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In neo-classical economic theory, it is claimed without evidence that people are basically self-seeking, that they want above all the satisfaction of their material desires: what economists call "maximising utility". The ultimate objective of mankind is economic growth, and that is maximized only through raw, and lightly regulated, competition. If the rewards of this system are spread unevenly, that is a necessary price. Others on the planet are to be regarded as either customers, competitors or factors of production. Effects upon the planet itself are mere "externalities" to the model, with no reckoning of the cost - at least for now. Nowhere in this analysis appears factors such as human cooperation, love, trust, compassion or hatred, curiosity or beauty. Nowhere appears the concept of meaning. What cannot be measured is ignored. But the trouble is that once our basic needs for shelter and food have been met, these factors may be the most important of all. ↗
#consumerism #cooperation #economics #freedom #laissez-faire
I like storms. Thunder torrential rain, puddles, wet shoes. When the clouds roll in, I get filled with this giddy expectation. Everything is more beautiful in the rain. Don't ask me why. But it’s like this whole other realm of opportunity. I used to feel like a superhero, riding my bike over the dangerously slick roads, or maybe an Olympic athlete enduring rough trials to make it to the finish line. On sunny days, as a girl, I could still wake up to that thrilled feeling. You made me giddy with expectation, just like a symphonic rainstorm. You were a tempest in the sun, the thunder in a boring, cloudless sky. I remember I’d shovel in my breakfast as fast as I could, so I could go knock on your door. We’d play all day, only coming back for food and sleep. We played hide and seek, you’d push me on the swing, or we’d climb trees. Being your sidekick gave me a sense of home again. You see, when I was ten, my mom died. She had cancer, and I lost her before I really knew her. My world felt so insecure, and I was scared. You were the person that turned things right again. With you, I became courageous and free. It was like the part of me that died with my mom came back when I met you, and I didn’t hurt if I knew I had you. Then one day, out of the blue, I lost you, too. The hurt returned, and I felt sick when I saw you hating me. My rainstorm was gone, and you became cruel. There was no explanation. You were just gone. And my heart was ripped open. I missed you. I missed my mom. What was worse than losing you, was when you started to hurt me. Your words and actions made me hate coming to school. They made me uncomfortable in my own home. Everything still hurts, but I know none of it is my fault. There are a lot of words that I could use to describe you, but the only one that includes sad, angry, miserable, and pitiful is “coward.” I a year, I’ll be gone, and you’ll be nothing but some washout whose height of existence was in high school. You were my tempest, my thunder cloud, my tree in the downpour. I loved all those things, and I loved you. But now? You’re a fucking drought. I thought that all the assholes drove German cars, but it turns out that pricks in Mustangs can still leave scars. ↗
We have not noticed how fast the rest has risen. Most of the industrialized world--and a good part of the nonindustrialized world as well--has better cell phone service than the United States. Broadband is faster and cheaper across the industrial world, from Canada to France to Japan, and the United States now stands sixteenth in the world in broadband penetration per capita. Americans are constantly told by their politicians that the only thing we have to learn from other countries' health care systems is to be thankful for ours. Most Americans ignore the fact that a third of the country's public schools are totally dysfunctional (because their children go to the other two-thirds). The American litigation system is now routinely referred to as a huge cost to doing business, but no one dares propose any reform of it. Our mortgage deduction for housing costs a staggering $80 billion a year, and we are told it is crucial to support home ownership, except that Margaret Thatcher eliminated it in Britain, and yet that country has the same rate of home ownership as the United States. We rarely look around and notice other options and alternatives, convinced that "we're number one. ↗
#economics #globalization #nationalism #technology #business
But such people (Moderate Conservatives) aren't liberal. What they are is corporate. Their habits and opinions owe far more to the standards of courtesy and taste that prevail within the white-collar world than they do to Franklin Roosevelt and the United Mine Workers. We live in a time, after all, when hard-nosed bosses compose awestruck disquisitions on the nature of 'change,' punk rockers dispense leadership secrets, shallow profundities about authenticity sell luxury cars, tech billionaires build rock'n'roll musuems, management theorists ponder the nature of coolness, and a former lyricist fro the Grateful Dead hail the dawn of New Economy capitalism from the heights of Davos. Coversvatives may not understand why, but business culture had melded with counterculture for reasons having a great deal to do with business culture's usual priority - profit. ↗
Most economists are accustomed to treating companies as idyllic places where everyone is devoted to a common goal: making as much money as possible. In the real world, that’s not how things work at all. Companies aren’t big happy families where everyone plays together nicely. Rather, most workplaces are made up of fiefdoms where executives compete for power and credit, often in hidden skirmishes that make their own performances appear superior and their rivals’ seem worse. Divisions compete for resources and sabotage each other to steal glory. Bosses pit their subordinates against one another so that no one can mount a coup. Companies aren’t families. They’re battlefields in a civil war. Yet despite this capacity for internecine warfare, most companies roll along relatively peacefully, year after year, because they have routines – habits – that create truces that allow everyone to set aside their rivalries long enough to get a day’s work done. ↗
In the market economy the consumers are supreme. Consumers determine, by their buying or abstention from buying, what should be produced, by whom and how, of what quality and in what quantity. The entrepreneurs, capitalists, and landowners who fail to satisfy in the best possible and cheapest way the most urgent of the not yet satisfied wishes of the consumers are forced to go out of business and forfeit their preferred position. In business offices and in laboratories the keenest minds are busy fructifying the most complex achievements of scientific research for the production of ever better implements and gadgets for people who have no inkling of the scientific theories that make the fabrication of such things possible. The bigger an enterprise is, the more it is forced to adjust its production activities to the changing whims and fancies of the masses, its masters. The fundamental principle of capitalism is mass production to supply the masses. It is the patronage of the masses that makes enterprises grow into bigness. The common man is supreme in the market economy. He is the customer “who is always right. ↗
Certainly, Gentlemen, it ought to be the happiness and glory of a representative to live in the strictest union, the closest correspondence, and the most unreserved communication with his constituents. Their wishes ought to have great weight with him; their opinions high respect; their business unremitted attention. It is his duty to sacrifice his repose, his /pleasure, his satisfactions, to theirs/, --- and above all, ever, and in all cases, to prefer their interest to his own. But his unbiased opinion, his mature judgement, his enlightened conscience, he ought not to sacrifice to you, to any man, or to any set of men living. These he does not derive from your pleasure, --- no, nor from the law and the Constitution. They are a trust from Providence, for the abuse of which he is deeply answerable. Your Representative owes you, not his industry only, but his judgement; and he betrays, instead of serving you, if he sacrifices it to your opinions. ↗
The complexity of our present trouble suggests as never before that we need to change our present concept of education. Education is not properly an industry, and its proper use is not to serve industries, either by job-training or by industry-subsidized research. It's proper use is to enable citizens to live lives that are economically, politically, socially, and culturally responsible. This cannot be done by gathering or "accessing" what we now call "information" - which is to say facts without context and therefore without priority. A proper education enables young people to put their lives in order, which means knowing what things are more important than other things; it means putting first things first. ↗
We can contemplate the meaning of your life all you want, but know that you're my meaning... the reason behind just about everything I do―and I would never want to change that. ~ Evan ↗
A tiny and closed fraternity of privileged men, elected by no one, and enjoying a monopoly sanctioned and licensed by government. ↗