finance
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The trouble with Zuckism | PandoDaily
Good engagement on the disconnect between how many people complain about Facebook despite its growing profitability. How do we square Facebook’s data with the complaints we hear about the company — complaints that go far beyond the usual ones about… Continue reading
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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.… Continue reading
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World’s 100 richest earned enough in 2012 to end global poverty 4 times over — RT
The world’s 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that the global economic crisis is further enriching the super-rich. “The… Continue reading
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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… Continue reading
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The Widening Divide Between Wall Street and Washington | TIME.com
Interesting op/ed at Time.com from the Curious Capitalist. Corporate finance is global. Politics remains local. Situating ourselves within the dialectic betwixt economics & policy is very much an important affair in facing up to the Society of Control & its… Continue reading
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Wealth doesn’t trickle down – it just floods offshore
Often, when I hear folks saying that the rich and super rich are job creators, I ask myself: Exaclty to how much of world economics do you actually pay heed? If profits are not invested into foreign ventures they are… Continue reading
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Bankers and the neuroscience of greed | Ian Robertson | Comment is free | guardian.co.uk
While power in moderate doses can make people smarter, more strategic in their thinking, bolder and less depressed, in too-large doses it can make them egocentric and un-empathic, greedy for rewards – financial, sexual, interpersonal, material – likely to treat… Continue reading
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