Capitalism creates CRISIS!

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

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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, [...]

“Education as Commodity: Corporate Dollars Seek to Redefine Public Schools”

This was an article i read for my paper on education, written by Jack Gerson and Steven Miller, from an independent newspaper which tackles the idea of privatizing education in order to help improve the standard of education, especially here in new york. The article was based on a commission given in December 2006 by the New commission on [...]

“The Commodification of Wisdom”

This is an academic article i read while doing research for my paper, which deals with the commodification of education, and how education today has been increasingly standardized similar to other commodities in economic markets. Author Mary Kupiec Cayton, shows how education has essentially entered the global market and has been standardized to a point where [...]

“From the Banking Officialdom: So This is Meant to Reassure?”

This was an article I read from the Naked Capitalism blogs and I found it to be quite interesting. It was based on a joint statement (http://treasury.gov/press/releases/tg38.htm) released by the treasury, FDIC, OCC, OTS, and the Federal Reserve and discussed how the entire financial system is extremely important to the economic system in the U.S. [...]

Is Food-Stamp Use Nearing an All-Time High?

So this is an article I found on NYTimes. It argues how the Washington Post recently had a front page article about rising hunger and how the number of Americans on food Stamps is reaching a “record high” but fails to take into account the fact that the population is growing. Basically, false and exaggerated info is [...]

“The Candidates Debate Tax Cuts and Welfare”

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So this is a recent article on NYTimes in which both McCain and Obama criticize the other’s tax policies, while making references to welfare. Basically McCain has been calling Obama’s Tax proposal a “welfare giveaway to working class voters”. He even accuses Obama of wanting to turn the IRS “into a giant welfare agency, redistributing [...]

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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