Interesting article here that sees Alibaba not simply as another ecommerce company like Amazon or ebay but as a trading platform for any business, and hence a strategic tool for China to take over world trade and banking. The platform not only provides a front end for customers to interact with businesses, the businesses deliver products …
Continue reading “Alibaba is the beginning of a new global trade system”
In this talk from May 2015, Chris Hedges shows how Marx may well have been right about the structural limits to capitalism as it currently exists. “The final stages of capitalism, Marx wrote, would be marked by developments that are intimately familiar to most of us. Unable to expand and generate profits at past levels, …
Since it invests in all sectors of the economy, banking is a bell-weather of that economy. It is an indicator of the performance of the system as a whole. Yesterday Credit Suisse shares tumbled to a 24-year low. Globally, the financial sector is the worst performing in the MSCI World index in 2016. Bank shares have …