[M1] A look at China’s banking system. This is not promising.
[M2] Melinda Cooper on how neoliberals and conservatives teamed up to bring down the welfare state with talk of, among other things, familial responsibility.
[M4] A lot of comic book plots (especially Joker-related ones) involve abandoned amusement parks. They ought to involve abandoned shopping malls. It is interesting to think back to when shopping malls were relevant enough to be hated.
[M5] There’s definitely some truth to this. I recently realized that $10/mo of my money as going to an outfit that I had thought went out of business. It was a peculiarity that I didn’t find it sooner, but that never would have happened when money was tighter and might not have happened now if Clancy were still working.
[M7] America may have a problem with the wealthy pretending they’re not wealthy. I think he’s too quick to assume that there aren’t strategic reasons for the 90% not to include the next 9% with the 1% and say, in essence, “we mean you” to a lot more people. From a policy standpoint, though, there are only so many 1%ers to milk. Also, Phoebe Maltz Bove has a really good response.
[M8] We want social mobility, but maybe not too much social mobility. The most interesting tidbit: liberals are more likely to favor the perpetuation of the upper middle class than conservatives. Perhaps because they have faith in the meritocracy?