Middle Class? Here's What's Destroying Your Future

[Admiral Yi]

Do they explain what 'neofeudal colonization' means?

AFAICT it's a synonym for "neoliberal financial colonization," which is a synonym for "lending."

[citizen k]

Do they explain what 'neofeudal colonization' means?

I mean, it's hard to dispute that financialization has devastated the West, but I don't know what he means by some of the terms he's throwing around.

Languish has decided that the author is a kook, therefore any definitions are irrelevant.

[garbon]

Do they explain what 'neofeudal colonization' means?

I mean, it's hard to dispute that financialization has devastated the West, but I don't know what he means by some of the terms he's throwing around.

Languish has decided that the author is a kook, therefore any definitions are irrelevant.

Maybe you'll think about that next time.

[citizen k]

Do they explain what 'neofeudal colonization' means?

AFAICT it's a synonym for "neoliberal financial colonization," which is a synonym for "lending."

...and other more exotic financial instruments.

[citizen k]

Maybe you'll think about that next time.

I believe I've redeemed myself by posting a Reuters sourced article in the Syria thread.

[Admiral Yi]

Do they explain what 'neofeudal colonization' means?

AFAICT it's a synonym for "neoliberal financial colonization," which is a synonym for "lending."

...and other more exotic financial instruments.

My understanding is that the exotic financial instruments are just "financialization," whereas to qualfiy for full-on "financial colonization" you need to be providing credit to folks who can't resist the urge to borrow and spend (or borrow and speculate).

[Ideologue]

I thought that the circular argument where "financialization" was listed as a cause of the drop in the earning power of the middle class but then shown as a result of the drop in the earning power of the middle class was a nice touch.

Purchasing power =/= earning power.

[The Minsky Moment]

Some interesting things in there, but he is tripping over his own jargon.

[Scipio]

Kooky internet experts are destroying my future?  Good to know.

[Neil]

Some interesting things in there, but he is tripping over his own jargon.

Yeah, some authors hurt themselves by relying too much on too many terms that they make up on the fly.  Unless they're just writing for the echo chamber.

[MadImmortalMan]

Some interesting things in there, but he is tripping over his own jargon.

Yeah, some authors hurt themselves by relying too much on too many terms that they make up on the fly.  Unless they're just writing for the echo chamber.

Yes, and often the echo chambers come up with their own individual lexicons and stumbling into their world for a second is incomprehensible. You need to study that before you can even communicate with the people.

[Siege]

I don't understand.

[Razgovory]

I don't understand.

Don't worry.  Neither do I.

[Monoriu]

The answer is to join the 10%.

[Eddie Teach]

I didn't read the article but the graphs were pretty compelling.