http://swampland.blogs.time.com/2009/09 ... ets-worse/
http://www.nytimes.com/2009/09/06/magaz ... .html?_r=2
a nice quote from the article:
Further comments on the above article, not sure how I feel about them, but some are fairly accurate:...And Keynes considered it a very bad idea to let such markets, in which speculators spent their time chasing one another’s tails, dictate important business decisions: “When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.”
http://www.huffingtonpost.com/jane-smil ... 77065.html
A quote commenting on the article was interesting. I read quotes as much as articles to get a sense of the public/readers.
Finally, since it got buried by a page change, my previous post's link:I think to infer that economists don't have an "inside" and are morally bankrupt or just stupid is a bit dense and to be honest very rude. There are economists that study imperfect markets and irrational behavior. There are economists who study the impact or externalities and economists that account for those externalities in their cost benefit analysis. There are economists who study sustainability and environmental preservation. There are economists that spend most of their time studying the sociological aspects of economics. Unfortunately, these voices are not popular because their research does not provide easy, cheap solutions that ultimately make corpratists more money.
Do you think oil companies want to add the price of every dead seal or destroyed coral reef into the price of their oil. Of course not. If oil prices actually reflected the total cost of oil production we would be a nation that ran entirely on renewable energy because using fossil fuels would no longer be even slightly competitive.
We don't hear these voices on a national level for the same reason we continue to hear these bald faced lies in the health care refom debate. Rich companies have all the power in this country and they have the means to silence any one they want. As long as we have companies and politicians fighting for deregulation we will continue to see the same problems over and pver again.
http://news.yahoo.com/s/ap/20090904/ap_ ... llionaires
This makes me happy, though I'm sure there are angry conservatives somewhere raging about "not paying criminals for their time" and "why ain't I getting that much money when I work an honest living?"
To them I simply say: Did you work in a cage under the supervision of armed guards for years at a time, while other people tried to hurt you and you had no access to any happiness at all? No? Then shut up.
Oh, and another little tidbit:
http://rethinkafghanistan.com/blog/?p=604
http://www.huffingtonpost.com/malou-inn ... 77411.html