Julian Assange Prays for Oil Prices to Recover

b. traven With oil leading the way, the drop in world commodity prices has had a a politically destabilizing effect, particularly strongly on South America’s most politically progressive¬† regimes, including Brazil, Venezuela, Argentina, Uruguay, and Ecuador. Although oil is the most prominent of these commodities, falling mineral and agricultural products prices, like soybeans native to…

Greece and the Idea of Debt

Eric Frith (This article originally appeared at Tropics of Meta and is used with the kind permission of the author.) The Greek sovereign debt crisis reached a climax early this week when, in an impromptu popular referendum, Greeks overwhelmingly rejected the terms of the bailout package offered by Eurozone leaders and the troika (the European…