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Forget about 'peak oil' and focus instead on 'peak power' OpenPublishing | News & Analysis
Submitted by unterschreber on Thursday, 3 April, 2008 - 19:51
A.F. Alhajji

Financial Times 'Insight' column (April 2, 'Companies & Markets' section) which may be too quick to dismiss the role of the free-falling dollar in dollar-denominated oil prices, but makes an interesting case for the necessity of the current 'speculative' $100+ a barrel rate based on total stocks, once producer countries' excess capacity levels are considered in relation to their own domestic energy needs.  The author unwittingly comes close a 'Midnight Notes'-type argument: the Opec states are forced to provide for electricity demand from growing and increasingly urbanized (read: proletarianized) populations, to the point of actually having to import oil to run power plants.  Consequently 'excess' (i.e. world market-ready) capacity is falling, pushing market prices up, even as inventories and capacity increase in absolute terms.  
    Also casually dropped in is the interesting claim that some of the Opec countries' oil revenue has 'found its way into' funds speculating in oil futures, thus pushing prices up further.  Chavez-loving leftists should pray that this abstract perpetual-motion machine has a long time left to run.


Death data drive new market OpenPublishing | News & Analysis
Submitted by unterschreber on Tuesday, 25 March, 2008 - 03:20
Sophia Grene (FT Fund Management)

Courtesy of the Financial Times, the latest news on the financial sector's most self-allegorizing activity: death hedging.  Or more prosaically, the develpment of 'longevity derivatives' and associated indices, through which fund managers can hedge against the risk that people (not to speak of broker-dealers) might not die soon enough.  In this update, Deutsche Börse has introduced live (so to speak) data feeds from undertakers to find out the age of the bodies they bury.


Walkabout OpenPublishing | Public Library
Submitted by mute on Thursday, 6 March, 2008 - 14:52
Michael Hampton

'Walkabout' a poem submitted by Michael Hampton would have fitted excellently with the collection of verse published as part of our recent issue on credit, debt and financial crisis. As a late arrival it joins the site here and as part of our Ongoing accumulation of fiscal verse 


What if China Steals Modern Art? OpenPublishing | News & Analysis
Submitted by Ben on Friday, 18 January, 2008 - 01:04
Belle Le Triste

Reposting this bloated commentary on recent art market trends by a pungently named French art writer.
B


Three Talks by Loren Goldner Editorial content | News & Analysis
Submitted by mute on Monday, 31 December, 2007 - 15:46
Mute Events

THREE TALKS BY LOREN GOLDNER
London, Jan 19th, 21st and 22nd, 2008

New York-based Marxist Loren Goldner is giving a series of talks in London this month, hosted by Mute magazine [http://metamute.org]


Eco-imperialism at the Bali summit? OpenPublishing | News & Analysis
Submitted by unterschreber on Wednesday, 19 December, 2007 - 23:30
James Heartfield

Brief historicization (from www.spiked-online.com) of the latest inter-governmental eco-policy deal, looking into the way certain branches of capital established the 'Green' agenda long before its discovery by counter-culture and adoption by mainstream moralism.  The ideology of Scarcity is perpetual, but it took on this distinct institutional form during the late 20th century Supply Side ascendancy.  Incidentally the implicit contradiction between an 'eco-imperialist' drive to keep the 'underdeveloped' world that way (as a 'non-capitalist' source of loot) and industrial capitals' need to draw ever more labour-power into their orbit was explained by Rosa Luxemburg in 1913 in 'The Accumulation of Capital': "The conditions for the capitalization of surplus-value clash increasingly with the conditions for the renewal of the aggregate capital – a conflict which, incidentally, is merely a counterpart of the contradictions implied in the law of a declining profit rate".  


Videos on housing struggles, sub-prime and free culture OpenPublishing | News & Analysis
Submitted by anthony on Monday, 19 November, 2007 - 13:38
Conservas

Several videos on housing struggles, sub-prime and free culture in Spain courtesy of CONSERVAS, Barcelona http://www.conservas.tk

The material has been shown and used all over Spain and now we are also organising shows or performance-presentations (see doc below), and at the same time we are opening a space here in Barcelona for exchange with others who are busy working on the same issues internationally. We are very open to colaborations and proposals. All the material exists in english, spanish, french and italian.


How long will the 'bureaucratic course' last? OpenPublishing | News & Analysis
Submitted by mute on Tuesday, 9 October, 2007 - 14:27
Wildcat
The following is a report from Wildcat on the occupation of a bicycle factory in Nordhausen, Germany by its workers. It appears by kind permission of the excellent Prol-Position newsletter and will appear in the next issue (number 9): http://www.prol-position.net/


Creative London OpenPublishing | News & Analysis
Submitted by Ben on Saturday, 6 October, 2007 - 18:36
James Heartfield

A magnificent destruction of creative industries hype by someone who has been on the money about this for 10 years. [It's so good, I can't help but write a micro-review.]

The productivist vein running through his analysis is problematic (who wants a truly productive capitalism instead of a decadent one?) but don't let it put you off, the basic economic arguments are rock solid. Briefly: industry contracts, 'creative' sector, parasitic on finance, in turn parasitic on the world's industrial producers, expands, but not for long, indeed it seems already to have reversed... exploitation overseas and at home are the secrets of the creative economy, but it is not the exploitation of creatives and the financial mediators whom they serve.


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