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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
The worst economic system - except for all the rest? - BBC News
A history of capitalism - and Marx - in 233 seconds - http://www.bbc.co.uk/news/magazine-31817997 // part 3 http://www.bbc.co.uk/news/magazine-31818000 - Milton v Keynes: 20th Century capitalism and the role of the state (greed vs common good) // part 4 - http://www.bbc.co.uk/news/magazine-31818387 - The modern face of capitalism - with 18th Century principles?
Thomas  Piketty  Karl  Marx  economic  history  crony  capitalism  capitalism  profit  maximisation  book  Gini  coefficient  inequality  Wall  Street  shareholder  value  income  mobility  social  mobility  downward  mobility  social  safety  net  tax  avoidance  tax  evasion  corporate  governance  ethical  machine  moral  beliefs  ethical  beliefs  fairness  GFC  austerity  Career  Politicians  No  Representation  greed  common  good  income  inequality 
march 2015 by asterisk2a
Susan Crawford on Why U.S. Internet Access is Slow, Costly, and Unfair - YouTube
Is Net Neutrality Dead? - youtube.com/watch?v=h3bIDRM8l2A ""pressure from ISP and Cable Provider lobby in Washington not to call them a utility"" - http://www.huffingtonpost.com/2013/02/13/susan-crawford-internet_n_2670127.html - https://www.youtube.com/user/MoyersandCompany/search?query=Crawford +++ Bill Moyers Essay: As the SEC Door Revolves - v=pqA4RGI5i8A
Susan  Crawford  USA  Europe  Net  Neutrality  ISP  Cable  Provider  oligopoly  revolving  door  lobby  Lobbying  lobbyist  fiduciary  responsibility  public  utility  public  good  WallStreet  presidency  barackobama  book  infrastructure  investment  infrastructure  digital  divide  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  productivity  social  mobility  income  mobility  Gini  coefficient  inequality  Tom  Wheeler  democracy  barriers  to  entry  trust  trustagent  antitrust  Career  Politicians  transparency  accountability  governance  Don't  be  evil  corporate  governance  choice  marketplace  efficiencies  marketplace  marketplace  inefficiencies  innovation  market  plurality  marketplace  plurality  pluralistic  society  pluralism  plurality  utilities  internet  tiering  internet  metering  Access  oversight  short-term  thinking  FCC  public  policy  leadership  Vision  national  interest  public  interest  Principle  regulators  self-regulation  regulation  deregulation  discrimination  Google  Fiber  greed  crony  capitalism  corporatism  capitalism  Comcast  AT&T  Verizon  TimeWarner 
may 2014 by asterisk2a

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