Biofinance

Biological foundations of capital imaginaries

Capitalism has been the subject of too many conflicting definitions for any of the claims that follow to have any purchase on truth -- understood as an adequation to the real. Beneath the numerous disagreements, however, a common substratum can be gleaned between the liberal Smithian, and the classical Marxist ...
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Biofinance

Wage Increases Leave Women and Older Workers Behind

February 2018 unemployment report for workers over 55

The Bureau of Labor Statistics (BLS) today reported a 3.2% unemployment rate for workers age 55 and older in February, an increase of 0.2 percentage points from January. While low unemployment is finally leading to wage increases for some prime-age men, women and older workers are being left behind. In the last year, ...
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Wage Increases Leave Women and Older Workers Behind

A Rising Employment Rate Means Fewer Sidelined Workers

New York City’s long rising economic tide

Economic theory suggests that sustained periods of low unemployment should produce an array of broadly enjoyed job market benefits. Not only will more people have jobs: their wages should also rise; overall poverty should subside; and general economic conditions for the traditionally disadvantaged should improve. Unfortunately, reality doesn’t always conform to ...
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A Rising Employment Rate Means Fewer Sidelined Workers

How Castoriadis read Weber

Meaning, values, and imaginary institution

I. The interest Cornelius Castoriadis had in Max Weber’s work, although quite apparent and confessed by the philosopher himself, has not drawn sufficient attention by scholars and commentators. [1] It is no coincidence that the first and the last texts Castoriadis published while living both deal with Weber. The first of these was ...
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How Castoriadis read Weber

Contextualizing Catalonia

Part One on Catalonia’s constitutional crisis

In the early- to mid-twentieth century, repeated regime changes instigated the devolution of power from a centralized government to localized authorities. The desire for a stabilized, democratic form of government prevailed in the late 1970s with the fall of General Franco. Spain is comprised of seventeen autonomous regions. The Spanish Constitution of 1978, states ...
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Contextualizing Catalonia

Neoliberalism’s Populist Bastards

A new political divide between national economies

This year, attendees at the World Economic Forum might have breathed a sigh of relief, believing that immediate threats to their existence had passed. Yet members of the so-called populist right in Germany and Austria entered parliament after big wins in elections at the end of last year. Their victories ...
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Neoliberalism’s Populist Bastards

Rat Race

Why are young professionals crazy for marathons?

Over half a million people finished a full 26.2-mile marathon in 2016; roughly seventeen million ran in a road race of any distance that year. It is nearly impossible, at least among a set of educated professional types, to avoid overhearing discussions of training routines throughout the summer months. Studies confirm that ...
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Rat Race

Top 5 Cities Where Older Workers’ Wages Fell and Younger Workers’ Wages Soared

January 2018 Unemployment Report for Workers Over 55

President Trump in his State of the Union address highlighted the country's falling unemployment and rising wages. This morning's Bureau of Labor Statistics' report of an unemployment rate of 3.0% for workers age 55 and older for the month of January, a decrease of 0.3 percentage points from December, does not contradict ...
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Top 5 Cities Where Older Workers’ Wages Fell and Younger Workers’ Wages Soared

Burning Man’s Experimental Dreampolitics

Does the iconic festival suggest a new way forward?

When the era of master narratives recedes and well-trodden Enlightenment principles cease to be relevant, progressives should issue the challenge to come up with an alternative thinking. It is quite a challenge today to bring about new reasoning when the distinguishing feature of our current condition is distrust and skepticism ...
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Burning Man’s Experimental Dreampolitics

Swedish Cash-Phobia

The fall of a kingdom, or when cash is no longer king

This Christmas I returned to the motherland to see family, friends, and to experience the short days, dark nights, and inexhaustible snowfalls that we in the north of Sweden are regularly blessed with. On New Year’s day I took a bus south to Stockholm to revisit my prior place of ...
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Swedish Cash-Phobia

Tiny Houses, Narrow Visions

Examining American inequality through the problem of teacher housing

This past December, the Vail School District, in the suburbs of Tucson, Arizona, stumbled briefly into the national spotlight when it announced a plan to build tiny homes for teachers who couldn’t otherwise afford to live in the district. Starting salaries for Arizona teachers are $36,000 a year, while the median income in ...
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Tiny Houses, Narrow Visions