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November 2nd, 2010 - Open Knowledge — LiveJournal

Nov. 2nd, 2010

09:46 am - Poor Aren't Poor Because Rich Are Rich

Judged only by economic inequality, the financial crisis is a godsend. It will probably narrow the gap — though still vast — between the rich and everybody else. But what good will that do? Economic inequality also declined in the Great Depression. The country wasn't better off.

By and large, the poor aren't poor because the rich are rich. They're usually poor for their own reasons: family breakdown, low skills, destructive personal habits and plain bad luck.

via realclearmarkets.com


Posted via email from crasch's posterous

09:58 am - While the rest of the city...

...was exploding in post-stickball orgiastic reveling, I was lovingly rooting my new G1, dressing her up in a slinky new Cyanogenmod 6.1.0 RC1. Oh baby, it's a tight fit, but you've still got it.

Posted via email from crasch's posterous

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