All posts tagged: Financial Times

Anti-Capitalism is NOT Anti-Semitism

Austerity is a brutal crime against humanity. The rich get richer whilst the poor are starving. The 1% deserve to be held up to scrutiny, criticism and even prosecution. Attempts to distract from political rhetoric based around class, wealth or inequality with unfounded accusations or a focus on identity politics are nothing but a well-oiled machine protecting itself.

Africa Shifts to Putin, NOT the Other Way Around

Phil Butler, via NEO This afternoon I sat in dazed disbelief at a “news” story from Financial Times proclaiming Vladimir Putin’s “shift” to Africa. With a couple of centuries of imperialist mayhem behind the Anglo-European cohort, any photo op with Vladimir Putin and a desperate leader ends up a headline. Here’s the truth of the matter of Africa. With nowhere else to turn except to face ravaging tigers, Africa’s leaders look to the best alternatives. Authors Henry Foy and Nastassia Astrasheuskaya must have just emerged from imprisonment in the FT basement. This is the only explanation for reporters who are supposed to have an eye out for a real story to concoct one out of nothing. The lead of the story will astound some of you. As protests raged in Zimbabwe’s cities last week, with police firing live ammunition at crowds who barricaded roads with burning tires, the target of their anger was 8,000km away. If the Financial Times and other western mainstream media are locking journalists in cages and feeding them bullshit day and …

UK media admits that in Skripal case: due process ‘does not apply’ to Russia

by Alexander Mercouris at the Duran It is becoming increasingly difficult for the British authorities and for the British media to deny that ‘due process‘ – ie. the well-established system of rules for conducting fair and impartial trials and investigations in order to determine questions of guilt or innocence – are not being followed by the British authorities in the Skripal case. Here are some of the violations of due process the British authorities which in my opinion the British authorities are committing: (1) The British government is interfering in the conduct of a criminal investigation, with Prime Minister Theresa May and especially Foreign Secretary Boris Johnson pointing fingers at who they say is guilty (Russia) whilst the criminal investigation is still underway; (2) The British government has said that unless Russia proves itself innocent within a specific time the British government will conclude that it is guilty. As I have explained previously this reverses the burden of proof: in a criminal case it is the prosecution which is supposed to prove the defendant’s guilt, …

It’s now or never: G20 finance ministers argue in Shanghai while Europe is being shattered by the refugee question

by Heiner Flassbeck Replacing the G7 or G8 by the G20 was actually a good idea. But as often happens, the way in which the change was realised destroyed anything good about it. It is clear from the communiqué that the G 20 Finance Ministers (or, more correctly, their Secretaries of State) have worked out that there is serious disagreement over the desired direction of global economic policy (see here). Unfortunately, the text also proves that the Europeans steadfastly continue to adhere to their counterproductive policies. No one seems capable of stopping them. Remarkably, the ordinary German citizen is not allowed to learn any of this. The Frankfurter Allgemeine (FAZ) wrote, before the meeting even started, that Germany (read: Schäuble) is warning the other countries against further debt deficits and that both the IMF and the Chinese hosts consider his point of view to be correct. In fact, it is absolutely wrong, but that does not matter if one serves the greater cause of marginalising the left and crippling the much-needed state.  If one reads …

“ISIS inc” – The FT gives us the lowdown

A recent piece in the Financial Times called “ISIS inc” sets about trying to explain exactly how this ragtag group of a couple of thousand Wahhabis has somehow resisted the combined might of the “coalition” military to become a massively wealthy Wahhabi super villain. I think we should be grateful to the FT for giving us such a clear and concise picture of the official narrative, which goes like this: On the outskirts of al-Omar oilfield in eastern Syria, with warplanes flying overhead, a line of trucks stretches for 6km. Some drivers wait for a month to fill up with crude. Falafel stalls and tea shops have sprung up to cater to the drivers, such is the demand for oil. Traders sometimes leave their trucks unguarded for weeks, waiting for their turn….This is the land of Isis, the jihadi organisation in control of swaths of Syrian and Iraqi territory. Ok now I can see some of you might already be thinking “hang on, six km of stationary trucks? Falafel stalls and tea shops? It doesn’t …

Financial Times: Ukraine’s Army is Falling Apart

by Roman Olearchyk via Russia Insider The article in the Financial Times which we reproduce below is remarkable. It completely contradicts the Western and Ukrainian media picture of the Ukrainian situation, which is of a Ukraine bravely resisting “Russian aggression”. Some US commentators have even written – absurdly – of Ukraine fighting the Russian army to a standstill. The reality – as the article shows – is completely different. It is one of: (1) A deeply demoralised and disillusioned army, ill-equipped and poorly treated and trained, increasingly angry with Ukraine’s political and military leadership, which it feels has betrayed it; (2) Rising support within the army rank-and-file for Right Sector – an organisation whose very existence and influence the Financial Times has previously sought to conceal or deny; (3) Growing disillusion across Ukrainian society – not just the military – with a Maidan Revolution that has completely failed to end corruption and which is presiding over a collapsing economy; (4) A collapse in support for Ukraine’s political leadership. According to opinion polls support for Poroshenko …

From our roving correspondent, reporting from Athens, Greece

“…Greeks choose poverty, let them have their way,” said the Financial Times two days ago, with admirably Scrooge-like indifference to human suffering and a willingness to reverse truth in pursuit of propaganda that would have made Josef Goebbels proud. Maybe the author, Francesco Giavazzi should take a stroll around the streets of Athens… While the population of the EU North and West is being coached by its mass media to adopt an even-greater insensitivity to the plight of the Greek electorate and its overseas, migrant guests, in Athens itself, the sight of refugees from the Middle East camping in the open in the city’s public squares has become a regular feature of the urban environment. Last Sunday’s Flemish-language Standard assured its readers in Belgium that, with Tsipras’ announcement on Friday that Greece was seriously considering the possibility of joining the BRICS — a move which should surely be within its right as a sovereign nation and fully compatible with its member-standing in the EU — Greece “has lost its last friends in Europe.” For those …