Why We’re in a New Gilded Age by Paul Krugman Capital in the Twenty-First Century by Thomas Piketty, translated from the French by Arthur Goldhammer Belknap Press/Harvard University Press, 685 pp., $39.95 Thomas Piketty, professor at the Paris School of Economics, isn’t a household name, although that may change with the English-language publication of his magnificent, sweeping meditation on inequality, Capital in the Twenty-First Century. The result has been a revolution in our understanding of long-term trends in inequality. It therefore came as a revelation when Piketty and his colleagues showed that incomes of the now famous “one percent,” and of even narrower groups, are actually the big story in rising inequality. Still, today’s economic elite is very different from that of the nineteenth century, isn’t it? It’s a remarkable claim—and precisely because it’s so remarkable, it needs to be examined carefully and critically. What do we know about economic inequality, and about when do we know it? Why? Piketty is unconvinced.
10 Signs We Live in a False Economy It’s time to admit that we live in a false economy. Smoke and mirrors are used to make us believe the economy is real, but it’s all an elaborate illusion. Out of one side of the establishment’s mouth we hear excitement about “green shoots”, and out of the other side comes breathless warnings of fiscal cliffs and the urgent need for unlimited bailouts by the Fed. We hear the people begging for jobs and the politicians promising them, but politicians can’t create jobs. The corporate media does their best to distract us from seeing anything real. Meanwhile the financial media makes the economy seem complicated and they ban anyone who speaks truthfully about the economy from their airwaves. Is it any wonder why people are angry and confused about the economy? Well, hopefully these signs that we live in a false economy will help clear up some of that confusion. 1. 3. 4. 5. 6. 7. 8. Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. 9.
Why the Worst Get on Top -- in Economics and as CEOs FDR On American Facism(image by JoeInSouthernCA) Reprinted from neweconomicperspectives.org Libertarians are profoundly anti-democratic. The folks at Cato that I debate make no bones about their disdain for and fear of democracy. Friedrich von Hayek is so popular among libertarians because of his denial of the legitimacy of democratic government and his claims that it is inherently monstrous and murderous to its own citizens. Here's an example from a libertarian professor based in Maryland. "[W]hen government uses its legal monopoly on coercion to confiscate one person's property and give it to another, it is engaging in what would normally be called theft. But von Hayek's critique of democratic government has proven to be the most monstrous blood libel of the post-World War II era -- falsely declaring that democratic government must end in tyranny and the mass murder of its own people. Why the Worst Get on Top -- in Economics
sorrel.ish.: 7 Reasons Why You Should Stop Bitching About People On Benefits. 1. One day, it could be you. The welfare state is a safety net. It is there to catch anyone who falls on hard times, including you. Say you got hit by a car and were tragically paralyzed from the waist down; the welfare state would pay you a Mobility Allowance so that you could still leave the house. It would pay for any special equipment you needed and a personal assistant to help you go to the loo, bathe and perform household chores. 2. Let’s be totally selfish here; the other option is that anyone without a significant safety net is made homeless. As attractive as it is to bluster on about how we should kick everyone off benefits and into paid employment, the jobs situation now is rather like the time my local library gave me an extension on my library books because if I were to bring them all back at once, they would not have room on the shelves. Job hunting is a soul destroying process. 3. 4. Being unemployed is not a crime. · How many people is that split between? 5. 6. 7.
Monsanto Hides Toxicity RoundUp Results, Calls them Secret Talking about Monsanto’s latest attempt to obstruct justice, halt transparency, and prevent people from stopping their seed and herbicide businesses from spreading is starting to seem redundant, but the company just keeps acting in increasingly objectionable ways. Now, the company is refusing to release to the public lab tests conducted in St. Louis, Missouri, which gave them authority to use glyphosate in China. Just months ago, Chinese food safety volunteers tendered a request to China’s Ministry of Agriculture to release the study that justified issuing the safety certificate for the import into China of Monsanto’s glyphosate-based herbicide RoundUp. The test was meant to be an acute exposure toxicity test in which rats were given RoundUp by mouth for several days, and rabbits were exposed to RoundUp by skin. The study results have never been disclosed anywhere in the world, and Monsanto refuses to disclose the results now.
Culture in Decline | Episode #6 "Tale of Two Worlds" by Peter Joseph Interne Kommunikation: Wie der BND die “Weitergabe von Rohdaten in großem Umfang” an die NSA verheimlicht Rechtsfreier Raum: Abhörstation in Bad Aibling. Als der Bundesdatenschutzbeauftragte den BND fragte, wie viele Daten er an die NSA übermittelt, war die Antwort: „580 Meldungen“ im Jahr 2012. Tatsächlich werden aber 1,3 Milliarden Metadaten übermittelt – jeden Monat. Das geht aus interner Kommunikation des Geheimdiensts hervor, die wir veröffentlichen. Die BND-Datenschutzbeauftragte kritisierte diese Antwort als „Falschauskunft“ – wurde aber von BND-Leitung und Bundeskanzleramt überstimmt. Letzte Woche berichtete Kai Biermann auf Zeit Online: BND-Spionageaffäre: BND liefert NSA 1,3 Milliarden Metadaten – jeden Monat. Seit dem Sommer von Snowden versuchen vielerlei Institutionen, etwas Licht ins Geheimdienst-Dunkel zu bekommen, darunter auch der/die Bundesdatenschutzbeauftragte. Aber auch schriftliche Anfragen an den BND hat die Datenschutzbehörde gestellt, so beispielsweise zwei im Juli und eine Anfang August 2013. Bundesdatenschutzbeauftragter: „Wie viele Daten an USA übermittelt? Prof.
Zeitgeist Versus the Market - Peter Joseph Debates Stefan Molyneux Rauchen ist gesund! | Internationale Politik und Gesellschaft - IPG Die Vereinigten Staaten und die Welt führen derzeit eine große Debatte über neue Handelsvereinbarungen. Derartige Verträge wurden früher als „Freihandelsabkommen“ bezeichnet; tatsächlich waren es gelenkte Handelsvereinbarungen, die auf die Interessen der Konzerne vor allem in den USA und der Europäischen Union zugeschnitten waren. Heute werden derartige Vereinbarungen häufig als „Partnerschaften“ bezeichnet – wie etwa im Falle der Trans-Pazifischen Partnerschaft (TPP). Doch es sind keine gleichberechtigten Partnerschaften: Faktisch diktieren die USA die Bedingungen. Zum Glück leisten Amerikas „Partner“ zunehmend Widerstand. Es ist unschwer erkennbar, warum. Der vielleicht unfairste – und unehrlichste – Bestandteil derartiger Übereinkommen betrifft den Investorenschutz. Die wahre Absicht dieser Bestimmungen besteht darin, Gesundheits-, Umwelt-, Sicherheits- und sogar Finanzaufsichtsregeln auszuhebeln, die Amerikas eigene Volkswirtschaft und Bürger schützen sollen. (c) Project Syndicate
The Cheapest Generation - Derek Thompson and Jordan Weissmann In 2009, Ford brought its new supermini, the Fiesta, over from Europe in a brave attempt to attract the attention of young Americans. It passed out 100 of the cars to influential bloggers for a free six-month test-drive, with just one condition: document your experience online, whether you love the Fiesta or hate it. Young bloggers loved the car. Young drivers? Not so much. After a brief burst of excitement, in which Ford sold more than 90,000 units over 18 months, Fiesta sales plummeted. Don’t blame Ford. Adulthood, Delayed The Great Recession changed young Americans' attitudes about what it means to be an adult.by Derek Thompson In a bid to reverse these trends, General Motors has enlisted the youth-brand consultants at MTV Scratch—a corporate cousin of the TV network responsible for Jersey Shore—to give its vehicles some 20-something edge. Perhaps. Since World War II, new cars and suburban houses have powered the economy and propelled recoveries.
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