Inequality
Commentary on Flawed, Ignorant, and Dangerous
Robert Eller commented on the post Flawed, Ignorant and Dangerous: A Bain Capital Partner’s Worldview on the Future of Finance blog last week that Edward Conard's book "'Unitended Consequences' may turn out to be the most unintended act of patriotism of the" for the conversations it sparks and lines it draws in the sand on issues of inequality. This has surely proven true on our site this week. Over the week, the blog post John Fullerton wrote on the book has opened up a number of interesting conversations in the comments section.
Flawed, Ignorant and Dangerous: A Bain Capital Partner’s Worldview
Submitted by Dan Thompson on Tue, 05/08/2012 - 3:17pm
Author:
John Fullerton “At base, having a small elite with vast wealth is good for the poor and the middle class.”
This is how Adam Davidson’s piece in the New York Times Magazine summarized the frustrated former Bain Capital partner Edward Conard’s world view, as expressed in his forthcoming book, Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong.
Occupy Your Mind
Jason Chang, 12/13/11
As a graduate of a so-called "heterodox" economics school and witness to the Asian economic crisis of 1997, the Occupy Wall Street movement resonates with me in many ways.
A Breath of Fresh Air
Dan Thompson, 11/21/11
Many commentators on all sides of the political spectrum claimed the Occupy movement was dead. Process pieces in many of the major news outlets focused on fracturing and lawless camps and disorganized responses to evictions. But last week's events in New York signaled a turning point. The movement is clearly still focused on it's original goals: building momentum for addressing the hardships of all Americans, rather than just those with the capital to demand that their needs be met.
2nd Anniversary Morning Rally
Dan Thompson, 11/16/2011
Tomorrow is an important day for Occupy Wall Street. A series of heavy handed moves by Mayor Bloomberg, including a forced, unexpected eviction of the park and the destroyal of property has only energized greater interest in and sympathy for the movement. I will be in Lower Manhattan tomorrow morning to listen to and engage with the recently evicted occupiers further. I hope to return with a greater understanding about how Capital Institute can even more vigourously and creatively pursue a financial system that works for the planet and the people that live on it. Stay tuned...
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Knitting Grandmothers at Occupy Wall Street
Susan Arterian Chang, 11/07/11
There are many voices of Occupy Wall Street. One is a grandmother of 5, Marsha Spencer, 56, who grew up on a dairy farm in Wixom, Michigan, and moved to New York to work as a seamstress in the theatre district. She told us that all of her siblings were able to attend college on a farmer’s income but that she doubts that her grandchildren will be able to afford to.
