tag:blogger.com,1999:blog-3077210.post2456992460607091874..comments2024-03-28T08:37:58.136+01:00Comments on Limited, Inc.: The Mangle of InequalityRoger Gathmannhttp://www.blogger.com/profile/11257400843748041639noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3077210.post-10969952427636100952008-10-14T09:21:00.000+02:002008-10-14T09:21:00.000+02:00Back then, securitisation was referring to somethi...Back then, securitisation was referring to something else. Any views on the article itself, whether in its own frame of reference or in relation to the points I referred to in my first comment?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3077210.post-71624690134617159402008-10-14T06:10:00.000+02:002008-10-14T06:10:00.000+02:00Mr. Lawrence, it does jump to that one first. I ju...Mr. Lawrence, it does jump to that one first. I just wanted to make sure. 1999, eh? Who wasn't impressed by securitization back then?Roger Gathmannhttps://www.blogger.com/profile/11257400843748041639noreply@blogger.comtag:blogger.com,1999:blog-3077210.post-56800483175823878912008-10-14T05:56:00.000+02:002008-10-14T05:56:00.000+02:00I gave a link to the particular article, Australia...I gave a link to the particular article, <A HREF="http://users.beagle.com.au/peterl/publicns.html#NWKART4" REL="nofollow">Australian savings and investment, why and how</A>, followed by a link to the <A HREF="http://users.beagle.com.au/peterl/publicns.html" REL="nofollow">whole page of articles</A> (just as I am doing here). Perhaps ironically, I gave a favourable passing mention to securitisation, from an age when that was not a way to bundle generic and often notional assets and further <I>intermediate</I> creditors with them but a way to connect to operating business assets and further <I>disintermediate</I> creditors with them. The unpublished sequel to that article, <A HREF="http://users.beagle.com.au/peterl/publicns.html#UNPUBART3" REL="nofollow">Australian Population Change</A>, follows it immediately.<BR/><BR/>Possibly your browser isn't sorting out the tags within the page when it follows a link? I have tested these links in the preview, and they work for my browser.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3077210.post-87901933535259659742008-10-13T17:00:00.000+02:002008-10-13T17:00:00.000+02:00Mr. Lawrence, the link is to several articles. Is ...Mr. Lawrence, the link is to several articles. Is it the 1999 one to which you are referring?<BR/><BR/>You are certainly right that generational experiences have a massive but hard to quantify effect - both to the generation that experiences them and the younger generation that watches, with an extreme interest.Roger Gathmannhttps://www.blogger.com/profile/11257400843748041639noreply@blogger.comtag:blogger.com,1999:blog-3077210.post-52802800274056781292008-10-13T09:22:00.000+02:002008-10-13T09:22:00.000+02:00Demographics plays a role in this as well. The saf...Demographics plays a role in this as well. The safeguards were guarded watchfully by generations who had been through the Great Depression, who fled debt and owing on their homes as the Devil and who passed from positions of influence - let alone control - in the '70s. The '80s saw the passing of those with direct experience of the Second World War, either in combat or at home, just as those directly influenced by the US Civil War moved on between 1900 and 1910 (leading to changes in both Democrats and Republicans, and in how the drama played out). Today's moulders of thinking are baby boomers, expecting booms with those following on picking up the slack, just as my '60s formative years in Britain give me the ingrained feeling that inflation will devour and that thrift - to which I naturally incline - is futile (this era, of course, proceeded from the passing of those with direct experience of the First World War). The elderly poor to come are only partly these baby boomers, but also partly the differently betrayed generations before and after; yet the boomers are not themselves betrayers, but only the transmitters of the lies given form by those '60s short termists who passed the buck to them. See <A HREF="http://users.beagle.com.au/peterl/publicns.html#NWKART4" REL="nofollow">this article</A> on my <A HREF="http://users.beagle.com.au/peterl/publicns.html" REL="nofollow">publications page</A> for one way to rearrange this particular burden somewhat better.<BR/><BR/>As for "boisterous Yankees"?<BR/><BR/>"No Yankee is boisterous".<BR/><BR/>"My uncle is a Yankee, and he is boisterous".<BR/><BR/>"Then is he no true Yankee".<BR/><BR/>See Trollope's <I>North America</I> for a faintly comic description of the guarded way in which two travelling New Englanders gradually engaged with each other.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3077210.post-25219272194286935692008-10-10T18:46:00.000+02:002008-10-10T18:46:00.000+02:00I meant to put in a paragraph about the end of the...I meant to put in a paragraph about the end of the "money culture" - a term coined by the journalist who goes by the pseudonym "Adam Smith" in the seventies. <BR/><BR/>Which is why I, unlike Leporello, am rather happy to dance in the flames of the damned. The Money culture has cursed my entire creative life. A friend wrote me a couple of days ago about the disasters happening in the States - but shit, I have a hard time finding the Zona a disaster. I should, I suppose, since the coming wave of elderly poverty, such as has not been seen in years, is going to be heartbreaking. But this generation made its choice, shit on their forefather's New Deal liberalism, and thought that mangle of inequality would take care of them to the end. It was always such a crock. It was always so stupid to posit money as the most important thing in one's life. Everywhere I saw that seachange, and everywhere I thought it was nuts.Roger Gathmannhttps://www.blogger.com/profile/11257400843748041639noreply@blogger.com