“Whether as taxpayers or consumers, pretty much everyone in Britain is now human feedstock for Big Capital. This may not be how you see yourself. After all, you’re a customer and in our dynamic, choice-stuffed markets the customer is king. Except that the propaganda doesn’t match reality.” Aditya Chakrabortty asks what Britain is actually for.
“Der Westen, der so stolz auf seine Werte ist, verschließt seine Grenzen für verängstige Menschen auf der Suche nach einem besseren Leben. Aber er öffnet sie für schmutziges Geld auf der Suche nach einer besseren Anlage.” Jakob Augstein identifiziert nicht die Flüchtlinge als unser Problem—sondern die Steuerflüchtlinge.
Forget Panama: it’s easier to hide your money in the US than almost anywhere.
“Our options, he argues, can be divided into three general categories: austerity, stimulus and doing nothing. He, like an increasing number of mainstream economists, believes we can now scratch austerity off the list.” Adam Davidson talks to Adam Posen, until recently a member of the Bank of England’s Monetary Policy Committee, about ways to fix the UK’s economy.
“There’s been a lot of academic research suggesting that men think they know what they’re doing, even when they really don’t know what they’re doing.” Tim Adams reports on why a sufficiently high percentage of women in decision-making positions might have prevented the 2008 financial crash.
“Evidence indicates that when it comes to Wall Street, the justice system not only sucks at punishing financial criminals, it has actually evolved into a highly effective mechanism for protecting financial criminals.” Financial crisis ongoing, Matt Taibbi’s article should be of interest to anyone.
“It is the intersection of several underlying trends that have brought us to this point, not a breakdown in any specific part of the financial sector.” Michael Flynn looks at the underlying reasons for the current Wall Street crisis.