As it is presented to us, the planetary financial crisis resembles one of those bad films concocted by that factory for the production of pre-packaged blockbusters that today we call the “cinema”. Nothing is missing, the spectacle of mounting disaster, the feeling of being suspended from enormous puppet-strings, the exoticism of the identical – the Bourse of Jakarta placed under the same spectacular rubric as New York, the diagonal from Moscow to Sao Paulo, everywhere the same fire ravaging the same banks – not to mention terrifying plotlines: it is impossible to avert Black Friday, everything is collapsing, everything will collapse…
infinite thØught: badiou on the financial crisis
This entry was written by , posted on November 18, 2008 at 12:31 am, filed under Uncategorized and tagged economics, philosophy. Leave a comment or view the discussion at the permalink.

When the government provides for these things, it may be engaging in what we can call government supererogation. Which acts we’d label as examples of government supererogation will depend on which theories of justice and goodness we accept. While there is disagreement over these theories, and thus disagreement over which specific acts are supererogatory, I believe most people would identify some acts as fitting into the category. Taken together, these acts may consume a substantial amount of public resources and attention.
VBD: High School Debate, Lincoln-Douglas, Policy, Public Forum
This entry was written by , posted on October 17, 2008 at 9:16 am, filed under Uncategorized and tagged philosophy, politics. Leave a comment or view the discussion at the permalink.
Capitalism as we used to know it is on its deathbed. And those who predicted that the old brand, the unfettered, American-promoted system, was a danger to the world, are being vindicated. They include Karl Marx, whose thinking on banks seems oddly contemporary these days.
Karl Marx and the world financial crisis: Bernd Debusmann | Reuters.com
This entry was written by , posted on October 15, 2008 at 11:13 pm, filed under Uncategorized and tagged Economy, philosophy, politics. Leave a comment or view the discussion at the permalink.