Category: Economy
After the Fall
by Geoff Rips | Dec 15, 2011 | Books, EconomyAs Lawrence Lessig explains in Republic, Lost: How Money Corrupts Congress — and a Plan to Stop It (TWELVE, 383 pp., $26.99), the disastrous nibble for American democracy was the change in the relationship between money and power. It may not have been a fall from Eden, but it was a headlong descent from the […]
At the Onset of Winter, Questions for a Bullish Movement
by Todd Gitlin | Dec 1, 2011 | Culture, EconomyIt’s been ten weeks since, on September 17, a few hundred pioneers plunked themselves down in Zuccotti Park (more a patch of sunless concrete than a park, actually), renaming it Liberty Square and turning it into a sort of communal homestead and visible sore spot, reminding those who needed reminding that the wildness of markets […]
Two Men and a Meme | Creative Destruction
by WS Editors | Nov 1, 2011 | EconomyTwo Men and a Meme — The image is compelling and sublime. A ballerina (a member of the Boston ballet) poised delicately on the back of the iconic Wall Street Bull statue in the Financial District. A visual contradiction: the dancer, unbearably light; the bull heavy and muscular. The text, equally intriguing. Above the image […]
From Zero to 20,000 On Wall Street
by WS Editors | Nov 1, 2011 | Economy, Legal AffairsShe composed herself, told me to read Ross Sorkin’s article in the Times, and turned her attention to the two young women leading the general assembly. After watching this movement from up close for two days in October, as well as from afar, I find myself in agreement with the government regulator who feels compelled […]
Posted Prices and the Capitol Hill Stalemate Machine
by Thomas Ferguson | Oct 15, 2011 | Economy, PoliticsFast-forward to 2011. Being a millionaire in Congress is nothing special — just about half of all members are one. The legislative process works less operatically, but the result is pretty much the same: legislative gridlock punctuated by occasional blatant special-interest legislation. Banks are rescued; the unemployed are left to their own devices. The housing […]
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