This is a great 6.5 min long lesson on inequality. Nothing new, but good visual presentation of data. A little warning: it may cause a bit of anger or depression..
rock & roll of inequality
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Tag Archives: capitalism
planes vs banks
“The airline industry benefits from every mistake ever made anywhere on the planet. Any pilot who makes a mistake anywhere on the planet today will make your next flight safer. The banking industry is the opposite. Every mistake takes the banking system closer to total collapse. One system is antifragile, the other is fragile. The banking system failed because it was built for order and not built for the unpredictable.”
Professor Nassim Nicholas Taleb, author of “Black Swan”
free market
Is this what we mean with the free market and fair competition?
Democracy vs capitalism
the nastier capitalism becomes, the more obviously it proves that it contradicts rather than complements democracy. Capitalism has devalued democracy by moving away power from people to financial trade centres, stock markets and rating agencies which are now making national decisions instead of Governments elected by the people. It is tragic. Case of Greece is alarming.
capitalism
Capitalism is like a knife: it cures if in hands of a doctor and it kills if in hands of a murderer.
