Capitalism creates CRISIS!

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

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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 [...]

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 [...]

Examples of Capitalist exploitation in Romania…

As we have talked about in class many times before, capitalists in a capitalist country try their hardest to squeeze what they can out of their workers as they are the ones who turn supplies into goods.Their exploitation is one of the single worst aspects of capitalism and in Romania some foreign workers finally took [...]

How the people of Japan are coping during these economic downtimes…

I read an interesting article in the Naked Capitalism Blog  http://www.nakedcapitalism.com/2009/02/o…) on how the people of Japan have been handling the current economic crisis. As we all know, since WWII, Japan has been looked at as the case study on how capitalism can be brought to a foreign land and thrive because of it. However, [...]

Farming subsidies as talked about in class…

nbsp;http://www.nytimes.com/2008/12/11/opinio…
I found this that directly relates to the subject, it’s pretty interesting.

Welfare Misconceptions…

nbsp;http://www.youtube.com/watch?v=rnK84mM5N…
Ran across this link on YouTube and obviously it correlates to our ongoing discussion in class. Listen in to what Hannity says, specifically the part where he states “there are even people under the Obama tax plan that don’t work or pay taxes that will get money back”. Hannity makes it seem, as most conservatives [...]

Having Barack Obama as president…

I recently heard an amazing observation about this presidential race that I wanted to share. I know our nation has deeply rooted racial biases that most of the time, are hidden from plain sight. The notion that there is a political science term called the “Bradley Effect”, which essentially says that for a black man/woman [...]

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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