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Quoting the Crisis

06/07/2014

The Founding Fathers backed Thomas Piketty – and feared a powerful 1 percent
Joseph Blasi, salon.com
This 4th of July, remember the truth about founding fathers, and their prescient warnings about income inequalityMany of Amer­i­ca’s Founders believed that exces­sive wealth inequal­i­ty would be incom­pat­i­ble with hav­ing a rep­re­sen­ta­tiv…

The Founding Fathers backed Thomas Piketty – and feared a powerful 1 percent
Joseph Blasi, salon.com

This 4th of July, remember the truth about founding fathers, and their prescient warnings about income inequality

Many of Amer­i­ca’s Founders believed that exces­sive wealth inequal­i­ty would be incom­pat­i­ble with hav­ing a rep­re­sen­ta­tiv…

The next great financial crash: How our corporate overlords are setting us up to fail (again)
Thom Hartmann, AlterNet, salon.com
While profits soar, wages continue to stagnate and anti-tax zealots gut the safety net — a recipe for disasterThe denial of fun­da­men­tal eco­nom­ic prin­ci­ples is set­ting the world up for anoth­er Great Crash.Although wages have been fla…

The next great financial crash: How our corporate overlords are setting us up to fail (again)
Thom Hartmann, AlterNet, salon.com

While profits soar, wages continue to stagnate and anti-tax zealots gut the safety net — a recipe for disaster

The denial of fun­da­men­tal eco­nom­ic prin­ci­ples is set­ting the world up for anoth­er Great Crash.

Although wages have been fla…

Ronald Reagan stuck it to millennials: A college debt history lesson no one tells
Peter Lunenfeld, salon.com
Dramatic, awful changes occurred on my generation’s watch — and it amounts to a fiendishly successful conspiracyThat nos­tal­gic time of year for newly mint­ed col­lege grads and their pro­fes­sors has now con­clud­ed. I admit to being affect­…

Ronald Reagan stuck it to millennials: A college debt history lesson no one tells
Peter Lunenfeld, salon.com

Dramatic, awful changes occurred on my generation’s watch — and it amounts to a fiendishly successful conspiracy

That nos­tal­gic time of year for newly mint­ed col­lege grads and their pro­fes­sors has now con­clud­ed. I admit to being affect­…

19/06/2014

Best-paid CEOs perform the worst
Cory Doctorow, boingboing.net
In Per­for­mance for Pay? The Rela­tion Between CEO Incen­tive Com­pen­sa­tion and Future Stock Price Per­for­mance , a paper from U of Utah business-school pro­fes­sors, the rela­tion­ship between exec­u­tive per­for­mance and exec­u­tive pay is…

Best-paid CEOs perform the worst
Cory Doctorow, boingboing.net

In Per­for­mance for Pay? The Rela­tion Between CEO Incen­tive Com­pen­sa­tion and Future Stock Price Per­for­mance , a paper from U of Utah business-school pro­fes­sors, the rela­tion­ship between exec­u­tive per­for­mance and exec­u­tive pay is…

10/06/2014

Piketty’s inherited-wealth dystopia: private capital millionaires multiply
Cory Doctorow, boingboing.net
Thomas Piket­ty’s much-discussed eco­nom­ics best­seller Cap­i­tal in the Twen­ty First Cen­tu­ry proph­e­sies a future where inher­it­ed wealth dom­i­nates the world, because the rate of return on cap­i­tal out­strips the rate of growth in the…

Piketty’s inherited-wealth dystopia: private capital millionaires multiply
Cory Doctorow, boingboing.net

Thomas Piket­ty’s much-discussed eco­nom­ics best­seller Cap­i­tal in the Twen­ty First Cen­tu­ry proph­e­sies a future where inher­it­ed wealth dom­i­nates the world, because the rate of return on cap­i­tal out­strips the rate of growth in the…

08/06/2014

The Great Credit Mistake by Adair Turnerproject-syndicate.org
LON­DON – Before the finan­cial cri­sis erupt­ed in 2008, pri­vate cred­it in most devel­oped economies grew faster than GDP. Then cred­it growth col­lapsed. Whether that fall reflect­ed low demand fo …

The Great Credit Mistake by Adair Turner
project-syndicate.org

LON­DON – Before the finan­cial cri­sis erupt­ed in 2008, pri­vate cred­it in most devel­oped economies grew faster than GDP. Then cred­it growth col­lapsed. Whether that fall reflect­ed low demand fo …

13/05/2014

Mapping Three Decades of Rising Income Inequality, State by State
Richard Florida, theatlanticcities.com
Income inequal­i­ty has risen con­sid­er­ably in the Unit­ed States and across the entire advanced world.Most research has focused on grow­ing inequal­i­ty with­in and across nations. What’s less clear is to what degree income inequal­i­ty has…

Mapping Three Decades of Rising Income Inequality, State by State
Richard Florida, theatlanticcities.com

Income inequal­i­ty has risen con­sid­er­ably in the Unit­ed States and across the entire advanced world.

Most research has focused on grow­ing inequal­i­ty with­in and across nations. What’s less clear is to what degree income inequal­i­ty has…

09/05/2014

22/04/2014

31/03/2014

( Source: azspot )
“ Few topics in American society have more myths and stereotypes surrounding them than poverty, misconceptions that distort both our politics and our domestic policy making. They include the notion that poverty affects a relatively small number of Americans, that the poor are impoverished for years at a time, that most of those in poverty live in inner cities, that too much welfare assistance is provided and that poverty is ultimately a result of not working hard enough. Although pervasive, each assumption is flat-out wrong. „

Mark R. Rank (via azspot)

(via azspot)

( Source: The New York Times )
“ The wealthy 0.01% minority who rule over the 90% majority understands that the future of their system depends on convincing or paying off 9.99% of the population who become the opinion leaders, the managers, the foremen, the supervisors, the small businessmen and the other shock troops of the system. The rich are like the pathetic men who frequent red-light districts — they must pay for it — and the right wing columnists/celebrities/media hacks/researchers do it for money, often working in the political equivalent of brothels, called think tanks. The choices offered young writers, journalists and academics who aspire to earn a decent living at their craft are not great today. There are many more opportunities to voice opinions supporting the system than to criticize it. „

Capitalism’s Intellectual Prostitutes (via azspot)

(via azspot)

( Source: dissidentvoice.org )
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