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DWF News Network is our take on a web-based news network which will focus on foreign affair and world news. Learn More
The Earth Constitution would be a living document created by a world federal government and would be the beginning of world law. Learn More
Given his erratic behavior, from daily Twitter eruptions to upping his tally of lies by the hour, it’s hard to think of Donald Trump as a man with a plan. But in at least one area — reshaping the economy to serve the needs of the military-industrial complex — he’s (gasp!) a socialist in the making. His plan is now visibly taking shape — one we can see and assess thanks to a Pentagon-led study with a distinctly tongue-twisting title: “Assessing and Strengthening the Manufacturing and Defense Industrial Base and Supply Chain Resiliency of the United States.” The analysis is the brainchild of Trump’s adviser for trade and manufacturing policy, Peter Navarro, who happens to also be the key architect of the president’s trade wars…
He pointed out more than “90 per cent of the data that exists today in the world was created in the two last years,” noting that what while it used to cost $1 million to store a megabyte of data, the current price tag is less than two cents.
Technologies like blockchain – digital records linked together using encryption – or gene testing are now common technologies, he continued. “Artificial intelligence is everywhere, helping to buy and sell shares, helping police surveillance and even helping people to choose their soul mates,” he said. He asserted that technology is yielding enormous benefits…
John Maynard Keynes needs no introduction as the most important economist of the 20th century. His theories have shaped modern economics like few others. However, his vision for the international trade system, or bancor for short, has been mostly forgotten. As with anything even remotely Keynesian, the idea of bancor had a mini-resurgence in the wake of the 2009 crisis. George Monbiot wrote an article regarding bancor in the Guardian and the governor of the Bank of China, Zhou Xiaochuan, praised the idea in a speech. But this buzz has since died down. Bancor is a radical rethinking of international trade…