If you take an iPhone apart, every single technology in it was developed by some government grant, every single one. - Yanis Varoufakis

These lazy answers always flourish during periods of deflation. Deflation, ladies and gentlemen, was always going to be the result of this particular design of the euro and deflation begets monsters: it was Mussolini, it was Hitler; now it is [a new fascist international].

Why did the original Non-Aligned Movement fall prey to neo-imperialism's highest form, which is of course globalization, financialized capitalist globalization? The short answer is because capitalists, in practice, proved better internationalists than we were. Because they understood the nature of neo-imperialism better than we did, and that's why they won.

The dollar suddenly became something like an IOU issued by the hegemon. Before long, the global financial system was backed by IOUs issued by a hegemon who decided what foreigners holding those IOUs could do or couldn’t do with the IOUs issued by the hegemon.