Assorted links


Could the financial crisis be viewed as partially the result of private hyperinflation?

I learned much more from the Shirky essay than from the critique.

7. Yglesias: There is no pensions crisis. Seriously?

Viggo Mortensen is the zhizzle. As is Jung. I just wish Viggo Mortensen was playing Jung.

From the Shirkey critique:

And that populism is a problem, partly because for all his promotion of the underdog Clay ends up consistently on side of the free market and against collective efforts by working people to gain a respectable source of income.

The "free market" or "big companies"?

It's unclear to me how helping working people gain respectable sources of income equates to "collective action".

I'm not a big Shirky fan, but this is just lame.

#5 (de Soto) and #7 (Yglesias) go together.

The claim one wishes were true about modern forms of derivatives (that they are one of those terribly useful financial innovations) does need to be placed against de Soto's argument that troublesome derivatives are contra-capitalist if they are not traceable factual assets fixed on paper (or electronic equivalent), and if, as such, they lie outside enforceable rule of law. Like most of what de Soto says, this is important.

Yglesias is having a typical intra-left dialog, in this case with an aussie. Yglesias says capitalism is OK if you face up to the fact that it is actually nothing more exciting than ‘welfare state capitalism’. My intuition is different. There are areas of decay in modern capitalism. Non-commercial digital activities are the way to go, though Yglesias conveniently forgets the preceding and hyper-commercial technological and managerial innovations.

But could be there *is* too much complacency or generosity about retirement, universities, migration, trade... the areas Yglesias is so positive about.

To survive at the top advanced societies may need to relearn something earthy and Weberian about capitalism, the same lessons that developing societies like China are or will be learning. Could be that the dangerous informality of derivatives is one such lesson. Could be the work ethic is another. Shock horror.

Is De Soto right, that finance creates no value?

Thank you very much. This really helped me with my work. I appreciate your help. Thanks a lot.

I love Christian Louboutin!I bought 2 pairs of shoes at the
Christian louboutin pumps feel so much more comfortable and are so much sexier than I would know. The salespeople of christian louboutin pumps on sale are very friendly. I live in CA but call to order often and Scott always helps me pick out the most perfect shoes. They do special orders of shoes from past seasons for a 30% upcharge as long as they still have the materials and free shipping!. These are adorable shoes.I get compliments every time I wear christian louboutin pumps uk. They fit well and are quite comfortable; I walked around downtown DC today at lunchtime w/no problems. Christian louboutin pumps sale is good on the website.I hope that I can share my happiness and good things with you!

Comments for this post are closed