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    • Five Hundred Million Dollar Negative Yield Bond Issued
      No, central banks aren’t screwing the economy up with their purchases: Veolia (Paris:VIE) has issued a 500 million 3-year EUR bond (maturity November 2020) with a negative yield of -0.026 %, which is a first for a BBB issuer. To be clear, central banks didn’t buy those bonds, investors did. But central bank purchases of […]
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Timmy’s Tantrum vs. the Mosuo Matriarchy

0,1020,1534447,00mWhile reading Dakinikat’s post on Geithner’s profanity-laced rant against Sheila Bair and Mary Shapiro I could not help but wonder how the dynamic would have been changed had either Bair or Shapiro been in Geithner‘s position and vice versa. This lead me to wonder if their gender might have influenced his performance tactic or if his control issues manifested themselves in a gender-neutral fashion. Then, having recently read a piece in Der Speigel on the Mosuo matriarchy, I wondered how differently the whole episode would be playing out, if the Mosuo matriarchy’s institutional structure was guiding their behavior.

At the outset, it is worth noting that the Mosuo matriarchy is only one of potentially myriad forms of matriarchy. This brief mainstream media-derived post should not be seen as claiming that all matriarchies would carry similar features based upon a specific essentialized version of human femaleness in its socially-dominant context.

SPIEGEL ONLINE: Is Mosuo society a paradise for feminists?

Coler: I had expected to find an inverse patriarchy. But the life of the Mosuo has absolutely nothing to do with that. Women have a different way of dominating. When women rule, it’s part of their work. They like it when everything functions and the family is doing well. Amassing wealth or earning lots of money doesn’t cross their minds. Capital accumulation seems to be a male thing. It’s not for nothing that popular wisdom says that the difference between a man and a boy is the price of his toys.

Hmm. I think it fair to suggest the Mosuo’s take on the role of the Federal Reserve Bank, and Wall Street in general, would proceed along a vastly different tack then it did in the aforementioned meeting. Given the downplay of capital accumulation, how does this cash out in terms of social organization?

SPIEGEL ONLINE: What is life like for a man in a matriarchy?

Coler: Men live better where women are in charge: you are responsible for almost nothing, you work much less and you spend the whole day with your friends. You’re with a different woman every night. And on top of that, you can always live at your mother’s house. The woman serves the man and it happens in a society where she leads the way and has control of the money. In a patriarchy, we men work more — and every now and then we do the dishes. In the Mosuo’s pure form of matriarchy, you aren’t allowed to do that. Where a woman’s dominant position is secure, those kinds of archaic gender roles don’t have any meaning.

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