"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Showing posts with label colonialism. Show all posts
Showing posts with label colonialism. Show all posts

Saturday, January 19, 2008

Arthur Penty , socialist dreamer died January 19th 1937


The Leeds Arts Club was founded in 1903 by the Leeds school teacher Alfred Orage and Yorkshire textile manufacture Holbrook Jackson and Arthur Joseph Penty (1875 –1937), who was, like his father, an architect . Penty left Leeds for London in 1905 and was followed later in 1907 by Orage and Jackson who moved to London to edit the hugely influential cultural and political journal The New Age.

Penty's ideas were widely influential and he formed the ideas of guild socialism . In 1906, Arthur Penty published Restoration of the Gild System in which he opposed factory production and advocated a return to an earlier period of artisanal production organised through guilds. Orage, as editor of The New Age, took up,although in the context of modern industry rather than the medieval setting favoured by Penty.

This more revised version of the guild philosophy was also associated with the economist G.D.H.Cole who formed the National Guilds League in 1915 and published several books on guild socialism including Self-Government in Industry (1917) and Guild Socialism Restated (1920).

In the course of his life Penty produced many books and a small collected anthology was published The Gauntlet: A Challenge to the Myth of Progress, by Arthur J. Penty. Norfolk, VA: IHS Press, in 2003 all of which were illustrative of a naiive post industrial Christian workers Utopia.

The Distributist League, consisting of men such as (Roman Catholic) Hilaire Belloc, G. K. Chesterton, and (non Roman catholic) Arthur Penty among others, advocated the formation of communes based on “Christian principles” and revival of the Guild system such as flourished during the Middle Ages. The distributists were known for their unremitting opposition to Industrialism and Capitalism per se, and their call for a more equal distribution of material goods throughout society. Penty wrote a slim 24 page pamphlet Distributism: A Manifesto in 1937 which was published after his death on January 19th that year.

Having spent some time this last week on the Pennine moors and discussing the effects of the Enclosure acts and the early industrialisation ( we visited the relict moorland coke ovens that helped feed and establish the first iron foundries that built the engines and tools of the Industrial revolution - piss poor picture but it's been a bit rainy this last week) the words of Ludwig van Mises seem apt ...

"It is a distortion of facts to say that the factories carried off the housewives from the nurseries and the kitchens and the children from their play. These women had nothing to cook with and to feed their children. These children were destitute and starving. Their only refuge was the factory. It saved them, in the strict sense of the term, from starvation…. the fact remains that for the surplus population which the enclosure movement had reduced to dire wretchedness and for which there was literally no room left in the frame of the prevailing system of production, work in the factories was salvation. These people thronged into the plants for no reason other than the urge to improve their standard of living."
That the vocal and comfortable middle classes like Chesterton , Belloc and Penty hated the removal of the individual skills that the Catholic mediaeval guilds provided - naturally they welcomed the benefits that industrialisation had brought them.

Just as Lord Patel welcomed the cheap cosy waterproof clothing, and cheap waterproof boots made by Chinese refugees from mediaeval agricuture to clothe the world in the way Lancashire did when those coke ovens were working full blast.

A Distributist blog affords a curious insight onto the Catholic elements of Penty's ideas and their curretn adherents

Wednesday, April 11, 2007

Algiers rocked by Salafist / Al Quaeda bombs - 23 dead 162 injured


2 bombs exploded in Algiers today killing at least 23 people with 162 wounded.

A car bomb exploded 100 metres from the entrance to the Algerian prime minister's office (10.50 local time) in the center of Algiers while another bomb hit a suburban police station in the suburbs at Bab Ezzouar. GSPC, or Salafist Group for Preaching and Combat, Algeria's largest remaining Islamic guerrilla group were initially blamed.

Al-Jazeera television said a man identifying himself as Abu Muhammad Salah called the station's Rabat bureau to say he's al- Qaeda's spokesman in North Africa and that the group carried out the attacks. Agence France Presse reported the 2 suicide bombers and their photos were later published on an al-Qaeda linked Internet site.(see pic)

Parliamentary elections are due on May 17

Prime Minister Abdelaziz Belkhadem spoke publicly about an hour after the attack. "This criminal attack is perpetrated at the time when the Algerian people are seeking national reconciliation,'' he said. It is certain that these events will be used by the Government to further restrict even non-violent Islamic candidates from running in the May 17 elections.

The GSPC was founded in the mid-1990s as a rival to the Armed Islamic Groups, or GIA, Algeria's main Islamic guerrilla group. The civil war began after the military-backed government banned 1992 elections that the now banned Islamic Salvation Front was poised to win. While both groups want to impose an Islamic state, the GSPC objected to the GIA slaughter of civilians during the conflict that killed an estimated 200,000 people in the 1990s.

Unlike the GIA, the GSPC didn't accept a 1999 amnesty offer that largely brought the civil war to an end. After virtually disappearing in the mid-1990s, foreign direct investment hit $1.1 billion a year in 2001, 2002 and 2005, the most recent year available, the United Nations Conference on Trade and Development says.

Foreign Investment

UNCTAD reports growing foreign direct investment rising to $8.3 billion in 2005 from $3.1 billion in 1999, BP have huge developments in the interior for gas and oil development.

In 2003, the GSPC pledged allegiance to al-Qaeda. Ayman al- Zawahiri, who is said to be the top aide to al-Qaeda leader Osama bin Laden, reciprocated last September, announcing a "blessed union'' and saying the GSPC would be al-Qaeda's weapon to attack France and Algeria's military-dominated government, which cooperates closely with both France and the U.S.

The attacks follow the deaths of 4 alleged terrorists and a policeman yesterday in police raids in Morocco. Tunisian police and Islamic militants fought gun battles around Tunis last December

In a statement, French Foreign Minister Philippe Douste-Blazy expressed his 'horror and indignation' at the attacks and conveyed France's 'total solidarity' with the Algerian government's fight against terrorism.

Lord Patel posted recently about the Salafist / Al Quaeda link up and recent bombings of oil workers. Also the President's very low key visit last June to mee the Queen and buy arms.Plus the US$4Bn. worth of arms sold to Algeria in 2006 by Russia.

By the way, UK energy security is relying on LNG supplies from Algeria... and is a major investment zone for BP - the energy company.

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish