Capitalism creates CRISIS!

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

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“The engine of unbridled capitalism, with its unfair system of thought, has reached the end of the road and is unable to move.”

Ahmadinejad would probably like this blog.  Here’s the article link:
http://www.cnn.com/2009/POLITICS/09/23/general.assembly.ahmadinejad/index.html?eref=rss_topstories

Untreated Illness Seems like the Cheapest Option for Everyone

This post is about an article i was reading, Job-Based Health Insurance: Sick and Getting Sicker, from Dollars & Sense.  The article discusses the recent trends of job-based health insurance and the horrible effects.
In the past having a stable job meant that medical bills was something you never had to think about.  Most companies took [...]

Pharma Corruption

I have just read, Dean Baker: How to End Corruption in the Drug Industry by Yves Smith, an article from Naked Capitalism.  The article raises many of the big issues within the Pharma market, particularly within research.  It then suggest some solutions that arguably can fix this corruption.  Overall, the problems it sites are rather [...]

Medical Students, the Next Advertising Frontier

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 [...]

“Their Assets, Our Debts” A look at how the American worker is exploited through history to keep our industry expanding

I am reading an interesting article from CounterPunch newsletter on the America history of restoring a crisis.
In this article, the author explains how our economic system manages to remain afloat even when it seems like there are more “assets” (debt) for the government to buy up than there are actual profits turning.  She explains that [...]

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RSS Naked Capitalism

  • Links 11/22/09 November 22, 2009
    Unburied bodies tell the tale of Detroit — a city in despair Times Online Economists: Wrong Again Michael Panzner The illusion of improving global imbalances Richard Baldwin and Daria Taglioni, VoxEU (hat tip reader Don B) Unemployment rates rise in 29 states CNN (hat tip reader John D) Wall St. Finds Profits Again, Now by Reducing Mortgages Louise [...] […]
  • 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 [...] […]

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RSS Naked Capitalism

  • Links 11/22/09 November 22, 2009
    Unburied bodies tell the tale of Detroit — a city in despair Times Online Economists: Wrong Again Michael Panzner The illusion of improving global imbalances Richard Baldwin and Daria Taglioni, VoxEU (hat tip reader Don B) Unemployment rates rise in 29 states CNN (hat tip reader John D) Wall St. Finds Profits Again, Now by Reducing Mortgages Louise [...] […]
    Yves Smith
  • 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