Posts Tagged ‘financial crisis’
the credit crisis, explained in 10m May 6th, 2009
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
The Short and Simple Story of the Credit Crisis.
Crisisofcredit.com
The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California.
For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit jonathanjarvis.com.
Support the project and buy a T-Shirt! cafepress.com/crisisofcredit
© Copyright 2009 Jonathan Jarvis
Tags: economics, financial crisis, globalization
Posted in Opinion | Comments (0)
on the end of capitalism November 23rd, 2008
was watching Larry King this morning, there was a Michael Moore interview going on. Moore makes some excellent points, but then goes on to talk about “the end of capitalism, and you know what, that’s a good thing.”
it’s not, and arguments like that are rather myopic. Capitalism, Democracy, and other such systems are “free states” of being, movements if you will. “Free-market capitalism” isn’t to blame for the financial crisis, it’s due diligence of many big firms, or their (and governments’) downright complicity in a variety of frauds, in the name of “freedom” and the “free market”.
To quote wiki, for a second, “Free market economics is closely associated with laissez-faire economic philosophy, which advocates approximating this condition in the real world by mostly confining government intervention in economic matters to regulating against force and fraud among market participants.”
What the banks, the auto makers, and other firms did is no different from the profiteering that rises of oil and war, of piracy, of the ‘liberal’ accounting practices that have been the downfall of companies in the past. The failure of both governments and firms in this crisis is more symptomatic of lazy, greedy minds, which is certainly not a characteristic of the ideals of free market capitalism.
Tags: capitalism, economics, financial crisis, ideas
Posted in Opinion, Politics/Ideas | Comments (0)
