Tag Archives: capitalism

one of jon stewart’s better moments

In a career of many many good moments of political commentary, surely one of the highlights of Jon Stewart’s career was the Wednesday March 4 episode of The Daily Show, which was almost entirely Jon Stewart doing commentary & interview about the financial situation.

I particularly loved his comment to Joe Nocera about CNBC’s “journalism” on Wall Street:

How does a guy like Rick Santelli have the balls to get mad about this idea of giving homeowners a break, when this network, CNBC — how did they miss this entire story? They’re a financial news network , I mean, it’d be like the weather channel interviewing hurricane Katrina and saying, “You know there’s reports that you have high winds and flooding,” and Katrina’s like, “No no no I’m sunny,” and they’re like “alright,” and then they walk away. This is insane!

At around 17:30 in the video.

break-break for anxiety

in the middle of a blogging break (for good reasons! welcome ada marie) i bring you this article from salon.com which is scary as fuck and makes me fear for little ada’s future:

Apocalypse Now by Mike Davis.

Davis does not buy any of the Gore-style cheerleading that we might avert a climatically disastrous future through alternative energy sources and sustainable economics. Instead, he predicts that in the new “Anthropocene” (the human-determined geological era just declared “open” by the Geological Society of London) the rich will get richer, the poor will get poorer, and we will become a “planet of slums”.

portfolio diversification in your income

Firefighters who want to live in high-priced cities can work two jobs, said W. Michael Cox, chief economist for the Federal Reserve Bank of Dallas. “I think it’s great,” he said. “It gives you portfolio diversification in your income.”

[NYT 7/23] Words fail me. Actually, polite words fail me.

critical montages complaint about ip

I always like to see non-usual-suspect rants about IP, so here’s one from critical montages [11/27] (you’ll have to go there to see the insightful links)

No Sharing

Ever notice the Waffle House menu’s insistence that Double Waffle is for “dine-in only, no sharing”? A common prohibition at low-end restaurants, it’s also a small-print reminder of what capitalism is all about.

From enclosure to enforcement of intellectual property rights, capital’s message is always No Sharing.

Products of intellectual labor, unlike land and waffles, can be shared by all without diminishing their use value for anyone, however. “Copies” are as perfect as “originals” for the most profitable products — such as drugs and software — in the age of mechanical production, withering the aura of private property and making the revolutionary act of sharing and sharing alike irresistible. Capital, of course, tries to stop it, but, in doing so, it makes visible the “invisible hand” of the market, demonstrating that it is not scarcity but state power at capital’s disposal that prevents us from having what we want — even what we need to save our lives.