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tsuomela : corruption   57

Frank Rich on 'This Town' and Washington's Dysfunctional Bipartisanship -- New York Magazine
"The Stench of the Potomac Washington may be a dysfunctional place to govern, but it’s working better than ever as a marketplace for cashing in. And that’s thanks, more than anything, to the Democratic Establishment."
politics  money  lobbying  class  elites  power  democrats  failure  corruption 
august 2013 by tsuomela
Niall Ferguson Newsweek Cover - Culture of Public Speaking - Esquire
"The real issue isn't the substance of Ferguson's argument, though, which is shallow and basically exploded by this point in time. It isn't even the question of how such garbage managed to be written and published. It is, rather, why did Ferguson write it? The answer is simple but has profound implications for American intellectual life generally: public speaking."
public-intellectual  pundits  america  speaking  money  corruption 
august 2012 by tsuomela
Simon Johnson: The Federal Reserve and the Libor Scandal - NYTimes.com
Let’s hope he is starting to see issues in the financial sector more clearly: Too big to fail is too big to exist – or to behave in accordance with the law. This is a problem of vast, nontransparent and dangerous government subsidies
economics  banking  finance  crisis  law  deception  corruption 
july 2012 by tsuomela
Ben Bernanke House Testimony - The Casino's Rigged. Don't Forget Because They Say It Ain't. - Esquire
People may have very little confidence in the government's competence, but they have absolutely none in the financial system's honesty. People may have very little hope that government can fix things to even out the losses, now that all the serious people agree that the national economy should be run as though at were one of Sheldon Adelson's casinos in Macao, but they have no hope at all that the financial system even has any intention at all of reforming itself. Even though it's been ignored by most of the U.S. mainstream press, LIBOR is a significant tell. The people who rigged it, and the people who profited from the big fix, did so while the entire world financial system was tottering on the verge of utter ruin. These crooks knew exactly what the other crooks had done, and they were very aware of the consequences of what they were doing, and they organized their criminal profiteering anyway. This is a level of amorality that is almost staggering. But, once you accept that corruption is the system, there is a kind of mad logic to it. After all, does Adelson care about the poor schmucks gambling themselves into a hole at the blackjack tables? Caveat emptor, bitches.
politics  corruption  wall-street  finance  banking 
july 2012 by tsuomela
Rootstrikers
"Our republic is dangerously out of balance. Well-financed special interests routinely bend the levers of power to benefit the few at the expense of our general welfare.

Political bribery has been legalized by the courts, and both major parties have been co-opted and corrupted by the system.

The result: The upper 1% have done well. The other 99% of us have been left behind. And now we’ve reached a breaking point.

Rootstrikers aims to restore power over American politics and government to 100% of the people. We hope patriots of all political persuasions will join us to help build an unstoppable grassroots movement that demands and delivers lasting reforms."
activism  politics  reform  corruption  money  campaign  elections 
july 2012 by tsuomela
Too Smart to Fail: Notes on an Age of Folly | | Notebook | The Baffler
"Of course there was a place where ideas weren’t simply for sale, I thought: the professions. Ethical standards kept professionals independent of their clients’ gross pecuniary interests.

These days, though, I’m not so sure. Money has transformed every watchdog, every independent authority. Medical doctors are increasingly gulled by the lobbying of pharmaceutical salesmen. Accountants were no match for Enron. Corporate boards are rubber stamps. Hospitals break unions, and, with an eye toward future donations, electronically single out rich patients for more luxurious treatment.
economics  profession  expertise  money  corruption  capitalism 
march 2012 by tsuomela
Thomas Frank: How Americans Have Gotten Played -- Over and Over and Over Again | News
"Of course there was a place where ideas weren’t simply for sale, I thought: the professions. Ethical standards kept professionals independent of their clients’ gross pecuniary interests.

These days, though, I’m not so sure. Money has transformed every watchdog, every independent authority. Medical doctors are increasingly gulled by the lobbying of pharmaceutical salesmen. Accountants were no match for Enron. Corporate boards are rubber stamps. Hospitals break unions, and, with an eye toward future donations, electronically single out rich patients for more luxurious treatment."
economics  profession  expertise  money  corruption 
march 2012 by tsuomela
Wikileaks: the truth is not treason | openDemocracy
The central problem, it seems, is that this “corruption of governance” runs so deep.  It is embedded within the very DNA of the political class and has been for generations, hence the high-level, across the board political resistance and opposition to the brand of total transparency advocated by Wikileaks. 
wikileaks  democracy  secrecy  corruption  britain 
december 2010 by tsuomela
I love WikiLeaks for restoring distrust in our most important institutions. - By Jack Shafer - Slate Magazine
The idea of WikiLeaks is scarier than anything the organization has leaked or anything Assange has done because it restores our distrust in the institutions that control our lives. It reminds people that at any given time, a criminal dossier worth exposing is squirreled away in a database someplace in the Pentagon or at Foggy Bottom. 
politics  accountability  democracy  institutions  trust  corruption  diplomacy  espionage  wikileaks 
december 2010 by tsuomela
Larry Summers and the Subversion of Economics - The Chronicle Review - The Chronicle of Higher Education
Over the past 30 years, the economics profession—in economics departments, and in business, public policy, and law schools—has become so compromised by conflicts of interest that it now functions almost as a support group for financial services and other industries whose profits depend heavily on government policy. The route to the 2008 financial crisis, and the economic problems that still plague us, runs straight through the economics discipline. And it's due not just to ideology; it's also about straightforward, old-fashioned money.

Prominent academic economists (and sometimes also professors of law and public policy) are paid by companies and interest groups to testify before Congress, to write papers, to give speeches, to participate in conferences, to serve on boards of directors, to write briefs in regulatory proceedings, to defend compan
economics  business  wall-street  corruption  conflict-of-interest  academia  government  revolving-door 
october 2010 by tsuomela
Transparency International
Transparency International, the global civil society organisation leading the fight against corruption, brings people together in a powerful worldwide coalition to end the devastating impact of corruption on men, women and children around the world.
TI’s mission is to create change towards a world free of corruption.

Transparency International challenges the inevitability of corruption, and offers hope to its victims. Since its founding in 1993, TI has played a lead role in improving the lives of millions around the world by building momentum for the anti-corruption movement. TI raises awareness and diminishes apathy and tolerance of corruption, and devises and implements practical actions to address it.
politics  government  community  ethics  activism  transparency  corruption  governance  democracy  policy  law  international  development  economics  world  society  global 
february 2010 by tsuomela
People, Spaces, Deliberation | Exploring the interactions among public opinion, governance, and the public sphere
Published by -- "The Communication for Governance and Accountability Program (CommGAP) is based on two core premises: that a democratic public sphere is essential to securing and sustaining good governance and accountability, and that communication approaches and techniques are fundamental to the effectiveness of efforts to improve governance and direct accountability."
weblog-group  weblog-government  politics  culture  finance  governance  corruption  deliberation  international  world-bank  development 
february 2010 by tsuomela
The Problem of Organizations « Easily Distracted
The political and social problem of making institutions renewable and self-repairing without handing them a perpetual license to seek transfers, to be always “too important to fail”, is the real problem of the 21st Century. It applies across market and state, civil society and private life.
institutions  organizations  design  sociology  politcal-science  politics  power  corruption  21c  renewable  time  endurance  sustainability  societies 
january 2010 by tsuomela
The Lab "Project on Institutional Corruption"
The Edmond J. Safra Foundation Center for Ethics launched a five-year research project to study "institutional corruption."

The Center's Director, Professor Lawrence Lessig, delivered the first lecture of the 2009-10 Labs Lectures on the Question of Institutional Corruption.
ethics  corruption  research  academic-lab  law  people-lessig 
january 2010 by tsuomela
The "Disaster Stage" of U.S. Financialization | TPMCafe
This could be a powerful framework. All of these critiques have merit, and ideally they might converge as earlier indictments of elite and governmental abuse did during the Progressive and New Deal eras. But I have to return to whether the public will ever be given full information on the fatal magnitude of financialization, who was responsible, and how it failed and crashed in 2007-2009. So far, political and media discussion has been so minimal that the early 21st century American electorate has much less readily available information on what took place than did the electorates of those earlier reform eras.
recession  information  media  journalism  economics  politics  finance  corruption  crisis  government  bailout  wall-street 
october 2009 by tsuomela
Stumbling and Mumbling: Bonuses, power and inequality
why have banks paid [giant bonuses] for so long?
The popular answer is that banks need to attract the best talent. Yeah, right..... Traders must be bribed not to plunder the firm. If you don’t pay them millions, they’ll sell the banks’ assets cheaply to rival firms for which they then go and work. They are paid fortunes not because they have skill, but because they have power.
economics  ceo  executives  principal-agent  money  pay  corruption  gloom-and-doom  power  bonus 
february 2009 by tsuomela
naked capitalism: Willem Buiter: The US and UK as Banana Republics
Despite the dry title, what is noteworthy is that Buiter discusses in some detail how corruption, both in the government and society, limits policy choices. Put simply, diseased leadership has trouble pulling a country out of a debt crisis because no one trusts that they will do the right thing (and frankly, why should they?).
economics  crisis  confidence  corruption  fiscal-policy  debt  government 
february 2009 by tsuomela
Bush Rule Changes Could Block Product-Safety Suits - WSJ.com
Bush administration officials, in their last weeks in office, are pushing to rewrite a wide array of federal rules with changes or additions that could block product-safety lawsuits by consumers and states.
government  regulation  executive-branch  people-georgebush  corruption  regulatory-capture  business  business-as-usual 
october 2008 by tsuomela
TPMCafe | Talking Points Memo | Five Aspects of the Conservative State
What we don't have, and what I set out to supply in The Wrecking Crew, is a corruption theory about the conservative state. That it is corrupt is obvious
politics  conservatism  corruption  power  money  government  state 
october 2008 by tsuomela
Easily Distracted » Blog Archive » Lipstick on a Financial Collapse
That’s an epic fail on the Sesame Street “one of these things is not like the other” exercise. That’s how we got into much of the mess we’re in right this very moment, on so many levels. This is the consequence of this sense that all government is equally and indifferently corrupt and non-functional, that none of what states do for good or ill turns on the competency or morality of any particular political leadership but is instead a generic and invariant result of the nature of bureaucratic states. That a report of corruption or administrative incompetence is like a report of the weather or the tides, an expected and everyday event with its own cycles.
politics  corruption  conservative  ideology  cliche  bailout 
september 2008 by tsuomela
CJR: Boiler Room
It seems to me that well into Year II of the Panic, the business press is in the process of making the same mistake it made in the run-up to the debacle: focusing on esoteric Wall Street concerns and ignoring the simplest, most basic, but most important one—the breathtaking corruption that overran the U.S. lending industry, including and especially the brand names, and the extent to which Wall Street drove that corruption. Let’s just call it a case of over-sophistication. Its persistence, however, will only impede journalists’ ability to cover this thing going forward.
economics  capitalism  crisis  criticism  media  news  corruption  fraud  2008 
september 2008 by tsuomela

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