Author Topic: Economics for the Rest of Us  (Read 3947 times)

Antonia

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Re: Economics for the Rest of Us
« Reply #15 on: August 25, 2010, 09:12:29 PM »
Economics was not my strong subject while getting my MBA.

However I see collapse as inevitable.

Sooner or later we will suck the resources of Planet Earth dry.
All the measurements measure the wrong things so we're missing what is really happening.
Capitalism is predicated on unlimited growth, which cannot continue.
That growth is based on finite resources, faith in a market where nothing is tangible and on a dollar that really is just paper.

Meanwhile, the ice caps are melting.

Like I said, not my strong suit.
It is when we all play safe that we create a world of utmost insecurity. It is when we all play safe that fatality will lead us to our doom. It is in the "dark shade of courage" alone that the spell can be broken.
-- Dag Hammarskjöld

Toedancer

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Re: Economics for the Rest of Us
« Reply #16 on: January 02, 2013, 12:18:49 PM »
Capitalism is predicated on unlimited growth, which cannot continue.
That growth is based on finite resources


Yeah and look at the obscene division it has created, it can't last forever, but it'll last my lifetime.



By 1:18 pm on January 2 (today)
Canada’s top 100 CEOs will
have already pocketed $45,448.
It takes the average Canadian
an entire year of full-time work
to earn that.


Check out who/what PolicyAlternatives/Overcompensating


And the Payclock
« Last Edit: January 02, 2013, 12:23:50 PM by Toedancer »
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

Boom Boom

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Re: Economics for the Rest of Us
« Reply #17 on: January 02, 2013, 02:00:43 PM »
By 1:18 pm on January 2 (today)
Canada’s top 100 CEOs will
have already pocketed $45,448.
It takes the average Canadian
an entire year of full-time work
to earn that.



That's the kind of thing that should trigger popular uprisings.  :mad2

Toedancer

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Re: Economics for the Rest of Us
« Reply #18 on: April 21, 2013, 03:55:01 PM »
None of us are economists to be sure, but I just read this article in the NYT and thought, Holy Crap That Is Downright Anti-American so he'll immed. be trashed and yep he was. 


But if this was in the NYT's Imagine How Bad It Really Is?  :o


Here is the last several paragraphs -


All this would require drastic deflation of the realm of politics and the abolition of incumbency itself, because the machinery of the state and the machinery of re-election have become conterminous. Prying them apart would entail sweeping constitutional surgery: amendments to give the president and members of Congress a single six-year term, with no re-election; providing 100 percent public financing for candidates; strictly limiting the duration of campaigns (say, to eight weeks); and prohibiting, for life, lobbying by anyone who has been on a legislative or executive payroll. It would also require overturning Citizens United and mandating that Congress pass a balanced budget, or face an automatic sequester of spending.
It would also require purging the corrosive financialization that has turned the economy into a giant casino since the 1970s. This would mean putting the great Wall Street banks out in the cold to compete as at-risk free enterprises, without access to cheap Fed loans or deposit insurance. Banks would be able to take deposits and make commercial loans, but be banned from trading, underwriting and money management in all its forms.
It would require, finally, benching the Fed’s central planners, and restoring the central bank’s original mission: to provide liquidity in times of crisis but never to buy government debt or try to micromanage the economy. Getting the Fed out of the financial markets is the only way to put free markets and genuine wealth creation back into capitalism.
That, of course, will never happen because there are trillions of dollars of assets, from Shanghai skyscrapers to Fortune 1000 stocks to the latest housing market “recovery,” artificially propped up by the Fed’s interest-rate repression. The United States is broke — fiscally, morally, intellectually — and the Fed has incited a global currency war (Japan just signed up, the Brazilians and Chinese are angry, and the German-dominated euro zone is crumbling) that will soon overwhelm it. When the latest bubble pops, there will be nothing to stop the collapse. If this sounds like advice to get out of the markets and hide out in cash, it is.
The Corruption of Capitalism - [size=78%]http://www.nytimes.com/2013/03/31/opinion/sunday/sundown-in-america.html?pagewanted=1&_r=3&hp&[/size][/font][/font][/size]
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

Boom Boom

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Re: Economics for the Rest of Us
« Reply #19 on: April 21, 2013, 05:19:01 PM »
Did anyone see the CBC documentary last night about the world's gold reserves???  :o
 
Link: The Secret World of Gold
« Last Edit: April 21, 2013, 06:04:11 PM by Boom Boom »

Toedancer

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Re: Economics for the Rest of Us
« Reply #20 on: April 21, 2013, 11:05:48 PM »
I didn't BB, was lost in the Con gov't lickspittle PAY UP BOYS! No Danger Pay For You.


http://www.ottawacitizen.com/news/Canadian+soliders+Afghanistan+ordered+return+danger/8274080/story.html
"Democracy is not the law of the majority, it's the protection of the minority." -Albert Camus 1913-1960

 

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