Course Blog for Soc 3151: Social Issues and Social Policy at Baruch College
Edward Harrison of Credit Writedowns, posted this article on NakedCapitalism.com which dissects the government’s plan to buy up to 1.4 trillion dollars worth of toxic assets that are clogging up the banks balance sheets. This is an effort to stimulate the credit market, that if successful should partially revitalize the economy and reduce the fear of both lenders and [...]
I am reading an article from naked capitalism-an original post from The Huffington Post. This article echoes Jon Steward’s recent criticisms of CNBC superstar Jim Cramer and the entire network for acting like market cheerleaders rather than financial journalists. Thomas Frank, a Wall Street journal columnist, argues that financial journalism was an upward failure.
The reasons [...]
I remember when I was talking to couple of my friends back in 2005 about housing market while it was booming. Everyone of us thought buying property and how well market is doing and how we may not be able to buy anything in next 5 years if prices will keep this way. However we [...]
In class we have spoken about many different financialized markets, most of who have some aspect of unproductive labor driving up their profits. The article, Harvard Medical School in Ethics Quandary in the New York Times explains this aspect within the pharmaceutical market.
The article exposes the intimate ties between the large pharmaceutical companies, like Merck [...]
Although this video may at first seem like a conspiracy theory, some of the people in it speaks about some practices of capitalism.
One of the most interesting parts of this video comes at 57:18 where one of the guys explains how the “federal reserve” is a private bank that bankrupted the United States, and since [...]
Ga Young (Gina) Jeon
Professor Jesse Goldstein
“Four Crises of the Contemporary World Capitalist System”
Author: William K. Tabb
Before constructing an outline for this article, I’d like to inform you that Tabb approaches the financial analyses with the motivation to “inform progressive governments and movements for social change (1).” Tabb critiques the contemporary crises in four distinct yet inter-related [...]
When looking for an article to read I always look for a first paragraph that grabs me. In the article entitled ” Why the U.S stimulus package is bound to fail” by David Harvey this exactly what happened. Harvey like a very intelligent man compares the financial crisis to an earthquake.
“Much is to be gained [...]
I read a well-written article from the Radical Perspectives On The Crisis blog titled “Staring Into Black Water“. Basically it talks about how determining what will happen in the economy, even in the near future, is virtually impossible. We can see the general problems afflicting the health of the worldwide economy, but only time will tell how deep the [...]
This article is from the website www.nakedcaptilism.com . I was particular interested in the differences in the Fiscal and Monetary policies in America compared to that of Europe. The article also provided me with some insight on the effects of government intervention in the economy.
This article examines the effects of the financial crisis in Europe [...]
I read an article from nakedcapitalism.com called “Banks Supposedly Will Cut Consumer Credit Card Lines by $931Billion if Reforms Mandated”. I thought this would be a good article to read because in our discussions in class we talked about consumerism and this relates because consumer debt is the reason why credit companies are decreasing people’s credit [...]
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