The Parallel Parliament

Glen Pearson

Posts tagged “wealth

The Real Creator of Jobs

Posted on January 28, 2015

IN RESPONDING TO NICK HANAUEER’S observation that “the pitchforks are coming,” one of the .01% noted that the democracy has successfully “tamed” the masses, to the point where violent responses to growing economic inequality are no longer likely. One wonders what that person must think of the millions marching in the streets of Paris in response to a brutal attack on Charlie Hebdo, or the hundreds of thousands marching in streets across the world seeking change in the world’s financial system. These demonstrators might not carry rudimentary weapons like pitchforks, it’s true, but on the other hand, armed with smartphones, websites, petitions, cameras, and powerful texting abilities has meant that they can actually enter into the consciousness of the world in ways never seen…

Pitchfork Democracy

Posted on January 27, 2015

THE DAVOS MEETINGS HAVE CONCLUDED AND, as always, we await the results. Warnings were coming from everywhere prior to the exclusive sessions – possible recessions, the lowering price of oil, global inequality. But as far back as last summer, one of those in the world’s most elite financial club was already sounding the alarm at various levels. Nick Hanauer helped launch 30 businesses, including Amazon, owns a bank, his own plane, a huge yacht, and qualifies, not as a member of the 1%, but of the .01%. He says that one of his keenest strengths is to possess a kind of instinctive sense of what the future will bring. What is his sense picking up now? “I see pitchforks,” he states confidently. “Our problem is…

Christmas Opposite

Posted on December 23, 2014

YOU WON’T BE SURPRISED TO HEAR THAT the number of those who are homeless has increased in recent years. What does irk us somewhat is the discovery that the numbers of those homeless in the upper 1% is also going up. It’s not that they don’t have homes – the average number is three for this group, and that doesn’t include holiday homes or yachts – it’s that they increasingly avoid settling down anywhere. They often put more importance on their means of transport to all these various places than they do in the temporary habitats they reside in. Those in the upper crust have always been characterized by their possession of opulent homes. But in previous times, at least, they actually lived and worked…

Firms of Endearment

Posted on May 20, 2014

  I LOVE THIS TITLE, BUT IT DIDN’T ORIGINATE WITH ME. It came from Raj Sisodia, professor of marketing at Bentley University and formed part of the title from his book, Firms of Endearment: How World-Class Companies Profit From Passion and Purpose. Sisodia is a firm believer that modern capitalism has departed from its early tenets and principles and is suffering a global meltdown in reputation as a result. He co-founded the Conscious Capitalism Institute in order to promote a dual message that capitalism has gone off course but that its recovery is essential if humanity is to progress. His is a voice we need, in part because we have too frequently castigated capitalism as the great culprit of all our ills when in…

Do You Hear the People Sing?

Posted on May 15, 2014

FOR THOSE POLITICAL AND FINANCIAL LEADERS who don’t necessarily like hearing that the status quo is under deep suspicion by citizens, communities, and groups worldwide, here are a couple of other headaches for you. Your problems are growing. Universities have always been seedbeds of reform and activism, but many will be surprised to learn that on campuses across Europe, in Tel Aviv, and New York, students of economics have gained ground in raising their opposition to their peers and mentors who feel that their field is a science and that there is little can be done. Not so, says the International Student Initiative for Pluralism in Economics – a fancy name but with a gutsy mandate. We want to ultimately create a space in which…

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