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- Richard D. Wolff, "Europe's Debt Crisis Deepens"
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David T. Rowlands, "Marines in Darwin: US Energy Imperialism and the South China Sea" and more...
David T. Rowlands, "Marines in Darwin: US Energy Imperialism and the South China Sea"
Over the past decade, Sino-American tensions have been increasing on all energy fronts, including the South China Sea (SCS). In addition to being the world's most valuable maritime trade route (worth at least $5 trillion to annual global trade), the SCS possesses significant fossil fuel reserves. Just how significant these reserves are is not yet fully known, but estimates range from 7 to 28 billions barrels of crude plus vast gas fields numbering in the hundreds of trillions of cubic feet. Methane hydrates (frozen methane) are also thought to be abundant. Dubbed the "ice that burns," methane hydrates have been identified by the US Energy Department as "the gas resource of the future." Present technology does not permit its commercial exploitation, but that is likely to change in the foreseeable future. . . . The Chinese government has also entered into extraction arrangements with some Western commercial entities. However, as far as "Big Oil" is concerned, dealing with a powerful country like China leads to a less favourable return on capital investment. The game plan for the future is to negotiate with weaker SCS governments, using a position of comparative advantage to extract maximum profit.
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•Richard D. Wolff, "Europe's Debt Crisis Deepens"
Let's take a momentary step back from what is an ideological -- or better said, propagandistic -- usage of the term. "The markets" is a conceptual device that serves to hide and disguise those particular corporations that stand behind and work those markets to pursue their interests. The politicians' and mass media's language makes it seem as if self-interested pursuit by those corporations were the machine-like operations of some unalterable, fixed institution.
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•Michael Perelman, "Is United States Government a Paper Tiger?"
Or, to be less extreme, a second rate power, comparable to previous imperial powers, such as Holland or England?
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[Gisèle Freund photographiée par Adrienne Monnier (Paris, vers 1935) - Très vite, Freund se lie d’amitié avec deux libraires de la rue de l’Odéon, Sylvia Beach – Shakespeare & Co – et, surtout, Adrienne Monnier, qui dirige la Maison des Amis des livres. C’est grâce à elles, qu’elle va rencontrer de nombreux écrivains]


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