Oct 01, 2008 08:36
Wall Street should prepare for economic suicide because they have dug a hole from which they will never be able to get out from. The failure to pass the 700 billion bailout plan is going to be the first of many market failures. Read Karl Marx.
The explosion of the China food scare into a global one is an awakening call for all consumers and manufacturers. Outsourcing to cheaper markets (mostly found in ex-colonies) can be seen as a form of economic imperialism, which has shot itself in the foot. Read Arjun Appadurai.
The recent glare of the lights used for the F1 night race (1600 lighting projectors, 12 twin-power generators, such that the "F1 night light will be four times brighter than the lighting in a sports stadium") should not equate to a 21% spike in energy costs. Read George Lukacs.
This is a gross distortion of Capitalism.