Hegemony of Globalization

This is a simple movie clip on the hegemony of economic globalization, and the often chain of unintended consequences it brings. Enjoy!



Not exactly a "butterfly effect" (of Chaos Theory) given that capitalist dynamics and impacts had more or less been already described and predicted, but it nonetheless describe how seemingly unrelated events are actually connected by causal relations, albeit complex.

Nowhere to Hide

Dr. Michael Lim Mah-Hui, an internationally-known expert and speaker on international finance, has recently come to the Philippines to talk about his latest book, "Nowhere to Hide: The Great Financial Crisis and Challenges for Asia" which combines the disciplines of economics, finance, sociology and politics to analyze the consequences and challenges of the crisis and propose that its causes be understood at three inter-related levels - the level of theory and ideology, the level of financial  industry practices and malpractices; and finally the level of  structural imbalances in the international economy.

I met and conversed with Dr. Lim during the “Understanding the Financial Markets” forum by Jubilee South - Asia Pacific Movement on Debt and Development (JS-APMDD) in cooperation with South Asia Alliance for Poverty Eradication (SAAPE) and hosted by Monitoring Sustainability of Globalization (MSN) Malaysia. This was held from April 14 to 17, 2009 at the NUBE Training Centre, Port Dickson, Malaysia. We later corresponded through email on statistical distributions and that how financial analysts and statisticians in the US blindly follow the normal (or the Gaussian) distribution curve in the computation of financial risk when they actually can test - using "goodness of fit" tests such as the Pearson's chi-square test or the Kolmogorov-Smirnov non-parametric test- the probability distribution curves of historical data.

I highly recommend that you buy this book. The financial crisis is still as relevant as ever with the collapse of Greece and possible fallout for Asian markets.

An alternative platform by Ted Alwin Ong

Young activist James Matthew Miraflor of the Freedom from Debt Coalition painstakingly prepared a discussion paper together with his team which serves as guide for an alternative economic platform for the country.

In the social movement, this paper is now known as the National Economic Platform or “HaNEP 2020.” The document is a by-product of different analyses covering various issues which significantly affect our people and nation. By collecting and consolidating the different analyses from the country’s social and political activists, James was able to formulate a fitting alternative platform from what we have today.

The “HaNEP 2020” was submitted to President Benigno S. Aquino III by FDC as an Agenda outlining demands for changes in the debt and public finance policy, the power industry, the water sector, and government’s stance on climate negotiations and responses to climate crisis.

Read more. http://www.thenewstoday.info/2010/09/16/an.alternative.platform.html