Day June 17, 2007

Bears Stearns subprime unit tanking

They could lose $6 billion. Gosh, weren’t the investment banks (who spawned the subprime mess in the first place) saying just a few months ago that everything was fine, that the subprime thing was just a tempest in a teapot?…

In war, someone always benefits

Observation #2: In war, there’s always someone on all sides who benefits. In politics, they say “Follow the money.” In analyzing a conflict, the concept is similar: look for who benefits. There’s almost always some group or person that benefits…

Ecosocialism and open source

The generalization of ecological production under socialist conditions can provide the ground for the overcoming of the present crises. A society of freely associated producers does not stop at its own democratization. It must, rather, insist on the freeing of…