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Your Friday Thinkpost

August 27, 2010

What’s all this crap then?

Did you hear? No Friday Five today! I'm like, totally bummed. Img. via Fastpunkclub on Tumblr

Sorry to ruin the flow, folks. I lost a post I was working on on my work computer and so I wanted to offer up a few thinkbits for you. Friday Five will return with bells on (and nothing else) next week. Read on though…

This is a wonderful lecture from Elizabeth Waren, a professor of contract, commercial, and bankruptcy law at Berkley. She has long been a critic of our credit economy, but in this lecture she crunches the numbers (in an easy to digest way) and really makes the connection to how we cannot sustain the path the middle class is on. (The NY Times had a similar article recently, saying that America would become the Old Word and our children will flee and immigrate to other lands ((look out, Canada)). She misses an oportunity to talk about the cost of goods and how that has other hidden costs (cheaper, crap food = bad health, cheaper clothes made in other countries = loss of jobs, shitty work conditions for people in other countries) but that’s not really the point of the lecture so I’ll make it for her. It’s an hour long, but she is an engaging speaker and I think you will find the information she has interesting.

If you want some more music speak, you can see my rant on people who talk during shows, and a brief overview of Pickathon over at Outsider Music.

And just because:

Ahhhm just standin’ innnna dooohhrway.

3 Comments leave one →
  1. August 27, 2010 1:08 pm

    I’m not waiting on a laaaaaaaaaaady! “Waiting on a Friend” is an excellent late in life track by the Stones! Damn, they are big pimpin’ in those hats.

    I think Waren was interviewed on Fresh Air exploring this very subject. It was pretty persuasive and chilling stuff. Thanks for this think post!

  2. August 28, 2010 7:49 am

    Looks like we’re heading for the British post-colonial model then.

  3. August 28, 2010 9:26 am

    Definitely, Redlami. Well based on Waren’s predictions. Serious reassessment of “middle class” and it won’t involve the credit spending keeping up with the joneses model that’s dominated since the Mad men 50s and 60s.

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