Steve Keen, professor of finance and economics, is opposed to capitalism parasitizing itsef by letting the financial sector create far more credit than people really need. He suggests that protesters should occupy universities as they have contributed to the spread of the decadent ideas that dominate modern economics today. In this clip BBC’s Hardtalk lets Keen elaborate his radical views on how to design the future credit system.
Chief Investment Officer of JP Morgan, Michael Cembalest, talks energy in his latest market report. Topic: The quixotic search for energy solutions.
Source: Forbes [via Paul Kedrosky]
Source: xkcd money.
Recently the American «Big Food» Industry successfully lobbied to define pizza sauce as a vegetable under school lunch rules. Most nutritional changes that doctors have been advocating for years have also been blocked by the industry, essentially forcing impoverished schools to continue serving unhealthy, processed food to children.
As these collective meals seem to be a burden, both directly and indirectly, for public budgets, how about a encouraging more parents to prepare healthy meals their children can bring to school? This is no thorough solution, of course. Just a passing thought on this specific matter, corresponding with the individualistic American philosophy. The problems are obviously deeper rooted, closely intervened with other sectors, and prompts a greater systemic change.
Frugal Dad made this amusing visualization on what they claim is «a shocking consolidation of the American Big Food Industry». I hope we see a substantial reorganization of sector subsidies and laws – preferrably not solely written by big business this time around.
Happy Thanksgiving!
Source: Frugal Dad [I thank Kirsten for the pointer]
.
WSJ Markets
Recent Comments