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  • conspiracy « Liam McHugh-Russell
    to them needs to be a part of everyday politics Yet it s also important to pay attention to the way in which feelings and especially in group feeling play a part in perpetuating power structures A recent piece by Sam Polk a lapsed Wall Street insider does something similar and it s gotten a fair bit of attention Polk treats the industry s pathology in terms of addiction Most interesting about the piece however is not the soulless drive for ever more money and power it s always odd to me that people are surprised by capitalists acting as Marx predicted as capital personified but with the picture he paints of industry politics It s true that the industry hates both financial regulation and taxes on the rich but when Polk put the systemic advisability of certain measures in question the response from his boss was that he didn t have the brain capacity to think about the system as a whole All I m concerned with is how this affects our company It s not that the US financial class is uninterested in politics but many of them nonetheless have an unsophisticated view of politics backed up by fear and selfishness not a desire to rule per se All this provides proper context for a recent exposé in New York Magazine detailing the hazing rituals of Kappa Beta Phi an exclusive club for powerful Wall Street types What is most striking about this soirée for billionaires and those making due with only hundreds of millions is not simply the fact of their gathering but how much closer their hijinx come to the crude embarrassments of a freshman fraternity rush than a secret meeting of the Illuminati It s a wonder reading the KBP piece next to a recent

    Original URL path: http://Mchugh-Russell.ca/tag/conspiracy/ (2016-05-01)
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  • fraternities « Liam McHugh-Russell
    to them needs to be a part of everyday politics Yet it s also important to pay attention to the way in which feelings and especially in group feeling play a part in perpetuating power structures A recent piece by Sam Polk a lapsed Wall Street insider does something similar and it s gotten a fair bit of attention Polk treats the industry s pathology in terms of addiction Most interesting about the piece however is not the soulless drive for ever more money and power it s always odd to me that people are surprised by capitalists acting as Marx predicted as capital personified but with the picture he paints of industry politics It s true that the industry hates both financial regulation and taxes on the rich but when Polk put the systemic advisability of certain measures in question the response from his boss was that he didn t have the brain capacity to think about the system as a whole All I m concerned with is how this affects our company It s not that the US financial class is uninterested in politics but many of them nonetheless have an unsophisticated view of politics backed up by fear and selfishness not a desire to rule per se All this provides proper context for a recent exposé in New York Magazine detailing the hazing rituals of Kappa Beta Phi an exclusive club for powerful Wall Street types What is most striking about this soirée for billionaires and those making due with only hundreds of millions is not simply the fact of their gathering but how much closer their hijinx come to the crude embarrassments of a freshman fraternity rush than a secret meeting of the Illuminati It s a wonder reading the KBP piece next to a recent

    Original URL path: http://Mchugh-Russell.ca/tag/fraternities/ (2016-05-01)
    Open archived version from archive

  • Kappa Beta Phi « Liam McHugh-Russell
    to them needs to be a part of everyday politics Yet it s also important to pay attention to the way in which feelings and especially in group feeling play a part in perpetuating power structures A recent piece by Sam Polk a lapsed Wall Street insider does something similar and it s gotten a fair bit of attention Polk treats the industry s pathology in terms of addiction Most interesting about the piece however is not the soulless drive for ever more money and power it s always odd to me that people are surprised by capitalists acting as Marx predicted as capital personified but with the picture he paints of industry politics It s true that the industry hates both financial regulation and taxes on the rich but when Polk put the systemic advisability of certain measures in question the response from his boss was that he didn t have the brain capacity to think about the system as a whole All I m concerned with is how this affects our company It s not that the US financial class is uninterested in politics but many of them nonetheless have an unsophisticated view of politics backed up by fear and selfishness not a desire to rule per se All this provides proper context for a recent exposé in New York Magazine detailing the hazing rituals of Kappa Beta Phi an exclusive club for powerful Wall Street types What is most striking about this soirée for billionaires and those making due with only hundreds of millions is not simply the fact of their gathering but how much closer their hijinx come to the crude embarrassments of a freshman fraternity rush than a secret meeting of the Illuminati It s a wonder reading the KBP piece next to a recent

    Original URL path: http://Mchugh-Russell.ca/tag/kappa-beta-phi/ (2016-05-01)
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  • Wolf of Wall Street « Liam McHugh-Russell
    to them needs to be a part of everyday politics Yet it s also important to pay attention to the way in which feelings and especially in group feeling play a part in perpetuating power structures A recent piece by Sam Polk a lapsed Wall Street insider does something similar and it s gotten a fair bit of attention Polk treats the industry s pathology in terms of addiction Most interesting about the piece however is not the soulless drive for ever more money and power it s always odd to me that people are surprised by capitalists acting as Marx predicted as capital personified but with the picture he paints of industry politics It s true that the industry hates both financial regulation and taxes on the rich but when Polk put the systemic advisability of certain measures in question the response from his boss was that he didn t have the brain capacity to think about the system as a whole All I m concerned with is how this affects our company It s not that the US financial class is uninterested in politics but many of them nonetheless have an unsophisticated view of politics backed up by fear and selfishness not a desire to rule per se All this provides proper context for a recent exposé in New York Magazine detailing the hazing rituals of Kappa Beta Phi an exclusive club for powerful Wall Street types What is most striking about this soirée for billionaires and those making due with only hundreds of millions is not simply the fact of their gathering but how much closer their hijinx come to the crude embarrassments of a freshman fraternity rush than a secret meeting of the Illuminati It s a wonder reading the KBP piece next to a recent

    Original URL path: http://Mchugh-Russell.ca/tag/wolf-of-wall-street/ (2016-05-01)
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  • Dr. Pepper is hurting America « Liam McHugh-Russell
    of whole societies that is not just the poor the work of Johnson Rajan and Reich simply adds another reason to realize that the US has far from crossed the line from reasonable into irresponsible Some public advocacy groups have taken a hard tack on inequality yet public awareness on the causes of inequality have as of yet gained much less traction and policy responses seem focused on tax measures alone It is all well and good to focus on individuals and their earnings but ultimately distribution is a result as much if not more of the regulation of the market as it is of post income readjustment The Mott s strike demonstrates just one of the myriad ways in which corporations empowered and informed by legal rules and government policies are allowed to increase their share of the total economic pie It is this wealth which has increasingly found its way into the hands of America s richest If Americans want to do something about inequality and the crisis has shown that we all have a stake in America rebalancing its economic pie then they have to do more than raise taxes on the beneficiaries of corporate largesse They have to go after the largesse itself with policies which ensure a fairer distribution between business and workers in their common enterprise That requires a political strategy which focuses not only on the individual workers but on the larger economic ramifications of short term corporate policies It requires progressives not only to stand in solidarity with the striking workers but to point out to American independents fiscal conservatives and anyone willing to listen that is not only a matter of Mott s shortchanging handful of workers These policies and those like it have implications for American social outcomes global financial

    Original URL path: http://Mchugh-Russell.ca/2010/08/26/dr-pepper-is-hurting-america/ (2016-05-01)
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  • Dr. Pepper « Liam McHugh-Russell
    fiscal policy but it also provides a useful perspective on the Mott s strike A recent book from Richard Wilkinson and Kate Pickett you can read a defence against their critics here has demonstrated the almost unbelievable numer of ways in which equality improves the lives of whole societies that is not just the poor the work of Johnson Rajan and Reich simply adds another reason to realize that the US has far from crossed the line from reasonable into irresponsible Some public advocacy groups have taken a hard tack on inequality yet public awareness on the causes of inequality have as of yet gained much less traction and policy responses seem focused on tax measures alone It is all well and good to focus on individuals and their earnings but ultimately distribution is a result as much if not more of the regulation of the market as it is of post income readjustment The Mott s strike demonstrates just one of the myriad ways in which corporations empowered and informed by legal rules and government policies are allowed to increase their share of the total economic pie It is this wealth which has increasingly found its way into the hands of America s richest If Americans want to do something about inequality and the crisis has shown that we all have a stake in America rebalancing its economic pie then they have to do more than raise taxes on the beneficiaries of corporate largesse They have to go after the largesse itself with policies which ensure a fairer distribution between business and workers in their common enterprise That requires a political strategy which focuses not only on the individual workers but on the larger economic ramifications of short term corporate policies It requires progressives not only to stand in

    Original URL path: http://Mchugh-Russell.ca/tag/dr-pepper/ (2016-05-01)
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  • financial crisis « Liam McHugh-Russell
    fiscal policy but it also provides a useful perspective on the Mott s strike A recent book from Richard Wilkinson and Kate Pickett you can read a defence against their critics here has demonstrated the almost unbelievable numer of ways in which equality improves the lives of whole societies that is not just the poor the work of Johnson Rajan and Reich simply adds another reason to realize that the US has far from crossed the line from reasonable into irresponsible Some public advocacy groups have taken a hard tack on inequality yet public awareness on the causes of inequality have as of yet gained much less traction and policy responses seem focused on tax measures alone It is all well and good to focus on individuals and their earnings but ultimately distribution is a result as much if not more of the regulation of the market as it is of post income readjustment The Mott s strike demonstrates just one of the myriad ways in which corporations empowered and informed by legal rules and government policies are allowed to increase their share of the total economic pie It is this wealth which has increasingly found its way into the hands of America s richest If Americans want to do something about inequality and the crisis has shown that we all have a stake in America rebalancing its economic pie then they have to do more than raise taxes on the beneficiaries of corporate largesse They have to go after the largesse itself with policies which ensure a fairer distribution between business and workers in their common enterprise That requires a political strategy which focuses not only on the individual workers but on the larger economic ramifications of short term corporate policies It requires progressives not only to stand in

    Original URL path: http://Mchugh-Russell.ca/tag/financial-crisis/ (2016-05-01)
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  • Motts « Liam McHugh-Russell
    fiscal policy but it also provides a useful perspective on the Mott s strike A recent book from Richard Wilkinson and Kate Pickett you can read a defence against their critics here has demonstrated the almost unbelievable numer of ways in which equality improves the lives of whole societies that is not just the poor the work of Johnson Rajan and Reich simply adds another reason to realize that the US has far from crossed the line from reasonable into irresponsible Some public advocacy groups have taken a hard tack on inequality yet public awareness on the causes of inequality have as of yet gained much less traction and policy responses seem focused on tax measures alone It is all well and good to focus on individuals and their earnings but ultimately distribution is a result as much if not more of the regulation of the market as it is of post income readjustment The Mott s strike demonstrates just one of the myriad ways in which corporations empowered and informed by legal rules and government policies are allowed to increase their share of the total economic pie It is this wealth which has increasingly found its way into the hands of America s richest If Americans want to do something about inequality and the crisis has shown that we all have a stake in America rebalancing its economic pie then they have to do more than raise taxes on the beneficiaries of corporate largesse They have to go after the largesse itself with policies which ensure a fairer distribution between business and workers in their common enterprise That requires a political strategy which focuses not only on the individual workers but on the larger economic ramifications of short term corporate policies It requires progressives not only to stand in

    Original URL path: http://Mchugh-Russell.ca/tag/motts/ (2016-05-01)
    Open archived version from archive



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