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Tag: debt

  • Freelance Nation: How to Become a Part-Time Worker Without Really Trying | The Nation

    Freelance Nation: How to Become a Part-Time Worker Without Really Trying | The Nation

    This originally appeared as a Tomgram over at Tomdispatch and was picked up by the Nation… …what a weird economic downturn and recovery this has been.  From the end of an “average” American recession, it ordinarily takes slightly less than a year to reach or surpass the previous employment peak. …

  • The Crisis of Finance Capitalism and the Exhaustion of Neoliberalism

    The Crisis of Finance Capitalism and the Exhaustion of Neoliberalism

    The report “Changing Banking for Good” attempts to make bankers personally responsible, to reform bank governance and strengthen the powers of regulators. Some think that if the report’s recommendations are implemented, it will destroy London as a global financial center. Others believe that the report does not go far enough…

  • Debt – a global scam | New Internationalist

    Debt – a global scam | New Internationalist

    Large outstanding personal debts – say a mortgage taken out during a housing bubble – can turn even the stoutest of us into ‘quivering insomniac jellies of hopeless indebtedness’ (as Margaret Atwood so accurately puts it). Debt is, we feel, whatever the rights or wrongs, ‘our own fault’. We can’t help…

  • Rolling Stone on how the Illuminati is maybe not so impossible

    Rolling Stone on how the Illuminati is maybe not so impossible

    Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this…

  • Debt and the Indebted Person

    Debt and the Indebted Person

    What is it about “you must repay your debts” that allows even the best of people to justify the worst human actions? It is very much worth your time to at least listen to the 65 minute lecture below by anthropologist & author David Graeber. My buddy-friend-guy, Christopher P., has…

  • Indebted to Capital

    “If in times past we were indebted to the community, to the gods, to our ancestors, we are henceforth indebted to the “god” Capital.” Maurizio Lazzarato, The Making of the Indebted Man Source: collectorscorner.com via Keith Wayne on Pinterest Related articles Letting-go Hateful Circumstance by the Naming of the World (keithwaynebrown.com)…

  • Secret and Lies of the Bailout | Politics News | Rolling Stone

    It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Paulson, committed $700 billion in taxpayer money to rescue Wall Street from its own chicanery and greed. To listen to the bankers and their allies in Washington tell it,…

  • No Local – Why Small-Scale Alternatives Won’t Change The World, Greg Sharzer – Zero Books Blog

    Thanks to my good brother Joseph Carr for passing this book review along. …This is not a book about the successes and challenges of a particular community garden or biodiesel scheme. That research is important, but it’s already been done: there are plenty of detailed empirical surveys of local projects…

  • The Financial War Against the Economy at Large

    …By not raising taxes on the wealthy or using the central bank to monetize spending on anything except bailing out the banks and subsidizing the financial sector, the government follows a pro-creditor policy. Tax favoritism for the wealthy deepens the budget deficit, forcing governments to borrow more. Paying interest on…

  • There is no fiscal crisis. And macroeconomics is not a morality play.

    Nice overview of how things stand vis. the “fiscal cliff.” The Puritanism that surrounds how most people talk about debt–esp. government debt–really irritates and shows the lasting influence of Christian dogmatism on our sociocultural situation. Sometimes I cannot tell if a person who rants about the US federal deficit is…

  • R&Ex’s 500th Post: The Student Debt Crisis

    R&Ex’s 500th Post: The Student Debt Crisis

    Thanks to all of those who have been reading this blog and spurring me on to keep posting. The other day I passed 10,000 views. And today is another milestone: the 500th post. I wanted to be sure and pick something that I believe highlights the generational issues of Boomers…

  • Postal Savings Banks… An Important Idea

    Right now, there are few ways for poor people to even try to save what little money they have. It is often hard to get an account, and even if you do, fees will be too high or interest too low to make it worth having the account. So the…