From October 21st to 26th, Graz’s Elevate Festival once again stimulates new ways of thinking and listening through an extraordinary combination of electronic music, art and political discourse. Elevate highlights the role and importance of social movements as well as progressive initiatives in civil society and the importance of generating positive change in our society as a whole. At the same time, Elevate presents many live acts that offer fascinating odysseys into innovative worlds of sound far off the beaten path.
Each day the news confirm the extent to which the global systemic crisis has now entered into the phase of global geopolitical dislocation, even if the media only timidly begin to interpret the historic upheavals which unfold before our own eyes..
For LEAP/E2020, behind the « sophisticated » dissertations on the exit from the crisis and the end of the policies of support for the economy and the financial sector hides a very simple truth, but one which governments and central bankers are unable to express: they don’t know what to do? when to do it? how to do it? and if they should do it alone or with the other big global players? Indeed if the lack of preparation to the start of the crisis resulted from world leaders inability to imagine a crisis could happen, for many months now, it has been their inability to correctly judge the true situation of the world economy and the interaction of the large number of extraordinary measures taken everywhere on the planet which now condemns them to remain passive. Between now and the end of this semester, this lack of action will simply leave the place to mere reactions to social, economic and political events. All this will take place within a framework of complete disorder, reinforcing everyman-for-himself trends which have become clearer and clearer since the end of 2009.
Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece’s current debt woes.
Timeless describes moments outside of time – moments that exist so deep inside history that they break through that finite grid. Timeless: The Composer/Arranger Series compiled by Mochilla is an homage to the composer-arrangers that have influenced hip-hop in the most literal and profound ways.
When the slip knot around public deficits is going to strangle Western states and their social security systems
LEAP/E2020 believes that the global systemic crisis will experience a new tipping point from Spring 2010. Indeed, at that time, the public finances of the major Western countries are going to become unmanageable, as it will simultaneously become clear that new support measures for the economy are needed because of the failure of the various stimuli in 2009 (1), and that the size of budget deficits preclude any significant new expenditures.
The major trends at work in the 4th and 5th phases of the global systemic crisis (the decanting phase and the global geopolitical dislocation phase) are unveiling every day (1).
The British people are living in a fool’s paradise and have yet to understand the gravity of the economic crisis, according a former head of the Financial Services Authority.
