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Posts Tagged ‘Economics’

The toughest job in America is to be poor and trying to raise a family.
   —  Michael (“Mike”) Barnicle
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On This Day In:
2016 Congratulations!!
Better Yet, Read!
2015 Even If It Kills Us Slowly
2014 Fun To Play God
Of Anything
2013 Legal (Almost)
2012 Great Scots!
2011 The GI Bill – A Simple History Lesson
Breaking Even

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This all may sound obvious, but far too little of the tech industry operates this way today.  We’ve gotten to a point where companies aren’t even trying to build a business that will produce profits; they are just trying to stay funded long enough for another company to acquire them.  They are actively chasing the waste instead of the win.  That misplaced focus isn’t just annoying, it contributes to global inequality, because it emphasizes capturing value instead of creating it.  It reminds me of Wall Street in 2007.
And it echoes the story of the economy writ large.  Over the past 30 years, wages have largely flatlined as corporate profits have surged, which means that companies in other sectors too are capturing more wealth than they are creating. This is a recipe for economic stagnation.  Consumer demand is 70 percent of GDP.  So when companies treat people solely as an expense to be automated away, or as mere supply of wealth to be extracted, they are slowly cutting their own throats.
  —  Tim O’Reilly
Quoted by: Jason Tanz
In his article: “A To-Do List For The Tech Industry
Appearing in: Wired Magazine, dtd: November 2016
On This Day In:
2016 Man’s Advantage Over God
2015 Deeply
2014 Hi-Yo Silver, Away!
2013 Warning:
2012 Thinking About Beauty
2011 A Founding Father’s Argument Against Public Funding Of Religious Education
Weekend Update
So Far, So Good

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As a general rule, nobody has money who ought to have it.
   —  Benjamin Disraeli
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On This Day In:
2016 A Little Lost
2015 This High Place
2014 Elected Madness
2013 Well Written
2012 Related Parts
2011 The King Is Oscar
Better Reputation?

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An investment in knowledge always pays the best interest.
   —  Benjamin Franklin
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On This Day In:
2016 Brief Glimpses And Full Glances
2015 Pursuing Perspective
2014 Wearing Down?
2013 Labouring Under A Curse
2012 Listen To Yourself
2011 Career Tips (Part 1)
No Captain Dunsel

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A leader is best when he is neither seen nor heard, not so good when he is adored and glorified, worst when he is hated and despised.  But of a good leader, when his work is done, his aim fulfilled, the people will say, “We did this ourselves.”
   —  Lao-Tzu
[If you elect an amoral con-man to be your President and he drives the country into deeper debt, continues to destroy the middle-class by transferring wealth to the top 1% and who engages in off-the-cuff twitter diplomacy, perhaps we should remind ourselves that “elections have consequences” and modify Lao-Tzu’s quote to: “We did this TO ourselves.”  —  KMAB]
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On This Day In:
2015 I’m Talking To You
Forced (Again)
2014 We Are Not A Fearful Nation!
2013 Risking Truth
2012 Working On Reality
2011 Massive Contradictory Changes

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One machine can do the work of fifty ordinary men.  No machine can do the work of one extraordinary man.
   —  Elbert Hubbard
[Yet.  —  KMAB]
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On This Day In:
2015 For I Have Always Lived Violently
2014 We Stand !! (I Stand With George)
Additional Requirements
2013 In The Present Day
2012 Feeling It
2011 Stretching Science

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The following are my brief reviews of four documentaries I watched on Netflix…
Requiem for the American Dream  (2016)   —  movie / documentary review
This documentary is (more or less) a seminar about the consolidation of wealth in the hands of the few (1%) and the subsequent use of wealth to control the government and thereby use the government to increase their wealth.  The documentary presents the views of Noam Chomsky, an MIT emeritus professor who made his fame in the study of linguistics and philosophy.  Chomsky is a long-time “leftist”, but not in the traditional sense of Communist or Socialist, and more in terms of being pro-democracy, that is supporting the rule of the governed as opposed to the rule of the elite.  More specifically, the people should control the governmental (government and regulations) business environment, not the business’s (or the mega-wealthy).  I didn’t find much which was really new in this documentary, but then I have considered Chomsky’s positions previously and have long agreed with him.  If I have any problems with this film it’s that it is presented in a “relatively” dry (“academic”) format.  So, while I agree with Chomsky, the American public doesn’t seem to mind government of the elite, by the elite and for the elite – hence, the election of Donald Trump.  Final recommendation: highly recommended, particularly if you are angry about the state of the country and / or worried about your job / career and place in our economic class system.
Sneakerheadz  (2015)   —  movie / documentary review
A short (just over an hour long documentary) summary / description of people who obsessively purchase sports shoes.  I agree with one of the commentators – a young lady – who says (in effect): “If you grow up poor and wanting things, like name-brand shoes and clothes, when you grow up and have enough money to buy them, you do.  To excess…“)   As I watched, I recognized myself and realize that except constrained by money, I could / would otherwise fall into this “addition”.  Beyond the simple ego-boost of being able to get something you previously could not afford, there is an underlying message of people seeking a place in society by creating an image of themselves which they can project out to others.  Interestingly, it seems this message is learned at an early age and then becomes the goal of their (the Sneakerheadz) life.  There is also a strong message about societal values and the ability of marketing to influence those values.  Not an original idea, but I still found it interesting to hear it stated so openly in documentary about shoe collectors.  Final recommendation: highly recommended.
A Drummer’s Dream  (2010)  —  movie / documentary review
What happens when you take some of the greatest drummers in the world, put them in an isolated Canadian farmland with a bunch of kids and all the drum kits and money the drummers can bring together?  It seems you get smiles, effervescent passion and irresistible personality. Starring drummers: Nasyr Abdul Al-Khabyyr, Dennis Chambers, Kenwood Dennard, Horacio “El-Negro” Hernadez, Giovanni Hidalgo, Mike Mangini and Raul Rekow, the documentary captures you with Rock, jazz, Latin fusion, and soul, but mostly it is about the drummers and their joy in playing…  And, did I mention smiles!  These musicians are driven by the beats of their hearts – full of love and joy of life.  Final recommendation: Highly recommended!  I found myself tapping my hands and feet for days after watching this.  Fortunately, my attention deficit disorder prevents me from becoming obsessive (in this way) or I’d still be drumming and trying to find / share their joy.  Come for the percussion, stay for the smiles…!
The Real Miyagi  (2015)    —  movie / documentary review
Back in the 1960’s, a young Japanese man came to America with little but an expertise in Martial Arts.  He subsequently went on to become an internationally recognized Martial Arts instructor and stunt back-up actor.  That man is Fumio Demura.  If you have seen any of the first four “Karate Kid” movies, you’ve seen sensei Demura in action (probably without realizing it). Pat Morita’s iconic sensei (Mr. Miyagi) in ‘The Karate Kid’ was based on sensei Fumio Demura and Demura was Morita’s stunt double in the action sequences.  I don’t mean based on Demura’s actual life, as Mr. Miyagi was a fictional Japanese-American character who fought in World War II.  Rather, Mr. Miyagi is based on the idea of a man perfecting (improving) himself using art – in Miyagi’s case it is Karate and Bonsai trees.  The documentary traces sensei Demura’s life and offers multiple tributes from his students which offer insight into the man behind the title “sensei”.  Final recommendation: strong if you have only a casual interest in Martial Arts, highly if you have a personal interest in Martial Arts or in historic Martial Artists.
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On This Day In:
2015 Just Like All The Others
2014 In My Own Vanity
2013 Filled With Words
2012 Lectio Auget Existentiae Meae
2011 Lied Lately?
2010 Born To Work At Faux News
Lost Again (Uh, Make That Still)
Qui Genus Humanum Ingenio Superavit
They’re Back… (Part 1)

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