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Federico Campagna: The Mystery of Advertising and the City of the Future

Federico Campagna: The Mystery of Advertising and the City of the Future

By Federico Campagna: This text derives from a conversation with Robert Prouse Preamble: the flood As we witness the fireworks of global finance exploding in the sky, together with the narratives and hopes of the last three decades, we might be missing the silent activity that swarms around our feet. On the muddy ground of today’s semiotic life, the sudden lack of our attention to the moves of semiocapitalism has not led to any slowing of its processes … Read entire article »

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Joshua Clover: Autumn Of The Empire

Joshua Clover: Autumn Of The Empire

By Joshua Clover Giovanni Arrighi The Long Twentieth Century: Money, Power and the Origins of Our Times  Verso, 2010. 432 pp. Giovanni Arrighi Adam Smith in Beijing: Lineages of the Twenty-First Century  Verso, 2009. 418 pp. Richard Duncan The Dollar Crisis: Causes, Consequences, Cures 2nd Ed. Wiley, 2005. 324 pp. Robert Brenner The Economics of Global Turbulence Verso, 2006. 369 pp.   Part 1: Flight to Safety In the early days of the crisis everything was written on the waters, shifting moment to moment. Most eloquent was the mercurial renaming … Read entire article »

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Ian Traynor: Greece Set To Default On Massive Debt Burden, European Leaders Concede

Ian Traynor: Greece Set To Default On Massive Debt Burden, European Leaders Concede

By Ian Traynor: Bailout fund may be used to buy back Greek debt.  Markets in turmoil amid escalating anxiety. European leaders bowed to the inevitable and conceded that Greece is likely to default on its massive debt burden, which would be a first among the 17 countries using the euro. They also abruptly shifted tack in the eurozone debt crisis by raising the possibility of using the eurozone’s bailout fund to buy back Greek debt on the markets, meaning sizeable … Read entire article »

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Dominic Basulto: What Happens When Anonymous Gets A Bank?

Dominic Basulto: What Happens When Anonymous Gets A Bank?

By Dominic Basulto: The same people who brought you Wikileaks are back, and this time, they’ve created a virtual currency called Bitcoin that could destabilize the entire global financial system. Bitcoin is an open-source virtual currency generated by a computer algorithm that is completely beyond the reach of financial intermediaries, central banks and national tax collectors. Bitcoins could be used to purchase anything, at any time, from anyone in the world, in a transaction process that it … Read entire article »

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Paul Mason: Greek Default – End Of The World Or Small Patatas?

Paul Mason: Greek Default – End Of The World Or Small Patatas?

By Paul Mason: I got briefed heavily last week that if Greece defaults it could be another Lehman style event. Indeed, so did everybody else. The world’s media took this up and, lo, round about midnight sometime after the last Molotov cocktail was thrown on 15 June 2011, Angela Merkel decided there should be no private sector exposure to any soft rollover of Greek debt. I am now beginning to wonder. There is a lot of noise out … Read entire article »

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Justin Lewis: The Power Of Advertising – A Threat To Our Way Of Life

Justin Lewis: The Power Of Advertising – A Threat To Our Way Of Life

By Justin Lewis: Advertising is everywhere. Media that were once largely commercial free – from movies to the internet – now come replete with commercial messages. Not so long ago, most musicians were reluctant to see their work used to endorse shampoo or sneakers.  Today, the music and advertising industries are locked in a lucrative embrace. We now have commercials in our schools and on our clothes. They clog up – with increasing speed – nearly every form … Read entire article »

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