Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Putting Tesla’s EV Car Recall into Perspective

April 27, 2017 (Wishful-Thinking) - News coverage about electric car manufacturer Tesla’s recent recall of over 50,000 vehicles over potentially faulty parking brakes has followed a narrative summed up by articles like Ars Technica’s, titled, “Its Always Some Else’s Fault — Tesla recalls 53,000 vehicles built in 2016 over faulty parking brake.”


In it, Ars Technica claims:
Tesla is voluntarily recalling 53,000 Model S and Model X electric vehicles because of problems with the parking brake. As was the case for Tesla’s last recall, the company is blaming someone else for the issue. Specifically, the electric parking brakes installed on the EVs “may contain a small gear that could have been manufactured improperly by our third-party supplier.”
It also notes that:
Quality control issues have plagued the young carmaker. Both the Wall Street Journal and Consumer Reports lambasted the Model X, and many electric motors in early Model S sedans appeared unable to last more than 60,000 miles.
What Ars Technica and other publications have failed to do, however, is put the Tesla recall into context. According to a 2016 U.S. News article titled, “The Biggest Car Recalls in History,” such context is provided.

Not only have other car manufacturers faced recalls many times larger (with millions of cars recalled at a time), the largest recall in automotive manufacturing history involved faulty parts used by multiple auto companies supplied by a third-party company, not unlike Tesla’s current recall.

U.S. News would report:
More than two dozen automakers were forced to recall close to 70 million vehicles in the biggest auto recall in U.S. history after receiving reports of a defect in airbags from Japanese supplier Takata. Honda recalled the most vehicles – more than six million – but Toyota, Fiat Chrysler, Nissan, Mazda, and others sent letters to owners while grappling with a supply shortage.
However, as Ars Technica pointed out, Tesla is a “young automaker,” while other companies have been established for decades, facing multiple gargantuan recalls in their respective histories, and still facing them regularly despite what many analysts have claimed Tesla lacks, “experience” with quality control.

What's Really Behind the Rise of the Cashless Economy?

January 29, 2017 (Tony Cartalucci - LocalOrg) - Geopolitical analyst, journalist, and activist James Corbett of the Corbett Report steps viewers through the real story behind India's recent, massive demonetization efforts - the story untold by prominent news agencies - and untold for a very good reason.


Corbett reveals the US develop agency USAID's role in preparing India for its demonetization campaign, as well as the special interests both within and beyond India's borders driving the efforts.

India's financial and economic shake up is a warning shot for the world - that the battle of financial technology to either liberate us all through decentralized peer-to-peer blockchain currencies, or render us under a centralized, global financial control grid ruled by a small circle of corporate-financier special interests is coming to a head.

For those to whom cryptocurrencies like BitCoin is a hobby, what has just transpired in India may provide the impetus to expand efforts to perfect and proliferate blockchain technology before cashless payment systems take over and displace all forms of currency, old and new.

For those who have yet to dig into cryptocurrencies or the details behind the emerging cashless global economy, Corbett's latest video is the perfect springboard into both.

LocalOrg seeks to explore local solutions to global problems by empowering people locally with education and technology to not only survive, but to thrive. 

Make the Bankers Pay

Iceland, Ireland pushing back against neo-feudalism.
by Tony Cartalucci 

Editor's Note: For more information, please read "Farmers group wants Ireland to follow Iceland and burn the bondholders.” 

May 12, 2012 - Across the dominion of the corporate-financiers on Wall Street and in the city of London, the reckless Ponzi schemes destroying the West's economy and plunging it into an economic depression have left politicians, the bought and paid for servants of corporate-financier hegemony, wringing the public dry to cover losses. In reality, when an enterprise fails because of criminality, incompetence or both, citizens are not demanded to pass the hat around to "bail them out." They are declared bankrupt, their assets (if they have any) are stripped, often if fraud is involved, executives and board members go to jail, and society attempts to fill the void with sounder enterprises run by more reputable people.

However, when the fraud and failure unfolds amongst the highest levels of corporate-financier power, amongst men who have organized wars that have sent millions to their deaths, overseen social "projects" that have left hundreds of thousands of women forcibly sterilized, and instead of going to jail, are showered with self-aggrandizing awards from institutions of their own creation. This faux-authority, faux-legitimacy has left the people subjected to their machinations with the illusion that they must pay for, heed, follow whatever solutions are then prescribed by the very elite who created the problem in the first place.

Indeed, if we want this current system to continue - it would be wise to follow their instructions to the letter. However, if we are unsatisfied with this system, it is important to not only protest these unjust measures, to refuse absolutely to abide by any of their edicts, but to create and promote our own programs to put society back on the rails of progress and moving forward.


Video: Max Keiser discusses a possible push-back by the Irish people against debt that isn't theirs.
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Iceland was one of the first nations during the latest round of global financier manipulation to say "no." The bankers created the problem, Icelanders said, so the bankers will pay for it, not the Icelandic people. Ireland has followed suit - in the face of a draconian, neo-feudal "house tax" leveled against the Irish - essentially forcing people to pay for the "privilege" of living on their own land, have overwhelming refused to pay it. While it may be "illegal" to say no to the neo-feudal house tax, paid to corporate-financiers who apparently see themselves as neo-lords, it is certainly not wrong. It is wrong, in fact, to heed to unjust laws created by self-serving minorities at the expense ($130 USD per home) of the majority.

The Irish have followed this noble defiance with a campaign - predictably muted by a willfully ignorant international media - called "Farmers For No." Farmers for No is an organization that is precisely what is needed - not austerity measures - but grassroots organizing and cooperation at a local level, to solve local economic woes, with local solutions. Farmers for No is currently campaigning to follow Iceland's example and vote no against austerity, and instead default on loans the Irish people are already being demanded to pay for, but loans they are in no way responsible for.

While Farmers for No is fighting its battle "far off" on the Emerald Isle, their fight is our fight. Whether you live in Greece, Spain, France, or England, across the sea in the United States, or in Asia - which is currently pursing the same sort of financier consolidation, directed by Wall Street and London, and leading to the very sort of catastrophic meltdown the West has just experienced, Farmers for No's battle is yours.


Video: Dr. Webster Tarpley explains how banker debt bailouts are not the responsibility of sovereign states. For more analysis by Dr. Tarpley, visit Tarpley.net
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Next, Farmers for No, and grassroots organizations around the financially-wrecked Western world, must begin devising, promoting, and implementing pragmatic programs of their own - after making it clear they will not accept such programs to be decided for them by the very people, criminals even, who created the problem in the first place.While we may differ in opinions as to what we should do, any program truly devised by the people and for the people will be preferable to anything devised by Wall Street, London, and other Western financiers gravitating toward their orbit. Most likely a synergy between local free market and national investments in production, real education, and infrastructure would be best. Additionally, taxing (with a Tobin tax) the banks themselves to bailout nations from monolithic and ever-increasing debt, should be considered in lieu of wringing dry the populations of the West with austerity.

However, whatever your opinion may be, nothing will happen so long as you sit on the sidelines, or worst yet, continue patronizing the corporations and banks behind economic, foreign, or domestic policies you disagree with. We must begin to organize ourselves, begin promoting and implementing our own ideas on a local level, leveraging technology to do so, and stop waiting for a "buffet of palatable options" to be spread out before us by the very criminals that have historically exploited, misled, and plundered our society for generations.