Links is going on vacation for the month of July. The next posting will be in August. See you then.
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She Defended Her Land Against a Mine in Guatemala. Then She Fled in Fear for Her Life. Intercept
Zapatista/CNI Call for Solidarity with Guerrero
Boeing’s 737 Max Software Outsourced to $9-an-Hour Engineers Bloomberg
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Facing up to Libra Michael Roberts
Libra is the latin word for pound in weight of silver or gold. It was a universal measure of value in Roman times. But Facebook’s Libra will be no such thing. It is not the future people’s currency controlled by the people. It is a privatized currency for commercial gain for Facebook and its investment backers. It will be owned and controlled by a board of multi-national corporate investors who will pledge capital to get it going.
The US dollar currency is owned by the US government. This is the same for other national currencies. As such, there are regulations and laws on how national currencies are issued. None of that will apply to Libra. Holders of Libra will have to trust Facebook and the investing board, not any government, that nothing will go wrong with their money.
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