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asterisk2a : socialism   36

(9098) Did the Sokal affair "destroy postmodernism"? - YouTube
"society of the spectacle" - The Society of the Spectacle is a 1967 work of philosophy and Marxist critical theory by Guy Debord, in which the author develops and presents the concept of the Spectacle. The book is considered a seminal text for the Situationist movement. // Mass media and commodity fetishism - Comparison between religion and marketing https://en.wikipedia.org/wiki/The_Society_of_the_Spectacle --- In his analysis of the spectacular society, Debord notes that the quality of life is impoverished,[6] with such a lack of authenticity that human perceptions are affected, and an attendant degradation of knowledge, which in turn hinders critical thought.[7] Debord analyzes the use of knowledge to assuage reality: the spectacle obfuscates the past, imploding it with the future into an undifferentiated mass, a type of never-ending present; in this way the spectacle prevents individuals from realizing that the society of spectacle is only a moment in history, one that can be overturned through revolution.[8][9] << see by Byung-chul han - Psycho politics and the tired exhausted depressed worker who can't imagine getting up for a revolution. thus votes brexit and trump. where am I getting my pizza if we have a revolution?
Sociology  Philosophy  DonaldTrump  Donald  Trump  Brexit  book  Social  Media  Consumerism  Capitalism  Status  Anxiety  Individualism  Marx  Socialism  equality  poverty  trap  working  poor  rat  race 
5 weeks ago by asterisk2a
How #MeToo revealed the central rift within feminism today | News | The Guardian
It’s not a generational divide, but rather a split between two competing visions of feminism – social and individualist. // from a theoretical point of view feminism is socialism and socialism embraces feminism. feminism is a leg a pillar for socialism .. vs capitalisn neo hyper individualismus - what came first - feminism (sufferagettes) or socialism (atley, et al) historically, feminism came first. but interestingly not in germany. what is german timeline of feminism sufferagete womens vote and workers rights (pension and health and free sundays)
#MeToo  Philosophy  Sociology  Class  Feminism  feminist  History  book  socialism  capitalism  status  anxiety  individualism  Identity  Politics 
10 weeks ago by asterisk2a
£10,000 proposed for everyone under 55 - BBC News
https://www.reddit.com/r/BasicIncome/comments/7xx8pa/universal_basic_income_of_10000_proposed_for/ - To clarify, the article is proposing a lump sum of £10000 to be paid over two years. It's £5000 per year and, from what I understand, not proposed to be an ongoing program. // evidence for UBI in small form and socialism (same start opportunities capital pathways for all - see book why socialism). mix, hybrid. enabling self-development responsibility future thinking and such. labour market not affected, there is still incentive to do rewarding labour both financiall and socially and personally. also the advancement of technological-scientific chapter of humanity. somebody has to invent space steel ( multi compound alloy for space). //&! https://www.bloomberg.com/news/videos/2018-02-16/what-a-universal-basic-income-could-mean-for-the-labor-market-video
UBI  Universal  Basic  Income  Socialism  Infrastructure  inequality  social  mobility 
february 2018 by asterisk2a
UK state should pay for housing, food, transport and internet, says report | Business | The Guardian
UK state should pay for housing, food, transport and internet, says report
‘Universal basic services’ costing about £42bn could be funded through higher taxes, say Jonathan Portes and academics //&! http://www.bbc.co.uk/news/business-43078920 - Report proposes £10,000 for everyone under 55 - Most state benefits would be cut under the scheme. The RSA said the dividends would help steer people through the challenges of the 2020s. [...] "Without a real change in our thinking, neither tweaks to the welfare state nor getting people into work alone, when the link between hard work and fair pay has broken, will help working people meet the challenges ahead." [[...] space for skill acquisition, what UK system currently rules out completely ]]!!
UBI  Universal  Basic  Infrastructure  Income  commuter  urban  development  urbanisation  commuting  Socialism  Labour  Policy  SPD  air  pollution  chronic  stress  economic  history  UK  USA  Council  housing  discretionary  spending  disposable  growth  wage  Mark  Blyth  secular  stagnation  Precariat  working  poor  poverty  trap  GFC  recovery  skill  acquisition  social  mobility  education  ganularer  Lebenslauf  University  College  MOOC  meritocracy  Zufall 
february 2018 by asterisk2a
Why Antonio Gramsci is the Marxist thinker for our times : CriticalTheory
Communism will arrive through democracy and culture, not through a violent Revolution. Most people must be convinced to give socialism a shot in the government. He rejected the idea of "Dictatorship of the proletariat" as dangerous.
Marx  Socialism  Proletariat  Precariat  working  poor  poverty  trap 
february 2018 by asterisk2a
Women's vote: Pardoning suffragettes 'complicated' - BBC News
https://www.theguardian.com/politics/womens-suffrage - [non-reactionary movement = suffragette https://en.wikipedia.org/wiki/Suffragette is also a non-symptom of a greater thing. ] Equality campaign group the Fawcett Society and some relatives of the suffragettes are among those who called on the home secretary to overturn the convictions of women who were imprisoned while fighting for the vote. //&! https://www.theguardian.com/commentisfree/2018/feb/06/will-women-be-equal-men-hundred-years-gender-equality-panel - Will women be equal to men in 100 years? The panel verdict //&! https://www.theguardian.com/society/2018/feb/06/century-after-women-vote-barriers-exist-disabled-people &! https://www.theguardian.com/lifeandstyle/2018/feb/06/1910s-suffragettes-suffragists-fern-riddell - The 1910s: ‘We have sanitised our history of the suffragettes’
suffragette  movement  Feminism  Sociology  Psychology  LGBT  reactionary  symptom  Socialism  Labour  UK  Sexismus  sexism  history 
february 2018 by asterisk2a
(5400) Aufstieg oder Abstieg? | Exakt | MDR - YouTube
https://youtu.be/Zwht_rM_zqU // Herkunfts bestimmt, weil Herkunft laesst sich nicht abschuetteln. "Habitus" in Soziologie genannt. ... Socialism - Ganztagsgesamtschulen ... // Granulare Gesellschaft Granularer Lebenslauf
Sociology  social  mobility  income  diversity  BAME  Gesellschaft  Zivilgesellschaft  education  policy  Kindergarten  poverty  trap  Psychology  working  poor  Precariat  structural  unemployment  long-term  child  mental  health  environment  meritocracy  meritocratic  Austerity  Council  influence  Socialism  PISA  OECD  inequality  gini  Coefficient  UK  Germany  Abstieg  segregation  Elite  1%  middle  class  Super  Rich  Plutocracy  Lobby  Soziologie  post  code  lottery  discrimination  equality 
january 2018 by asterisk2a
(4602) Camille Paglia: How to Deal with Men Like Harvey Weinstein - YouTube
super rant / Camille Paglia: How to Deal with Men Like Harvey Weinstein // ?TERF much? // post-modernism critic? eg Wittgenstein and Foucault // Freud // Jung //// Peterson interviews Paglia - https://www.youtube.com/watch?v=v-hIVnmUdXM //&! https://www.youtube.com/watch?v=G9EZbSTAgHg - Postmodernism Exposed - Chomsky, Peterson, Paglia & Hicks &! https://www.youtube.com/watch?v=zxWOsUOsDyU - Paglia: "Young People Have Given Up on Freedom" - Hoff Sommers AEI is conservative neoliberal think tank //&! https://www.youtube.com/watch?v=PfH8IG7Awk0 - Identity politics and the Marxist lie of white privilege //
Jordan  Peterson  Harvey  Weinstein  Camille  Paglia  sexism  Sexismus  Feminism  feminist  TERF  LGBT  masculinity  gender-based  discrimination  post-modernism  Freud  Jung  Sociology  Psychology  Society  objectification  superficial  Selbstdarstellung  Conservative  Retrotopia  Transgender  hate  speech  crime  post-racial  America  Identity  Politics  Culture  BAME  IQ  Socialism  Marx  Marxism 
november 2017 by asterisk2a
Naomi Klein: ‘Trump is an idiot, but don’t underestimate how good he is at that’ | Books | The Guardian
One essential ingredient of resistance, she suggests, is to retain a belief in telling and understanding complex stories, keeping faith with narrative.

One of the questions that Klein’s book does not reach a conclusion about is how conscious Trump is of his shock doctrine tactics. Is he a demagogue in the scheming manner of Putin and Erdoğan, or just a useful idiot for the forces around him?
Naomi  Klein  Shock  Doctrine  book  narrative  Storytelling  GE2017  BTW2017  Brexit  Populism  demagogue  demagoguery  Nationalism  DonaldTrump  Donald  Trump  1%  Super  Rich  Plutocracy  Oligarchy  Austerity  Lobby  Stories  Privatisation  Free  Market  neoliberal  neoliberalism  No  Representation  globalisation  Trade  NAFTA  CETA  TTIP  TISA  Chicago  School  Margaret  Thatcher  Reagan  Milton  Friedman  Expert  GFC  bank  bailout  economic  history  Marxism  Karl  Marx  Socialism  inequality  poverty  trap  social  mobility 
june 2017 by asterisk2a
The left should just admit it: victims aren’t always good people | Deborah Orr | Opinion | The Guardian
[ see alain de botton analysis in one of the many videos, babies are a blank canvas, what happesn to them is a collective decision process, the environment in front of their eyes and as far back as westminster ] Human beings, despite the witless homilies of humanism, don’t all start out good and kind and perfect, only to have it driven out of them by a cruel world. Cherished children sometimes grow up to be antisocial, gazing with dead-eyed contempt at the people whose love they exploit. There can be no human utopia, because there will always be humans in it.
Utopia  sociology  Psychology  Alain  de  Botton  book  Socialism  welfare  state  Food  Bank  poverty  trap  homelessness  homeless 
may 2017 by asterisk2a
Ex-SNP MSP to draw up Rise manifesto - BBC News
"The strength of Rise is the grassroots involvement in every area, and I welcome the interest that it is generating already." Rise - which stands for respect, independence, socialism and environmentalism - was born from the wider "Yes" movement in the wake of the independence referendum campaign. It includes the Scottish Socialist Party, the International Socialist Group, and other campaign groups. Ms Urquhart was one of three SNP MSPs who left the party in the wake of it voting to end its opposition to an independent Scotland joining Nato. The other two - John Wilson and John Finnie - have since joined the Scottish Greens.
SNP  Politics  UK  Scotland  Scottish  Independence  Scottish  referendum  symptom  No  Representation  Career  Politicians  Westminster  Holyrood  socialism  austerity  Tories  Conservative  Party  nasty  Labour  Party  Jeremy  Corbyn  Nicola  Sturgeon  democracy  pluralism  plurality 
november 2015 by asterisk2a
Chris Hedges June 8, 2015 Town Hall Seattle - YouTube
Ceased all power and rendered the citizen powerless. This is no capitalistic democracy. This is crony capitalism. Capitalism has no internal constraints. remove external constraints & it will see & use everything (private free market enterprise) as replaceable & commodity w a price (even the planet): the environment, workers health. &! non-violent revolution! // Revolutions are internal affairs w different dynamic. All succesful revolutions are fundamentally non-violent. No revolution is successful until sizable internal protection/security defects (Whistleblower et al) and refuses to fight for the discredited regime/plutocracy/oligarchy/Elite/Super Rich/1%/Corporation/crony capitalism/tax evasion/tax avoidance and joins the revolution. // Living in truth & speaking the truth to power. Pulling people into the streets & discrediting the status quo. Dont pit people against each other. Essay. The power of the powerless // If we do not break it. We & our children have no future!
Revolution  Super  Rich  crony  capitalism  Bernie  Sanders  Jeremy  Corbyn  SNP  Nicola  Sturgeon  Career  Politicians  No  Representation  bottom  up  democracy  Elite  oligarchy  plutocracy  regiem  climate  change  Generationengerechtigkeit  fairness  global  warming  economic  damage  ecological  disaster  environmental  disaster  corporate  media  corporate  state  manufactured  consent  propaganda  Polarisation  populism  corporate  scandal  Rebellion  Millennials  constituency  babyboomers  generationy  book  intellectual  corporate  welfare  corporate  values  corporate  culture  corporate  governance  self-regulation  regulation  regulators  post-racial  America  prison–industrial  complex  medical-industrial  complex  Surveillance-Industrial  military–industrial  complex  Oppression  abuse  of  power  American  Dream  injustice  Justice  System  white-collar  crime  Zivilgesellschaft  Gesellschaft  Wertegesellschaft  courage  Zivilcourage  Moral  Imperative  civil  courage  civil  society  civic  society  Protest  Protest  Partei  Protest  Party  civic  life  civic  good  social  tension  social  cohesion  social  uprising  social  capital  socialism  social  contract  austerity  social  mobility  income  mobility  Gini  coefficient  inequality  income  distribution  corporate  tax  rate  tax  evasion  tax  capitalism  economic  avoidan 
october 2015 by asterisk2a
Cornel West and Richard Wolff talk about Capitalism and White Supremacy - YouTube
individualism tends to capitalism (each their own coloured widget) vs individuality of the individual. don't mistake the one for the other and you can't achieve the same happiness and well-being with just individualism because it is also based on constant consumption. // what people leave out of socialism and the pundits decry over it. is democracy. democratic socialism. // Plutocracy is undercutting its ability to survive! Problem, the system will take us down with it. // We got ecological catastrophe on our doorstep. Nuclear catastrophe. And Capitalisms catastrophe. //&! Ceased all power and rendered the citizen powerless. This is no capitalistic democracy. This is crony capitalism. - Chris Hedges June 8, 2015 - youtu.be/iA41ggsdeXE - capitalism has no internal constraints. remove external constraints & it will see & use everything (private free market enterprise) as replaceable & commodity w a price (even the planet): the environment, workers health. &! non-violent revolution!
Richard  Wolff  Cornel  West  democracy  capitalism  individuality  Workers  Union  Trade  Union  crony  capitalism  exploitation  individualism  economic  history  well  being  zombie  consumer  aspirational  product  consumerist  consumerism  wage  slave  debt  servitude  Marxism  Karl  Marx  book  consumption  free  market  socialism  Career  Politicians  No  Representation  Super  Rich  1%  lobbyist  lobby  Lobbying  post-racial  America  Gini  coefficient  inequality  USA  UK  dogma  ideology  trickle-down  economics  working  poor  precarious  work  Precariat  meritocracy  meritocratic  interest  groups  vested  interest  social  tension  social  cohesion  plutocracy  Elite  oligarchy  ecological  disaster  environmental  disaster  economic  damage  global  warming  climate  change  mass  extinction  extreme  weather  weather  extreme  White  Supremacy  Religion  extremism  radicalism  activists  activism  tax  evasion  tax  avoidance  TTIP  TPP  NAFTA  CETA  TISA  GFC  bank  bailout  fairness  corporate  welfare  austerity  revolving  door  Surveillance-Industrial  Complex  military–industrial  prison–industrial  medical-industrial  CAFTA  accountability  oversight  transparency  corporate  corporate  corporate  corporate  corporate  corporate  corporate  social  s 
october 2015 by asterisk2a
”Lobbyismen hotar demokratin” - EFN - Ekonomi- och FinansNyheterna
Owen Jones --- shared economic interest. politicians have to be servant to their people. seen as the greatest honor one can receive. and job. legacy. not money/riches (in future). should always aim to put yourself out of business so to speak, for means of progress and healing. // Brexit defense for London // TTIP // open and democratic = less angles for corruption and bribery
Owen  Jones  Establishment  book  Toff  Privileged  lobbyist  lobby  Lobbying  UK  neoliberalism  neoliberal  GFC  Super  Rich  1%  Career  Politicians  No  Representation  social  contract  political  theory  Entitlement  Policy  Makers  bank  crisis  banking  crisis  transparency  accountability  democracy  Noam  Chomsky  oversight  Freedom  of  Information  Act  Lügenpresse  corporate  state  corporate  media  manufactured  consent  PR  spin  doctor  populism  Polarisation  Conservative  Party  Tories  austerity  sovereign  debt  crisis  inequality  income  distribution  recovery  income  inequality  gender  pay  gap  gender  inequality  dot.com  corruption  bribery  society  Gesellschaft  voter  turnout  Jeremy  Corbyn  apathy  trickle-down  economics  neoconservatism  neoconservatives  tax  evasion  tax  avoidance  Network  nepotism  Party  Funding  Trade  Union  Workers  Union  gag  order  Secret  Courts  crony  capitalism  capitalism  Wall  Street  shared  economic  interest  shareholder  value  profit  maximisation  election  campaign  promises  European  Union  USA  Monarchy  British  Empire  dogma  ideology  interest  groups  vested  interest  revolving  door  socialism  Labour  Party  majority  minority  constituency  faultlines  secular  election  stagna 
september 2015 by asterisk2a
Jeremy Corbyn's Labour leadership campaign: behind the scenes exclusive | Owen Jones talks - YouTube
socialism for crony capitalism (Super Rich, 1%, 30% of top of society, babyboomers, asset owners - owners of commanding hights, bank bailout) - vs - people // Noam Chomsky, can't have (crony) capitalism and democracy //&! --- youtu.be/fzt_RNa_9BQ - What if Jeremy Corbyn actually wins the Labour leadership? | Owen Jones talks... - key are key messages! repeated. properly framed. unpenetrable by Tories highly skilled spin doctors and their usual campaign of fear (tool, lowest common denominator easiest to mass communicate and transmit in one sentence) to distract/divert from the truth ... 'oh my good, look over there!' ... peoples convenience and attention span and willingness to debate endanger what has been built. it is already dismantled. //&! bit.ly/1NxAriZ - Hostile Press!
Jeremy  Corbyn  lefty  socialism  Career  Politicians  austerity  Generationengerechtigkeit  fairness  No  Representation  Tories  SNP  Millennials  generationy  babyboomers  bank  bailout  Wall  Street  crony  capitalism  post-capitalism  capitalism  GFC  recovery  political  economy  political  error  political  folly  Labour  Party  general  election  2015  election  campaign  promises  Conservative  Party  George  Osborne  David  Cameron  Iain  Duncan  Smith  political  theory  social  cohesion  social  construct  social  change  social  contract  democracy  Toff  Establishment  Privileged  exploitation  globalisation  globalization  NHS  lobbyist  lobby  Lobbying  revolving  door  corruption  bribery  PR  spin  doctor  reframing  framing  banking  crisis  financial  crisis  budget  deficit  Scottish  Independence  Scottish  referendum  2015  flat  world  deflationary  deflation  borderless  income  growth  income  distribution  Super  Rich  1%  tax  evasion  tax  avoidance  Noam  Chomsky  Ed  Miliband 
september 2015 by asterisk2a
Public Lecture by Professor Niall Ferguson 2013-04-09 - YouTube
[6 Killer Apps - youtu.be/xpnFeyMGUs8 ] Degeneration and Regeneration after the GFC // interlude: Margaret Thatcher, the power of ideas in public office, in politics: Nature of freedom, economic freedom & other freedoms. Hayek & Adam Smith // The Great Degeneration (new Book 2013). Theme: The role of institutions in the creation and preservation of freedom. // GFC = "The slight depression." Avoided Great Depression like scenario by policy response (reflation) different to previous history. Talks abt equity market levels back 2 pre-2007 levels. EQUITY/(financial) ASSET PRICES. Bank Bailout! But NOT reached (real economy) escape velocity! Proper recovery! Under Keynes it should be an admission of defeat (bc lack of fiscal stimulus)! Is a sub-plot in the story of western decline! Great reconvergence of west & the rest of the world. // &! youtu.be/VVsP2X4kuA8 &! importance of civil institutions - youtu.be/8RB7Ah95RM4 bit.ly/1NqF7am &! youtu.be/kXTjj9NQKYo &! youtu.be/tyYTChxYAQ4
NiallFerguson  Niall  Ferguson  Margaret  Thatcher  economic  history  political  economy  GFC  recovery  credit  bubble  book  Adam  Smith  adamsmith  austerity  ideology  dogma  George  Osborne  David  Cameron  USA  UK  China  history  social  contract  social  cohesion  social  tension  socialism  capitalism  crony  capitalism  neoliberalism  neoliberal  Privatisation  monetary  policy  fiscal  policy  hayek  reflate  reflation  Fed  ECB  BOJ  BOE  Makers  BIS  QE  ZIRP  NIRP  bank  bailout  sovereign  debt  crisis  banking  crisis  zombie  banks  excess  reserves  liquidity  trap  monetary  transmission  mechanism  M3  business  confidence  Taper  2015  secular  stagnation  stagnation  wage  growth  income  growth  economic  growth  global  trade  global  economy  globalization  global  imbalances  globalisation  flat  world  borderless  liquidity  JohnMaynardKeynes  keynes  Keynesianism  fiscal  stimulus  aggregate  demand  marginal  propensity  to  consume  zombie  consumer  consumer  debt  Richard  Koo  private  debt  debtoverhang  deleveraging  household  debt  debt  monetisation  debt  monetization  developed  world  western  world  squeezed  middle  class  disposable  income  income  distribution  inequality  Gini  coefficient  BRIC  emerging  middle  class  emerging  market  Angela  Merkel  Wolfgang  Schäuble  Developing  Frontier  Markets  inflation  inflation  business  targetin 
september 2015 by asterisk2a
Paul Mason - is capitalism dead? | Guardian Live - YouTube
100 year process, this is the 21st century // when you define the problem you also define the solution, in most cases. from A to B. // capitalism has rent-seeking tendency. DRM and IP/intellectual property is rent-seeking. // --- need book what to do with post-capitalism tools, open source, open data, share economy, shared economic interest, transparency, political reform - voucher system (Larry Lessig). --- // biotech and gene and new age of medicine will replace hardware and proprietary software (already being displaced by open source) //
post-capitalism  crony  capitalism  monopoly  monopsony  Silicon  Valley  Wall  Street  Paul  Mason  rent-seeking  intellectual  property  Page  Rank  Google  Search  copyright  IP  intellectualproperty  DRM  Kindle  Amazon  Microsoft  Open  Source  Open  Data  civic  good  Public  civic  society  Share  Economy  proprietary  software  Karl  Marx  economic  history  shared  economic  interest  profit  maximisation  shareholder  value  buyback  underinvestment  productive  investment  climate  change  interest  groups  vested  interest  interestgroups  fiduciary  responsibility  long-term  view  long-term  thinking  faultlines  lobbyist  lobby  Lobbying  Career  Politicians  social  contract  No  Representation  neoliberalism  neoliberal  exploitation  Gini  coefficient  Future  of  Work  Mobile  Creatives  knowledge  knowledge  worker  3D  printing  marginal  cost  economics  of  abundance  renewable  energy  commodity  business  commoditization  book  meritocracy  meritocratic  Gesellschaft  Zivilgesellschaft  Wegwerfgesellschaft  zombie  consumer  finite  resources  status  anxiety  identity  society  philosophy  sociology  social  cohesion  social  tension  inequality  income  mobility  social  mobility  4-day  week  leisure  tim 
august 2015 by asterisk2a
Sozial ǀ Weder Egoist noch Altruist — der Freitag
Dass jede und jeder das gleiche Recht hat, nach der eigenen Fasson glücklich zu werden – diese Gleichheit ist heute kaum mehr angreifbar. Parallel dazu ist die Gesellschaft zunehmend in Reich und Arm zerrissen. [...] Gleichheit braucht gleiche Rechte, und krasse ökonomische Ungleichheiten untergraben das Gleichheitsgefühl: Dieses Gefühl ist das Entscheidende, schwer zu Beschreibende. Gleichheit steht dann auf stabilem Fundament, wenn man andere als Ähnliche erlebt; wenn alle mit allen „auf Augenhöhe“ leben und für eine „Leichtigkeit des Miteinanders“ stehen. Eine Welt der Gleichen, schreibt Rosanvallon, „ist als eine definiert, in der jeder sich in die Lage der anderen hineinversetzen kann“.
solidarity  society  Politics  sociology  economic  history  philosophy  western  lifestyle  millennials  generationy  socialism  history  equality  psychology  book  western  society  democracy  inequality 
july 2013 by asterisk2a
The French election: An inconvenient truth | The Economist
Today France continues to behave as if it enjoyed Sweden’s or Germany’s public finances, when in truth they are closer to those of Spain. Although France and Germany have comparable public-debt levels, at over 80% of GDP, Germany’s is now inching downwards whereas France’s is at 90% and rising. One rating agency has already stripped France of its AAA credit rating over worries about high debt and low growth. The country’s auditor, the Cour des Comptes, chaired by Didier Migaud, a former Socialist deputy, has warned that unless “difficult decisions” are taken this year and next on spending, public debt could reach 100% by 2015 or 2016.

The underlying problem is that, over the past ten years, France has lost competitiveness. et al

Put simply, France is about to face the tough choices that Gerhard Schröder, Germany’s former chancellor, confronted in the early 2000s or that Sweden did in the mid-1990s, when its own unsustainable social system collapsed.
politics  society  culture  debtoverhang  social-contract  social-safety-net  germany  competitiveness  Europe  socialism  FrancoisHollande  sarkozy  election2012  2012  sovereign  debt  crisis  economy  France 
march 2012 by asterisk2a
Once Again, Its Sweden (Sweden!) Showing the Way | The Big Picture
The Japanese approach — Save the Banks! — is a result of their Keiretsu, and is the model embraced first by the Bush White House, and the Federal Reserve, than by Congress, and lastly by the Obama White House. I have argued this approach is in large part why the post-crisis economy has been so moribund, with sub-par GDP and Employment the rule.

This policy-making error is based on a refusal to take the loss. Indeed, Capitalism recognizes that failure is normal, and denying that, rejecting a fundamental premise of market based economies equals embracing socialized losses caused by the reckless. The approach of Socialism for bankers, Capitalism for everyone else is a philosophy that Keynes, Hayek and Friedman would all heartily reject en masse.

We are presented with a stark simple choice when confronted with a financial collapse. We can save the system or we can save individual banks. Astonishingly, we keep choosing wrongly . . .
japan  sweden  lostdecade  usa  europe  lesson  history  monetary  policy  error  folly  mistake  fiscal  politics  governance  economics  austerity  capitalism  socialism  banking  finance  toobigtofail  bailout 
november 2011 by asterisk2a
Born Poor? | Santa Fe Reporter
Milton Friedman
Smith
“The founders of the discipline of economics, almost to a man—and they were only men—thought that the problem of distribution between classes—they used the word classes—was the key to understanding why nations grew or not,” Bowles says.

What Bowles sees as the essence of his profession—problems of wealth distribution—the Friedmanites see as the road to hell.
SamuelBowles  Gini-coefficient  TomHertz  MiltonFriedman  inequality  economics  employment  poverty  socialism  development  research  AdamSmith  wealth-distribution  AlanGreenspan  ElinorOstrom  nobelprize 
february 2010 by asterisk2a

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