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Adam Smith observed in 1776 that economies work best when governments keep their clumsy thumbs off the free market's "invisible hand." Two generations later, in 1817, the British economist David Ricardo extended Smith's insights to global trade. Just as market forces lead to the right price and quantity of products domestically, Ricardo argued, free foreign trade optimizes economic outcomes internationally. Reading Adam Smith in Copenhagen -- the center of the small, open, and highly successful Danish economy -- is a kind of out-of-body experience. On the one hand, the Danes are passionate free traders. They score well in the ratings constructed by pro-market organizations. The World Economic Forum's Global Competitiveness Index ranks Denmark third, just behind the United States and Switzerland. Denmark's financial markets are clean and transparent, its barriers to imports minimal, its labor markets the most flexible in Europe, its multinational corporations dynamic and largely unmolested by industrial policies, and its unemployment rate of 2.8 percent the second lowest in the OECD (the Organization for Economic Cooperation and Development). On the other hand, Denmark spends about 50 percent of its GDP on public outlays and has the world's second-highest tax rate, after Sweden; strong trade unions; and one of the world's most equal income distributions. For the half of GDP that they pay in taxes, the Danes get not just universal health insurance but also generous child-care and family-leave arrangements, unemployment compensation that typically covers around 95 percent of lost wages, free higher education, secure pensions in old age, and the world's most creative system of worker retraining. Does Denmark have some secret formula that combines the best of Adam Smith with the best of the welfare state? Is there something culturally unique about the open-minded Danes? Can a model like the Danish one survive as a social democratic island in a turbulent sea of globali

The important debate on global warming under UN auspices provides but a partial picture of climate change; in addition to the devastating impacts of greenhouse gas emissions on the ozone layer, the World's climate can now be modified as part of a new generation of sophisticated "non-lethal weapons." Both the Americans and the Russians have developed capabilities to manipulate the World's climate. In the US, the technology is being perfected under the High-frequency Active Aural Research Program (HAARP) as part of the ("Star Wars") Strategic Defence Initiative (SDI). Recent scientific evidence suggests that HAARP is fully operational and has the ability of potentially triggering floods, droughts, hurricanes and earthquakes.

How Goldman Sachs gambled on starving the world's poor - and won, Against Market Fundamentalism, American Politics, Johann Hari

WASHINGTON, Jun 2, 2010 (IPS) - The resources society derives from nature have been horribly mismanaged and this will lead to the children of the world's poorest people remaining in poverty, according to Paul Collier. The easiest of these resources to regulate is fish, but we have not even managed to get that right, he said.

You can feel it. Or maybe you can't. It doesn't matter whether you feel it or not. It's happening. The story of the United States of America as we know it -- not merely as the world's dominant superpower, but as a discrete political, economic, and geographic entity -- is drawing to a close due to a convergence of emerging economic, environmental, and political crises. Nothing lasts forever, empires least of all. And this one, which only began to expand in earnest circa the year 1900, doesn't feel like it has the staying power of ancient Rome. Not at all.

"The No. 2 official on the Federal Reserve Board said Monday that he will retire, opening a third seat on what may be the world's most powerful economic body and giving President Obama a historic opportunity to reshape the central bank.\n\n[...]\n\nThe changes come at a time of epic transformation in, and intense scrutiny of, the Fed's mission. During the past two years, the Fed has taken extraordinary actions to contain a financial crisis and prop up the economy. Now the institution must decide how and when to wind down some of those emergency measures."

The scientific community has long agreed that our dependence on fossil fuels inflicts massive damage on the environment and our health, while warming the globe in the process. But beyond the damage these fuels cause to us now, what will happen when the world's supply of oil runs out? In a new video series from The Nation magazine and On The Earth Productions, Bill McKibben, Noam Chomsky, Nicole Foss, Richard Heinberg and other scientists, researchers and writers explain. Visit TheNation.com for more videos in this series.

Throughout this year I've devoted substantial attention to WikiLeaks, particularly in the last four weeks as calls for its destruction intensified.  To understand why I've done so, and to see what motivates the increasing devotion of the U.S. Government and those influenced by it to destroying that organization, it's well worth reviewing exactly what WikiLeaks exposed to the world just in the last year:  the breadth of the corruption, deceit, brutality and criminality on the part of the world's most powerful factions.

The scientific community has long agreed that our dependence on fossil fuels inflicts massive damage on the environment and our health, while warming the globe in the process. But beyond the damage these fuels cause to us now, what will happen when the world's supply of oil runs out? In a new video series from The Nation and On The Earth Productions, Bill McKibben, Noam Chomsky, Nicole Foss, Richard Heinberg and other scientists, researchers and writers explain. Go here to learn more about "Peak Oil and a Changing Climate," and to see the other videos in the series.

Some sixty percent of the world's economies will be so in debt by 2060 that their debt will be downgraded to "junk" status, effectively bankrupting the countries, says a report from Standard & Poor's ratings agency, which also warns that attempts to deal with the problem could cause social instability.

PART 2 of Threats to Freedom Series: Mechanization Makes it Logical for World's Oligarchs to Compete in Providing Industrial Output and Welfare

Economist and writer John Perkins was deeply involved in Washington's economic schemes to create a global empire. Now he tells RT what's come out of it - and who really controls the world's biggest economy.

Almost 40,000 people have died in apparent drug-related violence since December 2006, when President Felipe Calderon launched an offensive against drug cartels. Thousands of protesters rallied Sunday to condemn the government's strategy and to demand the resignation of the country's public safety se

Of all the topics on which I've focused, I've likely written most about America's two-tiered justice system -- the way in which political and financial elites now enjoy virtually full-scale legal immunity for even the most egregious lawbreaking, while ordinary Americans, especially the poor and racial and ethnic minorities, are subjected to exactly the opposite treatment: the world's largest prison state and most merciless justice system. That full-scale destruction of the rule of law is also the topic of my forthcoming book. But The New York Times this morning has a long article so perfectly illustrating what I mean by "two-tiered justice system" -- and the way in which it obliterates the core covenant of the American Founding: equality before the law -- that it's impossible for me not to highlight it.

A National Public Radio profile from last year points out that Taiwan has one of the world's best health care systems and it is cost efficient too. All Things Considered, April 15, 2008 · At the end of the 20th century, Taiwan became a rich country, almost overnight. But it still had a poor country's health care - about half the population had no coverage at all. So Taiwan set out to design a national health care system from scratch. What makes Taiwan unique is the way the country figured out how to cover everyone.

My first post here. Just joined. Live in Taiwan and can attest to the brilliance of the healthcare system here. It's a much better model than Canda. (And I'm a Canadian.)

While it's not the most exciting name, it certainly speaks to the boat's size. Christened the PlanetSolar, the 101 foot by 49 foot yacht is hailed by its designers as the largest solar-powered ship in the world. Either way, we're certainly not going to argue - it's one big damn boat. The 66-ton PlanetSolar boasts a whopping 5,380 square feet of solar paneling, a 50-passenger capacity with a crew of two, and a cruising speed of 15 knots (or 17 miles per hour, comparable to the speed of an oil tanker). Built at the Knierim Yacht Club in Kiel, Germany, the PlanetSolar will embark in April on a tour that'll have it circumnavigating the world, a voyage which is expected to last 140 days and will see the ship visiting cities such as New York, Hong Kong, Marseille and Singapore. Check out more of the solar yacht in the gallery below.