Capitalism

Money-Drunk BellSouth Sings the Blues (very badly) to New Orleons

Washington Post reports:

Hours after New Orleans officials announced Tuesday that they would deploy a city-owned, wireless Internet network in the wake of Hurricane Katrina, regional phone giant BellSouth Corp. withdrew an offer to donate one of its damaged buildings that would have housed new police headquarters, city officials said yesterday.

BellSouth, ironically, feels victimized that a city which was under 10-20 feet of water just a few months ago, would even consider giving free internet access to those who slowly come back.

Friendly word of advice to the slimebags whose thirst for money is like that of a crackhead for a rock: please go out of business as soon as possible so that you can stop humilating the rest of the human race with your leadership's empty quest for vanity, disregard for everything besides your own interest, and appallingly shitty service. Please, go away.

Lolita Turns 50

This is the true scandal of Lolita. Not that a man should love a child, but that he should prove so helpless to stanch his desires. Deep emotion is the book's central transgression and its saving grace.      Never has this been more obvious than the current era, which has placed carnality in the service of capitalism by stripping from sex any vestige of authentic feeling. We see more and more these days -- virtually any dirty image is at our fingertips -- but feel less and less. Everywhere we look, glistening parts are pumping away in congress, yearning to excite our wildest consumer fantasies. Every day, it becomes harder and harder to make a clear distinction between pornography and advertising.      But Lolita? It has nothing to sell but the truth of ourselves: our afflictions of want, our shame, elusive and horrible and blessed.
-Steve Almond, 'Lolita' Hits Fifty

James Burnham and the Managerial Revolution

By GEORGE ORWELL

James Burnham’s book, The Managerial Revolution, made a considerable stir both in the United States and in this country at the time when it was published, and its main thesis has been so much discussed that a detailed exposition of it is hardly necessary. As shortly as I can summarize it, the thesis is this:

Capitalism is disappearing, but Socialism is not replacing it. What is now arising is a new kind of planned, centralized society which will be neither capitalist nor, in any accepted sense of the word, democratic. The rulers of this new society will be the people who effectively control the means of production: that is, business executives, technicians, bureaucrats and soldiers, lumped together by Burnham under the name of ‘managers’. These people will eliminate the old capitalist class, crush the working class, and so organize society that all power and economic privilege remain in their own hands. Private property rights will be abolished, but common ownership will not be established. The new ‘managerial’ societies will not consist of a patchwork of small, independent states, but of great super-states grouped round the main industrial centres in Europe, Asia, and America. These super-states will fight among themselves for possession of the remaining uncaptured portions of the earth, but will probably be unable to conquer one another completely. Internally, each society will be hierarchical, with an aristocracy of talent at the top and a mass of semi-slaves at the bottom.

The Daily Show: How to become a CEO

Lately, I've been looking for web design contracts. But thanks to this Daily Show report, I've realized I've been investing my time in the wrong field. I want to become a CEO. As Colbert notes, "If your company does well, you make a lot of money. But if the company does poorly... you still make a lot money!"

Watch Video in Realplayer

Stephen Colbert: "I want to get on the CEO fast track. And I mean a really fast track. The track itself is like tilted and greased with some sort of lubricant graphite polomer. And maybe the whole track is on wheels too. And then that's in the aisle of a concorde which is just roaring at mach 4 to CEO town."

George Orwell Reflects on his Days in Poverty

By George OrwellFrom: Down and Out in Paris and London, Chapter 3

It is altogether curious, your first contact with poverty. You have thought so much about poverty—it is the thing you have feared all your life, the thing you knew would happen to you sooner or later; and it, is all so utterly and prosaically different. You thought it would be quite simple; it is extraordinarily complicated. You thought it would be terrible; it is merely squalid and boring. It is the peculiar lowness of poverty that you discover first; the shifts that it puts you to, the complicated meanness, the crust-wiping.

You discover, for instance, the secrecy attaching to poverty. At a sudden stroke you have been reduced to an income of six francs a day. But of course you dare not admit it—you have got to pretend that you are living quite as usual. From the start it tangles you in a net of lies, and even with the lies you can hardly manage it. You stop sending clothes to the laundry, and the laundress catches you in the street and asks you why; you mumble something, and she, thinking you are sending the clothes elsewhere, is your enemy for life. The tobacconist keeps asking why you have cut down your smoking. There are letters you want to answer, and cannot, because stamps are too expensive. And then there are your meals—meals are the worst difficulty of all. Every day at meal-times you go out, ostensibly to a restaurant, and loaf an hour in the Luxembourg Gardens, watching the pigeons. Afterwards you smuggle your food home in your pockets. Your food is bread and margarine, or bread and wine, and even the nature of the food is governed by lies. You have to buy rye bread instead of household bread, because the rye loaves, though dearer, are round and can be smuggled in your pockets. This wastes you a franc a day. Sometimes, to keep up appearances, you have to spend sixty centimes on a drink, and go correspondingly short of food. Your linen gets filthy, and you run out of soap and razor-blades. Your hair wants cutting, and you try to cut it yourself, with such fearful results that you have to go to the barber after all, and spend the equivalent of a day’s food. All day you arc telling lies, and expensive lies.

The Market as God

By Harvey Cox
The Atlantic (spring 1999)

A few years ago a friend advised me that if I wanted to know what was going on in the real world, I should read the business pages. Although my lifelong interest has been in the study of religion, I am always willing to expand my horizons; so I took the advice, vaguely fearful that I would have to cope with a new and baffling vocabulary. Instead I was surprised to discover that most of the concepts I ran across were quite familiar.

Expecting a terra incognito, I found myself instead in the land of déjà vu. The lexicon of The Wall Street Journal and the business sections of Time and Newsweek turned out to bear a striking resemblance to Genesis, the epistle to the Romans, and Saint Augustine's City of God. Behind descriptions of market reforms, monetary policy, and the convolutions of the Dow, I gradually made out the pieces of a grand narrative about the inner meaning of human history, why things had gone wrong, and how to put them right . Theologians call these myths of origin, legends of the fall, and doctrines of sin and redemption. But here they were again, and in only thin disguise: chronicles about the creation of wealth, the seductive temptations of statism, captivity to faceless economic cycles, and, ultimately, salvation through the advent of free markets, with a small dose of ascetic belt tightening along the way, especially for the East Asian economies.

The East Asians' troubles, votaries argue, derive from their heretical deviation from free-market orthodoxy-they were practitioners of "crony capitalism," of "ethnocapitalism," of "statist capitalism," not of the one true faith. The East Asian financial panics, the Russian debt repudiations, the Brazilian economic turmoil, and the U.S. stock market's $1.5 trillion "correction" momentarily shook belief in the new dispensation. But faith is strengthened by adversity, and the Market God is emerging renewed from its trial by financial "contagion." Since the argument from design no longer proves its existence, it is fast becoming a postmodern deity-believed in despite the evidence. Alan Greenspan vindicated this tempered faith in testimony before Congress last October. A leading hedge fund had just lost billions of dollars, shaking market confidence and precipitating calls for new federal regulation. Greenspan, usually Delphic in his comments, was decisive. He believed that regulation would only impede these markets, and that they should continue to be self-regulated. True faith, Saint Paul tells us, is the evidence of things unseen.

Soon I began to marvel at just how comprehensive the business theology is. There were even sacraments to convey salvific power to the lost, a calendar of entrepreneurial saints, and what theologians call an "eschatology"-a teaching about the "end of history." My curiosity was piqued. I began cataloging these strangely familiar doctrines, and I saw that in fact there lies embedded in the business pages an entire theology, which is comparable in scope if not in profundity to that of Thomas Aquinas or Karl Barth. It needed only to be systematized for a whole new Summa to take place.

At the apex of any theological system, of course, is its doctrine of God. In the new theology this celestial pinnacle is occupied by The Market, which I capitalize to signify both the mystery that enshrouds it and the reverence it inspires in business folk. Different faiths have, of course, different views of the divine attributes. In Christianity, God has sometimes been defined as omnipotent (possessing all power), omniscient (having all knowledge), and omnipresent (existing everywhere). Most Christian theologies, it is true, hedge a bit. They teach that these qualities of the divinity are indeed there, but are hidden from human eyes both by human sin and by the transcendence of the divine itself. In "light inaccessible" they are, as the old hymn puts it, "hid from our eyes." Likewise, although The Market, we are assured, possesses these divine attributes, they are not always completely evident to mortals but must be trusted and affirmed by faith. "Further along," as another old gospel song says, "We'll understand why."

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