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Miguel Afonso Caetano<p>"In 2025, the national Housing Wage is $33.63 per hour for a modest two-bedroom rental home and $28.17 for a modest one-bedroom. Figure 1 provides state-specific two-bedroom Housing Wages, reflecting the wide variation in housing costs across the country. As this report demonstrates, these required wages far exceed not just the federal minimum wage but also the median wages of workers in many of the most common occupations, such as home health aides, food service workers, and administrative assistants. Almost half of all U.S. workers earn less than the hourly wage required to afford a modest one-bedroom rental home (BLS, 2024).<br>(...)<br>Even after factoring in higher state and local minimum wages, the<br>average minimum-wage worker in the U.S. must work 116 hours<br>per week—nearly three full-time jobs—to afford a modest two bedroom rental home at Fair Market Rent. To afford a modest one-bedroom rental home, they would need to work 97 hours per week, or 2.4 full-time jobs. Higher minimum wages, however, are insufficient in addressing the housing affordability crisis. In each of the 64 counties and municipalities with minimum wages above both state and federal levels, local minimum wages still fall short of the local Housing Wage for both one- and two-bedroom rental homes <br>(...)<br>As shown in Figure 2, more than half of all wage earners<br>cannot afford a modest one-bedroom rental home at Fair Market<br>Rent while working full-time. At least 60% cannot afford a modest two-bedroom rental home while working full-time. In 2025, the average hourly wage earned by renters is $23.60, which is $10.03 less than the national two-bedroom Housing Wage of $33.63 and $4.57 less than the one-bedroom Housing Wage of $28.17. In 49 states, the average renter wage is not enough to afford a two bedroom rental. In 37 states, it falls short of affording even a one bedroom rental."</p><p><a href="https://nlihc.org/oor" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">nlihc.org/oor</span><span class="invisible"></span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Housing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Housing</span></a> <a href="https://tldr.nettime.org/tags/Rents" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Rents</span></a> <a href="https://tldr.nettime.org/tags/WageSlavery" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WageSlavery</span></a> <a href="https://tldr.nettime.org/tags/Inequality" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Inequality</span></a> <a href="https://tldr.nettime.org/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a></p>
Stuart D Neilson<p><a href="https://mastodon.social/tags/Ireland" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Ireland</span></a>'s <a href="https://mastodon.social/tags/housing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>housing</span></a> policies delivered extraordinary wealth to investors, from the pockets of renters &amp; home buyers. <a href="https://mastodon.social/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a> of housing is working exactly as intended - and harming most people. High rise &amp; tiny flats intensify wealth, without making enough homes.</p><p>Why do we keep voting for them?!</p><p>"The scale of <a href="https://mastodon.social/tags/institutional" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>institutional</span></a> ownership in certain places is staggering. In Ireland, nearly half of all units delivered since 2017 were purchased by investment funds."</p><p><a href="https://www.theguardian.com/commentisfree/2025/jul/07/europe-financial-sector-house-prices-politics" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theguardian.com/commentisfree/</span><span class="invisible">2025/jul/07/europe-financial-sector-house-prices-politics</span></a></p>
mel<p>I often see US software developer job postings in <a href="https://social.sdf.org/tags/healthcare" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>healthcare</span></a> and the blurbs always start something like "the healthcare system is broken and our product x is here to fix it blah blah blah..." and I'm always thinking "seems to me the key to fixing healthcare in the US is to add LESS things on top of it and just ask the <a href="https://social.sdf.org/tags/doctors" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>doctors</span></a> and <a href="https://social.sdf.org/tags/nurses" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>nurses</span></a> what they need."</p><p><a href="https://social.sdf.org/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>uspol</span></a> <a href="https://social.sdf.org/tags/product" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>product</span></a> <a href="https://social.sdf.org/tags/financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>financialization</span></a> <a href="https://social.sdf.org/tags/medicaid" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>medicaid</span></a> <a href="https://social.sdf.org/tags/insurance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>insurance</span></a> <a href="https://social.sdf.org/tags/health" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>health</span></a> <a href="https://social.sdf.org/tags/medical" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>medical</span></a> <a href="https://social.sdf.org/tags/tech" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>tech</span></a> <a href="https://social.sdf.org/tags/autonomy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>autonomy</span></a></p>
Stephen Elliott~Buckley<p><a href="https://youtube.com/shorts/bE0_yikUr2U?feature=shared" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">youtube.com/shorts/bE0_yikUr2U</span><span class="invisible">?feature=shared</span></a></p><p>Yeshhhh, your landlord doesn't provide YOU with housing because you rent his basement suite. You provide HIM with housing because he couldn't afford his big house WITHOUT YOU!</p><p>Mortgage helper? What a sweet phrase/lie.</p><p><a href="https://mastodon.social/tags/cdnpoli" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cdnpoli</span></a> <a href="https://mastodon.social/tags/canada" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>canada</span></a> <a href="https://mastodon.social/tags/mexico" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mexico</span></a> <a href="https://mastodon.social/tags/fascism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>fascism</span></a> <a href="https://mastodon.social/tags/antifa" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>antifa</span></a> <a href="https://mastodon.social/tags/elbowsup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>elbowsup</span></a> <a href="https://mastodon.social/tags/bcpoli" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>bcpoli</span></a> <a href="https://mastodon.social/tags/vancouver" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>vancouver</span></a> <a href="https://mastodon.social/tags/burnaby" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>burnaby</span></a> <a href="https://mastodon.social/tags/canlab" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>canlab</span></a> <a href="https://mastodon.social/tags/landlords" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>landlords</span></a> <a href="https://mastodon.social/tags/classconsciousness" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>classconsciousness</span></a> <a href="https://mastodon.social/tags/capitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>capitalism</span></a> <a href="https://mastodon.social/tags/financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>financialization</span></a></p>
Miguel Afonso Caetano<p>Quase metade das casas em Lisboa não têm como finalidade a habitação e tanta gente à procura de casa na Área Metropolitana de Lisboa. Depois digam mal dos okupas, digam. Especulai à vontade enquanto que o pessoal sem casa dorme na rua ao frio e à chuva...</p><p>"Before 2008, gentrification was largely absent from many central Lisbon neighbourhoods – areas primarily inhabited by poor, elderly residents living in deteriorating buildings. Investment certainly brought building rehabilitation, but it didn’t translate into residential stability. Despite the improvements, the centre of the city lost 25% of its population between 2011 and 2021. Across the municipality, of the dwellings built or renovated between during this period, only 56.5% serve as primary residences. The rest are either vacant, used as second homes, or converted into short-term rentals.</p><p>All this contradicts the neoliberal supply and demand story as the escalation of property prices is not linked to an actual demand for homes to live in and the formation of new households. Instead, what we see is that Lisbon is now on the radar of investors who use housing as a financial asset: a process where real estate is produced not to meet residential needs, but to maximise returns. In a context shaped by a flexible rental law, local landlords have capitalised on this shift, engaging in rentier practices by steadily raising rents and extracting increasing value from a shrinking pool of habitable homes.</p><p>The result is a city that welcomes foreign wealth but excludes many of its own citizens, prioritising the desires of global consumers over the needs of local communities. The current housing crisis reflects a stark disconnect between wages and property prices – with housing costs approaching those of global cities in a country where salaries remain among the lowest in Europe."</p><p><a href="https://www.theguardian.com/commentisfree/2025/jun/25/lisbon-europe-portugal-golden-visa-capital-investors-short-term-rentals" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theguardian.com/commentisfree/</span><span class="invisible">2025/jun/25/lisbon-europe-portugal-golden-visa-capital-investors-short-term-rentals</span></a></p><p><a href="https://tldr.nettime.org/tags/Portugal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Portugal</span></a> <a href="https://tldr.nettime.org/tags/Lisboa" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Lisboa</span></a> <a href="https://tldr.nettime.org/tags/Inequality" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Inequality</span></a> <a href="https://tldr.nettime.org/tags/Lisbon" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Lisbon</span></a> <a href="https://tldr.nettime.org/tags/Housing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Housing</span></a> <a href="https://tldr.nettime.org/tags/Tourism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Tourism</span></a> <a href="https://tldr.nettime.org/tags/Capitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Capitalism</span></a> <a href="https://tldr.nettime.org/tags/Neoliberalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Neoliberalism</span></a> <a href="https://tldr.nettime.org/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a></p>
Doug BostromUS degeneration: access to pharmacies
@economyandspace<p>OnlineFirst - "Dubai diasporas, transnational remittances and intimate infrastructures of finance in India" by Siddharth Menon:</p><p><a href="https://sciences.social/tags/urbandevelopment" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>urbandevelopment</span></a> <a href="https://sciences.social/tags/realestate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>realestate</span></a> <a href="https://sciences.social/tags/financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>financialization</span></a> <a href="https://sciences.social/tags/remittances" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>remittances</span></a> <a href="https://sciences.social/tags/migration" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>migration</span></a> <a href="https://sciences.social/tags/GlobalSouth" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GlobalSouth</span></a></p><p><a href="https://journals.sagepub.com/doi/abs/10.1177/0308518X251344129" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">journals.sagepub.com/doi/abs/1</span><span class="invisible">0.1177/0308518X251344129</span></a></p>
Miguel Afonso Caetano<p>"In line with its ‘timeful’ approach, the book starts working towards its end once we arrive at financialization in the form to which we are accustomed. By this point, Bicocca is almost completely stripped of its old working-class identity. Though the authors do not write in a melodramatic tone here, it’s sad to see that, after a century of struggle, the area is now known as a ‘no-man’s-land’. It was not always planned like this; in the 1980s, Pirelli’s plan was to turn Bicocca into a leading centre of high-tech industrial development named ‘Technocity’. But already by the 1990s, company management realized that basing the neighbourhood’s development entirely on real-estate speculation was much more profitable. In stark contrast, then, with the supposedly ‘dynamic’ financial markets determining the rhythm of its development, Bicocca is now best described by the authors as ‘decaffeinated urbanity’.</p><p>In that sense, Class Meets Land reminds more of the financial markets it takes issue with than of present-day Bicocca: it’s a fast-paced book, in the best sense of the word, and nowhere do the authors trip into excessive theoretical reflection. Yet, its biggest strength lies in Kaika and Ruggiero’s methodological insistence: the struggle between class and capital is never lost sight of, and each historical event is neatly related to what preceded and followed it. As such, they make a convincing case for approaching financialization in its specific historical context and from the perspective of local class struggles."</p><p><a href="https://marxandphilosophy.org.uk/reviews/22135_class-meets-land-the-embodied-history-of-land-financialization-by-maria-kaika-and-luca-ruggiero-reviewed-by-victor-stout/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">marxandphilosophy.org.uk/revie</span><span class="invisible">ws/22135_class-meets-land-the-embodied-history-of-land-financialization-by-maria-kaika-and-luca-ruggiero-reviewed-by-victor-stout/</span></a></p><p><a href="https://tldr.nettime.org/tags/Italy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Italy</span></a> <a href="https://tldr.nettime.org/tags/Milan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Milan</span></a> <a href="https://tldr.nettime.org/tags/Operaismo" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Operaismo</span></a> <a href="https://tldr.nettime.org/tags/Manufacturing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Manufacturing</span></a> <a href="https://tldr.nettime.org/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a> <a href="https://tldr.nettime.org/tags/History" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>History</span></a> <a href="https://tldr.nettime.org/tags/Marxism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Marxism</span></a> <a href="https://tldr.nettime.org/tags/ClassWarfare" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClassWarfare</span></a> <a href="https://tldr.nettime.org/tags/Bicocca" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Bicocca</span></a></p>
Dan Vieira<p>Financial landlords are leading Toronto rent hikes. Waterloo researchers are first to prove corporations, such as private equity firms, drive up the prices of rental apartments in the city. <a href="https://uwaterloo.ca/news/financial-landlords-are-leading-toronto-rent-hikes" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">uwaterloo.ca/news/financial-la</span><span class="invisible">ndlords-are-leading-toronto-rent-hikes</span></a> <a href="https://mstdn.social/tags/toronto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>toronto</span></a> <a href="https://mstdn.social/tags/tore" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>tore</span></a> <a href="https://mstdn.social/tags/realestate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>realestate</span></a> <a href="https://mstdn.social/tags/cdnecon" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cdnecon</span></a> <a href="https://mstdn.social/tags/cdnpoli" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cdnpoli</span></a> <a href="https://mstdn.social/tags/financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>financialization</span></a> <a href="https://mstdn.social/tags/econ" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>econ</span></a></p>
Doug Bostrom<p>"Examining the intricate interplay between private foundations, resilience, and the neoliberal system allows for an exploration of how disasters, particularly those driven by climate change, are perceived as opportunities for development within a neoliberal society. This research endeavors to answer the question: How does the instrumentalization of resilience by private foundations contribute to the development of financialization in disaster assistance?"</p><p><a href="https://scicomm.xyz/tags/ClimateResilience" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateResilience</span></a> <br><a href="https://scicomm.xyz/tags/ClimateAdaptation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateAdaptation</span></a> <br><a href="https://scicomm.xyz/tags/DisasterMining" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DisasterMining</span></a><br><a href="https://scicomm.xyz/tags/financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>financialization</span></a> </p><p><a href="https://www.sciencedirect.com/science/article/pii/S221209632500021X?dgcid=rss_sd_all" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">sciencedirect.com/science/arti</span><span class="invisible">cle/pii/S221209632500021X?dgcid=rss_sd_all</span></a></p>
Dan Vieira<p>🤔 🏠 🇨🇦 'The Great Selloff: How Our Homes Became Someone Else’s Business.' - J. Pasalis <a href="https://youtu.be/U_mMnbmjc1g?si=_Mg4Um3Vdq0z7800" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">youtu.be/U_mMnbmjc1g?si=_Mg4Um</span><span class="invisible">3Vdq0z7800</span></a> <a href="https://mstdn.social/tags/tore" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>tore</span></a> <a href="https://mstdn.social/tags/toronto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>toronto</span></a> <a href="https://mstdn.social/tags/speculation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>speculation</span></a> <a href="https://mstdn.social/tags/cdnpoli" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cdnpoli</span></a> <a href="https://mstdn.social/tags/cdnecon" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cdnecon</span></a> <a href="https://mstdn.social/tags/labour" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>labour</span></a> <a href="https://mstdn.social/tags/realestate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>realestate</span></a> <a href="https://mstdn.social/tags/cdnhistory" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cdnhistory</span></a> <a href="https://mstdn.social/tags/financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>financialization</span></a></p>
Aurianne Or<p><a href="https://mastodon.social/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a>, <a href="https://mastodon.social/tags/deregulation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deregulation</span></a> and <a href="https://mastodon.social/tags/securitizationtransactions" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>securitizationtransactions</span></a>: <a href="https://www.aurianneor.org/financialization-deregulation-and-securitization-transactions/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">aurianneor.org/financializatio</span><span class="invisible">n-deregulation-and-securitization-transactions/</span></a></p><p><a href="https://mastodon.social/tags/aurianneor" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>aurianneor</span></a> <a href="https://mastodon.social/tags/banks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>banks</span></a> <a href="https://mastodon.social/tags/capitalmobility" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>capitalmobility</span></a> <a href="https://mastodon.social/tags/capitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>capitalism</span></a> <a href="https://mastodon.social/tags/crises" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crises</span></a> <a href="https://mastodon.social/tags/democracy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>democracy</span></a> <a href="https://mastodon.social/tags/deposit" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>deposit</span></a> <a href="https://mastodon.social/tags/economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economy</span></a> <a href="https://mastodon.social/tags/goldenage" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>goldenage</span></a> <a href="https://mastodon.social/tags/high" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>high</span></a>-frequencytrading <a href="https://mastodon.social/tags/investment" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>investment</span></a> <a href="https://mastodon.social/tags/invisiblehand" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>invisiblehand</span></a> <a href="https://mastodon.social/tags/junkbonds" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>junkbonds</span></a> <a href="https://mastodon.social/tags/loans" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>loans</span></a> <a href="https://mastodon.social/tags/MargaretTatcher" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MargaretTatcher</span></a> <a href="https://mastodon.social/tags/politics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>politics</span></a> <a href="https://mastodon.social/tags/post" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>post</span></a>-war <a href="https://mastodon.social/tags/prosperity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>prosperity</span></a> <a href="https://mastodon.social/tags/regulations" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>regulations</span></a> <a href="https://mastodon.social/tags/rich" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>rich</span></a> <a href="https://mastodon.social/tags/risk" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>risk</span></a> <a href="https://mastodon.social/tags/robots" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>robots</span></a> <a href="https://mastodon.social/tags/RonaldReagan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RonaldReagan</span></a> <a href="https://mastodon.social/tags/scandal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>scandal</span></a> <a href="https://mastodon.social/tags/securitization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>securitization</span></a> <a href="https://mastodon.social/tags/shares" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>shares</span></a> <a href="https://mastodon.social/tags/state" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>state</span></a> <a href="https://mastodon.social/tags/stateintervention" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>stateintervention</span></a> <a href="https://mastodon.social/tags/strongregulation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>strongregulation</span></a> <a href="https://mastodon.social/tags/subprimecrisis" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>subprimecrisis</span></a> <a href="https://mastodon.social/tags/taxes" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>taxes</span></a> <a href="https://mastodon.social/tags/Toobigtofail" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Toobigtofail</span></a> <a href="https://mastodon.social/tags/trading" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>trading</span></a> <a href="https://mastodon.social/tags/transactions" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>transactions</span></a> <a href="https://mastodon.social/tags/wealth" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>wealth</span></a></p>
Miguel Afonso Caetano<p>"Many people are nervous about random selection and the idea of bringing together a diverse group to make collective judgments, especially in finance. The concern is, if people don’t know anything about finance, why would we expect them to make good decisions about something as important as where a large fund should invest its money?</p><p>Let me address this in two ways. First, research shows that when you bring together a cognitively diverse group – people with different perspectives, backgrounds, education, and life experiences – they tend to make more innovative and well-rounded decisions than a group of people who are demographically similar and all highly educated or experts in the field. For example, a group of Harvard economists may seem more qualified, but a randomly selected group of people who represent a broad spectrum of society can often generate much more fresh, insightful judgments. This idea is supported by cognitive science, which shows that diversity of thought leads to better decision-making.William F. Buckley famously said he would rather be governed by the first 100 names in the phone book than by the graduating class of Harvard University. I agree with him! </p><p>The second point, however, is where things get tricky: how do you manage governance through random selection? It's not just about gathering random people and giving them a question to answer. There are experts involved in the process who help frame the questions and guide the deliberations. This is where the challenge lies – ensuring that the process isn't dominated by facilitators or experts who have their own agendas. The key is to ensure that the decisions are genuinely made by the randomly selected people, not by those managing the process. The effectiveness of this method hinges on good facilitation techniques, ensuring that the facilitators support the process without hijacking it."</p><p><a href="https://www.hpeproject.org/blog/democratizing-finance-2" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">hpeproject.org/blog/democratiz</span><span class="invisible">ing-finance-2</span></a></p><p><a href="https://tldr.nettime.org/tags/PoliticalEconomy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PoliticalEconomy</span></a> <a href="https://tldr.nettime.org/tags/Finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Finance</span></a> <a href="https://tldr.nettime.org/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a> <a href="https://tldr.nettime.org/tags/FinancialDemocracy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FinancialDemocracy</span></a> <a href="https://tldr.nettime.org/tags/Democracy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Democracy</span></a></p>
Miguel Afonso Caetano<p>"Income from financial assets even among those 5-10% of the world population and 40% of Americans who receive it, is extraordinarily skewed toward the rich. Inequality of financial income is not like inequality of labor income. It is much higher. For example, labor income (before taxes) Gini in the United States is typically around 0.55; capital income Gini is above 0.9. The same is true for virtually every country in the world. Income from financial assets is like wealth: it is disproportionately received by the very top of the distribution. In the United States about 90% of all different financial instruments and assets are owned by only 10% of the richest Americans (see Ed Wolff, “A century of wealth in America”, Kuhn, Schularick and Steins, “Income and Wealth Inequality in America, 1949-2016”). Thus, saying that 40% of Americans have some income from financial assets is somewhat misleading because most of them have very little of it—and just a few receive the Gargantuan share. Which means that we should be even less worried if the stock market goes South.</p><p>So to summarize: there are several reasons for cheering up the decline in the stock market: it reduces wealth inequality by obliterating the wealth at the very top; it does not affect the incomes of most people (60% of Americans and 90-95% of the people in the world); and among those who are affected, it is la crème de la crème who lose the most and thus they are de facto taxed (a policy which otherwise is difficult to implement)."</p><p><a href="https://braveneweurope.com/branko-milanovic-the-stock-market-fetish" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">braveneweurope.com/branko-mila</span><span class="invisible">novic-the-stock-market-fetish</span></a></p><p><a href="https://tldr.nettime.org/tags/Capitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Capitalism</span></a> <a href="https://tldr.nettime.org/tags/Finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Finance</span></a> <a href="https://tldr.nettime.org/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a> <a href="https://tldr.nettime.org/tags/StockMarket" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StockMarket</span></a> <a href="https://tldr.nettime.org/tags/Inequality" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Inequality</span></a></p>
Miguel Afonso Caetano<p>"Random selection in decision-making over public finance – in other words, lottocracy – is not widespread. However, there are some examples outside the United States. Take Costa Rica, for instance. The Banco Popular, the country's main public bank, is governed by a Worker’s Assembly of 290 members, all chosen from various occupational sectors. This board determines the strategic vision of the bank, shaping the programs the bank offers. That said, research and the historical record show that deliberative processes work best when there’s a clear set of issues for people to address. They don’t work as well when the question is too broad. For example, it would be too open-ended to simply gather 290 people in a room and ask them, “What should the bank do?” These processes need clear parameters to guide them.</p><p>We can think about workers establishing democratic control over their pension investments in a similar way. Though we often think of European countries as having large state-run retirement plans, like those in France or Italy, the Netherlands relies more heavily on employer-based pension plans, with one of the largest covering all retail workers. Recently, the retail workers' pension fund, the pensioenfonds detailhandel, which has nearly $35 billion in assets under management, decided to experiment with democratic governance. Even though this fund already follows progressive investment principles – such as avoiding investments in oil or weapons manufacturers – the beneficiaries, who include current and future retirees, came together over three separate days to deliberate on the fund’s investments. After a discussion, they decided to prioritize social good over maximizing returns.</p><p>The beneficiaries didn’t just care about financial returns; they saw their financial interests intertwined with the public good."</p><p><a href="https://www.hpeproject.org/blog/democratizing-finance-to-defeat-the-far-right" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">hpeproject.org/blog/democratiz</span><span class="invisible">ing-finance-to-defeat-the-far-right</span></a></p><p><a href="https://tldr.nettime.org/tags/Finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Finance</span></a> <a href="https://tldr.nettime.org/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a> <a href="https://tldr.nettime.org/tags/Democracy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Democracy</span></a> <a href="https://tldr.nettime.org/tags/DemocraticFinance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DemocraticFinance</span></a> <a href="https://tldr.nettime.org/tags/Capitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Capitalism</span></a> <a href="https://tldr.nettime.org/tags/Neoliberalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Neoliberalism</span></a></p>
Miguel Afonso Caetano<p>"Trump’s crusade to rebalance trade is occurring because the vicious cycle propping up the FIRE sector at the expense of the American people is breaking down. The rise of the multipolar world order disrupts the American oligarchy’s interests. The modernization and economic development of the rest of the world reduces the need for other countries to rely on American imperial hegemony. There are more trade opportunities than ever outside America. Other countries are less reliant on access to American markets, weakening the dollar’s status as reserve currency. </p><p>Any gains for the productive economy from Trump’s tariffs will likely be sabotaged by the FIRE sector’s malinvestment of capital and the foreign-policy establishment’s unwillingness to withdraw from the world. America can’t have its cake (of maintaining the dollar as the global reserve currency) and eat it too (bringing back manufacturing and resolving trade imbalances). The oligarchy cannot be expected to act in America’s best interests, because that is at the expense of its interests. </p><p>Ending the rule of the American oligarchy would require reductions of military spending, ending proxy conflicts, closing bases, and embracing diplomacy. For the FIRE sector, this would entail taxing financial transactions, using central bank window guidance, and establishing a national development bank to direct investment into productive sectors and not to asset price inflation. Tariff policy wouldn’t be used as a retaliatory action, but as a targeted and measured policy tool for incubating critical domestic industries."</p><p><a href="https://www.compactmag.com/article/liberating-america-requires-more-than-tariffs/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">compactmag.com/article/liberat</span><span class="invisible">ing-america-requires-more-than-tariffs/</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a> <a href="https://tldr.nettime.org/tags/Globalization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Globalization</span></a> <a href="https://tldr.nettime.org/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FreeTrade</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Protectionism</span></a></p>
no-advice<p>The financialization of Bitcoin (futures, ETFs, derivatives) is both inevitable and necessary for its maturation, despite pushback from some early adopters. This expands market depth and reduces volatility. <a href="https://mastodon.social/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a></p>
Canadian Association For Food Studies<p>Financialization</p><p>Explore the scholarship on financialization in Canadian Food Studies! No paywalls! Just knowledge sharing!</p><p><a href="https://canadianfoodstudies.uwaterloo.ca/index.php/cfs/search/index?query=%22Financialization%22&amp;dateFromYear=&amp;dateFromMonth=&amp;dateFromDay=&amp;dateToYear=&amp;dateToMonth=&amp;dateToDay=&amp;authors=" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">canadianfoodstudies.uwaterloo.</span><span class="invisible">ca/index.php/cfs/search/index?query=%22Financialization%22&amp;dateFromYear=&amp;dateFromMonth=&amp;dateFromDay=&amp;dateToYear=&amp;dateToMonth=&amp;dateToDay=&amp;authors=</span></a></p><p><a href="https://mstdn.ca/tags/Read" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Read</span></a> all you want! <a href="https://mstdn.ca/tags/OpenAccess" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OpenAccess</span></a><br><a href="https://mstdn.ca/tags/Share" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Share</span></a> generously! <a href="https://mstdn.ca/tags/KnowledgeSharing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>KnowledgeSharing</span></a><br><a href="https://mstdn.ca/tags/Grow" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Grow</span></a> your understanding of <a href="https://mstdn.ca/tags/Food" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Food</span></a><br><a href="https://mstdn.ca/tags/Repeat" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Repeat</span></a></p><p><a href="https://mstdn.ca/tags/Farmland" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Farmland</span></a> <a href="https://mstdn.ca/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a> <a href="https://mstdn.ca/tags/Concentration" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Concentration</span></a> <a href="https://mstdn.ca/tags/RuralCommunity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RuralCommunity</span></a> <a href="https://mstdn.ca/tags/CommunityFinancing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CommunityFinancing</span></a> <a href="https://mstdn.ca/tags/LocalInvestment" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>LocalInvestment</span></a> <a href="https://mstdn.ca/tags/Cooperatives" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Cooperatives</span></a> <a href="https://mstdn.ca/tags/SustainableFood" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SustainableFood</span></a> <a href="https://mstdn.ca/tags/FoodSystems" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FoodSystems</span></a> <a href="https://mstdn.ca/tags/SupplyChain" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SupplyChain</span></a> <a href="https://mstdn.ca/tags/CanAg" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CanAg</span></a></p>
Canadian Association For Food Studies<p>A review of The Political Economy of Agribusiness: A Critical Development Perspective</p><p>Nil Alt</p><p><a href="https://mstdn.ca/tags/Agribusiness" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Agribusiness</span></a> <a href="https://mstdn.ca/tags/Brazil" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Brazil</span></a> <a href="https://mstdn.ca/tags/CriticalStudies" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CriticalStudies</span></a> <a href="https://mstdn.ca/tags/AgriculturalDevelopment" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>AgriculturalDevelopment</span></a> <a href="https://mstdn.ca/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a> <a href="https://mstdn.ca/tags/Farmland" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Farmland</span></a> <a href="https://mstdn.ca/tags/FoodSovereignty" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FoodSovereignty</span></a> <a href="https://mstdn.ca/tags/PoliticalEconomy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PoliticalEconomy</span></a> <a href="https://mstdn.ca/tags/RuralResistance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RuralResistance</span></a> <a href="https://mstdn.ca/tags/PeasantResistance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PeasantResistance</span></a> <a href="https://mstdn.ca/tags/IndigenousResistance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>IndigenousResistance</span></a> <a href="https://mstdn.ca/tags/BookReview" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BookReview</span></a> <a href="https://mstdn.ca/tags/CurrentlyReading" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CurrentlyReading</span></a> <a href="https://mstdn.ca/tags/Books" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Books</span></a> </p><p><a href="https://mstdn.ca/tags/Read" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Read</span></a> all you want! <a href="https://mstdn.ca/tags/OpenAccess" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OpenAccess</span></a><br><a href="https://mstdn.ca/tags/Share" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Share</span></a> generously! <a href="https://mstdn.ca/tags/KnowledgeSharing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>KnowledgeSharing</span></a><br><a href="https://mstdn.ca/tags/Grow" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Grow</span></a> your understanding of <a href="https://mstdn.ca/tags/Food" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Food</span></a><br><a href="https://mstdn.ca/tags/Repeat" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Repeat</span></a></p><p><a href="https://canadianfoodstudies.uwaterloo.ca/index.php/cfs/article/view/711" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">canadianfoodstudies.uwaterloo.</span><span class="invisible">ca/index.php/cfs/article/view/711</span></a></p>
Miguel Afonso Caetano<p>"This article explores the puzzling ups and downs of Tesla, going through one the most volatile stock market swings of the recent past, under conditions of financialised capitalism. We adopt a conjunctural approach, highlighting both the macro and micro dynamics shaping the firm’s financial market trajectory. Among these, meticulously maintained narratives, boosted by social media, attracted dedicated followers, while the rise of new retail trading platforms and excitement around Tesla’s index inclusion helped in producing its stock ‘mementum’. This volatility was further supported by an exceptionally large volume of financial derivatives trading, paralleling a public battle between short sellers and the company’s defenders. The resulting stock market boom enabled Tesla to stabilise its finances, whilst its ‘mercurial’ CEO Elon Musk negotiated the largest executive compensation package in US corporate history, turning him into the world’s richest individual. In conclusion, we argue that Tesla serves as an emblematic case of an increasingly tech-driven financialised capitalism, which scholars could use as a window to study future conjunctures."</p><p><a href="https://www.cambridge.org/core/journals/finance-and-society/article/capitalising-on-conjunctures-teslas-ups-and-downs-in-financialised-capitalism/004CA3F5233945EA10402713ECC1C830" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">cambridge.org/core/journals/fi</span><span class="invisible">nance-and-society/article/capitalising-on-conjunctures-teslas-ups-and-downs-in-financialised-capitalism/004CA3F5233945EA10402713ECC1C830</span></a></p><p><a href="https://tldr.nettime.org/tags/Tesla" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Tesla</span></a> <a href="https://tldr.nettime.org/tags/Musk" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Musk</span></a> <a href="https://tldr.nettime.org/tags/FinancializedCapitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FinancializedCapitalism</span></a> <a href="https://tldr.nettime.org/tags/Finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Finance</span></a> <a href="https://tldr.nettime.org/tags/MemeStock" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MemeStock</span></a> <a href="https://tldr.nettime.org/tags/BigTech" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BigTech</span></a> <a href="https://tldr.nettime.org/tags/Speculation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Speculation</span></a> <a href="https://tldr.nettime.org/tags/Financialization" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Financialization</span></a></p>