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Daily Pickings is a blog on issues and events related to the work of the Critical Thinking project and invariably references videos, articles, books and academic papers. Accumulation of these materials adds to the "Critical Thinking reference library". Use the search facility to find articles on specific topics or you can browse the titles of every Dailly Pickings article since inception via the Site Map for which you need to be registered.
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Financing the fabrication of terror

There is a regular refrain that anti-terrorist measures and exercises are keeping us "safe", backed up with disclosure that the authorities have foiled many terrorist plots. The chance of being a victim of terrorism is small yet extraordinary amounts of money are devoted to combating what is an insignificant threat in the UK or USA.

Financial incentives were prevalent in the sub-prime crisis - everyone in the sub-prime market from the house-buyers through to the banks issuing the mortgage backed securities were making money and it was in none of their interests to question their involvement. Perverse incentives are the primary driver of many of the issues we've been examining in the Critical Thinking project and the financing of anti-terrorism is no exception.

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Too big to fail? Now bigger

Daily Pickings has referred to the study published in the NewScientist in October 2011 which showed how 40% of 43,060 transnational corporations are controlled by 147 "super entities". Of the top 50 of these super entities, 45 are financial companies with the global banks well represented in the top 20.

In spite of all the talk about banks being too big to fail, they continue to get bigger and control more economic activity outside the banking sphere.

Giant Banks Take Over Real Economy As Well As Financial System … Enabling Manipulation On a Vast Scale

Hat tip to Rob for this

 

Climate change - weight of money

It is often claimed evil oil and coal interests (such as the Koch brothers) are funding man-made global warming scepticism. When challenged to produce figures, the most that is ascribed to funding "climate change denial" is less than $200million since the beginning of this century. Stacked against the $billions in carbon trading (c. $150billion pa), feed in tariffs for renewable energy, funding of flawed climate science studies and the "carbon" industry which has evolved to take advantage of the financial incentives, the money to fund "denial" is a drop in the ocean of pro-warmist funding. Well funded NGOs are part of the equation of misinformation.

CO2 and the Ideology of Climate Change: The Forces Behind “Carbon-Centric Environmentalism” By James F. Tracy

 

The net tightens

In 2012, the Kuala Lumpur War Crimes Tribunal found former US President George W. Bush, Vice-President Dick Cheney, Secretary of Defence Donald Rumsfeld and five of their legal advisers, guilty of war crimes. Since then a growing number of countries have become "off limits" to the likes of Bush for fear of being arrested as a war criminal. Obama is guilty of similar crimes to Bush (such as torture, drone strikes, targeted assassinations etc.) but as a serving president is unlikely to be similarly constrained until he leaves office. If Obama were to be indicted, it would be a strange irony in the context of the Nobel Peace Prize he received.

World Wide Arrest Warrants Issued For Bush And Obama 2013 (12 minute video)

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