Review (Guest): Beyond Mainstream Explanations of the Financial Crisis – Parasitic Finance Capital

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Ismael Hossein-azdeh

5.0 out of 5 stars Review of Hossein-zadeh, Ismael. 2014. Beyond Mainstream Explanations of the Financial Crisis: Parasitic Finance Capital., May 16, 2014

By Isaac Christiansen

Ismael Hossein-zadeh has done a masterful job in explaining the causes of the 2007-08 financial collapse and in identifying what must be done in response. He sets out in Beyond Mainstream Explanations of the Financial Crisis to first demonstrate the origins of the crisis and the subsequent transfer of “tens of trillions” of dollars from the vast majority of society into the coffers of the financial speculators through the imposition of austerity cuts on the many for the benefit of the few; and secondly to examine potential societal responses to avoid the repetition of such crises in the future. To do this, he begins by examining the two most prominent explanations for the crisis: the neoliberal explanation, which claimed it was due to irrational market actors and/or intrusive government policies that interfered with the self-correcting market mechanism; and the Keynesian explanation, which explained the crisis as the result of excessive deregulation, “inappropriate” public policy and supply side strategies. The author skillfully exposes the weaknesses of both and offers a compelling and well grounded alternative explanation, as indicated in the book’s title.

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Review: Governing the Commons: The Evolution of Institutions for Collective Action (Political Economy of Institutions and Decisions)

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Elinor Ostrom

5.0 out of 5 stars 6 Star Collective Common Sense Relevant to CYBER-Commons Not Just Earth Commons, May 27, 2014

I read this book shortly after I had read Stop, Thief!: The Commons, Enclosures, and Resistance (Spectre) and my first impression is that the book should be re-issued in 2015, a quarter-century after it was first published, with additional material on how everything here is applicable to governing the cyber-commons. I have to recommend the two books together — STOP THIEF lays down with deep historical and multi-cultural foundation that gives GOVERNING THE COMMONS even more credibility — and for those that do not realize, this book earned the author a Nobel Prize in Economics.

On that note, I would point out that this book crushes the traditional explanations for why the state or the firm are superior decision-making alternatives to bottom-up citizen common sense. This book is also consistent with the LOSING proposal to the Club of Rome that recommended we focus on educating the global public (a universal bottom-up approach). As well now know, the Club of Rome chose the wrong solution, Limits to Growth: The 30-Year Update, because is assumed that top-down mandated measures were the only measures that could be effective.

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Review: The State is Out of Date – We Can Do It Better

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Gregory Sams

4.0 out of 5 stars Double-Spaced Essay of Value, April 30, 2014

This is an excellent double-spaced essay without notes or index, on how the state is a pathological encumberance on society, enabling all manner of waste in large part because it is incapable of dealing with the nuances of complexity. I quite agree with the author’s central premise, that 90% of what the state does and how it does it is antithetical to the peace and prosperity of society at large.

The book was first published in 1998, see the excellent comment from the author below as to its provenance and intent. My belief that this is new work, encouraged by slick mis-representative marketing including a new YouTube and no mention anywhere that this is a reprint that is 16 years old, is in error. I hold the author blameless, this was a publisher too distant from crowd ethics.

Among the best features of the book are numerous quotes from others collected by the author, and many examples from him time in the 1970′s through early 1990′s dealing with health food and natural cures.

The author’s major failing is in assuming that government is anything other than an organized crime family (the Nordic, BENELUX, and Singapore governments excepted). For the longest time I could not understand the US tax code and its purpose. One day, after considering the Tobin Tax and the efficacy of having a single Automated Payment Transaction (APT) Tax that included currency and stock transactions, I realize that the US tax code is actually a blackmail scheme. It’s purpose is not to raise revenue — witness the one trillion a year the US borrows in the name of future generations — it’s purpose is to blackmain businesses into paying for tax exemptions and loopholes, the point being that the money extorted by blackmail goes to the political campaign funds, not to the public.

I have a number of margin notations, and find much to agree with in this book, I am so dismayed with the false presentation of this book by the publisher as “new” that I am ending my review here. Watch any of the YouTube offerings to get the gist free.

A vastly more trenchant actually new book one with real homework, notes, and up to date references, is Peter Linebaugh’s Stop, Thief!: The Commons, Enclosures, and Resistance (Spectre). A related book that complements both is William Easterly’s The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor, the next book that I will be reading and reviewing.

For those that would like to explore many of the themes that the author raises in his personal essay, I offer the four following lists of lists of book reviews — over 400 books sorted into over 40 categories — each easily found online with links back to all Amazon pages embedded.

Worth a Look: Book Review Lists (Positive Future-Oriented)

Worth a Look: Book Review Lists (Negative Status-Quo)

Worth a Look: Book Reviews on Corruption 2.0

Worth a Look: Book Reviews on Democracy Lost & Found

Best wishes to all,
Robert David STEELE Vivas
INTELLIGENCE FOR EARTH: Clarity, Diversity, Integrity, & Sustainability (2010)

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Review: STOP, THIEF! The Commons, Enclosures, and Resistance

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Peter Linebaugh

5.0 out of 5 stars David Bollier’s Review is Better, This Is My Attempt, April 21, 2014

I was very impressed by David Bollier’s review of this book at his web site (look for < “Stop, Thief!” – Peter Linebaugh’s New Collection of Essays > and am encouraging him to port that excellent review here to Amazon. Indeed, after working my way through the book myself, I consider myself unable to do proper justice to this deep work that integrates history, poetry, political economy, anthropology, and sociology among other disciplines. Hence I hope others will write substantive summary reviews and I again recommend Bollier’s review above.

Three thoughts keep recurring as I went through this book of original current essays and presentations:

01 Holy Cow. This guy is DEEP and BROAD in terms of arcane as well as popular sources, delving down into little known poems, essays, public statements, etcetera. This book is the one book version of the Durant’s Story of Civilization applied to one topic, the commons.

02 Holy Cow. This is what my top political science professor was trying to explain when I was in college in 1970-1974 – yes, a half century ago — and I was just not smart enough, patient enough, to appreciate it.

03 Holy Cow. This book is not just subversive, it does a magnificent job of head slapping every politician, economists, talking head, and other pretender who presumes to talk about public welfare without for one instant understanding that wages are a form of slavery and disconnection of humanity from everything else. Lionel Tiger makes related points in The Manufacture of Evil: Ethics, Evolution and the Industrial System but this book — if you focus and do not get lost in the poetry and minutia of exemplar citation — beats the commons versus capitalism drum along every possible note on the musical scale.

Among my high-level notes:

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