Category Archives: Social values

Social Norms and the Enforcement of Laws

Yves here. It is gratifying to see economists take up the question of when laws work, and perhaps even more important, how to make laws work even when they conflict with social norms. In typical economists’ fashion, they contend that as far as businesses work, fines work but more rules don’t. On further examination, that conclusion may not be well founded.

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Class Bigots: Finding Themselves On Third Base and Thinking They Hit a Triple

Yves here. I’m featuring this post from Angry Bear because it presents a vivid example of an increasingly common form of economic hatred: that of seeing anyone lower on the income ladder as fully deserving of their lowly status and a potential, if not actual, social parasite.

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All in the Family: How the Koch Brothers, Sheldon Adelson, Sam Walton, Bill Gates, and Other Billionaires Are Undermining America

Yves here. Even though monied dynasties have long had outsized influence in the US, Steve Fraser contends that billionaires and their scions like the Koch brothers, the Walton heirs, and Sheldon Adelson wield far more power than their predecessors and are in the process of remaking America.

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Matt Stoller: 5 Reasons for the Zephyr Teachout Phenomenon, and 5 Reasons Andrew Cuomo Is Still Governor

“New York’s a small town run by 1,000 decision-makers.” So says Hank Sheinkopf, a consultant in New York politics for more than 40 years and bouncer for the billionaire-fueled New York Democratic establishment. So how did Zephyr, who was not one of those decision-makers, have such an impact? I’ll try to answer that question and offer some observations her campaign and what it meant.

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Bill Black: Time to End Ethnic Profiling in Prosecuting Mortgage Fraud

I am returning to my series of articles about the pathologies that have caused the Department of Justice (DOJ) to suffer a strategic failure in prosecuting the banksters that led the three fraud epidemics that caused the financial crisis and the Great Recession.  I have been inspired by Tom Frank’s column in Salon covering our successful defense of a mortgage fraud case in Sacramento.  This column addresses the single most offensive thing I learned in the course of that case.  Under U.S. Attorney Ben Wagner’s leadership the Eastern District of California has begun targeting immigrants of Russian descent for mortgage fraud prosecutions.

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STILL 1.4 Million Fewer Full-Time Jobs Than in 2008

Yves here. Despite his many faults, Bill Clinton at least recognized that the first responsibility of a Democratic president is to create jobs. Of course, Obama is a Democrat in name only, but until recently, just as the nobility understood its duty was to protect the peasants, the powers that be understood that providing for enough employment at at least adequate wages was one of their major responsibilities. Sadly, the idea of having responsibilities is sorely absent among today’s elites.

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Militarized Policing: One Nation Under SWAT

Yves here. If we had a bona fide democracy left in America, as opposed to a simulacrum of one, the night-after-night spectacle of constabulary overkill in Ferguson would spark outrage and a concerted effort to restrict militarized policing, particularly against peaceful protestors. Officials knew precisely what was at stake when they kept journalists as far away as possible from the 17 city, coordinated paramilitary crackdown against Occupy Wall Street.

But now that many comparatively small cities have war toys like tanks in their possession, and are also hiring former soldiers, it appears that we’ve passed an event horizon. Unless some of these municipalities are prepared to get rid of this militarized policing gear (and not by giving it to another city, but by destroying it or letting it deteriorate into uselessness), it’s inconceivable that the police won’t continue to abuse their greatly expanded powers.

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