Sunday, February 26, 2012
Enough Nukes
The U.S. has 1,656 nuclear warheads deployed. Obbama wants to reduce them. In hearings last week, Rep. Thornberry R-Texas objected. For military reasons? No, his district has the Plantex plant that built many of the warheads and still maintains them. It would be cheaper and safer if we sent all the employees a severance check. While the Republicans argue over who hates gays the most, no one talks about the dangers of nuclear warheads.
Thursday, February 9, 2012
Capitalism
Capitalism is commonly described as the system of private ownership (often rarefied as individualistic, though in fact it is corporate and collective). Its primary character is a system wherein selected corporations are given totemic symbols in their accounts (no printing press necessary) enabling them to order people and resources around. The primary creation of these symbols by commercial banks is the essence of capitalism. It requires collective action and legitimation far beyond the individual. This is far from just an assortment of individuals buying cheap and selling high. Markets are only a handmaiden of the essentially collective monetary system—collective, planned and centralized.
The private ownership of capital begs the question of where capital comes from in the first place. No individual Robin Crusoe ever created a unit of credit that can be subsequently traded for labor or iron. The very word capitalism suggests its essence is capital, a collective institution, not individualism. The common dichotomy of capitalism vs. socialism misses the point.
The private ownership of capital begs the question of where capital comes from in the first place. No individual Robin Crusoe ever created a unit of credit that can be subsequently traded for labor or iron. The very word capitalism suggests its essence is capital, a collective institution, not individualism. The common dichotomy of capitalism vs. socialism misses the point.
Tuesday, February 7, 2012
Right to Work (or right to steal)
If there was ever a misleading label, it is “right to work” laws that prohibit employers from automatically with-holding union dues from wages. The law could be called “right to benefit from the efforts of others.” If a union obtains higher wages and better work conditions from employers, all employees benefit whether or not they stood in the picket lines or contributed to union administrative costs. There is no easy guide to public policy here when freedoms conflict. Whose freedom counts is the tough issue.
Super Bowl Blues
The average 30 second ad during the Super Bowl cost $3.5 million. Absurd. They were wasted on me, I did not watch.
Monday, January 30, 2012
Prices
Cadillac Escalade automobile, $77,000
Columbia Grammar School, New York City, 37,000
Manhattan Private School Advisory consultants, 21,500
Harvard tuition, 36,000
Columbia Grammar School, New York City, 37,000
Manhattan Private School Advisory consultants, 21,500
Harvard tuition, 36,000
Saturday, January 28, 2012
Eat More Vegetables
The US Dept of Agriculture has been trying to write new rules to combat obesity in school children by reducing starchy foods and increasing fruits and vegetables in subsidized school lunches. But this ran into a buzz saw of lobbying by potato growers, farm state senators, etc. The proposed rules were changed to accommodate the special interests--including allowing a bit of tomato paste on a pizza to count as a vegie!
Again political campaign contributions corrupt.
Again political campaign contributions corrupt.
The Newt
Why would Gingrich, a thrice married Catholic, become the darling of the Evangelicals in South Caroline? David Reynolds writing in the New York Times suggests that they don't like Romney, not his theology, but because Mormans compete so effectively for converts.
Subscribe to:
Posts (Atom)