Tag Archives | Capitalism

Is Sowing Artificial Scarcity The Future Of Business?

Via the The New Inquiry, Peter Frase on where we’re headed:

Where we see scarcity, much of it appears to be imposed by choice. In particular, the increasing weight of intellectual property law heralds a world where the prime objective of business is to make things scarce enough that people will still need to buy them.

Unexpected scarcity long characterized agricultural societies—drought, pestilence, fire, and other natural calamities could bring about famine at any moment. But today’s farmers, who have learned to overcome many of these challenges, now face the prospect of a legal, rather than natural disaster. In a case that will soon appear before the Supreme Court, a 74-year-old farmer named Vernon Bowman was ordered to pay $84,000 in damages for infringing on the patents of agribusiness giant Monsanto. His crime was to plant a seed—a patented “Roundup Ready” seed, whose license agreement prohibits using it to produce new ones.

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Even Strippers Have Infomercials

Are you a stripper? Opera singer turned exotic dancer (Jesus, I think that’s the most depressing sentence I’ve ever written) Jennifer McCumber is ready to tell you how to lapdance your way to financial freedom. Just watch this low-quality, high-pressure infommercial to learn more.

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How Consumer Brainwashed Are You? The Game

Via Salon, Andrew Leonard on a smash-success smartphone game which tests and hones one’s recognition of corporate symbols:

I was a little taken aback last Sunday when I saw my 15-year-old son playing Logos Quiz, a game that is based on the ability to identify corporate logos, [and which] rocketed to the top of the most popular free download apps lists this spring. Imagine a brand being able to compare recognition rates of their logo by age, by zip code or by “likes.” Imagine a brand being able to insert alternate versions of their logo to test. We’re all test subjects for the future of advertising, all the time. Logos Quiz just makes it explicit.

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Want Less Inequality? Tax It

Wikimedia Commons (CC)

British economist Arthur C. Pigou, friend and contemporary of beloved John Maynard Keynes, eventually not only came around to the Keynesian logic, but also expanded on the common-sense philosophy to promote social balance and checks with the gentle, invisible hand of the Public. By incentivizing what benefits the downtrodden (perhaps with subsidies) and disincentivizing poor practices (by taxing rampant, unregulated profits), a more reasonable parity between the classes could be reached, stimulating economic growth and benefiting everyone.

This doesn’t have to be a ‘redistributive’ scheme that pits neoconservatives against progressives. Indeed, such a rational, gradated, and bracketed system makes sense to anyone who believes in the American traditions of pragmatism, equality, openness, innovation and opportunity.

Via the American Prospect by Liam C. Malloy and John Case

But the conventional strategy for fighting inequality—far higher taxes on the rich—usually rests on a foundation of fairness, and the question of what’s fair and what’s unfair turns out to cut different ways, depending on your point of view.

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A Call For Denaturalizing The Corporation

Via Policy Shop, Anthony Kammer says that if we want to take back control from corporations, we need to begin by altering how we think of them:

Given how much time we spend working for and interacting with corporations every day, it’s unsurprising that we tend to see them as a natural part of our social fabric. But corporations, of course, are not naturally occurring entities. They are the product of state laws, and they have been reshaped regularly throughout American history by courts and legislatures in order to respond to changing societal needs.

As recently as 1990, a majority of the Supreme Court explicitly acknowledged that corporations received serious economic advantages from the State and could therefore be regulated to prevent those state-conferred advantages from disrupting the political process:

State law grants corporations special advantages — such as limited liability, perpetual life, and favorable treatment of the accumulation and distribution of assets.

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A Mother’s Story: Her Child’s Health Threatened By Tax Breaks For The Greedy

Natalie Solidarity writes at Diatribe Media:

“If she doesn’t have her immunization, she can’t attend school,” my daughter’s school administrator explained.

I thanked her and hung up the phone. I touched my beautiful daughter’s hair as she looked up from her Junie B. Jones book and smiled at me. I wondered what I was going to do. I was looking for work, living on my savings from my former position as a university graduate teaching aide. When I graduated, my job was no longer available. My department was gasping for air because enrollment was suffering, students couldn’t afford to attend school, classes were shrinking and being condensed. Where once there were five courses offered at different times throughout the week, there was now two, and one of those classes was taught by tenured or tenure-track professors. My little girl, Ella and I existed by spending most of our money on food, playing in public spaces, and walking almost everywhere.

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In Praise of Anarchy

Part II (Part I can be found here) from Club Orlov. Raises some very salient points about the ecological nature of Anarchism.

When confronted with an increasingly despotic régime, the good people of almost any nation will cower in their homes and, once they are flushed out, will allow themselves to be herded like domesticated animals. They will gladly take orders from whoever gives them, because their worst fear is not despotism—it is anarchy. Anarchy! Are you afraid of anarchy? Or are you more afraid of hierarchy? Color me strange, but I am much more afraid of being subjected to a chain of command than of anarchy (which is a lack of hierarchy).

Mind you, this is not an irrational fear, but comes from a lifetime of studying nature, human as well as the regular kind, and of working within hierarchically organized organizations as well as some anarchically organized ones.

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