CARNE ROSS ~ THE LEADERLESS REVOLUTION ~ 2011

~ ACIAPSC ~ Anyone Can Initiate A Profound Social Change

~ TVCIW-NA-FMOU-PIASS-WO-TD ~ The Vast Crowd Is Watching – Not Acting – For Most Of Us – Politics Is A Spectator Sport – We Observe – They Do

~ TDCBVATR ~ The Deepening Chasm Between Voters And Their Representatives

~ TPSIOMAMNBC-BB-BBATW ~ The Political Space Is Occupied More And More Not By Citizens – But By – Big Business And The Wealthy

~ WPUTF-A-FP-TPTPP ~ Wealthy Philanthropists Use Their Foundations – And – Financial Pull – To Promote Their Political Preferences

~ IGCPF-TSSAJAOO-CA-WC? ~ If Government Cannot Provide For – The – Stability – Safety – And – Just Arbitration – Of Our Common Affairs – Who Can?

~ SOG-IOT-A-RMLT-I-A ~ Self-Organized Government – Is One Term – Another – Rather More Loaded Term – Is – Anarchism

~ TMAOVILLALAAAS ~ The Minimalist Act Of Voting Is Looking Less And Less Adequate As A Solution

~ IINCT-CPI-WNOI-DIF-SGSATTCIOH-I-IIETTII-ETIOTMPIGOCI-A-NL-TPN-ITE ~ It Is Not Clear That Contemporary Political Institutions – Whether National Or International – Do In Fact Successfully Give Sufficient Attention To The Common Interest Of Humanity – Instead – It’s Increasingly Evident That These Institutions Instead – Elevate The Interests Of The Most Powerful Interest Groups Over Collective Interests – And – Neglect Long-Term Primary Needs – Including The Environment

~ SUFPDP-AATWSU-PATNT-S ~ Setting Up Fake Pro-Democracy Pages – Arresting All Those Who Showed Up – Power Adapts To New Technology – Swiftly

~ IOED-TW-OMLTFT-OAW-ATATOD-‘TDM’ ~ Instead Of Encouraging Debate – The Web – Offers Multiple Locations To Find Those – One Agrees With – And To Avoid Those One Doesn’t – “The Daily Me”

~ ‘DD’-MP ~ “Deliberative Democracy” – Meeting People

~ IPATTDSABSWICIA-ATOTDI ~ If People Are Told To Do Something Awful By Someone Who Is Clearly In Authority – All Too Often They Do It

~ WPFNAANRFTA-TCCHC ~ When People Feel No Agency And No Responsibility For Their Actions – They Can Commit Horrific Crimes

~ AIAIUFO-THO-‘G’-WAFOUOLGOPM ~ As In All Institutions Unscrutinized From Outside – The Hold Of – “Groupthink” – Was A Firm One Upon Our Little Group Of Policy Makers

~ TAIO-CIWTCOTA-RTMUT-EOUIRFTWAII-AFEO ~ The Answer Is Obvious – Confront Individuals With The Consequences Of Their Actions – Restore The Moral Understanding That Each Of Us Is Responsible For The World As It Is – And For Each Other

~ HCATGOPPKWIBFTCOM? ~ How Can A Tiny Group Of People Possibly Know What Is Best For Their Country Of Millions?

~ TMEOA-‘P’-CTEITSIBD-WIIN ~ The Mere Existence Of A – “Process” – Created The Erroneous Impression That Something Is Being Done – When It Is Not

~ TMDEOTS-INTIDW-IITW-IWNIISTF-CI-PTBI-CTAE-A-PITC ~ The Most Dangerous Effect Of The System – Is Not That It Doesn’t Work – It Is That We – In Whose Name It Is Supposed To Function – Condone It – Pretend To Believe It – Contrary To All Evidence – And – Permit It To Continue

~ CTCA-IACHAFGPTCTC-AITOTWW-TGP ~ Contrary To Common Assumptions – Individuals Acting Collectively Have A Far Greater Power To Control Their Circumstances – And Indeed Those Of The Whole World – Than Governments Pretend

~ TMATE ~ The Means Are The Ends

~ PCMRTW-WRIBTA-I-REOT-EWC-CRMWA-A-AIDTMTCRWIPTTBFEI ~ People Can Manage Resources Tolerably Well – Without Rules Imposed By The Authorities – If – Rules Evolved Over Time – Entitlements Were Clear – Conflict Resolution Measures Were Available – And – An Individual’s Duty To Maintain The Common Resource Was In Proportion To The Benefits From Exploiting It

~ LYC-AIDOWYCMA-DNLOTYWTCA-MUYOM ~ Locate Your Convictions – An Individual Discovery Of What You Care Most About – Do Not Let Others Tell You What To Care About – Make Up Your Own Mind

~ WGTM-WGTG-? ~ Who’s Got The Money – Who’s Got The Gun – ?

~ AAITMATE-IAH-AIAN ~ Act As If The Means Are The End – It’s All Here – And It’s All Now

~ GCTTNOO-BUWTSATN-NWWTTNA-APWTW ~ Give Consideration To The Needs Of Others – Based Upon What They Say Are Their Needs – Not What We Think Their Needs Are – Ask People What They Want

~ ATSTM-H-YCMTMD ~ Address Those Suffering The Most – Here – You Can Make The Most Difference

~ C&N ~ Consult And Negotiate

~ UN ~ Use Nonviolence

~ DNBSW-P-OW-R ~ Do Not Be Satisfied With – Process – Only With – Results

~ IITATBOTPWMH-EITDNKI ~ It Is Those At The Base Of The Pyramid Who Make History – Even If They Do Not Know It

~ EFIBTA ~ Even Failure Is Better Than Acquiescence

HAL NIEDZVIECKI ~ THE PEEP DIARIES ~ 2009

~ PC ~ Peep Culture

~ WAPOPC-WALTLWOAON ~ We’re All Part Of Peep Culture – We’re All Learning To Love Watching Ourselves And Our Neighbors

~ IP-LILOCR-B-YNKWYGTWTBATRS ~ In Peep – Life Is Lived On Constant Record – Because – You Never Know When You’re Going To Want To Be Able To Rewind Something

~ TIUNC ~ The Increasingly Ubiquitous Nanny Cam

~ P-E-ALIP-FOIAODTA-TMOC-A-TOLLIFOAFAA ~ Peep – Emerges – At Least In Part – From Our Increasing And Ongoing Desire To Adopt The Mantel Of Celebrity – And – Try Out Life Lived In Front Of And For An Audience

~ TMWETRO-TMWBUTBOCAP-ITITWOP ~ The More We’re Encouraged To Reveal Ourselves – The More We’re Becoming Used To Being Observed Constantly And Perpetually

~ AWTSOTP?~ Increasingly Tangled In The Web Of Peep – Are We The Spiders Or Their Prey?

~ PCII ~ Peep Culture Is Infectious

~ S-ATOSAP-F-RCTAOC-TTLMOLI-ATB-OAC ~ Suddenly – All Things Once Sacred And Private – From – Religious Ceremonies To Acts Of Copulation – To The Last Moments Of Life Itself – Are To Be – Observed And Consumed

~ PACOS-IAA-HS-A-INLWIOW ~ Put A Camera On Something – Introduce An Audience – However Small – And – It’s No Longer What It Once Was

~ TAPDATWPOTTFTSPOHITRHOP ~ There’s A Profound Discomfort About The Whole Process Of Trying To Fit The Square Peg Of Humanity Into The Round Hole Of Product

~ T-MTE-WWTBTS-A-WTT-Y-WCASAPWB-S ~ Today – More Than Ever – We Want To Be The Stars – And – We’re Told That – Yes – We Can And Should And Probably Will Be Stars

~ M-WALTBTOPIISW-‘ATS’-WHPOAR-EAWASTJ-TS-I-E-MC-L-S ~ Meanwhile – We Are Led To Believe That Our Participation Is In Some Way – “Against The System” – We Happily Perceive Ourselves As Rebels – Even As We Actively Seek To Join – The System – In – Ever-More Cyborg-Like – Symbiosis

~ TYLIAEP-GYTPT-IANP-TPYTYSB-AOT-TPYAA ~ Turning Your Life Into An Entertainment Product – Gives You The Power To – Invent A New Person – The Person You Think You Should Be – As Opposed To – The Person You Actually Are

~ PWCTEHAC-EWIFOGIF ~ Peep Will Continue To Engender Horror And Confusion – Even While It Fixes Our Gaze In Fascination

~ ISHBBA-MF-A-MI-HIFAT-I-ICOMA-CAOS ~ I Should Have Been Blogging About – My Failures – And – Most Importantly – How I Felt About Them – Instead – I Concentrated On Maintaining A – Convincing Aura Of Success

~ FTR ~ Faking The Real

~ AMOPCAM ~ All Manifestations Of Peep Culture Are Mediated

~ WWW-NMWWW-WASTSO ~ What We Watch – No Matter What We Watch – We Always Seem To See Ourselves

~ TSMSC-ATVIOHASISTFO-WHASWYCUITG-M/A/F/C? ~ The Secrets Might Stop Coming – Already The Very Idea Of Having A Secret Is Starting To Feel Outmoded – Why Hoard A Secret When You Can Use It To Get Money, Attention, Friendship, Or Community?

~ NAOUWOSR-NAOUWTOUOLTAGMOPG-MAMOUAGCITCPU ~ Not All Of Us Want Our Secrets Revealed – Not All Of Us Want To Offer Up Our Lives To A Global Maelstrom Of Peep Gossip – More And More Of Us Are Getting Caught In The Culture Of Peep Unwillingly

~ WTBMPWSTUOPLASATSFTFPF?-OCTW ~ Will There Be More People Who Seek To Use Other People’s Lives And Secrets As The Source For Their For-Profit Feed? – Of Course There Will

~ SDWVWA-OSACHC ~ Shaming Doesn’t Work Very Well Anymore – Our Societies And Communities Have Changed

~ WASLFRFTT ~ We Are Still Looking For Recognition From The Tribe

~ C-G ~ Cyber-Groom

~ ITAOP-WS-R/S/G-L-M-PAT-WAATCOITEAA ~ In The Age Of Peep – We Spread – Rumor / Shame / Gossip – Like – Margarine – Plentiful And Tasteless – We Apply A Thick Coat Of It To Everything And Anything

~ WS-TWBNP-TAOPITGAOS ~ Without Surveillance – There Would Be No Peep – The Age Of Peep Is The Golden Age Of Surveillance

~ NITNTWABWMPTITW ~ Nowhere Is The Need To Watch And Be Watched More Prevalent Than In The Workplace

~ TMWUTBWITW-TMWLTISTIODL ~ The More We’re Used To Being Watched In The Workplace – The More We’re Likely To Incorporate Similar Techniques Into Our Domestic Lives

~ S-INJ-TCBMROWWO-I-AO-TI-THF-TTW/D/H/D/E-O-TPBAIFOTC ~ Surveillance – Is Never Just – The Cold-Blooded Methodical Record Of What Went On – It’s – Always Open – To Interpretation – To Human Foible – To The Weaknesses / Desires /Hopes / Dreams / Egos – Of – The People Behind And In Front Of The Camera

~ PCLAPAMAC ~ People Care Less About Privacy And More About Connection

~ PIBMAMCTMAA-TMYH-TMPYDTH ~ Privacy Is Becoming More And More Connected To Money And Acquisition – The More You Have – The More Privacy You Deserve To Have

~ OEOPIAAHODAA ~ Our Enclaves Of Private Individualism Are Also Havens Of Depression And Anxiety

~ TIGFOLP-ISTANOGC-AEGA ~ The Information Generated From Our Loyalty Programs – Is Sold To Any Number Of Gigantic Companies – And Even Government Agencies

~ ITEOP-YNKWPSIGTSTONF ~ In The Era Of Peep – You Never Know What Past Silliness Is Going To Stick To Our Name Forever

~ M&M-TWHNICOWEBMP-AUAU-ACTTF ~ More And More – Things We Had No Idea Could Or Would Ever Be Made Public – And Used Against Us – Are Coming To The Fore

~ ESD-WETSEAA-B-VCAI-CE-W-ATST-PTSOP ~ Every Single Day – We’re Encouraged To Share Everything And Anything – By – Various Corporations And Information-Collecting Entities – Who – At The Same Time – Promise To Safeguard Our Privacy

~ U-TALOMTBMOOP-BA-ASOSAA-A-A-ACWWTEDTOIDTCABC ~ Ultimately – There’s A Lot Of Money To Be Made Off Of Privacy – Both As – A Symbol Of Status And Attainment – And – As – A Commodity We’re Willing To Exchange Due To Our Inherent Desire To Connect And Be Connected

~ FP ~ Future Peep

~ FTLHOSY-PC-HRPHIATPTFAS ~ For The Last Hundred Or So Years – Pop Culture – Has Relentlessly Peddled Hyper- Individualism As The Path To Fulfilment And Success

~ TAPOT-WAAJUIOO-PP-SU-A-B? ~ There Are People Out There – Who Are Actually Judging Us On Our – Profile Pages – Status Updates – And – Blogs?

JAMES KWAK ~ ECONOMISM ~ 2017

~ BEATROI ~ Bad Economics And The Rise Of Inequality

~ E-ROTPT-PCAM-BAT-TA-TDIOAE101T-ETTABTDVNHTITRW ~ Economism – Rests On The Premise That – People – Companies – And – Markets – Behave According To – The Abstract – Two-Dimensional Illustrations Of An Economics 101 Textbook – Even Though The Assumptions Behind Those Diagrams Virtually Never Hold True In The Real World

~ EIAILTWPMSOR-BICTAO-‘E’-ECBAPRT ~ Economism Is An Interpretive Lens Through Which People Make Sense Of Reality – Because It Claims The Authority Of – “Economics” – Economism Can Be A Powerful Rhetorical Tool

~ WSEACSMP-ITWTMOJ-TESO-ATITIG-WETFOAATCI ~ While Superficial Economic Arguments Can Serve Multiple Purposes – In Today’s World They Most Often Justify – The Existing Social Order – And The Inequality That It Generates – While Explaining The Futility Of Any Attempt To Change It

~ RARWQTSM-A-ATITST-ITS-EILAI ~ Reducing All Real-World Questions To Simple Models – And – Answering Them In The Same Terms – In This Sense – Economism Is Like An Ideology

~ TCJFGDOW-INLTTSHWDBG-OTTSOTFIRFTPOTS-I-IIN-EC-BIITNOOAESTPTGGTTGN ~ The Common Justification For Great Disparities Of Wealth – Is No Longer That The Social Hierarchy Was Dictated By God – Or That The Survival Of The Fittest Is Required For The Progress Of The Species – Instead – Inequality Is Necessary – Even Celebrated – Because It Is The Natural Outcome Of An Economic System That Provides The Greatest Good To The Greatest Number

~ TAOETPA-AS-RT-RD-IOSOIS ~ The Ability Of Economism To Pass As– Abstract Science – Rather Than – Rhetorical Device – Is One Source Of Its Strength

~ EIAIBOISEAEP-A-C-U-POTW-WCBCQAE-DW-MAUF ~ Economism Is Also Influential Because Of Its Sedative Elegance And Explanatory Power – A – Clean – Uncluttered – Picture Of The World – Which Can Be Communicated Quickly And Easily – Dispensing With – Messy And Uncooperative Facts

~ ASSOAC-BOAUA-HB-WICS ~ A Small Set Of Abstract Concepts – Based On Admittedly Unrealistic Assumptions – Has Become – Widespread In Contemporary Society

~ IALETMAC-ITAWOSADC-TII-ITRWOPAI ~ It’s A Lot Easier To Make A Case – In The Abstract World Of Supply And Demand Curves – Than It Is – In The Real World Of People And Institutions

~ IGPPWTBUTAISOS-WTSTIOTG-O-PIWAFIOTW ~ Ideas Gain Power Precisely When They Become Useful To An Important Segment Of Society – When They Support The Interests Of That Group – Or – Provide It With A Favorable Interpretation Of The World

~ BBTPO-PT-SI-A-WP-CCTBUWEFTPOPTO ~ Befuddled By The Popularity Of – Progressive Taxes – Social Insurance – And – Welfare Programs – Commentators Continue To Blame Unfamiliarity With Economics For The Popularity Of Policies They Oppose

~ M-IC-WDNSIEI-ARATVOE ~ Many – Influential Commentators – Who Do Not Specialize In Economic Issues – Also Routinely Adopt The Vocabulary Of Economism

~ TM-NE-BMIASWOPADSAEI ~ The Media – Normalize Economism – By Making It A Standard Way Of Presenting And Discussing Social And Economic Issues

~ FC-WSGWHBACPQ-ERTQFTPSTTAROT-IWT-CLM-PT-P-I-S ~ For Centuries – Who Should Get What Has Been A Central Political Question – Economism Removes The Question From The Political Sphere To The Abstract Realm Of Theory – In Which The – Competitive Labor Market – Provides The – Perfect – Indisputable – Solution

~ OOTCPOEIT-T-A-V-V-B-AU-YCMTAEUAS-A-DD-TITHTDPFWATMSWOIPTSMDETOE ~ One Of The Core Principles Of Economism Is That – Taxes – Are – Very – Very – Bad – As Usual – You Can Make The Argument Easily Using A Supply-And-Demand Diagram – The Idea That Higher Taxes Discourage People From Working And Therefore Make Society Worse Off Is Probably The Single Most Deeply Entrenched Tenet Of Economism

~ MPABUOTTR-MHBFDABNOSCIROR-B-OPR-SA-‘SWILOAE’ ~ Many People Are Blissfully Unaware Of Their Tax Rates – Most Human Beings’ Financial Decisions Are Based Not On Sophisticated Calculations Involving Rates Of Return – But – On Primitive Rules – Such As – “Save Whatever Is Left Over After Expenses”

~ LTRITAOMTTGHTB-RTCATTPS ~ Lower Tax Revenues Increase The Amount Of Money That The Government Has To Borrow – Reducing The Capital Available To The Private Sector

~ TSMST-LITWISAG-DHUTS-LPKMOTSDNAMTTWM ~ The Simple Model Saying That – Lower Investment Taxes Will Increase Savings And Growth – Doesn’t Hold Up To Scrutiny – Letting People Keep More Of Their Salaries Does Not Always Motivate Them To Work More

~ AGISAMBWWOCAOSTWDNTTPSTLAE-AS-TQOWTAWDOWFWEFOGAHWIFT ~ A Government Is Simply A Mechanism By Which We Organize Certain Aspects Of Society That We Do Not Trust The Private Sector To Look After Effectively – And So – The Question Of Whether Taxes Are Worthwhile Depends On What Functions We Expect From Our Government And How Well It Fulfills Them

~ TGPOAWITSTBOWPBIEP ~ The Greatest Power Of A Worldview Is To Set The Boundaries Of What People Believe Is Even Possible

~ ERM-FTP-HBIACWBIAWOE-IFC ~ Economism’s Rosy Model – Failed To Predict – How Both Individuals And Companies Would Behave In A World Of Ever-Increasing Financial Complexity

~ I2008-WRTLTACMDNMETCFTIMPU-I-P-SBLBPACTMTIGIWTDLDAWR-SOATMS ~ In 2008 – We Relearned The Lesson That A Competitive Market Does Not Magically Ensure That Capital Flows To Its Most Productive Uses – Instead – Profit-Seeking Behavior Leads Both People And Companies To Maximize Their Individual Gains In Ways That Distort Lending Decisions And Waste Resources – Sometimes On A Truly Monumental Scale

~ TMTNCALAMCTE-A-CRASTLTETTBWSTNCI ~ The Megabanks That Nearly Collapsed Are Larger And More Complex Than Ever – And – Capital Requirements Are Still Too Low To Ensure That Those Banks Will Survive The Next Crisis Intact

~ IARWLM-TADCCL ~ In A Real-World Labor Market – Trade Agreements Do Create Clear Losers

~ TGAOEHBT-RAPI-AAL-E-T-U-SN-FFSTW ~ The Great Achievement Of Economism Has Been To – Repackage A Political Ideology – As A Lightweight – Easy-To-Use – Seemingly Neutral – Framework For Seeing The World

~ BCTSO-AT-EDTTIADAA-TWSITWII-IYDA-YMNU-E101 ~ By Claiming The Status Of – Absolute Truth – Economism Denies That There Is Any Debate At All – The World Simply Is The Way It Is – If You Don’t Agree – You Must Not Understand – Economics 101

~ EPAIRIOCPI-PCTOAAA-WPOTTM ~ Economism Plays An Important Role In Our Contemporary Political Institutions – Prioritizing Certain Types Of Analyses And Arguments – While Pushing Others To The Margins

~ FASTBR-CMANE-TMAB-PDPI-TPEF-MP-SC-A-SAESOR ~ For A Society To Become Rich – Competitive Markets Are Not Enough – There Must Also Be – Pluralistic Democratic Political Institutions – That Prevent Elites From – Monopolizing Power – Suppressing Competitors – And – Seizing An Excessive Share Of Resources

~ U-IWTA-NW-TDBWTO ~ Ultimately – It Will Take A – New Worldview – To Do Battle With The Old

JOSEPH STIGLITZ ~ THE PRICE OF INEQUALITY ~ 2012

~ SGVFCTC-TWSST-TWACUT-IMW-T-EAPS-HF-A-T-BWFU ~ Specific Grievances Varied From Country To Country – There Were Some Shared Themes – There Was A Common Understanding That – In Many Ways – The – Economic And Political System – Had Failed – And – That – Both Were Fundamentally Unfair

~ TGBWOEAPSASTD-WWWTTDD-AWTAC-BTLTBI ~ The Gap Between What Our Economic And Political Systems Are Supposed To Do – What We Were Told They Did Do – And What They Actually Do – Became Too Large To Be Ignored

~ TBHTB-T-WGA-WHBTATEED-ACLATSSTTWNAA-TBHITBTW ~ The Bankers Had Taken Bets – That – Without Government Assistance – Would Have Brought Them And The Entire Economy Down – A Closer Look At The System Showed That This Was Not An Accident – The Bankers Had Incentives To Behave This Way

~ TMOINE ~ The Market Obviously Is Not Efficient

~ U-TIOTMTGJFSMC-ITWFOTM-TGSOI-AAMCOI ~ Unemployment – The Inability Of The Market To Generate Jobs For So Many Citizens – Is The Worst Failure Of The Market – The Greatest Source Of Inefficiency – And A Major Cause Of Inequality

~ WHEHAHP ~ We Have Empty Homes And Homeless People

~ WAPAHPFO-I-AESTISSALE-WLG-A-ADTHBPIP ~ We Are Paying A High Price For Our – Inequality – An Economic System That Is Less Stable And Less Efficient – With Less Growth – And – A Democracy That Has Been Put Into Peril

~ TPOMIE-B-THNIMC ~ The Power Of Markets Is Enormous – But – They Have No Inherent Moral Character

~ ATB-MHPACRITSIIPASOLITPTHY-BGHAPAMRITA-AFTF-MATFTA ~ At Their Best – Markets Have Played A Central Role In The Stunning Increases In Productivity And Standards Of Living In The Past Two Hundred Years – But Government Has Also Played A Major Role In These Advances – A Fact That Free-Market Advocates Typically Fail To Acknowledge

~ OTOH-MCACW-PECOTS-A-AWAC ~ On The Other Hand – Markets Can Also Concentrate Wealth – Pass Environmental Costs On To Society – And – Abuse Workers And Consumers

~ TFIPAEAR-ATREO-PHSTM-ASIIWT-ATT-ATEOTR ~ The Failures In Politics And Economics Are Related – And They Reinforce Each Other – Politics Have Shaped The Market – And Shaped It In Ways That – Advantage The Top – At The Expense Of The Rest

~ UMDNWW-AWHS ~ Unfettered Markets Do Not Work Well – As We Have Seen

~ TLOI-A-TAOO-INI-NIIRRSTPOIMF ~ The Level Of Inequality – And – The Absence Of Opportunity – Is Not Inevitable – Nor Is Its Recent Rise Simply The Product Of Inexorable Market Forces

~ IA-ATAM-ATTCTGMMTTTWBE-PBIWLTMG-TIAIC-T-DE-IHALP-AHLBD-HIHNLTMG ~ Inequality’s Apologists – And They Are Many – Argue To The Contrary That Giving More Money To The Top Will Benefit Everyone – Partly Because It Would Led To More Growth – This Is An Idea Called – Trickle-Down Economics – It Has A Long Pedigree – And Has Long Been Discredited – Higher Inequality Has Not Led To More Growth

~ SDIIFTBIP-TETERTTSAA-‘PT’ ~ So Difficult Is It For Those Born Into Poverty To Escape – That Economists Refer To The Situation As A – “Poverty Trap”

~ MOIIDFCCAOI ~ Measures Of Income Inequality Don’t Fully Capture Critical Aspects Of Inequality

~ MOTITETIARO-GP-BWTGDAWIDND-IITROPFAMAOEO ~ Much Of The Inequality That Exists Today Is A Result Of – Government Policy – Both What The Government Does And What It Does Not Do – Inequality Is The Result Of Political Forces As Much As Of Economic Ones

~ TMTMA-TMCTALTB-WGI-CMCEAD ~ The More Transparent Markets Are – The More Competitive They Are Likely To Be – Without Good Information – Capital Markets Can’t Exercise Any Discipline

~ T-WAS-CWI;IC-T-T-‘R’-O-L/NR-WMTD ~ Taxing – Work And Savings – Can Weaken Incentives; In Contrast – Taxing – The – “Rents” – On – Land / Natural Resources – Won’t Make Them Disappear

~ TSWTASMIGTGTGYO ~ The Simplest Way To A Sustainable Monopoly Is Getting The Government To Give You One

~ IOTTWIAFG-IQATBATWTROTG-A-IEW-IYCCYOR ~ It’s One Thing To Win In A Fair Game – It’s Quite Another To Be Able To Write The Rules Of The Game – And – It’s Even Worse – If You Can Choose Your Own Referees

~ ‘RC’-TOTRC-CFARTTSTTASTR-STSW-GWRITP-GC ~ “Regulatory Capture” – Those On The Regulatory Commissions – Come From And Return To The Sector That They Are Supposed To Regulate – Serve The Sector Well – Get Well Rewarded In Their Post-Government Career

~ ITGGYTRT-E-R-F-F-IDTAGTMAF ~ If The Government Grants You The Right To – Extract – Resources – For – Free – It Doesn’t Take A Genius To Make A Fortune

~ OESRP-NMHTM-AIA-M-CE-INSTSMSPTTS ~ Our Economic System Rewards Profits – No Matter How They’re Made – And In A – Money-Centric Economy – It’s Not Surprising To See Moral Scruples Put To The Side

~ TMDOAIS-IC ~ The Major Determinant Of An Individual’s Success – Initial Conditions

~ LIR-LR-A-ADADFS-CTTROTE-FAM ~ Low Interest Rates – Lax Regulations – And – A Distorted And Dysfunctional Financial Sector – Came To The Rescue Of The Economy – For A Moment

~ R-ATROTG-TEC-TPA-TPTTCPT ~ Regulations – Are The Rules Of The Game – To Ensure Competition – To Prevent Abuses – To Protect Those That Cannot Protect Themselves

~ MOTIIOE:TROR-S ~ Much Of The Inequality In Our Economy: The Result Of Rent-Seeking

~ TFSIST-STROTE-NTOWA ~ The Financial Sector Is Supposed To – Serve The Rest Of The Economy – Not The Other Way Around

~ MOT-‘FI’-WDT-CR-AALL-REP ~ Many Of These – “Financial Innovations” – Were Designed To – Circumvent Regulations – And Actually Lowered Long-Run Economic Performance

~ TCBDAWACC ~ There Can Be Destructive As Well As Constructive Competition

~ IF-ATPOF-IP ~ Increasing Fairness – And The Perception Of Fairness – Increases Productivity

~ TSTOEAPSIU-UT-WIEFTFOOS ~ The Sense That Our Economic And Political System Is Unfair – Undermines Trust – Which Is Essential For The Functioning Of Our Society

~ G-ITFITWWAT-C-TSTNP ~ Government – Is The Formal Institution Through Which We Act Together – Collectively – To Solve The Nation’s Problems

~ CATAIIESOS ~ Cooperation And Trust Are Important In Every Sphere Of Society

~ WOU-TROT-IMOEW-O-TIOTSC-TBUT ~ We Often Underestimate – The Role Of Trust – In Making Our Economy Work – Or – The Importance Of The Social Contract – That Binds Us Together

~ SC-ITGTHST ~ Social Capital – Is The Glue That Holds Societies Together

~ OCSH-D-NS-D-A-FAUG ~ One Cannot Simultaneously Have – Democracy – National Self-Determination – And – Full And Unfettered Globalization

~ N-ITHOTP-HSM-GSM-TSF-WWSR-WAAIR ~ Never – In The History Of The Planet – Had So Many – Given So Much – To So Few – Who Were So Rich – Without Asking Anything In Return

~ MH-BBHRAPLTERTBB ~ Moral Hazard – Bank Bailouts Had Repeatedly And Predictably Led To Excessive Risk Taking By Banks

~ RBBHIHCOT ~ Repeated Bank Bailouts Have Imposed High Costs On Taxpayers

~ ATW-TEO-FP-AL ~ Around The World – The Examples Of – Failed Privatizations – Are Legion

~ MOCWIHWTTC ~ Much Of Corporate Welfare Is Hidden Within The Tax Code

~ MCWITISD-ICGOTUOTR-WTBTL ~ Markets Can’t Work If There Isn’t Some Discipline – If Companies Get Only The Upside Of The Risks – With Taxpayer Bearing The Losses

~ WTWIO-DHTBTFCOTA-TWHII-NTIT-A-TTPTAROI ~ When Those Who Injure Others – Don’t Have To Bear The Full Consequences Of Their Actions – They Will Have Inadequate Incentives – Not To Injure Them – And – To Take Precautions To Avoid Risks Of Injury

~ IEPIACBTUD-PCWF ~ If Economic Power In A Country Becomes Too Unevenly Distributed – Political Consequences Will Follow

~ IAD-API-APAIM-ACBIAPI-MHSDOA-OTMSTTINM-ABDAEP ~ In Any Democracy – A Public Institution – And Pretend As It Might – A Central Bank Is A Public Institution – Must Have Some Degree Of Accountability – Oversight To Make Sure That There Is No Malfeasance – A Central Bank’s Decisions Are Essentially Political

~ AWIP ~ Another World Is Possible

~ N-TPOE-TPOEAF ~ Not – The Politics Of Envy – The Politics Of Efficiency And Fairness

MARK MANSON ~ EVERYTHING IS #@%!ED ~ 2019

~ AYMCCIFFALATDIWU ~ Anything Your Mind Can Conceptualize Is Fundamentally Flawed And Limited And Therefore Damaging If Worshipped Unconditionally

~ TAWH-TNHFB-TBB-ITMATN-A-TN-A-TN ~ To Act Without Hope – To Not Hope For Better – To Be Better – In This Moment And The Next – And – The Next – And – The Next

~ H-IMITGWYWOAAG-H-IIGAV-IAOI-H-IT-A-E-NA-M-TSOE ~ Honesty – Is More Important Than Getting What You Want Or Achieving A Goal – Honesty – Is Inherently Good And Valuable – In And Of Itself – Honesty – Is Therefore – An – End – Not A – Means – To Some Other End

~ G-AC ~ Grown-Ass Children

~ AA ~ Aging Adolescents

~ TAPO-G-AC-ITW-A-TAALOAA ~ There Are Plenty Of – Grown-Ass Children – In The World – And – There Are A Lot Of Aging Adolescents

~ TFPSITT-FC-INL-RVL-B-TICVOT-R-A-L-V-TCA-AO-B-TRAL-INLADO-CVC-O-FVE-B-R-O-MVI-O-MVE ~ The Fundamental Political Schism In The Twenty-First Century – Is No Longer – Right Versus Left – But – The Impulsive Childish Values Of The – Right – And – Left – Versus – The Compromising Adolescent-Adults Of – Both – The Right And Left – It’s No Longer A Debate Of – Communism Versus Capitalism – Or – Freedom Versus Equality – But – Rather – Of – Maturity Versus Immaturity – Of – Means Versus Ends

~ OTOH-W-MM-DTIFOI-ASUT-TOAM-H-ESP-ESD-T-HTB-PRTT-A-TCBG ~ On The Other Hand – When – Marketing Messages – Designed To Induce Feelings Of Inadequacy – Are Scaled Up To – Thousands Of Advertising Messages – Hitting – Every Single Person – Every Single Day – There – Have To Be – Psychological Repercussions To That – And – They Can’t Be Good

~ MPTMIIIHLTIBAD ~ Many Of The Most Important Innovations In History Left Their Inventors Broke And Destitute

~ TOTFOF-TOEFOF-IT-S-L-IINTPOCEYWIYL-BR-CWYWGUIYL-TINO-RF-TIT-OF-YWABATC-WYAWTS-WYAWTGU ~ The Only True Form Of Freedom – The Only Ethical Form Of Freedom – Is Through Self-Limitation – It Is Not The Privilege Of Choosing Everything You Want In Your Life – But Rather – Choosing What You Will Give Up In Your Life – This Is Not Only – Real Freedom – This Is The – Only Freedom – You Will Always Be Able To Choose – What You Are Willing To Sacrifice – What You Are Willing To Give Up

~ U-TMMFIYLCFYC-TTILFWYHCTS ~ Ultimately – The Most Meaningful Freedom In Your Life Comes From Your Commitments – The Things In Life For Which You Have Chosen To Sacrifice

~ TT-IAB-FPWSMD-SM-BI-A-FD-TTA-UTMSC ~ Today’s Tyranny – Is Achieved By – Flooding People With So Much Diversion – So Much – Bullshit Information – And – Frivolous Distraction – That They Are – Unable To Make Smart Commitments

~ DRACOSMAC-TLOTFP-TMWII-FF-TLWWBATUTVNTA-A-F-D-S-T-F ~ Democracy Requires A Citizenry Of Strong Maturity And Character – The Lower Our Tolerance For Pain – The More We Indulge In – Fake Freedoms – The Less We Will Be Able To Uphold The Virtues Necessary To Allow – A – Free – Democratic – Society – To – Function

~ DHF-B-J-B-B-B-MC-MR-MH-MD ~ Don’t Hope For – Better – Just – Be – Better – Be – More Compassionate – More Resilient – More Humble – More Disciplined

JOHN RALSTON SAUL ~ THE UNCONSCIOUS CIVILIZATION ~ 1995

~ TGLB ~ The Great Leap Backward

~ OTE-IME-B-HMOICTIAUS? ~ Our Technocratic Elite – It Must Exist – But – How Much Of It Can The Industrious Among Us Support?

~ TTO-SE-WCBTOFTLS-IAITS-TSABAWBTARBCAASOW-BOTI ~ The Reaction Of – Sophisticated Elites – When Confronted By Their Own Failure To Lead Society – Is Almost Invariably The Same – They Set About Building A Wall Between Themselves And Reality By Creating An Artificial Sense Of Well-Being On The Inside

~ NWAEBANA-PCG-TM-AHA-T ~ Now We Are Enthralled By A New All-Powerful Clockmaker God – The Marketplace – And His Archangel – Technology

~ OC-TSWFOO ~ Of Course – The Suffering Will Fall On Others

~ HHBFOMAWWHTSOTOAFTS ~ History Has Been Full Of Men And Women Who Had To Sing One Tune Or Another For Their Supper

~ WDLL? ~ Where’s Does Legitimacy Lie?

~ WLIACSWSPTD ~ We Live In A Corporatist Society With Soft Pretensions To Democracy

~ CTDMASIPATCDOSIIADUTE ~ Clearly The Democratic Mechanisms Are Still In Place And The Citizens Do Occasionally Succeed In Imposing A Direction Upon The Elites

~ CR-NMHNADTP-ITFSTCTTWI ~ Confronting Reality – No Matter How Negative And Depressing The Process – Is The First Step Towards Coming To Terms With It

~ WDNCIHRATBCTRFU ~ What Does Not Change In Human Relationships Are The Basic Choices That Repeatedly Face Us

~ AOOM-DWBCBTROTE ~ An Oversupply Of Managers – Dead Weight Being Carried By The Rest Of The Economy

~ G-ITOOMTMPTLOSDKA-TPG ~ Government – Is The Only Organized Mechanism That Makes Possible That Level Of Shared Disinterest Known As – The Public Good

~ TI-LI-S-TITPCO-I-TOQIWFTSWT ~ The Individual – Lives In – Society – That Is The Primary Characteristic Of – Individualism – The Only Question Is What Form That Society Will Take

~ TPWROGSE ~ The Power We Refuse Ourselves Goes Somewhere Else

~ PBSOBHGTTFIIMTBTGAITOPPFTHPO ~ People Become So Obsessed By Hating Government That They Forget It Is Meant To Be Their Government And Is The Only Powerful Public Force They Have Purchase On

~ TC-IRTTSO-ASATFOTTOTM ~ The Citizen – Is Reduced To The Status Of – A Subject At The Foot Of The Throne Of The Marketplace

~ CCAPL ~ Corporatism Cuts Across Political Lines

~ OTPOLCHBA-TMOCTOTBI ~ Once The Principle Of Legalized Corruption Had Been Accepted – The Methods Of Corruption Turned Out To Be Inexhaustible

~ GCTDSTAAHBHBITLRTTPBTPS-OLAFWTS ~ Governments Continue To Deliver Services That Are And Have Been Historically Better In The Long Run Than Those Provided By The Private Sector – Our Lives Are Filled With These Services

~ SIAWOOQ-R-II-POOIOAAFFSAFAOA-IQBI ~ Sensibly Integrated Along With Our Other Qualities – Reason – Is Invaluable – Put Out On Its Own As A Flagship For Society And For All Of Our Actions – It Quickly Becomes Irrational

~ MO-TRTBP-WTRNOS-IABODA-CCTBTPIIOTWTPG ~ Most Of – The Reforms That Brought Prosperity – Were The Result Not Of Self-Interested Action But Of Disinterested Action – Citizens Committing Themselves Beyond Their Personal Interest In Order To Widen The Public Good

~ TM-DN-L-B-O-E-D-H-PR-IITMEWTCB ~ The Market – Does Not – Lead – Balance – Or – Encourage – Democracy – However – Properly Regulated – It Is The Most Effective Way To Conduct Business

~ ASCSTBRTSUGARTOTRTL ~ A Severe Crisis Seems To Be Required To Shake Up Governments And Remind Them Of Their Responsibility To Lead

~ CTTFI? ~ Can The Technology Free Itself?

~ T-DS-F ~ Technology – Doesn’t Seek – Freedom

~ T-LAOEM-CBEHITRC-ICIAOISSP ~ Trade – Like Any Other Economic Mechanism – Can Be Extremely Helpful In The Right Circumstance – It Cannot In And Of Itself Solve Societal Problems

~ P-TKEOG-HBTFGTSTTBFLCOTMC ~ Perhaps – The Key Effect Of Globalization – Has Been To Force Governments To Shift The Tax Burden From Large Corporations Onto The Middle Class

~ TMDITRAOTI-AS-THWAETGAP ~ The Market Disciples Ignore The Repeated Admonition Of Their Idol – Adam Smith – That High Wages Are Essential To Growth And Prosperity

~ MM-UTFRA-A-PI ~ Money Markets – Unrelated To Financing Real Activity – Are – Pure Inflation

~ TUMM-HNGUOTYO-C-I-GS-A-NRW-B-IIGWNOW? ~ The Unregulated Money Markets – Have Now Given Us Over Twenty Years Of – Crisis – Instability – Gratuitous Speculation – And – No Real Growth – But – Is It Growth We Need Or Want?

~ B-L-WIW-ITTTMIPT-IR ~ But – Language – When It Works – Is The Tool That Makes It Possible To – Invoke Reality

~ TDOBAUI ~ The Danger Of Becoming An Unconscious Ideologue

~ C-AITDAUTLOTIATCIAD ~ Corporatism – An Ideology That Denies And Undermines The Legitimacy Of The Individual As The Citizen In A Democracy

NAOMI KLEIN ~ THE SHOCK DOCTRINE ~ 2007

~ DC-OR-O-TPS-ITWO-CE-CW-TTODAEMO ~ Disaster Capitalism – Orchestrated Raids – On – The Public Sphere – In The Wake Of – Catastrophic Events – Combined With – The Treatment Of Disasters As Exciting Market Opportunities

~ DCC ~ Disaster Capitalism Complex

~ CSI ~ Corporate Supremacist Ideology

~ AP-RA-B-AFVLC-A-ACO-MW-P-WHAE-SLBTTG ~ A Powerful – Ruling Alliance – Between – A Few Very Large Corporations – And – A Class Of – Mostly Wealthy – Politicians – With Hazy And Ever-Shifting Lines Between The Two Groups

~ The Ideologies That Long For That Impossible – Clean Slate – Which Can Be Reached Only Through – Some Kind Of Cataclysm – Are The Dangerous Ones

~ T-TITMO-W-P-TMIG ~ Then – There Is The Matter Of – Where – Precisely – The Money Is Going

~ WID-BC ~ When In Doubt – Blame Corruption

~ TPO-ST-ITOUAWF-EPTBMVQ-N-DTL-B-PBOI-CSL-F-CTC-MOASATLCU ~ The Point Of – Shock Therapy – Is To Open Up A Window For – Enormous Profits To Be Made Very Quickly – Not – Despite The Lawlessness – But – Precisely Because Of It – Constantly Shifting Location – From – Crisis To Crisis – Moving On As Soon As The Law Catches Up

~ BCF-LAO-A-TPHABMO-IRJAWO-LTTEPF ~ But Calling For – Law And Order – After – The Profits Have All Been Moved Offshore – Is Really Just A Way Of – Legalizing The Theft Ex Post Facto

~ T-G-R-O-D-T-D ~ The – Get-Rich-Or-Die-Trying – Dystopia

~ TUSO-‘S’-IT-TVMNCBA-TEU-IS-IB-O-ICSC-TA-TD ~ The Ugly Secret Of – “Stablization” – Is That – The Vast Majority Never Climb Back Aboard – They End Up – In Slums – In Brothels – Or – In Cargo Ship Containers – They Are – The Disinherited

~ TTI-TWRDBGAI ~ Then There Is – The Whirling Revolving Door Between Government And Industry

~ NCR ~ No Conspiracies Required

~ THOSMW-B-ATMOTWP-WNAPP-N-O-WIALO ~ The Hoarding Of So Much Wealth – By – A Tiny Minority Of The World’s Population – Was Not A Peaceful Process – Nor – Often – Was It A Legal One

~ OTMOTSDADACU-WCBHTTBS-MDTC-SR ~ Once The Mechanics Of The Shock Doctrine Are Deeply And Collectively Understood – Whole Communities Become Harder To Take By Surprise – More Difficult To Confuse – Shock Resistant

~ TBWT-R-F-H-TOTB-H-HTRTBPOA-CR ~ The Best Way To – Recover – From – Helplessness – Turns Out To Be – Helping – Having The Right To Be Part Of A – Communal Recovery

ROBERT FRANK ~ THE DARWIN ECONOMY ~ 2011

~ ITI-NRA-TLUAGWTPTL-MT-OBOITTTCOTW-DTMVFOM ~ If There Is – No Realistic Alternative – To Living Under A Government With The Power To Levy – Mandatory Taxes – Our Best Option Is To Try To Create One That Will – Deliver The Most Value For Our Money

~ ATOAA-NOGR-B-A-DTA ~ A Tax On Any Activity – Not Only Generates Revenue – But – Also – Discourages The Activity

~ AA-RD-‘SE’-AT-‘COB’-‘SOC’-A-‘CTWWLOL’-B-IAVC-B-VE-LAR-C-SE ~ Antigovernment Activists – Reliably Denounce – “Social Engineering” – Attempts To – “Control Our Behaviour” – “Steer Our Choices” – And – “Change The Way We Live Our Lives” – But – It’s A Vacuous Compliant – Because – Virtually Every – Law And Regulation – Constitutes – Social Engineering

~ LAHAT-O-SL-SS-TL-SE-I-I-SB-NS-IWOLPTCUHTO ~ Laws Against Homicide And Theft – Noise Ordinances – Speed Limits – Stop Signs – Traffic Lights – Social Engineering – Is – Inescapable – Simply Because – Narrow Self-Interest Would Otherwise Lead People To Cause Unacceptable Harm To Others

~ EDRBTHAIODLTWMRBTUO ~ Every Dollar Raised By Taxing Harmful Activities Is One Dollar Less That We Must Raise By Taxing Useful Ones

~ WGS-OC-SBCWP ~ Wasteful Government Spending – Of Course – Should Be Cut Whenever Possible

~ IETSH-S-WCPITGHNUM-MSNHIACWLIITTAH-AIFWDCATMOTGATH-OPOP ~ It’s Easy To See How – Someone – Whose Core Philosophy Is That Government Has No Useful Mission – Might See No Harm In Appointing Cronies With Little Interest In The Task At Hand – Appointing Incompetent Friends Who Don’t Care About The Mission Of The Government Agencies They Head – Often Plays Out Poorly

~ TSFWT-EPW-ISIII-PW-IAMETET-PW ~ The Search For Ways To – Eliminate Private Waste – Is Still In Its Infancy – Private Waste – Is Actually Much Easier To Eliminate Than – Public Waste

~ TIP-ITTUDA-WRMS-SHO-PPQ-ATEOPRR-SATAPOIFDHASQ ~ The Important Point – Is That The Ultimate Decision About – Whether Regulation Makes Sense – Should Hinge On – Purely Practical Questions – About The Efficacy Of Proposed Regulatory Remedies – Slogans About The Absolute Primacy Of Individual Freedom Don’t Help Answer Such Questions

~ ICBAI? ~ Is Cost Benefit Analysis Immoral?

~ DAGR-EBCAB-ITE-QRWSRTDAQPO-WRSWD? ~ Defending Any Given Right – Entails Both Costs And Benefits – In The End – Questions Regarding Which Specific Rights To Defend Are Quintessentially Practical Ones – Which Rights Should We Defend?

~ DAGRCBFTWVI-B-IAGC-NJFTTWETR-BA-FTWBIRBI ~ Defending Any Given Right Creates Benefits For Those Who Value It – But – It Also Generates Costs – Not Just For Those Tasked With Enforcing The Right – But Also – For Those Whose Behavior Is Restricted By It

~ TITMTWPWPFBT ~ The Infrastructure That Made Their Wealth Possible Was Paid For By Taxes

~ TOAT-SE-I-CA ~ The Only Alternative To – Social Engineering – Is – Complete Anarchy

~ AT-RMF-HBAC-IOI-FO-HSFTB-U-MOTAHBCBMPABEOTPS-APWBML-I-WCA-I-FV-A-TRBSAM ~ Attempts To – Remedy Market Failure – Have Been A Central – If Often Implicit – Focus Of – Human Societies From The Beginning – Unfortunately – Many Of Those Attempts Have Been Compromised By Misguided Perceptions At Both Ends Of The Political Spectrum – Additional Progress Will Be More Likely – If – We Can Abandon – Ill-Founded Views – About – The Relationship Between Success And Merit

~ IWTOBTAATSUPCSTRBTU-IAINTRA ~ If We Think Of Being Taxed As Akin To Some Unknown Person Confiscating Something That Rightfully Belongs To Us – It’s Almost Impossible Not To React Angrily

~ IPTTOTROGLITOS-TATTOTROBLIOF ~ If People Tend To Overlook The Role Of Good Luck In Their Own Success – They Also Tend To Overlook The Role Of Bad Luck In Others’ Failures

~ TPFITTWJL ~ The Plan Fact Is That They Were Just Lucky

~ TPFPTPHANRTKTFBTTAECITLM-GTETWIROPIFBT-TPHNMMS ~ The Prevailing Framework Presumes That People Have A Natural Right To Keep The Full Bounty Their Talents And Efforts Command In The Labor Market – Given The Extent To Which Incomes Rest On Public Investment Financed By Taxes – That Presumption Has Never Made Much Sense

~ WHNPRTBT-HTOTEWIEG-TCIOR-A-SQ ~ We Have No Persuasive Reasons To Believe That – Higher Taxes On Top Earners Would Inhibit Economic Growth – This Claim Is Often Repeated – And – Seldom Questioned

~ IWC-TTR-TNHORTRWN-B-TGN-IT-CTCBLOTEWHTIIAW ~ If We Can’t – Tax The Rich – There’s No Hope Of Raising The Revenue We’ll Need – But – The Good News – Is That – Certain Taxes Can Be Levied On Top Earners Without Harming Their Interest In Any Way

~ TOHACTBKA-PT ~ Taxes On Harmful Activities Came To Be Known As – Pigouvian Taxes

~ TPOAPTGHSESRTC ~ The Price Of Any Product That Generates Harmful Side Effects Should Reflect Their Cost

~ MPSDHV ~ Many Public Services Deliver High Value

~ TPSOO-PP-IRDHB-ACOS-T-CMTTNOTACWF ~ The Primary Source Of Our – Political Paralysis – In Recent Decades Has Been – A Collection Of Slogans – That – Completely Misrepresent The True Nature Of The Actual Choices We Face

~ PA-WABC-U-APSFATCHTO-A-RE ~ Personal Autonomy – Will Always Be Compromised – Unless – All Problems Stemming From Activities That Cause Harm To Others – Are – Resolved Efficiently

~ T-BL-ITI-SR-DMT-TEP-ALAP-TSAOTE-TPAOEC ~ The – Bottom Line – Is That If – Society’s Rules – Don’t Make The – Total Economic Pie – As Large As Possible – They Squander An Opportunity To Enhance – The Personal Autonomy Of Every Citizen

~ B-GG-DJH-IMBNC-STB-R-SHHUFTKOSMOUWTLI ~ But – Good Government – Doesn’t Just Happen – It Must Be Nurtured Carefully – Starve The Beast – Rhetoric – Surely Hasn’t Helped Us Forge The Kind Of Society Most Of Us Want To Live In

~ ANOW-AGTTTREB-ATEGWFOO-BTCRH-TOCEAOTO-IWTTDTBWTLTP ~ Almost No One Wants – A Government That Tries To Regulate Every Behavior – A Truly Effective Government Would Focus Only On – Behaviors That Cause Real Harm – That Others Cannot Easily Avoid On Their Own – It Would Try To Discourage Those Behaviors With The Lightest Touch Possible

JAMES KWAK ~ ECONOMISM ~ 2017

~ BEATROI ~ Bad Economics And The Rise Of Inequality

~ E-ROTPT-PCAM-BAT-TA-TDIOAE101T-ETTABTDVNHTITRW ~ Economism – Rests On The Premise That – People – Companies – And – Markets – Behave According To – The Abstract – Two-Dimensional Illustrations Of An Economics 101 Textbook – Even Though The Assumptions Behind Those Diagrams Virtually Never Hold True In The Real World

~ EIAILTWPMSOR-BICTAO-‘E’-ECBAPRT ~ Economism Is An Interpretive Lens Through Which People Make Sense Of Reality – Because It Claims The Authority Of – “Economics” – Economism Can Be A Powerful Rhetorical Tool

~ WSEACSMP-ITWTMOJ-TESO-ATITIG-WETFOAATCI ~ While Superficial Economic Arguments Can Serve Multiple Purposes – In Today’s World They Most Often Justify – The Existing Social Order – And The Inequality That It Generates – While Explaining The Futility Of Any Attempt To Change It

~ RARWQTSM-A-ATITST-ITS-EILAI ~ Reducing All Real-World Questions To Simple Models – And – Answering Them In The Same Terms – In This Sense – Economism Is Like An Ideology

~ TCJFGDOW-INLTTSHWDBG-OTTSOTFIRFTPOTS-I-IIN-EC-BIITNOOAESTPTGGTTGN ~ The Common Justification For Great Disparities Of Wealth – Is No Longer That The Social Hierarchy Was Dictated By God – Or That The Survival Of The Fittest Is Required For The Progress Of The Species – Instead – Inequality Is Necessary – Even Celebrated – Because It Is The Natural Outcome Of An Economic System That Provides The Greatest Good To The Greatest Number

~ TAOETPA-AS-RT-RD-IOSOIS ~ The Ability Of Economism To Pass As – Abstract Science – Rather Than – Rhetorical Device – Is One Source Of Its Strength

~ EIAIBOISEAEP-A-C-U-POTW-WCBCQAE-DW-MAUF ~ Economism Is Also Influential Because Of Its Sedative Elegance And Explanatory Power – A – Clean – Uncluttered – Picture Of The World – Which Can Be Communicated Quickly And Easily – Dispensing With – Messy And Uncooperative Facts

~ ASSOAC-BOAUA-HB-WICS ~ A Small Set Of Abstract Concepts – Based On Admittedly Unrealistic Assumptions – Has Become – Widespread In Contemporary Society

~ IALETMAC-ITAWOSADC-TII-ITRWOPAI ~ It’s A Lot Easier To Make A Case – In The Abstract World Of Supply And Demand Curves – Than It Is – In The Real World Of People And Institutions

~ IGPPWTBUTAISOS-WTSTIOTG-O-PIWAFIOTW ~ Ideas Gain Power Precisely When They Become Useful To An Important Segment Of Society – When They Support The Interests Of That Group – Or – Provide It With A Favorable Interpretation Of The World

~ BBTPO-PT-SI-A-WP-CCTBUWEFTPOPTO ~ Befuddled By The Popularity Of – Progressive Taxes – Social Insurance – And – Welfare Programs – Commentators Continue To Blame Unfamiliarity With Economics For The Popularity Of Policies They Oppose

~ M-IC-WDNSIEI-ARATVOE ~ Many – Influential Commentators – Who Do Not Specialize In Economic Issues – Also Routinely Adopt The Vocabulary Of Economism

~ TM-NE-BMIASWOPADSAEI ~ The Media – Normalize Economism – By Making It A Standard Way Of Presenting And Discussing Social And Economic Issues

~ FC-WSGWHBACPQ-ERTQFTPSTTAROT-IWT-CLM-PT-P-I-S ~ For Centuries – Who Should Get What Has Been A Central Political Question – Economism Removes The Question From The Political Sphere To The Abstract Realm Of Theory – In Which The – Competitive Labor Market – Provides The – Perfect – Indisputable – Solution

~ OOTCPOEIT-T-A-V-V-B-AU-YCMTAEUAS-A-DD-TITHTDPFWATMSWOIPTSMDETOE ~ One Of The Core Principles Of Economism Is That – Taxes – Are – Very – Very – Bad – As Usual – You Can Make The Argument Easily Using A Supply-And-Demand Diagram – The Idea That Higher Taxes Discourage People From Working And Therefore Make Society Worse Off Is Probably The Single Most Deeply Entrenched Tenet Of Economism

~ MPABUOTTR-MHBFDABNOSCIROR-B-OPR-SA-‘SWILOAE’ ~ Many People Are Blissfully Unaware Of Their Tax Rates – Most Human Beings’ Financial Decisions Are Based Not On Sophisticated Calculations Involving Rates Of Return – But – On Primitive Rules – Such As – “Save Whatever Is Left Over After Expenses”

~ LTRITAOMTTGHTB-RTCATTPS ~ Lower Tax Revenues Increase The Amount Of Money That The Government Has To Borrow – Reducing The Capital Available To The Private Sector

~ TSMST-LITWISAG-DHUTS-LPKMOTSDNAMTTWM ~ The Simple Model Saying That – Lower Investment Taxes Will Increase Savings And Growth – Doesn’t Hold Up To Scrutiny – Letting People Keep More Of Their Salaries Does Not Always Motivate Them To Work More

~ AGISAMBWWOCAOSTWDNTTPSTLAE-AS-TQOWTAWDOWFWEFOGAHWIFT ~ A Government Is Simply A Mechanism By Which We Organize Certain Aspects Of Society That We Do Not Trust The Private Sector To Look After Effectively – And So – The Question Of Whether Taxes Are Worthwhile Depends On What Functions We Expect From Our Government And How Well It Fulfills Them

~ TGPOAWITSTBOWPBIEP ~ The Greatest Power Of A Worldview Is To Set The Boundaries Of What People Believe Is Even Possible

~ ERM-FTP-HBIACWBIAWOE-IFC ~ Economism’s Rosy Model – Failed To Predict – How Both Individuals And Companies Would Behave In A World Of Ever-Increasing Financial Complexity

~ I2008-WRTLTACMDNMETCFTIMPU-I-P-SBLBPACTMTIGIWTDLDAWR-SOATMS ~ In 2008 – We Relearned The Lesson That A Competitive Market Does Not Magically Ensure That Capital Flows To Its Most Productive Uses – Instead – Profit-Seeking Behavior Leads Both People And Companies To Maximize Their Individual Gains In Ways That Distort Lending Decisions And Waste Resources – Sometimes On A Truly Monumental Scale

~ TMTNCALAMCTE-A-CRASTLTETTBWSTNCI ~ The Megabanks That Nearly Collapsed Are Larger And More Complex Than Ever – And – Capital Requirements Are Still Too Low To Ensure That Those Banks Will Survive The Next Crisis Intact

~ IARWLM-TADCCL ~ In A Real-World Labor Market – Trade Agreements Do Create Clear Losers

~ TGAOEHBT-RAPI-AAL-E-T-U-SN-FFSTW ~ The Great Achievement Of Economism Has Been To – Repackage A Political Ideology – As A Lightweight – Easy-To-Use – Seemingly Neutral – Framework For Seeing The World

~ BCTSO-AT-EDTTIADAA-TWSITWII-IYDA-YMNU-E101 ~ By Claiming The Status Of – Absolute Truth – Economism Denies That There Is Any Debate At All – The World Simply Is The Way It Is – If You Don’t Agree – You Must Not Understand – Economics 101

~ EPAIRIOCPI-PCTOAAA-WPOTTM ~ Economism Plays An Important Role In Our Contemporary Political Institutions – Prioritizing Certain Types Of Analyses And Arguments – While Pushing Others To The Margins

~ FASTBR-CMANE-TMAB-PDPI-TPEF-MP-SC-A-SAESOR ~ For A Society To Become Rich – Competitive Markets Are Not Enough – There Must Also Be – Pluralistic Democratic Political Institutions – That Prevent Elites From – Monopolizing Power – Suppressing Competitors – And – Seizing An Excessive Share Of Resources

~ U-IWTA-NW-TDBWTO ~ Ultimately – It Will Take A – New Worldview – To Do Battle With The Old

JARON LANIER ~ YOU ARE NOT A GADGET ~ 2010

~ LOFCC ~ Lords Of The Computing Clouds

~ FANP ~ Fragments Are Not People

~ TMITAATIHICP ~ The Most Important Thing About A Technology Is How It Changes People

~ PIIT ~ Politics Influences Information Technology

~ ESP-B-ITU ~ Entrenched Software Philosophies – Become – Invisible Through Ubiquity

~ TCSBLTTL ~ Technology Criticism Should Be Left To The Luddites

~ NE ~ Network Effect

~ CT ~ Cybernetic Totalists

~ DM ~ Digital Maoists

~ MOMFDWM ~ Many Of My Friends Disagree With Me

~ WDYDWTTACTTL? ~ What Do You Do When The Techies Are Crazier Than The Luddites?

~ LOD ~ Levels Of Description

~ OI ~ Oracle Illusion

~ RTBTMM ~ Race To Be The Most Meta

~ ATPLOA ~ Aggregate The Previous Layers Of Aggregation

~ TIOHLM ~ The Illusion Of High-Level Metaness

~ IDDTBF ~ Information Doesn’t Deserve To Be Free

~ WIOHARAIIN? ~ What If Only Humans Are Real And Information Is Not?

~ IIAE ~ Information Is Alienated Experience

~ EITOPTCDI ~ Experience Is The Only Process That Can De-Alienate Information

~ IOTKTP-WTBF-INBASOOOM-A-WNOIO-IWNSIIDGWIW ~ Information Of The Kind That Purportedly – Wants To Be Free – Is Nothing But A Shadow Of Our Own Minds – And – Wants Nothing On Its Own – It Will Not Suffer If It Doesn’t Get What It Wants

~ MICOBKIARS-ITEOAHB ~ Machine Intelligence Can Only Be Known In A Relative Sense – In The Eyes Of A Human Beholder

~ PDTIOTMMSS-ATT ~ People Degrade Themselves In Order To Make Machines Seem Smart – All The Time

~ COE-WYCTCOYC-YCYCOY ~ Circle Of Empathy – When You Change The Contents Of Your Circle – You Change Your Conception Of Yourself

~ ITD ~ Infelicitous Technological Designs

~ OMRTTCOSNANTMOTN-TRCITAOTF-B-TCHYTAIASW ~ One Must Remember That The Customers Of Social Networks Are Not The Members Of Those Networks – The Real Customer Is The Advertiser Of The Future – But – This Creature Has Yet To Appear In Any Significant Way

~ TNDDI ~ The Net Doesn’t Design Itself

~ AFPP ~ Anonymous Fragmentary Pseudo-People

T-INASO-II-B-TSQOTOW ~ Trolling – Is Not A String Of – Isolated Incidents – But – The Status Quo In The Online World

~ IOV ~ Ideology Of Violation

~ TROTCAPTR ~ The Rules Of The Cloud Apply Poorly To Reality

~ MEPITC ~ Meta Equals Power In The Cloud

~ MNTIITDAG ~ Morality Needs Technology If It’s To Do Any Good

~ PWFOAOTFAKOAOSLATCTCUWWTILSFEAO ~ People Will Focus On Activities Other Than Fighting And Killing One Another Only So Long As Technologists Continue To Come Up With Ways To Improve Living Standards For Everyone At Once

~ TDOE ~ The Devaluation Of Everything

~ U&U ~ Unobtrusive And Useful

~ IYWTK-WRGO-IA-SOI-FTM ~ If You Want To Know – What’s Really Going On – In A – Society Or Ideology – Follow The Money

~ RTTFOS-P ~ Reciprocity Takes The Form Of Self-Promotion

~ CITBPNBA ~ Culture Is To Become Precisely Nothing But Advertising

~ IMIFT-A-IO-M-J-A-A-TASIMCWMTTOB ~ If Money Is Flowing To – Advertising – Instead Of – Musicians – Journalists – And – Artists – Then A Society Is More Concerned With Manipulation Than Truth Or Beauty

~ ICIW-TPWSTB-EAC ~ If Content Is Worthless – Then People Will Start To Become – Emptyheaded And Contentless

~ PALOTC ~ Peasants And Lords Of The Clouds

~ AWBTDUFPOM-IIFP-WHAP ~ Are We Building The Digital Utopia For People Or Machines – If It’s For People – We Have A Problem

~ MAAGOTWPM-SNHWETWBTB ~ Maybe After A Generation Or Two Without Professional Musicians – Some New Habitat Will Emerge That Will Bring Them Back

~ TF-ACRTBBHA-EC-B-T-F-A-ER-AAR-TIOEIT-AOI-HB-THD ~ Thus Far – All Computer-Related Technologies Built By Humans Are – Endlessly Confusing – Buggy – Tangled – Fussy – And – Error-Ridden – As A Result – The Icon Of Employment In The – Age Of Information – Has Been – The Help Desk

~ POTHD ~ Planet Of The Help Desks

~ CEC ~ Computationally Enhanced Corruption

~ CHMIEFCTPETTTTANAOTOS ~ Computers Have Made It Easier For Criminals To Pretend Even To Themselves That They Are Not Aware Of Their Own Schemes

~ TWOFCTTPI2008WSCB ~ The Wave Of Financial Calamities That Took Place In 2008 Were Significantly Cloud Based

~ NOITP-DEHTMVCTLTHOHITWWRAATN ~ No One In The Pre-Digital Era Had The Mental Capacity To Lie To Him- Or Herself In The Way We Routinely Are Able To Now

~ WOTCTCTC?-ALF ~ Who Owns The Cloud That Connects The Crowd? – A Lucky Few

~ EHAISABI-UTAAIP ~ Entitlement Has Achieved Its – Singularity – And – Become Infinite – Unless The Algorithm Actually Isn’t Perfect

~ TGUSOTNI ~ The Grand Unified Scam Of The New Ideology

~ ASCIWBHVIOBF-AEWGPFTB ~ A Social Contract In Which Bits Have Value Instead Of Being Free – And Everyone Would Get Paid For Their Bits

~ WADOIS-MWB ~ Without A Degree Of Imposed Scarcity – Money Would Be Valueless

~ AVITAOTLT ~ A Volunteer In The Army Of The Long Tail

~ TWPOTOWARHS ~ The Wrong People Often Take Over When A Revolution Happens Suddenly

~ ETMELMATFCHT-FTCTATG ~ Even The Most Extreme Libertarian Must Admit That – Fluid Commerce Has To Flow Through Channels That Amount To Government

~ WMSOH-A-EOR-IOTBB ~ We Must See Ourselves Honestly – And – Engage Ourselves Realistically In Order To Become Better

~ E-IA-HTB-M-ASORWCC-W-RTWCC ~ Economics – Is About – How To Best – Mix – A Set Of Rules We Cannot Change – With – Rules That We Can Change

~ TUTOF ~ The Unbearable Thinness Of Flatness

~ OCIFOTWAIWBTWWB ~ Online Culture Is Fixated On The World As It Was Before The Web Was Born

~ TOAHBATC-L-PC-IHBSGAC-NO ~ The Open Approach Has Been Able To Create – Lovely – Polished Copies – It Hasn’t Been So Good At Creating – Notable Originals

~ WITNM?-EI-R/R/R ~ Where Is The New Music? – Everything Is – Retro / Retro / Retro

~ WMS-R-IS-IIITRITC ~ What Makes Something – Real – Is That – It Is Impossible To Represent It To Completion

~ ESAP ~ Encapsulation Serves A Purpose

~ BFSL-FLS ~ Been Fast So Long – Feels Like Slow

~ SJ ~ Silicon Juvenilia

~ DC:WAWOJ ~ Digital Culture: Wave After Wave Of Juvenilia

~ PC ~ Postsymbolic Communication