D. T. Cochrane
D. T. Cochrane is a new father who thinks about business, power and social economic change. His profile picture is of the Crab Nebula. It is the remnants of a supernova. Current scientific theory says that they seed the Universe with the ingredients of life.
E-mail: troy@whatbettertime.org
Web Page: http://whatbettertime.org
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Marx and the current ‘crisis’ of capitalism, October 22nd, 2008
The latest upheavals in the global financial markets have revived interest in the political economic analysis of Karl Marx. Sales of Marx’s opus Capital - which English media insists on calling by its untranslated German title, Das Kapital - have reportedly skyrocketed. The UK Times published a lengthy commentary asking, “did he get …(1 comment, posted in Editorials & Interviews)
Wal-Mart: The Bank, January 28th, 2008
Although it has been met with stiff resistance in its efforts to offer banking services in the US, Wal-Mart has succeeded in opening a bank in Mexico. It plans to open 80 more by the end of 2008. Located within their stores, the banks are targetted at low-income earning households. …(1 comment, posted in Notes & Asides)
$7.3 billion gone?, January 25th, 2008
A trader with the French bank Société Générale has been implicated in fraud that cost the bank $7.3 billion. Knowledgeable of the various security mechanisms meant to prevent this sort of fraud, Jerome Kerviel was able to hide his transactions from controllers. It appears that Kerviel did not perpetuate the fraud for his …(no comments, posted in Notes & Asides)
It’s time to stop listening, January 8th, 2008
On January 8, the Toronto Star featured on its editorial page a commentary by Joseph Stiglitz. The former chief economist of the World Bank is vaguely predicting stagflation - stagnation plus inflation - and expressing his concern about how this will affect workers and consumers. He also worries that government and central bank …(4 comments, posted in Editorials & Interviews)
Peak oil?: Oil supply and accumulation, January 4th, 2008
Although a peak and decline in oil production is a geological certainty, we should question whether it is actually occurring right now. The supply of oil within the global market depends on much more than the geological realities of production. (6 comments, posted in Editorials & Interviews, X-Featured)
Oh science, when will you learn?, December 29th, 2007
I’ve been watching a History channel series called The Universe. Apart from the horrible dramatisation of ’sinister’ stars and ‘evil’ planets, something about the series has been really bothering me. It’s the arrogance with which the scientists who appear on it present their theories. In particular, one episode titled ‘Alien Galaxies’ included a lengthy discussion …(2 comments, posted in Notes & Asides)
