Monthly Archives: April 2011

UPDATE II: Pleasure Me, Now!

Debt, Education, Ethics, Federal Reserve Bank, Morality, Pop-Culture, Psychology & Pop-Psychology, The Zeitgeist

The following is from my new, WND column, “Pleasure Me, Now!”:

“Our society revolves around the pleasure principle. Unless something is pleasurable, it excites suspicion and is deemed unworthy of pursuit. This is one reason so many American youngsters entering the job market are dumb, difficult and will be, ultimately, dispensable. They’ve been taught, by parents and pedagogues — falsely — that learning and work must be jolly fun all the time. If your field of endeavor is no fun, quit it.

Anyone who has studied seriously, or worked to master a craft, knows that nothing worth learning or mastering is easy or enjoyable, at first — unless you’re a genius, a natural, or both. Most of us are not. For proof of the fact of mediocrity, look no further than the normal distribution, the Bell Curve.

With mastery, however, comes enjoyment. And mastery generally means hard work.

‘The value of hard work is overrated. Laziness is the mother of invention’: these were riffs offered up against my case by one of the bloggers at BarelyABlog.com. The writer, a physicist, makes my point for me: He happens to be a relative of Wolfgang Ernst Pauli, recipient of the 1945 Nobel Prize in physics!

No, not everyone can ‘work smart.’ Whereas graft is within each person’s reach; genius is not.

The pleasure principle is at play in the realm of both personal and public finances. Saving for the future is not fun. It means postponing pleasure for the sake of solvency or other more ambitious future gains.

Tellingly, a survey by the ‘National Foundation for Credit Counseling’ has revealed that … ’26 percent of adults in the U.S. admit that they’re spending more than they did a year ago. And 40 percent of consumers are still battling unpaid credit card debt month to month.'” …

Read the complete column, “Pleasure Me, Now!”, on WND.COM.

UPDATE I (April 22): In the Comments section, Annette makes important points. Running my own tiny enterprise, as I do, I agree with her. When us oldies die-out, the American workforce is close to toast! However, home-schooled kids give me hope. I’m working with one such gentleman (a kid, really) whose work ethic, method of problem solving, and cognitive skills match mine. As my husband would put it, “A normal person.” But the “mature” “professionals” who came before him, all with fancy offices downtown, gave new meaning to the concept of outsourcing.

Let me parrot, once again, “Your Kids: Dumb, Difficult And Dispensable”:

“The hybrid, hi-tech workforce ? comprised as it is of local and outsourced talent ? is manned, generally, by terribly smart older people with advanced engineering degrees. Yes, the people designing gadgets for our grandiose gimps are often Asians, many of whom are older. They beaver away under fewer, also terribly smart, older Americans. The hi-tech endeavor is thus all about (older) Americans and Asians uniting to supply young, twittering twits with the playthings that keep their brainwaves from flatlining.
My source in the industry tells me that the millennial generation will be another nail in the coffin of flailing American productivity. I am told too that for every useless, self-important millennial, a respectful, bright, industrious (East) Asian, with a wicked work ethic, waits in the wings.
Let the lazy American youngster look down at his superiors, and live-off his delusions and his parents. His young Asian counterpart harbors a different sensibility and skill; he is hungrily learning from his higher-ups with a view to displacing artificially fattened geese like Meghan McCain.”

UPDATE II (April 23): Myron, Right you are. My source behind enemy lines—one of the biggest, most prestigious American corporations—is reduced to working in his garage, where he has better lab equipment, solving the company’s technical problems.

Debunking The Debt-Default Hoax

Debt, Democrats, Economy, Politics, Reason

David Henderson of EconLog, for the Library of Economics and Liberty, debunks the nonsensical (and irrational) notion that not raising the debt-ceiling will result in the US defaulting on its debt. Treasury Secretary Tim Geithner might be as gormless as his boss, since he has confused “debt obligations” with “other expenditures.”

As U.S. Senator Pat Toomey explained, in a January 19 Wall Street Journal op/ed, “the amount of money required to continue to make payments on all the U.S. government debt is a small fraction of the amount of revenue the U.S. government raises.”

Henderson again: “On car payments and student loan and credit card payments, Geithner is right. But on insurance premiums and utility payments, he’s wrong. Those are not typically debt obligations. Geithner is effectively saying that if the government wants to spend x and has only enough money to spend 0.67x, then not spending on the other 0.33x is a failure to keep an obligation. In a political sense, that might be: the government has made a lot of spending promises to a lot of people. But in an economic sense, it’s not. On the narrow issue of whether failure to raise the debt limit would necessarily mean U.S. government default on its debt, Toomey is right and Geithner is wrong.”

Facebook Forced To Fawn Over Beltway Bosses

Barack Obama, Business, Democrats, Fascism, Government, Regulation, Republicans, The State

Had Mark Zuckerberg, founder of Facebook—which we all use to such great advantage—neglected to schmooze Washington, one of this or the next administration’s top dogs (Republicans are no better than Democrats in persecuting business) would pick-up the scent and give chase. Why? Because we labor under a system “in which the government leaves nominal ownership of the means of production in the hands of private individuals but exercises control by means of regulatory legislation and reaps most of the profit by means of heavy taxation.” So wrote the Tannehills in The Market for Liberty.

Fascism, in short.

Duly, Facebook now has a new Washington office. As the Wall Street Journal reported:

“… Facebook is still trying to find a path to Washington, where the company has only a fledgling lobbying operation, even though it finds its privacy policies under increasing scrutiny and is trying to navigate a politically sensitive expansion into China.

In seven years, Facebook has risen from a tiny start-up to an Internet power with a potential market value estimated at more than $50 billion. Now an online forum with more than 600 million users, Facebook faces growing pressure from lawmakers and regulators concerned about the way it uses personal information shared by its users. [Yeah, right; the Big Bosses only want what’s best for us.]

At the same time, the company is confronting questions about how it will handle its role as a global public square for dissidents if it enters China and other countries with little tolerance for dissent. In an interview with The Wall Street Journal about its approach abroad, Facebook officials in Washington suggested the company might be willing to play by China’s rules—a stance that could raise hackles in Congress.

Until lately, Facebook has spent very little money in Washington, even by Silicon Valley’s frugal standards. The company’s outlays on lobbying totaled $351,000 last year, federal records show. That’s a fraction of the amount spent by other technology giants, including Google Inc.’s $5.2 million and Microsoft Corp.’s $6.9 million.”

[SNIP]

Any serious student of economics knows that regulation hinders wealth creation, often forcing the entrepreneur to replace viable, voluntary trades and transactions with bureaucratic, politicized decision making. Rather than concentrate on satisfying and protecting his users on Facebook, Zuckerberg, is now compelled to divert resources from customer service and technical innovation into navigating the bureaucrat’s tax and regulatory laws.

Obscene Party Protests Porn-Law Laxity

Individual Rights, Law, Liberty, Regulation, Republicans

As if you didn’t already know this: America doesn’t have two parties, but one, big, obscene party. Today it was the Republican’s who protested a rare, Obama regulatory lapse: Omigod! The Obama administration is not enforcing obscenity laws against the porn industry.

After Attorney General Eric Holder recently shut down the Obscenity Prosecution Task Force, [Orrin] Hatch derided the move Friday in a statement to Politico.
“Attorney General Holder told the Judiciary Committee last year that this task force was the centerpiece of the strategy to combat adult obscenity,” Hatch told Politico. “Rather than initiate a single new case since President Obama took office, however, the only development in this area has been the dismantling of the task force. As the toxic waste of obscenity continues to spread and harm everyone it touches, it appears the Obama administration is giving up without a fight.”

If the Big, Obscene Party continues in its wastrel ways, pretty soon, the porn industry will be the only one standing. Although the work of porn is done lying down, the industry, I believe, is still standing thanks to the support of the American consumer.

Leave consenting adults to their own depravity.