“This study considers the relationship between a global systemic banking, monetary and solvency crisis and its implications for the real-time flow of goods and services in the globalised economy. It outlines how contagion in the financial system could set off semi-autonomous contagion in supplychains globally, even where buyers and sellers are linked by solvency, sound money and bank intermediation. The cross-contagion between the financial system and trade/production networks is mutually reinforcing. It is argued that in order to understand systemic risk in the globalised economy, account must be taken of how growing complexity (interconnectedness, interdependence and the speed of processes), the de-localisation of production and concentration within key pillars of the globalised economy have magnified global vulnerability and opened up the possibility of a rapid and large-scale collapse. ‘Collapse’ in this sense means the irreversible loss of socio-economic complexity which fundamentally transforms the nature of the economy. …”
Obstetrical abuse and circumcision also imprint learned helplessness on the infant. The mechanisms of social control are everywhere, in the religious, economic and (of course) political systems of this country. And it’s certainly not confined to peasants. No one is more enslaved to the system than the “ruling” elite. We are controlled by the systems we create.
Hedges’ terminology confuses the empire, which is just the latest manifestation of the central banking cartel which took over the british empire in the 19th century, with the authentic constitutional american system, which it infiltrated and eventually murdered.