…One Less Scene

 
Economists for Peace and Security.
Here’s a great video of nobel winner Joseph Stiglitz at the New School in New York. What a cool dude.
I wish I had an informed, fired-up opinion about whether or not Barack Obama’s massive economic stimulus package will “revive” the sagging economy,  but I really have no idea. I rely on [...]

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“The money that’s made from manufacturing stuff is a pittance in comparison to the amount of money made from shuffling money around. Forty-four percent of all corporate profits in the U.S. come from the financial sector compared with only 10% from the manufacturing sector.” -Raymond Dalio, Bridgewater Associates, 2004 (p. 29)
I finally finished the book [...]

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It’s interesting how much media attention Bernie Madoff’s Ponzi scheme has attracted. Sure it’s the biggest fraud in history, but there’s so much more to it. I had to look up what “Ponzi scheme” even means on wikipedia, here’s how they defined it:
“A Ponzi scheme is a fraudulent investment operation that involves paying abnormally high returns to investors out of [...]

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           It’s always a good time to read Bertolt Brecht, and especially during these days of class war and crumbling capitalism. I recently came across the poem “Questions from a Worker Who Reads,” in which Brecht comments on the absence of peasants and laborers in popular history. It reminds me of the [...]

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     There’s a saying that goes something like, “You don’t find any atheists in a fox-hole,” meaning people get dumb when they’re scared. You could also say that you don’t find any free-market cheerleaders in a recession. Suddenly everyone feels that the financial markets need a “helping hand”, and congress approves of the 700 billion [...]

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