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Mediaspace
For the first time Wand 5 e.V. was announcing an open competition to select the media-space 09 curatorteam. There were no limitations on the means of implementation. The purpose of this open competition was to establish a new experimental space - an >open space< in which artists can perform. (>> more) -
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The Capital Crime
‘Das Kapitalverbrechen / The Capital Crime‘ is the title of the coming week’s cover story of the german magazine ‘Der Spiegel’. It is an extensive report, which attempts to create a timeline for the understanding of the developing of the current financial crisis.
For the moment I only want to pick out two points, which I thought specifically interesting and/or telling and will either post here english references from the net or my own translation. I won’t add further comments for the moment, but highly appreciate any feedback.
point 1) “Derivatives are financial weapons of mass destruction.” brought up by Warren Buffet, one of the richest guys worlwide, as early as March 2003. >>> BBC reference / alternet reference
point 2) “If you just take and pass on mortgages, thus remove them spatially from the borrower and tie them to bundles together with other mortgages somewhere else, you depersonalize them from the original business. You cut the connections. And you ignore the nature of globalization, where everything is interconnected. But indeed you cannot cut connections any longer, as everything returns, because anything has an effect on everything. You bet on houses in Ohio and thereby might ruin the national economy in Iceland. You should be aware of these facts.”
excerpt taken from a german ‘Der Spiegel’ quote of Dov Seidman
These points reminded me again of Strange Weather ….. “In an increasingly confusing world, Strange Weather offers the opportunity to draw connections between the seemingly mundane details of your everyday life, and shifts in the increasingly unstable global environment.”
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5 Responses to “The Capital Crime”
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Where can I find this article in English?
Hi, when I read it it was the cover-story of the paper edition so I could not link it right away. Thanks to your request I now found the link ‘Der Bankraub’. Sorrily that is still in german only - also just looking through their english site did not bring any results. So the best I can suggest for the moment is to put it through babelfish and read it with all the automated language mistakes. I might try to write them as well ….
I tried searching for the article in English as well - no luck. I think it would be extremely valuable to have in English. Please write me at kowalski608@gmail.com if anyone finds it! Thanks in advance!!
-Patrick
Hi … as babelfish always showed mistakes .. I got a rough translation now via google translator >>> see here please ..
… and that is what I got from spiegel as a reply on my request: “es tut mir leid, Ihnen mitteilen zu müssen, dass es keine englische Übersetzung dieses Titels gibt und derzeit auch keine geplant ist.” … “we are sorry to tell you that we neither have nor plan an english translation of this text.”
Monika, thanks for the info. Too bad they don’t translate it… seems like a critical article that would give english speakers an important perspective..!