Energy Tycoon Wipes out Ortho Dogma – Cost of Living, Levelling Up and the Windfall Tax

unemployment down, vacancies up, wages down, inflation up, universal credit down, national insurance up - Cost of Living Hits Hard. Hard Enough to Find Money in a Windfall Tax?

ECO CRISIS – The kids are not ok – Un jeune désespoir – The planetary climate clock, in human time – by Julia Steinberger

ECO CRISIS - The kids are not ok - Un jeune désespoir - The planetary climate clock, in human time - by Julia Steinberger

(IN)EQUALITY now(ish) with Thomas Piketty, Lisa Adkins etal, Brett Christophers, Edward Fullbrook etal, Tade Oludayo, Anthony B. Atkinson

global inEQUALITY now(ish) with Thomas Piketty, Lisa Adkins etal, Brett Christophers, Edward Fullbrook etal, Tade Oludayo, Anthony B. Atkinson

Inequality – The Long View

This post points to several recent books on historic global inequality. “A Genetic History” by Carles Lalueza-Fox , “The Journey of Humanity: The Origins of Wealth and Inequality” by Oded Galor and “The Asset Economy and the End of Social Mobility” by Lisa Adkins, Melinda Cooper and Martijn Konings. But first a nod to the Dawn of Everything – A New History of Humanity by David Graeber and David Wengrow...

Christopher Leonard’s “The Lords of Easy Money”- reviews

Chris Lehmann/ January 19, 2022 source: https://newrepublic.com/authors/chris-lehmann How the Fed Supercharged Inequality - Journalist Christopher Leonard’s new book, “The Lords of Easy Money,” follows the unintended consequences of quantitative easing. Like any good economic euphemism, “quantitative easing” evokes the soothing prospect of crisis averted and equilibrium restored. The term—coined by former Federal Reserve Chairman Benjamin … Continue reading Christopher Leonard’s “The Lords of Easy Money”- reviews

direct finance, guaranteed income, UBI

direct finance, postive money, UBI Frances Coppola ,Annie Lowrey, Guy Standing,

Breaking Old News: HIERARCHY REDISTRIBUTES INCOME – US Inequality for Quants – by Blair Fix

Watch Blair Fix talk about how corporate hierarchies create income inequality, and make the rich get richer. "This paper explores the idea that the (re)distribution of top incomes is uniform because it is shaped by a ubiquitous feature of social life, namely hierarchy. Using a model first developed by Herbert Simon and Harold Lydall, I show … Continue reading Breaking Old News: HIERARCHY REDISTRIBUTES INCOME – US Inequality for Quants – by Blair Fix

Cop-out CoP and the elephant in the room

I am copping out of my CoP post. I am way off target. Instead of editing my article reviews I got lost in a meandering mishmash of a maybe essay on money, value and growth. Like "Growth! What Growth?" Trying to think (too) big was probably inspired by the Dawn of Everything. I've had too … Continue reading Cop-out CoP and the elephant in the room

housing -inequality, land, property, renting, rentier-capitalism

>inequality,inflation, housing, wages mishtalk.com 15-4-2022 Housing Affordability Declines Nearly 23 Percent In Less Than a Year - by Mish .."...The NAR defines affordable as the degree to which a typical family can afford the monthly mortgage payments on a typical home. (affordability calculation here) ... The US Housing Affordability Index has moved down to its … Continue reading housing -inequality, land, property, renting, rentier-capitalism

Pierre Bourdieu in Millenial Pink: ‘We need to talk about Money.’

  I was about to leave my bookshop empty handed when I spotted a money title from an author not male, not middle-aged and not white: "We Need to Talk About Money" by Otegha Uwagba. A rare book indeed! So collectible I bought the pricey hardback. Having read it I have no regrets. Like Bourdieu, … Continue reading Pierre Bourdieu in Millenial Pink: ‘We need to talk about Money.’

Extra Muros Heteros : Tuure Parkkinen’s Root Bug Macro

"Geolibertarian experimental monetary realist" Tuure Parkkinen's root bug economics represents an audaciously original "PraxisTheorie" of the type only an institutional outsider would dare come up with.

Why not Dress Rhodes in the Slave Collar of Racism?

Anthony Gormley has suggested turning Cecil Rhodes statue to face the wall in shame. My suggestion is meant to be a bit more explicit. A slave collar points to the history of racism as a rationalisation of slavery.

Wie die Welt QE-süchtig wurde. Ann Pettifor zur Illusion des marktkonformen Entzugs.

Das dysfunktionale globales Finanzsystem wurde abhänging vom Neugeld der QE Notfallinfusionen. Der Glaube an systemkonforme Entzugstherapie ist eine naive Illusion.

Rehab Anyone? Ann Pettifor on going cold turkey as Lords poke into QE

"The only way to call time on QE, if that is what we truly want, is to deconstruct and then reconstruct, regulate and stabilise the whole financial system, so that the extraordinary privilege of credit creation is always balanced by a responsibility not to take undue risks." Ann Pettifor

The Addictive Profits of Pain

Sacklers banale sadism - has US capitalism gone masochistic? US pharma, opioid crisis, health, Oxycontin – reviews, articles, books

diversity 101 = pluriverse

    endorsements A way to understanding an alternative future. – Juliet Schor, Sociology, Boston CollegeA book of dazzling breadth, provocative and persuasive scholarship. – Sylvia Marcos, Mexican feminist activist and scholarFor too long the North has imposed its one-size-fits-all agenda on the South. – Dan O’Neill, economist, University of LeedsThis Dictionary charts pathways for … Continue reading diversity 101 = pluriverse

Confirmed: QE feeds Matthew Effect

Breaking Old News - QE really does feed Matthew effect!  Following bankers' earlier observations we now have official mainstream confirmation that  "softer monetary policy increases inequality." Not just in the US.  A fresh study by A.L. Anderson etal  provides "... new evidence on the distributional effects of monetary policy based on detailed administrative household-level data. The … Continue reading Confirmed: QE feeds Matthew Effect

Fresh Fish Anyone?

European Union (EU) - Spain - Fisheries - Tuna - Overfishing - African Union - Senegal - Fishery

State of the Planet

“Transformative changes are now necessary" says the Nobel report. Will the event be a spectacle of technological inventions? Would be nice to see some monetary innovations, too. Just follow the money ... nobelprize.org  our planet our future - solutions sessions On day three of the Nobel Prize Summit our partners will be hosting events that … Continue reading State of the Planet

Banking on Values

"A fool is someone who knows the price of everything and the value of nothing". Central banker Mark Carney has diagnosed a crisis in value(s). He doesn't just mean prices being misaligned with values as in frothy asset overvaluations. That's just a symptom of a deeper malaise. The central idea of his book, says the … Continue reading Banking on Values

real existing capitalism – neo liberalism

Neo-Lib Gallery real existing capitalism > NEO LIBERALISM - GLOBALISATION - HISTORY - POLITICS - US - BUSINESS - ECONOMICS - WASHINGTON CONSENSUS - Mark-Fisher - John N.Gray neo-liberalism - articles & updates - 4-2022 academia.edu gm/pdf 2020 Surviving Democracy--Mitigating Climate Change in A Neoliberalized World - by 倩儀 盧 Is democracy, in its neoliberalized … Continue reading real existing capitalism – neo liberalism

Matthew Effect – inequality

Daniel Rigney   The Matthew Effect "The old saying does often seem to hold true: the rich get richer while the poor get poorer, creating a widening gap between those who have more and those who have less. The sociologist Robert K. Merton called this phenomenon the Matthew effect, named after a passage in the gospel … Continue reading Matthew Effect – inequality

INEQUALITY

GM posts/pages on inequality 3/2021   Fed's QE feeds Matthew Effect6/2020  The Unequal Mr Picketty4/2020   Covid : Billionaires Chip In A TrillionBranco  Milanovic  Inequalitytheguardian.com/inequality articles etc updated 4/2022 theguardian.com 17-4-2022 Rich countries that let inequality run rampant make citizens unhappy, study finds - Study of 78 countries reveals impact of economic exclusion, including on changing fortunes … Continue reading INEQUALITY

DeGrowth – Décroissance for Xmas anyone?

degrowth updates here Décroissance, or degrowth, is a story of hope amidst adversity. Just like Xmas. Born of the adversities of a poisoned and plundered planet, degrowthers say "No! No More! Let's get out of the Old National Market Hall of Sickly Scarcity and into the New Global Banquet Hall of Happy Abundance... Yes, contrary … Continue reading DeGrowth – Décroissance for Xmas anyone?

The Unequal Mr Picketty

https://www.youtube.com/watch?v=uWSxzjyMNpU                    TheRulesOrg  2013 Global Wealth Inequality - What you never knew you never knew  update here https://www.youtube.com/watch?v=GcVBM-6DQrg    WID   2018   World Inequality Report https://www.youtube.com/watch?v=QPKKQnijnsM&t=172s politizane   2012   Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual … Continue reading The Unequal Mr Picketty

Billionaires Chip In A Trillion

Speaking for the  The Giving Pledge campaign group, Bill Gates has announced their plan to make an unprecedented contribution to the current crisis. The aim is to commit 10% of their wealth to help all those who are falling through the net of the current rescue packages, including all the victims in poorer countries. The campaign … Continue reading Billionaires Chip In A Trillion

Crisis? What Crisis!

"Almost no chance of a recession this year", concludes Barron's roundtable, "markets will gain despite looming risks."  "Recession has been "priced out in a rally for the record books" booms bloomberg and forbes feels that now "only the perennial bears believe" in a 2020 recession. Investors "go into the new decade with a spring in … Continue reading Crisis? What Crisis!

Ann Pettifor

g0g   deutsch hier Worldwide there are about 15.000 economists.  Six of them did predict the 2008/09 global-financial-crisis. Ann Pettifor was one of them. "Ann Pettifor, director of Policy Research in Macroeconomics (PRIME).  Pettifor’s 2006 publication – The Coming First World Debt Crisis – bombed on its release, but became a bestseller after the GFC. … Continue reading Ann Pettifor

GROWTH! What Growth?

Alf_Hornborg writes in his article “How to turn an ocean liner”:  “Although soon reduced to a heterodox and marginalized position, the critique of growth has continued to challenge mainstream dogmas of economics and policy for over four decades. Countless debates have raged on what exactly is the problem of sustainability, whether the design of taxes … Continue reading GROWTH! What Growth?