Why We’re in a New Gilded Age
Paul Krugman reviews Capital in the Twenty-First Century
by Thomas Piketty, and discusses the renewal of the importance of capital in preserving inequality across generations.
posted by jaduncan
on Apr 15, 2014 -
This shift in how companies are governed and raise money is bringing with it a structural change in American capitalism. That should be a matter of great debate. Are these new businesses, with their ability to circumvent rules that apply to conventional public companies, merely adroit exploiters of loopholes for the benefit of a plutocratic few? Or do they reflect the adaptability on which America’s vitality has always been based?
- Rise of the distorporation
- how changes in the way companies are financed and managed is changing the wealth distribution of America.
posted by Artw
on Nov 2, 2013 -
Dwarf Fortress: A Marxist Analysis
What one does in Dwarf Fortress is create a colony of an existing dwarven fortress – you’re always sent out as a team from a much larger existing stronghold elsewhere, and your foreign relations with other dwarves are limited to that particular fortress, on the whole. Even though your settlement is independent and self-governing, and the relations with the mother fortress mostly those of trade, the purpose of the game in all its open-endedness can be nothing other than to create oneself in the image of the previous fortress. In other words, fundamentally in Dwarf Fortress you reproduce the existing structure of dwarven society on a merely quantitatively expanded scale.
posted by Eideteker
on Oct 25, 2013 -
Washington DC has had restrictions on the heights of its buildings
since the first year of its existence, thanks to its namesake -- George Washington himself laid down a limit of 40 feet in 1791 (and then suspended the limits, as did several of his successors). The limits waxed and waned over the next century or so until the U.S. Congress, in its capacity as the over-government of America's capital, laid down the Heights of Buildings Act of 1910
, setting the upper limit of any building at 130 feet. Now that the city is gaining population again (for the first time since the 1950s), developers and officials may be looking to release the federal height restrictions and give control to the city government
(which already has zoning limits in various areas that further restrict heights). The WaPo provides a visualization
demonstrating what the skyline might look like if the limits are raised, or even if areas filled out to the current Height Act maximums.
posted by Etrigan
on Sep 14, 2013 -
This is the majuscule axiom — the maxiom, let us say — for revolution. Revolution is a total thought, a thought of the totality; they are necessarily entangled. Reform, repair, regime change, recuperation: all of these are the politics of the partial, of isolating specific problems as if they admitted of independent solution. Ezra Pound said that the epic is a poem that contains history. What matter that we might amend the last word, a minor amendment at that, a swapping out of inseparable concepts? The epic is the poem that contains totality. [more inside]
posted by whyareyouatriangle
on Sep 4, 2013 -
From the mid 40s to the mid 50s Coronet Instructional Films
were always ready to provide social guidance for teenagers on subjects as diverse as dating
, preparing for being drafted
, and shyness
, as well as to children on following the law
, the value of quietness in school
, and appreciating our parents
. They also provided education on topics such as the connection between attitudes and health
, what kind of people live in America
, how to keep a job
, supervising women workers
, the nature of capitalism
, and the plantation System in Southern life
. Inside is an annotated collection of all 86 of the complete Coronet films in the Prelinger Archives
as well as a few more. Its not like you had work to do or anything right? [more inside]
posted by Blasdelb
on Nov 1, 2012 -
If you haven't heard much about how takeover deals like Dunkin' and KB Toys work, that's because Mitt Romney and his private equity brethren don't want you to. The new owners of American industry are the polar opposites of the Milton Hersheys and Andrew Carnegies who built this country, commercial titans who longed to leave visible legacies of their accomplishments, erecting hospitals and schools and libraries, sometimes leaving behind thriving towns that bore their names.
The men of the private equity generation want no such thing.
Greed and Debt: The True Story of Mitt Romney and Bain Capital
posted by hwyengr
on Aug 29, 2012 -
used to make thin-film solar cells, but they could not make any money. The Department of Energy tried to help with a $535 million “Green” loan guarantee but the DOE missed the memo that says EBITDA
needs to be in the black if they expect to keep taxpayers out of the red. Private investors kicked in another $70 million
eventually but only after the DOE primed
itself. As White House economic advisor Larry Summers
noted, “…[government] is a crappy vc
[venture capitalist]…" Thanks to the DOE though, 40 employees and 150 contractors got to keep their jobs for an extra week last year according to the WaPo
posted by otto42
on Nov 15, 2011 -
"But it is the worry that the key source of corporate profitability — Chinese labor — may no longer be docile and cheap for much longer that mainly nags at the country's corporate guests as well as its rising capitalist class. And many fear that the very ruthlessness that Zizek talks about — the iron fist that the Chinese state has deployed over the last three decades in order to achieve the unbeatable 'China price' — has become a central part of the problem
posted by notion
on Jul 9, 2011 -
Diversity counterproductive to "social capital?"
James Wilson's article in Commentary magazine talks about Harvard sociologist Robert Putnam's essay recently published in Scandinavian Political Studies. In the essay, Putnam publicizes the findings of his research, conducted in rural districts, towns, and cities, whose conclusion establishes that diverse neighborhoods show less "social capital" because ethnically diverse residents seem to distrust each other. [more inside]
posted by gregb1007
on Nov 2, 2007 -
A recent article in Reason magazine
discusses a World Bank report that comes to some unexpected conclusions, not the least of which is that "human capital and the value of institutions (as measured by rule of law) constitute the largest share of wealth in virtually all countries." Worldwide, the study finds, "natural capital accounts for 5 percent of total wealth
, produced capital for 18 percent, and intangible capital 77 percent." In other words, rich countries are not rich because they have cheap natural resources (or exploited those of other countries), they are rich because of their social institutions. [more inside]
posted by woodblock100
on Sep 11, 2007 -
Greek Temple Architecture
: They were houses--houses for cult statues, storehouses of treasures given to the gods--they were not churches. Worship consisted, by and large, of sacrificial ritual
: killing animals and eating them
, for the most part--and, hence, it was done out of doors. The Internet Ancient History Sourcebook's Accounts of Hellenic Religious Beliefs
and Accounts of Personal Religion
give additional flavor and context. Greek religious architecture evolved from wooden structures
and was tradition bound--they built in stone as they had in wood according to variations on a traditional canon called the orders
, first and foremost, the Doric Order
, the Ionic Order
and the Corinthian Order
. Here are some restorations
. I love restorations, on paper or models rather than at the actual sites. The first in a series.
posted by y2karl
on Jun 19, 2003 -
PK Interactive receives funding from idealab
According to the article on Yahoo News, "New York's PK Interactive, best known as the owner and publisher of popular "dot-com deadpool" site, F---edcompany.com, has received $18 million in private funding from idealab and its existing investors, Chase Capital Partners, Flatiron Partners and TechFund Capital."
Sort of a strange turn of events, no?
posted by ph00dz
on Apr 1, 2002 -