Tag Archives: Pecora Commission

nash

As a postscript to the series on America in 1939: the anatomy of change. Ogden Nash was a specialist in what could be called light verse Americana that fir squarely into the canon of the The New Yorker with his … Continue reading

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bank on it: riding the gatsby curve

Monopoly theories of profits. State sanctioned cartels. Wring out  last drop of blood, milking the last dollar. its ruling class economic-politics , closed and narrow, like minded, and they have a  self-perpetuating control of the key establishments of the state. And … Continue reading

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dial m for money

and manipulation. A nice cozy complicity. How to understand Bob Diamond? Maybe he rose to his level of incompetence. Or, perhaps we can compare Diamond to what writer  Jean Genet once said said about himself, that the only thing he … Continue reading

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passing the buck

The equal sharing of misery? Hang the rich? The first idea is that inequality is an issue that all of us need to be concerned with.Or, it has always been there but slightly below the radar in our “to do” … Continue reading

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brother can you spare a dime?

The Great Depression ended in every film. If it ever existed. Yes we could thank Shirley Temple for that. The great template that the American entertainment complex gave us, and keeps on giving us. To learn to love kids, and … Continue reading

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guess who’s coming to dinner

I think we can think of the entire financial system and its offpring: the derivatives market, forex, commodities exchanges, invisible transactions, etc. as one giant haunted house or horrors. Like something out of Kafka’s The Castle; its mysterious, it holds … Continue reading

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a thurber carnival: happy days are here again

The black, memorable year of 1929. Its 2011, three years since the great recession and the economic needle won’t budge.Employment is worse. And the housing crisis and foreclosures show little improvement. Are we in a socialized version of the dirty … Continue reading

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pie in the sky: for all the marbles

It was supposed to be in the name of truth and justice.It was a dog and pony show like those found in the small circuses wandering over the English countryside at the end of the nineteenth century. It  keeps coming … Continue reading

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Dix & threepenny opera: an explicit body politic

The classic Bertolt Brecht question was an examination of the inconceivable; two forces in which it was not possible to reconcile: how can people be dignified and ethical under capitalism? The stock market as a Three-Penny Opera. The petty thieving, … Continue reading

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ADAM SMITH & PONZI NATION: WEALTH OF RATIONS

Adam Smith published The Wealth of Nations in 1776 – not as a textbook, but as a polemical cannon aimed at governments that were subsidizing and protecting their merchants, their farmers, their manufacturers, against “unfair” competition, at home or from … Continue reading

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