Rolling Stone points out that, despite some huge problems with his proposed solutions, Marx was correct about these ill-effects of capitalism.
1. Capitalism’s Chaotic Nature
2. Imaginary Appetites
3. The Globalization of Capitalism
5. The Reserve Army of Industrial Labor
A friend recently told me about Tony Robbins. I had heard the name but didn’t appreciate who he actually was. This extended interview of Robbins by another productivity guru, Tim Ferriss, is well worth your time. I’m only half-way through and much of what Robbins says is resonating with me.
Eric Barker offers some excellent advice on how to stop being busy. I’m really appreciating and implementing many of the ideas he so succinctly presents. This article urges that you stop being busy and start being productive. Here’s the nutshell:
Just because the other people at the office are overscheduled and the other parents are doing 1000 things doesn’t mean you need to.
We all only have 1440 minutes a day. Accept you can’t do it all, focus on what’s important and do that well.
We’re all jealous of the people who are calm and cool under pressure. Be that person.
Next time someone asks how you’re doing, don’t talk about how busy you are. Don’t get sucked into thinking busy means important.
Busy doesn’t make you important. Doing the important things you need to do makes you important.
I could spend hours reading Barker’s summaries of his science-based self-improvement advice, which seems counter-productive. But I’m going to work hard to implement many of these suggestions–many of them ring true.
Related excellent article by Eric Barker: 6 Things The Most Productive People Do Every Day Here’s the intro:
People work an average of 45 hours a week; they consider about 17 of those hours to be unproductive (U.S.: 45 hours a week; 16 hours are considered unproductive).
Lots of good advice on how not to fritter away one’s time.
Bill Moyers has done an in-depth analysis of ALEC. If you wonder how so many conservative bills are being pushed through state legislature, look no further than ALEC:
A national consortium of state politicians and powerful corporations, ALEC — the American Legislative Exchange Council — presents itself as a “nonpartisan public-private partnership”. But behind that mantra lies a vast network of corporate lobbying and political action aimed to increase corporate profits at public expense without public knowledge.
In state houses around the country, hundreds of pieces of boilerplate ALEC legislation are proposed or enacted that would, among other things, dilute collective bargaining rights, make it harder for some Americans to vote, and limit corporate liability for harm caused to consumers — each accomplished without the public ever knowing who’s behind it. Using interviews, documents, and field reporting, the episode explores ALEC’s self-serving machine at work, acting in a way one Wisconsin politician describes as “a corporate dating service for lonely legislators and corporate special interests.”
Economist Anat Admati discusses the banking crisis with Bill Moyers, pointing out that real reform has not yet occurred.
BILL MOYERS: But as you surely know, the bankers tell us, not only do we have a safer system, but it’s getting even better as reforms are put into place. You look skeptical.
ANAT ADMATI: Well, they are truly trying to confuse people with their narratives. They just– either speaking a language that nobody can understand, or they say things, sometimes, that are completely wrong. And sometimes they’re just misleading.
But if you step back and look at the system, it’s very fragile. It’s one of those systems that’s like a big house of cards. You touch it, stuff can happen fast. And it’s far from any system that we would think of as reasonably stable, able to support the economy, all of that.
BILL MOYERS: You made that point in your TEDx talk. That the average US corporation relies on 70 percent equity and earnings. A company like Google, however, maintains 94 percent equity and borrows little. Banks, on the other hand, live on borrowed money and maintain very little equity— five percent. So when banks are over leveraged, and interconnected, and loans go bad, everything can topple, and there is poor old Uncle Sam trying to keep whole system from collapsing. And are they still taking these risks?
ANAT ADMATI: Oh, enormous. And by any measure of exposures to derivatives and the amount of debt versus their own money that they have, by most of these measures, it’s incredibly distorted and dangerous.
BILL MOYERS: I learned from you that two years before the financial crisis, the average size of the top 28 banks was $1.35 trillion five years ago. The average size last year, $1.7 trillion. And you say these too big to fail banks are particularly reckless and dangerous.
ANAT ADMATI: Look at them. They’ve basically become above the law. The people in them are able to do things that most other corporations would worry more about them doing because they can benefit from upsides all through the chain. And their creditors don’t worry enough, as much as other creditors would worry. And the downside eventually is everybody. So, by just taking the risk, they’re able to pass on some of their costs to other people. That’s kind of how it works for them.
I’ve often wondered how most of us in the United State would fare if we were forced to stand up and justify our jobs, one by one. We can do without most of the stuff in high-priced malls. We can do without casinos and all of the thousands of people they employ. Wall Street banks “make” only about the amount that they take in from federal government welfare, year after year. We could do away with all of these, and many many more.
Should your job even exist? David Graeber explains that people with make-work jobs envy those with real jobs:
All my life, there’s people, you meet them at parties, you run into them, you ask them what they do, and they kind of look sheepish and don’t want to admit it, you know? They say, well, it’s not really very interesting. It’s like, well, I’m a human resource consultant; I work at a computer firm where I fill out forms of a certain kind to make it faster for somebody else to do this, or I’m a middle man among seven layers of middlemen in this sort of outsourcing… They’re always embarrassed; they don’t look like they do anything. All those people out there who have these jobs that you don’t think they’re really doing anything, they must be suffering, they must know that their jobs are essentially made up. Imagine going to work every day knowing you’re not really doing anything. What must that do to someone’s soul?
Why America’s favorite anarchist thinks most American workers are slaves
How could you have dignity in labor if you secretly believe your job shouldn’t exist? But, of course, you’re not going to tell your boss that. So I thought, you know, there must be enormous moral and spiritual damage done to our society. And then I thought, well, maybe that explains some other things, like why is it there’s this deep, popular resentment against people who have real jobs? They can get people so angry at auto-workers, just because they make 30 bucks an hour, which is like nowhere near what corporate lawyers make, but nobody seems to resent them. They get angry at the auto-workers; they get angry at teachers. They don’t get angry at school administrators, who actually make more money. Most of the problems people blame on teachers, and I think on some level, that’s resentment: all these people with meaningless jobs are saying, but, you guys get to teach kids, you get to make cars; that’s real work. We don’t get to do real work; you want benefits, too? That’s not reasonable. . . . It’s envy of people who get to have meaningful jobs that actually produce something.
Many politicians would claim that college shouldn’t be free and that, in fact, the federal government, which is now a direct provider of many college loans, should pile interest onto student loans. I have two things I’d suggest in response, both of which speak to the systemic corruption of the United States Federal Government:
A mere $62.6 billion dollars! According to new Department of Education data, that’s how much tuition public colleges collected from undergraduates in 2012 across the entire United States. And I’m not being facetious with the word mere, either. The New America Foundation says that the federal government spent a whole $69 billion in 2013 on its hodgepodge of financial aid programs, such as Pell Grants for low-income students, tax breaks, work study funding. And that doesn’t even include loans.
Susan Crawford, Former Special Assistant to President Obama on Science, Technology, and Innovation Policy, urges that the internet is too important to be left to the private market.
– for more than 77% of Americans, their only choice for a high capacity connection is their local cable monopoly.
– Residents of Stockholm pay about 30 bucks a month for gigabit access. That’s something we can’t even imagine in the United States. Residents of Seoul and Japan and Hong Kong other Northern European countries have access to internet service 100 times faster than that in the U.S.
– Twenty states have passed laws saying, “Cities don’t have the choice to [build their own public internet options].” These laws have been rammed through by incumbents happy with the way things are. One thing that needs to happen is we need to block these state laws so that cities can make these decision for themselves. FCC Chairman Wheeler has announced that this would be a good direction to investigate.
From Free Press, the Comcast-Time-Warner Cable merger will be bad for you.
Free Press research shows that the Comcast-Time Warner Cable merger would create a media behemoth with unmatched power to raise prices, squash competition and reshape the future of the Internet. If the merger is approved, all kinds of bad stuff will happen. (Click the thumbnails in the article (here, here and here) to get the full scoop.) First off, Comcast will be the largest pay-TV provider in 104 markets encompassing 65 percent of the U.S. population. Wait, it gets worse: Comcast’s service area will cover almost two-thirds of the U.S., and it will be the only broadband provider that can deliver Internet and pay-TV services to nearly four out of every 10 U.S. homes. (See the company’s reach.) And to top it all off Comcast will control half of the truly high-speed U.S. Internet market, half of the TV/Internet-bundle market and a third of the pay-TV market.