» bailouts

The Scorpion and The Frog

Mr. Repose — Sun, 18 Oct 2009 17:00:18 +0000

Our whole plutonomy thesis is based on the idea that the rich will keep getting richer. This thesis is not without its risks. For example, a policy error leading to asset deflation, would likely damage plutonomy. Furthermore, the rising wealth gap between the rich and poor will probably at some point lead to a political backlash. Whilst the rich are getting a greater share of the wealth, and the poor a lesser share, political enfrachisement remains as was – one person, one vote (in the plutonomies). At some point it is likely that labor will fight back against the rising profit share of the rich and there will be a political backlash against the rising wealth of the rich. This could be felt through higher taxation (on the rich or indirectly though higher corporate taxes/regulation) or through trying to protect indigenous laborers, in a push-back on globalization – either anti-immigration, or protectionism. We don’t see this happening yet, though there are signs of rising political tensions. However we are keeping a close eye on developments. [...]

Right Wing, Left Wing Parasites.

Mr. Repose — Wed, 07 Oct 2009 05:15:54 +0000

It's just humorous to me to see what these people do exactly. For example, just now I was watching this guy from Texas, one, John Carter, go on a speech in the House. This man, who looks like my grandfather, went on about the forefathers, and how they founded a 'republic' for blah blah blah morals blah blah blah. This went on for about three minutes. First, I don't think the House needs a damn history lesson that serves as little more than an attempt to assert your party is right by simple virtue of the fact the forefathers founded a republic so republic-ans must be the chosen ones. [...]

Porn Industry Requests Bailout – Congressional Response Flaccid

Mr. Repose — Thu, 08 Jan 2009 19:30:11 +0000

Recently the porn industry has suffered, much like the banks and automotive industries. Of course with the porn business, at least they could legitimately say the reason their businesses were failing is was not associated with greed, incompetence, or corruption. They were just busy fucking.

Hustler publisher Larry Flynt and Girls Gone Wild CEO [...]