by
Guy Standing
precariat
(en)
(precarious + proletariat) a social class formed by people suffering from precarity, due to lack of job security; emergence of this class has been ascribed to the entrenchment of neoliberalism; Guy Standing has a book on this
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a growing 'precariat', consisting of millions of people facing unstable, insecure labour, a lack of occupational identity, declining and increasingly volatile real wages, loss of benefits and chronic indebtedness
notable
7 years, 3 months ago
a growing 'precariat', consisting of millions of people facing unstable, insecure labour, a lack of occupational identity, declining and increasingly volatile real wages, loss of benefits and chronic indebtedness
notable
7 years, 3 months ago
anomie
(en)
lack of the usual social or ethical standards in an individual or group, which lessens social cohesion and fosters decline; popularized by French sociologist Émile Durkheim in his influential book Suicide
xi
This mixture of anxiety, anomie, alienation and anger is creating a 'perfect storm'
for hate-filled populism
notable
7 years, 3 months ago
This mixture of anxiety, anomie, alienation and anger is creating a 'perfect storm'
for hate-filled populism
notable
7 years, 3 months ago
Frankfurt School
(en)
a school of social theory and philosophy associated in part with the Institute for Social Research at the Goethe University Frankfurt; consisted of dissidents who felt at home neither in the existent capitalist, fascist, nor communist systems that had formed at the time
15
The Frankfurt School psychoanalyst Erich Fromm advocated a 'universal subsistence guarantee' in a famous 1955 book, The Sane Society
notable
7 years, 3 months ago
The Frankfurt School psychoanalyst Erich Fromm advocated a 'universal subsistence guarantee' in a famous 1955 book, The Sane Society
notable
7 years, 3 months ago
panopticon
(en)
a type of building designed by English philosopher and social theorist Jeremy Bentham in the late 18th century; allows all (pan-) inmates to be observed (-opticon) by a single watchman without the inmates being able to tell whether or not they are being watched
56
libertarian paternalism derives from Bentham's 'panopticon', a prison design enabling prisoners to be watched by a guard at all times and their behaviour monitored. Bentham's idea was to give prisoners apparent free choice, while knowing they would be punished if they made the 'wrong' choice.
notable
7 years, 3 months ago
libertarian paternalism derives from Bentham's 'panopticon', a prison design enabling prisoners to be watched by a guard at all times and their behaviour monitored. Bentham's idea was to give prisoners apparent free choice, while knowing they would be punished if they made the 'wrong' choice.
notable
7 years, 3 months ago
plutocracy
(en)
(noun) government by the wealthy / (noun) a controlling class of the wealthy
74
In the relative sense, the precariat almost certainly loses from growth, because the gains from the sort of growth that is occurring go disproportionately if not entirely to the plutocracy, elite and salariat.
notable
7 years, 3 months ago
In the relative sense, the precariat almost certainly loses from growth, because the gains from the sort of growth that is occurring go disproportionately if not entirely to the plutocracy, elite and salariat.
notable
7 years, 3 months ago
helicopter money
(en)
a tool of unconventional monetary policy that has been proposed as an alternative to quantitative easing when interest rates are close to zero and the economy remains weak or enters recession; popularised by Milton Friedman in the form of dropping money on the ground (from a helicopter), though he didn't intend it as an actual policy
102
The idea of giving money directly to people to boost growth was put forward in a famous 1969 article by Milton Friedman, who used the parable of scattering dollar bills from a helicopter for the public to pick up. 'Helicopter money'--printing money to distribute to the public--has been proposed by American bond investor Bill Gross and by the economics journalist Martin Wolf, among others.
notable
7 years, 3 months ago
The idea of giving money directly to people to boost growth was put forward in a famous 1969 article by Milton Friedman, who used the parable of scattering dollar bills from a helicopter for the public to pick up. 'Helicopter money'--printing money to distribute to the public--has been proposed by American bond investor Bill Gross and by the economics journalist Martin Wolf, among others.
notable
7 years, 3 months ago
equanimity
(en)
calmness and composure, especially in a difficult situation
103
A libertarian might regard that quasi-Darwinian prospect with equanimity; the rest of us might not.
on the likely result of 'helicopter money': the swift and the strong get most of it
notable
7 years, 3 months ago
A libertarian might regard that quasi-Darwinian prospect with equanimity; the rest of us might not.
on the likely result of 'helicopter money': the swift and the strong get most of it
notable
7 years, 3 months ago
rentiers
(en)
a Marxist term (though never actually used by Karl Marx himself) refering to those who receive income - usually interest, rent, dividends, capital gains, or profits - from their assets and investments
118
they should oppose the many other forms of 'rentier' income derived solely from possession of assets
notable
7 years, 3 months ago
they should oppose the many other forms of 'rentier' income derived solely from possession of assets
notable
7 years, 3 months ago