My del.icio.us bookmarks for August 7th

Posted on August 8 2008

These are my links for August 7th:

  • EXCLUSIVE: Government pulls funding for late payment advice website - 01 Aug 2008 - Good timing, eh?
  • Private Wealth Management - Abuse is still for sale, but there's a lot of interesting data too
  • FT.com / Companies / Financial services - AIG and Freddie damp recovery hopes - Two questions, why should anyone expect a recovery when the market fundamentals have not recovered and second, why expect accounts to deliver signs of that hope when the fair value model of accounting is designed to compound the downside it was always intended to exaggerate market trends?
  • Toynbee: the great comic figure of the age | Opinion | The First Post - "What this boils down to, surely, is that [Polly Toynbee] is hateful because she is rich and posh - exactly the qualities she so hates in her own enemies. "

    The Right doing what it does best: hating those with a conscience.

    Not being well off is supposed to inspire those who are not to aspire to wealth, according to the Right.

    Those who are not well off and attack those who are apparently suffer the politics of envy, according to the Right.

    But being wealth off is then meant to inspire contempt in you for those who are not, according to the Right.

    So when someone who is well off and competent shows sign of concern for society at large they must be vilified or the model breaks down, according to the Right.

    Actually, it's the Right's model that is broken.

    And I see no sign that Toynbee hates the rich or the posh: she hates the way they became rich and the contempt they have for those who aren't

  • Daily Times - Leading News Resource of Pakistan - VIEW: The end of neo-liberalism? — Joseph E Stiglitz - Today, there is a mismatch between social and private returns. Unless they are closely aligned, the market system cannot work well.
  • FT.com / World - UK dealers cut car prices as sales fall - A car should last for well over 100,000 miles now, and at least 10 years.

    In that case 2 questions: 1) why is it rational to buy a new car now 2) in view of climate change and rising oil prices what is the point in investing in new car technology based on oil?

    So shouldn't we be celebrating falling car sales, they're the sign of the change that is inevitable?

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2 Responses

  1. Peter says:
    August 8 2008 at 8:31 pm

    “But being wealth (sic) off is then meant to inspire contempt in you for those who are not, according to the Right.”

    Richard,

    I have never seen in the philosophy of the classical Liberal/Right/libertarian/call it what you will, it claimed that the well off are supposed to be hold the less well off in contempt. Perhaps you could direct to me to a statement to that effect? Or is it another of your straw men?

    Peter.

  2. Tax Research LLP says:
    August 8 2008 at 9:34 pm

    Peter

    For someone who writes from an academic email address you show remarkable lack of observational power

    Perhaps you work in a field where noting behaviour is of no consequence

    The rest of us who live in the real world will readily recognize the truth in what I wrote

    Richard