Posts Tagged ‘capitalism’

Kevin Carson on the utopian silliness of statism.

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Specifics of its agreement with the government reveal BP PLC has not agreed, as is widely reported, to set aside a $20bn escrow fund for the Deepwater Horizon explosion that flooded the Gulf of Mexico with millions of barrels of oil. CNN reported Tuesday morning that University of South Florida researchers are calling the floor of the Gulf “a constellation” oil, based on preliminary observations of images (10:47):

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News and views from around the web posted to the Wonderland Wire:

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Julian Assange posted a complete answer to the question he’s frequently asked: Do we need WikiLeaks and why? He holds back no punches and points the finger at conspirators who create the need for reasonable skepticism and authoritarians who create the need for light-bearers.

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Of the $9.1bn allocated to the Pentagon for development in Iraq, $8.7bn is not ‘properly accounted for’—$2.6bn for which there are no records at all—according to a audit by the Spc.I.G. for Iraq reconstruction. “The report also said the U.S. military continues to hold at least $34.3 million of the fund, even though it was required to return it to the Iraqi government in December 2007,” Ernesto Londoño reported last week at The Washington Post after stating: “U.S. officials failed to create bank accounts for $8.7 billion in the Development Fund for Iraq, as mandated by the Department of Treasury”.

“Inside Story”, hosted by Mike Hanna at Al Jazeera English, discussed with:

  • Mundher Adhami, an analyst on Iraqi affairs;
  • Jeremy Carver, a board member of Tranparency International; and
  • Scott Lucas, a professor of American Studies at the University of Birmingham and editor of Enduring America.com

Mr. Adhami and Mr. Carver are right—this was no “blunder”, but a “deliberate effort”. Government accounting flaws, especially relating to international affairs, are calculated under-rug sweepings. the blunder is when the rug is lifted. Mr. Lucas added that, “ironically”, the policies to create what the U.S. calling a “free market economy” were antithetical to that of a free market, though still very different from the “State-controlled economy under Saddam Hussein” (24:41):

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News and views from around the web posted to the Wonderland Wire:

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Kevin Carson on how a financial system’s economic injustice breeds desperate classes.

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Kevin Carson on capitalism’s destruction of markets.

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News and views from around the web posted to the Wonderland Wire:

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Kevin Carson’s repsponse to comments on his previous post, “BP Would Be Toast in a Truly Free Market.”

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Only surprising that anyone would be surprised that a study finds India has the most fucked up web of bureaucracy.

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Kevin Carson on the government-forced liability cap for the oil industry.

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Benjamin Tucker on the source of capital, first published in an 1881 issue of Liberty, and later in his classic, Instead of a Book, by a Man Too Busy to Write One.

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Elinor Ostrom’s findings on behavioral theory’s relation to collective action are imperative to the formation and sustainability of a libertarian order.

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News and views from around the web posted to the Wonderland Wire:

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