{"id":2227,"date":"2025-12-16T10:14:45","date_gmt":"2025-12-16T18:14:45","guid":{"rendered":"https:\/\/alteritas.net\/alteritas\/?p=2227"},"modified":"2025-12-16T10:22:02","modified_gmt":"2025-12-16T18:22:02","slug":"capitalism-is-the-elepjant-ithe-room","status":"publish","type":"post","link":"https:\/\/alteritas.net\/alteritas\/2025\/12\/16\/capitalism-is-the-elepjant-ithe-room\/","title":{"rendered":"“Capitalism” is the Elephant in the Room"},"content":{"rendered":"

The four \u2018O\u2019s that shape a bubble<\/a><\/p>\n

This contribution to the “bubble of bubble talk” is one reason I read the FT, even though it is a tool of capitalism. In fact that’s what we need to do, to take and to use the tools of capitalism.\u00a0<\/span><\/p>\n

This is an insight I owe\u00a0 <\/span>to my friend and almost not quite fellow-traveler, the late Loren Goldner. Over forty years ago he famously, to me, replied to my question as to how he always knew understood what the capitalists are doing: “I read the Financial Times. \u00a0There the capitalists tell each other flat out what they are doing.”<\/p>\n

(To clarify: I said “not quite a fellow-traveler” because I was a “petty-bourgeois social-democrat”.)<\/p>\n

The four \u2018O\u2019s that shape a bubble<\/a><\/p>\n

https:\/\/www.ft.com\/content\/ff72f64b-fc58-4f11-9b75-e30f99031936<\/a><\/p>\n

“The one constant trigger for a crash, going back to the railroad bubbles of the 19th century, has been rising interest rates and tightening financial conditions. So while we are clearly in a bubble, it could keep growing until the money inflating it starts drying up.”<\/p>\n

Capitalism<\/a> (Wiki)<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The four \u2018O\u2019s that shape a bubble This contribution to the “bubble of bubble talk” is one reason I read the FT, even though it is a tool of capitalism. In fact that’s what we need to do, to take and to use the tools of capitalism.\u00a0 This is an insight I owe\u00a0 to my … <\/p>\n

Continue reading ““Capitalism” is the Elephant in the Room”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-2227","post","type-post","status-publish","format-standard","hentry","category-post"],"_links":{"self":[{"href":"https:\/\/alteritas.net\/alteritas\/wp-json\/wp\/v2\/posts\/2227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alteritas.net\/alteritas\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alteritas.net\/alteritas\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alteritas.net\/alteritas\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/alteritas.net\/alteritas\/wp-json\/wp\/v2\/comments?post=2227"}],"version-history":[{"count":5,"href":"https:\/\/alteritas.net\/alteritas\/wp-json\/wp\/v2\/posts\/2227\/revisions"}],"predecessor-version":[{"id":2232,"href":"https:\/\/alteritas.net\/alteritas\/wp-json\/wp\/v2\/posts\/2227\/revisions\/2232"}],"wp:attachment":[{"href":"https:\/\/alteritas.net\/alteritas\/wp-json\/wp\/v2\/media?parent=2227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alteritas.net\/alteritas\/wp-json\/wp\/v2\/categories?post=2227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alteritas.net\/alteritas\/wp-json\/wp\/v2\/tags?post=2227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}