The Free Market Problem

Paul Ryan and his supporters are trying to sell their spending cut and lower tax program and they’re getting booed at town hall meetings.  They’re finally cutting into people’s pockets who can’t defend themselves.  They thought they were doing what their constituency wanted and must be baffled at this negative response. Okay, this might get a bit complicated, but not really.  It just requires a shift in perspective away from the definition of capitalism we’ve been being sold since Reagan to something that is more descriptive of what actually happens.  Theory is all well and good and can be very useful in specific instances, but a one-size-fits-all approach to something as basic as resources is destined to fail. Oh, I’m sorry, let me back up a sec there—fail if your stated goal is to float all boats, to raise the general standard of living, to provide jobs and resources sufficient to sustain a viable community at a decent level.  If, on the other hand, your goal is to feed a machine that generates larger and larger bank accounts for fewer and fewer people at the expense of communities, then by all means keep doing what we’ve been doing. Here’s the basic problem.  People think that the free market and capitalism are one and the same thing.  They are not.  THEY ARE CLOSELY RELATED and both thrive in the presence of the other, but they are not the same thing. But before all that we have to understand one thing---there is no such thing as a Free Market.  None.  Someone always dominates it, controls it, and usually to the detriment of someone else. How is it a free market when one of the most salient features of it is the ability of a small group to determine who will be allowed to participate and at what level?  I’m not talking about the government here, I’m talking about big business, which as standard practice does all it can to eliminate competitors through any means it can get away with and that includes market manipulations that can devalue smaller companies and make them ripe for take-over or force them into bankruptcy.

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What I Have To Say About Ayn Rand

From time to time, here and there, someone brings Ayn Rand up as some kind of role model. Lately it’s even in the national news, thanks to the Tea Party and an apparently not very good film of Rand’s seminal masterwork, Atlas Shrugged. The uber conservatives now crowding reason out of the halls of congress with their bizarro legislation and their lectures from the floor and on committees about how their toilets don’t flush right so why should regulations on light bulbs be passed are the children of the Dragon’s Teeth cast randomly by Ms. Rand and her philosophical cult followers. It amazes how people who profess to believe in a philosophy of independent thought can sublimate themselves so thoroughly to the dogmas of that philosophy and claim with a straight face that they are free thinkers on any level. The phrase “more Catholic than the pope” comes to mind sometimes when crossing verbal swords with these folks, who seem perfectly blind to the contradictions inherent in their own efforts. Rand laid out a My Way or the Highway ethic that demanded of her followers that they be true to themselves—as long as they did as she directed. Ayn Rand’s novels, of which there were three (plus a novella/parable I don’t intend to discuss here), moved by giant leaps from promising to fanciful to pathetic. There are some paragraphs in any one of them that are just fine. Occasionally a secondary character is nicely drawn (Eddie Willers is possibly her most sympathetic and true-to-life creation) and from time to time there is even a moment of genuine drama. But such bits are embedded in tar pits of philosophically over-determined panegyric that drowns any art there might be. But then, her devoted fans never read them for the art. What Rand delivers in both The Fountainhead and Atlas Shrugged is a balm to the misunderstood and underappreciated Great Man buried in the shambling, inarticulate assemblage that is disaffected high I.Q. youth. The give-aways in both novels involve laughter. The opening scene in The Fountainhead characterizes Howard Roark for the entire novel, prefiguring the final scene in the novel, which translated to film perfectly in the weird 1947 Gary Cooper thing.

Howard Roark laughed. He stood naked at the edge of a cliff….He laughed at the thing which had happened to him that morning and at the things which now lay ahead.
Of course, the thing that had happened to him that morning was his expulsion from university for not completing his assignments. You can pretty it up with philosophical dross, but basically he didn’t do what he was required to do, instead opting for self-expression in the face of everything else. Hence the misunderstood genius aspect, the wholly-formed sense of mission, the conviction of personal rightness, and the adolescent disdain for authority no matter what. But his reaction? To laugh. [More . . . ]

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I don’t care about the royal wedding

I don't care about the royal wedding. Until today, I didn't even know the names of the people getting married. But I was curious as to how many of Americans cared about the wedding. Now I know, thanks to the NYT:

Results from a new New York Times/CBS News poll showed that six percent of respondents are following news of the wedding "very closely," with an additional 22 percent admitting to following the media blitz "somewhat closely."
I still have no idea about why these people care.

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Fallible stories

At Vital Concerns for the World, Anthropology Professor Robert Canfield points to the recent disclosures about Greg Mortensen's best seller, Three Cups of Tea, as further evidence that we need to be wary about the claims on which we base our social policy:

Once more we have learned that the stories we like to believe are not exactly true. Again it turns out that the stories we embrace have been shaped by the interests and agendas of fallible human beings like ourselves. Much of what we “know” about our world comes to us already misshapen by the interests of those who pass it on to us.
The recent revelations about Mortensen remind us that we are easily suckered by claims that support our existing beliefs and desires. Cognitive scientists have long shown that human beings are constant prey to the confirmation bias. Vigilance about claims, then, especially fantastic claims, should [caption id="attachment_17551" align="alignright" width="150" caption="Image by Erich Vieth"][/caption] never go on vacation. Canfield's quote also reminds me of Carl Sagan's caveat: "Extraordinary claims require extraordinary evidence." We need to be especially wary about tall claims from the far corners of the world where evidence gathering is sparse to non-existence. Three Cups of Tea, like all too many stories these days, is a story about how to spin and embellish a story.

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Chris Hedges: Kick the modern money-changers out of the temple

Chris Hedges had some sharp words for the modern day money-changers last Friday, during his speech in Union Square, New York City, during a protest outside a branch of the Bank of America:

The bankers and hedge fund managers, the corporate and governmental elites, are the modern version of the misguided Israelites who prostrated themselves before the golden calf. The sparkle of wealth glitters before them, spurring them faster and faster on the treadmill towards destruction. And they seek to make us worship at their altar. As long as greed inspires us, greed keeps us complicit and silent. But once we defy the religion of unfettered capitalism, once we demand that a society serve the needs of citizens and the ecosystem that sustains life, rather than the needs of the marketplace, once we learn to speak with a new humility and live with a new simplicity, once we love our neighbor as ourself, we break our chains and make hope visible.

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