Death of Capitalism Redux

Filed under: Consumer Complaints, Family Finances

This is the first post in a series exploring class divides across America's largest cities and metros. Social class, an inescapable presence in American life, influences almost every aspect of our culture. It is inscribed on our very geography. Although our cities are more than ever our most powerful economic engines, they also are becoming more divided along class lines, creating distinct experiences within a given city.

It appears that Simon beat me to commenting on Third World America, Arianna Huffington’s bleak portrait of many of the things that are wrong with America (crumbling infrastructure, failing schools, extreme inequality, low social mobility, political system captured by special interests, etc.), so I’ll confine myself to a couple of thoughts I had while reading it.*

Not long ago, quinoa was just an obscure Peruvian grain you could only buy in wholefood shops. We struggled to pronounce it (it's keen-wa, not qui-no-a), yet it was feted by food lovers as a novel addition to the familiar ranks of couscous and rice. Dieticians clucked over quinoa approvingly because it ticked the low-fat box and fitted in with government healthy eating advice to "base your meals on starchy foods".

Karl Smith - Assistant Professor of Public Economics at UNC-CH and Blogger at Modeled BehaviorTyler Cowen has a nice essay up at The American Interest on an Export-Oriented America. He offers us three reasons to be optimistic about the US export future: artificial intelligence, shale oil and gas, and a rising Asian Middle Class.

Karl Smith - Assistant Professor of Public Economics at UNC-CH and Blogger at Modeled BehaviorTyler Cowen has a nice essay up at The American Interest on an Export-Oriented America. He offers us three reasons to be optimistic about the US export future: artificial intelligence, shale oil and gas, and a rising Asian Middle Class.

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.In this episode of The Keiser Report, Max Keiser and co-host, Stacy Herbert discuss death by a thousand revelations and destroying the City to save the City. In the second half of the show, Max talks to author Nomi Prins, a former investment banker, about the role of JP Morgan in Jon Corzine’s MF Global crime.