asterisk2a + good + debt   7

SPERI Annual Lecture 2015: 'The Failure of Austerity' by Lord Robert Skidelsky - YouTube
economic history - "state spending inherently unproductive." // borrowing is deferred taxation - David Richardo - Rational expectations. Market economy always tended full employment. // Theory and Facts did not align. Keynes realised it post-war. Private investment is inherently volatile, ie slump conditions. state to offset underinvestment of private sector and match their retreat. getting rid of abnormal unemployment. done through monetary expansion (QE) and put onto state balance sheet available to spend. // Where 2009 forward QE got to banks ... // Paul Krugman - Confidence Fairy. // "Look after employment, and the budget will look after itself." but today it's the bond holders confidence who shapes budgets. // Keynes 'it is the long-term confidence of businesses that shape investment, confidence in state to no let a slump happen again.' but austerity, out of ammo talk, political-, social environment/sentiment & Osborne's '2016 will be tough year' speech were counter-productive.
austerity  economic  history  Robert  Skidelsky  Richard  Koo  David  Ricardo  sovereign  debt  crisis  underinvestment  productive  investment  competitiveness  competitive  public  utility  public  investment  education  policy  public  transportation  Good  infrastructure  investment  QE  monetary  policy  fiscal  policy  George  Osborne  trickle-down  economics  tax  code  progressive  taxation  oligarchy  plutocracy  Super  Rich  1%  neoliberalism  neoliberal  Chicago  School  stagflation  secular  stagnation  Pact  business  cycle  business  confidence  consumer  confidence  Schuldenbremse  western  world  Paul  Krugman  political  folly  political  theory  political  economy  political  error  macroprudential  policy  macroeconomic  policy  microeconomic  policy  financial  cycle  Greed  economic  cycle  inflation  expectation  expectations  Super  debt  servitude  GFC  recovery  Conservative  Party  fearmongering  Fear  Career  Politicians  nasty  David  Cameron  PR  spin  doctor 
january 2016 by asterisk2a
NHS on brink of collapse, warns former health minister | Society | The Guardian
Norman Lamb [...] NHS will crash within two years with catastrophic consequences unless the government orders an immediate multibillion pound cash injection, the former minister in charge of care services says. [...] fears mount among senior NHS officials, care providers and local authorities that NHS and care services are approaching breaking point. [Lamb] accuses the government of dishonesty in failing to admit the scale of the problems [ sick population, premature ageing, chronic diseases, obesity crisis, Big Sugar, food industry, cancer, sedentary lifestyle, demographic bubble, pollution, chronic stress, mental health ]. [ need non-partisan commision ] [...] NHS CEO [...] [sees no] progress in tackling public health problems [which are multi-dimensional][, shaving the top off/limiting the extent/prevention (Sugar Tax/Alcohol Unit pricing review/review of food deserts & fast-processed-junk-food filled grocery stores) against predictable/status quo = pressures continue 2 increase.]
NHS  NHS  Scotland  austerity  Tories  neoliberalism  neoliberal  Privatisation  George  Osborne  Jeremy  Hunt  David  Cameron  dogma  ideology  general  election  2015  election  campaign  promises  Social  Services  Public  Services  Big  Society  Toff  Privileged  Establishment  mental  health  bank  bailout  sovereign  debt  crisis  budget  deficit  Polarisation  manufactured  consent  corporate  state  corporate  media  propaganda  populism  Lügenpresse  Westminster  London  GFC  demographic  bubble  premature  ageing  cancer  chronic  diseases  chronic  low-grade  inflammation  sick  population  Standard  American  Diet  western  pattern  diabetes  dieting  sedentary  lifestyle  western  lifestyle  substance  abuse  alcohol  abuse  drug  abuse  non-alcoholic  fatty  liver  disease  obesity  epidemic  overweight  health  policy  health  health  crisis  health  care  budget  health  care  spending  western  world  western  carnism  awareness  perception  opinion  debate  discourse  utility  Public  Good  health  inequality  Gini  coefficient  inequality  food  poverty  food  industry  Big  Sugar  nanny  state  Sugar  Tax  processed  food  fast  food  junk  food  Desert 
september 2015 by asterisk2a
Why Greece’s European Agreement Is Not a Bailout - YouTube
'Tsipras was digging his own grave.' That he goes home now with that deal that has to be passed by Parliament, this deal after the referendum no on bailout terms less harsh, that is tough. Demuetigung by Eurogroup and Co. To go home with even more stricter terms, the people that elected him on an anti-austerity platform and gave a resounding 61% no to the bailout terms given February 2015 after the election of Syriza.
Greece  Alexis  Tsipras  Yanis  Varoufakis  Syriza  referendum  democracy  bailout  2015  Eurogroup  Angela  Merkel  creditor  Politics  economic  history  IMF  Troika  Great  Depression  Career  Politicians  Wolfgang  Schäuble  ECB  Germany  FrancoisHollande  France  Grexit  austerity  Privatisation  debt  restructuring  haircut  sovereign  debt  crisis  debt  jubilee  common  sense  common  good  solidarity  BIS  World  Bank  ChristineLagarde  Jean-Claude  Juncker  MarioDraghi  European  Union 
july 2015 by asterisk2a
Greece debt crisis puts Germany's Merkel under pressure - BBC News
Of all of its creditors, Greece owes Germany the most - €68bn (£49bn; $75bn). // should compromise and change Germany internal debate whether we want to see 70% of our money or non at all in case of a Grexit in the next 5 years because Greece can no get back to economic growth and a real nationalistic and populistic elected gov that make Syriza look pale in comparison does elect to exit Euro voluntarily. Short sighted ideological national interest will bring worse than they can imagine - destroying the european dream and damaging europe as a whole as economy long-term (ie deflationary pressures ECB fights with more money, instead with political long-term resolution in the interest of THE EUROPEAN UNION, SOLIDARITY, they already did since GFC with their dither strategy, putting plasters on fault lines. Angela Merkel could have become the true Queen of Europe history would have remembered her. But she can only be national career politician & a lab worker (has science degree).
Career  Politicians  compromise  Grexit  bailout  debt  restructuring  haircut  EFSF  IMF  ECB  ESM  Greece  sustainable  sustainability  economic  history  austerity  national  interest  European  Union  policy  folly  policy  error  Angela  Merkel  Sigmar  Gabriel  Wolfgang  Schäuble  Troika  ChristineLagarde  Eurogroup  MarioDraghi  common  sense  common  good  Great  Depression  lost  decade  lost  generation  zombie  banks  short-term  thinking  short-term  view  ideology  dogma  populism  propaganda  Nationalism  media  conglomerate  Lügenpresse  No  Representation  faultlines  structural  imbalance  GFC  recovery  solidarity  manufactured  consent  corporate  state  Gesellschaft  European  fiscal  transferunion  Eurobond  Leadership  vision 
july 2015 by asterisk2a
W. Keith Campbell: The Narcissism Epidemic - YouTube
Social Media = an instant in ones life. not ones life. but this disclosure isn't written in there. under pictures, videos, tweets. + Environment of status symbols, status anxiety, debt fueled (zombie) consumerism. Fast Fashion. Throwaway society. At large not being sustainable. Status quo. Living in the now. Binge Drinking. Keeping up with the John's. Millennials - everyone gets a trophy, even for participation. ... this environment creates a need to display being happy and successful and having everything in life. [...] abundance of digital gossip. whether its whatsapp/sms in own circle at large and in the tabloid [...] 'Narcissism predicts leaders, but not whether they are good or bad.' [Could even argue they dont care abt their eulogy, see David Brooks book Character] [ & rising incivility in politics and lack of trust ] // W. Keith Campbell: The Roots of Narcissism - youtu.be/HXbeKKhQXKA - From find meaning in self (actualization) 2 self-expression & display, praise work
Celebrity  of  You  Selbstdarstellung  status  symbol  status  anxiety  socioeconomic  status  social  status  sociology  psychology  capitalism  exploitation  environment  book  Selbstfürsorge  Media  Instagram  Vlog  Facebook  anxiety  short-term  thinking  short-term  view  zombie  consumer  consumer  debt  credit  card  binge  drinking  Millennials  generationy  selfish  gene  self-belief  self-regulation  self-respect  Self-esteem  self-awareness  beauty  sickness  Fast  Fashion  Fashion  Industry  beauty  standard  beauty  gossip  culture  gossip  self-improvement  self-help  book  Alain  de  Botton  philosophy  Friendship  friends  superficial  public  awareness  public  discourse  public  debate  public  perception  Life  culture  mental  health  Selfie  quantified  self  self-publishing  Twitter  empathy  society  social  society  western  society  Gesellschaft  civic  society  common  good  soziologie  sociopath  narcissism  well  being  crony  capitalism  Leadership  human  resources  management  character  democracy  Career  Politicians  bullying  civil  courage  civil  society  courage  Zivilcourage  Zivilgesellschaft  ego  No  Representation  trust  Policy  Makers  compromise  psychopath  Wall  Street  GFC  investment  banking  confidence  identity  national  identity  compassion  parenting  only  child  Failu 
july 2015 by asterisk2a
Münchau: Merkel zwischen Schuldenkonferenz und Grexit - SPIEGEL ONLINE
[ Groesste feigheit und intelectual cynicism of EU history. "Alternativlos." BIS warned, time was wasted. ] Mit ideologischer Verbohrtheit beharren die Deutschen darauf, dass Griechenland all seine Kredite zurückzahlen muss - was so oder so nicht geschehen wird. Höchste Zeit also für eine Schuldenkonferenz! // Case of history - Treaty of Versailles = Nationalism (Nazi) and Rechtsruck! Happened in Greece and Co. and in Germany. // People learned and after WW2 and came together to give Europe a chance! >> London Debt Agreement (German: Londoner Schuldenabkommen) "An important term of the agreement was that repayments were only due while West Germany ran a trade surplus, and that repayments were limited to 3% of export earnings. This gave Germany’s creditors a powerful incentive to import German goods, assisting reconstruction." - bit.ly/1exF0vY bit.ly/1ep1dvW - also periphery countries like France, Italy, Spain and Portugal were encouraged by Allies not to demand war reparations.
Greece  Grexit  PIIGS  PIGS  sovereign  debt  crisis  debtoverhang  ideology  propaganda  WW1  WW2  Treaty  of  Versailles  debt  jubilee  European  History  London  Agreement  Londoner  Schuldenabkommen  common  good  common  sense  Gesellschaft  dogma  populism  economic  society  austerity  trickle-down  economics  long-term  view  long-term  thinking  solidarity  Angela  Merkel  IMF  Troika  Wolfgang  Schäuble  World  Bank  Jean-Claude  Juncker  ChristineLagarde  academia  academics  sustainable  sustainability  Super  Cycle  debt  restructuring  haircut  debt  bubble  TBTF  too  big  to  jail  toobigtofail  crony  capitalism  Career  Politicians  No  Representation  Leadership  Legacy  vision  European  Union  fiscal  transferunion  Eurobond  lost  decade  lost  generation  GroKo  Sigmar  Gabriel  manufactured  consent  corporate  state  democracy  Lügenpresse  political  theory  political  error  political  economy  political  folly  policy  folly  policy  error  ECB  MarioDraghi  Makers  Great  Depression  GFC  recovery  output  gap  bailout  zombie  banks  banking  EuropeanSystemicRiskBoard  BIS 
july 2015 by asterisk2a

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