asterisk2a + class   640

(1823) How a new aristocracy's segregation puts stress on society - YouTube
see book Dream Hoarders
the bottom 90% lost money. the 9% kept pace, the 1% escaped
inequality feeds on itself. the larger it gets the more hardened it gets.
also - like marries like! concentrates wealth further
gated communities - Dream Hoarders
america got a postcode lottery as well
Individual actions add up
natural progression from gated to gated and armed communities.
&! https://www.youtube.com/watch?v=DXJCcYZFA3c - Where you grow up matters in an unequal economy. Here’s how.
USA  inequality  class  book  1%  Professionals  Education  Millionaires  Dream  Hoarders  Erben  mobility  inherited  wealth  inheritance  aristocracy  American  social  status  postcode  lottery  America  Sociology  Bias  Gesellschaft  Psychology  prejudice  bigotry 
5 weeks ago by asterisk2a
(14096) Lewis Lapham: Can America Survive the Rule of a “Stupified Plutocracy”? - YouTube
“Money and Class in America,”
where does "American Dream" come from?
100 years ago the American Dream got corrupted, now again
Harvard grads have done the most damage do America.
how do you find mediation, balance power between rich and poor
democratic society put premium on society
capitalism not
constant tension between capitalism and a democratic society
constant dialectic
more money earned with rents and dividents than wages 1984 and the gap is widening further.
"do we live in a democracy?" No!
loss of faith in democratic idea
&!
Stupidfied Plutocracy
https://www.youtube.com/watch?v=2DXsPeBiIQY - When Meritocracy Breeds Greed
https://www.youtube.com/watch?v=kZU0IXO7AQw&t=88s - The End of American Exceptionalism
American  Dream  DonaldTrump  Donald  Trump  Capitalism  social  income  mobility  history  book  USA  post-racial  America  plutocracy  oligarchy  1%  Elite  No  Representation  New  Deal  economic  inequality  far-right  neofascism  fascism  alt-right  neonazi  Naziproblem  class  poverty  trap  Bush  IvyLeague  right-wing  democracy  Democratic  Mark  Blyth 
november 2018 by asterisk2a
Kenneth Olisa: ‘To improve social mobility, we need to raise children’s aspirations’ | Society | The Guardian
https://www.theguardian.com/commentisfree/2018/sep/18/rich-britons-inequality-poverty-social-wealth - As the rich get richer, why don’t British people care about inequality? - The solution is to invest in social wealth - The danger is that the paradox of wealth inequality becomes self-reinforcing: as wealth at the top increases, the likelihood of redistributive reform decreases. The reason is that high levels of wealth inequality bias the democratic process. Martin Gilens has documented definitively the “elite economic domination” of American politics. But similar concerns about the unequal influence of the new aristocracy have been raised in Britain.
social  income  mobility  inequality  class  UK  Austerity  1%  democracy  Brexit  AfD  PEGIDA  DonaldTrump  Donald  Trump  poverty  working  poor  downward  welfare  state 
october 2018 by asterisk2a
Music school grants for poor students going to ‘comfortable middle class’ | Education | The Guardian
The money should be supporting music in state schools, says Robert Verkaik, the author of Posh Boys, How the English Public Schools Ruin Britain. “Taxpayers have the right to know why so much is being given to well-off families to pay the fees for their children to attend high-profile private schools like these. Is it any wonder that the world of dance and music is over-represented by performers who come from wealthy backgrounds?” he says.
UK  education  class  Austerity  private  privatisation  Elite  1%  middle-class  book 
october 2018 by asterisk2a
Families 'can't afford to follow healthy diet guidance' - BBC News
The Food Foundation says the poorest fifth of homes with children would have to spend 42% of their disposable income (after housing costs) to meet guidance set out in the Eatwell Guide.
UK  poverty  child  public  health  prevention  obesity  overweight  food  Brexit  GFC  social  trap  income  mobility  downward  inequality  FoodBank  Austerity  meritocracy  meritocratic  class 
september 2018 by asterisk2a
Posh Boys: How the English Public Schools Ruin Britain – review | Books | The Guardian
Robert Verkaik comprehensively illustrates the stranglehold the public school system still has on Britain
UK  education  policy  Privatisation  class  Grammar  school  selective  stratification  1%  social  income  mobility  poverty  trap  childhood  book 
july 2018 by asterisk2a
Millions of families 'worse off' than 15 years ago - BBC News
[ decades of underinvestment across the plane of the economy, infrastructure education skills ] On the "why", research by the Foundation - which was set up to look at the problem of low incomes - reveals that the economy has struggled to create wealth for people in work.
JAM  working  poor  poverty  trap  productivity  output  gap  class  Brexit  skills  education  policy  social  income  mobility  Austerity  downward  UK  recovery  secular  stagnation  stagflation  economic  history  GFC  debt  household  disposable  globalisation  globalization  Competition  competitive  competitiveness  underinvestment  London  child  childhood  Council  public  health 
july 2018 by asterisk2a
How #MeToo revealed the central rift within feminism today | News | The Guardian
It’s not a generational divide, but rather a split between two competing visions of feminism – social and individualist. // from a theoretical point of view feminism is socialism and socialism embraces feminism. feminism is a leg a pillar for socialism .. vs capitalisn neo hyper individualismus - what came first - feminism (sufferagettes) or socialism (atley, et al) historically, feminism came first. but interestingly not in germany. what is german timeline of feminism sufferagete womens vote and workers rights (pension and health and free sundays)
#MeToo  Philosophy  Sociology  Class  Feminism  feminist  History  book  socialism  capitalism  status  anxiety  individualism  Identity  Politics 
may 2018 by asterisk2a
Steph McGovern is right: class prejudice is embedded in our society | Faiza Shaheen | Opinion | The Guardian
The BBC presenter’s claim that her regional accent affected her pay highlights the stereotypes faced by working-class people
UK  class  Brexit  No  Representation  social  income  mobility  inequality  England  Scotland 
february 2018 by asterisk2a
(5400) Aufstieg oder Abstieg? | Exakt | MDR - YouTube
https://youtu.be/Zwht_rM_zqU // Herkunfts bestimmt, weil Herkunft laesst sich nicht abschuetteln. "Habitus" in Soziologie genannt. ... Socialism - Ganztagsgesamtschulen ... // Granulare Gesellschaft Granularer Lebenslauf
Sociology  social  mobility  income  diversity  BAME  Gesellschaft  Zivilgesellschaft  education  policy  Kindergarten  poverty  trap  Psychology  working  poor  Precariat  structural  unemployment  long-term  child  mental  health  environment  meritocracy  meritocratic  Austerity  Council  influence  Socialism  PISA  OECD  inequality  gini  Coefficient  UK  Germany  Abstieg  segregation  Elite  1%  middle  class  Super  Rich  Plutocracy  Lobby  Soziologie  post  code  lottery  discrimination  equality 
january 2018 by asterisk2a
Pullman's plea to save school libraries - BBC News
Children's authors such as Philip Pullman and Malorie Blackman are calling for a halt to the "shocking decline" in England's school libraries.
They, along with 148 others, wrote to Education Secretary Justine Greening, asking her to signal her belief in the "value of literacy" for learning. [...] The letter highlights how England has lower rates of teenage literacy than other developed nations, according to international rankings.
UK  Austerity  libraries  library  education  policy  further  college  skills  gap  Gesellschaft  Society  Enlightenment  Precariat  class  numeracy  STEM  MINT  Maths  literacy  history 
november 2017 by asterisk2a
More than 24,000 Scots hospitalised because of drinking
50p minimum price per one unit of alcohol, to come into effect March 2018, after years of legal fight against the alc lobby vested interest. (Sugar Tax, ) - http://www.bbc.co.uk/news/uk-scotland-scotland-politics-42066394 - Minimum pricing has been broadly welcomed by health bodies and alcohol awareness groups, who say it will target the kind of drinking that leads to the greatest harm. //
People from the most deprived areas are nearly eight times more likely to need help, according to the NHS. There were 36,235 alcohol-related hospital admissions last year - the equivalent of more than 100 a day. They involved 24,060 individual patients - up from the 35,376 admissions involving 23,656 patients the previous year. Alcohol-related admissions had been falling for almost a decade but the latest figures show there were 685.2 hospital admissions per 100,000 people last year - an annual increase of almost 2%. //&! http://www.scotsman.com/news/politics/drink-related-hospital-stays-on-the-rise-1-4619230
NHS  Scotland  Alcohol  minimum  pricing  alcoholism  deprivation  addiction  coping  mechanism  maladaptive  Austerity  poverty  trap  Precariat  binge  drinking  Society  class  Gesellschaft  Sociology  working  poor  Council  childhood  care  Policy  public  health  prevention  sickcare  demand  chronic  sick  population  mental  psychology  psychiatry  depression  aus­sichts­los  hoffnungslos  hopelessness  hopeless  Aussichtslosigkeit  human  condition  humanity  homeless  homelessness  abuse  substance  Opioid  war  on  drugs  tobacco  food–industrial  complex  Sugar  processed  food  lobby  vested  interest  revolving  door  profit  maximisation  obesity  liver  overweight 
november 2017 by asterisk2a
Families thousands of pounds worse off after years of cuts, study finds | Society | The Guardian
universal credit intro is hidden cut to tax credits for the poorest to make ends meet. // so much for "burning injustice" of effective tax rate of 65% // “The losses are alarming, and will damage the life chances of hundreds of thousands of children growing up under austerity.” // single mothers and bame single mothers hit hardest by Austerity. // Overall, the study said, cuts to the existing benefit system since 2010 will push 700,000 children into poverty, after accounting for housing costs. The two-child limit for benefit payments alone will put 200,000 children in poverty once the system has been fully extended nationwide, the calculations suggested.
Universal  Credit  poverty  trap  child  taxcredit  DWP  Austerity  UK  Precariat  deprivation  ESA  disabled  Council  working  debt  Gesellschaft  Sociology  Society  nasty  party  Tories  Theresa  May  Conservative  Generationengerechtigkeit  GFC  bank  bailout  tax  evasion  avoidance  taxation  welfare  state  mental  health  wellbeing  well-being  Psychology  class  Brexit  childhood  parenthood  parenting  public 
november 2017 by asterisk2a
Who's Destroying The American Dream by RSA Events
Richard Reeves - PBS did a segment w him, middle class keeps its chips to itself. also if you want more upward mobility, you need also downward mobility. possible w better welfare state net - ie UBI universal basic income. the worse inequality gets the worse reference points get.
American  Dream  book  UBI  Grundeinkommen  Universal  Basic  income  segregation  social  mobility  meritocracy  meritocratic  Brexit  DonaldTrump  Donald  Trump  USA  post-racial  BAME  UK  Germany  AfD  btw17  welfare  state  Austerity  opportunity  education  policy  taxation  tax  evasion  avoidance  economic  history  credit  taxcredit  Precariat  working  poor  poverty  trap  mental  health  public  damage  middle  class  Politics  1%  Super  Rich  Oligarchy  inequality  downward  upward 
november 2017 by asterisk2a
I sold sex to fund my unpaid internships. Poor kids are still battling the class gap | Paris Lees | Opinion | The Guardian
Granularitaet von Lebenslaeufen. Ossi diskrimination (monitor) in den CEO etagen sind ossis und auch politik nicht angekommen auf bundesebene. privileg always having a leg-up from parents or grandparents. // I remember going on Radio 4 a few years ago, and thinking that all the people I met inside Broadcasting House sounded strange. I couldn’t put my finger on it at first. And then the penny dropped. They sounded like the people on television. The people on the radio. The people you see on the news. The way prime ministers sound. I remember sitting in the car on the way home and realising: “Oh, you’re the people who run everything.”
class  UK  Brexit  No  Representation  Klassenkampf  discrimination  Precariat  working  poor  poverty  trap  prejudice  bigotry  BAME  Society  Gesellschaft  Zusammenhalt  cohesion  privilege  Privileged  meritocracy  meritocratic  East  Germany  Ossi  Saxony  Reunification  social  income  mobility  inequality  career  ladder  equality  gender-based  pay  gap  Marx  Anarchism  Trump  democracy  tyranny  neoliberal  neoliberalism  Capitalism 
october 2017 by asterisk2a
UK's low pay culture traps people in poorly paid jobs, study finds | Society | The Guardian
http://www.bbc.co.uk/news/business-41669991 - high tech, low life. // in-work poverty, gini coefficient takes into account pensioners. // “Britain has one of the highest proportions of low-paid work in the developed world. And while three-quarters of low-paid workers did manage to move into higher-paying roles at some point over the past decade, the vast majority couldn’t sustain that progress. This lack of pay progress can have a huge scarring effect on people’s lifetime living standards. [...] “Britain’s flexible workforce gives us global economic advantage but a two-tier labour market is now exacting too high a social price.
OECD  poverty  trap  social  income  mobility  Precariat  class  UK  zero  hour  contracts  part-time  Exploitation  neoliberalism  workers  trade  union  rights  skills  skill  gap  Productivity  output  London  economic  history  recovery  GFC  underinvestment  stagflation  secular  stagnation  Austerity  education  inequality  tax  credit  taxcredit  gini  Coefficient  standard  of  living  Brexit  inflation  disposable  discretionary  spending  debt  household  child  profit  maximisation  competitiveness  IMF 
october 2017 by asterisk2a
Brooks and Klein on Tom Price’s plane scandal, Trump taking aim at the NFL - YouTube
Culture and Identity Politics again Tribalism, Patritotism, Nationalism, Militarism, // see how neoliberal capitalism has destroyed fabric of society w individualism consumerism identity - Alain De Botton and Adam Curtis. When you can't consumer, and do culture, and only have tv as (and fb newsfeed) as window to the world to see the world experience the world - you dont take part in society - Kulturteilhabe. dann willst du AfD Brexit Trump. them v us. // nfl is epitome of culture war identity politics and post-racial america - resistance!
Culture  Identity  Politics  DonaldTrump  Donald  Trump  Brexit  AfD  history  post-racial  America  Religion  Liberalism  Liberal  LGBT  Society  Gesellschaft  Capitalism  Consumer  Consumerism  consumerist  Selbstdarstellung  Kulturteilhabe  Facebook  Newsfeed  TV  MSM  poverty  trap  squeezed  middle  class  Precariat  debt  credit  card  chronic  stress  self-medication  book  war  refugee  migration  immigration  social  income  mobility  secular  stagnation  growth  disposable  discretionary  spending  GFC  bank  bailout  double  standard  tax  evasion  avoidance  Career  Politicians  status  quo  neoliberal  neoliberalism  Konsum  accountability 
september 2017 by asterisk2a
Should the Government Bring Back Trust-Busting? - Room for Debate - NYTimes.com
A de-concentration of economic power would lift up the middle class. Antitrust law was formerly used to reduce inequality, fight corruption and create a politically stable social contract all at once. [...] “Monopoly constitutes the death of capitalism and the genesis of authoritarian government.”
anti-trust  trust-busting  monopoly  oligarchy  oligopol  oligopoly  Super  Rich  bank  bailout  TBTF  lobby  self-regulation  Regulation  regulators  revolving  door  vested  interest  groups  Workers  Rights  Union  Trade  globalisation  globalization  Exploitation  accountability  tax  evasion  avoidance  middle  class  Amazon  Google  Microsoft  Capitalism  neoliberal  neoliberalism  Facebook 
september 2017 by asterisk2a
Entrepreneurs don’t have a special gene for risk—they come from families with money — Quartz
micro social safety net helps taking risks. see also what happens to your brain when living in poverty day to day. // And this is a key advantage: When basic needs are met, it’s easier to be creative; when you know you have a safety net, you are more willing to take risks. “Many other researchers have replicated the finding that entrepreneurship is more about cash than dash,” University of Warwick professor Andrew Oswald tells Quartz. “Genes probably matter, as in most things in life, but not much.” [...] “If one does not have money in the form of a family with money, the chances of becoming an entrepreneur drop quite a bit,” Levine tells Quartz.
Entrepreneurship  Silicon  Valley  Grundeinkommen  Universal  Basic  Income  social  safety  net  Dogma  chronic  stress  poverty  trap  Deprivation  Middle  Class  working  poor  Myth  UBI  risk  mental  health  Start-up 
september 2017 by asterisk2a
Give teachers in poorer schools subsidised housing – MPs | Education | The Guardian
“Despite all the changes in education policy over the years – under governments of all persuasions – inequality in our school system has sadly remained a constant,” Clegg said before the report’s launch. “It is simply unacceptable that poorer children are generally taught by less experienced teachers and that their life chances are shaped by the postcode in which they live. - https://twitter.com/minoritybeef/status/885660654534787072
esteem  education  policy  NHS  teaching  value  public  UK  Brexit  society  Ofsted  PISA  Enlightenment  Humboldt  postcode  lottery  social  income  mobility  Deprivation  poverty  trap  Precariat  class  war  Austerity  neoliberal  neoliberalism  Privatisation  Free  Schools  Academy  University  tutoring 
july 2017 by asterisk2a
(2173) Noam Chomsky (2017) "Advertising, Consumerism, and Human Nature" - YouTube
The 19th-century working class read more than aristocrats, back in the days! // dignity self-worth identity independent. consumerism is a drug to numb, to suppress, narcotic on humanness. human condition. // there is no market economy bc consumers are not informed not making rational choices. irrational choices. uniformed.
Noam  Chomsky  Consumerism  Materialism  Status  Anxiety  mobile  homescreen  shopping  Dopamine  self-medication  comfort  coping  mechanism  Democracy  Alain  de  Botton  AlaindeBotton  Television  Facebook  Entertainment  distraction  Consumer  consumerist  Politics  Capitalism  working  poor  social  security  poverty  Armut  Advertising  Identity  Fashion  No  Representation  Psychology  nudge  theory  Sociology  Society  Wertegesellschaft  Manufactured  Consent  dignity  self-worth  class  struggle  economic  history  culture  creative  creativity  UBI  Grundeinkommen  Universal  Basic  Income  humanity  Economics 
july 2017 by asterisk2a
(2029) Martin Wolf on the rise of populism | Opinion - YouTube
Populism - binary division of ordinary pure v elites. perceived incompetence of everybody. wearing down ppl w austerity - bailouts.
Populism  demagogue  Brexit  AfD  DonaldTrump  Donald  Trump  Culture  immigration  working  poor  identity  white  class  war  economic  history  GFC  globalisation  secular  stagnation  recovery  Precariat  living  standard  social  mobility  income  wage  growth  GDP  capita  tax  evasion  avoidance  austerity  USA  UK 
june 2017 by asterisk2a
(1487) LSE III | Professor Joan C. Williams | Why Did Trump Win? Overcoming Class Cluelessness in America - YouTube
admire the rich, resent the professionals ie politiciansm doctors and academics. ... sold over and over the american dream/self-employment self-made and become rich yourself (but like to stay in their class and neighbourhood - see Shaytards back in Idaho). not becoming academic, politician, writer, traveller. ... becoming order makers, from order takers. // white feel condescended every day, ordered around, not listened to, not considered, not represented, // no connection to Rich! But everyday professionals! //
DonaldTrump  Donald  Trump  post-racial  LGBT  political  correctness  PC  Super  Rich  1%  Plutocracy  inequality  Oligarchy  Sociology  race  gini  Coefficient  white  middle  class  Precariat  working  poor  No  Representation  Elite  Psychology  Brexit  American  Dream  Trickle-down  professionals  academic  social  income  mobility  underemployed  unemployment  Structural  skills  skill  vocational  education  policy  college  Productivity  output  gap 
june 2017 by asterisk2a
Distortion of financial economy (speculation), underinvestment in real things.
7:33 QE and ZIRP and banks business model, the financialisation of the western economies, is causing underinvestment now for a too long time, in the real economy (companies, R&D, infrastructure, edu, productivity). - https://www.youtube.com/watch?v=ZL31ORGxZPk - TBTF central banks w QE blance sheet unable to unwind it! Loss of faith in politics and the system. (2) credit bubble from consumers that made the recovery w the help of ZIRP QE - zombie consumer zombie companies zombie banks - kept just about alive w QE and ZIRP. america uk worth more on paper due to credit and forex USD £ than their real economy realer wirtschaftswert (3) Argentina example.
ZIRP  NIRP  QE  housing  mortgage  bubble  real  estate  squeezed  middle  class  working  poor  poverty  trap  social  income  mobility  recovery  GFC  central  banks  ECB  BOE  Fed  BOJ  austerity  Schuldenbremse  trickle-down  underinvestment  economic  history  TBTF 
may 2017 by asterisk2a
Car finance deals soar to new record - BBC News
The Bank of England and the Financial Conduct Authority (FCA) have raised concerns about such deals.
The Bank's worry is in relation to levels of consumer borrowing.
However Adrian Dally, head of motor finance at the FLA, said lenders were behaving responsibly.
"We do not share their concerns," he told the BBC. "Lending is responsible. This is a sustainable model going forwards." [...] That is largely because motorists can hand their cars back if they can no longer afford payments.
Ultimately it is the car manufacturers who carry the risk on such deals, as they guarantee second-hand values.
UK  consumer  debt  household  borrowing  creditcard  discretionary  spending  disposable  income  Brexit  confidence  credit  card  auto  loan  car  lease  protection  BOE  wage  growth  inflation  economy  FCA  squeezed  middle  class  working  poor  Precariat  bubble  automotive  industry  insolvency 
may 2017 by asterisk2a
Researchers have answered a big question about the decline of the middle class - The Washington Post
“This idea that we’re having this progression of increasing incomes over time — I think that might be true for the upper regions of the income distribution but not for the median,” said Nathaniel Hendren, a Harvard University economist who was not involved in the study. [...] The implication, Guvenen argues, is that economists should search for explanations for households’ current financial woes in the youth and childhood of today’s workers.

“We are maybe looking at the wrong place for the solution to stagnation in wages and rising inequalities,” Guvenen said. “To understand higher inequality, we should turn and take a closer look at youth.” /// &! one comment https://redd.it/69zf27 said part to do w competition. if you don't work for that money, others will. labour pool available for some kind of work. already applicable in the auto industry in usa uk and germany.
poverty  trap  USA  Precariat  social  income  mobility  UK  American  Dream  gini  Coefficient  working  poor  living  standard  squeezed  middle  class  education  policy  technological  unemployment  wage  growth  inequality  labour  economic  history 
may 2017 by asterisk2a
(577) Cornel West on Donald Trump: This is What Neo-Fascism Looks Like - YouTube
spiritual historical blackout. niall ferguson calls it historical amnesia among public and academics. // "most trying time in our lifetime." // pseudo populist = donald and brexit! but it is neoliberalism! / chornic crisis &! https://www.youtube.com/watch?v=OcJqjgB4tyQ
neoconservatism  neoconservatives  DonaldTrump  Donald  Trump  neofascism  fascism  minority  Brexit  AfD  far-right  right-wing  Cornel  West  GFC  recovery  secular  stagnation  squeezed  middle  class  post-racial  American  Dream  USA  economic  history  barackobama  neoliberal  neoliberalism  Bernie  Sanders  presidential  election  2016  UK  Germany  GroKo  France  White  Supremacy  nasty  party  Conservative  Globalisation  profit  maximisation  trade  deal  TTIP  NAFTA  Authoritarian  Abgehängt  insecurity  poverty  trap  social  mobility  scapegoat  Super  Rich  1%  Plutocracy  Oligarchy 
may 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
(482) School of Public Policy | Patricia Tagliaferri Dean's Distinguished Lecture Series - Niall Ferguson - YouTube
Donald Trump is Populist. not autocrat. usa not entering tyranny. he is a tool. a puppet. a tool for demos appetite for populism and strongman. difference is Facism likes military and uniforms. Amber Rudd wanted to count foreign workers and publish it ... // Angus Deaton epidemic of substance abuse and suicide. Yuhval said that you are more likely at your own hands than anything else // comming apart - book // winner takes all problem of neolib global multinational liberal capitalism // min 30:30 - social science, systemanalysis ala luhmann does not help. the plain of real life, real life solutions. // united states of amnesia, no history. // need to study applied history //
DonaldTrump  Donald  Trump  demagogue  populism  history  Niall  Ferguson  Brexit  AfD  UK  USA  France  Tories  nasty  party  Conservative  Amber  Rudd  Theresa  May  Nigel  Farage  Elite  Plutocracy  Oligarchy  BarackObama  1%  economic  10%  Super  Rich  inequality  poverty  trap  gini  Angus  Deaton  book  middle  class  American  Dream  social  income  mobility  Abstieg  Abstiegsangst  Angst  Armut  Germany  GroKo  GFC  bank  bailout  capitalism  neoliberalism  globalisation  structural  underemployed  unemployment 
may 2017 by asterisk2a
Brexitland: The truth from well-to-do Fareham: this was no working-class uprising | Owen Jones | Opinion | The Guardian
https://aufwachen-podcast.de/2017/04/07/a193-ethnopluralismus/ min 29 ... globale liberalismus ... ethnopluralismus aehnlich segregation // As he continues his journey around leave-voting areas, Owen Jones finds middle-class Brexiters variously motivated, but happy with the choice they made
• Brexitland: People can’t find homes. No wonder they were angry
• Brexitland: ‘Too many foreigners – way, way too many’
Brexit  Austerity  Housing  Crisis  UK  inequality  working  poor  stagnation  secular  recovery  economic  history  globalisation  Abstiegsangst  Society  Gesellschaft  neoliberal  neoliberalism  crony  capitalism  Identity  Career  Politicians  Culture  Segregation  Germany  far-right  right-wing  alt-right  White  Supremacy  Middle  Class  Precariat  poverty  trap  gini  coefficient  GFC  DonaldTrump  Donald  Trump  AfD  Racism  refugee  Islam  Muslim  NPD  Zivilgesellschaft 
april 2017 by asterisk2a
Paxman vs Boris on Newsnight - YouTube
Boris explains trickle-down // "they need better education" tories cut education real terms and now teachers ask for toilet paper, pens, and cut culture! a bare minimum education. for culture you have to be better off. after all, there are now no museums and libraries in your town.
Tories  Conservative  Party  nasty  Austerity  inequality  UK  gini  Coefficient  Deprivation  JAM  Theresa  May  David  Cameron  George  Osborne  Education  Policy  social  income  mobility  poverty  trap  Precariat  working  poor  Council  Library  Museum  Culture  class  bank  bailout  London  competitiveness  taxation  1%  10%  Boris  Johnson 
april 2017 by asterisk2a
Budget 2017: £2bn for social care and tax rise for self-employed - BBC News
http://www.bbc.co.uk/news/business-39114211 http://www.bbc.co.uk/news/uk-politics-39214295 debt going down bc of state asset sales !!! lol like reverse PFI ! http://www.bbc.co.uk/news/uk-politics-39203784 Philip Hammon tip-toeing around the issue of self-employment disparieties and exploitation. Damaging welfare state. While at the same time going through w corp tax cut from Osborne, as well as inheritance tax cut, capital gains, banks, ... also tip-toing around the business rate increase w a temporary relieve to the discretion of each council (call that a admin & beaurocracy catastrophe and prone to abuse, why give relive fund money to one and not the other?) & nothing for NHS. And still going ahead with Triple Lock Pension and no housing benefit for young. And still going ahead w cut in real terms of edu budgets. And still going ahead w no parity in mental health RE DWP ESA limit not funding mental health conditions.
HMRC  Philip  Hammond  Theresa  May  Tories  Conservative  Party  nasty  budget  Brexit  NHS  National  Insurance  NI  adult  social  care  elderly  self-employment  tax  evasion  avoidance  Council  Austerity  ageing  population  demographic  bubble  chronic  sick  health  demand  Generationengerechtigkeit  Triple  Lock  Pension  Trickle-down  Housing  Benefit  Crisis  education  policy  IMF  homelessness  homeless  inequality  technological  unemployment  mobility  welfare  state  child  poverty  downward  income  trap  gini  Coefficient  Disabled  JAM  DWP  JSA  ESA  working  poor  squeezed  middle  class  Precariat  zero  hour  contract  part-time  PFI 
march 2017 by asterisk2a
Budget 2017: Hammond to tell us the Brexit vote could have been worse | Business | The Guardian
consumers carried on spending and businesses continued to expand.

The picture for the public finances is also looking rosier compared with Hammond’s maiden autumn statement in November. [...] But here’s what the chancellor will not tell you: living costs have gone up and will continue to do so. The poorest will be hit hardest as the cost of essentials such as food and heating take a growing chunk out of already tight family budgets. Wages will struggle to match rises in inflation and the government’s benefit cuts mean that incomes will fall for the poorest people in Britain. In short, unless the government does something significant to improve living standards this week, inequality will start rising again.
UK  JAM  working  poor  squeezed  middle  class  Precariat  Theresa  May  Philip  Hammond  Austerity  DWP  HMRC  inflation  wage  growth  social  mobility  inequality  income  Tories  Productivity  child  poverty  trap  output  gap  recovery  GFC  bank  bailout  nasty  party  Conservative  Generationengerechtigkeit  babyboomers  Millennials  generation  rent  living  standard  discretionary  spending  disposable  credit  taxation  household  debt  mortgage  housing  crisis  Consumer  Consumerism  economic  history  neoliberalism  interventionism  crony  capitalism  tax  evasion  avoidance  corporatism  Exploitation  zero  hour  contract  part-time  minimum  generational  divide  Triple  Lock  Pension 
march 2017 by asterisk2a
Homelessness expected to rise further as Government scraps housing benefit for young people | The Independent
cutting benefits will push up payments and cost of homelessness, destitution, drug abuse, crime, etc. - http://www.independent.co.uk/voices/housing-benefit-under-22-young-people-cut-theresa-may-save-money-ideological-cruel-a7612321.html?cmpid=facebook-post - Getting rid of housing benefit for 18 to 21-year-olds won't even save us that much money – it's ideological cruelty
When just 11,000 people will be affected (small fry in financial terms), it’s hard to escape the conclusion that the goal isn’t really to help people at all, but to punish them
JAM  UK  DWP  Austerity  Housing  Benefit  Council  Tories  generation  rent  nasty  party  Conservative  Disabled  ESA  destitution  JSA  sanctions  social  mobility  poverty  trap  Food  Bank  income  education  policy  Theresa  May  Philip  Hammond  Iain  Duncan  Smith  minimum  wage  living  standard  growth  child  working  poor  squeezed  middle  class  Precariat  Gini  Coefficient  CEO  pay  tax  evasion  avoidance  corporation  corporatism  bailout  crony  capitalism  neoliberalism  Damian  Green  Germany  Rentnerrepublik  babyboomers  inequality  Generationengerechtigkeit  generational  divide 
march 2017 by asterisk2a
STEVE KEEN on Private Debt - YouTube
the trick is up for tory austerity soon, when the private debt/household debt bubble bursts. and or the uk economy comes to a standstill. /// London has driven out the real wealth creators - https://www.youtube.com/watch?v=Dyk1t4wEDAE - democracy by houses, bc renters have no rights, &! Money , banks, debt seems not to matter in status quo economics - Prof Steve Keen on Parasitic Banking Sector London School of Economics - https://youtu.be/Kh99jEE18KY GFC recovery is not recovery it is Japanese style stagnation! ex imigration¬!
UK  London  Margaret  Thatcher  private  debt  Consumer  household  mortgage  GFC  recovery  Brexit  discretionary  spending  disposable  income  reflate  reflation  ZIRP  NIRP  QE  Austerity  service  sector  working  poor  squeezed  middle  class  leverage  economic  history  living  standard  wage  growth  mobility  social  inequality  Gini  Coefficient  tax  evasion  avoidance  HMRC  payday  loan  trickle-down  Tories  nasty  party  Conservative  George  Osborne  David  Cameron  JAM  Theresa  May  Philip  Hammond  IMF  OECD  neoliberalism  crony  capitalism  Exploitation  corporatism  Consumerism  materialism  GDP  underinvestment  ROI  BOE  Mark  Carney  Steve  Keen  book 
march 2017 by asterisk2a
IFS: Growth in UK living standards worst in 60 years | Business | The Guardian
The Institute for Financial Studies is predicting that households will be almost 20% worse off by 2021 - IFS calculations show that average household incomes will be 18% lower in 2021-22 than could have been reasonably expected before the financial crisis in 2007-08 - “One of the biggest drivers of the rise in child poverty is policy choices, which is why it is essential that the prime minister and chancellor use the upcoming budget to put in place measures to stop this happening. An excellent start would be to ensure families can keep more of their earnings under the universal credit.”
IMF  UK  Austerity  OECD  living  standard  George  Osborne  David  Cameron  Philip  Hammond  Theresa  May  GFC  recovery  Tories  nasty  party  bank  bailout  Labour  Ed  Miliband  Jeremy  Corbyn  Conservative  secular  stagnation  disposable  income  discretionary  spending  household  debt  credit  card  mortgage  private  Consumer  Consumerism  wage  growth  inflation  mobility  inequality  gini  Coefficient  poverty  trap  working  poor  gig  economy  zero  hour  contract  Self-Employment  part-time  Precariat  squeezed  middle  class  technological  unemployment  ZIRP  NIRP  QE  trickle-down  neoliberalism  crony  Capitalism  corporatism  tax  evasion  avoidance  GDP  Corporate  profit  maximisation  globalisation  globalization  welfare  underinvestment  child  taxation  taxcredit  UC  DWP  JSA  social  fuel  Brexit  neoconservatism  neoconservatives  JAM 
march 2017 by asterisk2a
More than politics, Theresa May’s true strength is her grasp of British culture | Rafael Behr | Opinion | The Guardian
While John Major and Tony Blair struggle with their Brexit defeat, the prime minister has read the national mood and is successfully navigating it // SHE IS NAVIGATING IT? OTHERS WOULD SAY like Blair SHE SITS THERE AS PASSENGER. // Culture and identity tend to be treated as peripheral expressions of whatever is happening in the economy, which is sometimes true but not always. May understands that. She is a more astute culture warrior than economist, and for now that is serving her well. // HAPPY TO DO HARD BREXIT EVEN IF IT HURTS THE ECONOMY "make the best of it" // To win power from New Labour, Cameron adapted to Blairish mode: self-consciously modern, socially liberal, metropolitan and relaxed about Europe. [...] There was always something absurd about “anti-establishment” language in the plummy tones of Boris Johnson or Nigel Farage. But their campaign did capture a rebellious spirit. Partly it was generalised frustration at the state of everything; partly it was counter-revolution – the backlash by people who sensed that their lives, interests and anxieties were the punchline to a joke at a fancy London dinner party. [...] liberals haven’t grasped the scale of their defeat. That is good for May, who navigates through the middle.
Theresa  May  Margaret  Thatcher  UK  Brexit  far-right  right-wing  alt-right  White  Supremacy  hate  speech  crime  immigration  refugee  asylum  Home  Office  Tories  nasty  party  Conservative  war  Nationalism  Patriotism  David  Cameron  Liberalism  Culture  Liberal  neoconservatism  neoconservatives  Racism  Xenophobia  LGBT  DonaldTrump  Donald  Trump  Elite  London  HRC  Hillary  Clinton  history  No  Representation  lobby  1%  10%  bank  bailout  Austerity  Super  Rich  Plutocracy  Oligarchy  Bill  Establishment  social  mobility  squeezed  middle  class  working  poor  income  wage  growth  Precariat  globalisation  globalization  uncertainty  welfare  state  Greed 
march 2017 by asterisk2a
Junta lite: how generals and billionaires took over Trump's militarized America | US news | The Guardian
A government of billionaires and generals [...] This country has, in other words, been militarized in all sorts of ways, both obvious and less so, in a fashion that Americans once might not have imagined possible. [ Police w military equipment ]
DonaldTrump  Donald  Trump  USA  War  on  Terror  9/11  Super  Rich  Oligarchy  Plutocracy  1%  10%  trickle-down  tax  evasion  avoidance  American  Dream  inequality  gini  Coefficient  social  mobility  income  poverty  trap  working  poor  squeezed  middle  class  globalisation  globalization  post-racial  America 
march 2017 by asterisk2a
Government looks for new spending cuts of up to 6% - BBC News
[ fallacy of Austerity, just Austerity to balance the budget, living off the body, no investment (ROI) to balance future butget by increased tax income. debt does not come down, bc the economy stupid. and imf has backtracked its austerity advice, and latest from imf - investment in health and edu grows economy, got an ROI! ] The Institute for Fiscal Studies has said meeting this target by 2025 would require up to £34bn in further spending cuts and tax rises. &! http://www.bbc.co.uk/news/business-38894023 - To meet his target of eliminating the deficit during the next parliament, which is from 2020 to 2025, Mr Hammond will probably have to find a further £34bn in tax rises and spending cuts, extending austerity.
The report said £17bn of tax rises could be needed to contribute to closing the gap for government between outgoings and income.
UK  Austerity  NHS  STP  rationing  education  policy  Tories  nasty  party  Conservative  Theresa  May  Philip  Hammond  George  Osborne  fiscal  ROI  underinvestment  working  poor  Precariat  self-employment  gig  economy  squeezed  middle  class  Productivity  output  gap  GFC  recovery  bank  bailout  technological  unemployment  zero  hour  contract  DWP  HMRC  tax  evasion  avoidance  public  health  2020 
february 2017 by asterisk2a
Martin Schulz: Mehrheit hält den SPD-Kanzlerkandidaten für unglaubwürdig - SPIEGEL ONLINE
Was!? Man glaubt Politikern ihre Wahlversprechen vom Herzen und mit Emotionen nicht? // Die Mehrheit nimmt Schulz auch nicht seine Ankündigung ab, sich besonders für "hart arbeitende Menschen" einzusetzen. 57 Prozent halten das für "unglaubwürdig", 36 Prozent für "glaubwürdig". //&! Labour’s collapse among working-class voters is catastrophic – according to YouGov, only 16% would vote Labour now. That’s troubling enough for “the party of working people”, but it is made doubly damaging because, contrary to expectations, Ukip is not proving the main beneficiary. - https://www.theguardian.com/commentisfree/2017/feb/25/wings-labour-blame-electoral-collapse &! http://www.independent.co.uk/news/uk/politics/labour-third-most-popular-party-working-class-voters-behind-tories-ukip-latest-yougov-poll-stoke-by-a7578641.html &! https://www.nytimes.com/2017/02/24/opinion/britains-absent-opposition.html?_r=0 &! http://gulfnews.com/news/europe/uk/brexit-has-changed-britain-s-political-landscape-1.1984533 &! https://www.theguardian.com/politics/2017/feb/12/brexit-labour-identity-crisis-solution-return-to-roots
MatinSchulz  Martin  Schulz  Fatalism  voterturnout  voter  turnout  Bundestagswahl  2017  Angela  Merkel  SPD  CDU  Wahlbeteiligung  AfD  protest  vote  Brexit  DonaldTrump  Donald  Trump  resentment  Agenda2010  refugee  crisis  Precariat  working  poor  squeezed  middle  class  Labour  Jeremy  Corbyn  Ed  Miliband  HRC  Hillary  Clinton  Democrats  DNC  Bill 
february 2017 by asterisk2a
'It feels like a wilfully ignored secret': how commentators painted Stoke-on-Trent all wrong | UK news | The Guardian
(career) politician placards and journalists (headline grabbing) can only tell one-line slogan stories. ... for "ordinary people" there is just no space. and they can't make space for them. [...] Not many of these accounts left any room for complexity, nor any recognition of Stoke’s collective push for regeneration and revival, and plenty of local people greeted them with a mixture of anger and anxiety. [ also sold out to professional class, the ascendent as on the other side of the pond ]
Brexit  complexity  DonaldTrump  Donald  Trump  AfD  PEGIDA  economic  history  squeezed  middle  class  working  poor  Precariat  globalisation  globalization  underinvestment  Austerity  Storytelling  GFC  bank  bailout  trickle-down  inequality  social  mobility  structural  unemployment  underemployment  part-time  minimum  wage  living  standard  technological  Career  Politicians  book  Redaktionsschluss  Labour  Tories  Conservative  Party  nasty  NHS  Professional  London  Productivity  Services  Journalism  Journalismus 
february 2017 by asterisk2a
Why the Daily Show had to change - YouTube
Donald could also be interpreted as a backlash (white, latino, black, .. BAME) that also the black guy didn't make it better for us (the workin folk) and HRC campaign was all about 'its all good.'
BarackObama  Post-racial  America  USA  DonaldTrump  Donald  Trump  Poverty  working  poor  squeezed  middle  class  Matt  Taibbi  Thomas  Frank  book  professional  NAFTA  Bill  Clinton  Hillary  HRC  GFC  bank  bailout  TPP  TTIP  TISA  globalisation  globalization  Precariat  social  mobility  Trickle-down  1%  10%  Super  Rich  Plutocracy  Oligarchy  No  Representation  income  wage  growth  minimum  Food  Stamps  BAME  Democrats  GOP  Republicans 
february 2017 by asterisk2a
How The Democratic Party BETRAYED Workers & Its Base - THOMAS FRANK Interview Part 1 - YouTube
Dems doubled down on betrayal of labour - https://youtu.be/0TnS_P4JGDc // chimes w Mark Blyth and Matt Taibbi assessment. - propaganda game for HRC! - professional class could not accept Bernie. DNC adopted professional class, abandoned working class (left behind, picked up by Trump at the ballot box after Sanders was gone). [...] Dems wiped out! Now counting on Trump to screw it up. That is their strategy! [...] also the draining the swamp, no accountability in the big league game - see nassim talebs skin in the game. see bank bailouts nobody went to jail. sank economy, sank the world, the working poor and middle class have to pay for it. and 1-10% ask for tax cut and get it (trickle-down) ... Austerity. There is no deterrent from white and blue collar crime - financial crime, fraud, like accounting. GFC after-math is precedent, not deterrent from greed. //
DNC  Democrats  Bill  Clinton  Hillary  HRC  BarackObama  NAFTA  TTIP  TPP  TISA  neoliberalism  deregulation  book  corporatism  Journalism  journalismus  bank  bailout  recovery  GFC  USA  working  poor  taxation  Trickle-down  1%  10%  Super  Rich  Oligarchy  Plutocracy  lobby  squeezed  middle  class  Bernie  Sanders  revolving  door  Drone  Warfare  Mark  Blyth  Thomas  Frank  wage  growth  income  inequality  Poverty  gig  Economy  1099  social  mobility  gini  Coefficient  WallStreet 
february 2017 by asterisk2a
"Democrats Would Rather Lose Than Win With A Progressive"-Former Sanders Official Nick Brana Pt 2 - YouTube
Democrats fought & stole it from Bernie because they rather would lose to GOP/Trump than move to the left progressives. // See also book Thomas Frank - Liberal - https://youtu.be/M9u2aR19P3g. & Matt Taibbi on GOP and in general the establishment - $ - choosing the candidate not the voter electorate and journalists feeding themselves co-opting into the game then wondering why they are called fake and luegenpresse. And Mark Blyth mentioning Bill Clinton finished what Reagan could not ( Surrender: How the Clinton Administration Completed the Reagan Revolution by Michael Meeropol (Paperback) - https://www.yo​utube.com/watch​?v=a0q_Ww1q1j8. And Obama did not fight GOP in public, he preserved the status quo, did not upset the DNC elite and establishments going to the left and much more progressive and then there was the Drone Warfare.
DNC  Bernie  Sanders  Democrats  presidential  election  book  Thomas  Frank  Hillary  Clinton  Bill  1%  10%  Super  Rich  Oligarchy  Plutocracy  lobby  NAFTA  TTIP  TPP  TISA  2016  journalism  progressive  Career  Politicians  democracy  DonaldTrump  Donald  Trump  BarackObama  GOP  Matt  Taibbi  Mark  Blyth  economic  history  neoliberalism  Austerity  Globalist  corporatism  profit  maximisation  Taxation  Poverty  working  poor  Uber  oligopol  oligopoly  monopoly  gig  economy  self-employment  squeezed  middle  class  secular  stagnation  social  mobility  inequality  wage  growth  GFC  bank  bailout  recovery  gini  Coefficient 
february 2017 by asterisk2a
Sarah Champion: Brexit is a crucial moment in our nation’s history – so let’s use it to be ambitious on equalities | LabourList
Given that equality is so central to EU law, and given the emphasis that has been placed by the prime minister on equality since her speech outside No 10 when she first entered Downing Street, it came as a surprise to me that the word “equality” does not appear once in the government’s white paper.

There is a brief mention of women’s rights in relation to maternity leave, but no mention of race, disability or sexuality and gender identity.

This cannot be credibly perceived as a deal that works for everyone in Britain if women, BAME, disabled people and LGBT communities aren’t even referenced in the white paper.
Brexit  Labour  BAME  inequality  equality  discrimination  LGBT  Sexismus  Sexism  gender-based  equal  pay  childcare  tax  credit  child  minority  UK  class  ware  Racism  Xenophobia  Homophobia  homophobic  transphobia  Transphobic  hate  speech  crime  misogyny  Misogynie  workers  union  trade  deal  Act  2010 
february 2017 by asterisk2a
Data shows link between deprivation and child development (From HeraldScotland)
Children from the poorest parts of Scotland are more than twice as likely to have concerns recorded about their development.

New figures show more than a quarter (26%) of children from the most deprived areas had at least one developmental concern identified during reviews offered to every child reaching 27 months.

That compares to just one in nine (11%) for children living in the most affluent parts of the country in 2015/16.
Deprivation  Poverty  UK  childhood  development  income  mobility  social  Gini  Coefficient  mental  health  well  being  trap  coping  mechanism  Parenthood  parenting  class  war 
february 2017 by asterisk2a
Mark Blyth--"Liberalisms' great trick has been to naturalize very difficult political contests." - YouTube
'blocking coalitions' libdems and tories, GroKo, ... Dems/Obama, // /// Trump was bound to happen - https://youtu.be/2dTh3uLTEpk - Russell Brand on Donald Trump's Presidency - Full Interview - on radio X w moyles.
Brexit  DonaldTrump  Centrists  GroKo  democracy  history  neoliberalism  technological  unemployment  far-right  right-wing  Nationalism  Mark  Blyth  Protectionism  Populism  squeezed  middle  class  working  poor  Precariat  Armutsrisiko  poverty  trap  social  mobility  income  gini  Coefficient  inequality  Austerity  bank  bailout 
february 2017 by asterisk2a
Zwei neue Bücher über Armut - Markige Skandalisierung gegen spröde Analyse
40% der bevoelkerung von armut bedroht. hoffnuslos das kinder aus der armut raus kommen. abgeschafft, das man selber nicht mehr aus der armut heraus kommt.
book  poverty  homelessness  homeless  Germany  Precariat  Soziale  Marktwirtschaft  Agenda2010  Agenda  2010  hartz-IV  UBI  Universal  Basic  Income  redistribution  gini  Coefficient  neoliberalism  Armuts  Risiko  social  mobility  squeezed  middle  class  working  poor  Self-Employment  gig  economy  zero  hour  contract  Zeitarbeit  part-time  minimum  wage  worker  union  workers  trade  Leiharbeit 
february 2017 by asterisk2a
UK faces return to inequality of Thatcher years, says report | Business | The Guardian
Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister.

The Resolution Foundation said Theresa May would need to make good on her pledge to support “just about managing” households as it released a report showing that rising inflation and an end to recent strong jobs growth would hit the least well-off hardest.
UK  Brexit  Austerity  tax  credit  Tories  JAM  nasty  party  Conservative  poverty  fuel  working  poor  Precariat  zero  hour  contract  Contractor  Self-Employment  gig  Economy  1099  part-time  social  mobility  income  distribution  redistribution  squeezed  middle  class  technological  unemployment  underemployed  underemployment  trap  education  policy  public  health  inequality  Food  Bank  gini  Coefficient  Triple  Lock  Pension  JSA  ESA  DWP  minimum  wage  taxation  evasion  avoidance  HMRC  NHS  inflation  living  standard  disposable  discretionary  spending  Card  consumer  debt  household  underinvestment  skills  skill-biased  Productivity  output  gap  downward  upward  Theresa  May  George  Osborne  David  Cameron  Philip  Hammond 
february 2017 by asterisk2a
UK inflation: now it's the pound in your pocket being devalued | Business | The Guardian
According to the National Institute for Economic & Social Research inflation is heading towards 4% as the effect of Brexit uncertainty keeps the pound low and imports expensive. [...] The government has pledged to double down on austerity from April, with cuts to tax credits and other benefits as well as the savings made over the last five years.

Such a sharp spike in prices will strain household finances, especially when wages growth is expected to remain at around 2.5%.

Bank of England policymaker Michael Saunders said last week that developments in the labour market such as zero-hour contracts and agency working meant wages were unlikely to take off any time soon. [...] [ rise in unsecured credit 2008 levels, and personal bankruptcies not easier (online) to do and 2016 personal bankruptcies were up ~16% ]
UK  Brexit  living  standard  disposable  income  discretionary  spending  wage  growth  GDP  recovery  GFC  inflation  £  British  Pound  Precariat  working  poor  squeezed  middle  class  technological  unemployment  Productivity  output  gap  part-time  zero  hour  contract  Contractor  Self-Employment  gig  economy  1099  economic  history  Austerity  tax  credit  consumer  debt  household  Card  BOE  bankruptcies  bankruptcy  underinvestment 
january 2017 by asterisk2a
The new robot revolution will take the boss's job, not the gardener's | Business | The Guardian
Advances in artificial intelligence mean a second wave of change is approaching – and it is not the low-paid service sector where jobs are most at risk // Studies have shown that technological change rather than trade has been responsible for the vast majority of the jobs lost in manufacturing in the developed world. Put simply, machines have replaced humans. Robots have taken over factories. // https://twitter.com/ianbremmer/status/822930363827757056 20/80 split. - Technology—not int'l trade—accounts for 85% of the lost manufacturing jobs in the US. Feels like it's worth the reminder. &! https://www.theatlantic.com/business/archive/2014/01/the-dark-side-of-globalization-why-seattles-1999-protesters-were-right/282831/
AI  automation  Robotics  self-driving  cars  autonomous  vehicles  squeezed  middle  class  USA  UK  technological  unemployment  UBI  Universal  Basic  Income  Grundeinkommen  economic  history  education  policy  creativity  Richard  David  Precht  Alain  de  Botton  globalisation  globalization  offshore  outsourcing  contractor  contract  zero  hour  part-time  workers  union  trade  rights  Self-Employment  gig  economy  wage  growth  neoliberalism  crony  capitalism  tax  evasion  avoidance  Competition  corporatism  monopoly  oligopol  oligopoly  1%  10%  Super  Rich  Plutocracy  Oligarchy  welfare  state  redistribution  distribution  Precariat  working  poor  downward  mobility  social  poverty  trap  Austerity  underinvestment  underemployed  underemployment 
january 2017 by asterisk2a
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