Series: Deriving Capital's Future

How to save the world from the capitalist madness!

This entry is part 8 of 8 in the series Deriving Capital's Future

From around 2003 the lending was over-extended, and households took out loans that were unlikely to be repaid: the now-familiar story of ‘sub-prime’ and ‘originate-to-distribute’. Significant parts of labour failed to deliver the repayments which formed the income streams of the mortage-backed securities.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-8/

Capitalism – Titanic without life boats for the masses!

This entry is part 7 of 8 in the series Deriving Capital's Future

‘Who does labour confront when in confronts capital?’ was always a difficult question to specify, but it has become more complex. Labour now confronts a competitive system of calculation, which we name as ‘capital’.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-7/

How the 1% drove 99% to debt and destruction – US experience

This entry is part 6 of 8 in the series Deriving Capital's Future

… the owner of the security owns the income stream from the toll roads but without owning the roads themselves. … owns the stream of interest payment on mortages, but does not own the mortages themselves.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-6/

They own your loans, your income and your life – how to take it back?

This entry is part 5 of 8 in the series Deriving Capital's Future

What sorts of income streams have formed the basis of securities issuance? : ‘aircraft leases, home equity loans, auto loans and leases, manufactured housing, credit card receivables, small business loans, dealer floor plan loans, student loans, equipment loans and leases, franchise loans, time share loans, health care receivables, and tobacco settlements’.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-5/

How globalized gambling started driving our lives

This entry is part 4 of 8 in the series Deriving Capital's Future

The market based allocation of resources model started taking more and more bizarre forms and now ends up as an organized gambling by the richest 1% with the lives of billions and the future of our entire planet.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-4/

A cut from our electricity bill goes to gamblers!

This entry is part 3 of 8 in the series Deriving Capital's Future

the existence of the security means that the payment for electricity by households is not simply an act of consumption, constituting the end of a process of electricity production and distribution.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-3/

Home loans, Oil Price, Weather – Derivatives gamble on everything!

This entry is part 2 of 8 in the series Deriving Capital's Future

hese products are not entirely internal to the corporate and financial world. The process of securitization draws households into the mix, albeit as providers of income streams for securities rather than as market traders.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-2/

Derivatives – a demon sucking the world dry!

This entry is part 1 of 8 in the series Deriving Capital's Future

We conjecture that derivatives are not a pathological growth on capitalism – a distortion of some ‘true’ capitalism. They are integral to capitalism and the expression of its essential property relations and its inventiveness.

Permanent link to this article: http://new-democrats.com/deriving-capitals-future-part-1/

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