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Anxiety turns to fear: Markets, energy, Pan and the Zeitgeist

The characteristic feeling of the post-2008 world has been one of anxiety. Occasionally, that anxiety breaks out into fear as it did in the last two weeks when stock markets around the world swooned and middle class and wealthy investors had a sudden visitation from Pan, the god from whose name we get the word "panic." Pan's appearance is yet another reminder that the relative stability of the globe from the end of World War II right up until 2008 is over. We are in uncharted waters.

Alternatives to Capitalism

It is said that capitalism believes in competition but hates competitors. With this thoughtful book, Robin Hahnel and Erik Olin Wright aim to strengthen the resources of anti-capitalist politics against the charge that ‘there is no alternative’.

Two Peachy Economies

I cheer for the local food movement every chance I get, but I’m a little uneasy with the word “local.” Just as all politics are local, as someone famous has said, all food is local.

Peak Oil Notes - Aug 27

A midweek update. Oil prices fell sharply on Monday in response to another sell off in China’s stock markets, trading for a while below $38 a barrel in New York; rebounded on Tuesday; and were down again on Wednesday with New York closing at $38.60 and London at $43.14.

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