.........priceOfCivilisation.....
symptons
occupyMovement
socialJustice
addr corrupt privileges
impunityOfRich
shareholder activitists
environmentalActivitist
economicMalice
budget shortfall
energy policy
education
longTerm/structre vs cyclical
shortterm cure
budget stimulus
significantCutsInPublicOutlays
quantitative easing
temp tax cuts
cure
moral crisis
lackOf civic virtue
abuse of rich &pweful
lack of respect, honesty and compassion
dishonesty as contagious social diseases
phone claims of --
advertisement
campaign comercials
official statements of military statements (on Vietnam)
parade of CEOs who cheated
repeated exposure corporates lies in
drugs ind
oil ind
Subtopic
financial/ investmnt
military contr
american's economic crisis
massive military budget
unaffordable tax cut
unprecedented budget drficit
stingy foreign aid
open-ended war in Afghanistan
kowtow to lobbyists
drivers
globalisation
emphasisOnBottomline
corporatocracy
4lobbygrps
militaryIndustryComplex
militarisation
useless war
fiscal waste
wallStWashintonComplex
deregulation
CEO friendly political env
economic effect of globalisation
unfavourable tax policy for middle/lower income worker
financialsystemCtrlbyWallSt
bigOilTransportMilitaryComplex
heavy oil dependence
dependence military trap in MEast
hijack climate chg frm national agenda
sabotage mass transport and clean fuel initiative
healthCareIndustry
sky high prices protected by patent
hospital &Doctor reimburse on cost-plus basis
giver met reimburse cost w/ little system oversignt&ctl
AMA restrict supply of new doctr thr ctrl&placemnt in medical sch
history
corrupt gildedAge
progessiveEra
roaring20
decadeOfCorruptn&speculation
reaganEra
taxCuts/ shrinkGovernm/risingInequality
outcome
socialCohesion
decency
environmtSustainability
fiscalWaste
prosperity loss
job &saving crisis
investment squeeze
divided work force
new gilded age
massive inequality of wealth
age of impunity for the rich
dick cheney
Subtopic
wall st firms
Goldman Sachs,Citigroup, jpmorgan
Subtopic
age of Paul Samuelson ideals
market are reasonable efficient
efficiency does not guarantee fairness
fairness require government to redistribute income ..
illustrations..
market systematically under provide public goods
mkt economy prone 2 financial instability
govnm to allrviate financial instability by..
active government policies
financial regulation
well directed monetary pol
well directed fiscal pol
Paul Samuelson great synthesis
market to allocate most goods
govnmt to perform3 tasks
redistribute income 2 protect poor/unlucky
provide public goods
stabilise macro econm
libertarian extreme
core belief
individual have no resposibility except respect liberty & property of others
devoid of social responsibilty
free market forces reign supreme
taxes is government extortion