Browsing All posts tagged under »oil«

America’s Economic Decline

July 15, 2011 by


By Andrew Brown. The USA been undergoing substantial de-industrialization and de-funding for decades now. The incumbent American political duopoly has not seemed to mind that much though as both of them have actually encouraged this trend with their consonant public policies. Moreover it has picked up steam in the last two decades as substantive differences […]

Thomas Hobbes on Revolution

May 7, 2011 by


One of the basic concepts one takes away from Thomas Hobbes’ immortal Leviathan, is that revolution is not a good idea. In fact, he very carefully lays out the reasons why it is a very bad idea, which I will loosely sketch out here. In a phrase, it is better to keep the devil you […]

Arab Spring will be US Gov’t Winter

March 23, 2011 by


Featured image via Moroccan Congress in USA. One of the greatest assets of the US government over the decades — perhaps the past century — has been its ability to co-opt movements which threatened its existence. The marginalisation of Socialism, for example, in the early 20th Century is a spectacular example of this. Although the […]

The Empire of the Mind, Part 1

March 1, 2011 by


It is an ancient and well-established tradition that the dominant power or powers of a particular epoch will seek to display their primacy by constructing an empire. This is not to say that every empire is purely a vanity project, although all empires have very powerful currents of national pride, and indeed vanity, although such […]

Phantom Risk in Libya; or, how the US government is Insane

February 21, 2011 by


News has just come out of Fitch Ratings: Libya has had its credit rating dropped from BBB to BBB-minus. For those who don’t speak central banker, this means that Libya’s debt is now considered soggy used newsprint, instead of the far superior soggy unused newsprint. They’ve also warned that if the Libyans don’t start to […]