Category Archives: History
October 13, 2018Posted by on
This week on Facebook: Most of those who believe in the existence of ‘A Money Tree’ and particularly those who choose to write about it (either from the political left or right), are not so naive as to believe that the State uses its fiscal policy wisely. The term money tree is used for political effect, yet regardless of political leanings most remain mute regarding the money that grows on it and where it comes from.
The issue of affordability never arises when the proposed spending relates to activities like going to war or bailing out the banks. There Is A Magic Money Tree
Countries like the UK that have their own central bank with which to create and borrow its own currency, claiming that deficit financing is part of a fiscal policy and not a problem as it is only incurred as an investment that is part of government economic policy. Those committed to the political left or right claim that their fiscal policy will encourage economic growth and resolve any deficit financing problem. The State has consistently failed to cover the costs for the future in its management of fiscal policy such that deficit financing always increases the national debt and fails in its social responsibilities.
To paraphrase Peter F. Drucker, it could he said that: The first responsibility of government is to cover the costs for the future. If this social responsibility is not met, no other social responsibility can be met. Peter F. Drucker, The Practice of Management
October 6, 2018Posted by on
This week on Facebook: In ‘The Coming Dark Ages?’ I criticised all the articles for failing to point out that (in my view) the prevalence of an economic global hegemony by Western Philosophy relied on a reserve currency in a fiat money world. Money at the centre of globalisation, whether it is trade or war that is the dominant driving force for global economic growth. I was especially critical of the article America enters the dark ages concluding that in my opinion money, war and a rising nationalism, are the most likely harbingers in any coming of a new dark age.
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September 15, 2018Posted by on
This week on Facebook: I thought the term ‘dark age’ to be rather carelessly used recently, especially in the context of Homer and the fall of Troy. The term “Dark Ages” is now rarely used by historians because of the value judgment it implies, although it is sometimes taken to derive its meaning from the dearth of information about the period. The latter being certainly true of the Greek Dark Age (1) between the collapse of the Mycenaean civilisation and the GreekArchaic Period. Perhaps the Greek dark age that occurred between the end of the Bronze Age and the beginning of the Iron Age is the only period in Western history deserving to be called a dark age¹. There really is a dearth of information about this period in Western history, something that is not true about what became to be understood in Western Philosophy as The Dark Ages. Read more of this post
January 27, 2018Posted by on
This week on Facebook: Mainly for the benefit of my children, I should like to point out that German reunification refers to that of 1989 and the fall of the Berlin Wall,which led to Tag der Deutschen Einheit. This is not the same as Bismarck’s German Unification of 1850 to 1871 nor is it the 1938 Anschluss. Read more of this post
January 20, 2018Posted by on
This week on Facebook: Having began the year on the topic of the EU I was attracted to an article published in Europe’s Journal of Psychology (EJOP) — Vol 1, No 4 (2005) with the title ‘The French Vision of Europe from Victor Hugo’s United States of Europe to the No to the Constitution’ from which this week’s extracts have been taken. The EJOP contribution by Michel Viegnes offers an insight into the French psyche and the influence that Victor Hugo continues to have on it.
This EJOP article is rather long, which I have made it more readable by breaking down the paragraphs, some editorial arrangements and adding a number of links. However, despite these modifications, the paper is still intended to represent the views as written by the author. Should you wish to read the published article in EJOP, a link to it is also included below. Read more of this post
January 19, 2018Posted by on
Finally, the French NO at the 2005 referendum that was a serious drawback for the construction of a real political Europe, if not a lethal strike. It brought together distinct political forces and even conflicting ones, in the shared fear that the identity of Europe (from the French perspective) would be subsumed in a world that is always growing more and more globalised. For those who said NO, whether they came from the right or the left, the constitutional model led to an American globalisation that is simultaneously fascinating and detested, religious and mercantile it is seen as the driving force of this internationalism. One where historical identities seem to be brought into a global culture that is consumerist and technological and in which, former powers of the old continent can no longer play a major role by themselves. Read more of this post
January 18, 2018Posted by on
It is startling to see that Hugo has a rather singular view on the European issue when compared with great authors and intellectuals of the 19th century. It is not until the next century and primarily not until the great catastrophe of the 1914/18 war that one could hear in France important figures giving their opinion on the European idea. Whether we should regret it or not, the perspectives on this are very dissimilar. Read more of this post