Mutualist journal club
Sunday, October 22, 2006
Panama Canal expansion put to a vote - MarketWatch
Panama Canal expansion put to a vote - MarketWatch
The Panama canal could serve as an ideal case study of the capitalist nature of transportation subsidies -- not only did it's construction involve massive financial subsidies from the U.S.A. (I presume), but it also included political intervention in Latin America.
The current expansion plans seem to rest on the assumption that user's fees would be sufficient to fund the capital improvements. I have no idea whether this is a reasonable expectation, but in the end this is being treated as a political decision (involving the general population) rather than a business decision from the people who have the most knowledge and the most to gain.
Another article from Bloomberg
The Panama canal could serve as an ideal case study of the capitalist nature of transportation subsidies -- not only did it's construction involve massive financial subsidies from the U.S.A. (I presume), but it also included political intervention in Latin America.
The current expansion plans seem to rest on the assumption that user's fees would be sufficient to fund the capital improvements. I have no idea whether this is a reasonable expectation, but in the end this is being treated as a political decision (involving the general population) rather than a business decision from the people who have the most knowledge and the most to gain.
Another article from Bloomberg
Saturday, October 21, 2006
The myth of progressive war Martin Shaw - openDemocracy
The myth of progressive war Martin Shaw - openDemocracy
This is part of a dialogue on the Open Democracy website regarding the role of war in human progress. It references "primitive accumulation" so I thought it would be of interest as a marker of what others are saying about this process.
This is part of a dialogue on the Open Democracy website regarding the role of war in human progress. It references "primitive accumulation" so I thought it would be of interest as a marker of what others are saying about this process.
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