asterisk2a + piketty   69

Tax evaders exposed: why the super-rich are even richer than we thought | Inequality | The Guardian
The higher one moves up the wealth distribution, the higher the probability ​​of hiding​ assets [...] More broadly, the key to successfully fighting tax evasion is to change the incentives for the providers of wealth concealment services. Over the last few years, a number of banks have pleaded guilty in the US to criminal conspiracies to defraud the Internal Revenue Service – yet they were able to keep their banking licences, and the fines they had to pay paled in comparison to their profits. A more ambitious approach would put criminal organisations out of business. If tax evasion ceases to pay, it will disappear.
UK  tax  evasion  avoidance  taxation  corporate  welfare  asset  capital  Thomas  Piketty  lobby  Delaware  USA  Luxembourg  Ireland  offshore  banking  money  laundering  Super  Rich  1%  Plutocracy  Oligarchy  revolving  door  KPMG  PanamaPapers  Switzerland  moral  ethics  crime  White-collar  HMRC  Austerity  gini  coefficient  inequality  social  mobility  income  poverty  trap  state  Meritocracy  Meritocratic 
june 2017 by asterisk2a
Donald Trump, Marine Le Pen: Wie Wirtschaftskrisen Populisten helfen - Kolumne - SPIEGEL ONLINE
All das passt zu Zahlen, wonach - auch in Deutschland - eine große Minderheit seit Jahrzehnten real an Einkommen verliert. Und der Abstand zwischen Gewinnern und Verlierern atemberaubend groß geworden ist. Und es passt zum verbreiteten Gefühl, dass nur noch schwer nachzuvollziehen ist, welche Macht Konzerne ausüben. Und wie wenig die Regierungen dem noch entgegenzusetzen haben. [...] All das lässt sich nicht mit ein bisschen mehr Konjunktur beseitigen. Wie der französische Ökonom Thomas Piketty diagnostiziert hat, gibt es eine fast automatische Verschärfung der Ungleichheit - schon weil mit großem Geld mehr zu verdienen ist als mit harter Arbeit.
DonaldTrump  MarineLePen  Donald  Trump  Brexit  UKIP  UK  USA  Germany  AfD  France  Frankreich  Populism  demagogue  far-right  right-wing  alt-right  White  Supremacy  Centrist  GFC  recovery  secular  stagnation  dot.com  Abstiegsangst  Middle  Class  Precariat  working  poor  neoliberalism  crony  capitalism  Austerity  Schuldenbremse  Fiscal  Pact  European  Union  Privatisation  workers  trade  Hartz-IV  ALG2  Aufstocker  Altersarmut  Globalisation  insecurity  Geert  Wilders  Protest  Vote  voterturnout  turnout  Democracy  inequality  gini  coefficient  Super  Rich  1%  Plutocracy  Oligarchy  tax  evasion  avoidance  lobby  TTIP  CETA  income  distribution  poverty  trap  Kapital  vested  interest  Capital  Thomas  Piketty  structural  unemployment  underemployed  underemployment  part-time 
may 2017 by asterisk2a
(453) James O'Brien (and Incorrigible) solve the housing crisis - YouTube
thatcher banned councils from borrowing money to build council houses/flats. ie w 50, 100 year loans. Councils would be making profit in the end by owning capital. Thatcher didnt like it, banned it. market and private capital knows best how to make profit. governments not allowed to make profits ROI on investment. Now +1bn housing benefit goes to private landlord. and 1/3 of ex council social housing is rented out by private landlords.
UK  Margaret  Thatcher  Privatisation  Social  Housing  affordable  Council  Tories  Conservative  Party  nasty  crisis  profit  maximisation  capitalism  Government  Capital  Kapital  ROI  rent  seeking  rentier  underinvestment  infrastructure  investment  GFC  recovery  immigration  demographic  bubble  England  economic  history  Tony  Blair  Labour  GE2017  Thomas  Piketty  neoliberal  neoliberalism  Brexit 
may 2017 by asterisk2a
The Hidden Wealth of Nations - YouTube
This lecture will discuss how big the wealth hidden in offshore tax havens is, what are the consequences for inequality, how tax havens work and are organized, and how we can begin to approach a solution. // 8trn dollars. // some 8% or more of wealth offshore. some parts ie russia even more
Thomas  Piketty  tax  evasion  tax  avoidance  tax  loopholes  tax  loopoles  corporate  welfare  subsidies  subsidizing  Lobbying  lobby  lobbyist  No  Representation  Career  Politicians  politician  neoliberal  neoliberalism  tax  haven  corporate  tax  rate  corporate  tax  budget  deficit  bank  bailout  GFC  crony  capitalism  capitalism  capitalism  in  crisis  inequality  income  distribution  1%  10%  20%  rentier  rent-seeking  Gini  coefficient  social  mobility  income  mobility  working  poor  Precariat  squeezed  middle  class  Bankgeheimnis  Panama  Papers  book  multinational  conglomerate 
july 2016 by asterisk2a
Stocks are up. But it appears to us that the U.S. economy is going down. Go figure.
velocity is at 57yr low - WOW! the money that is in circulation is in less hands! the econ expanded according to GDP, but less and less $ reach on avg each hand. - "This is serious. The velocity of money tracks how often each dollar is used to buy something in the economy. Falling velocity shows that consumers and business are pulling back… becoming more reluctant to spend and invest… downsizing… and holding onto dollars rather than spending them. This has a similar effect as reducing the supply of money bidding for goods and services. Prices drop. Deflation, in other words. The bubble has developed a leak. The hot air is gushing out." //&! bit.ly/1MOxc9A //&! research.stlouisfed.org/fred2/series/M2V &! pieria.co.uk/articles/getting_things_wrong_federal_reserve_style - it is associated with stagnant NGDP [...] demand problem.
monetary  velocity  liquidity  trap  Richard  Koo  nominal  GDP  targeting  GDP  measurement  GDP  recovery  reflate  reflation  economic  history  money  supply  Fed  fiscal  policy  monetary  policy  Gini  coefficient  inequality  economic  harm  economic  damage  GFC  crony  capitalism  shareholder  capitalism  Greed  profit  maximisation  profit  maximization  squeezed  middle  class  Elizabeth  Warren  Joseph  Stiglitz  Paul  Krugman  Robert  Reich  Thomas  Piketty  2016  UK  USA  secular  stagnation  Pact  fiscal  stimulus  austerity  Schuldenbremse  social  mobility  income  mobility  working  poor  Precariat  low  pay  low  income  Service  Sector  Jobs  Zero  Hour  Contract  Contractor  self-employment  inflation  targeting  microeconomic  policy  macroeconomic  policy  Super  Rich  1%  plutocracy  oligarchy  capitalism  capitalism  in  crisis  self-regulation  book  shareholder  value  Wall  Street  meritocracy  meritocratic  post-racial  America  barackobama  Larry  Summers  Bernie  Sanders  Establishment  Privileged  deregulation  bank  bailout  social  safety  net  welfare  state  aggregate  demand 
april 2016 by asterisk2a
Discussing the IMF’s research on inequality - an interview with Andrew Berg
Inequality and Unsustainable Growth (2011) - imf.org/external/pubs/ft/sdn/2011/sdn1108.pdf - what are the determinants of sustained growth (answer a middle class). phases of growth. institutional governance (tax evasion and tax avoidance). lobby, revolving door, no representation, career politicians. [...] redistribution should have win-win effect. //&! Richard Wilkinson: How economic inequality harms societies - youtu.be/cZ7LzE3u7Bw - national income per head (average) is not reflective (correlates) for health and child well-being measures, social capital (volunteering, Tories Big Society), mental health, prison population, social mobility. that is why Tories redefined fuel poverty & child poverty! That is why nominal GDP targeting is double edge sword (tax evasion and average national income per head, and being dependent on a industry for GDP (ie Brazil and resources, or south UK and banking - 80% of 2015 growth was consumtion). Leads to status anxiety & materialism/
inequality  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  squeezed  middle  class  working  poor  CEO  pay  shareholder  capitalism  IMF  western  world  Super  Rich  1%  plutocracy  oligarchy  discretionary  spending  disposable  income  Generation  Rent  poverty  poverty  trap  meritocracy  meritocratic  income  distribution  American  Dream  child  poverty  Thomas  Piketty  income  growth  income  inequality  income  mobility  Gini  coefficient  social  mobility  income  redistribution  Universal  Basic  tax  credit  tax  free  income  tax  evasion  tax  amnesty  tax  avoidance  HMRC  Political  Governance  Career  Politicians  revolving  door  Lobbying  lobby  lobbyist  No  Representation  Niall  Ferguson  secular  stagnation  Elizabeth  Warren  Precariat  job  insecurity  welfare  state  social  safety  net  nominal  GDP  targeting  WHO  consumerism  materialism  status  anxiety  values  social  status  self-esteem  mental  health  well  being  GNP 
april 2016 by asterisk2a
More Evidence Supporting the House of Debt | House of Debt
Many have argued that we overstate the importance of housing and household debt in explaining the Great Recession and weak recovery. They point to the banking crisis, policy uncertainty, or excessive regulation as equally or even more important. The data released today by the BEA show pretty clearly that the arguments we make in House of Debt remain relevant for thinking about economic weakness today. In our view, the explanation we provide is the most consistent with the striking difference in consumption across states. // From Comments: Without real median income rising you can’t grow in an economy based on debt expansion
secular  stagnation  consumer  debt  mortgage  market  household  debt  USA  UK  recovery  GFC  credit  card  debt  debt  servitude  debtoverhang  Richard  Koo  student  loan  debt  Super  Cycle  student  debt  debt  monetisation  debt  monetization  private  debt  fiscal  policy  monetary  policy  book  marginal  propensity  to  consume  consumerist  consumerism  zombie  consumer  discretionary  spending  disposable  income  negative  equity  job  creation  precarious  work  Precariat  low  pay  low  income  Service  Sector  Jobs  job-creation  squeezed  middle  class  Elizabeth  Warren  income  distribution  inequality  Gini  coefficient  income  mobility  social  mobility  American  Dream  post-racial  America  Joseph  Stiglitz  Thomas  Piketty  Paul  Krugman  part-time  Zero  Hour  Contract  Contractor  income  growth  income  inequality  economic  history  Super  Rich  1%  austerity  oligarchy  plutocracy  fiscal  stimulus  budget  deficit  corporate  welfare  tax  avoidance  tax  evasion  corporate  tax  rate  subsidies  subsidizing  welfare  state  social  safety  net  western  world  trickle-down  economics  neoliberalism  neoliberal  Chicago  School  credit  bubble  liquidity  trap  balance  sheet  recession  deleveraging 
february 2016 by asterisk2a
Masters in Business: Nobel-Prize Economist Paul Krugman (Audio) by Bloomberg View
// most times conviction is lacking, trapped in the bubble, no non-conformity, too much of a comfortable life. // 28:30! Confidence Fairy >> austerity from 2010! vested interest plays big role! Policy Makers are on the side of credit, on bond holders. bond holders don't like inflationary period! ... Hyperinflation will come any day! // 31:00 econ needs to be reformulated in class rooms to be much broader subject! << see robert shiller interview! ie behaviour, sociology and psychology, irrational behaviour // 44:15 on keynes! was no left wing socialist, he tried to save capitalism! he had world changing analysis! sometimes there can not be enough demand, same with sometimes it is good to have waste vs nothing, pointless ways to spend money can have a positive effect. ie infrastructure investment - repaving roads = less private repair bills! public transportation = less drunk driving accidents. history shows fiscal stimulus gets always too early withdrawn from deficit hawks!
economic  history  GFC  Paul  Krugman  Thomas  Piketty  inequality  Gini  coefficient  income  inequality  social  mobility  income  mobility  paulkrugman  repo  bankrun  speculative  bubbles  subprime  Generationengerechtigkeit  Policy  Makers  constituency  George  Osborne  austerity  error  folly  credit  bubble  secular  stagnation  debt  servitude  Super  Cycle  Japan  Abenomics  fiscal  monetary  Richard  Koo  KennethRogoff  USA  UK  European  Union  lost  decade  lost  generation  Robert  Shiller  robertshiller  book  miltonfriedman  friedmann  JohnMaynardKeynes  keynes  Keynesianism  budget  deficit  GeorgeOsborne  fiscal  stimulus  GordonBrown  underinvestment  recovery  productivity  output  gap  liquidity  trap  ZIRP  NIRP  QE  infrastructure  investment  Richardkoo  public  investment  productive  investment  business  investment  short-termism  neoliberalism  neoliberal  Privatisation  trickle-down  economics  Super  Rich  1%  oligarchy  plutocracy  social  democracy  corporate  welfare  subsidies  subsidizing 
february 2016 by asterisk2a
James Galbraith, Kate Pickett, Branko Milanovic - Consequences of Inequality and Wealth Distribution - YouTube
free education / land value tax / higher inheritance tax / abolition of private education / more progressive taxation / combat tax avoidance and tax evasion / ... Universal Basic Income //&! New Theoretical Perspectives on the Distribution of Income and Wealth Among Individuals - youtu.be/RO8KWTb2iPM - w Joseph Stiglitz and Paul Krugman --- distinguishing between wealth and capital. ignore land (free yourself from Ricardo). land. credit. //&! David Cay Johnston: The Perils Of Our Growing Inequality - David Cay Johnston about his new book, Divided: The Perils of Our Growing Inequality. - youtu.be/ok7ZJ8mS19Y
inequality  income  inequality  Gini  coefficient  education  policy  income  distribution  income  redistribution  tax  free  income  income  mobility  social  mobility  health  inequality  gender  inequality  trickle-down  economics  neoliberalism  neoliberal  welfare  state  social  safety  net  progressive  tax  code  Super  Rich  1%  oligarchy  plutocracy  social  democracy  No  Representation  Career  Politicians  democracy  tax  evasion  tax  avoidance  Universal  Basic  inheritance  tax  financial  literacy  wealth  distribution  wealth-distribution  transferring-wealth  Thomas  Piketty  Joseph  Stiglitz  Robert  Reich  squeezed  middle  class  globalization  globalisation  Paul  Krugman  Elizabeth  Warren  austerity  fairness  Generationengerechtigkeit  fiscal  policy  economic  growth  Supply  and  Demand  Demand  and  Supply  disposable  income  discretionary  spending  credit  bubble  GFC  recovery  monetary  policy  debt  servitude  consumer  debt  household  debt  Student  Loan  debt  debt  credit  card  debt  credit  card  economic  history  macroeconomic  policy  microeconomic  policy  competitiveness  productivity  knowledge  worker  book  monopoly  oligopoly  oligopol  American  Dream  meritocracy  meritocratic  post-racial  America  free  market  freemarkets  dogma  ideology 
january 2016 by asterisk2a
Insatiability, and the 15-hour week - YouTube
// book wealth of nations //&! Prof Lord Robert Skidelsky - How Much is Enough? The Economics of the Good Life - youtu.be/yeWz5Cg_BD4 //&! Guaranteed Employment & Basic Income - youtu.be/2W1ShSG1X6k //&! Why the precariat requires a basic income (Prof. Guy Standing) (ENG) - youtu.be/4WaA8zqjBSk //&! The Precariat: The new dangerous class - Sydney Ideas - youtu.be/-jJt-5i_dls
book  Robert  Skidelsky  income  distribution  GDP  nominal  GDP  targeting  macroeconomic  policy  happiness  index  microeconomic  policy  4-day  work  week  6-hour  work  day  economic  history  well  being  public  health  policy  public  health  leisure  time  work  life  balance  burnout  western  society  western  world  secular  stagnation  life  hacker  life  lesson  inequality  Gini  coefficient  wealth  distribution  tax  evasion  tax  avoidance  social  democracy  No  Representation  democracy  welfare  state  social  safety  net  minimum  wage  Universal  Basic  Thomas  Piketty  precarious  work  Precariat  working  poor  poverty  in  old  age  poverty  UK  USA  Europe  transferring-wealth  wealth-distribution  trickle-down  economics  neoliberalism  neoliberal  Super  Rich  1%  plutocracy  oligarchy  Greed  zombie  consumer  consumerism  consumerist  status  anxiety  Selbstdarstellung  Selbstfürsorge  sociology  philosophy  Aristotle  low  income  tax  free  income  income  redistribution  income  inequality 
january 2016 by asterisk2a
Thomas Piketty on Capitalism, Corbyn and why Zuckerberg is getting it wrong - BBC Newsnight - YouTube
home ownership in UK is biggest item of UK's household wealth. 2/3rd of housing is owned. other 3rd is rented. that is why the property bubble/prices have to be kept afloat. otherwise balance sheet recession > deleveraging > debt servitude > lower consumption rate > cratering UK economy as ~70% of UK economy is based on consumption. // blaming others (ISIS) for radicalization. but who put them in this place to be radicalized, in the first place? inequality, youth unemployment. // COP21, western world do not face their historical obligation! // world wealth and income database - www.wid.world
philanthropy  Thomas  Piketty  Mark  Zuckerberg  Bill  Gates  social  mobility  income  mobility  Gini  coefficient  meritocracy  meritocratic  Alain  de  Botton  UK  George  Osborne  property  bubble  tax  code  progressive  taxation  Help  to  Buy  Scheme  Buy  to  Rent  rent-seeking  rentier  generation  GFC  bank  bailout  austerity  fairness  Generationengerechtigkeit  Tories  Conservative  Party  David  Cameron  budget2015  inequality  income  inequality  youth  unemployment  radicalization  islamic  radicalism  radicalisation  Islamophobia  ISIS  disenfranchise  disenfranchised  Perspective  Perspektivlosigkeit  COP21  debt  servitude  Super  Cycle  household  debt  private  debt  credit  card  debt  car  loan  credit  card  consumer  debt  debtoverhang  2015  2016  fiscal  policy  Makers  vested  interest  interest  groups  monetary  policy  ZIRP  NIRP  QE  distortion  Super  Rich  1%  plutocracy  democracy  No  Representation  social  democracy  Career  Politicians  constituency  babyboomers  general  election  2015  election  campaign  promises  Manifesto 
january 2016 by asterisk2a
Robots are coming for your job. That might not be bad news
The problem with automation isn’t technology. The problem is capitalism. // [ Deflationary pressure, 3bn people in developing world and frontier markets unemployed, waiting to join workforce. ] [ who buys the gadgets and widgets when half the world is unemployed ] // This time, as Martin Ford argues in Rise of The Robots, education and upscaling won’t help us. There will simply be fewer jobs to go around, as everything from accountancy to journalism will be done faster, cheaper and more efficiently by machines. The result, as Jerry Kaplan agrees in Humans Need Not Apply, is that billions will be left destitute – unless we radically rethink our way of keeping people fed.
Software  Is  Eating  The  World  Robotics  automation  Marketplace  efficiencies  commodity  business  commoditization  mobile  homescreen  capitalism  Gini  coefficient  income  distribution  Super  Rich  Commanding  Heights  1%  Wall  Street  shareholder  value  profit  maximisation  tax  evasion  tax  avoidance  Creatives  Creative  freelancing  freelance  Universal  Basic  corporate  welfare  welfare  state  social  safety  net  tax  free  income  Zero  Hour  Contract  Contractor  job  creation  6-hour  work  day  4-day  work  week  Robert  Skidelsky  leisure  time  burnout  chronic  stress  deflationary  technological  history  technological  progress  secular  stagnation  Niall  Ferguson  crony  capitalism  exploitation  lobbyist  lobby  Lobbying  inequality  income  inequality  capital  gains  tax  capital  gains  democracy  precarious  work  Precariat  working  poor  low  income  low  pay  globalisation  globalization  flat  borderless  free  trade  trade  agreement  TTIP  TPP  TISA  squeezed  middle  class  Sozialer  Abstieg  Soziale  Marktwirtschaft  Sozialpolitik  worklife  Future  of  Workers  Union  underemployed  Thomas  Piketty  Robert  Reich  Joseph  Stiglitz  part-time  job  security  job  market  labour  economics  labour  market  Minijob  book  Policy  Makers  revolving  door  social  social  social  tax  economics  of 
october 2015 by asterisk2a
Who is advising Jeremy Corbyn on economics?
John McDonnell and Jeremy Corbyn have selected an economic advisery committee to help create a “coherent alternative” to austerity. // bit.ly/1KVdreO QE for people. - via on.fb.me/1KLDgei
Labour  Party  Jeremy  Corbyn  macroeconomic  policy  microeconomic  policy  Makers  UK  trickle-down  economics  Tories  Conservative  Party  neoliberalism  neoliberal  lefty  Gini  coefficient  income  mobility  social  mobility  education  policy  underinvestment  Super  Rich  1%  tax  evasion  tax  avoidance  productive  investment  Joseph  Stiglitz  Thomas  Piketty  David  Blanchflower  Politics  constituency  election  campaign  promises  Ann  Pettifor  book  No  Representation  fairness  Generationengerechtigkeit  social  contract 
september 2015 by asterisk2a
One Map Shows Just How Expensive College Can Be for Students Making Minimum Wage
[S]ubstantial evidence that lack of information plays a critical role in shaping the financial decisions people make. Consider how a vast majority of people who are currently defaulting on their student loans in the U.S. would be able to halt their financial suffering if they knew they could enroll in an income-based repayment plan that would shrink or eliminate their monthly payments. This map goes some way toward explaining why low-income students are less likely to enroll in college. If the idea that college is a risky investment is something thats gaining traction in well-to-do circles, then surely people who hail from less fortunate backgrounds are even more inclined to think the potential price is too high. // could be seen as balance sheet recession: rising cost of education - & on other side - unable 2 pay w job u can get (asset value). Education is mispriced in UK/USA in a new world going forward! >> youtu.be/_EDGTzOXa_g?t=1h46m5s
College  University  USA  student  loan  debt  student  loan  student  debt  NPL  un-college  minimum  wage  cost  of  living  income  growth  wage  growth  wage  stagnation  Millennials  generationy  disposable  income  discretionary  spending  babyboomers  living  standard  standard  of  living  living  wage  Generationengerechtigkeit  generation  rent  2015  income  mobility  social  mobility  downward  mobility  Gini  coefficient  income  distribution  1%  Super  Rich  income  inequality  low  income  income  redistribution  precarious  work  working  poor  job  security  job  creation  UK  education  policy  competition  globalisation  globalization  neoliberalism  neoliberal  Privatisation  borderless  flat  world  trickle-down  economics  economic  history  inequality  labour  market  Service  Sector  Jobs  Niedriglohnsektor  marginal  propensity  to  consume  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  Thomas  Piketty  Elizabeth  Warren  Larry  Lessig  labour  economics  Wall  Street  profit  maximisation  shareholder  value  shared  economic  interest  secular  stagnation  stagnation  debt  servitude  Super  Cycle  debtoverhang  deleveraging  balance  sheet  recession  financial  literacy  Career  Politicians  No  Representation  social  contract  political  theory  vested  interest  interest  groups  generational  contract  lost  generation  lost  decade  personal  bankruptcy  poverty  trap  Mark  Blyth  dem 
september 2015 by asterisk2a
Millennials Can't Afford Cars, and Are Fine With That - Bloomberg View
As somebody who wondered in a column last week whether people in developed countries were perhaps learning that they no longer needed as much stuff as they used to, and whether this might lead to big shifts in the global economy, I read on with great interest. [...] The changes in young adults' consumption habits have clearly been influenced by economic forces. But economic forces shape societal attitudes, too. I also don't see much sign that these economic forces are about to reverse. Both these things can be true: The median 25-to-34-year-old has less to spend, and is less interested in spending it on a car.
wage  growth  income  growth  squeezed  middle  class  economic  growth  disposable  income  discretionary  spending  economic  history  globalization  globalisation  western  world  developed  world  UK  USA  Europe  Millennials  Generationengerechtigkeit  fairness  inequality  Gini  coefficient  social  mobility  income  mobility  marginal  propensity  to  consume  trickle-down  economics  neoliberalism  neoliberal  income  inequality  Super  Rich  1%  tax  code  capital  gains  tax  income  tax  Share  Economy  digital  academia  academics  microeconomic  policy  student  loan  debt  student  loan  student  debt  Bubble  wage  stagnation  secular  stagnation  household  debt  consumer  debt  private  debt  2015  recovery  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  Thomas  Piketty  plutocracy  Wall  Street  profit  maximisation  shareholder  value  emerging  middle  class  affordable  housing  social  housing  cost  of  living  cost  of  ownership  closetphile  status  anxiety  status  symbol  Media  materialism  zombie  consumer  consumerist  consumerism  Workers  Union  precarious  work  working  poor  living  standard  standard  of  living  Zeitarbeit  Leiharbeit  self-employment  Zero  Hour  Contract  Contractor  competitive  competition  differentiate  differentiation  Mobile  Creatives  Future  of  Universal  Basic  Germany  babyboomers  generation  rent  Richard 
september 2015 by asterisk2a
Soziale Gerechtigkeit und Wachstum: Deutschland mittelmäßig - SPIEGEL ONLINE
Wie gut gelingt es Staaten, eine nachhaltige Wirtschaftspolitik mit sozialer Gerechtigkeit zu vereinen? Deutschland landet in einer Studie des Weltwirtschaftsforums nur im Mittelfeld. Vor allem das Steuersystem schneidet schlecht ab. // &! bit.ly/1K7qKCb - Erbschaft!
Generationengerechtigkeit  fairness  austerity  Gini  coefficient  social  mobility  income  mobility  downward  mobility  inequality  gender  inequality  economic  growth  tax  free  income  kalte  Progression  coldprogression  Universal  Basic  Super  Rich  1%  Public  Services  Services  welfare  state  social  safety  net  OECD  IMF  Robert  Reich  Joseph  Stiglitz  Thomas  Piketty  tax  avoidance  tax  evasion  capital  gains  tax  income  tax  infrastructure  infrastructure  investment  commuting  chronic  stress  child  poverty  poverty  trap  food  poverty  well  being  happiness  index  neoliberalism  neoliberal  Workers  Union  precarious  work  Precariat  working  poor  minimum  wage  tax  credit  education  policy  underbanked  poverty  Sozialer  Abstieg  squeezed  middle  class  corporate  tax  rate  Privatisation  underinvestment  productive  investment  investment  Public  Good  Career  Politicians  short-term  long-term  competitiveness  globalisation  globalization  borderless  flat  world  job  security  Zeitarbeit  Leiharbeit  Zero  Hour  Contract  Contractor  tax  code  lobbyist  lobby  Lobbying  shared  economic  interest  Wall  Street  profit  maximisation  shareholder  value  Mittelstand  SME  SMB  Germany  society  culture  Gesellschaft  babyboomers  Millennials  generationy  bank  social  bail 
september 2015 by asterisk2a
▶ How The Economic Machine Works by Ray Dalio
credit great 4 productive investments 4 the future that will benefit u/me/gov/biz like infrastructure/edu/skills. but waste 4 pure consumption that dont increase productivity in the long run. Like consumer credit spend 2 replace a 2yr old flat screen. vs consumer credit 4 vocational/professional further edu 2 get a higher earning job (future higher income 2 repay the then debt liability & have some more/left over). Bad if u dont have later higher earnings from higher education 2 repay debt & just work in an underemployed placement that any college dropout could do. Thing is, college dropout doesnt have that debt liability that the higher education person has (reduced disposable income bc debt repayment + interest payments.) Women are hit double (gender pay gap) & triple (childcare long-term earnings loss). // min16 income growth important 2 keep up with debt repayment beyond interest. if not, we reached peak long-term debt cycle! // doesnt include globalisation's deflationary effects
credit  bubble  austerity  business  cycle  debt  cycle  financial  cycle  Super  economic  cycle  productivity  income  growth  wage  growth  wage  stagnation  output  gap  economics  disposable  income  discretionary  spending  economic  history  living  standard  standard  of  living  gender  pay  gap  reflate  reflation  asset  bubble  equity  bubble  China  USA  2015  speculative  bubbles  secular  stagnation  stagnation  deflationary  deflation  household  debt  government  debt  public  debt  debt  servitude  student  loan  debt  consumer  debt  debtoverhang  balance  sheet  recession  deleveraging  sovereign  debt  crisis  debt  bubble  student  debt  debt  monetisation  debt  monetization  private  debt  GFC  recovery  Richard  Koo  liquidity  trap  NPL  excess  reserves  zombie  banks  zombie  consumer  debt  restructuring  QE  ZIRP  NIRP  debt  jubilee  greatrecession  Great  Depression  budget  deficit  Super  Rich  Polarisation  Thomas  Piketty  tax  evasion  tax  avoidance  fairness  inequality  Gini  coefficient  social  cohesion  social  tension  social  contract  Career  Politicians  Joseph  Stiglitz  Paul  Krugman  Robert  Reich  Mark  Blyth  income  redistribution  income  inequality  income  mobility  social  mobility  capital  gains  tax  tax  code  corporate  tax  rate  lost  decade  lost  generation  neoliberalism  neoliberal  globalization  globalisation  western  world  developed  world  Europe  competitiveness  competition  competitive  flat  world 
september 2015 by asterisk2a
After the Crisis - Mark Blyth - YouTube
>> what if rise of the banks (deregulation, easy credit, global financial markets - arbitrage, and making money with money) fuelled the growth of the last ~25-30 years. // min 47 3 asset bubbles popped // USA - 40% of corporate profits came from 10% of corporate sector (banks) // 30% of MIT grads went to banks instead of real world engineering and manufacturing. // underwater private sector! via credit bubble: student loans (now 1trn and still rising in USA and UK, future disposable income/discretionary spending lower than babyboomers because of wage stagnation, no wage growth) credit cards, mortgages, heloc (home equity line of credit) --- all will have to focus on paying back debt. // 2015 - us student loans 1.25trn - bit.ly/1KJ29uc + auto loans << bubble to eventually pop when collateral is falling! ie stagnant wages for 10 more years. and more and more cant repay their student loans. // 1:12:00 Bubbles move on; dot.com, real estate (property) & commodities, China,
Mark  Blyth  austerity  GFC  recovery  banking  crisis  sovereign  debt  crisis  economic  history  PIIGSFB  bank  bailout  fairness  Generationengerechtigkeit  toobigtofail  too  big  to  jail  too  big  to  bail  TBTF  ECB  NPL  deleveraging  balance  sheet  recession  underwater  credit  bubble  trickle-down  economics  China  2015  2008  dot.com  western  world  secular  stagnation  debt  servitude  student  loan  debt  student  loan  student  debt  generationy  generation  rent  Millennials  disposable  income  discretionary  spending  marginal  propensity  to  consume  Super  Rich  squeezed  middle  class  Sozialer  Abstieg  self-employment  Zero  Hour  Contract  Contractor  underemployed  precarious  work  working  poor  inequality  Gini  coefficient  post-capitalism  crony  capitalism  capitalism  manufactured  consent  Polarisation  Thomas  Piketty  developed  world  income  inequality  propaganda  populism  corporate  state  corporate  media  democracy  Career  Politicians  lobbyist  Lobbying  lobby  deregulation  self-regulation  Workers  Union  wage  stagnation  wage  growth  income  distribution  income  growth  income  mobility  low  income  income  redistribution  stagnation  consumer  debt  debtoverhang  Super  Cycle  debt  bubble  household  debt  private  debt  asset  bubble  reflate  reflation  asset  allocation  distortion  monetary  policy  monetary  stimulus  monetary  monetary 
september 2015 by asterisk2a
UK seems to relax pressure on Caymans over company register | US news | The Guardian
The UK government appears to have relaxed its pressure on the Cayman Islands to create a register of company ownership, despite David Cameron’s plea last year for overseas territories to do so in the interests of tax transparency. The prime minister promised to introduce a public register of beneficial ownership in the UK and wrote to the overseas territories last year urging them to consider doing the same, arguing that public access to a central list is “vital to meeting the urgent challenges of illicit finance and tax evasion”. However, the Cayman Islands is one of several offshore territories – including the British Virgin Islands and Bermuda – that are refusing to implement the idea after consultation. // sanctions for the vulnerable, disabled, sick, deprived, in poverty going to the food bank without hot water or electricity. but no sanctions for Amazon, Starbucks, Vodafone, Boots, and Co. ... tending to those that donate and go out to vote.
tax  evasion  tax  avoidance  UK  corporate  tax  rate  David  Cameron  fairness  Wall  Street  shareholder  value  profit  maximisation  budget2015  budget  deficit  2015  Tories  Establishment  Privileged  No  Representation  social  contract  political  theory  Europe  USA  Super  Rich  1%  capital  gains  tax  tax  code  social  cohesion  austerity  social  tension  ethics  moral  beliefs  Thomas  Piketty  Joseph  Stiglitz  Robert  Reich  Mark  Blyth  exploitation  lobbyist  lobby  Lobbying  revolving  door  election  campaign  promises  general  election  2015  sanctions  double  standard  values  Generationengerechtigkeit  society  Iain  Duncan  Smith  DWP  babyboomers  economic  history  crony  capitalism  capitalism  vested  interest  interest  groups  bank  bailout  sovereign  debt  crisis 
september 2015 by asterisk2a
(2012/13) After the Financial Crisis: How to Tell the Forest from the Trees - YouTube
"Profits are privatized while losses are socialized. How we got here, and how we can get out of this situation." // min20 - UK debt2GDP 2008, +100% Debt on Banks Balance Sheet, ~100% Household Debt, +100% Nonfinancial institutional/corporate Debt, <50% Gov Debt ( bit.ly/1u6QiLP ) risen to <80% Gov Debt2GDP bc of Bank Bailout. ( gross national debt has been rising, unable to pay down because of lack of growth, turning Japan - bit.ly/1f7UNyp ) // It is still a banking crisis. Especially in Europe. Not a sovereign debt crisis. Greece situation made much worse because of austerity. // min 32 - talks about China! China's Assets and Liabilities. 70% of global consumption is US/EU. [but shifting!] From CDO example, China correlates with US/EU vice versa! Chinese property bubble & equity bubble, came 2 an end this Summer 2015! The crisis began w banks & will end w banks! The crisis is still with us. The banks, stupid! // investment banking bust bc of low yields across all public asset classes
Mark  Blyth  austerity  GFC  recovery  2015  economic  history  bank  bailout  sovereign  debt  crisis  Greece  PIIGSFB  zombie  banks  liquidity  trap  ECB  UK  BOE  Fed  USA  China  faultlines  structural  imbalance  Impediments  global  imbalances  savings  rate  savings  glut  shadow  banking  investment  banking  banking  crisis  European  Union  hunt  for  yield  reflate  reflation  ZIRP  NIRP  QE  bond  bubble  speculative  bubbles  asset  bubble  asset  allocation  toxicassets  badbank  policy  error  too  big  to  bail  too  big  to  jail  toobigtofail  TBTF  Richard  Koo  trust  distrust  trustagent  Insolvenzverschleppung  insolvency  insolvent  underinvestment  productive  investment  business  confidence  consumer  confidence  deflationary  deflation  secular  stagnation  globalization  globalisation  hot-money  currency-war  currency  debasement  currency  war  business  investment  New  Normal  margin  trading  demographic  bubble  property  bubble  equity  bubble  ageing  population  western  world  emerging  middle  class  Frontier  Markets  Developing  BRIC  emerging  market  IMF  OECD  credit  bubble  inequality  Gini  coefficient  Thomas  Piketty  poverty  social  mobility 
august 2015 by asterisk2a
Twitter works just fine – but for investors, anything except total market domination is a disaster | Comment is free | The Guardian
Nothing better illustrates capitalism’s addiction to illogic than the mismatch between Twitter’s workability and its unpopularity with Wall Street [...] Any company that cannot demonstrate a clear route to monopolising its space, monetising its users’ data on a vast scale, is to be discarded, targeted for acquisition, consigned to perpetual dowdiness. [...] When I’ve pointed to Wikipedia, Apache or Linux as harbingers of a new, non-market, open source economics, one of the stock responses is: “now show us something more spectacular.” The problem is, these modest, functional and free products are already in their own way spectacular. Wikipedia is the biggest information product in the world; Apache runs half the world’s web servers; and Linux is the system of choice for at least a third of all servers (the computers that run businesses) and 97% of the world’s supercomputers.
Twitter  Wall  Street  shareholder  value  profit  maximisation  short-term  short-term  thinking  short-term  view  crony  capitalism  capitalism  exploitation  post-capitalism  monopoly  monopsony  oligopoly  oligopol  Facebook  IPO  Google  Open  Source  Share  Economy  Open  Data  Wikipedia  GNU/Linux  Apache  Wordpress  creative  destruction  Software  Is  Eating  The  World  3D  printing  Robotics  automotive  self-driving  cars  disrupting  markets  disruption  Marketplace  commodity  business  commoditization  marginal  cost  differentiate  differentiation  economics  of  abundance  autonomous  car  automation  Future  of  Work  Mobile  Creatives  Mobile  21stcentury  Collaborative  collaboration  cooperation  user  generated  content  crowdsourcing  Industrial  Revolution  2.0  policy  Industrial  Revolution  economic  history  trickle-down  economics  Universal  Basic  Income  winner  take  all  Amazon  SAP  Salesforce  inequality  Thomas  Piketty  Super  Rich  1%  mainstreet.org  tax  evasion  tax  avoidance  Gini  coefficient  deregulation  neoliberalism  neoliberal  self-regulation  regulators  regulation  utility  public  utility  Good  Silicon  Valley  Unicorn  Decacorn  Private  Market 
august 2015 by asterisk2a
The Draghi Put - YouTube
Draghi Put &! bit.ly/1fQ2lcq // &! bloom.bg/1Euf6peh // &! Mark Blyth Mackenzie Lecture 2015 – Austerity and the Politics of Money - youtu.be/B6vV8_uQmxs --- u cant make them lend (banks) 2 businesses (productive investment, closing productivity & output gap) particularly in a deflationary world with secular stagnation tendencies/signs, with non-existent inflation expectations! liquidity trap! dont get into higher growth path/gear! and infrastructure bonds (= Eurobond) on EU level wont help very much. !New Normal is lower yield avg across assets (public) & economic growth average p/a of abt 1.2-1.4% Add demographic bubble/ageing population = less consumerism, less disposable income/discretionary spending on aggregate, Piketty (book) removed technology as growth multiplier in some chapters & then you really come to <2% p/a long-run growth predictions for EU/western world. <2% growth p/a at >90% debt2gdp u have a problem! == Rechtsruck &or Anti-Austerity. Political tail-risk!
Draghi  Put  ECB  ELA  TLTRO  LTRO  QE  ZIRP  NIRP  liquidity  trap  distortion  bond  bubble  asset  bubble  equity  bubble  reflate  reflation  financial  repression  asset  allocation  speculative  bubbles  deflationary  deflation  inflation  expectation  inflation  targeting  MarioDraghi  monetary  transmission  mechanism  M3  monetary  policy  monetary  stimulus  monetary  theory  hot-money  hunt  for  yield  debt  monetisation  debt  monetization  trust  devaluation  currency  debasement  currency-war  fiat  currency  trustagent  distrust  Richard  Koo  fiscal  stimulus  austerity  fiscal  policy  balance  sheet  recession  deleveraging  debt  servitude  Super  Cycle  Mark  Blyth  inequality  New  Normal  economic  history  underinvestment  productive  investment  infrastructure  investment  output  gap  productivity  UK  Europe  Germany  PIIGSFB  zombie  banks  Thomas  Piketty  demographic  bubble  ageing  population  economic  growth  Rechtsruck  SNP  European  Election  2014  UKIP  AfD  NPD  Conservative  Party  Tories  Establishment  Privileged  babyboomers  Lügenpresse  manufactured  consent  PR  spin  doctor  propaganda  populism  Labour  Party  Career  Politicians  No  Representation  social  contract  Generationengerechtigkeit  fairness  poverty  Gini  poverty  policy  coef 
august 2015 by asterisk2a
Austerity: The History of a Dangerous Idea - YouTube
faith in capitalism can only be sustained, according to Adam Smith, if we can better ourself (vs winner takes all) & talent diversion into Finance, not Climate Change, STEM, education, sw, hw & rogoff/reinhart called 4 fiscal stimulus in 2014. &! its a banking problem, not overspend, its corporate state (Tories) PR and spin doctors, manufacturing consent, propaganda/populism! change conversation away from banks! // youtu.be/a-8ySh6nUsA // &! The Austerity Delusion - youtu.be/NQGCoiakycQ // &! Is Austerity a Dangerous Idea? - youtu.be/2v8m-J8sgik // &! youtu.be/JQuHSQXxsjM // &! Mackenzie Lecture 2015 - youtu.be/B6vV8_uQmxs // &! After the Financial Crisis: How to Tell the Forest from the Trees - youtu.be/V3FPmu2_J_0 // &! Book Panel 2013 - youtu.be/Xz4FW8GDwG4 - "debt gets cured by growth." & austerity is ideological war on welfare state & class // &! youtu.be/iM2cnMhJZyg // &! youtu.be/in5M65566iw // &! What I Learned and (Un-Learned) at the Financial Crisis - youtu.be/lhldDOp77QA /
austerity  economic  history  Gini  coefficient  social  mobility  income  mobility  downward  mobility  inequality  apathy  voter  turnout  crony  capitalism  ideology  dogma  GFC  IMF  OECD  ChristineLagarde  George  Osborne  David  Cameron  Angela  Merkel  Troika  Wolfgang  Schäuble  Conservative  Party  Schuldenbremse  Fiscal  Pact  UK  Europe  Generationengerechtigkeit  fairness  lost  generation  lost  decade  Japan  ZIRP  NIRP  QE  unintended  consequences  asset  allocation  hunt  for  yield  speculative  bubbles  property  bubble  unknown  unkown  Taper  KennethRogoff  carmenreinhart  Thomas  Piketty  debtoverhang  balance  sheet  recession  sovereign  debt  crisis  deleveraging  Richard  Koo  trickle-down  economics  neoliberalism  neoliberal  Privatisation  industrial  policy  Revolution  2.0  deflationary  deflation  secular  stagnation  globalisation  globalization  Eurogroup  Paul  Krugman  Joseph  Stiglitz  reflate  recovery  reflation  bond  bubble  asset  bubble  faultlines  structural  imbalance  Impediments  BOE  macroeconomic  policy  microeconomic  policy  short-term  Career  Politicians  political  theory  social  contract  Gesellschaft  No  Representation  Rechtsruck  stagnation  social 
august 2015 by asterisk2a
Krise ǀ Weimar reloaded — der Freitag
Das Land befindet sich schon mitten in der Depression und schuld daran sind hohe Lohnkosten und üppige Sozialpolitik. Helfen können dagegen nur Lohn-, Preis- und Budgetkürzungen. Was sich liest wie eine Mainstream-Diagnose des heutigen Europas, ist tatsächlich der Inhalt eines Artikels aus dem März 1929. Er erschien im Deutschen Volkswirt, einem damaligen Fachblatt der liberalen Ökonomie. Der Autor war kein Geringerer als Joseph Schumpeter. Was er vorschlug, ist später als die berüchtigte Deflationspolitik des bis Mai 1932 amtierenden Reichskanzlers Heinrich Brüning bekannt geworden. [ can solve debt overhang w austerity, >> is deflationary, stagnant balance sheet or shrinking, thus increases debt 2 gdp/asset ratio ] [...] den „Ruin Mitteleuropas“ zu verantworten.
austerity  economic  history  Weimar  Treaty  of  Versailles  deflationary  deflation  debtoverhang  Debt  Super  Cycle  Greece  Richard  Koo  Germany  Wolfgang  Schäuble  GroKo  Fiscal  Pact  Schuldenbremse  balance  sheet  recession  neoliberalism  neoliberal  sovereign  crisis  Europe  George  Osborne  UK  IMF  Weimarer  Republik  Troika  Umschuldung  jubilee  restructuring  PIGS  PIIGS  PIIGSFB  European  Union  Eurogroup  technocrat  John  Maynard  Keynes  carmenreinhart  KennethRogoff  Thomas  Piketty  Yanis  Varoufakis  Joseph  Stiglitz  Paul  Krugman  Weimar  Republic  European 
august 2015 by asterisk2a
Darwinism At Your Doorstep: Why You Only Care About Amazon Now | TechCrunch
“You either fit here or you don’t,” and that in Seattle the company has a widespread reputation for its toughness. For now, you have a choice whether to work for Amazon. For now, you have options. Amazon is the vanguard of a very scary movement in the tech sector but we’re not all there yet (though some techbros on Twitter seem happy at the thought of Amazon culture catching on). [...] Why do we care suddenly about working conditions when it turns out that white-collar employees are the ones getting shafted? The workers at Amazon fulfillment centers have much less choice and much less power than the marketers and engineers in the Times piece. [...] We’re acting shocked and horrified that Amazon applies what it calls “purposeful Darwinism” to people with MBAs and PhDs, // [ trend, conditions known in service sector job and manual labour sector swapping over into the cushy world of blue-/white-collar worker ] Capitalism regresses toward feudalism.
Amazon  Silicon  Valley  corporate  culture  corporate  values  HR  human  resources  squeezed  middle  class  Sozialer  Abstieg  White-collar  Worker  Blue-collar  Worker  working  poor  precarious  work  class  warfare  USA  UK  competitive  competitiveness  competition  neoliberalism  neoliberal  perks  benefits  Europe  globalization  globalisation  borderless  Software  Is  Eating  The  World  automation  Robotics  flat  self-employment  freelance  freelancing  Zero  Hour  Contract  Contractor  Service  Sector  Jobs  manual  labour  job  market  labour  economics  labour  market  western  secular  stagnation  economic  history  differentiate  differentiation  Seth  Godin  career  ladder  career  advice  being  remarkable  Purple  Cow  Future  of  Mobile  Creatives  Mobile  Creative  destruction  capitalism  crony  capitalism  Wall  Street  profit  maximisation  shareholder  value  Jeff  Bezos  monopsony  monopoly  deflationary  deflation  wage  stagnation  trickle-down  economics  Thomas  Piketty  book  Universal  Basic  Income  tax  code  Super  Rich  1%  inequality  inequality  Gini  coefficient  tax  capital  gains  tax  capital  gains  technological  progress  skill-biased  technological  change  technological  history  augmented  intelligence  living  standard  standard  of  living  cost  of  living  living  wage 
august 2015 by asterisk2a
Joseph Stiglitz: It’s Time to Get Radical on Inequality - YouTube
Nobel laureate Stiglitz, author of The Price of Inequality and The Great Divide, studies the forces driving inequality and what is at stake if it continues. In his view, bad economic thinking deserves part of the blame — fanciful ideas like trickle-down and the notion that economists should try to increase the size of the economic pie and let the politicians worry about distribution. On the contrary, Stiglitz sees distribution as a problem economists must confront. He warns that an economic system that doesn’t raise standards of living for most Americans is a failure. [...] monopoly rent = too big to fail/tbtf (bailout) == cost to society/economic damage == where was antitrust!? monopolies are less productive & costly eventually in the long-term. rent exploitation through lobby! [...] this is bad for everyone, rising inequality, lower inequality is an econ multiplier // &! The Great Divide with Joseph Stiglitz and Robert Reich - youtu.be/e3aJxy9tA-w &! youtu.be/U-oEjFKCp00 NEET
inequality  income  inequality  gender  inequality  Gini  coefficient  social  mobility  downward  mobility  income  mobility  working  tax  credit  child  tax  credit  tax  code  capital  gains  fairness  income  distribution  capital  gains  tax  earned  income  tax  tax  avoidance  tax  evasion  corporate  tax  rate  tax  free  income  tax  credit  welfare  state  Public  Services  Services  austerity  trickle-down  economics  economic  model  economic  history  book  Privileged  progressive  kalte  Progression  coldprogression  wealth  distribution  academia  academics  neoliberal  neoliberalism  liberal  economic  reform  precarious  work  working  poor  poverty  trap  child  poverty  well  being  education  policy  vocational  education  skills  gap  paternity  leave  maternity  leave  gender-based  discrimination  gender  equality  Women  in  Tech  STEM  added  value  value  creation  shared  economic  interest  economic  damage  microeconomic  policy  economic  growth  disposable  income  discretionary  spending  Thomas  Piketty  Joseph  Stiglitz  josephstiglitz  Gesellschaft  social  tension  social  cohesion  society  uncertainty  insecurity  Career  Politicians  savings  rate  job  creation  labour  market  labour  economics  Lohnzurückhaltung  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  minimum  wage  living  wage  Contractor  Zero  Hour  Contract  Leiharbeit  Zeitarbeit  exploitation  Wall  Street  profit  maximisation  shareholder  value  crony  interest  interest  capitalis 
july 2015 by asterisk2a
Germany won’t spare Greek pain – it has an interest in breaking us | Yanis Varoufakis | Comment is free | The Guardian
Debt restructuring has always been our aim in negotiations – but for some eurozone leaders Grexit is the goal [...] To frame the cynical transfer of irretrievable private losses on to the shoulders of taxpayers as an exercise in “tough love”, record austerity was imposed on Greece, whose national income, in turn – from which new and old debts had to be repaid – diminished by more than a quarter. It takes the mathematical expertise of a smart eight-year-old to know that this process could not end well. [...] In my first week as minister for finance I was visited by Jeroen Dijsselbloem, president of the Eurogroup (the eurozone finance ministers), who put a stark choice to me: accept the bailout’s “logic” and drop any demands for debt restructuring or your loan agreement will “crash” – the unsaid repercussion being that Greece’s banks would be boarded up. [...] Wolfgang Schäuble, decided that Grexit’s costs were a worthwhile “investment” as a way of disciplining France et al,
Yanis  Varoufakis  debt  restructuring  debt  jubilee  Super  Cycle  sustainable  sustainability  Great  Depression  Greece  Grexit  lost  decade  lost  generation  PIGS  Troika  Germany  France  IMF  Angela  Merkel  ChristineLagarde  European  History  Wolfgang  Schäuble  Thomas  Piketty  ECB  MarioDraghi  Leadership  European  Union  Insolvenzverschleppung  insolvent  insolvency  austerity  economic  policy  folly  policy  error  Career  Politicians  No  Representation  dogma  ideology  propaganda  Lügenpresse  bailout  zombie  banks  populism  manufactured  consent  media  conglomerate  corporate  state  Jeroen  Dijsselbloem  Jean-Claude  Juncker  Eurogroup  EFSF  ELA  EuropeanSystemicRiskBoard  systemicrisk  toobigtofail  TBTF  too  big  to  jail  referendum  PIIGSFB  PIIGS  FrancoisHollande  academia  academic  academics  carmenreinhart  kennethlewis  Alexis  Tsipras  Syriza  Wall  Street  crony  capitalism  Podemos  Indignants  Indignados  occupywallstreet  fairness  GFC  recovery  economic  model  trickle-down  economics  economic-thought  shared  economic  interest  profit  maximisation  shareholder  value  economists  economic  damage  short-term  thinking  short-term  view 
july 2015 by asterisk2a
Greece’s fight is for democracy in Europe. That’s why we must support it | Owen Jones | Comment is free | The Guardian
The EU powers told Greeks their world would cave in unless they acquiesced by voting yes. The no vote has raised the political stakes even higher (by Owen Jones, author) The referendum was, of course, a rejection of an austerity programme that has unleashed what is commonly described in Greece as a humanitarian crisis. Since Lehman Brothers crashed in 2008, austerity has always relied on the displacement of blame from elites to elsewhere. It was Goldman Sachs who helped the then Greek government to cook the countrys books to win entry into the euro. It was German & French banks who profitably and recklessly lent to Greece, just as US banks disastrously showered subprime mortgages on low-paid Americans. It was Germany who benefited from being able to export its consumer goods to peripheral European countries such as Greece. [transfer of debt/risk, plunging people & welfare state downward spiral with little growth to pay off new debt = unsustainable by Wall Street] &! bit.ly/1G3v9ns
democracy  referendum  Grexit  Greece  Europe  technocrat  austerity  economic  history  GFC  Career  Politicians  IMF  World  Bank  ECB  Troika  crony  capitalism  bailout  zombie  banks  too  big  to  jail  TBTF  toobigtofail  banking  crisis  sovereign  debt  crisis  Wall  Street  capitalism  neoliberal  neoliberalism  liberal  economic  reform  Yanis  Varoufakis  Owen  Jones  Thomas  Piketty  debt  jubilee  haircut  Leadership  No  Representation  Super  Cycle  debtoverhang  debt  restructuring  dogma  ideology  propaganda  Lügenpresse  manufactured  consent  history  European  solidarity  Germany  Angela  Merkel  corporate  state  Wolfgang  Schäuble  Jean-Claude  Juncker  ChristineLagarde  MarioDraghi  academia  academics 
july 2015 by asterisk2a
John Ralston Saul: The Collapse of Globalism - YouTube
the source of legitimacy is economics and only one source/type of economic thinking // TTIP & Co erase governments! // globalisation hailed promises, empty promises. // the more they say its inevitable, the more you know its the way out. // bailout for one side of society, and austerity for the others // no shared economic interest !!! rootless tax evaders global corporations are not stakeholders in country X // where does the power go? decision and policy making? to those with money and influence and network! - thus not the citizens // "we are in a post-globalist world" really? why is there then TTIP? Austerity is currently taking over the vacuum! // neoliberalism pouted and propagandated by fear induced monologues by Career Politicians (GFC) // money has no moral limits nor conscience !!! // great moderation and unfettered globalisation & financial realm (masters of the universe) - Alan Greenspan & Ben Bernanke >> extremes (ideology) break down (GFC) // austerity doesn't work!
globalisation  globalization  economic  history  GFC  recovery  austerity  liberal  economic  reform  book  democracy  human  capital  deregulation  lobbyist  lobby  Lobbying  No  Representation  Career  Politicians  economic  model  trickle-down  economics  borderless  TTIP  flat  world  income  growth  western  world  Gini  coefficient  Consumer  Protection  CETA  NAFTA  USA  social  cohesion  social  contract  social  tension  crony  capitalism  Wall  Street  profit  maximisation  shareholder  value  Davos  1%  Super  Rich  Thomas  Piketty  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  bailout  too  big  to  jail  toobigtofail  TBTF  PIGS  IMF  Bank  education  policy  vocational  education  underinvestment  productive  investment  Industrial  Revolution  2.0  Future  of  Work  tax  evasion  tax  avoidance  tax  code  stakeholder  Margaret  Thatcher  Angela  Merkel  David  Cameron  George  Osborne  neoliberal  neoliberalism  academia  academic  alangreenspan  Ben  Bernanke  benbernanke  Great  Moderation  zombie  banks  ideology  individuality  sociology  society  psychology  gesellschaft  western  society  capital  gains  self-regulation  regulation  regulators  Bank  Oversight  revolving  door 
may 2015 by asterisk2a
Spotlight on Piketty - YouTube
shared economic interest = "common utility" - >> http://en.wikipedia.org/wiki/Declaration_of_the_Rights_of_Man_and_of_the_Citizen // tax code and tax evasion - "For the maintenance of the public force and for the expenditures of administration, a common contribution is indispensable; it must be equally distributed between all the citizens, according to their ability to pay." // http://www.brookings.edu/research/articles/2013/04/26-common-good-us-constitution-galston // min 43 - underinvestment - elite are hypocrites. if American Dream were still alive, they would send their kids to community college to experience real life, realities of life, and experience the American Dream for themselves, and not be sponsored by their parents. // social contract that everyone pays their fair share of tax - global multi-corporates don't see themselves as stakeholder (Wall Street), they just move to cayman islands - tax competition and subsidies just got going! //
Thomas  Piketty  income  growth  1%  Super  Rich  income  inequality  capital  gains  tax  code  taxation  tax  evasion  tax  avoidance  inequality  poverty  squeezed  middle  class  middle  class  democracy  shared  economic  interest  common  good  underinvestment  education  policy  productive  investment  long-term  view  long-term  thinking  social  mobility  income  mobility  American  Dream  Gini  coefficient  USA  UK  Western  World  social  cohesion  social  contract  globalisation  globalization  borderless  flat  budget  deficit  Career  Politicians  No  Representation  fiscal  policy 
may 2015 by asterisk2a
Owen Jones talks to Mehdi Hasan about The Establishment - YouTube
"shared economic interest" // bailout for the rich and too big to fail and jail - vs - austerity for the poor // TTIP // Europe // westminster (Establishment, Privileged, No Representation) over holyrood (SNP) << UK general election 2015 // all power has to be democratised >> mainstreet.org // Lucky ones pull the meritocracy card to justify their luck, standing and demands //
Career  Politicians  1%  Super  Rich  Establishment  Privileged  No  Representation  lobbyist  lobby  Lobbying  democracy  revolving  door  tax  evasion  tax  avoidance  loopholes  book  social  cohesion  social  tension  legitimacy  oligarchy  plutocracy  education  policy  social  mobility  income  mobility  Gini  coefficient  Workers  Union  welfare  state  Public  Services  Services  mainstreet.org  social  safety  net  welfare  income  growth  capital  gains  Thomas  Piketty  Wall  Street  tax  code  child  care  gender  equality  tax  free  income  interest  accountability  diversity  transparency  Toff 
may 2015 by asterisk2a
What the 1% Don't Want You to Know - YouTube
Economist Paul Krugman explains how the United States is becoming an oligarchy - the very system our founders revolted against.
Super  Rich  1%  Thomas  Piketty 
may 2015 by asterisk2a
Macroeconomics Causes of Inequality - YouTube
"consumption drives much of the economy" // free up disposable income >> free child care, health care, limit exploitation of financial illiterate people (% interest on pay day loans, overdraft charges, dispo), public services, social services, pension contribution by state (preventing poverty at old age), tax credits for low income and children and carers, free education and vocational education/continual education - enabling to move up the ladder, // min11 - secular stagnation post GFC compared to previous recessions in terms of real household demand (balance sheet recession, debt overhang, deleveraging (debt repayment), and lack of new issuance of consumer credit I guess, too + rising income equality! lower redistribution from top to bottom (fair taxation) reduces recycling of income (freed up by policy items above) into demand. // min 18 - top 5% society (luxury, vanity, status) takes over bottom 80% society in aggregate terms of consumption. Economy driven by WHOM?! Affluent!
income  inequality  inequality  social  mobility  income  mobility  vocational  education  education  policy  Gini  coefficient  Makers  squeezed  middle  class  middle  class  working  poor  precarious  work  Precariat  savings  Proletariat  economic  model  trickle-down  economics  macroeconomic  policy  economic  growth  Super  Rich  1%  tax  free  income  Universal  Basic  tax  credit  tax  code  tax  avoidance  tax  evasion  consumption  consumerist  consumer  credit  creation  budget  deficit  exploitation  shareholder  value  Niedriglohn  Niedriglohnsektor  Lohnzurückhaltung  lohndumping  Zeitarbeit  Leiharbeit  Zero  Hour  Contract  productivity  Werkvertrag  disposable  income  discretionary  spending  contractor  outsourcing  fairness  unrecht  bailout  Career  Politicians  gender  pay  gap  policy  folly  policy  error  Soziale  Marktwirtschaft  working  class  Blue-collar  Worker  White-collar  Worker  knowledge  GFC  debtoverhang  balance  sheet  recession  liquidity  trap  deleveraging  secular  stagnation  austerity  UK  USA  economic  history  recovery  fiscal  policy  fiscal  stimulus  Schuldenbremse  Pact  Western  World  Europe  deflationary  consumer  debt  consumer  confidence  dot.com  Privileged  Establishment  convenience  on-demand  innovation  Silicon  Valley  wealth  distribution  income  distribution  income  growth  income  gap  redistrib 
may 2015 by asterisk2a
The last word on Piketty | 11.11.2014 - YouTube
min 1:05:00 - biggest injection of equality into the system has been free education, free health care, pension provision and elderly car, child care, unemployment benefits, disability benefits, low income tax credits, minimum wage, workers protection and representation (unionisation), affordability of a lawyer/solicitor, ... - which are being dismantled, where they were available, ... // what they don't talk about is - tax evasion - ppl able to play the system = unworthy increase in wealth and income // competitiveness breeds inequality (with rising labour supply/surplus + Industrial Revolution 2.0 [creating more revenue with less people needed, more people competing for smaller available pie]) - globalisation, flat world, borderless << Seth Godin 'being remarkable, differentiate, Start-up of You (reid hoffmann)' // opportunity >> social mobility, income mobility, gini coefficient // & being lucky and continue taking rent based on your luck // asymmetry of information (arbitrage) - SV
Thomas  Piketty  austerity  Public  Services  Social  Services  Western  World  welfare  state  policy  error  hartz-iv  ALG2  Aufstocker  minimum  wage  Workers  Union  Soziale  Marktwirtschaft  sovereign  debt  crisis  fiscal  policy  Europe  Schuldenbremse  tax  evasion  tax  avoidance  Makers  Career  Politicians  No  Representation  democracy  fairness  unrecht  Capitalism  crony  bailout  Wall  Street  shareholder  value  profit  maximisation  exploitation  Gini  coefficient  income  inequality  inequality  lobbyist  lobby  Lobbying  competition  mobility  income  mobility  borderless  flat  globalisation  globalization  competitive  competitiveness  advice  vocational  education  education  policy  continual  education  Liberal  Arts  1%  Super  Rich  CEO  compensation  package 
may 2015 by asterisk2a
The Real Looting of Baltimore... - YouTube
- same with mortgages linked to forex/different currency than your country of residence. // // abuse of existing instruments, not using it for intended purpose // and mis-selling of instruments and products - also see PPI ( Payment Protection Insurance ) mis-selling - http://www.bbc.co.uk/news/business-30695720 // and mis-selling forex linked loans (ie to Swiss Franc) to local governemnts and cities called Interest Rate Swap Mis-selling that got exorbinant expensive following the GFC actions (NIRP) by Central Banks (black swan) // all driven by managers meeting targets, getting and wanting bigger bonuses, wanting the bosses job, ... etc driven by cottage industry of analysts 'forecasting' that profit has to rise X% etc etc. // add also For Profit Schools! in the USA targeting Veterans & other rather financially illiterate :: youtu.be/P8pjd1QEA0c // biggest debt kind - mortgage and student loan debt // financial literacy also include gambling & lottery
Baltimore  Ferguson  mortgage  market  subprime  predatory  lending  practices  ninja  mortgage  UK  USA  Capitalism  crony  profit  maximisation  shareholder  value  foreign  currency  mortgage  bailout  corruption  abuse  of  power  CDS  MBS  lobbyist  lobby  Lobbying  revolving  door  Washington  GFC  toobigtofail  too  big  to  jail  TBTF  Gini  coefficient  financial  literacy  plutocracy  income  inequality  inequality  social  mobility  income  mobility  Western  World  Thomas  Piketty  economic  history  democracy  social  cohesion  libor  rigging  scandal  PPI  scandal  bonuses  bonus  Wall  Street  Payment  Protection  Insurance  mis-selling  Interest  Rate  Swap  banking  investment  banking  banking  crisis  American  Dream  Payday  Loans  debt  bubble  Super  Cycle  student  loan  debt  StudentLoans  lottery  gambling  downward  mobility 
may 2015 by asterisk2a
5 Things Everyone Needs to Know About Baltimore | Alternet
http://www.alternet.org/racism-real-real-reason-behind-baltimore-uprising // &! http://www.alternet.org/news-amp-politics/david-simon-my-country-horror-show "I don't think it's unique to America. [...] And that notion that capital is the metric, that profit is the metric by which we're going to measure the health of our society is one of the fundamental mistakes of the last 30 years. I would date it in my country to about 1980 exactly, and it has triumphed. [...] But the idea that it's [capitalism] not going to be married to a social compact, that how you distribute the benefits of capitalism isn't going to include everyone in the society to a reasonable extent, that's astonishing to me." nicht teil haben an der Gesellschaft. // &! alternet.org/economy/5-ways-its-become-crime-be-poor-america-punishable-further-impoverishment &! &! bit.ly/1EVuyKz &! bit.ly/1bFWwfU "Perspektivlosigkeit, Wut und Paranoia"
Freddie  Gray  Baltimore  USA  Ferguson  Jim  Crow  racism  racial  discrimination  racial  profiling  post-racial  America  Police  State  Police  Brutality  inequality  Gini  coefficient  social  mobility  income  mobility  downward  mobility  prejudice  No  Representation  Career  Politicians  fairness  Gerechtigkeit  unrecht  homeless  homelessness  Western  World  Germany  UK  gesellschaft  Sozialer  Abstieg  squeezed  middle  class  working  poor  precarious  work  Precariat  Proletariat  underemployed  structural  unemployment  unemployment  youth  unemployment  long-term  unemployment  American  Dream  presidency  barackobama  crony  capitalism  bailout  toobigtofail  TBTF  too  big  to  jail  Wall  Street  shareholder  value  profit  maximisation  Thomas  Piketty  Karl  Marx  Super  Rich  1%  tax  evasion  tax  avoidance  tax  code  abuse  of  power  corruption  bribery  lobbyist  lobby  Lobbying  revolving  door  social  cohesion  democracy  Workers  Union  economic  history  middle  class  poverty  in  old  age  child  poverty  food  poverty  poverty  trickle-down  economics  welfare  welfare  social  safety  net  Services  Public  Services  austerity  Future  of  education  policy  globalisation  globalization  secular  stagnation  flat  borderless  competitiveness  competitive  Mobile  Mobile  World 
may 2015 by asterisk2a
Super-rich have doubled their wealth since economic crisis | The Sunday Times
The total wealth of the richest 1,000 individuals and families in Britain has more than doubled in the last 10 years to £547bn, the survey reported. // work is disproportionally taxed compared to capital and capital gains.
Super  Rich  1%  UK  Gini  coefficient  income  inequality  social  mobility  income  mobility  austerity  capital  gains  recovery  GFC  squeezed  middle  class  tax  free  income  tax  avoidance  tax  evasion  tax  code  taxation  Policy  Makers  David  Cameron  Toff  Privileged  Establishment  education  lost  decade  lost  generation  social  cohesion  No  Representation  trust  distrust  trustagent  Career  Politicians  Western  World  economic  history  Thomas  Piketty  Joseph  Stiglitz  Robert  Reich  living  wage  Software  Is  Eating  The  World  deflationary  deflation  secular  stagnation  flat  borderless  globalisation  globalization  Future  of  Work  Mobile  Creatives  Mobile  Creative  marketplace  efficiencies  marketplace  Industrial  Revolution  2.0  Industrial  Revolution  folly  error  sovereign  debt  crisis  bond  bubble  equity  bubble  unintended  consequences  complexity  IMF  OECD  ZIRP  NIRP  QE 
april 2015 by asterisk2a
The worst economic system - except for all the rest? - BBC News
A history of capitalism - and Marx - in 233 seconds - http://www.bbc.co.uk/news/magazine-31817997 // part 3 http://www.bbc.co.uk/news/magazine-31818000 - Milton v Keynes: 20th Century capitalism and the role of the state (greed vs common good) // part 4 - http://www.bbc.co.uk/news/magazine-31818387 - The modern face of capitalism - with 18th Century principles?
Thomas  Piketty  Karl  Marx  economic  history  crony  capitalism  capitalism  profit  maximisation  book  Gini  coefficient  inequality  Wall  Street  shareholder  value  income  mobility  social  mobility  downward  mobility  social  safety  net  tax  avoidance  tax  evasion  corporate  governance  ethical  machine  moral  beliefs  ethical  beliefs  fairness  GFC  austerity  Career  Politicians  No  Representation  greed  common  good  income  inequality 
march 2015 by asterisk2a
Alan Greenspan on what's wrong with the world economy - Newsnight - YouTube
secular  stagnation  alangreenspan  Alan  Greenspan  recovery  GFC  2014  ZIRP  liquidity  trap  Structural  Impediments  imbalance  faultlines  NIRP  QE  monetary  policy  fiscal  policy  austerity  economic  history  Debt  Super  Cycle  sovereign  crisis  infrastructure  investment  business  investment  Europe  PIGS  monetary  transmission  mechanism  business  confidence  confidence  trust  trustagent  Germany  policy  folly  policy  error  IMF  Makers  Pact  fiscal  stimulus  Career  Politicians  short-term  thinking  short-term  view  Angela  Merkel  Wolfgang  Schäuble  equity  bubble  Thomas  Piketty  book  Jens  Weidmann 
october 2014 by asterisk2a
Empire - The Promise and Peril of Democracy - Web Extra - Empire asks why democracy is in retreat - YouTube
symptoms now more evident than ever!
transparency  Democratic  Process  democracy  accountability  Career  Politicians  short-term  thinking  short-term  view  political  science  populism  propaganda  dogma  demagogy  demagogue  Europe  Nationalism  protectionism  capitalism  crony  capitalism  bribery  corruption  Lobbying  lobbyist  lobby  GFC  corporatism  Wall  Street  No  Representation  revolving  door  Policy  Makers  error  folly  Philosophy  Super  Rich  1%  tax  evasion  tax  avoidance  fairness  Gerechtigkeit  oversight  excess  European  History  Great  Depression  exploitation  squeezed  middle  class  working  poor  Future  of  Work  Mobile  Creative  Mobile  Creatives  flat  world  globalization  globalisation  deregulation  Gini  coefficient  inequality  income  inequality  social  mobility  income  mobility  tax  code  capital  gains  economic  Thomas  Piketty  social  cohesion  Protest  Partei  Protest  Party  European  Election  2014  austerity  toobigtofail  TBTF  too  big  to  jail  bailout  IMF  OECD  shareholder  value  profit  maximisation  Industrial  Revolution  2.0  uncertainty  self-employment  Zero  Hour  Contract  contractor  precarious  Precariat  working  class  Blue-collar  Worker  White-collar  Worker  Niedriglohnsektor  Niedriglohn  living  wage  wage  mi 
october 2014 by asterisk2a
Live chart: The low countries - YouTube
Timothy Geithner says no risk of U.S. losing it's AAA credit rating - http://youtu.be/0HDCvqgxrrE || Geithner: Japan's 'Lost Decade' Not America's Fate - http://youtu.be/fax8BIPKcP8 "the hope it's gonna heal itself, to hope you can grow yourself out of it" growing your way out of it" || +!!! Timothy Geithner Fired Robert Shiller? http://youtu.be/bIwBEYoSqKY >> economics has no humans in it !!! no real world example. Conventional wisdom so strong. "We've got too scientific." And anybody who is 'flaky' gets pushed out [Robert Schiller]. >>Wenn du dich auf andere verlaesst, bist du verlassen.<< || Robert Shiller: Speculative Asset Prices - http://youtu.be/oBXPOWytDMs "present value". google.co.uk/search?q=present+value+Robert+Schiller || + Robert Shiller: Nobel Prize Winning Economist - http://youtu.be/ABvtKGrIDUs "it can't be an exact science (forecasting) because of the complexity, mass data; uncertain, certain, and data that can't be put in numbers, storystelling -> feedback loops ...
bond  bubble  Japan  USA  UK  Europe  Germany  hunt  for  yield  lost  decade  lost  generation  deflation  deflationary  liquidity  trap  financial  repression  economic  history  Tim  Geithner  Timothy  Geithner  austerity  balance  sheet  recession  Richardkoo  Richard  Koo  creditrating  creditrisk  debt  monetization  debt  monetisation  QE  ZIRP  NIRP  monetary  transmission  mechanism  monetary  policy  monetary  stimulus  unconventional  monetary  policy  monetary  theory  Super  Cycle  debt  jubilee  GFC  deleveraging  debtoverhang  Career  Politicians  Makers  policy  folly  policy  error  toobigtofail  TBTF  systemrelevanz  Lobbying  lobbyist  lobby  fiscal  stimulus  fiscal  sovereignty  PIGS  sovereign  debt  crisis  Thomas  Piketty  Mobile  Creative  Mobile  Creatives  flat  world  globalisation  globalization  savings  glut  faultlines  Structural  Impediments  unemployment  deficit  imbalance  GDP  economic  model  Robert  Skidelsky  Robert  Reich  Paul  Krugman  consumer  debt  public  debt  debt  restructuring  household  debt  zombie  banks  creditcrunch  creditcrisis  ECB  BOE  BOJ  Abenomics  Fed  BuBa  leadership  Democratic  Process  democracy  trust  trustagent  confidence  greatrecession  greatdepression  history  evolution  Why  Software  Is  Eating  the  Software  Is  Eating  skill-biased  techn 
june 2014 by asterisk2a
Der Crash ist die Lösung | SWR1 Leute - YouTube
banks still TBTF, Systemrelevant. << enabled by Own Lobby influencing Career Politicians. haftungsgarantien von ECB are no more capitalism. +++ &&& +++ If even Germany - Wirtchaftslokomotive - export meister - does still have a budget deficit, while being that country that produces more than it consumes, who else if not Germany? But still doesn't. +++ "Die Zeit der Rendite ist vorbei." +++ Schulden zu haben, man ist nicht frei. Frueher hat man das sich gekauft was man sich leisten konnte, ohne kreditkarte, ohne dispo, ohne bankkredit. +++ NEW crash will come of even bigger proportion and even more rubble to clear up afterwards than 2008/9 - GFC. +++ Always buy in tranches, dispersed over time. +++ fractional reserve banking leads to this UBER crash as we live on a planet with finite resources. Current GDP fetish needs to stop. Change of mind, thinking, course. << this is the same with Mobile Creative, future workforce, Software eats the world, UK's productivity gap.
book  GFC  Debt  Super  Cycle  jubilee  sovereign  crisis  liquidity  trap  investigative  journalism  journalismus  monetization  private  consumer  bubble  monetisation  public  household  balance  sheet  recession  PIGS  Europe  lostdecade  lost  decade  lost  generation  greatrecession  greatdepression  toobigtofail  TBTF  OTC  derivatives  systemrelevant  Systemrelevanz  toobigtojail  Career  Politicians  accountability  transparency  Politics  Democratic  Process  democracy  short-term  thinking  long-term  thinking  financial  industry  LIBOR  rigging  scandal  trust  trustagent  confidence  corporatism  crony  capitalism  Lobbying  lobbyist  lobby  revolving  door  IMF  IWF  centralbanks  economic  history  capitalism  Thomas  Piketty  ECB  EZB  OMT  faultlines  budget  deficit  structural  deficit  Impediments  structural  imbalance  history  financial  repression  New  Normal  ZIRP  NIRP  QE  Beton  Gold  property  bubble  fragile  world  fagile  financial  system  external  shock  balckswan  monetary  stimulus  hunt  for  yield  speculative  bubbles  growth  round  equity  bubble  credit  bubble  asset  bubble  bond  bubble  Island  Agentina  Japan  UK  fractional  reserve  banking  GDP  economic  model  fiat  currency  fiat  money  USA  academia  acade 
june 2014 by asterisk2a
Zinsentscheid der EZB: Draghi plant Minus vor Zinssatz - SPIEGEL ONLINE
Schon immer ließ sich das Ende eines Systems besonders schwer erkennen, wenn man Teil des Systems ist. Im Jahre sieben nach Ausbruch der Finanzkrise ist es langsam Zeit für die Frage: Was, wenn die vermeintliche Ausnahme in Wahrheit die Regel ist? Wenn es sich bei der Kombination aus niedrigen Zinsen, niedrigem Wachstum und niedriger Inflation, die weite Teile Europa seit 2008 ebenso im Griff hält wie die USA und Japan, um die neue Normalität handelt? Wenn das seit Jahrzehnten praktizierte westliche Wirtschaftsmodell, sich immer niedrigere Wachstumsraten mit immer höheren Staatsschulden zu erkaufen, an seinem Schlusspunkt angelangt ist? +++ http://bit.ly/SxhnZq "Nicht Europa ist am Ende - sondern der Kapitalismus, so wie wir ihn kennen. [...] Im angelsächsischen Finanzkapitalismus wachsen die Vermögen der Reichen und stagnieren die Einkommen der anderen." [...] [EU Election Result is a vote] gegen das ungerechte Wirtschaftssystem, das ihre Lebensgrundlage gefährdet.
capitalism  in  crisis  Europe  Japan  USA  deflation  deflationary  UK  Debt  Super  Cycle  sovereign  crisis  ECB  Fed  BOE  BOJ  GFC  greatdepression  greatrecession  recovery  2014  monetary  transmission  mechanism  liquidity  trap  NPL  non-performing  loan  economic  history  macroeconomic  policy  macroeconomics  fiscal  policy  monetary  policy  unconventional  monetary  policy  monetary  system  monetary  stimulus  financial  repression  New  Normal  lostdecade  lost  decade  lost  generation  crony  capitalism  corporatism  corporate  governance  Career  Politicians  policy  folly  policy  error  Makers  history  fiat  currency  fiat  money  trust  trustagent  confidence  hunt  for  yield  Politics  Thomas  Piketty  book  Robert  Reich  Robert  Skidelsky  josephstiglitz  Joseph  Stiglitz  financial  capitalism  asset  bubble  unknown  unknowns  unintended  consequences  complexity  1%  Super  Rich  income  inequality  income  mobility  social  mobility  working  poor  squeezed  middle  class  coldprogression  kalte  Progression  Gini  coefficient  Democratic  Process  democracy  European  Council  Election  2014  European  Election  2014  skill-biased  technological  change  Blue-collar  Worker  knowledge  White-collar  Worker  Mobile  Creative  Mobile  Creatives  disposable  income  tax  free  income  tax  code  tax  credit  taxation  tax  avoidance  tax  evasion  ethics  social  social  m 
june 2014 by asterisk2a
Thomas Piketty’s numbers aren’t wrong: The Financial Times’ big whiff misstates his central argument - Salon.com
Thomas Piketty’s numbers aren’t wrong: The Financial Times’ big whiff misstates his central argument Paul Krugman and others shoot down an overblown "Capital" critique which misrepresents his data, findings and point || ++ Here, we review the claims and counterclaims and conclusions one can draw about L’Affaire Piketty. >> http://www.nytimes.com/2014/05/31/upshot/everything-you-need-to-know-about-thomas-piketty-vs-the-financial-times.html || + http://www.theguardian.com/business/video/2014/may/02/thomas-piketty-capital-rock-star-economist-video || +++ Thomas Piketty accuses Financial Times of dishonest criticism Author of bestselling economics book says paper is ridiculous to suggest his thesis on rising inequality is incorrect >> http://www.theguardian.com/business/2014/may/26/thomas-piketty-financial-times-dishonest-criticism-economics-book-inequality
Thomas  Piketty  Paul  Krugman  FT  The  Financial  Times  income  inequality  inequality  social  mobility  income  mobility  Super  Rich  1%  occupywallstreet  disposable  income  income  growth  income  redistribution  income  distribution  tax  free  income  working  poor  squeezed  middle  class  tax  code  tax  credit  tax  evasion  tax  avoidance  book  economic  history 
june 2014 by asterisk2a
Income Inequality: The Fundamental Reason It Is Growing | Seeking Alpha
Summary Income inequality is growing in the US and other countries. Many explanations are being offered, including what Piketty suggested in his new book. But most miss the main reason - new information technologies are eliminating large segments of middle class jobs.
Thomas  Piketty  income  inequality  inequality  Gini  coefficient  knowledge  worker  Mobile  Creative  Mobile  Creatives  income  mobility  social  mobility  disposable  income  digital  divide  competitiveness  competitive  competitive  advantage  comparative  advantage  comparative-advantage  globalisation  globalization  skill-biased  technological  change  capital  skills  skill  skills  digital  natives  digital  economy  Software  Eats  The  World  Why  Software  Is  Eating  World  Higher  Education  formal  bubble  business  Future  economic  history  working  poor  squeezed  middle  class  tax  credit  tax  free  income  Grundeinkommen 
may 2014 by asterisk2a
Thomas Piketty's 'Capital' in 3 minutes - Newsnight - YouTube
who owns the economies assets, the ~1% individuals and international conglomerate corporations, - when return on these assets /y is greater than economic growth - inequality rises. it is all that happend even during the recovery after the GFC - 1% got richer, conglomerates and corporations got richer/sat on their cashpiles. while ie in USA Food Stamp handouts rose month over month _+++ http://www.democracyjournal.org/32/the-inequality-puzzle.php?page=all ""Piketty’s treatment of inequality is perfectly matched to its moment. [...] the share of income and wealth going to those at the very top—the top 1 percent, .1 percent, and .01 percent of the population—has risen sharply over the last generation, marking a return to a pattern that prevailed before World War I. There can now be no doubt that the phenomenon of inequality is not dominantly about the inadequacy of the skills of lagging workers."" --- +++ http://en.wikipedia.org/wiki/Gilded_Age
Thomas  Piketty  1%  Super  Rich  economic  history  microeconomics  macroeconomics  social  mobility  income  mobility  gilded  age  book  disposable  income  income  inequality  income  growth  income  redistribution  income  distribution  Gini  coefficient  middle  class  working  class  working  poor  squeezed  middle  class  tax  code  tax  credit  tax  evasion  tax  avoidance  history  capital  Venture  Mobile  Creative  Mobile  Creatives  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  fiscal  policy  monetary  policy  Makers  Career  Politicians  Politics  academia  academic  academics 
may 2014 by asterisk2a
Paxman interviews economist Thomas Piketty - Newsnight - YouTube
IT IS ALL A MATTER OF DEGREE. thus you have to marry liberalism & conservatism, throw the junk out. u get liberal-conservatism. The rise of the working poor & squeezed middle class had not been good 4 economic growth & vitality. || +Thomas Piketty on Wealth, Income and Inequality >> watch?v=zytqTSh3oGw || + http://www.huffingtonpost.com/2014/05/01/thomas-piketty-cold-war_n_5247373.html || + http://www.npr.org/2014/05/11/310784652/on-income-inequality-a-french-economist-vs-an-american-capitalist << Edward Conard WRONG! || +++ What the 1% Don't Want You to Know with Paul Krugman - watch?v=QzQYA9Qjsi0 "All men are created equal" NO MORE. 'commanding heights' >> https://www.youtube.com/results?search_query=commanding+heights+documentary + market income inequality vs disposable income inequality http://bit.ly/1ollCVp ... "We live in such an ugliness in America." || Wealth Concentration is a agglomeration of Politica & Public Policy Power. || + Robert Reich >> v=q-rpkZe2OEo || v=heOVJM2JZxI
Thomas  Piketty  economic  history  inequality  income  inequality  income  mobility  social  mobility  Gini  coefficient  gender  inequality  gender  equality  equality  book  extremism  extrem  economics  ethics  moral  beliefs  trickle-down  economics  corporate  governance  governance  democracy  Politics  Career  Politicians  lobby  Lobbying  lobbyist  Political  System  accountability  transparency  income  redistribution  wealth-distribution  transferring-wealth  wealth  distribution  GDP  Super  Rich  property  rights  crony  capitalism  capitalism  working  poor  squeezed  middle  class  middle  class  josephstiglitz  Joseph  Stiglitz  paulkrugman  Paul  Krugman  Robert  Reich  disposable  income  wealth  redistribution  transfering  wealth  social  safety  net  Grundeinkommen  tax  credit  tax  free  income  Unconditional  Basic  UBE  progressive  kalte  Progression  coldprogression  history  trustagent  distrust  trust  confidence  Mobile  Creatives  Mobile  Creative  skill-biased  technological  change  skill  skills  capital  skills  knowledge  worker  White-collar  Blue-collar  taxevasion  taxavoidance  net  wealth  offshore  banking  extreme  concentration  of  wealth  happiness  happiness  index  G  Zero  G20  global  registery  of  financial  assets  corruption  job  creation  on  job  training  job  market  Patrimonialism  patrimonial  capitalism  eureka  wealth  working  inher 
may 2014 by asterisk2a
Thomas Piketty's proposals are not nearly radical enough | @guardianletters | World news | The Guardian
The logical solution would be for the EU to return to its beginnings as a free trade area. Piketty is an economic historian. He will remember the Hanseatic league, whose independent member cities managed to maintain a confederal free-trade area for four centuries. These days, that model is being developed in South America and Asia – it is an alternative future for the EU too.
Thomas  Piketty  free  trade  free  market  Europe 
may 2014 by asterisk2a
Thomas Piketty: on tour with the 'rock-star economist' -video | Business | theguardian.com
Thomas Piketty. funny thing, at this meeting in min 3. no handshake, no spreading germs. less sick days. ;) ... +++ Faisal Islam on The Default Line - video interview - http://www.theguardian.com/business/video/2013/aug/16/faisal-islam-default-line-video || + Michael Lewis: the stock market is rigged – video interview - http://www.theguardian.com/business/video/2014/apr/30/michael-lewis-the-stock-market-is-rigged-video-interview ||
Thomas  Piketty  Robert  Reich  Book  documentary  Gini  coefficient  post-recession  post-crisis  GVC  greatrecession  greatdepression  recovery  2014  income  inequality  income  mobility  coldprogression  kalte  Progression  social  mobility  low-income  income  growth  income  distribution  tax  free  income  disposable  income  crony  capitalism  greed  Super  Rich  corporate  governance  journalism  journalismus  speculative  bubbles  property  bubble  economic  history  long-term  thinking  accountability  governance  public  policy  policy  error  policy  folly  policy-makers  lostdecade  lostgeneration  long-term  unemployment  underemployed  structural  unemployment  youth  unemployment  unemployment  Europe  USA  UK  sovereign  debt  crisis  democracy  inequality  Faisal  Islam  generational  contract  Environmental  Movement  disaster  Millennials  generationy  babyboomers  HFT  WallStreet  toobigtofail 
may 2014 by asterisk2a
Why Americans Are Moving Less: New Jobs Aren't Worth It - Richard Florida - The Atlantic Cities
[symptom of the working poor and squeezed middle class and wage stagnation || http://youtu.be/_k9q8rBfRVY + http://youtu.be/akVL7QY0S8A + http://youtu.be/nIimu0LF4JA + http://youtu.be/BOMoC0_m5pQ // Americans are moving less—and not as far—because it's not nearly as worthwhile economically. Most moves are local, from neighborhood to neighborhood in the same city or county, and are largely driven by seeking better housing or more proximity to family and friends. But long-distance moves between states are different. These interstate moves are typically driven by those seeking better job opportunities. Since the 1980s, neither the job opportunities nor the potential for better wages have made such moves worth it, according to the study. It finds that by 2013 the rate of interstate relocations had fallen 51 percent below its 1948 to 1971 average levels, the peak years for such longer-distance moves.
working  poor  squeezed  middle  class  wage  stagnation  inequality  income  mobility  income  inequality  social  mobility  USA  fiscal  policy  public  policy  Gini  coefficient  middle  class  Robert  Reich  economic  history  Thomas  Piketty  economics  microeconomic  policy  microeconomics  macroeconomic  policy  macroeconomics  elizabethwarren  Elizabeth  Warren  babyboomers  generational  contract  Debt  Super  Cycle  sovereign  crisis  private  consumer  bubble  jubilee  zombie  consumer  Consumerism  productivity  minimum  wage  living  wage  secular  stagnation  stagnation  labour  market  labour  market  participation  Super  Rich  lobby  Lobbying  lobbyist  crony  capitalism  revolving-door  presidency  barackobama  Career  Politicians  accountability  transparency  democracy  corporate  governance  governance  job  market  job  creation  skill-biased  technological  change  skills  knowledge  worker  White-collar  Blue-collar  Higher  Education  bubble  formal  cost  Apprenticeships  on  job  training  Germany  UK  Europe 
april 2014 by asterisk2a

related tags

1%  2.0  3D  4-day  6-hour  10%  20%  21stcentury  Abenomics  Abstieg  Abstiegsangst  abundance  abuse  academia  academic  academics  accountability  Adam  adamsmith  added  advantage  advice  AfD  affordable  age  ageing  Agentina  aggregate  agreement  Alain  Alan  alangreenspan  Alexis  ALG2  all  allocation  alt-right  Altersarmut  Amazon  America  American  amnesty  and  Angela  Ann  antitrust  anxiety  Apache  apathy  Apprenticeships  Aristotle  Arts  asset  assets  Aufstocker  augmented  austerity  automation  automotive  autonomous  avoidance  babyboomers  badbank  bail  bailout  balance  balckswan  Baltimore  bank  Bankgeheimnis  banking  bankrun  bankruptcy  banks  barackobama  Basic  behavioral  being  beliefs  Ben  benbernanke  benefits  Bernanke  Bernie  Beton  Bezos  big  Bill  Blair  Blanchflower  Blue-collar  Blyth  BOE  BOJ  bond  bonus  bonuses  book  borderless  Botton  Brexit  bribery  BRIC  Brutality  BuBa  bubble  bubbles  budget  budget2015  burnout  business  Buy  Cameron  campaign  capital  capitalism  car  card  care  career  carmenreinhart  cars  CDS  centralbanks  Centrist  CEO  CETA  change  Chicago  child  China  ChristineLagarde  chronic  civil  class  class-warfare  closetphile  code  coefficient  cohesion  coldprogression  collaboration  Collaborative  College  Commanding  commoditization  commodity  common  commuting  comparative  comparative-advantage  compensation  competition  competitive  competitiveness  complexity  concentration  confidence  conglomerate  consent  consequences  Conservative  constituency  consume  consumer  consumerism  consumerist  consumption  content  continual  contract  contractor  convenience  cooperation  COP21  Corbyn  corporate  corporatism  corruption  cost  Council  courage  Cow  creation  creative  Creatives  credit  creditcrisis  creditcrunch  creditor  creditrating  creditrisk  crime  crisis  crony  Crow  crowdsourcing  culture  currency  currency-war  cycle  damage  Data  David  Davos  day  de  debasement  debt  debtoverhang  Decacorn  decade  deficit  deflation  deflationary  Delaware  deleveraging  demagogue  demagogy  demand  democracy  Democratic  demographic  Depression  deregulation  derivatives  destruction  Deutschland  devaluation  developed  Developing  differentiate  differentiation  digital  Dijsselbloem  disaster  discretionary  discrimination  disenfranchise  disenfranchised  disposable  disrupting  disruption  distortion  distribution  distrust  divergence  diversity  divide  doctor  documentary  dogma  Donald  DonaldTrump  door  dot.com  double  downward  Draghi  Dream  Duncan  DWP  earned  Eating  Eats  ECB  economic  economic-thought  economics  economists  economy  education  efficiencies  EFSF  ELA  election  Elizabeth  elizabethwarren  emerging  England  Environmental  equality  equity  error  Establishment  ethical  ethics  eureka  Eurobond  Eurogroup  Europe  European  EuropeanSystemicRiskBoard  evasion  evolution  excess  expectation  exploitation  external  extrem  extreme  extremism  EZB  Facebook  fagile  fairness  Faisal  far-right  faultlines  Fed  Ferguson  fiat  finance  financial  finite  fiscal  flat  floor  folly  food  for  foreign  formal  fractional  fragile  framing  France  FrancoisHollande  Frankreich  Freddie  free  freelance  freelancing  freemarkets  friedmann  Frontier  FT  Future  G  G20  gains  gambling  gap  Gates  GDP  GE2017  Geert  Geithner  gender  gender-based  general  generated  generation  generational  Generationengerechtigkeit  generationy  George  GeorgeOsborne  Gerechtigkeit  Germany  gesellschaft  GFC  gilded  gini  global  globalisation  globalization  glut  GNP  GNU/Linux  Godin  Gold  good  Google  GordonBrown  governance  government  Gray  Great  greatdepression  greatrecession  Greece  greed  Greenspan  Grexit  GroKo  groups  growth  Grundeinkommen  GVC  hacker  haircut  hand  happiness  harm  hartz-iv  haven  health  Heights  Help  henrypaulson  HFT  Higher  history  HMRC  homeless  homelessness  homescreen  hot-money  Hour  household  housing  HR  human  hunt  Iain  ideology  imbalance  imbalances  IMF  immigration  Impediments  in  incentive  income  index  Indignados  Indignants  individuality  industrial  industry  inequality  inflation  infrastructure  inheritance  inherited  injustice  innovation  insecurity  insolvency  insolvent  Insolvenzverschleppung  Insurance  intelligence  interest  investigative  investment  invisible  IPO  Ireland  Is  ISIS  Islam  islamic  Islamophobia  Island  IWF  jail  Japan  Jean-Claude  Jeff  Jeffrey  jeffreysachs  Jens  Jeremy  Jeroen  Jim  job  job-creation  Jobs  John  JohnMaynardKeynes  Jones  Joseph  josephstiglitz  journalism  journalismus  jubilee  Juncker  kalte  Kapital  Karl  kennethlewis  KennethRogoff  keynes  Keynesianism  knowledge  Koo  KPMG  Krugman  labour  ladder  Larry  laundering  leadership  leave  lefty  legitimacy  Leiharbeit  leisure  lending  Lessig  lesson  liberal  libor  life  liquidity  literacy  living  loan  Loans  lobby  Lobbying  lobbyist  lohndumping  Lohnzurückhaltung  London  long-term  loopholes  loopoles  lost  lostdecade  lostgeneration  lottery  low  low-income  LTRO  Luxembourg  Lügenpresse  M3  machine  macroeconomic  macroeconomics  mainsteet  mainstreet.org  Makers  Manifesto  manual  manufactured  Margaret  margin  marginal  MarineLePen  MarioDraghi  Mark  market  marketplace  markets  Marktwirtschaft  Marx  materialism  maternity  maximisation  maximization  Maynard  MBS  measurement  mechanism  media  mental  meritocracy  meritocratic  Merkel  microeconomic  microeconomics  middle  Millennials  miltonfriedman  Minijob  minimum  minimumwage  mis-selling  Mittelstand  mobile  mobility  model  Moderation  monetary  monetisation  monetization  money  monopoly  monopsony  moral  morality  morals  mortgage  Movement  multinational  NAFTA  nasty  Nationalism  natives  negative  neoliberal  neoliberalism  net  New  Niall  Niedriglohn  Niedriglohnsektor  ninja  NIRP  No  nominal  non-performing  Normal  NPD  NPL  occupywallstreet  OECD  of  offshore  old  oligarchy  oligopol  oligopoly  OMT  on  on-demand  Open  Osborne  OTC  output  outsourcing  oversight  Owen  ownership  package  Pact  Panama  PanamaPapers  Papers  part-time  Partei  participation  Party  paternity  patrimonial  Patrimonialism  Paul  paulkrugman  pay  Payday  Payment  people  perks  personal  Perspective  Perspektivlosigkeit  Pettifor  philanthropy  philosophy  PIGS  PIIGS  PIIGSFB  Piketty  plutocracy  Podemos  Polarisation  Police  policy  policy-makers  political  politician  Politicians  Politics  poor  population  populism  Positioning  post-capitalism  post-crisis  post-racial  post-recession  poverty  power  PPI  PR  practices  Precariat  precarious  predatory  prejudice  presidency  printing  private  Privatisation  Privileged  Process  productive  productivity  profiling  profit  progress  Progression  progressive  Proletariat  promises  propaganda  propensity  property  Protection  protectionism  Protest  psychology  public  Purple  Put  QE  R&D  racial  racism  radicalisation  radicalism  radicalization  rate  recession  Rechtsruck  recovery  redistribution  referendum  reflate  reflation  reform  reframing  registery  regulation  regulators  Reich  remarkable  rent  rent-seeking  rentier  repo  Representation  repression  Republic  Republik  reserve  reserves  resources  restructuring  Revolution  revolving  revolving-door  Rich  Richard  Richardkoo  rigging  right-wing  rights  Robert  robertshiller  Robotics  ROI  round  Sachs  safety  Salesforce  sanctions  Sanders  SAP  savings  scandal  scarcity  Scheme  School  Schuldenbremse  Schäuble  science  Sector  secular  security  seeking  Selbstdarstellung  Selbstfürsorge  self-driving  self-employment  self-esteem  self-regulation  Service  Services  servitude  Seth  shadow  Share  shared  shareholder  shark  sheet  Shiller  shock  short-term  short-termism  Silicon  Skidelsky  skill  skill-biased  skills  SMB  SME  Smith  SNP  social  society  sociology  Software  solidarity  Source  sovereign  sovereignty  Soziale  Sozialer  Sozialpolitik  speculative  spending  spin  squeezed  stagnation  stakeholder  standard  state  status  STEM  Stiglitz  stimulus  Street  stress  structural  student  StudentLoans  subprime  subsidies  subsidizing  Summers  Super  supply  Supremacy  sustainability  sustainable  Swap  Switzerland  symbol  Syriza  system  systemicrisk  systemrelevant  systemrelevanz  take  Taper  targeting  tax  taxation  taxavoidance  taxevasion  TBTF  Tech  technocrat  technological  tension  tensions  Thatcher  the  theory  thinking  Thomas  Tim  time  Times  timgeithner  Timothy  TISA  TLTRO  to  Toff  Tony  too  toobigtofail  toobigtojail  Tories  toxicassets  TPP  trade  trading  training  transfering  transferring-wealth  transferunion  transmission  transparency  trap  Treaty  trickle-down  Troika  Trump  trust  trustagent  Tsipras  TTIP  turnout  Twitter  UBE  UK  UKIP  Umschuldung  un-college  uncertainty  Unconditional  unconventional  underbanked  underemployed  underemployment  underinvestment  underwater  unemployment  Unicorn  unintended  Union  Universal  University  unknown  unknowns  unkown  unrecht  USA  user  utility  Valley  value  values  Varoufakis  velocity  Venture  Versailles  vested  view  vocational  Vote  voter  voterturnout  wage  Wall  WallStreet  war  warfare  Warren  Washington  wealth  wealth-distribution  week  Weidmann  Weimar  Weimarer  welfare  well  Werkvertrag  western  White  White-collar  WHO  Why  Wikipedia  Wilders  winner  Wolfgang  Women  Wonga  Wordpress  work  worker  workers  working  worklife  world  Yanis  yield  youth  Zeitarbeit  Zero  ZIRP  Zivilgesellschaft  zombie  Zuckerberg 

Copy this bookmark:



description:


tags: