Daily Archives: February 5, 2018

Course outline: “The Sociology of Finance, Debt and Austerity”

In the process, we will broach such salient topics as (1) financialization and the global financial crisis; (2) creditor power, the morality of debt and the social implications of rising personal indebtedness, including its interaction with questions of class, race and gender; (3) the politics of public debt, austerity and North-South relations — from the “fiscal crisis of the state” in the 1970s and the Third World debt crises of the 1980s and 1990s to the recent turmoil inside the Eurozone; and (4) the different forms of debt resistance and anti-austerity protest that have emerged over the course of the past decades, as well as the prospects for meaningful debt relief and democratic renewa

via ROAR Magazine

Financial Secrecy Index 2018

Financial Secrecy Index 2018

via Financial Secrecy Index 2018 – Tax Justice Network

Iceland Alone and Latvia Captured

Valdis Dombrovskis (then prime minister of Latvia) co-authored a 2011 book entitled ‘How Latvia Came Through the Financial Crisis’. As the book documents, the rescue package for Latvia was not put together in Latvia’s capital Riga or in a neutral third country. Rather “Swedish Minister of Finance Anders Borg called the closest friends of Latvia to an emergency meeting at Arlanda airport.” They did not even bother to go to downtown Stockholm.

In his book Dombrovskis describes this meeting as “a kind of auction.” This was a rescue package for foreign banks more than the Latvian public. General Government Debt as percentage of GDP was very small in the Baltics when the crisis hit but during the bank rescue they increased in all the Baltic States; according to the IMF, in Latvia from 7 percent in 2007 to 40 percent in 2010.

via Iceland Alone and Latvia Captured

Ismail al-Jazari – Wikipedia

Badīʿ az-Zaman Abū l-ʿIzz ibn Ismāʿīl ibn ar-Razāz al-Jazarī (1136–1206, Arabic: بديع الزمان أَبُو اَلْعِزِ بْنُ إسْماعِيلِ بْنُ الرِّزاز الجزري‎, IPA: [ældʒæzæriː]) was a Muslim polymath: a scholar, inventor, mechanical engineer, artisan, artist and mathematician. He is best known for writing The Book of Knowledge of Ingenious Mechanical Devices (Arabic: الجامع بين العلم والعمل النافع في صناعة الحيل‎) in 1206, where he described 100 mechanical devices, some 80 of which are trick vessels of various kinds, along with instructions on how to construct them

via Ismail al-Jazari – Wikipedia