Is this the Nobel Prize for property rights --- or for how genocide is the pre-condition for economic growth? Acemoglu Johnson & Robinson https://www.aeaweb.org/articles?id=10.1257/aer.91.5.1369 seem to argue that in those countries where colonial settlement having followed genocide in replacing the native aborigine, public institutions were set up mirroring those back home, thereby ensuring life expectancy outcomes for their descendants comparable to their own countries of origin. These were markedly superior to the populations of other countries where by contrast, insalubrious conditions having made settlement unattractive for European settlers, aborigine populations were allowed to survive. Yet since democratic representation & welfare measures towards that end were not considered necessary for subject peoples, the colonial powers employed such territories purely for the purpose of the extraction & the transfer of the surplus to the metropolitan centres of
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Fascism might be better than the Left, suggests the New York Times: " Some voters consider France Unbowed, which has members who have been accused of antisemitism, to be at least as dangerous as the far right.” https://www.nytimes.com/2024/07/07/world/europe/france-election-new-popular-front-far-right.html?smid=nytcore-ios-share&referringSource=articleShare Given the unsubstantiated claims of Melenchon's anti-Semitism which match those that removed Corbyn, one might wonder about the dogwhistle of "Soros & rootless people without culture" (the traditional anti-Semitic reference to the Jewish people): https://youtu.be/o-3-lN3bA9w?si=G3zQLvJUm35X4s8a Why does this not trouble the Western leaders-- https://www.youtube.com/live/avIs4YrtM00?si=fWZQmC73J5rWCwYR https://www.governo.it/en/articolo/g7-summit-president-meloni-meets-president-biden-united-states/25999 https://youtu.be/AYz88B_N10U?si=WUCbohnhiy_xE0nW --- who embrace Italy’s Meloni today? Why isn’t she
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The Starmer government cannot do very much. It wont tax, it can't borrow much; its election victory has been crafted on the recent fraud of misrepresenting Corbyn’ s sympathy for the Palestinians as anti-Semitism, & concealing the fact that the Labour defeat of 2019 was the outcome of Starmer’s demand not Corbyn’s for a fresh referendum on Brexit; which of course came on top of the fraud of Brexit. Brexit followed the false promises of trickle-down growth that have distracted Britain for over four decades since Mrs Thatcher first instituted austerity and an upward redistribution of wealth in order to financialise the UK economy, unlocking the opportunities afforded by the Eurodollar market & Britain’s role as money-launderer to the world. When Starmer can no longer blame Corbyn, Sunak & other Conservatives for the UK’s economy, he will have to acknowledge reality. Which is as follows: that the UK’s role as money-launderer to the world is critical to its balance of
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This blog has been very generously reposted by Dr Dilip Simeon, historian, New Delhi: https://dsimian.com/ AFTER THE TRUTH-SHOWER Philosophy, history, literature, current affairs, and other stuff. Posted by Dilip Simeon Looking through this blog I find numerous interesting articles posted here. Such as: https://dsimian.com/2024/05/25/the-message-of-israels-torture-chambers-is-directed-at-all-of-us-not-just-palestinians/ https://dsimian.com/2024/05/25/paul-daley-myall-creek-australia-here-in-1838-a-crime-that-would-not-be-forgotten-took-place-rock-art-as-record-of-imperialism/ https://dsimian.com/2024/05/25/civil-society-hearing-into-the-1988-massacre-in-iran-open-letter-to-the-un-human-rights-council/ https://dsimian.com/2024/05/24/its-in-our-rivers-and-in-our-cups-theres-no-escape-the-deadly-spread-of-salt-water-in-bangladesh/ https://dsimian.com/2024/05/24/how-billionaires-silenced-us-campus-protests/ https://dsimian.com/2024/05/13/turkey-allocates-only-10-out-of-20000-teaching-p
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Empire & Secrecy Even as empires ended, the transfer of wealth to the West continued. This was enabled by two key policies. By the first , the US allowed Britain to effectively default (https://thewire.in/banking/how-india paid-to-create-the-london-of-today) on its wartime debt to India (including Pakistan) & Egypt of money owed for exports to the United States & expenditure on Allied war effort in Italy North Africa the Middle East Burma Malaya & Japan, by secretly working out a deal in 1947 to allow the UK post War Labour Government to renege on its formal commitment to convertibility of the pound sterling upon which those countries had predicated their agreements with the UK (https://thewire.in/history/independent-india-secret-uk-us-deal-britain-wartime-debt). As a result, the UK not only very gradually drew down its worldwide colonial commitments over the next two decades, but banks worldwide were compelled to hold sterling at a time when all –