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The World System

A Review of “Grave New World”, by Stephen D King

4 July 2017

Published: Yale University Press (2017) I was looking forward to reading this book, Stephen D King has an excellent reputation and he has a key role at HSBC, while also advising the House of Commons Treasury Committee. The advance notices were also excellent and the author is writing about an [read more]

“The World in Crisis” by Andrew Palmer, a Synopsis

10 April 2017

Paradigm Shifts and an Inflection Point   – This is a Synopsis of “The World in Crisis”, which will be published later this year (2017) The World in Crisis is an account of the fundamental and systemic problems that we face today, and the way in which these stresses will interact [read more]

The Earth System A Hierarchy

6 November 2016

The Earth’s climate is an energy system, it is complex and adaptive.  Sunlight arrives from our star, some bounces back into the coldness of space, some of the energy is trapped in the atmosphere and some in the oceans.  That’s a very basic picture. A better view is to see the Earth’s [read more]

The Influence of Corporations on the Global Economic System

21 October 2016

Large corporations are often vehicles for expressing the opinions and supporting the interests of their owners and senior executives. Although they are a key part of the operation of the global economic system, and have a legitimate interest in ensuring that legislation and government policy does [read more]

Criminality and Corporations

21 October 2016

Some corporations have policies which actively encourage law-breaking, Enron was one example. Rowan Bosworth-Davies’s report on the 33rd Cambridge International Symposium on Economic Crime held at Jesus College, Cambridge in September 2015 “The Limits of the Law, The role of compliance in the [read more]

The Problem of Financial Imbalances

19 October 2016

In addition to the weakness of self-equilibrating mechanisms within the global monetary system, there is an arguably even more serious problem with underlying financial, trade and debt imbalances. In the words of the BIS, “Historically high debt levels and signs of financial imbalances point to [read more]
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