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Why are the 'yellow vests' protesting in France?
A different maillot jaune: protracted protests in france target Macron and elite
france  protest  pointofview  macron  elite  politics  economy  wealth  Q1  2019 
20 hours ago by csrollyson
(1823) How a new aristocracy's segregation puts stress on society - YouTube
see book Dream Hoarders
the bottom 90% lost money. the 9% kept pace, the 1% escaped
inequality feeds on itself. the larger it gets the more hardened it gets.
also - like marries like! concentrates wealth further
gated communities - Dream Hoarders
america got a postcode lottery as well
Individual actions add up
natural progression from gated to gated and armed communities.
&! https://www.youtube.com/watch?v=DXJCcYZFA3c - Where you grow up matters in an unequal economy. Here’s how.
USA  inequality  class  book  1%  Professionals  Education  Millionaires  Dream  Hoarders  Erben  mobility  inherited  wealth  inheritance  aristocracy  American  social  status  postcode  lottery  America  Sociology  Bias  Gesellschaft  Psychology  prejudice  bigotry 
5 days ago by asterisk2a
An Empirical Test of the Ergodic Hypothesis: Wealth Distributions in the United States by Yonatan Berman, Ole Peters, Alexander Adamou :: SSRN
Classical studies of wealth inequality make the "ergodic hypothesis" that rescaled wealth converges rapidly to a stationary distribution. This allows powerful analytical techniques but constrains models. We test the hypothesis and find it unsupported by data. In a simple model of a growing economy with wealth reallocation, we fit the reallocation parameter to historical United States wealth data. We find negative reallocation, i.e. from poorer to richer, for which no stationary distribution exists. When we find positive reallocation, convergence to the stationary distribution is slow. Both cases invalidate the ergodic hypothesis. Studies which make it should be treated with caution.
income  inequality  wealth  econometrics  for_friends 
7 days ago by rvenkat
The richest families in Florence in 1427 are still the richest families in Florence — Quartz
They maintained their wealth through various sieges, Napoleon, Mussolini, and two world wars.
economics  money  wealth  power  florence  italy 
9 days ago by aagd
Why Americans Get Socialism and Capitalism Backwards
Socialism isn’t charity — it is the precise opposite. Socialism is investment. At least the modern sort, social democracy, because nobody outside a college campus is suggesting communal dorm living by way of the Bolshevik revolution. It is investment that people make in themselves — so that they can enjoy greater wealth — which capitalism will always starve them of.

Let me put that in plain English. Charity makes you poorer — it’s a transfer. Social democracy makes people wealthier. In lasting, transformative ways. It makes them richer. It lets them live longer. They are happier. It makes their democracies more robust. Their living standards rise dramatically as a result, to levels that no other system in human history has been able to achieve — neither communism, socialism, nor capitalism. That is perhaps the greatest discovery of the 20th century.
capitalism  democracy  socialism  wealth  investment  gametheory  zerosum 
10 days ago by mathpunk
The Best Skin-Care Trick: Be Rich - The Atlantic
The idea that you can look like wealthy women and models without professional intervention (dermatologists, estheticians) is a lie. The products alone cost hundreds of dollars.
beauty  skin  dermatology  wealth  money  economics  makeup 
10 days ago by emmacarlson
On Bullsh*t Jobs | David Graeber | RSA Replay - YouTube
"In 2013 David Graeber, professor of anthropology at LSE, wrote an excoriating essay on modern work for Strike! magazine. “On the Phenomenon of Bullshit Jobs” was read over a million times and the essay translated in seventeen different languages within weeks. Graeber visits the RSA to expand on this phenomenon, and will explore how the proliferation of meaningless jobs - more associated with the 20th-century Soviet Union than latter-day capitalism - has impacted modern society. In doing so, he looks at how we value work, and how, rather than being productive, work has become an end in itself; the way such work maintains the current broken system of finance capital; and, finally, how we can get out of it."
davidgraeber  bullshitjobs  employment  jobs  work  2018  economics  neoliberalism  capitalism  latecapitalism  sovietunion  bureaucracy  productivity  finance  policy  politics  unschooling  deschooling  labor  society  purpose  schooliness  debt  poverty  inequality  rules  anti-capitalism  morality  wealth  power  control  technology  progress  consumerism  suffering  morals  psychology  specialization  complexity  systemsthinking  digitization  automation  middlemanagement  academia  highered  highereducation  management  administration  adminstrativebloat  minutia  universalbasicincome  ubi  supplysideeconomics  creativity  elitism  thecultofwork  anarchism  anarchy  zero-basedaccounting  leisure  taylorism  ethics  happiness  production  care  maintenance  marxism  caregiving  serviceindustry  gender  value  values  gdp  socialvalue  education  teaching  freedom  play  feminism  mentalhealth  measurement  fulfillment  supervision  autonomy  humans  humnnature  misery  canon  agency  identity  self-image  self-worth  depression  stress  anxiety  solidarity  camaraderie  respect  community 
10 days ago by robertogreco
David Graeber on a Fair Future Economy - YouTube
"David Graeber is an anthropologist, a leading figure in the Occupy movement, and one of our most original and influential public thinkers.

He comes to the RSA to address our current age of ‘total bureaucratization’, in which public and private power has gradually fused into a single entity, rife with rules and regulations, whose ultimate purpose is the extraction of wealth in the form of profits.

David will consider what it would take, in terms of intellectual clarity, political will and imaginative power – to conceive and build a flourishing and fair future economy, which would maximise the scope for individual and collective creativity, and would be sustainable and just."
democracy  liberalism  directdemocracy  borders  us  finance  globalization  bureaucracy  2015  ows  occupywallstreet  governance  government  economics  politics  policy  unschooling  unlearning  schooliness  technology  paperwork  future  utopianism  capitalism  constitution  rules  regulation  wealth  power  communism  authority  authoritarianism  creativity  neoliberalism  austerity  justice  socialjustice  society  ideology  inequality  revolution  global  international  history  law  legal  debt  freedom  money  monetarypolicy  worldbank  imf  markets  banks  banking  certification  credentials  lobbying  collusion  corruption  privatization  credentialization  deschooling  canon  firstamendment 
10 days ago by robertogreco

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