wall street
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How Robbinghood makes money
The Wallstreetbets subreddit are furious after Robinhood stopped allowing trading on GameStop. Here’s how the “commission free” investing app makes money. Continue reading
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Of girls, bulls, and the authenticity of subversion
“…March 7th of this year, the day before International Women’s Day. Fearless Girl appeared, standing in front of Charging Bull. On the surface, it appears to be another work of guerrilla art — but it’s not. Unlike Di Modica’s work, Fearless… Continue reading
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Wolves of Wall Street: Financialization and American Inequality
It’s no secret by now that the recent spike in American inequality, and the gains rapidly accruing to those at the upper end of the income distribution ladder, are driven in large part by “financialization”—the growing scale and profitability of… Continue reading
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How Wall Street Power Brokers Are Designing the Future of Public Education as a Money-Making Machine
Financial Capitalism–subordinating all processes of production toward amassing the greatest amount of excess monetary value through constantly changing financial networks–has nowhere left to turn besides the local after absorbing all international, national, and regional systems of output. And we should… Continue reading
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America’s angriest white men: Up close with racism, rage and Southern supremacy – Salon.com
On the extreme Right, by contrast, race is a proxy for class. Among the white supremacists, when they speak of race consciousness, defending white people, protesting for equal rights for white people, they actually don’t mean all white people. They… Continue reading
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Robert Scheer: Gag Me With Lawrence Summers – Robert Scheer’s Columns – Truthdig
The idea that Barack Obama would still consider appointing Lawrence Summers to head the Federal Reserve rather than order an investigation into this former White House official’s Wall Street payments, reported Friday by The Wall Street Journal, mocks the president’s… Continue reading
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Controlling for Cosmopolis
Jose Ortega y Gasset points out that the term “emperor’ means “the one who goes to where the border begins”. The Latin word is related to the Spanish verb empezar (to begin). An Imperator was a general who kept whole the… Continue reading
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Getting rich off of schoolchildren – Salon.com
Thanks as always to John F. for pointing out a piece that I missed. Sirota delivers some good insights… standard operating procedure with him. It simply strains credulity to insist that pedagogues who get paid middling wages but nonetheless devote… Continue reading
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The Croney Capitalism Blowout
Originally posted on Dead Wild Roses: Why do things happen the way they do? Why do certain segments of society do well when everyone else is being hammered? Some would say through being “smart” and “working hard”, but that… 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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Can Colleges Ever Really Be Accountable?
I go on a bit about our system of higher education. Mostly I do this because I have been in and around it for over two decades so it is a beast that is quite familiar to me. But that… Continue reading
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Tax Incentives to Companies Bleeding Towns Dry, With Few Results
A lot of the abatements & other supports to bring in business to townships & cities centers on one main process: job creation. Yet nobody tracks any meaningful statistics to see if the economic argument holds up. Yes we can… 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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