Monthly Archives: April 2012

The teleology of financialization

That’s perhaps a grand title, but this article from Bloomberg yesterday hit on one what I find a fascinating pattern: Investment banks, faced with a weak industry outlook, probably will reduce the amount of revenue set aside for pay and … Continue reading

Posted in Finance and capital markets, Labor | Leave a comment

Bare legal title and the farce of debt contracts

Although I see it less these days, at the height of media attention on the foreclosure crisis there was a widespread sentiment that people who owed a debt were morally obligated to pay, whether because of the alleged “sanctity” of … Continue reading

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