Category Archives: Business

UPDATED: Miseducation Bubble (The Marketing Energizer Bunny)

Business, Debt, Economy, Education, Government, Welfare

“The housing house-of-cards was not the only ‘bubble in search of a pin’ in the modern-day USA. The intellectual bubble is also begging to be burst.” (May 8, 2009) Students have acquired an empty education—for example, a masters degree aimed at “working with nonprofit organizations”—so as to qualify for work in niche “specialties” which are very often spawned and sustained artificially by state-issued fiat money. “The second highest source of income [for nonprofits] is government grants or contracts.”

New York Post: “John Smith, 31, of Brooklyn, works part time at a Trader Joe’s because he hasn’t found work in his field for over a year, despite having a master’s degree. He has about $45,000 in student loan debt. His girlfriend, Meropi Peponides, 27, a graduate student at Columbia University, will have over $50,000 by the time she graduates. … Smith said he has sent out about 200 resumes in his search. He’s looking mainly for work with nonprofit organizations.”

“For the first time, Americans owe more on their student loans than they do on their credit-card bills, with a tally that could soon top $1 trillion — leaving millions of Americans with a crushing debt burden at a time when decent-paying jobs are scarce.”

MORE.

UPDATE (Oct. 24): THE MARKETING ENERGIZER BUNNY. As JP noted, one needs a formal education for a few highly skilled disciplines and professions. For the rest, the return to a classical, canon and core-curriculum oriented education—what used to be called traditionalist—is crucial in secondary school. Someone who can afford it ought to be encouraged to soak up the Western scientific, literary and philosophical canon as a first degree. But this elusive liberal arts, mind-growing education is rare and expensive.

Conservatives are no different from progressives in this matter. How often do you hear the mantra from Beck, “We need to teach kids how to think, not what to think.” Not you don’t! When you expose a child to the riches of the Western canon through top-down, teacher-focused teaching—his mind develops. Teach a youth of Socrates and his analytical method—and what do you think will happen over and above dendritic proliferation in the brain? Higher-order thinking. Ask a child to distill the central idea in a complex essay (which does not deal with diversity or other brain-deadening constructs). Don’t praise him when he gets it wrong. See how well PROCESS works for his thinking. The same holds with math, science, etc. This is what used to be called an education.

Back to fluffy bunny degrees. Marketing is another. The “marketing” types I’ve encountered know little and do NOTHING. They have various degrees and they write letters festooned with “enthusiasm,” “passion,” adoration for the product, Kumbaya, and the occasional obligatory requests for “feedback”—don’t waste your time; they’ll discard or have a panic attack if your recommendations entail pragmatic, result-oriented steps. That’s too much like work. A lunch meeting to discuss your “concerns” or “options”: now that’s the lingo and “action” they are comfortable with.

The marketing types I’ve encountered are incapable of planing and executing the most basic and logical of plans. In my case, they don’t know what an Alexa rank is, and so are positive that their site, ranked 16 millionth by Alexa is where your book sales originate. (Mine, of course, originate on ilanamercer.com, WND.COM and Amazon, and years of GRAFT.) They have no idea how to look at a client’s reach and product and match her with her target buyers. They are incapable of divining their client’s market and optimizing it. You’ve wasted scarce time and energy if you’ve written practical, logical, point-form suggestions for these types to follow.

Some “businessmen” derive masochistic pleasure from rotating these fluffy bunnies (as my husband calls the marketing persona), at considerable expense, one would imagine.

I believe that as an author who does most of the heavy lifting on these sites (which you all enjoy, and wish to support, I hope), I know more about marketing a book to a niche market than the marketing laggards I’ve encountered.

Alas, they draw the salaries. But economic reality is changing this last fact.

The one extremely bright person I have had the pleasure to work with on my last book project was a 20-year old home-schooled prodigy. No higher education. He learned superb programing skills through a mentoring program in his church. However, his intelligence, quick mind unpolluted by the public school, as well as an ability to think clearly and at a speed enabled him to branch out. Needless to say that such abilities and ethics are rare in our workforce. He was quickly poached for managing far bigger projects.

The latter programmer/developer was the only person I’ve worked with who was able to read an email (I number each task clearly. It’s the kind of methodical habit of mind one once acquired at school vicariously; at least I did), answer it, while addressing each of my points/concerns, and then promptly return a demo.

Frankly, well-structured, logical emails that enumerate tasks to be accomplished and problems to be solved have usually elicited a deathly silence in all other programmers/marketers with whom I’ve tried to engage. That’s scary!

Fortunately, and as I also learned in school, breathing is controlled by the autonomic nervous system. Were this not the case, the human energizer/fluffy bunny would already be extinct.

‘The Program’ Behind The Occupy Wall Street Protests

Business, Capitalism, Democracy, Economy, Individual Rights, Political Economy, Political Philosophy, Private Property

Tired of listening to mealymouthed left-libertarians laboring to find commonalities with the Occupy Wall Street “sleepover”? You should be. I know I am. I have no sisterly solidarity for socialists.

Here’s the stark reality of this extravaganza: Within the buildings are people beavering away, working for a living. Railing against them without—sitting idle in the parks, streets and on sidewalks—are individuals who trash, scream, sleep for hours on end, loiter, strip down and publicly body-paint each other, copulate and defecate.

Economist George Reisman dissects the farrago of economic errors the protesters and their sympathizers commit: “What the protesters do not realize is that the wealth of the one percent provides the standard of living of the ninety-nine percent.”

Read “How a Highly Productive and Provident One Percent Provides the Standard of Living of a Largely Ignorant and Ungrateful Ninety-Nine Percent” by George Reisman.

UPDATED: Steve Jobs Was With Liberty

Barack Obama, Business, Capitalism, Celebrity, Economy, Intelligence, Technology, The State

As is to be expected with so private and guarded a person, the curtain on Steve Jobs’ inner life is being pulled back slowly, but surely. In the process, Jobs’ natural affinity for freedom is being revealed. The man who gave us Apple Inc. was obviously too smart to misunderstand the essence of liberty and how at odds BHO is with it. Jobs was on to the idiot Obama (and to racist and statist Bill Gates). Reports the HuffPo:

“Jobs, who was known for his prickly, stubborn personality, almost missed meeting President Obama in the fall of 2010 because he insisted that the president personally ask him for a meeting. Though his wife told him that Obama ‘was really psyched to meet with you,’ Jobs insisted on the personal invitation, and the standoff lasted for five days. When he finally relented and they met at the Westin San Francisco Airport, Jobs was characteristically blunt. He seemed to have transformed from a liberal into a conservative.

‘You’re headed for a one-term presidency,’ he told Obama at the start of their meeting, insisting that the administration needed to be more business-friendly. As an example, Jobs described the ease with which companies can build factories in China compared to the United States, where ‘regulations and unnecessary costs’ make it difficult for them.

Jobs also criticized America’s education system, saying it was ‘crippled by union work rules,’ noted Isaacson. ‘Until the teachers’ unions were broken, there was almost no hope for education reform.’ Jobs proposed allowing principals to hire and fire teachers based on merit, that schools stay open until 6 p.m. and that they be open 11 months a year.”

Jobs’ spot-on assessment of Bill Gates has to be my favorite revelation:

“Bill is basically unimaginative and has never invented anything, which is why I think he’s more comfortable now in philanthropy than technology. He just shamelessly ripped off other people’s ideas.”

So true.

UPDATE (1/3/2016): Alex Gibney, at CNN, trashes Steve Jobs, posthumously, in a one-sided, banal, “Why Can’t He Be More Like Bill Gates” bit of yellow journalism.

Steven Jobs – Capitalist Hero

BAB's A List, Business, Capitalism, Celebrity, Classical Liberalism, Economy, Ethics, Fascism, Human Accomplishment, Intelligence, Technology

By MYRON PAULI

MYRON PAULI explains what separates Steven Jobs, the quintessential “Homo Aynrandis,” from Homo Corporatist, that atavistic throwback that manages the typical corporation nowadays.

ONCE UPON A TIME, great men like the late Steven Jobs (Homo Aynrandis) roamed about in our early republics (note the plural – each state has a republican form of government) – men like Morse, Fulton, Edison, Whitney. These were creators and innovators who helped mankind by helping themselves – not because some bureaucrat put a gun to their heads. They made money through their inventiveness and vision, not by “manipulating the system.”

Nearly all of these early Howard Roarks (the hero in Ayn Rand’s Fountainhead) were self-educated. They made their fame and fortune in spite of “the system.” College dropout Jobs was one of these great men and let us hope not the last.

Nowadays, we have a different species of capitalist, Homo Corporatist, “managing” most companies – usually for personal gain and short-term profit – into oblivion. They are often spoiled rich kids who smoke dope through college and then get educational “credentials” in “management” and economics from neo-Marxist pedagogues teaching Keynes, Krugman, Samuelson etc. These corporate-technocratic-idiot-savants work their way into companies, sucking up to the vampires who mismanage these companies, and then get hired as CEOs.

Jobs made that mistake in hiring John Sculley from Pepsi and the soda salesman soon manipulated Jobs out of Apple. Later Apple sued Jobs, whose quote, “It is hard to think that a $2 billion company with 4,300-plus people couldn’t compete with six people in blue jeans,” says all one needs to know about those characters and the modern era.

But Jobs was down but not out. He made Next and Pixar and out-Appled Apple until they took him back and resumed growing. The alternative for Apple would have been to hire the type of corporate flacks who have mismanaged General Motors for the last 70 years.

As for Homo Corporatist – they are excellent in claiming hundreds of millions of dollars in bonuses while their companies slide into oblivion. Thomas Edison founded General Electric whose products were found in nearly every American home – now the company is “managed” by Harvard M.B.A. Jeffrey Immelt. Instead of watching GE televisions, Americans now watch GE’s Rachel Maddow spouting inane nonsense on Korean televisions. GE has become a bubble-manipulating finance company which lobbies for tax breaks and “green energy mandates” from its political buddies.

Homo Corporatist, sadly, is ubiquitous. In China and Russia, they are the children of the old party apparatchiks who now play “businessman” in a fascist economy. In the Arab world, they are the relatives and friends of the King/Sheik/Dictator now operating various “enterprises.” In America, it is Archer Daniels Midland with their agribusiness “ethanol mandates.” It is people like my Senator, Mark Warner, who made money off the FCC monopolistic licenses. It is people like Merrill Lynch’s Stan O’Neal, an egomaniac who had security guards holding an entire elevator bank open for him and ran off with well over $100 million, while sinking “bullish” Merrill with subprime mortgages before moving on to Alcoa whose stock has also tanked.

Most of these managers know less about the products that the companies make than their janitors. They make short term profits by firing research staff, selling ideas and marketing opportunities overseas, and finding quick-fix gimmicks, as they pocket the bonuses, and lobby against competitors – and like good vampires, move on to the next target. Some might be better than others – but can Herman Cain (Federal Reserve Bank leader) cook a pizza??

At my first company after graduate school, the big shots were shorting their own stock to the Employee’s Stock Plan (!); they paid 20 percent to borrow money in 1982 to buy up a company at over 50 times price-to-earnings, and then sacked most of the company, bribed government officials and covered it up, then pleaded “no contest” to the bribes with some leaving the companies with golden-parachute bonuses while the “lower animals” at the company got furloughs and had to take ethics training to not do what the big shots had done – all while the company stock plummeted from 45 to 3! While my years in the employ of the government reinforce my libertarianism, I could see how people in companies like this could wind up as Marxists!

Steven Jobs, Homo Aynrandis, will be missed. He was what capitalism should be about.

**
MYRON PAULI, Ph.D., grew up in Sunnyside Queens, went off to college in Cleveland and then spent time in a mental institution in Cambridge MA (MIT) with Benjamin Netanyahu (did not know him), and others until he was released with the “hostages” and Jimmy Carter on January 20, 1981, having defended his dissertation in nuclear physics. Most of the time since, he has worked on infrared sensors, mainly at Naval Research Laboratory in Washington DC. He was NOT named after Ron Paul but is distantly related to physicist Wolftgang Pauli; unfortunately, only the “good looks” were handed down and not the brains. He writes assorted song lyrics and essays reflecting his cynicism and classical liberalism.