Daily Archives: December 9, 2019

The Real Adam Smith: Morality and Markets

Free To Choose Network

Mar 28, 2016

The Real Adam Smith: A Personal Exploration by Johan Norberg, takes an intriguing, two-part look at Smith and the evolution and relevance of his ideas today, both economic and ethical. It’s difficult to imagine that a man who lived with horse drawn carriages and sailing ships would foresee our massive 21st century global market exchange, much less the relationship between markets and morality. But Adam Smith was no ordinary 18th century figure. Considered the “father of modern economics,” Smith was first and foremost a moral philosopher. The revolutionary ideas he penned in The Wealth of Nations and The Theory of Moral Sentiments, changed the world. Morality and Markets is the first hour, which takes an intriguing look at Smith, his background and the evolution of his ideas, both economic and ethical. Norberg travels Europe to locales where Smith was born, educated and spent his life teaching, writing and advocating his revolutionary ideas on markets and human morality.

How the rich get richer – money in the world economy | DW Documentary

DW Documentary

Jul 5, 2017

Exploding real estate prices, zero interest rate and a rising stock market – the rich are getting richer. What danger lies in wait for average citizens?

For years, the world’s central banks have been pursuing a policy of cheap money. The first and foremost is the ECB (European Central Bank), which buys bad stocks and bonds to save banks, tries to fuel economic growth and props up states that are in debt. But what relieves state budgets to the tune of hundreds of billions annoys savers: interest rates are close to zero.

The fiscal policies of the central banks are causing an uncontrolled global deluge of money. Experts are warning of new bubbles. In real estate, for example: it’s not just in German cities that prices are shooting up. In London, a one-bed apartment can easily cost more than a million Euro. More and more money is moving away from the real economy and into the speculative field. Highly complex financial bets are taking place in the global casino – gambling without checks and balances. The winners are set from the start: in Germany and around the world, the rich just get richer. Professor Max Otte says: “This flood of money has caused a dangerous redistribution. Those who have, get more.” But with low interest rates, any money in savings accounts just melts away. Those with debts can be happy. But big companies that want to swallow up others are also happy: they can borrow cheap money for their acquisitions. Coupled with the liberalization of the financial markets, money deals have become detached from the real economy. But it’s not just the banks that need a constant source of new, cheap money today. So do states. They need it to keep a grip on their mountains of debt. It’s a kind of snowball system. What happens to our money? Is a new crisis looming? The film ‘The Money Deluge’ casts a new and surprising light on our money in these times of zero interest rates.

Masters of Money Karl Marx


Jan 30, 2016

Stephanie Flanders examines one of the most revolutionary and controversial thinkers of all. Karl Marx’s ideas left an indelible stamp on the lives of billions of people and the world we live in today. As the global financial crisis continues on its destructive path, some are starting to wonder if he was right. Marx argued that capitalism is inherently unfair and therefore doomed to collapse, so it should be got rid of altogether. Today as the gap between rich and poor continues to cause tension, his ideas are once again being taken seriously at the heart of global business. Stephanie travels from Marx’s birthplace to a former communist regime detention centre in Berlin and separates his economic analysis from what was carried out in his name. She asks what answers does Marx provide to the mess we are all in today.

Can the trauma of colonialism be inherited? | The Stream

Al Jazeera English

Scheduled for Dec 10, 2019

Can the pain our ancestors lived through be inherited? Some researchers say yes. The growing study of epigenetics has found that the experiences of those who went before, such as trauma, can leave a mark on your genes. The phenomenon was first studied by scientists who discovered that children who were exposed to the Dutch Hunger Winter of 1944 – 1945 later showed differences in health to the general population, including higher than average body mass. Since then, it has been widely studied in the descendants of Aboriginal groups in Australia and in First Nations Tribes in Canada who have experienced years of colonisation, upheaval and trauma. Common symptoms include poor health, fear and anxiety, substance abuse, violence and suicide. There are critics, though, who say the science is not solid and that the evidence is anecdotal, at best. But, as the debate continues, a movement is developing focused on healing intergenerational traumas and breaking the cycle. In the second programme of our series on colonialism, we’ll look at the study of epigenetics, the debate around it and how – or whether – generational healing is possible for colonised populations.

Trump’s EPA Attacks Our Clean Water


Dec 9, 2019

Watch more videos from the Sierra Club: https://www.youtube.com/user/National…
The Sierra Club is the most enduring and influential grassroots environmental organization in the United States. We amplify the power of our 3.5+ million members and supporters to defend everyone’s right to a healthy world.

Climate change: 1.9 billion people rely on natural ‘water towers’ – BBC News

n a unique study, scientists have assessed and ranked the importance of Earth’s great “water towers”.

These are the 78 mountainous regions that are able to generate and then store vast quantities of water.

They deliver it in a controlled way to major populations living downstream.

The Dutch-led team finds Asia’s Indus basin – fed by the Himalayan, Karakoram, Hindu-Kush, and Ladakh ranges – to be the most important storage unit on the planet.

Its waters, produced at high elevation from rain and snow, and draining from lakes and glaciers, support more than 200 million people settled across parts of Afghanistan, China, India and Pakistan.

But the Indus water tower, the researchers point out, is also the most vulnerable on their list of 78.

…(read more).

At Major March in Madrid, Indigenous & Youth Activists Slam Global Leaders for Climate Inaction

Democracy Now!

Dec 9, 2019

We broadcast from Madrid, Spain, where the 25th United Nations climate conference is in its second week and representatives from almost 200 countries have gathered for the final days of negotiations. The summit — known as COP25, or conference of parties — has so far focused on meeting the 2015 Paris Agreement to limit global temperature rise to “well below 2 degrees Celsius,” or 3.6 degrees Fahrenheit. But climate scientists say the talks are failing to produce the drastic measures necessary to address the climate crisis. Since the Paris Agreement four years ago, greenhouse gas emissions have risen by 4%, and this year’s summit shows no sign of arresting that trend. On Friday, as hundreds of thousands prepared to take to the streets of Madrid in protest, Swedish climate activist Greta Thunberg told reporters that the global climate strikes have “not translated into action” by governments. Protesters then marched through Madrid’s city center Friday night in a massive climate demonstration led by indigenous leaders and youth activists. Democracy Now! was there in the streets.

See related:


Shell, ExxonMobil, Chevron & BP Could Be Legally & Morally Liable for Climate Crisis in Philippines

Democracy Now!

Dec 9, 2019

The Commission on Human Rights of the Philippines has just determined that 47 major companies, including Shell, ExxonMobil, Chevron, BP and Total, could be found legally and morally liable for human rights harms to Filipinos resulting from climate change. The commission found the companies could be held accountable under civil and criminal laws. Climate activists have hailed the decision as a landmark victory for climate justice. According to Greenpeace, this marks the first time big polluting companies have been found responsible for human rights harms resulting from the climate crisis. We speak to Yeb Saño, executive director of Greenpeace Southeast Asia and the former chief climate negotiator for the Philippines.

See related:

Hundreds of Thousands March in Madrid as COP25 Enters Second Week

Here in Madrid, hundreds of thousands of people took to the streets Friday night to demand swift action to halt the climate crisis, as the 25th U.N. climate conference heads into its second week. Then, on Saturday, hundreds of activists with Extinction Rebellion blocked the emblematic shopping strip of Gran Vía by dancing disco in the middle of the street. This is protester Saúl Flores.

Dec 09, 2019

Saúl Flores: “We want them to say the truth about the climatical crisis. We want them to reduce the emissions of the gases to zero net by 2025. And we also want them to create citizenship assemblies. And now what we want is that we want that this is the last COP without results.”

And just as we went to broadcast today, eight activists staged a die-in in front of the COP protesting the presence of polluting corporations like Endesa — Spain’s biggest greenhouse gas emitter — at the U.N. climate summit. When Democracy Now! tried to interview the protesters, one crew member was manhandled by the Spanish police and threatened with arrest. The Spanish police also broke up a toxic tour on Saturday, where activists were calling attention to Endesa, Santander and other companies that either pollute or fund fossil fuel companies.

These protests come as tens of thousands more people in the Philippines were forced to evacuate their homes amid some of the worst flooding in decades. The monsoon rains have been intensified by Typhoon Kammuri, which hit the Philippines last week, killing at least 17 and forcing a half a million people to evacuate their homes. Increased rainfall and more powerful typhoons have been linked to climate change.

And in more climate news, the International Union for the Conservation of Nature warns climate change is driving the oxygen out of the oceans at an “unprecedented rate,” threatening many species of fish, including tuna, marlin and sharks.

See related:


Lily Cole supports Extinction Rebellion hunger strikers outside the Conservative Party HQ

Extinction Rebellion

Dec 9, 2019

‘When I learnt they had been here for over three weeks and not one member of the Conservative leadership or MPs had come out to speak to them, just to speak to them, I thought it’s not acceptable, not acceptable in a democratic country’ Lily Cole See the Three Demands Bill HERE: https://drive.google.com/file/d/1dXZi… Read a copy of the letter delivered to all UK party leaders HERE: https://docs.google.com/document/d/1I…

‘When I learnt they had been here for over three weeks and not one member of the Conservative leadership or MPs had come out to speak to them, just to speak to them, I thought it’s not acceptable, not acceptable in a democratic country’ Lily Cole

See the Three Demands Bill HERE: https://drive.google.com/file/d/1dXZi

Read a copy of the letter delivered to all UK party leaders HERE: https://docs.google.com/document/d/1I

Humanity is at a crossroads with an unprecedented Climate and Ecological Emergency. Our country too is at a crossroads with a historic General Election. Here in the UK, we join in the Global Hunger Strike by demanding our political leaders act now on the crises we are facing. This is no ordinary General Election. This is the mother of all UK General Elections! This is the Climate Election!

With our hunger strike, we are calling for a change in business as usual, for any new Government to make the Climate & Ecological Emergency its highest and most fundamental responsibility . This is our opportunity to make clear to Parliament and Government that we will not stand by this flagrant dereliction of duty to the basic subsistence and survival needs of the people of this country.

Through our hunger strike we stand in humble solidarity as we learn to feel what the Global South has been facing for centuries. The risks that their communities families and children have been facing as a daily trauma are now becoming the risks to our communities families and children in Europe too.

Through our hunger strike we demand a “Politics of Humility” from our politicians, to demand our Parliament to show more humility towards its duties to its citizens rather than being entranced by power, influence and ideologies.

Find more about the XR Global Hunger Strike HERE: https://Rebellion.Global/newsletters/

Filmed outside the Conservative Party HQ in London 09.12.2019 by Jamie Lowe (jamielowe)

Find more about the XR Global Hunger Strike HERE: jamielowe)