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Cows, Pigs, Wars, and Witches: The Riddles of Culture by Marvin Harris
These missions were not about to disseminate the intellectual tools of political analysis; they did not offer instruction in the theory of European capitalism, nor did they embark upon an analysis of colonial economic policy. Instead they taught about creation, prophets and prophecies, angels, a messiah, supernatural redemption, resurrection, and an eternal kingdom in which the dead and the living would be reunited in a land of milk and honey. Inevitably, these concepts—many rather precisely analogous to themes in the aboriginal belief system—had to become the idiom in which mass resistance to colonial exploitation was first expressed. “Mission Christianity” was the womb of rebellion. By repressing any form of open agitation, strikes, unions, or political parties, the Europeans themselves guaranteed the triumph of cargo. It was relatively easy to see that the missionaries were lying when they said that cargo would only be given to people who worked hard What was difficult to grasp was that there was a definite link between the wealth enjoyed by the Australians and Americans and the work of the natives.
Happy Valley: The Story of the English in Kenya by Nicholas Best
Eventually a compromise was reached, allowing him into the building but not the conference. The chief constitutional adviser to the Africans was Dr Thurgood Marshall. He was a black American lawyer, later to become a judge in the US Supreme Court. Before the conference, Marshall had irritated Kenya’s white settlers by writing an anti-imperialist article in a Baltimore newspaper. He had accused the settlers of being colonial exploiters who had never even taken the trouble to learn the local language. At one of the conference sessions therefore, Sir Michael Blundell formally tabled a motion for proceedings to be conducted in Swahili. The language was spoken fluently by all the Kenya Europeans present, but not by Thurgood Marshall. Once the opening blows of the conference had been exchanged, the delegates quickly got down to the serious business of behind-the-scenes lobbying to secure the best deal possible for their respective interests.
Money Changes Everything: How Finance Made Civilization Possible by William N. Goetzmann
Albert Einstein, Andrei Shleifer, asset allocation, asset-backed security, banking crisis, Benoit Mandelbrot, Black Swan, Black-Scholes formula, Bretton Woods, Brownian motion, capital asset pricing model, Cass Sunstein, collective bargaining, colonial exploitation, compound rate of return, conceptual framework, corporate governance, Credit Default Swap, David Ricardo: comparative advantage, debt deflation, delayed gratification, Detroit bankruptcy, disintermediation, diversified portfolio, double entry bookkeeping, Edmond Halley, en.wikipedia.org, equity premium, financial independence, financial innovation, financial intermediation, fixed income, frictionless, frictionless market, full employment, high net worth, income inequality, index fund, invention of the steam engine, invention of writing, invisible hand, James Watt: steam engine, joint-stock company, joint-stock limited liability company, laissez-faire capitalism, Louis Bachelier, mandelbrot fractal, market bubble, means of production, money: store of value / unit of account / medium of exchange, moral hazard, new economy, passive investing, Paul Lévy, Ponzi scheme, price stability, principal–agent problem, profit maximization, profit motive, quantitative trading / quantitative ﬁnance, random walk, Richard Thaler, Robert Shiller, Robert Shiller, shareholder value, short selling, South Sea Bubble, sovereign wealth fund, spice trade, stochastic process, the scientific method, The Wealth of Nations by Adam Smith, Thomas Malthus, time value of money, too big to fail, trade liberalization, trade route, transatlantic slave trade, transatlantic slave trade, tulip mania, wage slave
Chinese entrepreneurs managed their way through a multicultural world of foreign competition, wars, and the complexities of an eroding nation-state to lead China into the modern world economy. By 1905, Chinese officials had adopted corporate governance and a sophisticated corporate legal code that formed the basis for the transition to successful private corporate ownership. However, China’s Communist Revolution in 1949 reinterpreted this success story in stark terms as colonial exploitation by the capitalistic West. There is a germ of truth in their revisionist history. China’s financial modernization resulted from the weakening of the central government and erosion of sovereignty. It also began with a dangerous drug. ADDICTION IS A VALUE PROPOSITION The opium trade is one of the most shameful episodes in the history of finance. By the late eighteenth century, the British East India Company had a well-developed trade network that imported opium from India into China.
Easterly and others have argued that the failure of the institutions has its roots in the Keynesian presumption that a top-down regulatory structure—as opposed to the invisible hand of the marketplace—is more effective in allocating resources to projects. Easterly’s argument is simple. Alignment of incentives to promote growth works a lot better than a control-and-command approach. Keynes, of course, posited a central role for government in solving the disjunctions caused by unchecked financial globalization and bad savings habits. His legacy is a financial architecture designed to blunt the potential for colonial exploitation by disintermediating lenders and sovereign borrowers—replacing that relationship with a collective institutional financial organization. Did Bretton Woods save the world from a revival of imperialism? Did it bring more nations into the fold of prosperity? Whether it did or not, it undeniably altered the way that nations interact with one another and with the capital markets. By introducing the IMF and World Bank as lenders of last resort, it blunted the sharp needs for nations to negotiate terms that reduced sovereignty.
Confessions of a Microfinance Heretic by Hugh Sinclair
accounting loophole / creative accounting, Bernie Madoff, colonial exploitation, en.wikipedia.org, financial innovation, financial intermediation, Gini coefficient, high net worth, illegal immigration, inventory management, microcredit, Northern Rock, peer-to-peer lending, pirate software, Ponzi scheme, principal–agent problem, profit motive
I worked in various capacities with and within the foreign aid system for some thirty years—rarely questioning its basic premise. It was little more than two months after leaving my post with USAID as Asia Regional Advisor on Development Management that a fresh insight hit me. Foreign aid, as practiced, is almost inherently destructive, because it increases the dependence of poor countries on the goods, technologies, markets, finance, and expertise of rich countries and leaves them exposed to classical colonial exploitation in a new guise. It is hard to see the truth of a system on which your pay and prestige depend. Follow the Money To my surprise and shock, I once heard a microlending advocate make the amazing claim that high interest rates are a rich people’s concern. They don’t matter to the poor. To benefit the poor, microcredit need only offer lower interest rates than local money lenders. Those who work in microfinance commonly view the system from the perspective of the investor rather than that of the community and thereby lose sight of the bigger picture.
Sextant: A Young Man's Daring Sea Voyage and the Men Who ... by David Barrie
centre right, colonial exploitation, Edmond Halley, Eratosthenes, Fellow of the Royal Society, Isaac Newton, John Harrison: Longitude, lone genius, Maui Hawaii, Nicholas Carr, polynesian navigation, South China Sea, trade route
When news of his death reached home he was lamented not just in Britain but throughout Europe. READING ABOUT COOK’S exploits today, it is easy to underestimate the scale of the challenges he faced. So many of the places he visited are now holiday destinations that we may even envy him the privilege of seeing them in their pristine state—before they were ravaged by imported pests and diseases and turned upside down by missionary Christianity, colonial exploitation, and tourism. It requires an effort of imagination to grasp how demanding and relentless were the difficulties he had to overcome. The single biggest problem, apart from the safe management of his ship, was ensuring that her crew and passengers had adequate supplies of fresh food and water—an anxious and unremitting task when sailing in almost completely uncharted waters. Less obviously, wood for the cooking fires was also vital and not always easy to obtain.
Blood River: A Journey to Africa's Broken Heart by Tim Butcher
airport security, blood diamonds, clean water, colonial exploitation, colonial rule, discovery of the americas, European colonialism, failed state, Livingstone, I presume, Scramble for Africa, transatlantic slave trade, transatlantic slave trade
Disease, hostile tribes and the lack of any clear commercial potential in Africa meant that hundreds of years after white explorers first circumnavigated its coastline, it was still referred to in mysterious terms as the Dark Continent, a source of slaves, ivory and other goods, but not a place white men thought worthy of colonisation. It was Leopold's jostling for the Congo that forced other European powers to stake claims to Africa's interior, and within two decades the entire continent had effectively been carved up by the white man. The modern history of Africa - decades of colonial exploitation and post-independence chaos - was begun by a Telegraph reporter battling down the Congo River. Reading about this epoch-changing journey seeded an idea in my mind that soon grew into an obsession. To shed my complacency about modern Africa and try to understand it properly, it was clear what I had to do: I would go back to where it all began, following Stanley's original journey of discovery through the Congo.
Wonderland: How Play Made the Modern World by Steven Johnson
Ada Lovelace, Alfred Russel Wallace, Antoine Gombaud: Chevalier de Méré, Berlin Wall, bitcoin, Book of Ingenious Devices, Buckminster Fuller, Claude Shannon: information theory, Clayton Christensen, colonial exploitation, computer age, conceptual framework, crowdsourcing, cuban missile crisis, Drosophila, Fellow of the Royal Society, game design, global village, Hedy Lamarr / George Antheil, HyperCard, invention of air conditioning, invention of the printing press, invention of the telegraph, Islamic Golden Age, Jacquard loom, Jacquard loom, Jacques de Vaucanson, James Watt: steam engine, Jane Jacobs, John von Neumann, joint-stock company, Joseph-Marie Jacquard, Landlord's Game, lone genius, megacity, Minecraft, Murano, Venice glass, music of the spheres, Necker cube, New Urbanism, Oculus Rift, On the Economy of Machinery and Manufactures, pattern recognition, pets.com, placebo effect, probability theory / Blaise Pascal / Pierre de Fermat, profit motive, QWERTY keyboard, Ray Oldenburg, spice trade, spinning jenny, statistical model, Steve Jobs, Steven Pinker, Stewart Brand, supply-chain management, talking drums, the built environment, The Great Good Place, the scientific method, The Structural Transformation of the Public Sphere, trade route, Turing machine, Turing test, Upton Sinclair, urban planning, Victor Gruen, Watson beat the top human players on Jeopardy!, white flight, Whole Earth Catalog, working poor, Wunderkammern
But perhaps the most extraordinary passage comes when she attempts to integrate the global reach of the spice trade into a broader story of Divine Purpose: God, she explained, saw fit to distribute the “good things of his creation . . . into the most remote places of the universal world . . . he having so ordained that the one land may have need of the other; and thereby, not only breed intercourse and exchange of their merchandise and fruits, which do so superabound in some countries and want in others, but also engender love and friendship between all men, a thing naturally divine.” Knowing the grim history that was to follow—almost four hundred years of colonial exploitation and slavery in pursuit of those “good things”—it is hard not to be cynical, if not outright appalled, by the talk of “love and friendship between all men.” But Elizabeth does hit upon an essential fact: that spices were distributed into the “most remote places of the universal world.” The taste for those spices compelled human beings to invent new forms of cartography and navigation, new ships, new corporate structures, not to mention new forms of exploitation—all in the service of shrinking the globe so that pepper raised in Sumatra might more efficiently be delivered to the kitchens of London or Amsterdam.
Equal Is Unfair: America's Misguided Fight Against Income Inequality by Don Watkins, Yaron Brook
3D printing, Affordable Care Act / Obamacare, Apple II, barriers to entry, Berlin Wall, Bernie Madoff, blue-collar work, business process, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, collective bargaining, colonial exploitation, corporate governance, correlation does not imply causation, Credit Default Swap, crony capitalism, David Brooks, deskilling, Edward Glaeser, Elon Musk, en.wikipedia.org, financial deregulation, immigration reform, income inequality, indoor plumbing, inventory management, invisible hand, Isaac Newton, Jeff Bezos, Jony Ive, laissez-faire capitalism, Louis Pasteur, low skilled workers, means of production, minimum wage unemployment, Naomi Klein, new economy, obamacare, Peter Singer: altruism, Peter Thiel, profit motive, rent control, Ronald Reagan, Silicon Valley, Skype, statistical model, Steve Jobs, Steve Wozniak, The Spirit Level, too big to fail, trickle-down economics, Uber for X, urban renewal, War on Poverty, women in the workforce, working poor
Instead of equally poor hordes battling over scraps, everyone is able to prosper at the same time. In America today, even those who are poor relative to their neighbors are among the richest people in history. Unfortunately, some have not benefited from human progress, namely the people who live in those parts of the world that have not industrialized. In some tragic cases, they have been victims of invasion and colonial exploitation. But this is not the cause of their poverty, nor was colonization the main source of the West’s prosperity. The West’s prosperity came from creating the conditions under which individuals could think, create, trade, and prosper. Today, more and more of the world is following our lead, with the result that billions around the globe have been liberated from poverty in recent decades: since 1981, the fraction of the earth’s population living on less than a dollar a day has dropped from over 40 percent to only 14 percent.23 This is an incredible achievement.
Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity by Douglas Rushkoff
3D printing, Airbnb, algorithmic trading, Amazon Mechanical Turk, Andrew Keen, bank run, banking crisis, barriers to entry, bitcoin, blockchain, Burning Man, business process, buy low sell high, California gold rush, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, centralized clearinghouse, citizen journalism, clean water, cloud computing, collaborative economy, collective bargaining, colonial exploitation, Community Supported Agriculture, corporate personhood, crowdsourcing, cryptocurrency, disintermediation, diversified portfolio, Elon Musk, Erik Brynjolfsson, ethereum blockchain, fiat currency, Firefox, Flash crash, full employment, future of work, gig economy, Gini coefficient, global supply chain, global village, Google bus, Howard Rheingold, IBM and the Holocaust, impulse control, income inequality, index fund, iterative process, Jaron Lanier, Jeff Bezos, jimmy wales, job automation, Joseph Schumpeter, Kickstarter, loss aversion, Lyft, Mark Zuckerberg, market bubble, market fundamentalism, Marshall McLuhan, means of production, medical bankruptcy, minimum viable product, Naomi Klein, Network effects, new economy, Norbert Wiener, Oculus Rift, passive investing, payday loans, peer-to-peer lending, Peter Thiel, post-industrial society, profit motive, quantitative easing, race to the bottom, recommendation engine, reserve currency, RFID, Richard Stallman, ride hailing / ride sharing, Ronald Reagan, Satoshi Nakamoto, Second Machine Age, shareholder value, sharing economy, Silicon Valley, Snapchat, social graph, software patent, Steve Jobs, TaskRabbit, trade route, transportation-network company, Turing test, Uber and Lyft, Uber for X, unpaid internship, Y Combinator, young professional, Zipcar
Once the new acquisition is absorbed, however, it is subjected to the same sorts of cost cutting that befell the parent. The expected “synergies” never quite pan out, which is why 80 percent of mergers and acquisitions end up reducing profit on both sides of the deal.17 Other companies attempt to lower expenses by outsourcing core competencies. Offshoring allows corporations to utilize workforces as they did back in the good old days of colonial exploitation. Finding employees overseas to work for almost nothing is easy. Indebted nations make the easiest targets. Forced to service their loans by exporting their local crops and resources, such countries can no longer offer subsistence farming opportunities to their citizens. So foreign multinational corporations end up with monopolies on employment and trade very similar to the kinds they enjoyed back in the 1600s.
agricultural Revolution, airport security, Anton Chekhov, Ayatollah Khomeini, Berlin Wall, British Empire, colonial exploitation, complexity theory, computer age, crony capitalism, demographic transition, Deng Xiaoping, Eratosthenes, European colonialism, F. W. de Klerk, failed state, Fall of the Berlin Wall, Francis Fukuyama: the end of history, global village, illegal immigration, Internet Archive, John Snow's cholera map, Khyber Pass, manufacturing employment, megacity, Mercator projection, out of africa, RAND corporation, risk tolerance, Ronald Reagan, South China Sea, special economic zone, Thomas Malthus, trade route, transatlantic slave trade, UNCLOS, UNCLOS
Consider the following quote from a lecture presented at the United States Naval War College by another noted economist, Jeffrey Sachs: "Virtually all of the rich countries of the world are outside the tropics, and virtually all of the poor countries are within them . . . climate, then, accounts for quite a significant proportion of the cross-national and cross-regional disparities of world income" (Sachs, 2000). That would seem to be a reasonable conclusion, but the condition of many of the world's poor countries results from a far more complex combination of circumstances including subjugation, colonialism, exploitation, and suppression that put them at a disadvantage that will long endure and for which climate may not be the significant causative factor Mr. Sachs implies. In any case, while it is true that many of the world's poor countries lie in tropical environs, many others, from Albania to Turkmenistan and from Moldova to North Korea, do not. The geographic message does not lend itself to environmental generalizations.
The Rational Optimist: How Prosperity Evolves by Matt Ridley
23andMe, agricultural Revolution, air freight, back-to-the-land, banking crisis, barriers to entry, Bernie Madoff, British Empire, call centre, carbon footprint, charter city, clean water, cloud computing, cognitive dissonance, collateralized debt obligation, colonial exploitation, colonial rule, Corn Laws, credit crunch, David Ricardo: comparative advantage, decarbonisation, dematerialisation, demographic dividend, demographic transition, double entry bookkeeping, Edward Glaeser, en.wikipedia.org, everywhere but in the productivity statistics, falling living standards, feminist movement, financial innovation, Flynn Effect, food miles, Gordon Gekko, greed is good, Hans Rosling, happiness index / gross national happiness, haute cuisine, Hernando de Soto, income inequality, income per capita, Indoor air pollution, informal economy, invention of agriculture, invisible hand, James Hargreaves, James Watt: steam engine, Jane Jacobs, John Nash: game theory, joint-stock limited liability company, Joseph Schumpeter, Kevin Kelly, knowledge worker, Kula ring, Mark Zuckerberg, meta analysis, meta-analysis, mutually assured destruction, Naomi Klein, Northern Rock, nuclear winter, oil shale / tar sands, out of africa, packet switching, patent troll, Pax Mongolica, Peter Thiel, phenotype, Plutocrats, plutocrats, Ponzi scheme, Productivity paradox, profit motive, purchasing power parity, race to the bottom, Ray Kurzweil, rent-seeking, rising living standards, Silicon Valley, spice trade, spinning jenny, stem cell, Steve Jobs, Steven Pinker, Stewart Brand, supervolcano, technological singularity, The Wealth of Nations by Adam Smith, Thorstein Veblen, trade route, transaction costs, ultimatum game, upwardly mobile, urban sprawl, Vernor Vinge, wage slave, working poor, working-age population, Y2K, Yogi Berra
Trade, says Johann Norberg, is like a machine that turns potatoes into computers, or anything into anything: who would not want to have such a machine at their disposal? Trade, for example, could transform Africa’s prospects. China’s purchases from Africa (not counting its direct investments there) quintupled in the Nineties and quintupled again in the Noughties, yet they still account for just 2 per cent of China’s foreign trade. China may be about to repeat some of Europe’s colonial exploitative mistakes in Africa, but in terms of being open to trade from the continent it puts Europe and America to shame. Farm subsidies and import tariffs on cotton, sugar, rice and other products cost Africa $500 billion a year in lost export opportunities – or twelve times the entire aid budget to the continent. Yes, of course, trade is disruptive. Cheap imports can destroy jobs at home – though in doing so they always create far more both at home and abroad, by freeing up consumers’ cash to buy other goods and services.
The Ascent of Money: A Financial History of the World by Niall Ferguson
Admiral Zheng, Andrei Shleifer, Asian financial crisis, asset allocation, asset-backed security, Atahualpa, bank run, banking crisis, banks create money, Black Swan, Black-Scholes formula, Bonfire of the Vanities, Bretton Woods, BRICs, British Empire, capital asset pricing model, capital controls, Carmen Reinhart, Cass Sunstein, central bank independence, collateralized debt obligation, colonial exploitation, Corn Laws, corporate governance, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, currency manipulation / currency intervention, currency peg, Daniel Kahneman / Amos Tversky, deglobalization, diversification, diversified portfolio, double entry bookkeeping, Edmond Halley, Edward Glaeser, Edward Lloyd's coffeehouse, financial innovation, financial intermediation, fixed income, floating exchange rates, Fractional reserve banking, Francisco Pizarro, full employment, German hyperinflation, Hernando de Soto, high net worth, hindsight bias, Home mortgage interest deduction, Hyman Minsky, income inequality, interest rate swap, Isaac Newton, iterative process, joint-stock company, joint-stock limited liability company, Joseph Schumpeter, Kenneth Rogoff, knowledge economy, labour mobility, London Interbank Offered Rate, Long Term Capital Management, market bubble, market fundamentalism, means of production, Mikhail Gorbachev, money: store of value / unit of account / medium of exchange, moral hazard, mortgage debt, mortgage tax deduction, Naomi Klein, Nick Leeson, Northern Rock, pension reform, price anchoring, price stability, principal–agent problem, probability theory / Blaise Pascal / Pierre de Fermat, profit motive, quantitative hedge fund, RAND corporation, random walk, rent control, rent-seeking, reserve currency, Richard Thaler, Robert Shiller, Robert Shiller, Ronald Reagan, savings glut, seigniorage, short selling, Silicon Valley, South Sea Bubble, sovereign wealth fund, spice trade, structural adjustment programs, technology bubble, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Malthus, Thorstein Veblen, too big to fail, transaction costs, value at risk, Washington Consensus, Yom Kippur War
Equipment was affordable, energy available and labour so abundant that manufacturing textiles in China or India ought to have been a hugely profitable line of business.13 Yet, despite the investment of over a billion pounds of Western funds, the promise of Victorian globalization went largely unfulfilled in most of Asia, leaving a legacy of bitterness towards what is still remembered to this day as colonial exploitation. Indeed, so profound was the mid-century reaction against globalization that the two most populous Asian countries ended up largely cutting themselves off from the global market from the 1950s until the 1970s. Moreover, the last age of globalization had anything but a happy ending. On the contrary, less than a hundred years ago, in the summer of 1914, it ended not with a whimper, but with a deafening bang, as the principal beneficiaries of the globalized economy embarked on the most destructive war the world had ever witnessed.
The Great Escape: Health, Wealth, and the Origins of Inequality by Angus Deaton
Admiral Zheng, agricultural Revolution, Branko Milanovic, BRICs, British Empire, call centre, clean water, colonial exploitation, Columbian Exchange, declining real wages, Downton Abbey, financial innovation, germ theory of disease, Gini coefficient, illegal immigration, income inequality, invention of agriculture, invisible hand, John Snow's cholera map, knowledge economy, Louis Pasteur, low skilled workers, new economy, purchasing power parity, randomized controlled trial, rent-seeking, rising living standards, Ronald Reagan, Simon Kuznets, Steve Jobs, Steven Pinker, structural adjustment programs, The Spirit Level, too big to fail, trade route, very high income, War on Poverty
Some countries in South and East Asia have seized the opportunity to begin to catch up, and they have lifted millions of their people from poverty and saved millions from early death. Yet stark inequalities remain. Since World War II, rich countries have tried to help close these gaps using foreign aid. Foreign aid is the flow of resources from rich countries to poor countries that is aimed at improving the lives of poor people. In earlier times, resources flowed in the opposite direction, from poor countries to rich countries—the spoils of military conquest and colonial exploitation. In later periods, rich-country investors sent funds to poor countries to seek profits, not to seek better lives for the locals. Trade brought raw materials to the rich countries in exchange for manufactured goods, but few poor countries have succeeded in becoming rich by exporting raw materials. Many have been left with a legacy of foreign ownership and internal inequality. Against this history, foreign aid, which is explicitly designed to benefit the recipients, is something completely different.
Wireless by Stross, Charles
anthropic principle, back-to-the-land, Benoit Mandelbrot, Buckminster Fuller, Cepheid variable, cognitive dissonance, colonial exploitation, cosmic microwave background, epigenetics, finite state, Georg Cantor, gravity well, hive mind, jitney, Khyber Pass, Magellanic Cloud, mandelbrot fractal, peak oil, phenotype, Pluto: dwarf planet, security theater, sensible shoes, Turing machine
I mean, that the alternate-Americans wiped them out in an act of colonialist imperialist aggression but did not survive their treachery,” he adds hastily. Misha’s lips quirk in something approaching a grin: “Better work on getting your terminology right the first time before you see Brezhnev, comrade,” he says. “Yes, you are correct on the facts, but there are matters of interpretation to consider. No colonial exploitation has occurred. So either the perpetrators were also wiped out, or perhaps . . . Well, it opens up several very dangerous avenues of thought. Because if New Soviet Man isn’t home hereabouts, it implies that something happened to them, doesn’t it? Where are all the true communists? If it turns out that they ran into hostile aliens, then . . . Well, theory says that aliens should be good brother socialists.
A Line in the Tar Sands: Struggles for Environmental Justice by Tony Weis, Joshua Kahn Russell
Bakken shale, bilateral investment treaty, call centre, carbon footprint, clean water, colonial exploitation, conceptual framework, corporate social responsibility, decarbonisation, Deep Water Horizon, en.wikipedia.org, energy security, energy transition, Exxon Valdez, failed state, global village, guest worker program, happiness index / gross national happiness, hydraulic fracturing, immigration reform, investor state dispute settlement, invisible hand, LNG terminal, market fundamentalism, means of production, Naomi Klein, new economy, Occupy movement, oil shale / tar sands, peak oil, profit maximization, race to the bottom, smart grid, special economic zone, working poor
The links between modern free trade agreements, North American fossil fuel export pipelines, and the history of colonization must be made visible. Some of this analysis can be found in a publication entitled Colonization Redux: New Agreements, Old Games, which argues that “while some may see the bewildering proliferation of bilateral FTAs (Free Trade Agreements) and BITs (Bilateral Investment Treaties) throughout the world as a relatively new phenomenon,” in fact this mania “has deep roots,” which “lie in a long history of colonial exploitation, capitalism and imperialism. The classic colonial state was structured for the exploitation and extraction of resources.”11 An Alternative Approach Considering the limitations of previous campaigns against the FIPA with China can help us to achieve more effective analysis and resistance in the future. We need an alternative approach to these campaigns around transnational investments.
Life Inc.: How the World Became a Corporation and How to Take It Back by Douglas Rushkoff
affirmative action, Amazon Mechanical Turk, banks create money, big-box store, Bretton Woods, car-free, colonial exploitation, Community Supported Agriculture, complexity theory, computer age, corporate governance, credit crunch, currency manipulation / currency intervention, David Ricardo: comparative advantage, death of newspapers, don't be evil, Donald Trump, double entry bookkeeping, easy for humans, difficult for computers, financial innovation, Firefox, full employment, global village, Google Earth, greed is good, Howard Rheingold, income per capita, invention of the printing press, invisible hand, Jane Jacobs, John Nash: game theory, joint-stock company, Kevin Kelly, laissez-faire capitalism, loss aversion, market bubble, market design, Marshall McLuhan, Milgram experiment, moral hazard, mutually assured destruction, Naomi Klein, new economy, New Urbanism, Norbert Wiener, peak oil, place-making, placebo effect, Ponzi scheme, price mechanism, price stability, principal–agent problem, private military company, profit maximization, profit motive, race to the bottom, RAND corporation, rent-seeking, RFID, road to serfdom, Ronald Reagan, short selling, Silicon Valley, Simon Kuznets, social software, Steve Jobs, Telecommunications Act of 1996, telemarketer, The Wealth of Nations by Adam Smith, Thomas L Friedman, too big to fail, trade route, trickle-down economics, union organizing, urban decay, urban planning, urban renewal, Vannevar Bush, Victor Gruen, white flight, working poor, Works Progress Administration, Y2K, young professional
Having for too long outsourced our own savings and investing to Wall Street, we are clueless about how to invest in the real world of people and things. We identify with the plight of abstract corporations more than that of flesh-and-blood human beings. We engage with corporations as role models and saviors, while we engage with our fellow humans as competitors to be beaten or resources to be exploited. Indeed, the now-stalled gentrification of Brooklyn had a good deal in common with colonial exploitation. Of course, the whole thing was done with more circumspection, with more tact. The borough’s gentrifiers steered away from explicitly racist justifications for their actions, but nevertheless demonstrated the colonizer’s underlying agenda: instead of “chartered corporations” pioneering and subjugating an uncharted region of the world, it was hipsters, entrepreneurs, and real-estate speculators subjugating an undesirable neighborhood.
airport security, anti-communist, Asian financial crisis, bank run, banking crisis, Bretton Woods, British Empire, call centre, clean water, colonial exploitation, colonial rule, Edward Glaeser, European colonialism, failed state, farmers can use mobile phones to check market prices, George Akerlof, Hernando de Soto, income inequality, income per capita, Indoor air pollution, invisible hand, Kenneth Rogoff, laissez-faire capitalism, land reform, land tenure, microcredit, moral hazard, Naomi Klein, purchasing power parity, randomized controlled trial, Ronald Reagan, Scramble for Africa, structural adjustment programs, The Fortune at the Bottom of the Pyramid, the scientific method, The Wealth of Nations by Adam Smith, transaction costs, War on Poverty, Xiaogang Anhui farmers
As many as 3.4 million Congolese are still refugees.61 After five centuries of European intervention, the DRC is still today contesting the record for worst and longest misgovernment. Many of the problems since independence are admittedly homegrown. I am not sure that the DRC would be a prosperous place if the Europeans had never come. But after five centuries of European violence, slavery, paternalism, colonialism, exploitation, and aid to prop up bad rulers after independence, the DRC is an extreme example of why the West’s successive interventions of exploitation, colonization, foreign aid, and nation-building have not worked out well. White Mischief If you thought European colonization was bad, decolonization was not much better. Planners did decolonization as a crash utopian program to create whole new nations overnight.
The Dawn of Innovation: The First American Industrial Revolution by Charles R. Morris
air freight, British Empire, business process, California gold rush, clean water, colonial exploitation, computer age, Dava Sobel, en.wikipedia.org, glass ceiling, hiring and firing, if you build it, they will come, interchangeable parts, Isaac Newton, Jacquard loom, Jacquard loom, James Hargreaves, James Watt: steam engine, John Harrison: Longitude, joint-stock company, lone genius, manufacturing employment, new economy, New Urbanism, On the Economy of Machinery and Manufactures, purchasing power parity, QWERTY keyboard, refrigerator car, Robert Gordon, spinning jenny, Stephen Hawking, The Wealth of Nations by Adam Smith, trade route, transcontinental railway, traveling salesman
The heavy industry of the Midwest flowed from its resource endowment—coal and iron, food processing, a mechanized lumber industry—as well as derivatives from steamboat building, like engines, furniture, and glass. In the Northeast, its traditional industries like clocks, textiles, and shoes grew to global scale, along with big-ticket fabrication businesses like Baldwin locomotives, Collins steamships, Hoe printing presses, and the giant Corliss engines. The South, in the meantime, slipped into the position of an internal colony, exploiting its slaves and being exploited in turn by the Northeast and Midwest. Boston and New York controlled much of the shipping, insurance, and brokerage earnings from the cotton trade, while the earnings left over went for midwestern food, tools, and engines shipped down the Mississippi and its branches. The British, who were habitually dismissive of “Brother Jonathan,” their bumpkin transatlantic cousin, discovered American manufacturing prowess at London’s Great Crystal Palace Exhibition in 1851.
GCHQ by Richard Aldrich
Berlin Wall, British Empire, colonial exploitation, cuban missile crisis, friendly fire, illegal immigration, index card, Menlo Park, Mikhail Gorbachev, New Journalism, packet switching, private military company, Robert Hanssen: Double agent, Ronald Reagan, South China Sea, University of East Anglia, Yom Kippur War, Zimmermann PGP
He was then sent to London University on an advanced Russian course, but he did not fit in well and failed the course after three months. His rank and privileges were taken from him, and he returned to a mundane life in the stores.8 Still only twenty-one, Prime secured a posting to Kenya, and was promoted back to corporal. He filled his spare time by learning Swahili, becoming fluent and speaking with the native labour force at his airbase. He was shocked by the poverty and what he saw as the colonial exploitation of Kenya. He also disliked the racist attitudes of the long-term European settlers, and on one occasion reported an officer for treating a Kenyan badly. It was at this point in his life that Prime began to take an interest in Communist radio broadcasts and to read the magazine Soviet Weekly. By the time he returned to Britain in April 1962 he was more mature, and confident enough to apply for training in languages again.
When Cultures Collide: Leading Across Cultures by Richard D. Lewis
Ayatollah Khomeini, British Empire, business climate, business process, colonial exploitation, corporate governance, global village, haute cuisine, hiring and firing, invention of writing, Mahatma Gandhi, new economy, oil shale / tar sands, open borders, profit maximization, profit motive, Scramble for Africa, Silicon Valley, trade route, transaction costs, upwardly mobile, urban sprawl, women in the workforce
Color, charisma and rhetoric come naturally to Africans, enhanced, of course, by improved education. When conducting a business meeting, warmth is tempered by tenacity in defending tribal interest. Listening Habits Africans are courteous listeners, though some repetition is advisable. They do not like being rushed verbally—their own elders have innate patience. Although resentment over colonial exploitation doesn't always follow eager to learn fatalistic anxious to find trust listens respectfully suspicious of hurried communication Figure 15.5 Black South African Listening Habits 220 WHEN CULTURES COLLIDE suspicious of “ex-colonialists,” blacks are quickly gratified by reasonable establishment of trust between parties. Behavior at Meetings and Negotiations Meetings with black South Africans tend to be folksy and chatty and do not strictly adhere to agendas.
affirmative action, anti-communist, banking crisis, battle of ideas, Boycotts of Israel, Bretton Woods, British Empire, capital controls, central bank independence, Chelsea Manning, colonial exploitation, colonial rule, corporate social responsibility, credit crunch, cuban missile crisis, Deng Xiaoping, Edward Snowden, energy security, energy transition, European colonialism, eurozone crisis, experimental subject, F. W. de Klerk, facts on the ground, failed state, financial innovation, Food sovereignty, Francis Fukuyama: the end of history, full employment, future of journalism, high net worth, invisible hand, Julian Assange, Mikhail Gorbachev, millennium bug, Mohammed Bouazizi, Monroe Doctrine, Naomi Klein, Northern Rock, RAND corporation, Ronald Reagan, Silicon Valley, South China Sea, statistical model, structural adjustment programs, too big to fail, trade liberalization, trade route, UNCLOS, UNCLOS, uranium enrichment, Washington Consensus, WikiLeaks, éminence grise
By attaching an economic dimension to the issue—not to mention the thoroughly discredited notion of “Manifest Destiny,” whereby the US (echoing the malicious justifications of other European powers) was supposedly engaged in “civilizing” what it saw as “savage” nations—the security establishment sought to create a gentler cover for what, by any standard, was sheer colonial expansionism. The US also tried to create a showcase colony out of the Philippines, hoping to project an aura of benign patronage; Washington, cognizant of domestic political sensitivities, tried to counter the perception that it was engaged in European-style colonial exploitation.6 As Neil Sheehan succinctly explains: The United States did not seek colonies as such. Having overt colonies was not acceptable to the American political conscience. Americans were convinced that their imperial system did not victimize foreign peoples. “Enlightened self-interest” was the sole national egotism to which Americans would admit … Americans perceived their order as a new and benevolent form of international guidance.
The Prize: The Epic Quest for Oil, Money & Power by Daniel Yergin
anti-communist, Ayatollah Khomeini, bank run, Berlin Wall, British Empire, colonial exploitation, Columbine, cuban missile crisis, energy security, European colonialism, Exxon Valdez, financial independence, fudge factor, informal economy, joint-stock company, land reform, megacity, Mikhail Gorbachev, Monroe Doctrine, new economy, North Sea oil, oil rush, oil shale / tar sands, oil shock, postnationalism / post nation state, price stability, RAND corporation, rent-seeking, Ronald Reagan, shareholder value, Thomas Malthus, Yom Kippur War
He could be a bulwark against the Soviet Union and an agent of reform; the alternative to Mossadegh was communism. And, throughout, Cold War considerations and fears shaped American policies and perceptions more than British. In any event, there were, as far as Washington was concerned, good enough grounds to be opposed to old-fashioned British imperialism. No less an authority than President Harry Truman said that Sir William Fraser of Anglo-Iranian looked like a "typical nineteenth-century colonial exploiter." The Americans understood, better than the British, that Mossadegh's great problem centered on his rivals within Iran; he was always constrained by the need to keep at bay those who were more nationalistic, more extreme, more fundamentalist, and more antiforeigner than he. In the meantime, he would improvise and play off the great powers and never quite compromise. Eventually, the Americans lost patience with him.
"Biographic Outline, Mohammed Mossadeq," Memorandum for the President, October 22, 1951; CIA, "Probable Developments in Iran Through 1953," NIE-75/1, January 9, 1953, President's Secretary's File, Truman papers. H. W. Brands, Inside the Cold War: hoy Henderson and the Rise of the American Empire, 1918-1961 (Oxford: Oxford University Press, forthcoming), chap. 18 (fainting spells); Anthony Eden, Full Circle (Boston: Houghton Mifflin, 1960), p. 219 ("Old Mossy"); Painter, Oil and the American Century, p. 173 ("colonial exploiter"); Acheson, Present at the Creation, p. 651 ("great actor"); Interviews with George McGhee and Peter Ramsbotham ("Moslem"); Vernon Walters, Silent Missions (Garden City, N.Y.: Doubleday, 1978), p. 262; C. M. Woodhouse, Something Ventured (London: Granada, 1982), pp. 113-14; Louis, British Empire, pp. 651-53 ("lunatic" and "cunning"); Paul Nitze, From Hiroshima to Glasnost, pp. 130-37.  Interviews; Louis, British Empire, pp. 667-74 ("Suez Canal"); Notes, June 27, 1951, EP 1531/ 870, FO 371/ 91555, PRO (Churchill); Alistair Home, Harold Macmillan, vol. 1, 1894-1956, (New York: Viking, 1988), p. 310; H.
The Sum of All Fears by Tom Clancy
accounting loophole / creative accounting, airport security, Benoit Mandelbrot, British Empire, colonial exploitation, complexity theory, cuban missile crisis, demand response, financial independence, index card, mandelbrot fractal, trade route, uranium enrichment
The strong drip coffee only made her mood the fouler, a thought that stopped her in her tracks and forced a self-directed smile she never bothered displaying for any of the security personnel who checked her pass every morning at the west ground-level entrance. They were just cops, after all, and cops were nothing to get excited about. Food was served by Navy stewards, and the only good thing about them was that they were largely minorities, many Filipinos in what she deemed a disgraceful carryover from America's colonial-exploitation period. The long-service secretaries and other support personnel were not political, hence mere bureaucrats of one description or another. The important people in this building were political. What little charm E.E. had was saved for them. The Secret Service agents observed her movements with about as much interest as they might have accorded the President's dog, if he'd had a dog, which he didn't.