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enoch (Member Profile)

chris hedges-tavis smiley-change will come thru resistance

Paul Tudor Jones II: Why we need to rethink capitalism

CEO cut's salary so he can raise workers pay to 70,000/yr

petpeeved says...

Shocking that one of the leading mouthpieces and corporate apologists for the diseased form of capitalism that is capsizing the former republic of the United States of America would be predicting that 'market forces' will maintain an environment where CEOs such as Dan Price, who are confused as to which side of the class war they are on, will be strongly discouraged from closing the historical chasm of income disparity with their workers via a complex and myriad assortment of carefully implemented internal structures, that have been embedded over several decades starting with Reagan, and will serve to doom any business to failure for not prizing profit, and the unequal distribution of profit, over all other considerations such as income parity.

The most interesting aspect of this experiment isn't whether it succeeds or fails in the long run but rather that it will someday be used as a prime example by people like Chris Hedges who argue that the form of crony capitalism plaguing the West cannot and should not be reformed but rather destroyed and replaced with a system that doesn't have as its main aim the impoverishment of workers for the sole benefit of an oligarchical aristocratic elite.

lantern53 said:

from Forbes:

Unfortunately, this well-intended gesture is likely to either end badly or just end quietly. It will end badly if the company enacts the program as written, as Gravity is likely to experience reduced investor interest due to unusually high labor costs. A growing company with a $70,000 entry-level wage for every employee will be a difficult sell in the capital markets.

More likely, the plan will end quietly. As investors weigh in and influence company policy, the $70,000 minimum wage is likely to be drastically modified and adjusted. Conditions are likely to be placed on earning the $70,000 minimum, and industry standard wages will be subsidized with bonuses and other cash incentives to maintain the appearance of a $70,000 minimum wage. People unable or unwilling to commit to a bonus-based or incentive-based system will not select themselves for employment at Gravity. Within three years, Gravity’s pay structure will probably revert to industry standards, and Price’s minimum wage will be seen as a well-intended, but economically naïve, compensation plan.

lurgee (Member Profile)

radx says...

Hedges' latest article on surveillance and snitches includes pure gold in the form of Solzhenitsyn quotes.

It's been 12 years since I read the Gulag Archipelago and I haven't spent a single thought on it throughout this entire chain of surveillance revelations. The corrosive effect permanent surveillance has on you - the stool pigeons are a wonderful illustration of it.
Even those who acknowledge the chilling effect often qualify it as less corrosive than full-blown "Zersetzung", as if there were a clear-cut line between the two. Dragnet surveillance is Zersetzung.

Anyway, loved this one:

A remarkable fresh breeze was blowing! On the surface we were prisoners living in a camp just as before, but in reality we had become free—free because for the very first time in our lives we had started saying openly and aloud all that we thought! No one who has not experienced this transition can imagine what it is like!

And the informers … stopped informing.

spawnflagger (Member Profile)

A10anis (Member Profile)

enoch says...

i would not say i am anti-establishment but rather suspicious of power and authority,and rightly so in my opinion,but thats all that is..my opinion.

i tend to post chomsky because he is the most quoted and since he is so critical of power his research tends to be thoroughly vetted.i also post:chris hedges,henry giroux,sheldon wolin,carl popper all whom are extremely critical of the current power structures.

my faith dictates my politics and to me the argument is always,and i mean always:power vs powerlessness

i am critical of power.
i challenge authority and question its validity,forcing said authority to prove its relevance in todays society.

just because i criticize and challenge current power structure in no way dismisses the very good and beneficial accomplishments of the society i reside in.there are many positives to be acknowledged and applauded,but we must be vigilant and do our due diligence in order to challenge extremely powerful forces that seek to undermine the myriad of hard-won rights and privileges in order to benefit themselves at the detriment of everybody else.

so while my politics may be perceived as radical by some,it is not radical at all to me.which should be self-evident.

and disagreement is not only fine by me but welcomed,and i am glad you will engage with me (some people fear conflict).engagement forces me to refine and examine my own ideologies and if they are found lacking,then they must be discarded.without challenge and criticism we will all sit in our own hubris,an echo chamber of our own insular ideologies,smelling our own farts.

now where is the fun in that?

anyways..always a pleasure sparring with ya.
stay awesome brother and merry christmas happy new year!

B Dolan-which side are you on?

bobknight33 says...

You point the finger at wall street when you government is at fault.
The rule of law have been perverted year over year since the beginning and been sliding ever so fast the last 100 years.

Vote for Joe lunch bucket next time time around, Forget Hillery and any of the mainstream Republicans. That are all puppets.

But the people are more concerned for their single issue than the betterment of America. Corporations are no different but they have the $ to hedge their best by playing both sides.


And yes the video is still a vulgar pile of trash.

enoch said:

rule of law?
really?
you mean the law that ignores the lying liars on wall street?
the law that criminalizes the poor?
you mean THAT law?
a criminalized elite that legislates laws that benefit them and their cronies while crushing the working class.
wrong side bob.
thats ok..seems @ant agrees with you.

i find it hypocrisy of the highest order those who claim to be christian and follow the teachings of jesus,who will abandon his teachings when it becomes uncomfortable and inconvenient.

nevermind that many of the laws and rights you so enjoy nowadays were hard won by the sacrifices,and sometimes deaths of those who think and feel exactly as this video portrays.

hypocrites......the lot of ya.

radx (Member Profile)

enoch says...

yeah i read that article.truthout is on my feed (as are many others) but giroux writes many articles for truthout and i adore him.just like hedges and truthdig.

but i always appreciate when you share interesting articles of information.we all cant be everywhere,so sharing is the best way for all of involved.

i dont know if you ever saw stallones dredd but it was bad..i mean BAAAAD.the remake is damn near perfect.fast paced and really keeps the tone of the graphic novel/comic.

i think you will enjoy it immensely.

radx said:

This article over at Truthout is a rather interesting read, albeit a bit long:

We're riding a global engine of ravenous resource consumption. We all know this can't go on forever, but the thought that it might come to a stop is so terrifying to all of us that most of the time we just want to live in denial.

A bit heavy on the eco-socialism, but a decent read nonetheless.

Also, the interrogation scene you posted convinced me to give Dredd a shot tonight.

Truckchase (Member Profile)

how every debate i have had with a libertarian looks like

bcabs says...

I disliked how Hedges said that capitalism fails to self-regulate.

I think the big intellectual mistake that is made nowadays is to assume that the invisible-hand is a purely market phenomenon. Capitalism's self-regulation operates on a society-wide basis and requires feedback from people, governments, social-institutions (i.e. religious, cultural and academic) in addition to the market. I don't think it is too hard to argue that financial institutions currently hold a disproportionate amount of power relative to other institutions. One could even say that Wall Street has taken capitalism hostage.

However, this point is usually lost on people and forces them into "for" and "against" camps.

how every debate i have had with a libertarian looks like

VoodooV says...

I can't remember who said it, but I've always liked this quote:

Capitalism is a great engine for innovation, but it's a shitty way to have a just and fair society. (after googling, it seems lots of people have said something to that effect)

Capitalism is great, but it needs to be controlled.

I will disagree though. Voters have the power to make some huge changes The corporate world may have a huge influence over Gov't, but it's dependent on the populace not giving a damn and looking the other way.

There will come a point where people are pushed to a tipping point, then things will happen. Hopefully in a peaceful fashion. One way or another it will happen, because as Hedges already pointed out. Truly unrestricted capitalism will destroy itself.

The oligarchy is trying to create a modernized system of serfdom and perpetual debt. Give people the illusion of freedom, but they're really not. Every major life decision in the modern world usually involves going into significant debt and spending decades digging yourself out.

Want a good education? Gonna have to go into massive debt. Even if you're successful, it will take a long time to get out.

Want to get married? society says you have to have an expensive ring and go into debt for probably 30 years to get a house for your family. And you wonder why more and more people are flipping the bird to the "traditional family unit"

Want a decent car just so you can get around? Even more debt

Hope you never get divorced, because that's still more debt.

Hope you're lucky enough to not have a major accident or illness either. Yep, more debt.

I know a lot of people are able to successfully navigate these things and still come out ahead, but they're quickly becoming the exception, and not the rule. And it's often a question of luck, not of skill or smarts or being chosen of your preferred deity. blind stupid luck. So those that make it have no cause to look down their nose at those who didn't make it.

There is a reason feudalism system got thrown out. It's just been repackaged to fool people. When enough people realize it, it will be thrown off again.

notarobot said:

It's true that free markets have enabled innovation over the past two centuries since the adoption of capitalistish models by most of the world.

The issue I see the interviewer struggling with, and Hedges not really getting across to him, is that the free market run amok has led a perversion of capitalism. This perversion, however you wish to describe it (corpratism?/neo-feutilism?) has created ultra-wealthy elite who are able to impose vast influence over society, like princes and kings before the Storming of the Bastille.

Hedges is warning that revolution will may be the only option left if the present shift in power continues on it's present path unchecked. (I do not see such upheaval as possible at the present time---though I don't dispute that the seeds are there. Revolutions are often preceded by disaster or famine.)

The interviewer seemed more interested in making his own points and arguing with Hedges rather than trying to help Hedges to draw out and refine his main point into a digestible thesis.

how every debate i have had with a libertarian looks like

notarobot says...

It's true that free markets have enabled innovation over the past two centuries since the adoption of capitalistish models by most of the world.

The issue I see the interviewer struggling with, and Hedges not really getting across to him, is that the free market run amok has led a perversion of capitalism. This perversion, however you wish to describe it (corpratism?/neo-feutilism?) has created ultra-wealthy elite who are able to impose vast influence over society, like princes and kings before the Storming of the Bastille.

Hedges is warning that revolution will may be the only option left if the present shift in power continues on it's present path unchecked. (I do not see such upheaval as possible at the present time---though I don't dispute that the seeds are there. Revolutions are often preceded by disaster or famine.)

The interviewer seemed more interested in making his own points and arguing with Hedges rather than trying to help Hedges to draw out and refine his main point into a digestible thesis.

Competition is for Losers: Natural Monopolies Aren't Forced

Trancecoach jokingly says...

It appears that the majority of this thread is confusing what Thiel is calling a "natural monopoly" with a "legal monopoly" or something else.

It wasn't me who called those who think this way "losers," but the so-called "bad businessman," Peter Thiel, who must have gotten "lucky" to become the CEO at PayPal -- who then sold it to EBay -- and then he got "lucky" again with Facebook, and then again when he got the CIA to fund a data analysis company for him, and again with his hedge fund venture capital firm... like the guy who wins the lotto four times.

"Bad" businessman indeed.

lurgee (Member Profile)



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