The increasing role of the financial sector in the second half of the 1900s means that finance itself could claim an increasing share of compensation.
Friday, February 22, 2013
Thursday, February 21, 2013
Wednesday, February 20, 2013
Should the Syrian Rebels have more powerful weapons, or would they eventually wind up in the hands of anti-Western forces? This question is difficult enough without having to come to consensus on the question in the E.U. Source; ABC News.
Tuesday, February 19, 2013
It would be like adding an additional product to an already-loaded caravan of camels crossing a desert. The caravan could easily absorb the addition, except that the decision is made to put the additional weight onto about half of the camels. From the strain on those camels, an observer might easily conclude that the additional product is too much for the caravan itself. Any question of adding still another product would be dismissed out of hand even though the further addition is feasible and would make the caravan profitable.
Monday, February 18, 2013
A Congressional rendering of how the human brain might be mapped? Source; nytimes.
Sunday, February 17, 2013
To be sure, it could be maintained that it would be more difficult to get quality people to work as staffers on the Hill (or in regulatory agencies). However, with a sustained unemployment rate and people attracted to government without any intention of “cashing it in” by lobbying , the fear is likely spurious.
A more serious objection is the point that power will inevitably find its maker. That is to say, members of Congress will get to the corporate cash one way or another. Looked at from the other direction, power flows down hill. Like water, pent-up power naturally seeks its way around an obstruction with the objective of securing a use. According to Nietzsche, the will to power seeks the pleasure in overcoming an obstacle. Even the eventual exercise of power thus has to do with an obstacle. The difference is that power turns that obstacle to its way. There is pleasure in that, according to Nietzsche.
Therefore, even though more daylight is needed between those in government and corporations, it is in the nature of power to work around obstacles that cannot be overcome in order to find others that can be turned around. Whether capturing members of Congress or entire regulatory agencies, corporate public affairs divisions are oriented to just that. Putting greater social distance between having been a staffer in Congress or even an elected representative or senator and lobbying for corporations would likely only make it marginally more difficult for corporate influence to find its way into the halls of power. The question is whether circumventing the water only slightly is worth the time and energy of passing the law. In the end, the threat to the democracy is the inordinate power, and thus wealth, of large corporations. Besides being at odds with Adam Smith's notion of perfect competition, a capitalist system populated with huge concentrations of private wealth is a threat to democracy.