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flutterfly28180 karma

I took your class at UC Berkeley in Spring 2012 and one of the points you emphasized was the danger of cynicism.

I'm concerned that many of Bernie's ardent supporters on Reddit will immediately snap back into cynicism if Bernie does not win the nomination. Do you think this will be the case? What advice would you give to these Sanders supporters if Hillary does become the Democratic nominee for President?

flutterfly283 karma

From Supercapitalism: "Our desires as consumers and investors usually win out because our values as citizens have virtually no effective means of expression – other than in heated rhetoric directed against the wrong targets.”

Could you explain this for Reddit? I thought this was one of the most interesting topics from your lectures and a lot of people would benefit from understanding it.

flutterfly282 karma

In a functioning economy it's supposed to be a balance.

When unemployment is high, people fight over jobs. Wages get lower, people leave the job market and balanced is restored.

When unemployment is low (4% or so), companies fight over employees. Wages/benefits are raised, more people enter the job market because it's more lucrative. Balance is restored.

(We're not really in a functioning economy.)

flutterfly282 karma

Go Bears!

I did my undergrad at Berkeley and am now getting my PhD at Harvard. I visited Berkeley recently and remembered how much I loved it. Now, I'm dreaming of coming back and being faculty there.

So my question for you - How is being faculty at Berkeley compared to at other institutions? How does the culture of the institution (public university, liberal environment, California Bay Area, etc.) affect your work?