The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism – by Clara Mattei

austerity - past, present, future -articles, presentations, reviews - Clara E Mattei - The Capital Order - How Economists invented Austerity... political economy, monetary history

Growth! Growth! Growth! Wrong? Wrong? Wrong?

Freeports, fracking and trickle-down tax cuts wrapped in workfare austerity? Liz Truss latest Ode to Growth sounded so out of tune with realities, even the money markets didn't know if they should laugh or cry at this eye-wateringly incompetent re-hash of 1980's neolibbery. Neither FT nor Economist were amused, and the polls seemed to be … Continue reading Growth! Growth! Growth! Wrong? Wrong? Wrong?

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?

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...

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

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

featured/selected - updates below goodreads - countryfile - oxfordblue - ribaj - thetimes 2019 Who Owns England? - by Guy Shrubsole whoownsengland.org Who owns England? This blog is an attempt to answer that question – one of the most closely-guarded secrets in the thousand-year-old history of this country. Who owns our country matters. It matters … Continue reading housing – land, property, renting – inequality, rentier-capitalism

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.

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 College A book of dazzling breadth, provocative and persuasive scholarship. – Sylvia Marcos, Mexican feminist activist and scholar For too long the North has imposed its one-size-fits-all agenda on the South. – Dan O’Neill, economist, University of Leeds This Dictionary … 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

Historical effects of shocks on inequality: the great leveler revisited

Fresh of the research press : Looks Milanovic didn't disaggregate enough ? nature.com     17/4/2021   Historical effects of shocks on inequality: the great leveler revisited - Bas van Bavel , Marten Scheffer Abstract - Inequality of wealth and its associated power has varied greatly over human history. It is often thought that the main levelers … Continue reading Historical effects of shocks on inequality: the great leveler revisited

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

London Museum of Neoliberalism - Neo-Lib Google Gallery see also > history real existing capitalism > NEO LIBERALISM - GLOBALISATION - HISTORY - POLITICS - US - BUSINESS - ECONOMICS - WASHINGTON CONSENSUS - Mark-Fisher - John N.Gray neo-liberalism - featured/selected - updates 9-2022 here suhrkamp.de/ google/de 11-2021 Globalismus und Demokratie - Politische Ökonomie im … Continue reading real existing capitalism – neo liberalism

Code of Capital – Quinn Slobodian -W.Mattli,K.Pistor,S.Zuboff

The Code of Capital: How the Law Creates Wealth and Inequality Three new books paint a chilling portrait of darkness in Wall Street, the law, and technology. But the apocalyptic metaphors obscure the real problem, hindering how we fight back. review of Walter Mattli, Katharina Pistor and Shoshana Zuboff by QUINN SLOBODIAN ..." ...Mapping such … Continue reading Code of Capital – Quinn Slobodian -W.Mattli,K.Pistor,S.Zuboff

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 5-2022 (IN)EQUALITY now(ish) 4-2022 Inequality – The Long View 3/2021   Fed's QE feeds Matthew Effect 6/2020  The Unequal Mr Picketty 4/2020   Covid : Billionaires Chip In A Trillion gg page Branco  Milanovic  Inequality see also theguardian.com/inequality inequality.org/ The Journal of Economic Inequality articles etc updated 11-2022 theguardian.com 11-2022 Rising asset wealth … Continue reading INEQUALITY

DeGrowth or Décroissance anyone? (not just for Xmas)

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 or Décroissance anyone? (not just for Xmas)

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!

GROWTH! What Growth?

GROWTH! What Growth? intro/featured/selected – updates here - +here 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 … Continue reading GROWTH! What Growth?

Branco Milanovic

"Milanovic’s work is still the most detailed study of global inequality to date and should be read by all proponents of post-capitalist democracy..." Boris Frankel