Tag Archives: politics
Reforming Capitalism
Figure 1: Attribution: By LinkedIn [Fair Use], via LinkedIn Pulse A friend sent me this article and I found it to be a really good summary of what is wrong with capitalism in the United States and in an increasing extent the rest of the world. However, its proposed solutions don’t completely address the problem. […]
Comment on Article: Microaggression and Management
Microaggression and Management is an interesting article I found on Medium, a forum that curates a bunch of longer-format articles and blog posts. I don’t always have time to read the articles recommended but I thought I check out this one during a break. I have to say my reaction the article was quite visceral. I […]
Who Benefits From Economic Recovery?
Everyone is supposed to benefit, right? “A rising tide lifts all boats” is the saying that comes to mind. This statement assumes that an economic recovery will benefit everyone equally. What really happens is the very wealthy benefit the most because they have much more money invested in the economy. But, shouldn’t there also be […]
IMF admits it botched bailout of Greece
IMF admits it botched bailout of Greece I finally have a chance to commit to the ether some thoughts on this article. Apparently, the IMF has admitted in a report it published that it was “excessive” in its application of austerity measures in the case of Greece. This is a big admission from an organization […]
Ideas: Rethinking Depression (Parts 1 to 3)
Ideas: Rethinking Depression (Parts 1 to 3) Depression is an illness that people have been grappling with for as long as there has been a semblance of civilization. There have been many attempts to treat the sufferers of this malady from sending these patients to the seaside, to putting them in asylums, to electroconvulsive therapy […]
Oops! – Spreadsheet Error Invalidates Austerity Study
How a student took on two Harvard economists over their pro-austerity study — and won Their study, which found economic growth slows dramatically when a government’s debt exceeds 90% of a country’s annual economic output, has been cited by policymakers around the world as justification for slashing spending. Former U.S. vice presidential candidate Paul Ryan, […]
The Invisible Hand: Episode Five – Moral Hazard
“What is a Moral Hazard? To economists, it is a state that exists when people tend to take more risks knowing that someone else will bear the costs.” [The Invisible Hand: Episode Five – Moral Hazard] Couldn’t one say that this is the crux of what is wrong with our fetishism with unbridled capitalism? We […]
The Emporium of Lost Thoughts 