Tag Archives: Joseph Stiglitz

shirtsleeves to shirtsleeves in 3 generations

Sacred cow. The image of America as the land of opportunity,the near birthright that the current generation will surpass their parents and grandparents up the income and status ladder. Slowly, Americans are coming to realize that this narrative is still … Continue reading

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cyclical or structural?

Technological unemployment… Is our current unemployment malaise of cyclical or structural nature? According to Paul Krugman and Joseph Stiglitz the answer is more stimulus, more government printed money washing through the economy as if at a luxury spa where we … Continue reading

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waiting for those UI cheques

….Technological unemployment. It’s an old story that’s been knocking at the door for over thirty years, but the message is finally coming home. The old economics textbooks of the late seventies were preaching the gospel of a future of machines … Continue reading

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wall street : hot under a blue collar

If anything, the eviction of the Occupy Wall Street protestors has simply evoked the long-standing fallacy of Joseph Stiglitz’s assertion of the 1% vs. 99% thesis. The police. Those on blue know where the bread is buttered and those in … Continue reading

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the fab four

Is Occupy Wall Street an authentic movement or just a fad? Or, is the “real” just a metaphor for mass-produced and generic with an expiry date? Can an authentic movement lose its eternal qualities and become a fad? It is … Continue reading

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business is business: 20% solution

Balzac: Behind every great fortune is a great crime….Cornel West? No. Noam Chomsky? no. Slavoj Zizek? no. The single academic who has done the most to influence¬† the nascent movement of Occupy Wall Street¬† is someone almost completely under the … Continue reading

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the syrian bridesmaid revisited

What if you shave off the rhetorical baggage and ideology from the individual? What is left after sifting through the debris of myth and stereotype and generalization while hoping to eye a few shards; archaeological artifacts of the real? What … Continue reading

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spilling the magic beans

Double dip or double down? A double double? The question is whether we are simply procrastinating on realizing that technology is essentially deflationary and we are accumulating a waiting list of unemployment. President Obama’s dinner with Silicon Valley high tech … Continue reading

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50 ways to leave your job

Is the cup half full or half empty? Does evaporation count? Is deflation inevitable? Even helicopter Ben may be running out of tools and ammo and if the property bubble bursts in China which is likely or their commodities takes … Continue reading

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the lost decade: a hang five for prosperity

Socially, politically and economically, we are entering uncharted waters. We appear to be at the cusp on some major transformations. The issues are rather complex, seemingly beyond the comprehension¬† of the present crew of economic advisers. The result is a … Continue reading

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