By Henry Miller
Carrying on with the subversive self-revelation began in Tropic of melanoma and Tropic of Capricorn, Henry Miller takes readers alongside a mad, free-associating trip from the damp filth of his Brooklyn adolescence to the sun-splashed cafes and squalid apartments of Paris. With incomparable glee, Miller shifts without difficulty from Virgil to venereal ailment, from Rabelais to Roquefort. during this seductive technicolor swirl of Paris and manhattan, he captures like not anyone else the mixing of individuals and the towns they inhabit.
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Rogoff. This Time is Different: Eight Centuries of Financial Folly. Princeton: Princeton University Press, 2009. Print. The term ‘global financial crisis’ (GFC) is frequently applied. However, as the focus of this study is on the United States, I apply the term financial crisis to refer to those developments that occurred largely within the United States. These are closely connected to the global economy, which are discussed later in this chapter. See the introductory chapter for a discussion of the Financial Crisis Inquiry Commission (FCIC) This information was made public in a press release by the Board of Governors of the Federal Reserve System on September 16, 2008.
The figures are sobering: there is a record of social and income inequality, high unemployment rates, a welfare and healthcare system in urgent need of reform as well as the ongoing War on Terror, to name only the most pressing issues. Both, American democracy and with it, the American Dream are currently in a state of crisis. They are ideals which do not correspond to the reality of American society. In light of the ideals of the American Dream, the high level of social inequality becomes all the more disturbing because it no longer appears to be a concept that can be achieved by the majority of the population, but rather seems to be increasingly exclusive (and perhaps elusive).
Recent studies even show that the possibility for social ascent is currently lower in the US than in Europe. In the analysis “Mobility in the United States in Comparative Perspective” (2009), sociologist Markus Jäntti summarizes that the United States has a much more unequal distribution of income than most developed nations. S. poverty thresholds). 2 Culture & Consumption 47 How is this unequal distribution of wealth related to a lack of social mobility? To answer this question, Alan B. Krueger, Bendheim Professor of Economics and Public Affairs, Princeton University, has introduced the so-called “Great Gatsby Curve” into the public debate in a speech he gave in 2012.
Black Spring by Henry Miller