DAVID GRAEBER ~ BULLSHIT JOBS ~ 2018

~ LAS-U-IFO-TCOPWAA-M/M/F/M-T ~ Layoffs And Speed-Ups – Invariably Fall On – That Class Of People Who Are Actually – Making / Moving / Fixing / Maintaining – Things

~ I-1%-OTP-CMOT-DW-WWC-‘TM’-RW-T-TIUOI-NAE ~ If – 1 Percent – Of The Population – Controls Most Of The – Disposable Wealth – What We Call – “The Market” – Reflects What – They – Think Is Useful Or Important – Not Anybody Else

~ HWNMTW ~ Humans Were Not Made To Work

~ WHBACBO-W-NE-‘PW’-B-WAEAMII ~ We Have Become A Civilization Based On – Work – Not Even – “Productive Work” – But – Work As An End And Meaning In Itself

~ MLOPO ~ Multiple Layers Of Private Outsourcing

~ BS-J-TA-POEMUOT-TTPDTJCTB-P/U/OEP-JT-WTTD-WMNDW-AA-TAJTTHTFSNE-T-THTBSDO-PAF-IAW-TJ-MFOTP-TTI-IF-AGRWHJE ~ Bullshit Jobs – Jobs – That Are – Primarily Or Entirely Made Up Of Tasks – That The Person Doing That Job Considers To Be – Pointless / Unnecessary / Or Even Pernicious – Jobs That – Were They To Disappear – Would Make No Difference Whatsoever – Above All – These Are Jobs That The Holders Themselves Feel Should Not Exist – Typically – There Has To Be Some Degree Of – Pretense And Fraud – Involved As Well – The Jobholder – Must Feel Obliged To Pretend – That There Is – In Fact – A Good Reason Why Her[/His] Job Exists

~ MPWDAGDOHITW-APATKTTDS-O-TATTB-TEAOP-TIAAT-TCUWRWTARDG-N-TASRTA-TT ~ Most People Who Do A Great Deal Of Harm In The World – Are Protected Against The Knowledge That They Do So – Or – They Allow Themselves To Believe – The Endless Accretion Of Paid Flunkies – That Inevitably Assemble Around Them – To Come Up With Reasons Why They Are Really Doing Good – Nowadays – These Are Sometimes Referred To As – Think Tanks

~ ITPOTEIACO-PBTWIONSV-OSPATATAR ~ If The Preponderance Of Those Engaged In A Certain Occupation – Privately Believe Their Work Is Of No Social Value – One Should Proceed Along The Assumption They Are Right

~ AD-B-J-TA-P-AJTAM-B-‘SJ’-TTASOC-O-TMABCO ~ Another Distinction – Between – Jobs – That Are – Pointless – And Jobs That Are Merely – Bad – “Shit Jobs” – The Two Are So Often Confused – Odd – They Might Almost Be Considered Opposites

~ BS-OPQWATTOEWC-TJP-SJ-AUNAAB-TTIWTNTBDAICOBTS-IJTTWWDTAPATB ~ Bullshit Jobs – Often Pay Quite Well And Tend To Offer Excellent Working Conditions – They’re Just Pointless – Shit Jobs – Are Usually Not At All Bullshit – They Typically Involve Work That Needs To Be Done And Is Clearly Of Benefit To Society – It’s Just That The Workers Who Do Them Are Paid And Treated Badly

~ IIATPTHAJTIBSAB ~ It Is Also Theoretically Possible To Have A Job That Is Both Shit And Bullshit

~ N-UB-SJARI-TPS-AI-TPS-EM-PAPBHBSIETIOVDTTTA ~ Nowadays – Useless Bureaucrats – Seem Just As Rife In – The Private Sector – As In – The Public Sector – Even More – Public And Private Bureaucracies Have Become So Increasingly Entangled That It’s Often Very Difficult To Tell Them Apart

~ ‘MR’-AICBM-NL ~ “Market Reforms” Almost Invariably Create More Bureaucracy – Not Less

~ CA-BR-AFYB-BO-TY-IATFO-GR-B-IYRWTRACFR-MOTWWB-TB ~ Complain About – Bureaucratic Run-Around From Your Bank – Bank Officials – Tell You – It’s All The Fault Of – Government Regulations – But – If You Research Where Those Regulations Actually Come From – Most Of Them Were Written By – The Bank

~ IOCRIT-BG-AI-O-T-BW ~ If One Common Reaction Is To – Blame Government – Another Is – Oddly – To – Blame Women

~ TIAVTLB-EL-A-TC ~ There Is A Very Thin Line Between – Extreme Luxury – And – Total Crap

~ TI-IS-AWGOJ-TICTDD-BASWHHPFRUTATDTW ~ There Is – It Seems – A Whole Genre Of Jobs – That Involve Correcting The Damage Done – By A Superior Who Holds His Position For Reasons Unrelated To Ability To Do The Work

~ IIPTHABJANKI? ~ Is It Possible To Have A Bullshit Job And Not Know It?

~ TMAPEOBTIABS ~ The Moral And Psychological Effects Of Being Trapped Inside A Bullshit Job

~ HB-A-SIS-TI-COFRWOH-TBTDP ~ Human Beings – Are – So Intrinsically Social – That If – Cut Off From Relations With Other Humans – They Begin To Decay Physically

~ AHBUTHAMIOTWCTE ~ A Human Being Unable To Have A Meaningful Impact On The World Ceases To Exist

~ TT-MS-MOF-PWFDTDF-TTTDOOAY-BJAFHADO-AOFD-NAA ~ The Typical – Medieval Serf – Male Or Female – Probably Worked From Dawn To Dusk For – Twenty To Thirty Days Out Of Any Year – But Just A Few Hours A Day Otherwise – And On Feast Days – Not At All

~ TITOPTCBTSEIAQP-MHSTHEEWNHCOSAT-HCYBT?-AAR-TOMOEOWLTWDEITAWAOPWAAS ~ The Idea That One Person’s Time Can Belong To Someone Else Is Actually Quite Peculiar – Most Human Societies That Have Ever Existed Would Never Have Conceived Of Such A Thing – How Could You Buy Time? – As A Result – The Overwhelming Majority Of Examples Of Wage Labor That We Do Encounter In The Ancient World Are Of People Who Are Already Slaves

~ TINAGAWWCBM-BTWITMI ~ Time Is Not A Grid Against Which Work Can Be Measured – Because The Work Is The Measure Itself

~ ‘S’-TLOCM-M-PM-BJ-I-S-TCOBA-NOIESWTASTSOHTASTFATS ~ “Scriptlessness” – The Lack Of Cultural Models – Many – Probably Most – Bullshit Jobs – Involve – Scriptlessness – The Codes Of Behavior Ambiguous – No One Is Even Sure What They Are Supposed To Say Or How They Are Supposed To Feel About Their Situation

~ S-RASAFCOBJ ~ Stress-Related Ailments Seem A Frequent Consequence Of Bullshit Jobs

~ YCS-‘O’-TYB ~ You Can’t Say – “Orange” – To Your Boss

~ TLOASOPEAAP ~ The Lack Of A Sense Of Purpose Eats Away At People

~ IHENBTSWAFTYASTH ~ It’s Hard Enough Nowadays Being Taken Seriously When Asking For Things You’re Already Supposed To Have

~ WWAWI-TROTFO-PC-T-OW-CPAC-D-T-S-F-SOT-THATDIW-WEWTNFTTO-TSCAIO ~ What We Are Witnessing Is – The Rise Of Those Forms Of – Popular Culture – That – Office Workers – Can Produce And Consume – During – The – Scattered – Furtive – Shards Of Time – They Have At Their Disposal In Workplaces – Where Even When There’s Nothing For Them To Do – They Still Can’t Admit It Openly

~ TMOLOM-WBJITSTTOA-HCTDAA-‘CI’ ~ The Multiplication Of Levels Of Managers – Whose Basic Job Is To Sell Things To One Another – Has Come To Dominate Almost All – “Creative Industries”

~ W-WNLFALTCTFNTT-HTBI-M/M/S ~ Workers – Who No Longer Felt Any Loyalty To Corporations That Felt None Toward Them – Had To Be Increasingly – Monitored / Managed / Surveilled

~ TSTBAIC-B-TFOTE-TBOII-A-TPOBS ~ There Seems To Be An Intrinsic Connection – Between – The Financialization Of The Economy – The Blossoming Of Information Industries – And – The Proliferation Of Bullshit Jobs

~ A-MROWH-IPTQAETTCBDTSTP ~ A – Mass Reduction Of Working Hours – Is Probably – The Quickest And Easiest Thing That Could Be Done To Save The Planet

~ TMYWHABO-A-TM-SV-YC-TLYALTBPFI ~ The More Your Work Helps And Benefits Others – And – The More – Social Value – You Create – The Less You Are Likely To Be Paid For It

~ ROTCC ~ Revolt Of The Caring Classes

~ W-A-A-E-I-I-M ~ Work-As-An-End-In-Itself-Morality

~ TMTEBAMOTM-DOL-TM-IAUCOC-AMS-STATFOOBSTSUAMOTLAP ~ The More The Economy Becomes A Matter Of The Mere – Distribution Of Loot – The More – Inefficiency And Unnecessary Chains Of Command – Actually Make Sense – Since These Are The Forms Of Organization Best Suited To Soaking Up As Much Of That Loot As Possible

~ TPOMW=MPSODAS-WICUIWFAL+MPHTJ ~ The Paradox Of Modern Work = Most People’s Sense Of Dignity And Self-Worth Is Caught Up In Working For A Living + Most People Hate Their Jobs

DAVID GRAEBER ~ THE FIVE MAJOR VARIETIES OF BULLSHIT JOBS ~ BULLSHIT JOBS ~ 2018

~ WFD-OOPTMSELOFI-YCBMWAE ~ What Flunkies Do – Only Or Primarily To Make Someone Else Look Or Feel Important – You Cannot Be Magnificent Without An Entourage

~ WGD-PW-J-A-EMAA ~ What Goons Do – People Whose – Jobs – Are – Essentially Manipulative And Aggressive

~ WDTD-WJEOBOAGOFITO-TSAPTONTE ~ What Duct Tapers Do – Whose Jobs Exist Only Because Of A Glitch Or Fault In The Organization – To Solve A Problem That Ought Not To Exist

~ WBTD-EWEOOPTAAOTBATCIIDST-IF-IIND ~ What Box Tickers Do – Employees Who Exist Only Or Primarily To Allow An Organization To Be Able To Claim It Is Doing Something That – In Fact – It Is Not Doing

~ WTD-TWRCEOAWTO ~ What Taskmasters Do – Those Whose Role Consists Entirely Of Assigning Work To Others

~ AM-DTDPWOTFCIBT-OTMSTCEOS ~ Ambiguous Multiform – Difficult To Determine Precisely Which Of The Five Categories It Belongs To – Often It May Seem To Contain Elements Of Several

~ SOBJ-INSPAAOT-B-WAUP-B-TAPISOAPE ~ Second Order Bullshit Jobs – In No Sense Pointless In And Of Themselves – But – Which Are Ultimately Pointless – Because – They Are Performed In Support Of A Pointless Enterprise

THOMAS MOORE ~ A LIFE AT WORK ~ 2008

~ A-LW-IAMAEAAACA ~ A – Life Work – Is As Much An Emotional Accomplishment As A Concrete Achievement

~ MPSIWTFTTDANIOTAETFAWTD ~ Many People So Identify With Their Failures That They Develop A Negative Image Of Themselves And Expect To Fail At Whatever They Do

~ SPCRAPWTFOFITAKTSATCL ~ Successful People Can Reach A Plateau Where The Fear Of Failure Inhibits Them And Keeps Them Stuck At Their Current Level

~ A-LW-IMASTAF-ARTYWHBMANTIHFBCAF ~ A Life Work Is More A Sensation Than A Fact – A Realization That Your Work Has Been Meaningful And Not That It Has Finally Become Complete And Flawless

~ SBCPITPFTFTFTWTW-BIADM-IHYTAFYAYC ~ Some Blame Certain People In Their Past For Their Failure To Find The Work They Want – Blaming Is A Defensive Maneuver – It Helps You To Avoid Facing Yourself And Your Choices

~ TPINAPTBS-IYM-TCTOWYAAHYCTTPIYL ~ The Past Is Not A Problem To Be Solved – It’s Your Mystery – The Complicated Tale Of Who You Are And How You Came To This Point In Your Life

~ MPLATATLAP-TAALFACTWEEAFMLB-SAD-TAMNITSTTCBRIDW-ITYMADTSYAGTLI-YSSYTYCINJAUM-CPAC-CEAMSTO-CFC ~ Many People Look At Themselves And Their Lives As Problems – They Are Always Looking For A Clue That Will Explain Everything And Finally Make Life Better – Stories Are Different – They Are More Neutral In The Sense That They Can Be Read In Different Ways – In The Telling You May Add Details That Surprise You And Give The Listener Insights – Your Stories Show You That Your Chaos Is Not Just An Unidentifiable Mass – Certain People Are Central – Certain Events More Significant Than Others – Certain Feelings Consistent

~ BTAGSABS-EWORYH-A-C-BUP-WOATBS ~ But There Are Good Stories And Bad Stories – Effective Ways Of Recounting Your History – And – Clever – But Ultimately Pointless – Ways Of Avoiding The Bad Stuff

~ PAONITHOSTTDLITSTTOH-TTITD-AT-WTCSA-B-TFTOASMBJAS-YHTTI-AAA-BIG-R-D-AP-D-WET ~ People Are Often Not In The Habit Of Seeing Through To Deeper Layers In The Stories They Tell Or Hear – They Take In The Details – And Then – Want To Consider Some Action – But – The First Telling Of A Story May Be Just A Sketch – You Have To Tell It – Again And Again – Because It Gets – Richer – Deeper – And Perhaps – Darker – With Each Telling

~ TFTASOTPITT-USSEATP ~ The Fascinating Thing About Stories Of The Past Is That They – Usually Say Something Enlightening About The Present

~ AYTYS-ETYHKHFALT-IAYPAYCCO-YGTKYB-AAT-BETMD ~ As You Tell Your Stories – Especially Those You Have Kept Hidden For A Long Time – Insights About Your Past And Your Character Come Out – You Get To Know Yourself Better – And Are Then – Better Equipped To Make Decisions

~ TPCIARR ~ The Present Chaos Is A Rich Resource

~ POATTAAEAOR-WIT-TAASTTLOTFSBWTL ~ People Often Assume That They Are Always Experiencing An Objective Reality – When In Truth – They Are Always Seeing Through The Lens Of The Familiar Stories By Which They Live

~ WDW-TTOC-BIAKOOI-ATOIU-H/I/D-IPAPFDWTNATU ~ We Deal With – The Threat Of Chaos – By Imposing A Known Order On It – And That Order Is Usually – Habitual / Ingrained / Defensive – It Protects A Person From Dealing With The New And The Unexpected

~ OHOIALB ~ Our Habits Of Interpretation Are Like Blinders

~ SAJOCRITBIIABF-BOWFBOICGTROTP ~ Sometimes A Job Or Career Runs Into Trouble Because It Is A Bad Fit – But Often We Fail Because Our Imaginations Can’t Grasp The Richness Of The Possibilities

~ OUOTWLWIL-UWMEMTKB ~ Our Understanding Of The Way Life Works Is Limited – Until We Make Enough Mistakes To Know Better

~ APOIINUBTOWOFAF ~ A Person Of Imagination Is Not Undone By The Overwhelming Weight Of Facts And Feelings

~ TIISTAMITB:IWME-EATO-WIHB-P/E/H ~ The Imagination Is Similar To A Muscle In The Body: It Works More Effectively – Especially Against The Odds – When It Has Been – Practiced / Exercised / Honed

~ TTOCBAPP-BWWCWAAI-ICARUPWTBD ~ The Time Of Chaos Can Be A Painful Period – But When Worked Closely With An Active Imagination – It Can Also Reveal Underlying Possibilities Waiting To Be Developed

~ PSSYHTUWT-TDKHTETD-OTDFETC ~ People Sometimes Spend Years Holding Their Unhappiness Within Them – They Don’t Know How To Express Their Dissatisfaction – Or They Don’t Feel Entitled To Complain

~ THYG-TMYRLTWTGOYBADF-YCBDFYPAYFR-AYSTDAAFOEOL ~ The Higher You Go – The More You Risk Losing Touch With The Ground Of Your Background And Deepest Feelings – You Can Be Disconnected From Your Past And Your Family Roots – And You Sense The Disconnection As A Feeling Of Emptiness Or Lack

~ YAMBAVOD-VFGATM-BIUANAMBD-AIHTBRBOII ~ Your Anger May Be A Venting Of Dissatisfaction – Venting Feels Good At The Moment – But It Usually Accomplishes Nothing And May Be Destructive – And It Has To Be Repeated Because Of Its Ineffectiveness

~ IYALFYLW-AC-D-H-A-WY-IWOWAYUYSITAABWICPAR ~ If You Are Looking For Your Life Work – And Carry – Deep – Hidden – Anger – With You – It Will Only Work Against You Unless You Submit It To An Alchemy By Which Its Constructive Powers Are Released

~ MPWB-ITPOTLW-FTCOTRAIEPQO-F/D/J ~ Most People Would Benefit – In The Pursuit Of Their Life Work – From The Conversion Of Their Raw Anger – Into – Effective Personal Qualities Of – Firmness / Direction / Judgement

~ ALWITEOYUSWTAMITTTYD ~ A Life Work Is The Emergence Of Your Unique Self Worked Through And Manifested In The Things That You Do

~ ALWSAOAAGIADMOT-YHT-FOI-TI-A-LITYIYF ~ A Life Work Sometimes Appears Only As A Glimmer In A Dark Mist Of Trouble – You Have To – Focus On It – Trust It – And – Let It Take You Into Your Future

~ POLFLAWSTTP-WTAMTTFOASBOL ~ People Often Look For Large And Weighty Solutions To Their Problems – When The Answer Might Take The Form Of A Small Beam Of Light

~ TTWITSTTYTBOITTADTDFFASH ~ The Trouble With Intuitions That Seem To Tell You To Back Off Is That They Are Difficult To Distinguish From Fear And Simple Hesitation

~ WYATTSYLC-PATASOBITWP-EIBAECYSTBS ~ When You Are Trying To See Your Life Calling – Pay Attention To Any Sensations Of Being In The Wrong Place – Even If By All External Criteria You Seem To Be Successful

~ AOPSIIIW-BSITPOTP ~ Accomplishing Or Producing Something Is Important In Work – But So Is The Pleasure Of The Process

~ CINAGOPOAO-CIAOTL-IWYDYIRTTWAY-RTOICWY ~ Community Is Not A Group Of People Or An Organization – Community Is An Outlook Toward Life – In Which You Define Yourself In Relation To The World Around You – Rather Than Only In Connection With Yourself

~ BMIICHRMPEP-WAODTAATS ~ Becoming More Involved In Community Helps Resolve Many Personal Emotional Problems – Which Are Often Due To Anxiety About The Self

~ CINAAOP-IIAFOL ~ Community Is Not An Arrangement Of People – It Is A Form Of Love

~ IYWAAJTCYE-YAD-YPVMIODAYWIA-SEHDRIYEAV-YWFDAY ~ If You Work At A Job That Contradicts Your Ethics – You Are Divided – Your Personal Values Moving In One Direction And Your Work In Another – Since Ethics Has Deep Roots In Your Emotions And Your Vision – You Will Feel Divided Against Yourself

~ BTTYE-AYHABCOKWTDIL ~ Be True To Your Ethics – And You Have A Better Chance Of Knowing What To Do In Life

~ YWITP ~ To Work Is To Pray

PAUL STREET ~ THEY RULE ~ THE 1% VS. DEMOCRACY

~ T-HG-‘G’-‘ARTLAB’-SRIPAOTFT-AOMSILY-WMSORDALR ~ The – Holy Grail – “Growth” – “A Rising Tide Lifts All Boats” – Supposedly Rendering Irrelevant Popular Anger Over The Fact That – An Opulent Minority Sails In Luxurious Yachts – While Millions Struggle On Rickety Dinghies And Leaking Rowboats

~ GLG-BIETFDWI ~ Governments Love Growth – Because It Excuses Them From Dealing With Inequality

~ TTU-CGOBOOV ~ The Timeworn Upper-Class Game Of Blaming One’s Own Victims

~ T-SGA-HMLTDW-TSILO-M-A-TF(ARPSG)-TIDW-TMHAMRO-GAP-VMA-TAFOWANAA ~ The – Second Gilded Age – Has Much Less To Do With – The Supposedly Inexorable Logic Of Market – And – Technological Forces (And Related Purported Skills Gaps) – Than It Does With – The More Human And Malleable Realms Of – Greed And Politics – Very Much About – Taking Away From Others While Adding Nothing At All

~ TRIINWG-COS-‘W’-IIRTQO-WGPSWF-TPATCG-O-TNLCOWAP ~ The Real Issue Is Not Whether Government – Can Or Should – “Work” – It Is Rather The Question Of – Whom Government Policy Should Work For – The Public And The Common Good – Or – The Nation’s Leading Centers Of Wealth And Power

~ TPOO-NW-C-A-OB-AC-CU-T-S/D/L-OMRP ~ The Passing On Of – Net Worth – Connections – And – Other Benefits – Across Generations – Covers Up – The – Stupidity / Decrepitude / Laziness – Of Many Rich People

~ TNN-A-EE-ER-S-P-OTUBTROTSTITFEATCAOGP-ALTNA-MJ-EP-WEI ~ There’s Nothing New – About – Economic Exploitation – Elite Rent-Seeking – Plutocracy – Or The Use By The Rich Of The State To Increase Their Fortunes Even As They Complain About Overreaching Government Power – Also Less Than Novel Are – Mass Joblessness – Endemic Poverty – Widespread Economic Insecurity

~ M-T-‘MH’-O-‘TBTF’-TGGOGFI-WETI-TPIUER-HOI ~ Meanwhile – The – “Moral Hazard” – Of – “Too Big To Fail” – The Guaranteed Government Bailout Of Giant Financial Institutions – Will Encourage Those Institutions – To Persist In Undertaking Excessive Risks – Has Only Increased

~ TTFOCMNAC ~ The Tragic Farce Of Corporate Media News And Commentary

~ MMI ~ Manufacturing Mass Ignorance

~ TITCMP-MNLBE-TAGI-TFAEC ~ The Inequality That Creates Mass Poverty – Must No Longer Be Evaded – Through A Growth Ideology – That Fuels An Environmental Collapse

DAN ARIELY ~ IRRATIONALLY YOURS ~ 2015

~ LA-IOOTMBAW-UPISS-TBFITLSHASEITGSOTSV ~ Loss Aversion – Is One Of The Most Basic And Well-Understood Principles In Social Science – The Basic Finding Is That Losing Something Has A Stronger Emotional Impact Than Gaining Something Of The Same Value

~ WWFDWOSTWFAEV-WATWOOP-OOSM-AOME-OWTPALATSIA-C/MR/MO-W-ITSOPACWAWWGTOBFITWITSES ~ When We Face Decisions We Often See The World From An Egocentric Viewpoint – We Are Trapped Within Our Own Perspective – Our Own Special Motivations – And Our Momentary Emotions – One Way To Overcome This Perspective And Look At The Situation In A – Cooler / More Rational / More Objective – Way – Is To Switch Our Perspective And Consider What Advice We Would Give To Our Best Friend If They Were In The Same Exact Situation

~ S-YS-A-SIR-SSWRW-EWPDMI-MI-EITPFWYAAFFKTYDRMI ~ Say – You’re Sorry – And – Say It Repeatedly – Saying Sorry Works Rather Well – Even When People Don’t Mean It – Most Interestingly – Even If The Person From Whom You Are Asking For Forgiveness Knows That You Don’t Really Mean It

~ HMSADPUT?-AOS(SL) ~ How Many Steps Ahead Do People Usually Think? – About One Step (Sometimes Less)

~ CIBTTPTMSPIOM?-ACIBTWWALTJFS-OMIW? ~ Could It Be That The Potential To Make Something Perfect Increases OUr Motivation? – And Could It Be That When We Are Limited To Just Fixing Something – Our Motivation Is Weakened?

~ OWPPISS-WATOTBIMOLTSW ~ Once We Put People In Similar Situations – We All Turn Out To Behave In More Or Less The Same Ways

~ IYWYFTESABBTITI-GAAE-B-NTM ~ If You Want Your Friends To Experience Something As Being Better Than It Truly Is – Go Ahead And Exaggerate – But – Not Too Much

~ LPTTTDTMF-A-BTMOTASM ~ Luckier People Tend To Try Different Things More Frequently – And – By Trying More Often They Also Succeed More

~ LTSD-IANG-STMTMF ~ Life To Some Degree – Is A Numbers Game – So Try More Things More Frequently

~ KOEATOYH-A-QCTLPOIOTFMTFEOTMBBFY ~ Keep On Examining All The Options You Have – And Quickly Cut The Less Promising Ones In Order To Free More Time For Exploring Options That Might Be Better For You

~ AGDORSTWWDILOAFOW-LAN-AMILWWWF-SA ~ A Great Deal Of Research Shows That What We Do Is Less Of A Function Of What’s – Legal And Not – And More In Line With What We Find – Socially Acceptable

~ OAMDSNIS-TBCMI ~ Once A More Desirable Social Norm Is Set – The Behavior Can Maintain Itself

~ BOATRUILAM-TMWUI-TMTWB-UASP-WIVLTBAN-OWSBTWTSUFGI ~ But Our Ability To Resist Urges Is Like A Muscle – The More We Use It – The More Tired We Become – Until At Some Point – Which Is Very Likely To Be A Night – Our Willpower Simply Becomes Too Weak To Stop Us From Giving In

CASS SUNSTEIN ~ GOING TO EXTREMES ~ 2009

~ WPFTIGOL-MT-TAELTMT-E-TITPKA-GP ~ When People Find Themselves In Groups Of Like-Minded Types – They Are Especially Likely To Move To – Extremes – This Is The Phenomenon Known As – Group Polarization

~ ITBL-GP-HBSIARWROC ~ In The Behavioural Laboratory – Group Polarization – Has Been Shown In A Remarkably Wide Range Of Contexts

~ SNCOAPMBTHTCATAPAV ~ Social Networks Can Operate As Polarization Machines Because They Help To Confirm And Thus Amplify People’s Antecedent Views

~ MOTT-PDNSTHALAASO-TPASOTGIWTFT ~ Much Of The Time – People Do Not Seem To Have Anything Like An Adequate Sense Of – The Partiality And Skew Of The Groups In Which They Find Themselves

~ OPIG-PSASSTGG ~ Once Placed In Groups – People Show A Significant Shift Toward Greater Generosity

~ POIPCE ~ People Often Ignore Powerful Contrary Evidence

~ CB-TIIMIPFPTDAKO-DM-OTTAOTTL-MALVOTOV ~ Cyberbalkanization – The Internet Is Making It Possible For People To Design A Kind Of – Daily Me – Only The Topics And Opinions That They Like – More And Louder Versions Of Their Own Views

~ FMOWTBTK-HB-LPODI-TMROWOPT ~ For Most Of What They Believe They Know – Human Beings – Lack Personal Or Direct Information – They Must Rely On What Other People Think

~ PAMTAATFTWPC ~ People Are Motivate To Accept Accounts That Fit With Their Preexisting Convictions

MICHAEL HUDSON ~ J IS FOR JUNK ECONOMICS ~ 2017

~ TEOJEIANCO-‘TE’-ITOO-‘TM’-WMM-TSQ-TREME-T-P/E/L-R-O-D-ITRE ~ The Essence Of Junk Economics Is A Narrow Conceptualization Of – “The Economy” – In Terms Only Of – “The Market” – Which Merely Means – The Status Quo – The Resulting Economic Models Exclude – The – Political / Environmental / Legal – Ramifications – Of – Debt – In Today’s Rentier Economies

~ FME-HTTA-AS-ATM-SAHCOGAM-TDHAAPSODALPT ~ Free Market Economist – Have Tried To Appropriate – Adam Smith – As Their Mascot – Stripping Away His Critique Of Groundrent And Monopolies – To Depict Him As A Patron Saint Of Deregulation And Lower Property Taxes

~ A-NANP-TGCI-P-WA-TGCTOMAMW-A-S-WBTO ~ Affluenza – Not A New Phenomenon – The Greeks Called It – Pleonexia – Wealth Addiction – The Greedy Compulsion To Obtain More And More Wealth – And – Specifically – What Belongs To Others

~ A-TAITSQAHTSFL-W-‘F’-MOTBE-ECTPFDS-APLTESAEDDD ~ Austerity – The Assumption Is That Squeezing Out A High Tax Surplus From Labor – Will – “Free” – More Output To Be Exported – Enabling Countries To Pay Foreign Debt Service – Austerity Programs Lead To Economic Shrinkage And Even Deeper Debt Dependency

~ B-ATOWTC-BUSCAPE-R-B/UC/S-TSTFL-PECITHOTFS ~ Bailout – A Transfer Of Wealth To Creditors – Bailouts Usually Save Creditors At Public Expense – Reimbursing – Bankers / Uninsured Creditors / Speculators – To Save Them From Loss – Preserves Economic Control In The Hands Of The Financial Sector

~ B-TB-SIOAF-FM-FFR ~ Banksterism – The Bankster-Subsidized Ideology Of A Financial – Free Market – Free From Regulation

~ AAHHNFA-‘BS’-I-BAITBSOF ~ Anthropologists And Historians Have Not Found Any – “Barter Stage” – Instead – Barter Appears In The Breakdown Stage Of Financialization

~ RHFBBWTITROI ~ Rentiers Have Fought Back By Wrapping Themselves In The Rhetoric Of Individualism

~ TRQI:WGWB-DOO ~ The Real Question Is: Whether Government Will Be – Democratic Or Oligarchic

~ BE-AETTGRAPPSBFE-ABEPCAD ~ Bubble Economy – An Economy Trying To Get Rich And Pay Pensions Simply By Financial Engineering – A Bubble Economy Polarizes Creditors And Debtors

~ C-UTDTSSBOPICA-N-RMT-FC-A-WCVREASS ~ Capitalism – Used To Describe The Social System Based On Promoting Industrial Capital Accumulation – Now – Referring Mainly To – Finance Capitalism – And – Wealth Creation Via Rent Extraction And Asset-Stripping

~ CC-F-BO-FE-RT-IE-NTIIIIBTSFSWROFRTO ~ Casino Capitalism – Finance – Based On – Financial Engineering – Rather Than – Industrial Engineering – No Tangible Investment Is Involved In Betting That Some Financial Securities Will Rise Or Fall Relative To Others

~ CB-ASIABTLCBTOOTB ~ Central Bank – A Semipublic Institution Administered By The Largest Commercial Banks To Operate On Their Behalf

~ C-TITEIFTCTEF-AEF-BTVFNBSA ~ Choice – The Idea That Everyone Is Free To Choose Their Economic Fate – A Euphemism For – Blaming The Victim For Not Being Sufficiently Affluent

~ CS-DF-OARPIBASAB-TADSATSSFBTABTLAPLTC ~ Clean Slate – Debt Forgiveness – Originally A Royal Practice In Bronze Age Sumer And Babylonia – To Annul Debts So As To Save Society From Being Torn Apart By Transferring Land And Personal Liberty To Creditors

~ C-PA-L/W/MR/A/OPI-ANP-TABAISL-TI-V-G-OA-C-NMBRATUTOOFC ~ Commons – Public Assets – Land / Water / Mineral Rights / Airwaves / Other Public Infrastructure – As Natural Monopolies – They Are Best Administered In Society’s Long-Term Interest – Via – Government – Or A – Community – Not Monopolized By Rentiers As The Ultimate Takeover Objective Of Finance Capital

~ ADCIIBOTIMOCI-AIIWDBBLOTBTBEWMUO-OBWDBLA-CS ~ A Debt Crisis Is Inevitable Because Of The Inherent Mathematics Of Compound Interest – At Issue Is Whether Debts Will Be Left On The Books To Burden Economies With Mathematically Untenable Overhead – Or Be Written Down By Legislating A – Clean Slate

~ ADAINATPWTEBSO-ITNIAEDU ~ A Debt Amnesty Is Necessary At The Point Where The Economy Becomes So Over-Indebted That New Investment And Employment Dry Up

~ MCAOTBDMTS ~ Most Consumers Are Obliged To Be Debtors Merely To Survive

~ ACBLAMS-IBFAD-VARWPAP ~ As Crime Becomes Larger And More Successful – It Becomes Financialized And Decriminalized – Victims And Reformers Who Protest Are Prosecuted

~ DD-P-DS-DSAF-CG-A-NBI ~ Debt Deflation – Paying – Debt Service – Diverts Spending Away From – Consumer Goods – And – New Business Investment

~ DP-TOODTPTOL-A/O-TOFM-TC-TCTDAIIC ~ Debt Peonage – The Obligation Of Debtors To Provide Their Own Labor – And/Or – That Of Family Members – To Creditors – To Carry The Debt And Its Interest Charges

~ DP-TBUODSEG-ESMCUTDAWD ~ Debt Pollution – The Build Up Of Debt Stifles Economic Growth – Economic Shrinkage Must Continue Until The Debts Are Written Down

~ D-TP-DROP-ITDTCTTCC-HBOALRI ~ Demagogy – The Post-Democratic Role Of Politicians – Is To Deliver Their Constituencies To Their Campaign Contributors – Headed By Oligarchs And Local Rentier Interests

~ D-RTAASP-EDM ~ Denial – Reluctance To Acknowledge A Systemic Problem – Evidence Doesn’t Matter

~ D-TEITEITSPTFM-WRITTLIDA-MRASAFAOPB ~ Deregulation – The Effect In Today’s Economies Is To Shift Planning To Financial Managers – While Rentier Interests Take The Lead In Dismantling Anti-Monopoly Rules And Safeguards Against Fraud And Other Predatory Behavior

~ D-OOFI-EA-‘RM’ ~ Derivatives – Often Opaque Financial Instruments – Euphemized As – “Risk Management”

~ ER-TAOMPOIC(V) ~ Economic Rent – The Excess Of Market Price Over Intrinsic Cost (Value)

~ EMH-AT-VV-TWIBASIFMRROEC-TPAI-TFTEFGR-TPEI-TLTESB-B/MAOR-ITV-CAAU ~ Efficient Market Hypothesis – A Tunnel-Visioned View – That What Is Bought And Sold In Financial Markets Realistically Reflects Overall Economic Conditions – The Political Aim Is – To Free The Economy From Government Regulation – The Practical Effect Is – To Leave The Economy Steered By – Banks / Monopolists / And Other Rentiers – In This View – Crashes Are Always Unexpected

~ RIIBO-‘TM’-NO-VI-PEOOB ~ Rising Inequality Is Blamed On – “The Market” – Not On – Vested Interests – Pushing Economies Out Of Balance

~ WTES-RL-B-L-FBPTM ~ When The Economy Shrinks – Rentier Lobbyists – Blame – Labor – For Being Paid Too Much

~ F-AITRPO-ROWIITON ~ Factoid – An Idea That Reflects Popular Opinion – Regardless Of Whether It Is True Or Not

~ FC-DCAPP-‘R’-THNRCOP-V-EFPTLAP ~ Fictitious Capital – Debt Claims And Property Privileges – “Rights” – That Have No Real Cost Of Production – Value – Except For Payments To Lawyers And Politicians

~ FE-RSPBPFM-IONCI ~ Financial Engineering – Raising Stock Prices By Purely Financial Means – Instead Of New Capital Investment

~ FL-APTF-ER-TPOP-THNCITAOSNCOPGOS ~ Free Lunch – A Popular Term For – Economic Rent – Transfer Payments Or Prices – That Have No Counterpart In The Actual Or Socially Necessary Costs Of Producing Goods Or Services

~ FM-TTCE-AE-FO-LR/RBP/M ~ Free Market – To The Classical Economist – An Economy – Free Of – Land Rent / Usurious Banking Practices / Monopolies

~ I-AAGI-TRTROCAOWI-T-D-C/D/R-O-ECAL ~ Individualism – An Anti-Government Ideology – That Rationalizes The Right Of Creditors And Other Wealthy Individuals – To – Deprive – Consumers / Debtors / Renters – Of – Economic Choice And Liberty

~ JE-AP-RE-PBVI-TDTBIAPL-IOAEZ-SRS ~ Junk Economics – A Public-Relations Exercise – Promoted By Vested Interests – To Depict Their Behavior In A Positive Light – Instead Of As Exploitative Zero-Sum Rent Seeking

~ N-AITA-B/L/M-FAOPB ~ Neoliberalism – An Ideology To Absolve – Banks / Landlords / Monopolists – From Accusation Of Predatory Behavior

~ N-S-IARC-ETAP-TLDWLONDIASL ~ Neo-Serfdom – Interest And Rent Charges – Expanding To A Point – That Leaves Debtors With Little Or No Disposable Income Above Subsistence Levels

~ O-RBTF ~ Oligarchy – Rule By The Few

~ P-NPOTME-APMIPUFS ~ Politics – Now Part Of The Market Economy – As Policy-Making Is Put Up For Sale

~ TL-‘S’-IATACO-LPF-SOPITPB-STOCAWE-A-DEFREAF ~ The Label – “Socialism” – Is Applied To Any Critique Of – Looting Pension Funds – Selling Off Public Infrastructure To Pay Bondholders – Shifting Taxes Onto Consumers And Wage Earners – And – Deregulating Economies For Rent Extractors And Financializers

~ DTCBP-WB ~ Debts That Cannot Be Paid – Wont Be

~ TLOHITCEWNAHDTMI ~ The Lesson Of History Is That Creditor Elites Will Not Acknowledge How Destructive Their Mythology Is

JAMES RICKARDS ~ THE ROAD TO RUIN ~ 2016

~ TNFC ~ The Next Financial Crisis

~ G-SIFI-‘TBTF’ ~ Globally Systemic Important Financial Institution – “Too Big To Fail”

~ SIB ~ Systemically Important Banks

~ BI-IOBOD-DM-TCTFB ~ Bail-In – Instead Of Bailing Out Depositors – Depositors’ Money – To Recapitalize The Failed Banks

~ MRSU-YTC ~ Money Riots Seem Unreal – Yet They Come

~ SDR-AWMFBTDFI ~ Special Drawing Rights – A World Money Fire Brigade To Douse Financial Infernos

~ TGACERD-RIECCS-F-TC-T-TA-A-BA-IAEG ~ The Government And Corporate Elite Revolving Door – Results In Experts’ Continually Changing Sides – From – Tax Collector – To – Tax Avoider – And – Back Again – It’s An Elite Game

~ CTAIALDECNLA ~ Corporate Tax Avoidance Is A Luxury Developed Economies Can No Longer Afford

~ VW-EIFS-HMFFTSR-WSS ~ Virtual Warfare – Especially In Financial Space – Has Moved From Fantasy To Sophisticated Reality – With Stunning Speed

~ TPOTITTWSGTCANLW ~ The Problem Over Time Is That The Winning Strategy Gets Too Crowded And No Longer Works

~ PWITOLTWSU ~ Personal Wealth Is The Only Language That Wall Street Understands

~ L(N)L ~ Lessons (Not) Learned

~ TISRTAGNVI-RGUIANF-BAFWCB-TOOHT-DOSSC ~ There Is Scant Recognition That As Gross Notional Value Increases – Risk Goes Up In A Nonlinear Fashion – By A Factor Which Can Be – Ten Or One Hundred Times – Depending On Specific System Characteristics

~ CDE-M-O-F-PD-R-IAEFOS-SCIISCPDR-OCBOOC ~ Complex Dynamics Exhibit – Memory – Or – Feedback – Path Dependence – Risk – Is An Exponential Function Of Scale – Small Changes In Initial System Contentions Produce Divergent Results – Output Can Be Orderly Or Chaotic

~ O-B-S-D-ADBTAO-IAC-CCFEOTNTDTTN ~ Off-Balance-Sheet-Derivatives – Are Dangerous Because They Are Opaque – In A Crisis – Counterparties Cannot Find Each Other To Net Transactions Due To This Nontransparency

~ CRSBIAACAEC-TSBE-BNA ~ Capital Requirements Should Be Increased As A Cushion Against Emergent Crises – That Should Be Expected – But Never Are

~ NESCAA ~ Not Every Snowflake Causes An Avalanche

~ FMADNWFB-B-B-A-S/I/R/AIG-MBATOOFMI-SDAAN ~ Free Market Approaches Do Not Work For Banks – Because – Banks – Are – Subsidized / Insured / Regulated / And Implicitly Guaranteed – Modern Banks Are The Opposite Of Free Market Institutions – So Different Approaches Are Needed

~ RMOWSHBDBAMC-‘VAR’-TBTRIRD-ATEEHNBOTNEIAS-B-WIMANLCT?-WINEAPABWWB? ~ Risk Management On Wall Street Has Been Dominated By A Model Called – “Value At Risk” – The Belief That Risk Is Randomly Distributed – And That Each Event Has No Bearing On The Next Event In A Sequence – But – What If Markets Are Not Like Coin Tosses? – What If New Events Are Profoundly Affected By What Went Before?

~ MOTS:BB/MD/MI ~ More Of The Same: Bigger Banks / More Derivatives / More Interconnectedness

~ TNCEIO-OATSIBR ~ The Next Critical Event Is Overdue – Once Again The System Is Blinking Red

~ CMWCTASOC-WA-T-CBWDFMDTCTOTF ~ Capital Markets Were Condemned To A Succession Of Calamities – While Academics-Turned-Central Bankers Waited Decades For More Data To Convince Them Of Their Failures

~ TSBFTBR-SB-FD-LL-A-SM ~ The Step Back From The Brink Requires – Smaller Banks – Fewer Derivatives – Less Leverage – And – Sound Money

~ ECRDFPC-TSAMFS-TIASCOCBBTD ~ Elites Conduct Ritual Disagreements For Public Consumption – These Squabbles Are Mostly For Show – There Is A Shocking Conformity Of Core Beliefs Behind These Debates

~ FT-IAM-AACO-DTOTRBFCA-OMA-ITL-WITCFFT? ~ Free Trade – Is Another Myth – And A Costly One – Do Terms Of Trade Reflect Bona Fide Comparative Advantage – Or Manipulated Advantage – If The Latter – What Is The Case For Free Trade?

~ ODEBEI-FER ~ One Distortion Embraced By Elites Is – Floating Exchange Rates

~ TGTONIEANRANRTII ~ Today Globalization’s Triumph Over Nationalism Is Energizing A Nationalist Revival As Nations Reassess Their Individual Interests

~ CGCPEFTCFS ~ Certain Global Corporations Profit Enormously From The Current Flawed System

~ ASGOGC-WMC-H-TATRP-A-PMTMER-MAMOFT ~ A Small Group Of Global Corporations – With Mobile Capital – Hair-Trigger Ability To Relocate Plants – And – Political Muscle To Move Exchange Rates – Make A Mockery Of Free Trade

~ TSANSOTECIT-1990-AE-2000-CBEIASW:D ~ The Superficial And Nonsustainable Success Of The Elite Consensus In The – 1990s – And Early – 2000s – Can Be Explained In A Single Word: Debt

~ FMAFTA-FIT-NIP ~ Free Markets And Free Trade Are – Flawed In Theory – Nonexistent In Practice

~ SP-HCAHW-ITWF ~ Smart Policy – Helping Capital And Helping Workers – Is The Way Forward

~ ATWMETA-P-EB-CC-O-BCB ~ All The World’s Major Economies Today Are – Planned – Either By – Central Committees – Or – By Central Banks

~ TPEPWADFATCFTS-TPPTP-ASOS-MPTSICFTSPOCA-‘PFP’ ~ The Poor Encounter Police Who Are De Facto Armed Tax Collectors For The State – The Poor Pay The Price – A Share Of Seizures – Motivates Police To Stop Innocent Citizens For The Sole Purpose Of Confiscating Assets – “Policing For Profit”

~ EATPDBGATM ~ Emergency Access To Private Data By Government Agents Takes Minutes

~ AA-SH-TINOTHTHNHB-B-TIMTHNHL-MAS ~ Above All – Study History – There Is Nothing On The Horizon That Has Not Happened Before – But – There Is Much That Has Not Happened Lately – Memories Are Short

~ PTC-IINTEOTW-IITEOAA ~ Periodically Things Collapse – It Is Not The End Of The World – It Is The End Of An Age