Archive for October, 2011
From The Next Forty Years, Jorgen Randers, ed. (forthcoming) Forty years ago when I read The Limits to Growth I already believed that growth in total resource use (population times per capita resource use) would stop within the next forty years. The modeling analysis of the Meadows’ team >> Read more
Last Friday, I participated in a Special Briefing on Capitol Hill in support of the Financial Transactions Tax (FTT). I came as a seasoned practitioner speaking on behalf of the real economy, not for the interests of the Wall Street trading community. What I tried to convey was that what the US and World needs is enhanced capital market function, and that an FTT can help bring it >> Read more
I’m a former banker, a one percenter, and I’m mad as hell too.
Let’s be clear. This movement is not frustration being expressed, as President Obama, Treasury Secretary Geithner, and now Eric Cantor have suggested. Frustration is passive; anger is active. Martin Luther King was not frustrated. But beyond my anger is real >> Read more
Bloomberg View has joined its Wall Street customers in coming out against the Financial Transactions Tax proposed by Germany and France, and recommended by the European Union, declaring it politically unfeasible while undermining economic growth.
Presuming for a moment that the politically unfeasible can become reality when good ideas are pursued in a real democracy, it >> Read more