Post by: Tony Norfield

EconoFiction

Amazon: Becoming the Market

28 Jul , 2017  

Amazon’s business operations highlight many of the paradoxes of modern imperialism. It provides an efficient delivery of a wide range of goods and services to satisfied customers, but the workers involved in the process are stretched to the limit, and businesses competing with them are liable to come off badly, ...

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EconoFiction

Saudi Arabia and Imperialism

27 Jun , 2017  

Saudi Arabia has been a major player in Middle East politics. It backed the 2013 overthrow of the Moslem Brotherhood in Egypt, since the example of an elected government of a major country next door was not welcome to the Saudi family autocracy. It has suppressed Shia-based protests in Bahrain ...

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EconoFiction

Derivatives and Capitalist Markets: The Speculative Heart of Capital

20 Feb , 2017  

… Conclusions The growth of derivatives-trading in the past decade or so was facilitated by changes in government-regulation. But the fundamental reasons why derivatives-trading exploded have more to do with the attempts by banks, finance-companies and corporations to boost their flagging profitability and revenues. ‘Financial innovation’ was an easier way ...

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EconoFiction, Lexicon

Finance, Economics and Politics

19 Sep , 2016  

The financial system accentuates all the absurdities of capitalism, but it does this in a way that can make finance appear to be separate from the capitalist economy, rather than an inevitable outgrowth from it. Almost every observer of capitalism makes a distinction between the ‘real’ and the ‘financial’ economy. ...

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