5 ms·

Neoliberalism has had its day. So what happens next?

11 points by 1_player 10y ago

Poorboyrise 10y ago
What's next ? uh maybe... homo oeconomicus => RREEMM (?!) > https://de.m.wikipedia.org/wiki/RREEMM https://de.m.wikipedia.org/wiki/RREEMM The "Resourceful-Restricted-Evaluating-Expecting-Maximizing-Man" (sry, no wiki entry in English found) ---[ironic]--- Or Trump gets elected and builds an CIA-funded orbital Railgun to stop the "global earth-warming, toxic pollution and overpopulation" wink - so his friends must not be any longer affraid of radioactive-radiation during their Holiday flights. hm Maybe 14 days before the first test- shootings we will find ourselfes bubbled in news/media-storys about "Meteorites" wich could hit earth... [Inspired by a James Bond story] And after that the media-story's tell: "No, that was an Meteorid" smiles (-;
bko 10y ago
> The banks were bailed out; hardly any bankers on either side of the Atlantic were prosecuted for their crimes; and the price of their behaviour was duly paid by the taxpayer. Banks paid back everything borrowed to them: > "Barack Obama says banks paid back all the federal bailout money". Not all of the banks who received TARP money have repaid the loans. In fact, 400-plus banks are still on the government’s red list -- more than have completed the payments -- and, according to the GAO, some may never pay the money back. But, the fact remains, due to interest, dividends and other revenue streams, the government has received more money back ($266.7 billion, according to the Treasury) than it handed out to banks under the bailout law ($245.2 billion). We rate this claim Mostly True. [0] Furthermore: > U.S. banks have crossed a significant post-financial crisis milestone, tallying more $200 billion in fines paid out regarding questionable behavior. [1] How did neoliberalism survive post-financial crisis? Politicians discovered that they can just hit up banks for tens of billions of dollars in fees and use the proceeds in any way they want: > Yet some of the biggest chunks of money stayed with the entity that levied the fines in the first place. Of $109.96 billion of federal fines related to the housing crisis since 2010, roughly $50 billion ended up with the U.S. government with little disclosure of what happened next, according to a Wall Street Journal analysis. Yes, bailouts are bad, but let's not pretend like politicians are not complicit in promoting this type of crony capitalism. [0] http://www.politifact.com/new-hampshire/statements/2012/oct/25/barack-obama/barack-obama-says-banks-paid-back-all-federal-bail/ http://www.politifact.com/new-hampshire/statements/2012/oct/... [1] http://www.cnbc.com/2015/10/30/misbehaving-banks-have-now-paid-204b-in-fines.html http://www.cnbc.com/2015/10/30/misbehaving-banks-have-now-pa... [2] http://www.wsj.com/articles/big-banks-paid-110-billionin-mortgage-related-fines-where-did-the-money-go-1457557442 http://www.wsj.com/articles/big-banks-paid-110-billionin-mor...
- Poorboyrise 10y ago
  In my opinion it leaves a bitter taste that some of the politicians around had a saying/paradigm/thinking/... that: "Newer generations may profit in investments of earlier generations," "and therefore they have to carry a certain degree of debt to participate..." "...on the funding." What may be a cause for todays situation. But as long as "updates" are available.... (-; edited: spelling/formatting/... Btw: Yes a railgun in space (at a special point between moon and earth - better to defend)) And Mr.Trump told something about work and bringing back mining (earth as a "test field" for stellar-mining) And yes, for future space traveling and colonization ^^ [weekendmodus:off]

11 points by 1_player 10y ago

What's next ? uh maybe... homo oeconomicus => RREEMM (?!) > https://de.m.wikipedia.org/wiki/RREEMM https://de.m.wikipedia.org/wiki/RREEMM The "Resourceful-Restricted-Evaluating-Expecting-Maximizing-Man" (sry, no wiki entry in English found) ---[ironic]--- Or Trump gets elected and builds an CIA-funded orbital Railgun to stop the "global earth-warming, toxic pollution and overpopulation" wink - so his friends must not be any longer affraid of radioactive-radiation during their Holiday flights. hm Maybe 14 days before the first test- shootings we will find ourselfes bubbled in news/media-storys about "Meteorites" wich could hit earth... [Inspired by a James Bond story] And after that the media-story's tell: "No, that was an Meteorid" smiles (-;

bko 10y ago

> The banks were bailed out; hardly any bankers on either side of the Atlantic were prosecuted for their crimes; and the price of their behaviour was duly paid by the taxpayer. Banks paid back everything borrowed to them: > "Barack Obama says banks paid back all the federal bailout money". Not all of the banks who received TARP money have repaid the loans. In fact, 400-plus banks are still on the government’s red list -- more than have completed the payments -- and, according to the GAO, some may never pay the money back. But, the fact remains, due to interest, dividends and other revenue streams, the government has received more money back ($266.7 billion, according to the Treasury) than it handed out to banks under the bailout law ($245.2 billion). We rate this claim Mostly True. [0] Furthermore: > U.S. banks have crossed a significant post-financial crisis milestone, tallying more $200 billion in fines paid out regarding questionable behavior. [1] How did neoliberalism survive post-financial crisis? Politicians discovered that they can just hit up banks for tens of billions of dollars in fees and use the proceeds in any way they want: > Yet some of the biggest chunks of money stayed with the entity that levied the fines in the first place. Of $109.96 billion of federal fines related to the housing crisis since 2010, roughly $50 billion ended up with the U.S. government with little disclosure of what happened next, according to a Wall Street Journal analysis. Yes, bailouts are bad, but let's not pretend like politicians are not complicit in promoting this type of crony capitalism. [0] http://www.politifact.com/new-hampshire/statements/2012/oct/25/barack-obama/barack-obama-says-banks-paid-back-all-federal-bail/ http://www.politifact.com/new-hampshire/statements/2012/oct/... [1] http://www.cnbc.com/2015/10/30/misbehaving-banks-have-now-paid-204b-in-fines.html http://www.cnbc.com/2015/10/30/misbehaving-banks-have-now-pa... [2] http://www.wsj.com/articles/big-banks-paid-110-billionin-mortgage-related-fines-where-did-the-money-go-1457557442 http://www.wsj.com/articles/big-banks-paid-110-billionin-mor...

Poorboyrise 10y ago
In my opinion it leaves a bitter taste that some of the politicians around had a saying/paradigm/thinking/... that: "Newer generations may profit in investments of earlier generations," "and therefore they have to carry a certain degree of debt to participate..." "...on the funding." What may be a cause for todays situation. But as long as "updates" are available.... (-; edited: spelling/formatting/... Btw: Yes a railgun in space (at a special point between moon and earth - better to defend)) And Mr.Trump told something about work and bringing back mining (earth as a "test field" for stellar-mining) And yes, for future space traveling and colonization ^^ [weekendmodus:off]