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But generally, the move from government provision of housing, food, and jobs programs to this network of semiprivate organizations introduced perverse incentives into life-sustaining institutions. The result has been a wealth transfer of public money to boards of directors staffed largely by local elites that are more likely to be responsive to rea
... See moreDavid A. Banks • The City Authentic: How the Attention Economy Builds Urban America
John Bogle • "Enough"
Since it is now clear that a certain amount of stability is necessary for cultural vibrancy, the question to be asked is: how can this stability be provided, and by what agencies?
Mark Fisher • Capitalist Realism: Is there no alternative?
Thinking about government as an economic unit that sells protection led Lane to analyze the control of government in economic rather than political terms. In this view, there are three basic alternatives in the control of government, each of which entails a fundamentally different set of incentives: proprietors, employees, and customers.
James Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
who has access to and control over the legal code and its masters:
Katharina Pistor • The Code of Capital: How the Law Creates Wealth and Inequality
If public debt is unsustainable and the burden on government budgets is too great, what does this mean for government bonds? The inescapable conclusion is that government bonds currently are a Ponzi scheme. Governments lack the ability to reduce debt levels meaningfully, given current commitments. Because of this, we are likely to see “financial op
... See moreJohn Mauldin • Endgame: The End of the Debt SuperCycle and How It Changes Everything
It was precisely the capacity to rake in resources that made democracy supreme during the megapolitical conditions of the Industrial Age. Mass democracy went hand in hand with industrialism. As Alvin Toffler has said, mass democracy “is the political expression of mass production, mass distribution, mass consumption, mass education, mass media, mas
... See moreJames Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
And the extreme concentration of income and wealth – in the hands both of billionaires and of corporate boards – rapidly turns
Kate Raworth • Doughnut Economics: The must-read book that redefines economics for a world in crisis
the ability of portfolio investors to move money unfettered across national borders is a matter of controversy among economists, much more so than is the freedom of trade in goods. With regard to this aspect of global capitalism, the Argentine crisis underlines the need for major repair. It points inexorably to the conclusion that government effort
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