Showing all posts tagged capitalism:
"So, for large complex financials, capital cannot be measured precisely enough to distinguish conservatively solvent from insolvent banks, and capital positions are always optimistically padded. Given these facts, and I think they are facts, even “hard" capital and leverage restraints are unlikely to prevent misbehavior. Can anything be done about this? Are we doomed to some post-modern quantum mechanical nightmare wherein “Schrödinger’s Banks" are simultaneously alive and dead until some politically-shaped measurement by a regulator forces a collapse of the superposition of states into hunky-doriness?"
-- steve randy waldman
"in practice the process of medicalization tends to strip subjects of their social context, so they come to be understood in terms of the prevailing biomedical ideology, resulting in a disregard for overarching social causes such as unequal distribution of power and resources."
"The spirit of capitalism regulates the political economy of unhappiness, aiming to ensure that individuals find partial fulfilment in work and consumption. If they found no fulfilment, there would be a risk that they might opt out; yet if they found too much fulfilment, this could signify a satisfaction of desire that is anathema to an economic system that depends on desire remaining inexhaustible. Real happiness, Adorno reminds us, would mean no longer seeking ever more and ever newer sources of satisfaction. Real progress would mean abandoning the obsession with technical and economic progress. Far safer, therefore, for the capitalist to promise substantive eudaimonia, but to deliver only a taste of it, or substitute it for a more instant hedonic experience that leaves the individual still wanting more. During periods of stability, capitalism successfully regulates this distribution of happiness and unhappiness. That unhappiness is now appearing as a costly and threatening negati...
“Life is the longest con of all. It is an elaborate and slowly unfolding Ponzi scheme with which we cheat death."
“We should all refuse to toil in the joyless Orwellian bureaucracy."
by doctor paradox · January 19, 2015
The whole point of the capitalism-infused, real-time game is to buy more businesses and make more money to then attract angel investors and start the whole process over.
via ‘AdVenture Capitalist’, A Video Game That Tasks the Player With Spending Money to Earn Money in an Endless Loop.