capitalism

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TIME Magazine on the Future of Work

TIME Magazine on the Future of Work

As the latest instance of a major media outlet prescribing mass surrender of even the most limited workplace rights, the cover copy for the May 25, 2009 issue of TIME Magazine reads: “Throw away the briefcase: you’re not going to the office. You can kiss your benefits goodbye too. And your new boss won’t look [...]

Two Theories on How to Keep Your Job

In a CNN article on “How to keep your job” Tyler Cowen (of Marginal Revolution fame) recommends that you approach your boss and preemptively volunteer yourself for a wage cut. So, even as money keeps flowing to the top, mass media outlets are now recommending that workers volunteer themselves for further wage cuts, all under the name [...]

“New Media Technology” Delegation Travels to Iraq

Jeremy Scahill is not pleased: The U.S. State Department has announced it is sponsoring a “New Media Technology” delegation to Iraq to “explore new opportunities to support Iraqi government and non-government stakeholders in Iraq’s emerging new media industry.” Of all of the areas in Iraq in desperate need of attention, its “emerging new media industry” [...]

Brad DeLong’s Lecture on Marx

Brad DeLong, whose blog I otherwise follow for its sober commentary on the economic collapse, yesterday posted what can only be considered an overly-simplistic and by all accounts intellectually-insulting paper on Karl Marx. At one point, he even stoops to entertaining Paul Samuelson’s “joke” that Marx was but a “minor post-Ricardian theorist”. In any event, it makes [...]

A History of Wages in the Financial Sector, 1909-2006

A history of wages in the financial sector: “Wages and Human Capital in the U.S. Financial Industry: 1909-2006″ by Thomas Philippon, Ariell Reshef Abstract: We use detailed information about wages, education and occupations to shed light on the evolution of the U.S. financial sector over the past century. We uncover a set of new, interrelated [...]

Measuring Rates of Return for Lobbying Expenditures

Not only does lobbying pay well, it can be measured: “Measuring Rates of Return for Lobbying Expenditures: An Empirical Analysis Under the American Jobs Creation Act” by Raquel Alexander, Stephen Mazza, Susan Scholz Abstract: The lobbying industry has experienced exponential growth within the past decade. The general public, the media, and special interest groups perceive [...]

Bank Forbids Use of Social Networking Sites to Screen Job Applicants

Isn’t this a whole lot more practical, and ethical, than inspiring vague fears in teens and jobseekers — that everything they do and write will come back to haunt them, that they’re constantly being watched, that their future depends on keeping-up appearances (a problem I go over here)? You won’t find Amegy Bank of Texas [...]

The Man of Commerce, 1889, by A.F. McKay

The Man of Commerce, 1889, by A.F. McKay, originally uploaded by joneilortiz.

Neil Levi on Carl Schmitt and the Question of the Aesthetic

It’s a common accusation of the left that politics, liberal and conservative alike, becomes “aestheticized” through persistent suspensions of law and declarations of emergencies. But what, exactly, Neil Levi asks, in a timely, subtle paper on Carl Schmitt, is so “aesthetic” about political decisionism, a doctrine still fresh on our lips in the Obama era. [...]

Ricky Gervais Meets Elmo

Ever since Ken Hudson Campbell, playing a jaded but well-meaning Santa (-in his first role, it turns out), put out his butt and pulled up his beard to accommodate one last request (in Home Alone of course), I, and perhaps every adult American my age, have been uniquely attuned to Hollywood’s penchant for ironizing — prematurely, [...]

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