Reading
Week-end Wrap – Political Economy – June 4, 2023
by Tony Wikrent
Why elites are misanthropic
Billionaires and the Evolution of Overconfidence
[The Garden of Forking Paths, via The Big Picture 5-31-2023]
To understand billionaires, you need to understand horizontal inequality, illusory control, self-selection bias, quantified self-worth, and the evolution of overconfidence.
What would you do if you suddenly had a billion dollars?
The way you answer that question will tell you something about how likely you are to become a billionaire in the first place.
“It is a trope of twentieth and twenty-first century-life that governments faced with financial shortfalls look first to the services they provide their citizens when making cuts. Instances like these …
The post Politicians’ fine-sounding pledges offer little more than a deceitful illusion when sound finances dictate the strategy appeared first on The Gower Initiative for Modern Money Studies.
Whether to pardon January 6 convicts will be the most revealing question of the Republican primary.
The post Oath Keepers Leader Stewart Rhodes Says He’s a Political Prisoner. Republicans Are Listening. appeared first on The Intercept.
During the height of the pandemic, workers at Allied Bakeries in Liverpool were hard at work. The workers, members of the Bakers, Food and Allied Workers Union (BFAWU), were on the verge of strike action in a pay dispute but abandoned their strike to assist with the national effort. Classed as essential workers, they strived […]
‘Where do you think my grandmother spent the Second World War?’ Adam Broomberg, a prominent Jewish artist and Berlin-based photographer, asked this of the police after they grabbed him by the neck, threw him to the ground, beat him on the back then led him away in handcuffs. It was Saturday 20 May, and […]