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The Art of Survival: On Santiago Zabala’s “Why Only Art Can Save Us” - Los Angeles Review of Books
"Why Only Art Can Save Us Aesthetics and the Absence of Emergency By Santiago Zabala Published 09.05.2017 Columbia University Press 216 Pages"
book  review  art  crisis 
november 2017 by tsuomela
Divided We Fall | New Republic
"The Founders knew that economic inequality would destroy America's democracy. So why can't the Constitution save us?"
america  crisis  politics  history  inequality  wealth  money  progressive  reform 
april 2017 by tsuomela
18th Brumaire, everywhere — Crooked Timber
"Dictatorship, or at least, authoritarian personal rule, seems to be re-emerging all around the world, mostly through the suppression of opposition by rulers who originally came to power through democratic elections"
dictatorship  politics  world  fascism  elections  democracy  crisis 
november 2016 by tsuomela
Political Connections and the Informativeness of Insider Trades by Alan D. Jagolinzer, David F. Larcker, Gaizka Ormazabal, Daniel J. Taylor :: SSRN
"This paper examines the relation between political connections and informed trading by corporate insiders in the context of the Financial Crisis. The unprecedented magnitude of government intervention, the substantial impact of this intervention on firm value, and the political nature of the intervention provide a powerful setting to examine the relation between political connections and informed trading. Consistent with political connections providing corporate insiders with an information advantage, we find strong evidence of a relation between political connections and the informativeness of their trades. Consistent with this relation stemming from private information related to government intervention, we find the relation is strongest during the period in which TARP funds were dispersed, and strongest among politically connected insiders at banks that received TARP funds. Examining insider trades around the announcements of TARP infusions, we find evidence of significant trading thirty days in advance of the announcement, and that these trades predict the market reaction to the announcement. Notably, we find these relations are present only for the trades of politically connected insiders. Overall, our results suggest that politically connected insiders had an information advantage during the Crisis and traded to exploit this advantage."
economics  recession  history  2000s  crisis  finance  management  insider  politics  influence 
september 2016 by tsuomela
The week democracy died: How Brexit, Nice, Turkey, and Trump are all connected.
"Dark days this summer showed how government by the people—beset by illiberal populists on one side and undemocratic elites on the other—is poised for extinction."
democracy  liberal  liberalism  2016  crisis  immigration  nationalism  politics  western  europe  american  campaign 
august 2016 by tsuomela
Apocalypse when? (Not) thinking and talking about climate change | Discover Society
"Psychologists are identifying countless psychological ‘barriers’ that obstruct behaviour change despite knowledge about anthropogenic ecological degradation, that include perceptual, cognitive, emotional, interpersonal and group processes (see Robert Gifford’s overview). Some researchers, inspired by psychoanalysis, study how defence mechanisms act as barriers to action in the context of ecological crisis. Originally conceptualized by Freud, defence mechanisms are psychological processes aimed at avoiding, or protecting one’s self from, experiences of emotional distress, destructive impulses, or threats to self-esteem. Many – like repression, regression, projection and denial – have entered into everyday language."
environment  climate-change  global-warming  psychology  defense-mechanism  psychoanalysis  bias  cognition  risk  crisis  solutionism  apocalypse  fear 
march 2015 by tsuomela
The Dark Mountain Project
"The Dark Mountain Project is a network of writers, artists and thinkers who have stopped believing the stories our civilisation tells itself. We see that the world is entering an age of ecological collapse, material contraction and social and political unravelling, and we want our cultural responses to reflect this reality rather than denying it. The Project grew out of a feeling that contemporary literature and art were failing to respond honestly or adequately to the scale of our entwined ecological, economic and social crises. We believe that writing and art have a crucial role to play in coming to terms with this reality, and in questioning the foundations of the world in which we find ourselves."
writing  art  humanities  future  pessimism  civilization  crisis 
july 2014 by tsuomela
Outage after Marathon Bombings Prompts Emergency Network Proposal | MIT Technology Review
"When professional responders are performing their vital jobs but others cannot easily communicate, these approaches can empower citizens, not-for-profits, and companies, helping them communicate and possibly provide other necessary assistance. In this mutual aid configuration, the more people affected, the more possibilities there are for those people to contribute resources, helping create a disruption-tolerant, delay-tolerant network—a form of scaling that is impractical for the traditional model."
disaster  communication  crisis  community  informal  emergency 
june 2013 by tsuomela
The Risk Ownership Society | Dissent Magazine
"Freaks of Fortune provides a timely source of perspective on the financial dislocations of the last decade. We have been here before. Maybe we have been nowhere else since the guns fell silent at Appomattox. Freaks of Fortune is a scholarly and affectionate recounting of a journey, which, despite hustle and heartbreak, controversy and countermovement, seems always to leave us right back where we started. We are left with a difficult question: if we wish to be free in the way that Americans understand freedom, have we no choice but to submit to a faceless, periodically psychotic “economic chance-world”?"
book  review  crisis  financial-services  finance  money  economics  risk  chance 
february 2013 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
Stumbling and Mumbling: Crisis, what crisis?
"In this sense, what is in one way a parallel between now and the 70s is also a difference. Both eras brought into doubt a dominant economic paradigm - Keynesian social democracy is the 70s and neoliberalism now. However, because neoliberalism serves the interests of capitalists in a way that Keynesianism (by the 70s) did not, there’s less of a rush among the ruling elite to look for an alternative.

But this merely raises the question. Why - given that its living standards are falling now in a way they did not in the 70s - is the working class so quiescent compared to then?"
economics  history  crisis  1970s  2000s  2010s  neoliberalism  conservatism 
april 2012 by tsuomela
interfluidity » Depression is a choice
"We are in a depression, but not because we don’t know how to remedy the problem. We are in a depression because it is our revealed preference, as a polity, not to remedy the problem. We are choosing continued depression because we prefer it to the alternatives."
economics  crisis  recession  policy  debt  preferences  depression  politics 
april 2012 by tsuomela
Communicating between the Academic and Non-Academic Worlds « Ph.D. Octopus
"However, from talking to numerous faculty members and academics from a variety of institutions, it has become clear to me that a central problem remains: none of these extra-curricular activities matter when a job search committee determines which graduate student to invite for an interview, and they do not matter for tenure. These facts make it subtly clear that, as a whole, the modern American academy expresses a keen indifference toward the relationship between academic knowledge and the public interest/public good"
academia  crisis  jobs  work  labor  expertise  public  public-understanding  communication 
april 2012 by tsuomela
Structure Strangeness: A crisis in higher education?
"So, let's take stock. Is there a crisis? Not in the usual definition of the word, no. But, there are serious issues that we should consider, and these tap deep into both the mission and purpose of higher education and its relationship to society as a whole." Annotated link http://www.diigo.com/bookmark/http://www.cs.unm.edu/~aaron/blog/archives/2012/01/a_crisis_in_hig.htm
academia  crisis  phd  teaching  supply  education 
april 2012 by tsuomela
PLoS Computational Biology: Early Warning Signals for Critical Transitions: A Generalized Modeling Approach
Critical transitions are sudden, often irreversible, changes that can occur in a large variety of complex systems
complexity  transition  crisis  warnings  risk  modeling  signals 
february 2012 by tsuomela
We Are the 99 Percent
We are the 99 percent. We are getting kicked out of our homes. We are forced to choose between groceries and rent. We are denied quality medical care. We are suffering from environmental pollution. We are working long hours for little pay and no rights, if we're working at all. We are getting nothing while the other 1 percent is getting everything. We are the 99 percent.
unemployment  capitalism  america  protests  poverty  class  class-war  online  story  work  labor  recession  depression  crisis  wall-street 
october 2011 by tsuomela
Open Source Ecology
"The Global Village Construction Set (GVCS) is a modular, DIY, low-cost, high-performance platform that allows for the easy fabrication of the 50 different Industrial Machines that it takes to build a small, sustainable civilization with modern comforts."
open-source  ecology  environment  civilization  manufacturing  makers  making  technology  crisis 
september 2011 by tsuomela
Hunger Artists (TIAA-Cref Edition) | Easily Distracted
"The grand vision that defenders of a purer humanities enunciate, if it has existed at all, existed vigorously before the university systems of today, before the comfortably professional and middle-classness of professorial lives today, and might reasonably be expected to exist in some other form after them, if they should disappear or markedly transform."
humanities  college  academia  crisis  decline  future  promotion 
september 2011 by tsuomela
Looting: The Economic Underworld of Bankruptcy for Profit by George Akerlof, Paul Romer :: SSRN
"Our theoretical analysis shows that an economic underground can come to life if firms have an incentive to go broke for profit at society's expense (to loot) instead of to go for broke (to gamble on success). Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations. "
economics  looting  business  recession  finance  crisis 
august 2011 by tsuomela
The Great Splintering - Umair Haque - Harvard Business Review
"For many years now, societies have been limping on with broken institutions and splintered social contracts — right into the heart of this perfect storm. And I'd bet most of us have assumed that we'll continue to "get by" — that we can wait for the economy to repair itself, for the next economic boom to provide shelter from the approaching cyclone, for the invisible hand to pick us up and put us back on our feet. Yet, I'd suggest: the upheavals we're seeing now are stark evidence that the status quo's faith-based modus operandi hasn't worked — and isn't working. We're not magically going to "find" shelter from the gathering clouds of this economic whirlwind. We're going to have to build shelter: more resilient, less dysfunctional institutions that can deliver on the promise of real human prosperity that matters, lasts, and multiplies. Because if you didn't know what a lost decade looked and felt like before — well, you sure do now."
crisis  recession  economics  inequality  poverty  business-as-usual  income-distribution 
august 2011 by tsuomela
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