asterisk2a + squeezed   494

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
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
Tory education cuts: Conservative MPs demand funding policy reverse - YouTube
budget cuts in real terms // Global Britain schools cutting education, culture, arts, foreign modern languages, // add NHS // Prison // Police // adult social care/elderly care //
UK  education  policy  Austerity  social  mobility  teaching  assistant  staff  shortage  Tories  nasty  party  Conservative  JAM  Theresa  May  Philip  Hammond  poverty  trap  income  skills  gap  Brexit  deprivation  attainment  Council  diversity  inflation  squeezed  gini  Coefficient  BAME  working  poor  Precariat  NHS  care  elderly  adult  Crisis 
march 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.
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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
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
Economic Update: Trumponomics Exposed [2017.01.26] - YouTube
minute 8. USA and UK are two economic basket cases. "To lead the world." out of touch and delusional. thinking political speech will bring prosperity for all.
USA  UK  trade  deal  Brexit  DonaldTrump  Donald  Trump  Theresa  May  economic  history  GFC  recovery  crony  capitalism  neoliberalism  Super  Rich  1%  10%  Plutocracy  Oligarchy  inequality  income  distribution  redistribution  growth  GDP  Precariat  working  poor  squeezed  middle  class 
january 2017 by asterisk2a
Obamacare in Trump country - YouTube
'people thought Trumps rhetoric against Obamacare/Affordable Care Act (ACA) was all talk. no way repeal something that benefits +25m people (more if more would sign up). the poor.' // ACA is a subsidy for the poor to afford insurance, paid for by progressive tax on the rich households of America (200k/250k couples and above) // still voted for Trump in the belive that he would make it even better for them, cheaper. monthly's and premiums not really leisurly affordable for JAMs // Obamacare was an invention of Republicans to make efforts against it, stick, a PR Communication tactic, vs just "ACA" ... and also on the road put many roadblocks in making premiums higher. // bc of flaws ppl voted for Trump he made it more affordable to insure. // Obama would like even more subsidy from the rich! //&! &! Republicans have one major problem on Obamacare - https://youtu.be/aduTfKE5IOM
Obamacare  ACA  DonaldTrump  Donald  Trump  JAM  working  poor  Precariat  public  health  Republicans  GOP  insurance  USA  squeezed  middle  class  Poverty  Social  Security  Medicaid  Medicare 
january 2017 by asterisk2a
How Trump Could Cause the Economic Meltdown - YouTube
Trump not addressing working poor, tech unemployment all unemployment and poor pay, growth of service sector jobs not caused by globalisation only. [...] Skidelsky promised leisure time is not in sight!!! bc tech put in place for profitmaximisation. more productivity, but worker retrained using robot paid same as before. not better. // Institutionalize Redistribution via Co-Ops (ie profit sharing, not CEO pay excess, no Wall Street shareholder dividends, but workers dividends (13th monthly payment), // Repeal ACA/Obamacare, is tax cut for 200k (250k as couple) households (10-1%)! canceling their progressive taxes on healthcare, to subsidize the poor and those without. what Obamacare enabled, insuring millions of uninsured, bc could not afford it. // Capitalism does not provide security to working class. bc taken over by neolib, crony, two rules, corruption, 1% fouvourism // do not reform, institutionalise from bottom and top redistribution ie co-op, progressive taxation (w investment tax free brackets), no tax evasion/avoidance harsher sentences, universal basic income w edu reform (Richard David Precht), ...
DonaldTrump  Donald  Trump  Co-Op  wealth  redistribution  Precariat  working  poor  Service  Sector  USA  income  growth  wage  CEO  pay  WallStreet  shareholder  stakeholder  GFC  squeezed  middle  class  poverty  trap  Consumer  Debt  household  debtoverhang  discretionary  spending  disposable  AI  Robotics  Skidelsky  technological  Productivity  leisure  time  part-time  Obamacare  ACA  neoliberal  neoliberalism  crony  Capitalism  Exploitation 
january 2017 by asterisk2a
Weak UK productivity spurs warnings of living standards squeeze | Business | The Guardian
The north of England and Midlands ranged between 10% and 15% below the UK average. [...] Sluggish productivity growth will intensify the pressure on workers as they face rising living costs, [...] “These are disappointing figures overall, with little sign that the persistent underperformance on productivity is coming to an end. Many organisations will be unable to offer higher wages as a result, meaning significant numbers of workers will feel poorer in 2017 if inflation continues to rise as anticipated,” he said.
UK  Productivity  wage  growth  income  inflation  living  standard  disposable  discretionary  spending  Brexit  working  poor  poverty  squeezed  middle  class  Austerity  underinvestment  export  skills  gap  education  policy 
january 2017 by asterisk2a
Brexit racism and civil war but what else does 2017 hold for politics? - YouTube
people visibly not white prone to abuse by ideological fanatic Leave Voters. [...] Door that this protest vote opened already closing. Tories and May leaving the JAM's already hanging ... ie by making British Human Rights Act to repeal EHCR a cornerstone of 2020 general election. [...] "things already slipping a bit" [...] ///&! Brexit fallout: UK is "less happy and more racist" than six months ago - https://youtu.be/Vl_KFpG0-EE --- views Gov is London Centric!
Brexit  Tories  Conservative  Party  nasty  2020  JAM  Austerity  inflation  working  poor  poverty  squeezed  middle  class  affordable  housing  property  bubble  wage  growth  secular  stagnation  economic  history  recovery  income  inequality  Westminster  Whitehall  gini  Coefficient  trap  homelessness  homeless  immigration  EEA  stigma  racism  Xenophobia  prejudice  bigotry  Nationalism  Precariat  social 
january 2017 by asterisk2a
Rail fares cost commuters up to 14% of their income, says study | Money | The Guardian
Some season tickets cost six times as much as those in Europe, say campaigners, as average 2.3% fare increase comes into effect
UK  discretionary  spending  disposable  income  inflation  Brexit  housing  crisis  affordable  social  working  poor  squeezed  middle  class  mobility  wage  growth 
january 2017 by asterisk2a
Brexit and the UK's role in 2017 - YouTube
UK joined EU for practical economic reasons, as it was sick man of europe and europe itself outgrew UK. Now UK makes irrational economic self-harm bc it doesnt see EU as strong any more, the rest is stronger and wont be bound by EU. // Theresa May to be unremarkable PM. Accidental Brexit PM. ... bc of ineptitude of Labour and majority of Press Landscape backing Brexit.
Brexit  DonaldTrump  Donald  Trump  technological  unemployment  immigration  working  poor  globalisation  globalization  London  squeezed  middle  class  Precariat  identity  politics  Religion  living  standards  inequality  poverty  underemployed  underemployment  gig  economy  self-employment  gini  coefficient  Super  Rich  Austerity  1%  Plutocracy  Establishment  Liberal  Elite  social  mobility  wage  growth  income  stagnation  recovery  GFC  bank  bailout  Theresa  May 
december 2016 by asterisk2a
Rising cost of essentials leaves UK households with less cash for treats | Business | The Guardian
Households are being left with less cash to spend on treats or to stash away as savings as the rising cost of essentials like food and fuel take a bigger chunk out of family budgets.
Brexit  inflation  disposable  income  discretionary  spending  UK  working  poor  child  tax  credit  Austerity  squeezed  middle  class 
december 2016 by asterisk2a
Lord King says Brexit brings 'real opportunities' - BBC News
economic reform // He said there were "real opportunities" for economic reform and new trade deals which meant Brexit could be a success. // problem is that after the GFC one opportunity was left at at bus stop. now we get 2nd w May/Tories/Brexit ? // like meat tax?
Brexit  liberal  economic  reform  technological  unemployment  working  poor  squeezed  middle  class  Austerity  MervynKing  BOE  markcarney  carney  social  mobility  income  poverty  tax  evasion  avoidance  HMRC  taxation  theresa  may  Tories  Conservative  Party  nasty 
december 2016 by asterisk2a
Armutsfalle Teilzeitjob – vor allem für Frauen | FAKT | Das Erste - YouTube
zzt muss man 45 jahre vollzeit mit mindestens +11 euro die stunde arbeit. um nicht im alter in die sozialfalle zu fallen. altersarmut. altersgrundsichrung = hartz-iv im alter.
gender  pay  gap  working  poor  Poverty  teilzeit  part-time  minijob  Precariat  Precarious  altersarmut  pension  minimum  wage  mindestlohn  Germany  Liberal  Economic  reform  Austerity  UK  USA  squeezed  growth  income  downward  mobility  social  hartz-IV  ALG2 
december 2016 by asterisk2a
Arm trotz Arbeit (Dokumentation Deutsch) Doku - YouTube
keine zusammengehoerigkeit. kann sich nicht mehr vergleich. exzess. berufliche gratifikations kriese. keine sicherheit. keine upward mobility. keine social acknowledgement.
poverty  working  poor  UK  Germany  France  OECD  minimum  wage  squeezed  middle  class  income  inequality  distribution  Super  Rich  1%  10%  20%  Plutocracy  Monopoly  oligopoly  Leiharbeit  Zeitarbeit  zero  hour  contract  contractor  ALG2  Aufstocker  tax  credit  well  being  status  anxiety  Precariat  mental  health  public  social  Burnout  chronic  stress  Gesellschaft  Sociology  socioeconomic  outsourcing  Zivilgesellschaft  Psychology  Lohndumping  gini  Coefficient 
december 2016 by asterisk2a
Children of 'just managing families left out by grammars' - BBC News
Lack of access to grammar schools is not confined to the poorest children, those from "just managing" families are also left out, research suggests.
"There is a strong indication that families on below average earnings are not being helped by the current grammar school system," said the Sutton Trust.
Grammar schools in England should not expand until the government can ensure fair admissions, the charity argues.
Ministers said their plans would address these issues.
social  mobility  income  inequality  distribution  gini  coefficient  UK  working  poor  JAM  squeezed  middle  class  tax  credit  wage  growth  GDP  Austerity  education  policy 
december 2016 by asterisk2a
Oh for the 1960s! People earned less but could afford more | Money | The Guardian
[ fetish of GDP ] Economic growth since the 1960s has been real, but the link between growth and personal prosperity has broken down, probably since the 1990s. We can carry on pushing for increases in GDP, but it’s meaningless unless it translates into a recovery in living standards. If any government really wants to help the left-behinds, then cutting house prices and rents must be their first priority.
GDP  wage  growth  income  distribution  economic  history  profit  maximisation  capitalism  crony  oligopoly  monopoly  Platform  Self-Employment  Productivity  squeezed  middle  class  working  poor  globalisation  Competition  liberal  reform  competitiveness  disposable  discretionary  spending  investment  creditcard  credit  GFC  recovery  Austerity  secular  stagnation  taxation  1%  Super  Rich  Plutocracy  10%  20%  bank  bailout  Privatisation  outsourcing  offshore  banking  tax  evasion  avoidance  child 
december 2016 by asterisk2a
Housing crisis 'creates in-work poverty' - BBC News
the economy "is not working for low-income families". [...] The Resolution Foundation also suggested that the biggest losers between now and 2020 would be lower income families, with the poorest third likely to see incomes drop.
working  poor  poverty  UK  income  mobility  downward  recovery  GFC  Austerity  squeezed  middle  class  underemployed  part-time 
december 2016 by asterisk2a
Obama defends globalisation on Germany visit - BBC News
US President Barack Obama has made a strong defence of globalisation as he arrived in Germany on his final visit to Europe before leaving office.
BarackObama  presidency  globalisation  globalization  Brexit  inequality  Poverty  working  poor  Super  Rich  1%  10%  20%  Plutocracy  USA  UK  DonaldTrump  Donald  Trump  presidential  election  2016  Washington  No  Representation  squeezed  middle  class  immigration  culture  values  identity  post-racial  America  GFC  recovery  bank  Bailout 
november 2016 by asterisk2a
BREAKING First Interview: Bernie Sanders On Donald Trump Winning the Election - Nov 10th 2016 - YouTube
minimum wage, gender wage gap, infrastructure, trade deals, ... tax evasion & avoidance! - will he tackle it? // don't take anger out on minorities and poor (help by language of government, ie deserving poor and undeserving poor) - what the tories did successfully.
DonaldTrump  Donald  Trump  presidency  Super  Rich  1%  10%  20%  Plutocracy  tax  evasion  avoidance  minimum  wage  working  poor  productivity  output  gap  value  creation  added  job  education  policy  squeezed  middle  class  GFC  bank  bailout  poverty  Demagogue  Populism  Racism  Bernie  Sanders  UK  underinvestment  underemployed  underemployment  Manufacturing  technological  unemployment  inequality  income  growth  gini  Coefficient 
november 2016 by asterisk2a
The Naked Truth: Trumpland - YouTube
43m long. // see also Trumpland from // losers or those who fear to lose. // refugees/immigrants taking my 2nd job. [...] companies who go overseas, are traitors // two party system, against the people //
Donald  Trump  American  Dream  post-racial  America  presidential  election  2016  Hillary  Clinton  Bernie  Sanders  Establishment  Career  Politicians  squeezed  Middle  Class  poverty  working  poor  Elite  Plutocracy  1%  10%  20%  bank  bailout  recovery  globalisation  globalization  Trickle-down 
november 2016 by asterisk2a
"On contact" with Chris Hedges (Episode 11) - YouTube
capitalism = ideology // book zen economics // victims of capitalism // hegemony dominant interest of group/society // << being conditioned. // manufactured consent - chomsky // industry creating consumer culture - adam curtis centry of self. [...] hedonism, exploitation of everything and everyone. //
neoliberal  neoliberalism  crony  capitalism  consumerism  consumerist  materialism  individualism  squeezed  middle  class  credit  card  status  anxiety  Selbstdarstellung  Social  Media  Reality  TV 
october 2016 by asterisk2a
"On contact" with Chris Hedges (Episode 14) w Mark Blyth - YouTube
austerity works for those, who impose it. middle class and pood paying for the debt and bailouts they were not responsible for. // [...] when you shut down the casino economy. where is growth coming from? wage growth, productivity, investment, ... to pay those debts ... by the 80% who bailed out the 20%. current authoritarian depotism populism demagoge does not have the policy/answers. to make the economy work for the 80% so they can pay/serve their debt obligations. [...] young ppl in debt like never before, will not achieve life their parents had. [..] public scared of idea if you change fiscal policy ie tax raise and public investment you make it worse. [...] italy has not grown more than 1% since joined the euro.
Mark  Blyth  Austerity  bank  bailout  UK  George  Osborne  inequality  poverty  wage  growth  Fiscal  Pact  Schuldenbremse  reflate  WallStreet  Mainstreet  Economic  History  USA  European  Union  working  poor  credit  card  household  debt  car  loan  auto  property  bubble  squeezed  middle  class  Brexit  Precariat  1%  10%  20%  plutocracy  Super  Rich  book  welfare  social  security  Triple  Lock  Pension  neoliberalism  neoliberal 
october 2016 by asterisk2a
Ferguson: Democracy Around the World Is in Crisis - Bloomberg
globalisation _ gfc _ recovery _ immigration _ political establishment corrupt not representing us // populism doesnt work to solve gefuehlte wirklichkeiten (never be enough).
Donald  Trump  Hillary  Clinton  Democracy  populism  AfD  Front  National  USA  UK  UKIP  Brexit  Germany  France  economic  history  squeezed  middle  class  poverty  structural  unemployment  technological  immigration  European  Union  wage  growth  income  inequality  gini  Coefficient  stagnation  secular  GFC  recovery  bank  bailout  crony  capitalism  Precariat  working  poor  Austerity  neoliberal  neoliberalism  corporate  welfare  tax  evasion  avoidance  globalisation  globalization  Chicago  School  bubble  fiscal  policy  monetary 
october 2016 by asterisk2a
Taking Trump voters’ concerns seriously means listening to what they’re actually saying - Vox
author is doing himself intellectual disservice to label even half as outright racists. // as w AfD. even (squeezed) middle class can have econ axiety bc prices rise but not the paycheck for a decade or more. and future does not look better for your kids than yourself when you were their age.
Donald  Trump  presidential  election  2016  Hillary  Clinton  economic  history  squeezed  middle  class  poverty  post-racial  america  inequality  gini  Coefficient  income  growth  tax  evasion  avoidance  bank  bailout 
october 2016 by asterisk2a
Iain Duncan Smith tries to sell a 2018 Brexit fantasy on Sunday Politics - YouTube
nasty party and austerity party tries to pitch itself as workers party at 2016 conservative party conference. after the squeezed middle class of england voted out of EU //&! sorry theresa, there can be no true meritocracy! - https://youtu.be/XVDUoHMf1_Y?t=14m &! Philip Hammond can't stop himself to repeat again that Labour allegedly mismanaged the economy/budget - https://youtu.be/fn2pd8UBNX4?t=38m "the is no money" note. & we inherited a recession from "Labour" & and selling low borrowing cost as own achievement. & selling itself as the true party of British "working people." & grown faster [and racked up debt (private & publich) at same time.] & "living within its means" but "pragmatic" & "high wage high skill economy" & productivity & want to see tax receipts here in Britain (tax evasion and avoidance) & will lower corp tax rate further!
working  poor  poverty  child  austerity  tax  credit  Philip  Hammond  Theresa  May  DWP  ESA  JSA  George  Osborne  middle  class  squeezed  Brexit  NHS  Crisis  David  Cameron  Iain  Duncan  Smith  budget  deficit  consumer  debt  household  wage  growth  income  inequality  Super  Rich  1%  10%  20%  Westminster  No  Representation  Career  Politicians  free 
october 2016 by asterisk2a
Cash-strapped schools consider introducing four-day week | Education | The Guardian
Schools in West Sussex are warning they may have no option but to cut their hours – even floating the idea of a four-day week – unless they are given emergency financial help from the government.

After years of underfunding, headteachers in every primary, secondary and special school in the county have written to parents saying all the obvious cuts to school spending have already been made. Now they are considering “modifying school hours” as a last-ditch attempt to cut costs.
UK  Austerity  education  policy  staff  shortage  inequality  gini  Coefficient  social  mobility  morale  downward  squeezed  middle  class  Brexit 
october 2016 by asterisk2a
Middle classes (not working class) voted for Brexit, argues Danny Dorling - BBC Newsnight - YouTube
middle class english vote // to catch up w German health spend, 1bn a week extra for NHS. Not 350m. // uk is europes most unequal country economic wise.
Brexit  Identity  Politics  squeezed  middle  class  NHS  Crisis  inequality  European  Union  Austerity  gini  Coefficient  poverty  tax  credit  fuel 
october 2016 by asterisk2a
Are we heading for another slump? - Michael Roberts, John Bellamy Foster and Joseph Choonara - YouTube
Michael Roberts book // lack of profit, due to lack of growth (outlook), thus lack of investment. ... less competition. +++ winner take all/globalisation/conglomerate +++ erosion of purchasing power +++ no to little wage (income) growth, if at all due to credit card, car load, mortgage, student loan, ... === less demand. === deflation pressures // less profits = more profit maximisation = lay-offs and destruction of union, bogus contracts via forced self-employment (thus saving on social security payments). = and outsourcing in next cheaper country.
ouput  gap  productivity  secular  stagnation  UK  USA  underemployed  underinvestment  recovery  austerity  bank  bailout  banking  crisis  economic  history  capitalism  in  crony  GFC  Sovereign  debt  wage  growth  squeezed  middle  class  working  poor  neoliberal  neoliberalism  deflation  deflationary  monetary  policy  fiscal 
september 2016 by asterisk2a
Mecklenburg-Vorpommern: SPD gewinnt, AfD vor CDU, Grüne, FDP und NPD draußen - SPIEGEL ONLINE
Mit 30,6 Prozent hat die SPD die Wahl in Mecklenburg-Vorpommern gewonnen. Die AfD zieht mit 20,8 Prozent als zweitstärkste Kraft ins Landesparlament. Grüne, FDP und NPD scheitern an der Fünfprozenthürde. //&! Das war mehr als eine kleine Landtagswahl, das war eine Merkel-Wahl: Ein Proteststurm hat die CDU im Nordosten hinter die AfD abrutschen lassen. Ein Debakel für die Kanzlerin. - bit.ly/2bQnapM & bit.ly/2bOLOKf & mehr voter turnout - bit.ly/2c4LV1N & bit.ly/2bWnult & bit.ly/2c0Ix5d & bit.ly/2cAcZbL
AfD  Angela  Merkel  Centrist  Centrists  CDU  CSU  SPD  protest  vote  Brexit  Donald  Trump  Front  National  Germany  European  Union  far-right  Rechtsruck  right-wing  Precariat  working  poor  poverty  squeezed  middle  class  Agenda  2010  neoliberal  neoliberalism  bank  bailout  GFC  PIGS  sovereign  debt  crisis 
september 2016 by asterisk2a
Angela Merkel's CDU 'suffers Mecklenburg-Western Pomerania poll blow' - BBC News
The Alternative fuer Deutschland (AfD) party took 21% of the vote behind the centre-left SPD's 30.5%.
The German chancellor's CDU was supported by only 19% of those who voted, according to the exit polls.
Angela  Merkel  AfD  Centrist  Centrists  Germany  refugee  crisis  GFC  recovery  inequality  Poverty  social  mobility  gini  Coefficient  squeezed  middle  class  Precariat 
september 2016 by asterisk2a
Glenn Greenwald on Brazil & Clinton vs. Trump - Jung & Naiv: Episode 273 - YouTube
(Chris Hayes - Twillight of the elites 2011) collapse of the elite of authority = disorder // loss of fiath and institutions ... people tune out on TV telling them Brexit and Trump is bad. // Hillary Clinton had all that she could ask for, still Bernie gave her the bern ... gives you the size of resentment and want for change.
Donald  Trump  Hillary  Clinton  Brexit  Elite  Establishment  Toff  Privileged  inequality  Gini  Coefficient  Super  Rich  Plutocracy  1%  10%  20%  bank  bailout  Austerity  neoliberal  neoliberalism  AfD  Front  National  UKIP  Nigel  Farage  Germany  France  UK  USA  presidential  election  2016  globalisation  globalization  economic  history  GFC  recovery  student  debt  social  mobility  income  growth  wage  squeezed  middle  class 
august 2016 by asterisk2a
Conservative Talk Show Host Admits Trump Is Their Fault - YouTube
post-truth politics. post-facts. // PS: read NYT what the 1% wants to read and do. (by Richard Wolff)
Donald  Trump  AfD  UKIP  Brexit  Front  National  Lügenpresse  PEGIDA  refugee  crisis  immigration  squeezed  middle  class  Precariat  social  mobility  poverty  trap 
august 2016 by asterisk2a
Atul Singh: "The Global Rise of the Far Right" | Talks at Google - YouTube
people have to come to expect XYZ, but never materialised. literally // communities locally (suburb aspiration) have been broken down by consumerism materialism and 24/7 work / work being identity // & no certainty. thus you hang onto anyone who promises you past certainty, salvation, promised age. continuity in age of uncertainty and volatility. don't know if you have job next month. and gives you promises you collective identity. thus seeking authoritarian father figure. // & have to address - future (certainty, moral purpose), identity, inequality.
Donald  Trump  far-right  right-wing  inequality  gini  Coefficient  social  mobility  AfD  UKIP  Brexit  Germany  UK  USA  Rechtsruck  Rechtsextremismus  technocracy  Identity  Politics  Centrists  squeezed  middle  class  economic  history  Precariat  OECD  income  Consumerism  materialism  status  anxiety  career  Politicians  no  Representation  Toff  Privileged  Establishment  European  Union  job  insecurity  Zero  Hour  Work  Sociology  Psychology 
august 2016 by asterisk2a
The Guardian view on the UK labour market: farewell, Lithuanian car valets | Editorial | Opinion | The Guardian
Of course, pay was not the only reason that migrant workers came to be so resented. Queues for doctors’ appointments and overcrowded classrooms were easier to see than differences in pay, and they played a bigger part in fuelling resentment. Yet in the same way that migration concealed structural change in wages, its impact on public services served as a distraction from the real cost of the austerity measures brought in by the coalition government in 2010.
Austerity  Brexit  underinvestment  UK  education  policy  NHS  Crisis  child  care  David  Cameron  George  Osborne  Tories  Conservative  Nasty  Party  political  class  Toff  Privileged  Establishment  Westminster  No  Representation  Whitehall  Protest  Vote  economic  history  squeezed  middle  social  mobility  meritocracy  meritocratic 
august 2016 by asterisk2a
Why so many Americans in the middle class have no savings - YouTube
Could you come up with $2,000 in 30 days if you had to? As many as 40 percent of American families can’t, despite the improving economy. //&! youtu.be/jguYzvHp6qE //&! The Secret Shame of Middle-Class Americans / Summit on the Economy
- making it month to month - youtu.be/VXkJ9bf1A8U //&! The Financial Crisis Is Forcing America To Redefine Their Values - youtu.be/Em02NgDczT4
economic  history  squeezed  middle  class  Precariat  recovery  wage  growth  income  inequality  western  world  secular  stagnation  financial  literacy  illiteracy  American  Dream 
august 2016 by asterisk2a
Understanding Peter Thiel’s Politics
he “no longer believe[s] that capitalism and democracy are compatible.” (Thiel has since said that he was wrong to think America was a democracy, calling it instead a “state dominated by very unelected, technocratic agencies”). [...] Thiel let slip that he was pessimistic about the current system continuing. The failure of the present Establishment, according to Thiel, may point to Marxism, libertarianism, or something else, but “it’s going to be this increasingly volatile trajectory of figuring out what that’s going to be.” [...] political zero to one
Peter  Thiel  Donlad  Trump  Brexit  presidential  election  2016  Centrist  Centrists  Establishment  Toff  Privileged  1%  10%  20%  Super  Rich  Plutocracy  Plutocrats  democracy  demos  No  Representation  Career  Politicians  GFC  bank  bailout  gini  Coefficient  inequality  social  mobility  income  squeezed  middle  class  warfare  crony  capitalism  in  crisis  tax  avoidance  evasion 
august 2016 by asterisk2a
Jonah Goldberg on Donald Trump's Candidacy, Liberalism, and Conservatism - YouTube
Centrists - Over promised and under delivered. thus feeling of no representation etc. and feeling of betrayal [...] can't discount the economics of the last decades. [...] Brexit is illuminating. [...] 1% look down on "make america great again" as nostalgia [...] see themselves better than the rest. [...] disdain [...] [...] Republicans (Establishment) could not break out of and from the past. Could not make advances against Donald Trump. [...]
Brexit  Donald  Trump  populism  demagogue  demagogy  barackobama  presidency  AfD  Front  National  globalisation  globalization  squeezed  middle  class  working  poor  Precariat  Polarisation  economic  history  Career  Politicians  No  Representation  Establishment  Toff  Privileged  1%  10%  20%  bank  bailout  GFC  recovery  sociology  Gesellschaft  Gesellschaftswerte  history  trust  trustagent  Religion  social  cohesion  UKIP  book  mainstream  media  Lügenpresse  Davos  Commanding  Heights  plutocracy  oligarchy  Super  Rich  UK  USA  European  Union  tax  evasion  tax  avoidance  neoconservatism  neoclassical  economics  neoconservatives  Chicago  School  neoliberal  neoliberalism  Centrist 
july 2016 by asterisk2a
Central Banking and Inequality – Taking Off the Blinders
"Despite studies that suggest that the post-crisis unconventional monetary policies tend to exacerbate inequalities, the standard line of central banks is that these “unintended consequences” fall outside their mandate."
BIS  central  banks  BOE  ECB  Fed  inequality  Gini  coefficient  reflate  reflation  bank  bailout  bailout  1%  20%  10%  triple-lock  pension  ZIRP  NIRP  QE  unintended  consequences  monetary  policy  fiscal  policy  Pact  austerity  Schuldenbremse  secular  stagnation  squeezed  middle  class  wage  stagnation  wage  growth  income  growth  income  distribution  Precariat  GFC  recovery  Helicopter  Money 
july 2016 by asterisk2a
Keiser Report: Gold & World’s Debt Problems (Summer Solutions series E940) - YouTube
deflationary trap/liquidity trap - orthodox monetary policy w austerity = stagnation. & west is exporting deflation. // if it is good for consumers ... break up banks. // hedging is BS ... you double the system you double the risk. [...] banks are now bigger! ... ban most derivatives, and reintroduce glass stegall // Black-Schoeles - there is no such think as risk free rate and no such thing as the past reflect the future. risk is not equally distributed. [...] VAR is flawed. //
deflation  deflationary  NIRP  currency  war  currency  debasement  ZIRP  QE  Helicopter  Money  secular  stagnation  western  world  Abenomics  BOE  BOJ  Fed  ECB  economic  history  Richard  Koo  liquidity  trap  debt  overhang  balance  sheet  recession  consumer  debt  household  debt  mortgage  mortgage  market  mortgage  rates  distortion  hunt  for  yield  credit  boom  credit  bubble  PBOC  China  reflate  reflation  squeezed  middle  class  wage  growth  income  growth  income  distribution  income  disparity  working  poor  Precariat  Brexit  GFC  too  big  to  jail  productive  investment  underinvestment  austerity  history  productivity  gap  financial  instruments  investment  banking  global  economy  globalisation  globalization  derivatives  output  gap  productivity  recovery  neoliberal  neoliberalism  Chicago  School  neoclassical  economics  deregulation  Wall  Street  speculative  bubble  property  bubble  Beton  Gold  Betongold  stagnation  aggregate  demand  aggregate  demand  short-fall  too  big  to  bail  too  big  to  fail  TBTF  complexity  systemic  risk  systemrelevant  systemicrisk  systemrelevanz  zombie  bank  zombie  banks  non-performing  loan  leverage  hedge  Glass-Steagall  Black-Scholes  Equation 
july 2016 by asterisk2a
Deutsche Bank Loves Helicopter Money: Why "Big Inflation Is Coming... But Will First Require A Crisis"
[NEED FOR CHANGE OF WIND - deflationary pressures ] Europe is another story. Germany must let their southern neighbors cheat on deficits and bank recapitalizations. “Spanish election showed if you let them cheat and growth surprises positively then extremists don’t do so well. Europe can only survive as an inflation zone. Will it be formally tolerated? Probably not. Will governments cheat anyway with ECB support?” Probably.
Deutsche  Bank  Italy  PIGS  sovereign  debt  crisis  austerity  Germany  Fiscal  Pact  Schuldenbremse  ECB  MarioDraghi  BuBa  Jens  Weidmann  Wolfgang  Schäuble  Angela  Merkel  zombie  zombie  banks  Richard  Koo  Helicopter  Money  monetary  policy  monetary  stimulus  policy  monetary  theory  deflation  deflationary  Brexit  European  Bank  Supervision  BaFin  BOE  BOJ  Abenomics  right-wing  far  right  far-right  Front  National  AfD  UKIP  Centrist  recovery  income  distribution  income  inequality  Gini  coefficient  squeezed  middle  class  Precariat  working  poor  globalisation  globalization  Paul  Mason  crony  capitalism  capitalism  in  crisis  tax  evasion  tax  avoidance  poverty  poverty  trap  social  mobility  income  mobility  wage  stagnation  wage  growth  wage  pressure  income  growth  GFC  economic  history  liquidity  trap  balance  sheet  recession  debt  overhang  household  debt  consumer  debt  credit  card  credit  card  debt  western  world  secular  stagnation  non-performing  loan  bail-in  bailout  recapitalization  recapitalisation  UK  Japan 
july 2016 by asterisk2a
A hard truth for Leave voters: Brexit means big government
Britain has seen a renaissance in jobs since 2013, of that there is no doubt. But most of those extra jobs were among the self-employed or fell into categories that can only be described as insecure and low-paid. When companies finally took the plunge and advertised full-time jobs from 2014 onwards, around a third went to migrants. [...] It is this mostly older group of workers across the developed world, worried about their pay, pensions and conditions of employment, that want to slam the brakes on globalisation and reject the remedy proposed by big business: greater labour-market flexibility and only limited job protections. [ Globalisation as a great rebalancing of the world economy between the west and the rest (BRIC and co) ] [...] Only government can provide the cure, with a commitment to invest where the private sector cannot or will not go.
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july 2016 by asterisk2a
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