The system has to change, commodities need to be closer to the consumers with as little “middle meddling” as possible. These middle meddlers add not value to the commodity or the consumer.
Love this analysis Ann. It's another (and even deeper and more hidden systemic) layer examining money and financialization that all of the other leading economic reform movements like MMT, Keen's Minsky's Financial Instability Hypothesis, Hudson's financial parasitism, UBI/Positive Money and Ellen Brown's Public Banking revolve around.
It's becoming ever more clear that the money system and its current paradigm of Debt Only as the sole monopolistic form and vehicle for the creation and distribtion of money, and its shadowed, increasingly abstract, unregulated and crazy financialized derivative products ARE the problem.
So how do we change the current paradigm and its non-survival effects? I would say find a way that isolates finance and yet benefits all other economic agents individual and commercial. A "third way" that integrates the self interests of traditionally opposed economic and political perspectives, could lead to the rational empowerment of governments and that could super charge the kind of ecological sanity we've failed to generate for the last 50 years.
Thank you for setting out in clear - and disturbing - terms the reality behind oil and food prices. The scale of the task facing the Left in tackling the real reasons our people are impoverished is truly daunting.
Would it be possible for you to develop the end of your article to give us options? I am not an economist, I try to understand, but I can't see a way for the Left in the UK to end the deregulation of global financial markets. Although we have Clinton and co to thank for what has happened to oil and food prices, it is not clear to me that even the US government could put that genie back in the bottle.
Can you please help me understand what we need to do?
The system has to change, commodities need to be closer to the consumers with as little “middle meddling” as possible. These middle meddlers add not value to the commodity or the consumer.
Thanks for the cogent paragraph about heroine Brooksley Borne.
Love this analysis Ann. It's another (and even deeper and more hidden systemic) layer examining money and financialization that all of the other leading economic reform movements like MMT, Keen's Minsky's Financial Instability Hypothesis, Hudson's financial parasitism, UBI/Positive Money and Ellen Brown's Public Banking revolve around.
It's becoming ever more clear that the money system and its current paradigm of Debt Only as the sole monopolistic form and vehicle for the creation and distribtion of money, and its shadowed, increasingly abstract, unregulated and crazy financialized derivative products ARE the problem.
So how do we change the current paradigm and its non-survival effects? I would say find a way that isolates finance and yet benefits all other economic agents individual and commercial. A "third way" that integrates the self interests of traditionally opposed economic and political perspectives, could lead to the rational empowerment of governments and that could super charge the kind of ecological sanity we've failed to generate for the last 50 years.
Thank you for setting out in clear - and disturbing - terms the reality behind oil and food prices. The scale of the task facing the Left in tackling the real reasons our people are impoverished is truly daunting.
Would it be possible for you to develop the end of your article to give us options? I am not an economist, I try to understand, but I can't see a way for the Left in the UK to end the deregulation of global financial markets. Although we have Clinton and co to thank for what has happened to oil and food prices, it is not clear to me that even the US government could put that genie back in the bottle.
Can you please help me understand what we need to do?