomorrow -- hoping that this will incentivize banks to issue enough loans to make up for politically impossible governmental fiscal stimulus. Read the rest

After a coup, a judgment: Brazil's "interim president" barred from holding office for 8 years

Michel_Temer_president

Last month, a controversial political machination at the top levels of Brazil's government saw the removal of its elected left-wing president, Dilma Rousseff, and her replacement with an appointed, neoliberal "interim president" President Michel Temer, who has now been convicted of committing election fraud and barred from holding elected office in Brazil for 8 years. Read the rest

What is neoliberalism?

056c026d-1c66-4d42-9fae-a8e96df290c5-1020x1034

As recently as a couple years ago, using the word "neoliberalism" here on Boing Boing would inevitably provoke an outraged comment from someone who wanted to know why we were "liberal-bashing." Though the term was a little more widely used in Europe than in the USA, it still pretty obscure there. That obscurity is the ideology's strength. Read the rest

STUCK: Public transit's moment arrives just as public spending disappears

056c026d-1c66-4d42-9fae-a8e96df290c5-1020x992

More Americans are riding public transit than ever before, and not a moment too soon, because between oil's direct and indirect costs, climate change, the expense of roadworks, and the scaling problems of private cars, the increasingly urbanized nation needs something to keep its cities from imploding under the logistical challenge of getting everyone everywhere. Read the rest

Watch: tone-deaf manager announces layoffs to 1400 Carrier Air Conditioner workers whose jobs are moving to Mexico

animation (1)

In this video, employees at the Carrier Air Conditioner factory in Indianapolis are gathered together by a manager who explains that the company's profit-margins dictate that all 1400 of them will lose their jobs as their factory is moved to Mexico. Read the rest

Austerity Robin Hood: a billionaire who takes from "scroungers" and gives to "hardworking people"

animation

A beautiful essay in the London Review of Books traces the twists and turns of the Robin Hood story over time, to the era of austerity, where "robbing from the rich and giving to the poor" takes on a completely different complexion. Read the rest

Australia, the driest country on Earth, eliminates basic climate science research

giphy

Virtually all the climate scientists working at Commonwealth Scientific and Industrial Research Organisation -- Australia's answer to NASA -- have been fired or moved out of climate research. Read the rest

Michael Moore: Flint needs a revolution, not bottled water

michael

Michael Moore, perhaps Flint, MI's most famous son, has written an open letter to people who are heartsick at the thought of a whole generation of mostly poor, mostly black children being given permanent brain damage through lead poisoning, thanks to the deliberate indifference of the state's Republican administration and the greedy people who elected them. Read the rest

The surveillance business model goes to war against the FTC

500px-Three_Card_Monte

You may have noticed a surge of articles criticizing the Federal Trade Commission for its innovation-stifling, headline-chasing, out-of-control attacks on business. The timing of these articles, op-eds and jeremiads isn't an accident. Read the rest

Australian PM Tony Abbot ousted in own-party coup

Australia's Liberal Party voted out its own leader, Prime Minister Tony Abbott, and replaced him with Malcolm Turnbull. Read the rest

BBC fires UK government's Meterological Office, opens up weather prediction to global firms

It's a complex story -- partly about the Beeb facing privatisation and being required to bid out its work; partly about the Met having made some spectacular recent blunders in providing the weather. Read the rest

America's terrible trains are an ideological triumph

America's trains suck on purpose: "Ride a fast train to Washington today and you’ll start thinking about national health insurance tomorrow." Read the rest

British austerity: a failed experiment abandoned by the rest of the world

Writing in the Guardian, Nobel-winning economist Paul Krugman analyses the last five years of British austerity, using other developed nations in the EU and elsewhere as a benchmark for the growth we could have had -- it's not a pretty picture. Read the rest

World War 3 Illustrated: prescient outrage from the dawn of the Piketty apocalypse

The Reagan era kicked off a project to dismantle social mobility and equitable justice began. This trenchant, angry, gorgeous graphic zine launched in response.

Grim meathook future, Singapore style

Charlie Stross's "Different Cluetrain" is a set of theses describing the future we live in, where capitalism not only doesn't need democracy -- it actually works better where democracy is set aside in favor of a kind of authoritarian, investor-friendly state. Read the rest

The Tory war on science in Canada: a chronology

Nine years of cuts; muzzlings; bad science, retaliatory firings, burned libraries, layoffs, closed investigations, censorship, withdrawal from international accords; Read the rest

More posts