Category Archives: Free Markets

UPDATE III: Planet Facebook Owns It (The Little Guy/Gal Needs Social Media)

Business, Democracy, Economy, Free Markets, Human Accomplishment, Internet, Labor, Pop-Culture, Psychology & Pop-Psychology, Technology

“Planet Facebook Owns It” is the title of my new column, now on WND. Here’s an excerpt:

“The more you hear from your average, financial-markets hater—the more you wish you could transport each one back to a mud hut in a far-away land, where women wear grass skirts, and carry their groceries on their heads, and where no man dares to or is capable of dreaming-up businesses like Costco, Overstock.com, or Facebook.

Planet Facebook, in particular, is a global, social, political, and potential economic revolution. Had the idea for this social-networking site not come into being, we’d be the poorer for it.

Facebook users love it and cannot imagine life without. Yes, they complain endlessly—but largely because they can. Unlike government (and CNN’s Anderson Cooper), you can keep private enterprise honest. Business aims to please its constituents, the consumers. Complaints encourage compliance.

Facebook went public. In the process of going public, some people got rich, or richer; others didn’t.

INDIVIDUALS VS. CORPORATIONS: To the media, these are two antagonistic and atomistic solitudes, never the twain shall meet. This ‘angels versus demons’ caricature is lapped up by the masses, even though most of them own shares in major American companies, through their pension funds.

Most Americans benefit from and are heavily vested in corporate America.

True to this cartoon, the Little Guy is depicted as good; Big Players as bad. Invariably, those who can’t get rich off an initial public offering (IPO) are labeled sympathetically as ‘small investors,’ or ‘retail investors.’ Those who land in the lap of luxury for the umpteenth time, because of their capacity to invest vast sums, are dubbed derisively ‘big investors,’ ‘Wall Street.’

SIMPLIFIED: People with oodles of money make a killing. People without much money would kill to be in their shoes.

U2’s Bono exemplifies the first type. Bono might be a chap who fronts a three-chord band of unimpressive droners, but he knows a good business deal when he sees one. In 2009, the singer invested $90 million in Facebook stock.

Cui bono, you ask. And the answer as to who benefits from Bono’s industry is this: The singer has pledged the $1.5 billion he reaped from his Facebook investment to charities in Africa.

Business, in contrast to Barack Obama, is a positive-sum game. …”

Read the complete column, “Planet Facebook Owns It,” now on WND.

If you’d like to feature this column (WND’s longest-standing, exclusive libertarian column) in or on your publication (paper or pixels), contact ilana@ilanamercer.com.

Support this writer’s work by clicking to “Recommend,” “Tweet” and “Share” “Return To Reason” on WND, and the “Paleolibertarian Column” on RT.

UPDATE I: Myron, “that FACEBOOK is overpriced” doesn’t contradict what I wrote, to the effect that “… prices are supposed to fluctuate continuously, as market forces bring supply and demand into balance.” Does it?

UPDATE II: To “Old Man”: I don’t hang out on Facebook, much less on twitter. Rather, I use social media quite efficiently to promote my work, only. I’ve gotten good at this efficiency. I waste no time at all, engaging in little extraneous discussion. In fact, when that “Hi, baby” chat window pops up at me (you can no longer disable the thing with ease), I “Unfriend” the creep right away.
For the little gal with no promotional assistance, Facebook is business. If you look at my pages, you’ll see that all my blogs propagate to Facebook and twitter (now, there’s a useless forum) mostly automatically through special applications interfaces. (Of course, these often malfunction, but not nearly as badly and as routinely as the government does.)
My book I advertised on Facebook, managing to reach 3 million pages, if I recall. That was a bit of creative work.
How cool is that? Very cool when you have no other promo support. As hard as it is to fathom, I’ve worked uphill to get my book out on Amazon, the Only Bookshop That Matters. As I noted in the “MAÑANA” blog post, “the softcover of The Cannibal is coming ‘Mañana,’ Pacific Time.” (The hardcover is available, for now.)
Although the soft-spined (but never spineless) Cannibal has been collated (in-house by myself and my husband) and features bonus material, its Publisher disavows Amazon, and is in no rush to supply the Only Store Worth Supplying with Cannibal softcover copies. (“After almost a decade in the Pacific Northwest region, I can safely say that, with a few treasured exceptions, people outside the Microsoft workforce (who, with Boeing, is the main employer here) have a hard time acting professionally and honorably.”)

So, yes, Facebook can be valuable for the Little Guy/Gal, who has no other option but to work it .

Incidentally, employers can, through Facebook, find out something about the bums they are about to employ. For example, I had employed a social media person, initially. This being America, the paid personnel rarely responded to my inquiries. Busy was she? Not on your life. She was chatting frivolously on Facebook, in real time, as I tried to reach her via email. Since then, three more potential “workers” have conducted themselves similarly. (It’s America. We are, for the most, unmotivated by obligation, professionalism, contract, intellectual honestly, or proprietary; but by how things make us feel. Doing the right thing we frame as an act of heroism.)

UPDATE (May 26): Thanks for your support for this work, Nell. As I said, the writer in this instance has no influence. Readers will have to use their clout to get the softcover issue to the Amazon market, where most readers prefer to shop. Do contact the publisher.

UPDATED: The Kochtopus Convenes, Again

China, Free Markets, libertarianism, Liberty, Neoconservatism, Objectivism, Political Philosophy, South-Africa

Last year, RT interviewed me about “Libertarianism Lite,” in anticipation of what is supposed to be libertarian officialdom’s Event of the Year, Freedom Fest.

The Kochtopus is set to convene again. With the exceptions of Tom Woods and Peter Schiff, it’s the same old guard, bedecked with a bimbo version of Penn Jillette for hip value.

The Andrew Napolitano-Koch Connection has been established. (See LewRockwekll.com.) I was never a huge fan of Freedom Watch, which, in my opinion, had that distinct CATO/Beltway, left-libertarian bent.

By way of an example, take the “War Street Journal’s” Stephen Moore, a natural star of any Kochtopus Convention. Moore was forever appearing in furtherance of freedom on Judge Napolitano’s Freedom Watch.

No wonder Moore, like Neal Boortz, is Hannity’s in-house freedom fighter too. One of Moore’s books was “Bullish on Bush: How the Ownership Society Is Making America Richer.”

“Bush’s bailout society” was an instantiation of the principles upon which “Bush’s ownership society” was founded: credit for those who are not creditworthy. But not even a full-throated support of the Bush affirmative action in housing loans amounts to an indictment among America’s incestuous (oft-libertarian) teletwits.

If you’re after some dry-as-dust, dispassionate, desiccated disquisitions on conventional aspects of the free market about which we all agree—and which Mises and Rothbard already covered better—Freedom Fest is the “happening” place for you.

My guess is that a demonstration for George Zimmerman around the corner would draw a real crowd.

UPDATE: In Reply to a thread on Facebook, written by writers who can’t tell their Left from their Right. Both of the FF speakers lauded on the thread are open-border, left libertarians, and one belongs to an outfit that honored the decidedly anti-capitalism Desmund Tutu, with whom I once took afternoon tea, as he was a friend of my father’s, before “forgetting” father’s contribution to “The Struggle.” It’s in my book; a book about the reality in the New South Africa, as opposed to the parallel reality peddled by left libertarian think tanks.

The other chap is known for his anti-Israel irrationalism, exposed in “Libertarians Who Loathe Israel” & “FOAMING AT THE MOUTH OVER ISRAEL.” Being so “intellectually honest” (NOT), this one character has practically boycotted all my work from the shrinking forums he controls, even though it jibes with his, for the most (although mine is actually fun to read). Intellectual honesty, Yeah, right.

The Cannibal In Chronicles By Clyde Wilson

Affirmative Action, Colonialism, Free Markets, Ilana Mercer, libertarianism, Political Correctness, Race, Racism, South-Africa, The West

Clyde Wilson has reviewed Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South favorably in the March 2012 print Issue of Chronicles, A Magazine of American Culture. Writes Professor Wilson:

“Tocqueville in the 19th century, and Solzhenitsyn in the 20th, noted that conformity of thought is powerfully prevalent among Americans. I have always thought that a strong justification for freedom of speech and press is the possibility, however small, that a lonely voice telling an unwanted truth might be heard. Such a speaker requires intellectual courage—the rarest of all forms of courage. The feisty, independent-minded libertarian columnist Ilana Mercer has that courage—in spades—as she chronicles the drawn-out murder of civilization in her native South Africa. She not only describes what is happening, she tells us how it came about and what it means. This is one libertarian who knows that the market is wonderful, but it is not everything. …”

CONGRATULATIONS ARE in order to Chronicles’ peerless editor, Tom Fleming, for his “Daily Mail Blog,” which you can follow from Barely a Blog’s Blogroll.

Afterthought About Afwul Obama

Barack Obama, Capitalism, Free Markets, Intelligence

Lost in what Obama heralded in his State of the Union address as “an economy built to last” is Adam Smith’s “Invisible Hand.”

As philosopher Adam Smith’s wisdom went, the public good was optimized when each individual acted in enlightened self-interest—and not when, as preached by Obama, people were roped in the service of a politician’s definition of the common good.

“By pursuing his own interest,” wrote Smith in “The Wealth of Nations,” “[man] frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.”

Alas, when it comes to Barack Obama, the wisdom of Ron White applies. That great satirist from the great State of Texas teaches that “You can’t fix stupid.” “There is not a pill you can take, not a class you can go to. Stupid is forever.”