Credit Writedowns » Society http://www.creditwritedowns.com Finance, Economics and Markets Wed, 23 May 2012 16:15:53 +0000 en hourly 1 Class Warfare http://www.creditwritedowns.com/2012/05/class-warfare.html http://www.creditwritedowns.com/2012/05/class-warfare.html#comments Tue, 08 May 2012 20:01:37 +0000 Rick Bookstaber http://www.creditwritedowns.com/?p=44511 we are seeing an ever shrinking number of people paying an ever greater portion of the taxes. Though they also are the ever shrinking number of people acquiring an ever greater portion of the wealth. There is little that matches the artfulness in waving off criticism of the widening income gap as “class warfare”. And there is little that matches the gullibility of those who follow along

Credit Writedowns Pro is live. Sign up today for premium content.
Class Warfare originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts ]]> http://www.creditwritedowns.com/2012/05/class-warfare.html/feed/ 2 Government’s role in the subprime crisis http://www.creditwritedowns.com/2012/03/governments-role-in-the-subprime-crisis.html http://www.creditwritedowns.com/2012/03/governments-role-in-the-subprime-crisis.html#comments Tue, 20 Mar 2012 00:50:48 +0000 Guest Author http://www.creditwritedowns.com/?p=43089 Could a new paper published by researchers from the Federal Reserve Bank of St. Louis finally answer the question of whether affordable housing laws caused the subprime crisis? Yes

Credit Writedowns Pro is live. Sign up today for premium content.
Government’s role in the subprime crisis originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts ]]> http://www.creditwritedowns.com/2012/03/governments-role-in-the-subprime-crisis.html/feed/ 1 Adam Smith and Joseph Schumpeter on the Bifurcation of Society http://www.creditwritedowns.com/2012/02/adam-smith-and-joseph-schumpeter-on-the-bifurcation-of-society.html http://www.creditwritedowns.com/2012/02/adam-smith-and-joseph-schumpeter-on-the-bifurcation-of-society.html#comments Wed, 15 Feb 2012 20:30:00 +0000 Rick Bookstaber http://www.creditwritedowns.com/?p=42212 On the issue of the bifurcation of society and the widening income gap in the U.S., and the strains appearing from the factory system in China that have recently been highlighted, there is useful commentary that comes from a surprising quarter, or perhaps not surprising in itself, but in the view taken on the subject: Both Adam Smith and Joseph Schumpeter, defenders of capitalism as the source of “universal opulence”, see a road leading from capitalism to the disenfranchisement of the worker and the vaulting of the elite

Credit Writedowns Pro is live. Sign up today for premium content.
Adam Smith and Joseph Schumpeter on the Bifurcation of Society originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts. ]]> http://www.creditwritedowns.com/2012/02/adam-smith-and-joseph-schumpeter-on-the-bifurcation-of-society.html/feed/ 2 The Twilight of the Leisure Class http://www.creditwritedowns.com/2012/01/the-twilight-of-the-leisure-class.html http://www.creditwritedowns.com/2012/01/the-twilight-of-the-leisure-class.html#comments Fri, 27 Jan 2012 19:51:51 +0000 Rick Bookstaber http://www.creditwritedowns.com/?p=41296 Taken to its end, industrialization class distinctions are revealed by conspicuous consumption. This points to the objective of industrial production: goods in the realm of common consumption become removed from social distinction. This is what Mumford meant when he stated that the machine is a communist. Products bear the same impersonal imprint. They either function or do not. There is no difference between the light bulb – or phone, or computer, or Kindle – of the common and the wealthy to signal a difference in status. The consummation of the industrial revolution, and insofar as we link the industrial revolution to capitalism, of capitalism as well, will occur when the same can be said in all areas of production

Credit Writedowns Pro is live. Sign up today for premium content.
The Twilight of the Leisure Class originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts ]]> http://www.creditwritedowns.com/2012/01/the-twilight-of-the-leisure-class.html/feed/ 2 Occupy Wall Street, Social Unrest and Income Inequality http://www.creditwritedowns.com/2011/10/occupy-wall-street-social-unrest-and-income-inequality.html http://www.creditwritedowns.com/2011/10/occupy-wall-street-social-unrest-and-income-inequality.html#comments Fri, 21 Oct 2011 12:00:25 +0000 Rick Bookstaber http://www.creditwritedowns.com/?p=34038 We are seeing the specter of instability in the growing protests of income inequality, economic distress of the middle class, and economic and political power of the very wealthy. There is Occupy Wall Street in the U.S., and similar protests ranging across the globe. In parts of Europe there is rioting in the streets, in parts of China protests have turned deadly

Credit Writedowns Pro is live. Sign up today for premium content.
Occupy Wall Street, Social Unrest and Income Inequality originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts ]]> http://www.creditwritedowns.com/2011/10/occupy-wall-street-social-unrest-and-income-inequality.html/feed/ 4 Crisis and Instability – Searching for Terra Firma http://www.creditwritedowns.com/2011/09/crisis-and-instability-searching-for-terra-firma.html http://www.creditwritedowns.com/2011/09/crisis-and-instability-searching-for-terra-firma.html#comments Mon, 26 Sep 2011 16:18:32 +0000 Marc Chandler http://www.creditwritedowns.com/?p=32948 It was not immediately clear to many when the current crisis began that it was going to be this kind of event. The G7 and IMF understand how the cash register works and have vast experience in tweaking the cash register from time to time. What is required now is a new cash register. It will mark as large of a change as Reagan-Thatcher represented at that time. Yet just as it was impossible to anticipate the Reagan-Thatcher cash register when Nixon introduced wage and price controls in 1971, so too is it impossible to anticipate the next cash register now

Credit Writedowns Pro is live. Sign up today for premium content.
Crisis and Instability – Searching for Terra Firma originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts. ]]> http://www.creditwritedowns.com/2011/09/crisis-and-instability-searching-for-terra-firma.html/feed/ 1 Quote of the Day: Desmond Tutu http://www.creditwritedowns.com/2011/09/quote-of-the-day-desmond-tutu.html http://www.creditwritedowns.com/2011/09/quote-of-the-day-desmond-tutu.html#comments Wed, 21 Sep 2011 13:44:02 +0000 Edward Harrison http://www.creditwritedowns.com/?p=32735 He is a remarkable man, full of energy and optimism. He said something about himself that I found wonderfully humble

Credit Writedowns Pro is live. Sign up today for premium content.
Quote of the Day: Desmond Tutu originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts. ]]> http://www.creditwritedowns.com/2011/09/quote-of-the-day-desmond-tutu.html/feed/ 3 Pension and Ponzi Schemes http://www.creditwritedowns.com/2011/09/pension-and-ponzi-schemes.html http://www.creditwritedowns.com/2011/09/pension-and-ponzi-schemes.html#comments Tue, 13 Sep 2011 14:48:04 +0000 Edward Harrison http://www.creditwritedowns.com/?p=32357 In the US, there is a heated debate about America’s government pension scheme Social Security. The Republican frontrunner for President Rick Perry has called it a ‘Ponzi scheme’, for which he was derided by the previous Republican frontrunner Mitt Romney. Here’s the question: is Rick Perry right. Is social security a Ponzi scheme? Here’s my take

Credit Writedowns Pro is live. Sign up today for premium content.
Pension and Ponzi Schemes originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts. ]]> http://www.creditwritedowns.com/2011/09/pension-and-ponzi-schemes.html/feed/ 16 Russia’s Economic Interests (Part 1) http://www.creditwritedowns.com/2011/08/russias-economic-interest.html http://www.creditwritedowns.com/2011/08/russias-economic-interest.html#comments Fri, 12 Aug 2011 17:30:00 +0000 Michael Hudson http://www.creditwritedowns.com/?p=31078 The neoliberal idea is to dismantle the government’s ability to regulate markets to steer growth and economic advance in the national interest. They claim that this is an alternative to centralized planning. But the reality is that it simply centralizes planning in the hands of bankers – primarily those of Wall Street and the City of London, followed by financial interests in satellite economies and other subordinate partners in this policy

Credit Writedowns Pro is live. Sign up today for premium content.
Russia’s Economic Interests (Part 1) originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts. ]]> http://www.creditwritedowns.com/2011/08/russias-economic-interest.html/feed/ 0 The Internet’s Filter: Condemned to be Free? http://www.creditwritedowns.com/2011/07/internet-information-filter.html http://www.creditwritedowns.com/2011/07/internet-information-filter.html#comments Tue, 26 Jul 2011 14:51:45 +0000 Rick Bookstaber http://www.creditwritedowns.com/?p=30306 Rick Bookstaber opines about a future world in which the flood of information being produced will be filtered by third parties like Facebook and Google with as yet unpredictable consequences for society. Perhaps these filters are just computationally more powerful versions of our own cognitive filters. But the filters are not under our control. We won't understand how they are deciding what to allow through the filter for our consideration

Credit Writedowns Pro is live. Sign up today for premium content.
The Internet’s Filter: Condemned to be Free? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts. ]]> http://www.creditwritedowns.com/2011/07/internet-information-filter.html/feed/ 3