asterisk2a + super + meritocratic   44

(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
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
Tax evaders exposed: why the super-rich are even richer than we thought | Inequality | The Guardian
The higher one moves up the wealth distribution, the higher the probability ​​of hiding​ assets [...] More broadly, the key to successfully fighting tax evasion is to change the incentives for the providers of wealth concealment services. Over the last few years, a number of banks have pleaded guilty in the US to criminal conspiracies to defraud the Internal Revenue Service – yet they were able to keep their banking licences, and the fines they had to pay paled in comparison to their profits. A more ambitious approach would put criminal organisations out of business. If tax evasion ceases to pay, it will disappear.
UK  tax  evasion  avoidance  taxation  corporate  welfare  asset  capital  Thomas  Piketty  lobby  Delaware  USA  Luxembourg  Ireland  offshore  banking  money  laundering  Super  Rich  1%  Plutocracy  Oligarchy  revolving  door  KPMG  PanamaPapers  Switzerland  moral  ethics  crime  White-collar  HMRC  Austerity  gini  coefficient  inequality  social  mobility  income  poverty  trap  state  Meritocracy  Meritocratic 
june 2017 by asterisk2a
Does The Myth of Meritocracy show us how to alleviate inequality?
No debate about social mobility is complete without reference to the supposedly halcyon days of the 1950s and 1960s. The class fluidity of those decades, however, was not the result of professions becoming more meritocratic. It was caused by an unprecedented rise in the number of middle-class jobs: there was more room at the top. [...] Bloodworth writes that 21st-century society is characterised by a dwindling of professional jobs and more people slipping downwards: there is “more room at the bottom”. [...] Globalisation has created what the economist Robert H Frank calls “winner-takes-all” markets
downward  mobility  social  mobility  income  mobility  inequality  Paul  Mason  book  post-capitalism  James  Bloodworth  Gini  coefficient  income  distribution  structural  unemployment  long-term  unemployment  skill  gap  skills  gap  skill  mismatch  skill-biased  technological  change  AI  artificial  intelligence  globalisation  globalization  rising  middleclass  squeezed  middle  class  BRIC  Manufacturing  economic  history  sociology  Brexit  Identitypolitics  Identitätspolitik  career  ladder  education  bubble  education  cost  autonomous  car  autonomous  cars  self-driving  cars  augmented  intelligence  Robotics  Robots  automation  neoclassical  economics  Chicago  School  trickle-down  economics  trickle-down  effect  1%  10%  20%  working  poor  Precariat  credit  card  credit  card  debt  consumerism  consumerist  austerity  bank  bailout  capitalism  in  crisis  neoliberal  neoliberalism  crony  capitalism  tax  evasion  tax  avoidance  Baby  Boomers  babyboomers  Elizabeth  Warren  Joseph  Stiglitz  poverty  trap  poverty  child  poverty  rentier  rent-seeking  winner  take  all  monopoly  monopsony  conglomerate  multinational  Toff  Privileged  Establishment  No  Representation  Politicians  career  politician  Centrist  meritocracy  meritocratic  plutocracy  oligarchy  capitalism 
july 2016 by asterisk2a
Stocks are up. But it appears to us that the U.S. economy is going down. Go figure.
velocity is at 57yr low - WOW! the money that is in circulation is in less hands! the econ expanded according to GDP, but less and less $ reach on avg each hand. - "This is serious. The velocity of money tracks how often each dollar is used to buy something in the economy. Falling velocity shows that consumers and business are pulling back… becoming more reluctant to spend and invest… downsizing… and holding onto dollars rather than spending them. This has a similar effect as reducing the supply of money bidding for goods and services. Prices drop. Deflation, in other words. The bubble has developed a leak. The hot air is gushing out." //&! bit.ly/1MOxc9A //&! research.stlouisfed.org/fred2/series/M2V &! pieria.co.uk/articles/getting_things_wrong_federal_reserve_style - it is associated with stagnant NGDP [...] demand problem.
monetary  velocity  liquidity  trap  Richard  Koo  nominal  GDP  targeting  GDP  measurement  GDP  recovery  reflate  reflation  economic  history  money  supply  Fed  fiscal  policy  monetary  policy  Gini  coefficient  inequality  economic  harm  economic  damage  GFC  crony  capitalism  shareholder  capitalism  Greed  profit  maximisation  profit  maximization  squeezed  middle  class  Elizabeth  Warren  Joseph  Stiglitz  Paul  Krugman  Robert  Reich  Thomas  Piketty  2016  UK  USA  secular  stagnation  Pact  fiscal  stimulus  austerity  Schuldenbremse  social  mobility  income  mobility  working  poor  Precariat  low  pay  low  income  Service  Sector  Jobs  Zero  Hour  Contract  Contractor  self-employment  inflation  targeting  microeconomic  policy  macroeconomic  policy  Super  Rich  1%  plutocracy  oligarchy  capitalism  capitalism  in  crisis  self-regulation  book  shareholder  value  Wall  Street  meritocracy  meritocratic  post-racial  America  barackobama  Larry  Summers  Bernie  Sanders  Establishment  Privileged  deregulation  bank  bailout  social  safety  net  welfare  state  aggregate  demand 
april 2016 by asterisk2a
The Growth Trap
[ growing for growth sake! vs growing in a world/area that is not conducive to grow ] When Twitter went public in 2013, its stock soared and its value jumped to $25 billion. Its founders and early investors got rich. But since then, the company has been considered a failure, despite the fact that it boasts 320 million active users, because it's not growing fast enough. Douglas Rushkoff, author of "Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity," talks to Steve Paikin about why he sees the push for more growth as dangerous. // true capitalists (shareholder, crony, greedy) w/o self-regulation or governance extract all the value there is to extract and then leave, dispersing it to the few who already have [...] WE MUST REWRITE THE RULES OF THE GROWTH GAME ITSELF! [...] you want to optimise the economy based on velocity of money (circulation of money), not share price and value extraction [...]
Venture  Capital  Unicorn  shareholder  capitalism  Greed  shareholder  value  profit  maximisation  profit  maximization  Wall  Street  Wall  Street  activists  Yahoo!  Google  Inc.  Alphabet  Inc.  Microsoft  IBM  Intel  Oracle  capitalism  exploitation  Super  Rich  short-termism  short-term  thinking  1%  plutocracy  oligarchy  M&A  economic  growth  growth  round  Mutual  Fund  macroeconomic  policy  secular  stagnation  Private  Equity  MBO  Pivot  IPO  dividends  prosperity  Start-Ups  Start-up  s&p500  pension  scheme  pension  finite  resources  resource  depletion  economic  history  creative  destruction  share  buyback  Apple  capitalism  in  crisis  capitalist  Uber  monopoly  oligopol  oligopoly  antitrust  corruption  western  world  squeezed  middle  class  emerging  middle  class  BRIC  business  cycle  company  book  cost  center  overhead  costcutting  operating  performance  operating  margin  globalisation  globalization  Universal  Basic  Income  artificial  intelligence  AI  augmented  intelligence  Robotics  automation  structural  unemployment  materialism  consumerism  status  anxiety  disenfranchise  disenfranchised  youth  unemployment  post-capitalism  Mobile  Banlieue  deprivation  poverty  trap  poverty  meritocracy  meritocratic  Gini  value  coefficie 
april 2016 by asterisk2a
Casino Jack and the United States of Money (2010)
Director: Alex Gibney / Writer: Alex Gibney //&! https://youtu.be/zY5UuWkVq8g //&! all the bad fish got away! only the shark got caught // party and campaign financiers; wall street: fossil fuel followed by the emergence of silicon valley firms. // congress does not serve american people. average citizen does not have a voice. ... congress need of money exploited, fighting each other with more and more money! getting a leg up on your opponent. who they get the money to be elected or re-elected? those who have already money! [...] public finance would end it!
USA  corruption  Greed  bribery  revolving  door  PAC  Super  PAC  presidential  election  2016  shareholder  capitalism  profit  maximisation  profit  maximization  exploitation  Washington  Lobbying  lobby  lobbyist  Career  Politicians  Jack  Abramoff  campaign  donation  campaign  finance  Party  Funding  constituency  trust  Wall  Street  shareholder  value  global  warming  environmental  damage  self-regulation  regulation  regulators  ecological  damage  GFC  Enron  Worldcom  bank  bailout  TBTF  too  big  to  fail  too  big  to  bail  too  big  to  jail  conglomerate  multinational  tax  evasion  tax  amnesty  tax  avoidance  money  laundering  influence  peddling  Special  Interest  Group  groups  vested  Fossil  fuel  industry  Silicon  Valley  subprime  No  Representation  post-racial  America  American  Dream  plutocracy  oligarchy  Super  Rich  1%  democracy  meritocracy  meritocratic  Gini  coefficient 
april 2016 by asterisk2a
No one would listen to Stephen Fry if he was poor
Now he expects us to join him in condemning people who have been affected by events they could not possibly control.

And there are many of them. A recent study found that up to 80% of abused people had at least one psychiatric disorder by their 21st birthday: depression, anxiety, thoughts of suicide. Schoolyard bullying can be just as destructive, with one study arguing that bullying carried out by other children is five times more likely than neglect or abuse at home to cause anxiety.

Just as the body’s immune system is still forming in childhood, so too is the brain’s stress response. The effects of childhood trauma cannot be overstated: abuse, sexual abuse in particular, is devastating. Children need love, and they need to feel safe. [...] “freedom from prejudice” v “freedom of expression” [...] [being] voiceless
Platform  Platforming  freedom  of  speech  freedom  of  prejudice  prejudice  LGBTQIASP  discrimination  social  discrimination  freedom  of  expression  Twitter  Media  democracy  YouTube  straight  white  male  privilege  white  male  privilege  male  privilege  Privileged  Establishment  Toff  Super  Rich  1%  plutocracy  oligarchy  No  Representation  Career  Politicians  nepotism  meritocracy  meritocratic  Gini  coefficient  social  mobility  income  mobility  diversity  Germaine  Greer  Stephen  Fry  Homophobia  homophobic  Transphobic  transphobia  hate  speech  hate  crime  victim  minority  publishing  2.0 
april 2016 by asterisk2a
Workers or Shirkers? Ian Hislop's Victorian Benefits
An entertaining, provocative film in which Ian explores the colourful history behind one of the most explosive issues of our times - welfare: who deserves to be helped, and who doesn't. [... ] all hate, no heart. just spreadsheets. at Whitehall, no 11. [...] Benefit Street = victorian freak show/circus of curiosities [...] writing about others, "othering" them. demonising them or putting them on pedestals, making them saints. [...] IDS "a single mother wo aspiration is a product of the system" would correct that, a product of her environment (society) [ie gentrification - poor living w poor door to door. and everyone is looking down on them.].
Universal  Basic  Income  class  warfare  poverty  trap  child  poverty  tax  credit  tax  free  austerity  DWP  Iain  Duncan  Smith  ESA  JSA  WCA  Disabled  vulnerable  mental  health  civil  society  Gesellschaft  Gesellschaftswerte  substance  abuse  self-medication  deprivation  structural  unemployment  poverty  drug  addiction  drug  abuse  Public  Services  Social  Services  NHS  sick  population  capitalism  Soziale  Marktwirtschaft  Soziale  Gerechtigkeit  society  moral  beliefs  ethics  philosophy  Universal  working  poor  low  pay  low  Precariat  precarious  work  mobility  mobility  education  policy  Gini  coefficient  economic  history  Super  Rich  1%  Establishment  Privileged  Toff  No  Representation  Career  Politicians  squeezed  middle  class  class-warfare  Sozialpolitik  Integrationspolitik  immigration  migration  UK  microeconomic  policy  macroeconomic  policy  meritocracy  meritocratic  stigma  Food  Bank  crony  capitalism  bailout  corporate  welfare  tax  evasion  tax  amnesty  tax  avoidance  shareholder  capitalism  lobby  revolving  door  ladder  Service  Sector  Jobs  aggregate  demand  fairness  Zero  Hour  Contract  part-time  incentive  self-employment  Contractor  working  class  Trade  Union  neoliberal  neoliberalism  Workers  Rights  Workers  Union  economic  justice  economic  tax  welfare  welfare  poverty  education  oppo 
april 2016 by asterisk2a
Im Zweifel links: Nimm, was du kriegen kannst!
Der globale Kapitalismus macht die ganze Welt zum Spielplatz der Reichen. Die Panama Papers erinnern daran: Nicht die Flüchtlinge sind unser Problem - sondern die Steuerflüchtlinge. //&! Die Mensch-Maschine: Leak ist Pop! Die Inszenierung übertrumpft die Inhalte: Die Panama Papers zeigen, wie sich die Bedeutung von Leaks verändert hat. Jeder liest darin, was er eh schon immer geglaubt hat. - bit.ly/25MV0AF //&! Briefkastenfirmen zerstören die Marktwirtschaft - bit.ly/1q2Vt0S //&! taz.de/!5289286/ //&! Die Panama Papers und das „Lügenpresse“-Dilemma - bit.ly/1VbfejK //&! bit.ly/1N6I1ya - kapitalistische Medienlogik //&! bit.ly/1SGNSfA - NO NYT //&! bit.ly/1PQor9j //&! cynycism wrong reaction - bit.ly/1SnKVjC
Panama  Papers  1%  Super  Rich  oligarchy  plutocracy  tax  evasion  tax  amnesty  tax  avoidance  austerity  budget  deficit  accounting  scandal  corporate  scandal  shareholder  capitalism  crony  capitalism  bank  bailout  Whistleblower  leak  Soziale  Marktwirtschaft  income  distribution  inequality  Gini  coefficient  meritocracy  meritocratic  American  Dream  money  laundering  Lügenpresse  trust  Career  Politicians  No  Representation  revolving  door  Wikileaks  investigative  journalism  journalism  offshore  banking  Schwarzgeld  Schwarze  Kassen  corruption  bribery  legal  loopholes  lobby  revolving  door  Party  Funding  campaign  finance  NYT  neoliberal  trickle-down  economics  neoliberalism  free  market  self-regulation 
april 2016 by asterisk2a
Discussing the IMF’s research on inequality - an interview with Andrew Berg
Inequality and Unsustainable Growth (2011) - imf.org/external/pubs/ft/sdn/2011/sdn1108.pdf - what are the determinants of sustained growth (answer a middle class). phases of growth. institutional governance (tax evasion and tax avoidance). lobby, revolving door, no representation, career politicians. [...] redistribution should have win-win effect. //&! Richard Wilkinson: How economic inequality harms societies - youtu.be/cZ7LzE3u7Bw - national income per head (average) is not reflective (correlates) for health and child well-being measures, social capital (volunteering, Tories Big Society), mental health, prison population, social mobility. that is why Tories redefined fuel poverty & child poverty! That is why nominal GDP targeting is double edge sword (tax evasion and average national income per head, and being dependent on a industry for GDP (ie Brazil and resources, or south UK and banking - 80% of 2015 growth was consumtion). Leads to status anxiety & materialism/
inequality  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  squeezed  middle  class  working  poor  CEO  pay  shareholder  capitalism  IMF  western  world  Super  Rich  1%  plutocracy  oligarchy  discretionary  spending  disposable  income  Generation  Rent  poverty  poverty  trap  meritocracy  meritocratic  income  distribution  American  Dream  child  poverty  Thomas  Piketty  income  growth  income  inequality  income  mobility  Gini  coefficient  social  mobility  income  redistribution  Universal  Basic  tax  credit  tax  free  income  tax  evasion  tax  amnesty  tax  avoidance  HMRC  Political  Governance  Career  Politicians  revolving  door  Lobbying  lobby  lobbyist  No  Representation  Niall  Ferguson  secular  stagnation  Elizabeth  Warren  Precariat  job  insecurity  welfare  state  social  safety  net  nominal  GDP  targeting  WHO  consumerism  materialism  status  anxiety  values  social  status  self-esteem  mental  health  well  being  GNP 
april 2016 by asterisk2a
Why Hillary Clinton’s ‘super-predator’ concession is such a big moment for political protest - The Washington Post
Clinton’s 1996 speech included some language about these so-called super-predators implying that they were a generation of guilt- and compassion-free sociopaths who, in the interest of society, simply had to be contained. [...] Clinton seemed audibly and visibly irritated, saying she would answer if allowed to speak and then, even more notably, “that no one had ever asked her that before.” Then, Clinton essentially moved on with her regularly scheduled fundraising program. There was no accounting, partial or full, for her 1996 position nor how she arrived at her 2016 stance on criminal justice reform. Moving on. [...] Clinton decided to offer an apology for using that “super-predator” and “brought to heel” language. In the 1990s both were part of a relatively popular but now largely discredited theory about rising youth crime. [ tough on crime was] effective tactic with white voters, because in the [US] there are a whole host of persistent stereotypes abt race & criminality.
Hillary  Clinton  prison–industrial  complex  mandatory  minimum  sentences  War  on  Drugs  Beschaffungskriminalität  economic  justice  System  Bail  racial  profiling  post-racial  America  racial  discrimination  meritocracy  meritocratic  American  Dream  Career  Politicians  No  Representation  social  democracy  plutocracy  oligarchy  Super  Rich  1%  Integrationspolitik  Sozialpolitik  downward  mobility  social  mobility  income  mobility  youth  crime  youth  unemployment  deprivation  Perspektivlosigkeit  trickle-down  economics  USA  neoliberalism  neoliberal  social  safety  net  welfare  state  recidivism  rate  Rehabilitation  presidential  election  2016  double  standard  stereotype  bias  prejudice  crime  white-collar  crime  public  sentiment  public  perception  public  opinion  Bill  Clinton  presidency  barackobama  judgement  snap  judgement  injustice  MLK  child  poverty  poverty  trap  food  poverty  mental  health 
february 2016 by asterisk2a
TWiST - E622 by TWiStartups
when displaced through technology "labour will find eventually more productive uses." // creative cognitive non-repetitive work is safe // more bounty // have to have social safety net! general welfare "complex issue" to tax the 1% for that ... // 40:50 Pakistan, Drone Warfare, one hand does x other hand does y ... see PBS Frontline on Iraq war. Also Fahrenheit 9/11. Cablegate. harbouring taliban, al-quaida, refuge and supplying them.
automation  Robotics  AI  artificial  intelligence  augmented  intelligence  self-driving  cars  autonomous  car  Mobile  Creatives  Mobile  Creative  creativity  standard  of  living  economic  history  book  Gini  coefficient  meritocracy  meritocratic  American  Dream  inequality  income  distribution  squeezed  middle  class  wage  stagnation  secular  stagnation  income  redistribution  welfare  state  social  safety  net  food  poverty  poverty  trap  child  poverty  poverty  free  market  trickle-down  economics  neoliberalism  neoliberal  fairness  tax  evasion  tax  avoidance  Generationengerechtigkeit  neoconservatism  neoconservatives  Career  Politicians  No  Representation  plutocracy  oligarchy  Super  Rich  1% 
february 2016 by asterisk2a
Politicking: Matt Taibbi on America's 'Injustice System' - YouTube
worship culture of success. [...] jail is for poor people. [...] securities fraud go jail free w fine, and do benefit/welfare fraud, go straight to jail! // For Profit Bail System - on YouTube Vice Channel. //&! Matt Taibbi, "The Divide" - youtu.be/k4CohXkdR0w //&! Matt Taibbi: Minding the Wealth Gap - youtu.be/KiRe1PK3zkM //&! Too Big To Fail, Too Big To Jail: Matt Taibbi, Bernie Sanders Town Hall 2013 - youtu.be/d-nh8DYJvlM //&! Matt Taibbi: The Conspiracy To Destroy Our Pensions - youtu.be/ZIDfyfXDGME //&! Matt Taibbi explores US criminal injustice with Bill Maher - youtu.be/uS9LHBPTM7A //&! The Divide: American Injustice in the Age of the Wealth Gap (w/ Matt Taibbi) - youtu.be/iFl-o7qJHaY
white-collar  crime  mandatory  minimum  sentences  Beschaffungskriminalität  post-racial  America  racial  profiling  economic  justice  injustice  System  Law  &  Career  Politicians  War  on  Drugs  Precariat  deprivation  poverty  trap  USA  Gini  coefficient  prison–industrial  complex  inequality  meritocracy  meritocratic  American  Dream  education  policy  social  mobility  income  mobility  health  inequality  mental  health  mental  illness  chronic  stress  poverty  book  compassion  empathy  Greed  welfare  state  stigma  plutocracy  oligarchy  Super  Rich  1%  Fraud  securities-fraud  social  safety  net  Food  Stamps  Food  Bank  public  sentiment  prejudice  bias  downward  mobility  trickle-down  economics  neoliberalism  neoliberal  neoconservatism  neoconservatives  financial  accounting  scandal  corporate  scandal  lobbyist  lobby  Lobbying  interest  groups  vested  interest  too  big  to  jail  money  laundering  bribery  corruption  DOJ  SEC  presidency  barackobama  GFC  financial  product  economic  history  squeezed  middle  class  working  poor  wage  stagnation  libor  rigging  scandal 
february 2016 by asterisk2a
David Cay Johnston; How The One Percent Enrich Themselves at Government Expense, part 1 - YouTube
min 10 - gov sets the rules and rule define the civilisation and the quality of lives. // min14 - people don't want you to see and know what they are doing [...[ you need journalist who are sceptical about what the gov is saying and telling you what they do, but what the gov is actually doing >> truth tends to lead to better policy << [...] you publish when you have it, not when its good timing. // 23:40 - moral point of Super Rich and tax evasion/avoidance.Andrew Mellon. Adam Smith and the Bible: taking from the poor and giving it to the rich. is a denounced evil. you society will come to ruins. AND HERE COMES DAVID CAMERON in his christmas/new years message with CHRISTIAN VALUES! What a liar, what a hypocrite. - ind.pn/1ZqA8eh - David Cameron says Christian values make Britain successful. Why? - bit.ly/1WTGAJd &! bit.ly/1JwfUqp &! bbc.in/1ZqpPqG - << DWP Sanctions //32:40 flawed policy by flawed public understanding how the economy works and politics - disconnected from reality! -
tax  evasion  tax  avoidance  HMRC  free  press  investigative  journalism  FOI  Freedom  of  Information  Act  journalismus  journalism  tax  credit  fairness  Generationengerechtigkeit  austerity  neoliberalism  neoliberal  Super  Rich  1%  oligarchy  plutocracy  Rupert  Murdoch  Westminster  revolving  door  book  George  Osborne  David  Cameron  nasty  party  Conservative  Toff  Privileged  Establishment  No  Representation  democracy  social  democracy  progressive  tax  code  tax  code  renewable  energy  UK  gag  order  morality  moral  beliefs  squeezed  middle  class  GDP  productivity  working  poor  precarious  work  Precariat  Zero  Hour  Contract  part-time  minimum  wage  child  tax  credit  working  tax  credit  Wall  Street  profit  maximisation  shareholder  value  self-regulation  Greed  lobbyist  lobby  Lobbying  Career  Politicians  Religion  IRS  trickle-down  economics  underinvestment  public  investment  education  policy  inequality  income  inequality  health  inequality  Gini  coefficient  social  mobility  income  mobility  American  Dream  meritocracy  meritocratic  public  utility  Services  Services  USA  western  world  secular  stagnation  poverty  DWP  vulnerable  Disabled  Iain  Duncan  Smith  mental  health  NHS  Joseph  Stiglitz  Elizabeth  Warren  Pa 
january 2016 by asterisk2a
Fred Block: The Tenacity of the Free Market Ideology - YouTube
Fred Block discusses his book “The Power of Market Fundamentalism,” which extends the work of the great political economist Karl Polanyi to explain why free market dogma recovered from disrepute after the Great Depression and World War II to become the dominant economic ideology of our time. // wo state role there would be no market system. // need social democracy in complex diverse society - representing people // freedom in complex diverse society = free of hunger and economic uncertain & freedom of nonconformity - protections, no marginalisation, no economic punishment // social democracy and free market are both Utopias // Thatcher & Co blaming State for malaise! nobody likes technocratic arguments, leaves public out, thus was able to make big return. // wealth creation through efficiency route takes more work and capital than predation (rentier/rent seeking) - ie relaxing fuel efficiency savings regulation for Detroit back in the days // trust that state can support innovation
economic  history  freemarkets  free  market  neoliberalism  self-regulation  neoliberal  book  macroprudential  policy  macroeconomic  policy  microeconomic  policy  Chicago  School  USA  UK  social  democracy  capitalism  dogma  ideology  austerity  trickle-down  economics  globalization  globalisation  borderless  flat  world  Greed  boom  and  bust  crony  capitalism  plutocracy  oligarchy  Super  Rich  1%  democracy  revolving  door  Career  Politicians  No  Representation  social  mobility  American  Dream  meritocracy  meritocratic  Alain  de  Botton  philanthropy  profit  maximisation  shareholder  value  Wall  Street  Gini  coefficient  income  mobility  education  policy  welfare  state  social  safety  net  Supply  and  Demand  market  economy  Demand  and  Supply  JohnMaynardKeynes  keynes  Keynesianism  GFC  Great  Moderation  Great  Depression  Utopia  Ronald  Reagan  Margaret  Thatcher  rentier  rent-seeking  predation  financial  product  wealth  creation  R&D  STEM  productive  investment  productivity  output  gap  public  investment  underinvestment  infrastructure  investment  competitive  competitiveness  M&A 
january 2016 by asterisk2a
James Galbraith, Kate Pickett, Branko Milanovic - Consequences of Inequality and Wealth Distribution - YouTube
free education / land value tax / higher inheritance tax / abolition of private education / more progressive taxation / combat tax avoidance and tax evasion / ... Universal Basic Income //&! New Theoretical Perspectives on the Distribution of Income and Wealth Among Individuals - youtu.be/RO8KWTb2iPM - w Joseph Stiglitz and Paul Krugman --- distinguishing between wealth and capital. ignore land (free yourself from Ricardo). land. credit. //&! David Cay Johnston: The Perils Of Our Growing Inequality - David Cay Johnston about his new book, Divided: The Perils of Our Growing Inequality. - youtu.be/ok7ZJ8mS19Y
inequality  income  inequality  Gini  coefficient  education  policy  income  distribution  income  redistribution  tax  free  income  income  mobility  social  mobility  health  inequality  gender  inequality  trickle-down  economics  neoliberalism  neoliberal  welfare  state  social  safety  net  progressive  tax  code  Super  Rich  1%  oligarchy  plutocracy  social  democracy  No  Representation  Career  Politicians  democracy  tax  evasion  tax  avoidance  Universal  Basic  inheritance  tax  financial  literacy  wealth  distribution  wealth-distribution  transferring-wealth  Thomas  Piketty  Joseph  Stiglitz  Robert  Reich  squeezed  middle  class  globalization  globalisation  Paul  Krugman  Elizabeth  Warren  austerity  fairness  Generationengerechtigkeit  fiscal  policy  economic  growth  Supply  and  Demand  Demand  and  Supply  disposable  income  discretionary  spending  credit  bubble  GFC  recovery  monetary  policy  debt  servitude  consumer  debt  household  debt  Student  Loan  debt  debt  credit  card  debt  credit  card  economic  history  macroeconomic  policy  microeconomic  policy  competitiveness  productivity  knowledge  worker  book  monopoly  oligopoly  oligopol  American  Dream  meritocracy  meritocratic  post-racial  America  free  market  freemarkets  dogma  ideology 
january 2016 by asterisk2a
How would you pull a Big Short in 2016? | Paul Mason | Opinion | The Guardian
The same institutions that were parading their restraint, largesse and deep concern for humanity in Davos last week are condemned in the movie by the designer of the “short”, Mark Baum, in the following terms: “We’re living in an era of fraud in America. Not just in banking. But in government, education, food, religion, journalism, prisons, baseball ... Somehow, American values became: Fuck it, let’s grab what we can for now and the hell with tomorrow.”
American  Dream  Fraud  crony  capitalism  capitalism  self-regulation  oversight  white-collar  crime  accountability  shared  economic  interest  Greed  meritocracy  meritocratic  GFC  banking  crisis  economic  history  financial  crisis  business  cycle  financial  cycle  economic  cycle  trickle-down  economics  neoliberalism  neoliberal  plutocracy  oligarchy  Super  Rich  1%  social  democracy  democracy  No  Representation  Career  Politicians  revolving  door  lobbyist  lobby  Lobbying  exploitation  globalization  globalisation 
january 2016 by asterisk2a
Thomas Piketty on Capitalism, Corbyn and why Zuckerberg is getting it wrong - BBC Newsnight - YouTube
home ownership in UK is biggest item of UK's household wealth. 2/3rd of housing is owned. other 3rd is rented. that is why the property bubble/prices have to be kept afloat. otherwise balance sheet recession > deleveraging > debt servitude > lower consumption rate > cratering UK economy as ~70% of UK economy is based on consumption. // blaming others (ISIS) for radicalization. but who put them in this place to be radicalized, in the first place? inequality, youth unemployment. // COP21, western world do not face their historical obligation! // world wealth and income database - www.wid.world
philanthropy  Thomas  Piketty  Mark  Zuckerberg  Bill  Gates  social  mobility  income  mobility  Gini  coefficient  meritocracy  meritocratic  Alain  de  Botton  UK  George  Osborne  property  bubble  tax  code  progressive  taxation  Help  to  Buy  Scheme  Buy  to  Rent  rent-seeking  rentier  generation  GFC  bank  bailout  austerity  fairness  Generationengerechtigkeit  Tories  Conservative  Party  David  Cameron  budget2015  inequality  income  inequality  youth  unemployment  radicalization  islamic  radicalism  radicalisation  Islamophobia  ISIS  disenfranchise  disenfranchised  Perspective  Perspektivlosigkeit  COP21  debt  servitude  Super  Cycle  household  debt  private  debt  credit  card  debt  car  loan  credit  card  consumer  debt  debtoverhang  2015  2016  fiscal  policy  Makers  vested  interest  interest  groups  monetary  policy  ZIRP  NIRP  QE  distortion  Super  Rich  1%  plutocracy  democracy  No  Representation  social  democracy  Career  Politicians  constituency  babyboomers  general  election  2015  election  campaign  promises  Manifesto 
january 2016 by asterisk2a
Congress OKs year-end budget deal, sends to Obama
$680 billion tax package extending dozens of breaks touching all sectors of the economy, making several of them permanent & tossing the entire cost onto the deficit. [pork barrels] [...] But they boasted of using their leverage, veto threats from Obama & the GOP's craving for the oil export ban to extract numerous concessions from Republicans, including five-year extensions of solar and wind tax credits, a top goal for Reid. And they blocked numerous policy "riders" Republicans sought on the environment and other issues. "They wanted big oil so much that they gave away the store," Pelosi gloated [...] The bill extends more than 50 expiring tax cuts, with more than 20 becoming permanent, including credits for companies' expenditures for research and equipment purchases, and reductions for lower-earning families and households with children and college students. Ryan cited the lifting of the oil export ban, the large increase for the Pentagon & curbs on the activities of EPA & IRS
corporate  tax  rate  subsidies  subsidizing  corporate  welfare  trickle-down  economics  neoliberalism  neoliberal  lobbyist  lobby  Lobbying  fairness  presidency  barackobama  austerity  USA  GFC  bank  bailout  budget  deficit  globalization  globalisation  revolving  door  democracy  social  democracy  No  Representation  Career  Politicians  corporate  scandal  accounting  scandal  economic  history  Gini  coefficient  inequality  Super  Rich  1%  meritocracy  meritocratic  social  mobility  income  mobility  American  Dream  compromise  IRS  EPA  Pentagon  military–industrial  complex  War  on  Terror  CISA 
december 2015 by asterisk2a
Cornel West and Richard Wolff talk about Capitalism and White Supremacy - YouTube
individualism tends to capitalism (each their own coloured widget) vs individuality of the individual. don't mistake the one for the other and you can't achieve the same happiness and well-being with just individualism because it is also based on constant consumption. // what people leave out of socialism and the pundits decry over it. is democracy. democratic socialism. // Plutocracy is undercutting its ability to survive! Problem, the system will take us down with it. // We got ecological catastrophe on our doorstep. Nuclear catastrophe. And Capitalisms catastrophe. //&! Ceased all power and rendered the citizen powerless. This is no capitalistic democracy. This is crony capitalism. - Chris Hedges June 8, 2015 - youtu.be/iA41ggsdeXE - capitalism has no internal constraints. remove external constraints & it will see & use everything (private free market enterprise) as replaceable & commodity w a price (even the planet): the environment, workers health. &! non-violent revolution!
Richard  Wolff  Cornel  West  democracy  capitalism  individuality  Workers  Union  Trade  Union  crony  capitalism  exploitation  individualism  economic  history  well  being  zombie  consumer  aspirational  product  consumerist  consumerism  wage  slave  debt  servitude  Marxism  Karl  Marx  book  consumption  free  market  socialism  Career  Politicians  No  Representation  Super  Rich  1%  lobbyist  lobby  Lobbying  post-racial  America  Gini  coefficient  inequality  USA  UK  dogma  ideology  trickle-down  economics  working  poor  precarious  work  Precariat  meritocracy  meritocratic  interest  groups  vested  interest  social  tension  social  cohesion  plutocracy  Elite  oligarchy  ecological  disaster  environmental  disaster  economic  damage  global  warming  climate  change  mass  extinction  extreme  weather  weather  extreme  White  Supremacy  Religion  extremism  radicalism  activists  activism  tax  evasion  tax  avoidance  TTIP  TPP  NAFTA  CETA  TISA  GFC  bank  bailout  fairness  corporate  welfare  austerity  revolving  door  Surveillance-Industrial  Complex  military–industrial  prison–industrial  medical-industrial  CAFTA  accountability  oversight  transparency  corporate  corporate  corporate  corporate  corporate  corporate  corporate  social  s 
october 2015 by asterisk2a
New Research Documents Growth of Extreme Poverty in US | BillMoyers.com
In $2.00 a Day: Living on Almost Nothing in America, Edin and Shaefer trace this disturbing trend to the 1996 welfare law, which has gradually but inexorably gutted the cash assistance safety net for families with children. Attention to this often neglected side of our nation’s extreme economic inequality is especially timely as policymakers from both parties consider reauthorizing the 1996 welfare law. As the book vividly shows, we are long overdue to take a different path — one that upholds our nation’s values, including our responsibility to protect and empower the most vulnerable by eliminating extreme poverty.
USA  food  poverty  poverty  child  poverty  poverty  trap  inequality  Gini  coefficient  social  mobility  income  mobility  book  vulnerable  welfare  state  social  safety  net  precarious  work  working  poor  squeezed  middle  class  Sozialer  Abstieg  economic  history  American  Dream  meritocracy  meritocratic  Super  Rich  1% 
september 2015 by asterisk2a
Thom Hartmann "The Crash of 2016" - YouTube
7:10 American Dream not abt being Super Rich, part of 1%, self-made millionaire. American Dream is abt live a good life, meaningful work. Launch children into world. Edu. Vacation. & Left over 4 retirement. having a voice; Workers Union. Health Care. Some little savings. Retirement Fund. // Wages did not keep up with productivity gains, if they had, minimum wage would be about $22! - bit.ly/1NZLVwc // 1trn$ in student loans/debt! that is what post-war gen had in assets! // (neoliberalism and neoconservative) Think Tanks; like Kato Institute, produce papers that are pushed to media 'getting our message across' (control media), also control over our justice system, & control over our education (our story, ie X Prof and read Ayan Rand). // Middle Class once invested in college & university. Was seen as intellectual class, society pillar. Till the last 32 years. // cites Fourth Turning book! // re-peat of 1929, = GFC // &! youtu.be/nUWaXZWhnqA &! youtu.be/polYrI4Us84
American  Dream  inequality  democracy  meritocracy  meritocratic  USA  Gini  coefficient  social  mobility  income  mobility  education  policy  neoliberalism  neoliberal  Wall  Street  profit  maximisation  shareholder  value  globalization  globalisation  Robert  Reich  productivity  output  gap  working  poor  precarious  work  Precariat  outsourcing  Zeitarbeit  Leiharbeit  part-time  squeezed  middle  class  Sozialer  Abstieg  skill-biased  technological  change  technological  progress  Robert  Skidelsky  Joseph  Stiglitz  wage  growth  crony  capitalism  Super  Rich  1%  lost  generation  lost  decade  GFC  recovery  western  world  developed  world  dot.com  reflate  reflation  credit  bubble  monetary  policy  fiscal  policy  austerity  bank  bailout  Generationengerechtigkeit  fairness  standard  of  living  student  loan  babyboomers  student  debt  disposable  income  discretionary  spending  zombie  consumer  status  anxiety  trickle-down  economics  economic  history  labour  market  labour  economics  job  creation  job  security  job  market  capital  gains  tax  lobbyist  lobby  Lobbying  Career  Politicians  No  Representation  social  contract  Gesellschaft  Lügenpresse  election  campaign  promises  manufactured  consent  world  wage  change 
september 2015 by asterisk2a
Dan Ariely: Why The Next Market Downturn May Quickly Become A Full-Blown Panic - YouTube
free self-regulated market where winner take all - creates adverse outcomes. //<< Book - The Darwin Economy: Liberty, Competition, and the Common Good by Robert H. Frank - Competition can be devastating if it is about winner take all !!! - youtu.be/hmbfK​DvDrJI - via Dan Ariely // // !!! QE - reflate - hope and pray confidence will come back and economy roars back to health. did not happen. // poverty trap // trend continues w inequality, // post-racial America // inability to get out of bad situation // under banked, payday loan // studies have shown, Americans imagine/think of their countries more equal and just than Sweden // (1) create new financial institution, retail banking serving people (not making 15% profit p/a to give it to share holders even demanding more) like Sparkassen // (2) reform education // (stop damaging) narrative of invisible hand - getting the best out of people // national identity // sense of agency !!!
inequality  QE  competitive  competition  winner  take  all  monopoly  monopsony  book  shared  economic  interest  common  good  Dan  Ariely  China  credit  bubble  ZIRP  NIRP  business  confidence  consumer  confidence  equity  bubble  speculative  bubbles  Super  Rich  1%  asset  bubble  faultlines  structural  imbalance  Impediments  Gini  coefficient  social  mobility  income  mobility  poverty  trap  child  poverty  poverty  USA  UK  Europe  austerity  recovery  2015  social  cohesion  social  tension  social  contract  welfare  state  social  safety  net  education  policy  skill-biased  technological  change  skills  gap  western  world  post-racial  America  Jim  Crow  working  poor  squeezed  middle  class  Sozialer  Abstieg  Germany  food  poverty  budget2015  fairness  Generationengerechtigkeit  Privileged  Toff  Establishment  Public  Services  Services  society  racial  segregation  gentrification  Gentrified  class  segregation  urbanisation  urban  planning  social  housing  affordable  housing  Lügenpresse  manufactured  consent  corporate  media  corporate  state  propaganda  populism  stigma  self-regulation  deregulation  Wall  Street  invisible  hand  crony  capitalism  profit  maximisation  shareholder  value  bank  bailout  TBTF  too  big  to  bail  too  big  to  jail  meritocra 
august 2015 by asterisk2a
Will Advances in Technology Create a Jobless Future? | MIT Technology Review
Who Will Own the Robots? - We’re in the midst of a jobs crisis, and rapid advances in AI and other technologies may be one culprit. How can we get better at sharing the wealth that technology creates? // BY MARTIN FORD - The Great Divide: Unequal Societies and What We Can Do About Them BY JOSEPH E. STIGLITZ &! Inequality: What Can Be Done? BY ANTHONY B. ATKINSON &! The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies BY ERIK BRYNJOLFSSON AND ANDREW MCAFEE // &! Paul Krugman - “A lot of what’s happening [in income inequality] is not just the gods of technology telling us what must happen but is in fact [due to] social constructs that could be different.” - gov policy, corporate policy (ie 4-day work week and 6-hour days because productivity and profit margin do allow for that, and more brings diminished returns etc etc but will that go down well with Wall Street?)
Universal  Basic  Income  tax  evasion  tax  avoidance  crony  capitalism  shared  economic  interest  AI  Software  Is  Eating  The  World  marketplace  efficiencies  mobile  homescreen  mobile  phone  commodity  business  commoditization  Service  Sector  Jobs  Niedriglohnsektor  Future  of  Work  Creatives  Creative  skill-biased  technological  change  skills  gap  skill  mismatch  education  policy  Makers  4-day  week  6-hour  day  productivity  output  gap  secular  stagnation  squeezed  middle  class  working  poor  precarious  1099  Economy  Gig  Economy  self-employment  Zero  Hour  Contract  Contractor  on-demand  convenience  outsourcing  job  creation  job  market  labour  economics  labour  market  neoliberalism  neoliberal  Wall  Street  profit  maximisation  shareholder  value  capitalism  inequality  capital  gains  1%  Super  Rich  meritocracy  meritocratic  tax  code  tax  tax  free  welfare  state  tax  credit  Public  Services  Social  Services  austerity  dogma  manufactured  consent  propaganda  populism  lobbyist  lobby  Lobbying  PR  spin  doctor  Robotics  3D  printing  Manufacturing  STEM  industrial  policy  automation  self-driving  cars  autonomous  car  marginal  cost  economics  of  abundance  safety  net  Gini  inequality  technological  technological  labour  capital 
august 2015 by asterisk2a
If People Understood This One Thing, We Would Have Revolution Overnight - YouTube
Martin Luther King, Jr. was working towards a guaranteed basic income for all when he was killed. Wealth inequality, neoliberalism, the actions of the Federal Reserve, along with the greed and theft of the global elite have made the call for a guaranteed basic income for all even more urgent in 2014 than in the 1960s. [...] In his new book, The Economics of Revolution, DeGraw writes: “Having that much wealth consolidated within a mere 1% of the population, while a record number of people toil in poverty and debt, is a crime against humanity. For example, it would only cost 0.5% of the 1%’s wealth to eliminate poverty nationwide. Also consider that at least 40% of the 1%’s accounted for wealth is sitting idle. That’s an astonishing $13 trillion in wealth hoarded away, unused.” In this clip from the full 30-minute interview, DeGraw points out that the Federal Reserve is already printing money and giving it away to the financial elite.
Universal  Basic  Income  book  MLK  QE  bailout  TARP  USA  tax  code  tax  free  economic  history  Middle  Class  fairness  Super  Rich  1%  recovery  labour  market  labour  economics  happiness  index  incentive  work  life  balance  productivity  output  gap  participation  rate  GFC  POMO  wealth  distribution  poverty  policy  folly  policy  error  short-term  thinking  short-term  view  post-racial  America  Gini  coefficient  social  mobility  mobility  Future  of  neoliberal  neoliberalism  No  Representation  lobbyist  lobby  Lobbying  revolving  door  trickle-down  economics  crony  capitalism  toobigtofail  TBTF  too  big  to  jail  Justice  System  prison–industrial  complex  Bail  American  Dream  meritocracy  meritocratic  UK  equity  bubble  Wall  Street  consumer  confidence  business  confidence  corporate  state  shared  economic  interest  stakeholder  profit  maximisation  shareholder  value  Supply  and  Demand  Demand  and  Supply 
june 2015 by asterisk2a
DECLINE of EMPIRES: The Signs of Decay - YouTube
Chalmers Johnson, author of Blowback, Sorrows of Empire and Nemesis: The Last Days of the American Republic , talks about the similarities in the decline of the Roman and Soviet empires and the signs that the U.S. empire is exhibiting the same symptoms: overextension, corruption and the inability to reform [ in face of global change and internal ideology.] - min 15 + fiscal overstretch that does not serve people (economic multiplier, ie NSA, military bases, personnel, and long-term obligations ie pension and benefits) ... and unable to change bc of ideology married with identity (the American Dream is still alive and this country is fair and meritocratic) as well unable to keep up with global economic competition as a whole (take out Silicon Valley). & unable to smell crony capitalism (no shared economic interest), corruption and bribery when its showing up (ie TTIP, NAFTA and co.) &! Politics & Big Business communication run by PR & Spin Doctors (see also corporations = people).
USA  history  Roman  Empire  World  Police  geopolitics  Career  Politicians  presidency  barackobama  Wall  Street  shared  economic  interest  profit  maximisation  shareholder  value  Gini  coefficient  inequality  bailout  fairness  gesellschaft  Sozialer  Abstieg  too  big  to  jail  toobigtofail  TBTF  Middle  East  lobbyist  lobby  Lobbying  Justice  System  military–industrial  complex  prison–industrial  complex  post-racial  America  book  neoconservatism  neoconservatives  neoliberalism  austerity  Washington  trust  trustagent  political  economy  short-term  thinking  short-term  view  opportunist  Opportunism  revolving  door  interest  groups  No  Representation  Congress  NSA  Pentagon  vested  interest  WMD  Iraq  War  surveillance  state  Orwellian  Five  Eyes  GCHQ  UK  British  Empire  War  on  Terror  War  on  Drugs  corruption  bribery  squeezed  class  ideology  meritocracy  meritocratic  education  policy  income  inequality  Super  Rich  1%  tax  evasion  tax  avoidance  Soviet  Union  Iron  Curtain  tax  code  fiscal  policy  American  Dream  Silicon  Valley  globalisation  globalization  competitiveness  policy  error  policy  folly  TTIP  NAFTA  crony  capitalism  stakeholder  corporatism  PR 
june 2015 by asterisk2a
Children from poor families tend to be more altruistic and more willing to make personal sacrifices for others. : science
http://www.reddit.com/r/science/comments/386xup/people_in_poverty_nine_times_more_likely_to/ - People in poverty nine times more likely to suffer from psychological distress than those above poverty line, new CDC study has found (cdc.gov) // &! Google "npr poverty stress" // &! n.pr/1Gjgf35 n.pr/1tY5x72 n.pr/1AJBEAv n.pr/1bC3fjv n.pr/1Ia7nu0 to.pbs.org/1BInlqB Stress from Poverty Decreases Child Brain Sizes—Even at Birth theatln.tc/IHdg82
poverty  altruism  Privileged  Establishment  Super  Rich  1%  Toff  class  warfare  working  class  empathy  meritocracy  meritocratic  Gini  coefficient  public  health  public  health  policy  mental  illness  mental  health  Oxidative  stress  chronic  stress  child  poverty  working  poor  precarious  work  Precariat 
june 2015 by asterisk2a
Naomi Klein on Global Neoliberalism - YouTube
history doesn't repeat, but it rhymes // use of crisis for political ends // crisis is required to push through those policies // effect - rise if inequality - gini coefficient // history shows - capital flight // net capital flight out of UK from 2008-2015 !? // mixed economy ! // Naomi Klein and Joseph Stiglitz on Economic Power - youtu.be/qkErO-TwOeo &! Naomi Klein, Raj Patel, Amy Goodman: Crisis Capitalism - youtu.be/8Ji_8tI0sbY youtu.be/wmHOj0FT5l0 &! Joseph Stiglitz (2014) - Why Capitalism is Failing - youtu.be/b7wIw1VNjSk &! [Chrystia Freeland] Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else (Full Session) - youtu.be/S9LIVa3WVPo --- GFC did not end plutocracy (Fortune/Forbes list) it propelled them - QE, bailouts, NIRP etc - it was a recovery for the 1% - Carlos Slim is richest person ever lived (based on labour cost/hr of home country). &! Matt Taibbi and Chrystia Freeland on the One Percent's Power and Privileges - youtu.be/rvIM6-BGx8I
Naomi  Klein  neoliberal  neoliberalism  PIGS  austerity  Wasserprivatisierung  Privatisation  liberal  economic  reform  IMF  USA  economic  history  World  Bank  trickle-down  economics  Troika  sovereign  debt  crisis  Gini  coefficient  inequality  Wall  Street  book  welfare  state  social  safety  net  Services  Public  Services  welfare  GFC  UK  fiscal  policy  policy  folly  policy  error  Davos  Makers  Career  Politicians  microeconomic  policy  macroeconomic  policy  economic  model  economic  damage  oligarchy  plutocracy  Super  Rich  1%  Establishment  Privileged  income  inequality  capital  gains  squeezed  middle  class  working  poor  globalisation  globalization  flat  borderless  precarious  work  Precariat  contractor  Zero  Hour  Contract  Leiharbeit  Zeitarbeit  Minijob  Werkvertrag  recovery  No  Representation  Industrial  Revolution  2.0  oligopoly  oligopol  crony  capitalism  rent-seeking  rentier  human  capital  income  growth  social  mobility  income  mobility  meritocracy  meritocratic  lobbyist  lobby  Lobbying  revolving  door  tax  evasion  tax  avoidance  political  economy  ethical  beliefs  ethical  machine  moral  beliefs  profit  maximisation  shareholder  value  American  Dream  Great  Gatsby  curve  intellectual  honesty  social  tension  social  working  class  Egalitaria 
may 2015 by asterisk2a
We Are All Venture Capitalists Now | TechCrunch
In Mediocristan, you work fixed hours for a fixed wage. In Extremistan, success is enormously lucrative, but failure is far more common … and, for artists, condemns you to a life of grinding poverty and/or working outside of your chosen field. Of course tech startups also live in Extremistan. So too does venture capital itself, a meta-tournament of picking winners, in which enough money is (hopefully) made from the few big hits to outweigh the inevitable failures– –and so too will we all, soon enough. I’ve argued before that, because software is eating the world, “technology is slowly dragging us all, economically, away from Mediocristan and into Extremistan.” The power of software is such that it gives ever-smaller numbers of people ever-greater leverage. Meanwhile, much of yesterday’s rote Mediocristan work can and will be automated tomorrow. As a result, our economies are moving (slowly, in fits and starts) to a power-law Extremistan future. [ Seth Godin "be remarkable" ]
Venture  Capital  Software  Is  Eating  The  World  Future  of  Work  Mobile  Creatives  Mobile  Creative  Robotics  automation  squeezed  middle  class  working  poor  precarious  Precariat  3D  printing  algorithm  marketplace  marketplace  efficiencies  Share  Economy  shareholder  value  Wall  Street  profit  maximisation  Services  Industry  Niedriglohnsektor  service  service  Sector  Jobs  on-demand  convenience  Gini  coefficient  social  mobility  income  mobility  Universal  Basic  meritocracy  meritocratic  American  Dream  self-employment  contractor  Zero  Hour  Contract  Zeitarbeit  STEM  Germany  Western  World  secular  stagnation  globalisation  globalization  flat  borderless  freelancing  freelance  competitive  competitiveness  competition  education  policy  Career  Politicians  protectionism  Makers  policy  folly  policy  error  No  Representation  volatility  complexity  uncertainty  Super  Rich  1%  Extremistan  tournament  ivyleague  Privileged  Establishment  welfare  welfare  state  social  safety  net  USA  UK  productivity  output  gap  GFC  Silicon  Valley  Angel  Investor  Seth  Godin  sethgodin  differentiate  differentiation  entrepreneurial  entrepreneurship  entrepr 
april 2015 by asterisk2a
BBC News - Could you live decently on £14,400 a year?
Government figures suggest that about 30% of workers in the UK are paid less than £14,820, subjecting them to similar financial pressures. [...] "If we're going to rebalance the economy, we can expect some very big shocks." [ ... "we are all in this together" ... no not really. .... an actions taken have aimed only on those you can do it easy. they didn't went after tax avoiding corporations, super rich and 1% ...]
working  poor  living  standard  cost  of  living  quality  of  life  chronic  stress  squeezed  middle  class  social  mobility  income  mobility  tax  avoidance  tax  evasion  austerity  George  Osborne  David  Cameron  Super  Rich  Gini  coefficient  poverty  food  poverty  child  poverty  income  inequality  1%  Establishment  Toff  Elite  Privileged  UK  Career  Politicians  No  Representation  living  wage  standard  of  living  minimum  wage  tax  code  tax  free  income  social  cohesion  society  culture  Proletariat  precarious  work  Precariat  uncertainty  contractor  Zero  Hour  Contract  plutocracy  meritocratic  meritocracy 
october 2014 by asterisk2a
BBC News - More student loans won't be repaid, government believes
Ministers estimated that 28% of loans would never be paid back in full when factoring their calculations. But now repayment levels are projected to drop so low that the government is close to getting back less money than it would have by keeping the old system. Responding to a parliamentary question, universities minister David Willetts said the government had been reviewing its modelling on student loans and now estimated that about 45% would be written off - an increase from 40% six months ago. Economics consultancy London Economics said the "tipping point" at which the costs of the new system will exceed those of the old one would be reached if 48.6% of all student loans were not repaid.
StudentLoans  Student  Loan  Bubble  debt  income  mobility  social  mobility  Super  Cycle  debt  education  policy  Public  babyboomers  Future  of  Work  practical  skills  practical  skill  set  Liberal  Arts  Mobile  Creative  Mobile  Creatives  apprenticeships  Trainee  Year  of  Code  Elite  Privileged  1%  meritocratic  meritocracy  Toff  UK  industrial  policy  manufacturing  destruction  Structural  Impediments  imbalance  faultlines  flat  world  service  economy  globalisation  globalization  David  Cameron  GFC  austerity  George  Osborne  Career  Politicians  short-term  thinking  short-term  view  Vision  Leadership 
october 2014 by asterisk2a
The Rise Of Europe's Religious Right
For the most part, though, issues dear to social conservatives were a side issue in elections driven heavily by economic frustration. [...] The suddenness with which social conservatives became a force in Brussels has many progressives speculating that they are the creations of American social conservatives seeking to “export the culture wars.” [...] Today, American ties seem much more about a shared vision to build a global conservative movement rather than leaning on stronger and wealthier U.S. partners for support. // http://www.salon.com/2014/02/28/the_dying_right_why_christian_fundamentalists_are_in_panic_mode_partner/ || Pro Progressive - the hard things are hard bc they are worth doing it. It's easy to turn ones back. But its hard to hold your face into the storm that is brewing. Holding onto status quo is not worth the struggle, it is a futile short-term view - as the status quo is not sustainable.
No  Representation  Career  Politicians  Democratic  Process  democracy  European  Election  2014  UKIP  UK  France  European  Parliament  working  poor  squeezed  middle  class  underemployed  structural  unemployment  long-term  unemployment  youth  unemployment  unemployment  living  standard  cost  of  living  quality  of  life  income  mobility  social  mobility  Toff  meritocratic  meritocracy  policy  error  policy  folly  Makers  Politics  GFC  faultlines  global  imbalances  structural  imbalance  Tea  Party  Religion  Germany  liberal  economic  reform  sovereign  debt  crisis  Super  Cycle  uncertainty  immigration  globalisation  globalization  flat  world  Future  of  Work  skill-biased  technological  change  Mobile  Creative  Mobile  Creatives  security  financial  security  well-being  neoconservatives  neoconservatism  radicalism  extremism  conservative  Religious  Far-Right  Christianity  Christian  Fundamentalists  LGBT  reproductive  rights  abortion  gay  marriage  gaymarriage  gay  rights  gayrights  Angela  Merkel  CDU  CSU  National  Front  Brussels  human  progress  progressive  human  tragedy  unintended  consequences  unknown  unknowns  complexity  secular  stagnation  wage  stagnation  stagnation  babyboomers  generationy  Millennials  society  civic  society  civic  life  society  society  error  folly 
july 2014 by asterisk2a

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