Walmart: A sufficiently advanced capitalism is indistinguishable from socialism

I came across a blog a while back that argued that Walmart’s size and distribution has put them in a state-like position vis-a-vis their workers, the communities in which their stores are based, and the regulation of their distributors. When you think about it, there’s a strong congruity between communist architecture and Sam’s Club chic.… Continue reading Walmart: A sufficiently advanced capitalism is indistinguishable from socialism

A day late and a dollar short… (Iraqi currency cliches continue)

Steve at Cows and Graveyards correctly connects the upcoming oil extraction agreements in Iraq to peak oil. Yes, Iraq has the second largest oil reserves in the world, and as the global demand (mostly due to 40% increase in yearly consumption caused by the burgeoning Chinese economy) outstrips supply, prices will skyrocket unless the US… Continue reading A day late and a dollar short… (Iraqi currency cliches continue)