Capitalism creates CRISIS!

Course Blog for Soc 3151: Social Issues and Social Policy at Baruch College

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Archive for May, 2009

JP Morgan Says Losses on WaMu Credit Cards Could Reach 24%

I smell a “ahh I knew this was going to happen moment”. Almost like a kick in the face.  This article basically talks about the credit card loans that many banks are failing to collect. Hmm, I woornder why. This is to say and show how serious credit cad debt is. I mean banks offer [...]

Standards of Fashion

It seems as if everyone wants something different.  The more unique the clothing is, the more fashionable and expensive it will be.  The article “Fashion lives outside malls” by Anna Barbara Lorenzo, does a good job at describing how the mass production hurts fashion marketability.  She stated:
“Mass production maybe good for certain businesses, but it [...]

steal this university

these are the quotes I got from the first two chapters of steal this university, which helped me write my paper.
 
“in the past twenty years, more than 500 new for-profit colleges and universities have opened their doors- at the four year level, for-profits have increased their number from 18 to 192. “- p15
-this is a [...]

Suprstar Economics #2

           I reviewed the article, “Superstars without talent? The Yule distribution controversy”, by Laura Spierdijk and Mark Voorneveld. The article is quite interesting, as it focuses on the world wide phenomenon of novice artists that start their career with little or no talent and end up with all the benefits of being a superstar. The [...]

Financialization of the NBA…part 2

Jeff Schmidt writes in Disciplined Minds that industry looks for “an obedient thinker, an intellectual property whom employers can trust to experiment, theorize, innovate and create safely within the confines of an assigned ideology” (Schmidt), so to, the NBA does the same with its players. Have you ever heard a player speak out on the [...]

Superstar economics #1

           Sherwin Rosen’s, “the economics of superstars”, is a very interesting article. This is a topic which I wanted to research and write on for quite some time. To start off, all artists these days are signed for profit gain. The way that playing the stock market is a gamble, the same is with artists. [...]

The Oligarchy

          I read an excerpt from Simon Johnson’s article, “U.S. Oligarchs and their Minions”. The article basically states that one possible outcome that can occur if, this financial crises prolongs in a certain way, is the reign of an Oligarchy. Now, the definition of an Oligarchy is a form of government where power effectively rests [...]

Financialization of Pop Teen Idol

Disney seems to have alot of new comers of the music industry. Everyone starts out young and then Disney seems to replace them with even younger more talented kids, who not only can sing but can act too. Disney makes money, not only by making mini-series of their popular teen shows, but with movies and [...]

Egoavil: “Fictitious Capital and the New-Fangled Schemes of Public Credit ”

This was an article on the radical perspectives website which discusses Carl Marx’s theory of fictitious capital. As we all know Carl Marx was very critical of Capitalism and how he believed it only produces class struggles and inequalities. In this particular article, Michael Egoavil discusses Marx’s views on a particular aspect of Capitalism, securities, [...]

Finnancialization of the NBA…

Looking at the NBA today, it is easy to see that the game has gone through a major change since its inception in 1946. One such change has been the role that owners play in the game and for the cities whom their teams represent. It used to be that owners of NBA teams acquired [...]

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RSS Naked Capitalism

  • Antidote du Jour November 21, 2009
    Apologies for absence of links! Hope to be back to closer to usual programming early next week. […]
  • Stop the madness now! November 20, 2009
    By Edward Harrison of Credit Writedowns. A reader at Naked Capitalism asked us to respond to a recent article from the Christian Science Monitor asking Does US need a second stimulus to create jobs? Marshall Auerback has already done some heavy lifting – and taken all of the heat in the comments. He says emphatically yes. Now [...] […]
  • Dodd: Bernanke Confirmation “Not Necessarily” a Foregone Conclusion November 20, 2009
    This clip is from an interview with blogger Mike Stark. Apologies for the poor sound quality. While Dodd indicates that he is “inclined to be supportive” of Bernanke, he is surprisingly cautious about making a broader statement, a sign of a shift in sentiment. […]
  • Ivy Zelman: “Home prices are going back down” November 20, 2009
    By Edward Harrison of Credit Writedowns. Yves is stuffed again today, so I am going to post at least once or twice. Hopefully, we will also see something from Jesse or George as well. This is a post I wrote overnight about rising delinquencies and shadow housing inventory. I am not convinced house prices [...] […]
  • Links 11/20/09 November 20, 2009
    the price of water Archein Lions kill rare white tiger at Czech Republic zoo BBC (hat tip reader Steve L) Moira man fights off deer attack Press Republican (hat tip reader John L) Cinema popcorn is nutritional horror show: US study Raw Story (hat tip reader John D) The jobless rate-interest rate conundrum Tim Iacono Canada’s sub-prime mortgage time [...] […]

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RSS Naked Capitalism

  • Antidote du Jour November 21, 2009
    Apologies for absence of links! Hope to be back to closer to usual programming early next week. […]
    Yves Smith
  • Stop the madness now! November 20, 2009
    By Edward Harrison of Credit Writedowns. A reader at Naked Capitalism asked us to respond to a recent article from the Christian Science Monitor asking Does US need a second stimulus to create jobs? Marshall Auerback has already done some heavy lifting – and taken all of the heat in the comments. He says emphatically yes. Now [...] […]
    Edward Harrison
  • Dodd: Bernanke Confirmation “Not Necessarily” a Foregone Conclusion November 20, 2009
    This clip is from an interview with blogger Mike Stark. Apologies for the poor sound quality. While Dodd indicates that he is “inclined to be supportive” of Bernanke, he is surprisingly cautious about making a broader statement, a sign of a shift in sentiment. […]
    Yves Smith
  • Ivy Zelman: “Home prices are going back down” November 20, 2009
    By Edward Harrison of Credit Writedowns. Yves is stuffed again today, so I am going to post at least once or twice. Hopefully, we will also see something from Jesse or George as well. This is a post I wrote overnight about rising delinquencies and shadow housing inventory. I am not convinced house prices [...] […]
    Edward Harrison
  • Links 11/20/09 November 20, 2009
    the price of water Archein Lions kill rare white tiger at Czech Republic zoo BBC (hat tip reader Steve L) Moira man fights off deer attack Press Republican (hat tip reader John L) Cinema popcorn is nutritional horror show: US study Raw Story (hat tip reader John D) The jobless rate-interest rate conundrum Tim Iacono Canada’s sub-prime mortgage time [...] […]
    Yves Smith