91 karma · joined March 8, 2017
Advertisers can be informative. But they can also be a big distraction of time & money & resources.
:P :)
This is spectacularly bad timing considering how many of our institutions that trade in truth are being attacked.
Music is indeed a language, so while it evolves, it still requires a network of meaning to rely upon. So doing something wild like music in 5/6 time will for the most part, bounce off people's heads and not resonate with meaning.
All the spigots for cheap labor in the USA are turned on full blast and have been increasingly so since the late 1970's when labor power was at its zenith. Those spigots are: free-trade agreements with other countries, automation, anti-union actions, flow of illegal labor, flow of legal immigrant labor, globalization.
It's the cause of social turmoil, but that's not much of a concern (in fact it's something to be harnessed and consumed) for the ruling (and chattering) classes.
That's crazy.
C-R-A-Z-Y.
What blows my mind is that the middle class and the poor who should know better, are simply to damned lazy to stand up for themselves. And many of them simply want a strongman to tell them what to do. That is, when they're not fantasizing that they'll be allowed into the club of the rich if they only provide enough fealty. It's a completely warped populace.
Unfortunately, America's political system doesn't allow for a nuanced solution that gently puts the brakes on rampant globalization. Instead, talking heads who only play for ALL THE MARBLES see this as an either/or situation. I believe in the inevitability of globalization. The question we need to ask ourselves is, do we need to get there next week? Can we get there just a tiny bit slower? Can we create an economic space where people not living on space station Elysium (the 2013 movie) can have a life not defined by exasperating financial anxiety?
A central problem in the demand-side economy is that labor has no pricing power. While this sparked political revolt in the form of Trump's and Sanders's candidacies, little seems to actually be accomplished on solving this central problem. Consequently, companies living in supply-side world are kidding themselves if they think they can sell anything to actual people who earn a living.
There's a lot of simplification in what I wrote, but the point about labor having no pricing power holds. And to a lesser degree if the supply-side economy actually gives a damn about having a reliable floor of demand, they could find it in customers who have jobs that pay enough to drive demand.
I'm seeing this happen to a great degree in Southern California's apartment market. Rents keep increasing, but the incomes in the area don't justify the increases.
I have to disagree with your take on Keynesian macroeconomics, however. Republican protests against raising the debt limit are for show & they always capitulate. Plus, concerns about inflation from Republicans are not as pressing a problem now that they control the purse strings. :)
I think you could have removed anything about Keynes and had a perfect comment. Your note about Sand Hill Road is spot-on.
I don't think that's how it works.