Liberals are going the extra mile to validate economic insanity by Conservatives. Do some people have an economic advantage? Do majorities have something in common that minorities don't share? I went to Japan this year, and sure, being a minority sucks. Does that mean that there is whiteness or blackness or asianness, or the new and exciting hispanicness? No. There's no such thing.
Stop the madness: Race and Gender are just more games for people who need hobbies. Insanity inside.
posted by ewkpates
on Jun 20, 2003 -
Oops! IMF Admits Failed Policies
International financial integration should also help countries to reduce economic volatility, the study said, but in reality this has not happened.
"Indeed, the process of capital account liberalization appears to have been accompanied in some cases by increased vulnerability to crises," the report said.
"Globalization has heightened these risks since cross-country financial linkages amplify the effects of various shocks and transmit them more quickly across national borders."
In the last 10 years, developing countries from Thailand and Russia to Argentina, have seen their economies collapse, even though many of them were trying to follow IMF-prescribed open market policies.
So does this mean corporate facism harms the world's poor?
posted by nofundy
on Mar 19, 2003 -
US income distribution moves towards 3rd world profile?
- US Census Bureau
data on growing family income inequality, 1947 to 2001. Also see: The
(for a graphic depiction of current US wealth distribution).
"The most egalitarian countries have a Gini index in the 20s. European
countries like Germany, Austria, Belgium, Hungary, Poland, Norway, and Sweden all fall in that
range, according to World Bank figures. Canada and Australia are just over 30. The United States
is around 40...Once inequality reaches 50 percent, disparities become glaringly obvious, to the
point where they undermine a society's sense of unity and common purpose....Sierra Leone takes
the prize. At 63 percent, it offers the world's most extreme example of inequality."
By multiple measures, income
in the US is rapidly increasing, and a substantial percentage of middle class Americans may be gradually sliding into poverty.
posted by troutfishing
on Jan 15, 2003 -
Someone we trust says something reassuring.
Fed Chairman Alan Greenspan, arguably the most powerful man in the world, blames "infectious greed" for the recent panic-like tail-spins on Wall Street, but says that the economy is on the way to recovery. One comment held that Greenspan was finally able to let out how he feels about what's going on, without shrouding his opinion in economic jibber-jabber.
"For once he really spoke his mind. He usually tends to obfuscate things quite a bit."
But really, how many of you expected Greenspan to say anything other than "the fundamentals are in place for a return to sustained healthy growth"? Does Greenspan actually feel this way? Could it be that he is actually majorly pessimistic, but is using his soothing sweet-song voice and obvious clout and earned respect to somehow buck recent trends? Bush's speech didn't do much for our faltering economy, but will Greenspan's? Can one man's mere words possibly change the course of history? Well?
posted by Hammerikaner
on Jul 16, 2002 -
J.K. Galbraith shocked at scale of corporate failures.
"I can only say I hadn't expected to see this problem on anything like the magnitude of the last few months – the separation of ownership from management, the monopolisation of control by irresponsible personal money-makers." Myself and chrispy
came to the same conclusion on the drive home from the resolutely un- (rather than anti-) corporate Glastonbury Festival
today. Profit is valued and rewarded by the vast majority of corporations above all else. As a consquence, people with the same values dominate executive positions, to the exclusion of those with more 'humanitarian' or longer-term outlooks. Where is the balance? Should we make hippie non-exec directors compulsory? Or should I just go back to bed and let the drugs wear off???
posted by barnsoir
on Jul 1, 2002 -
Understanding what makes America tick
"The belief that America is exceptional, in the double sense that it is superior and that it is different...The United States had a mission, a manifest destiny, to change the world in its image. This conviction echoes down through American history....Other countries—France, Britain, Russia—have from time to time in their history felt a sense of mission, of carrying their civilisation to other peoples and territories. But in their cases it has been episodic and not deeply rooted—usually limited to when their power was at its zenith and usually clearly recognisable as a rationalisation for what they were doing for other reasons. In the case of the United States, it has been constant and central
." [Centre of Independent Studies
in Sydney via aldaily
] American Exceptionalism. Mix it with sole super power status and massive military might. Should make it quite an intoxicating ride these next few years.
posted by Voyageman
on Apr 4, 2002 -
Walk for Capitalism
is scheduled for this weekend (Sunday, December 2nd) in over 100 cities around the world. One of the few rallies actually for
something, and certainly first global campaign for capitalism
in history. Will you stand up for the principles set forth in their position statement
posted by dagny
on Nov 29, 2001 -
Why the world needs America to cheer up
This article claims America and New York in particular have lost faith in an economic recovery. Can any New Yorkers tell me whether this is true?
A side note: The (London) Times
has been excellent since 9/11 IMO, although the site desperately needs a redesign. I'll do it! Employ me!
posted by Summer
on Oct 25, 2001 -
Is Wage Insurance the Answer?
Central to the ongoing debate on globalization is whether free trade is a good thing or not because it pits capital against labor. Like a lot of policy issues (and politics :) trade helps some but hurts others, while polarizing and often making enemies of people on either side of the debate. Wage insurance might provide a middle ground where people can come together. (more inside!)
posted by kliuless
on Sep 6, 2001 -
This is truly awesome.
Awesome. Awesome. Awesome. Awesome. Awesome.
Just the best use of flash, collaborative model/data building and use of interactive interface to explain a complex issue... i.e. the interconnections of money, influence and power in boardrooms of the global economy.
Conceived designed and built by Josh ON and the FutureFarmers
I think it's going to move to a more permanent and snappier URL once it's fully ready for prime-time... I hope Josh and the gang don't mind me posting it here... but it's just too good not too... It genuinely deserves a lot of praise and attention, IMHO.
posted by blackbeltjones
on Jul 19, 2001 -
Was the bust really a Bust
(See below)? Douglas Rushkoff doesn't think so. But then, he's a pretty optimistic guy, if you ask me. (Warning, his article links to MetaFilter... Does that count as a self-link?)
posted by LAM
on Jul 5, 2001 -
"At some point
Yahoo! will shift emphasis towards a billing relationship, that is as good as fact. What they need to decide, however, is whether to lead with a subscription or ISP model."
posted by grambo
on Jun 28, 2001 -
Abolish corporate taxes!?
Just saw this on c-span. I doubt it'll happen, but this is the view of our Treasury Secratary (and former CEO of Alcoa). It's on the frontpage of the FT, wonder if it'll make headlines in the States.
posted by kliuless
on May 20, 2001 -
¿Headed south anytime soon?
This fun, if somewhat depressing, little site is the work of the South to the Future
gang. These wicked, evil folks have taken it upon themselves to try and educate
the masses here in the SF bay area. What troubles me is despite the pervasive nature of the dang ol' Innernet
on our everyday lives, I don't see a lot of people buying into causes of this nature. Maybe I am just jaded and exhausted from dodging SUVs all over town. I mean, there are a lot of hills in SF so why shouldn't people have monster 4X4s? On a lighter note, this seems to be a neat little side project
posted by donkeysuck
on Apr 20, 2001 -
Charging for software as a service.
As soon as the software vendors get this ironed out the hardware vendors are going to want in too. Soon you'll be paying monthly service fees based on how much you use your computer. (More ranting inside) ->
posted by monkeyboy
on Jan 10, 2001 -
"Mr Bush, the World Doesn't Want to Be American"
"... it is time for America's electorate to be told the blunt truth: that the present situation of the United States, with a part of its population able to enjoy a life of extraordinary comfort and privilege, is not tenable as long as an enormous portion of the world lives in abject poverty, degradation and backwardness."
posted by lia
on Dec 31, 2000 -
One Year After Seattle
-- "A year has passed since the World Trade Organization's "Millennium Round" collapsed under clouds of tear gas in Seattle," writes Mark Weisbrot
, in this useful overview of what was -- and is -- at stake. "The debate over globalization has been altered, perhaps permanently, to include some of the concerns of civil society: poverty and inequality, economic instability, and the environmental costs of globalization...."
posted by johnb
on Nov 30, 2000 -
How to tilt at windmills.
What these guys don't undestand is that Apple can't make money selling software. They develop software so that they can sell the hardware on which it runs, which is their real profit center.
posted by Steven Den Beste
on Sep 18, 2000 -
China, our new buddy
It seems like history may be made today. I hope that if China does receive favorable trade status that it will go to improve human life in that nation and improve ties between our countries.
I'd like to buy China a Coke...
posted by Brilliantcrank
on May 24, 2000 -
Worth has a great story
on how easy it would be for Goto.com to exploit its paying customers. (There may be some registration issues with this link; if it fails, go to the Worth home page
and click on "The Easy Way to Get Rich Click.")
posted by luke
on Mar 14, 2000 -