7 posts tagged with wealth and history.
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What's changed and changing about (American) politics?

The three party system - "There are three major political forces in contemporary politics in developed countries: tribalism, neoliberalism and leftism (defined in more detail below). Until recently, the party system involved competition between different versions of neoliberalism. Since the Global Financial Crisis, neoliberals have remained in power almost everywhere, but can no longer command the electoral support needed to marginalise both tribalists and leftists at the same time. So, we are seeing the emergence of a three-party system, which is inherently unstable because of the Condorcet problem and for other reasons." [more inside]
posted by kliuless on Mar 4, 2016 - 77 comments

Rich people in thrift stores also disgust me.

"Saada: In some ways, “inconspicuous chic” is about a perceived entitlement to money, not money itself. People who flaunt their wealth by wearing tons of brands and being flashy are not considered wealthy; more often they’re seen as nouveau riche vis-a-vis old-monied. ...Maybe if they were bulldozing low income housing to build a huge Barney's I would be concerned, but to be upset about how rich ladies shop is almost pointless." ---- Clothes & Class - An Adult Magazine roundtable discussion of the minutiae of high fashion, low budgets, the history of class signaling and inconspicuous chic. With Saada Ahmed, Katherine Bernard, Durga Chew-Bose, Fiona Duncan, Hari Nef, Steve Oklyn and Arabelle Scicardi. (NSFW main photos and related ads. Extreme fashion nerdery)
posted by The Whelk on Sep 25, 2015 - 84 comments

Born sinner, the opposite of a winner

Why is there Poverty? An Animated History. From WhyPoverty.net. [more inside]
posted by Potomac Avenue on Dec 19, 2013 - 5 comments

Sinking.

How Venice's 1% put an end to social mobility, and what the US can learn from it - SLNYTOP
posted by The Whelk on Oct 14, 2012 - 50 comments

Hetty Green

Best known for the (exaggerated) tales of her miserliness, Hetty Green was arguably the greatest female investor in history. During the 1907 Bankers' Panic, her loan of $1.1 million helped keep New York City solvent. Her estate - greater than that of J.P. Morgan's - was valued at more than $2 billion in today's money. [more inside]
posted by Trurl on Feb 5, 2012 - 18 comments

funemployment

How a New Jobless Era Will Transform America
The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It may already be plunging many inner cities into a despair not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come. (via rw)
posted by kliuless on Feb 11, 2010 - 84 comments

What Happened to My Forty Acres and a Mule, Fool?

40 acres and a mule has been a slogan of African-American economic aspirations ever since the legislation creating the Freedman's Bureau promised ex-slaves parcels not exceeding forty acres each, to the loyal refugees and freedmen. General William Tecumseh Sherman's Special Field Order No. 15 decreed that the land on slave plantations be seized and distributed to freed slaves, but Andrew Johnson rescinded the order and vetoed expansion of the Freedman's Bureau. Both Henry Louis Gates and Dalton Conley have associated the failure to grant freed slaves their "40 acres and a mule" with the wealth gap between black and white Americans, but now an economics grad student, Melinda Miller, has brought important quantitative data to the debate in a new research paper. [more inside]
posted by jonp72 on Dec 14, 2007 - 43 comments

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