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Showing posts from January, 2016

Tragedy and Hope, From whence we came!

Tragedy and Hope, From whence we came!

I am currently reading Tragedy and Hope Carroll Quigleys Opus on Political Economic History since for ever. Its an exhilarating read but very war and peace it took him 25 years to write and it was published in 1966. Basically the stuff that has shaped my own life time as I was born in 1964

Is it true that rich people can borrow money at very low rates of interest, nearly free? Regular savers must borrow at much higher rates of interest?
In the simplest of terms this is absolutely true a lower credit risk would have the price of risk ( interest) adjusted lower- If one widens out the question one finds at its broader level the very top of the wealth Scale are net receivers of Interest and the bulk of the Population pretty much anywhere you look are net payers of interest. A striking thing about accumulation of wealth is the use of Gearing ( debt borrowed against Equity) The question of geari…

The Iron Law of Oligarchy.

I posted a comment at Truth Dig which I decided to write as a Blog post as well just to bring together some of my Reading on Elites and Oligarchy. Chris Hedges article is here.

''We must seize this splendid opportunity to get to meet with them, talk with them, win their trust, hopefully win them over.'' Hi (Soicilaistworld), Who are they? perhaps a little Friere might help.
“[T]he more radical the person is, the more fully he or she enters into
reality so that, knowing it better, he or she can transform it. This
individual is not afraid to confront, to listen, to see the world
unveiled. This person is not afraid to meet the people or to enter into a
dialogue with them. This person does not consider himself or herself
the proprietor of history or of all people, or the liberator of the
oppressed; but he or she does commit himself or herself, within history,
to fight at their side.”

―Paulo F…