Category Archives: Political Economy

Republican Attack Dogs Go For Mitt Romney, Again

Elections, Ethics, Etiquette, Gender, Left-Liberalism And Progressivisim, Political Economy, Politics, Race, Republicans

A good gauge of Republican treachery is the manner in which these drag queens of politics (no offense to drag queens) have beaten up on Mitt Romney whenever he spoke the truth.

They still do.

Romeny’s latest manifestly true words were these, via the New York Times:

In explaining his overwhelming electoral college defeat last week, Romney said Obama followed what he called the “old playbook” of seeking votes from specific interest groups, “especially the African-American community, the Hispanic community and young people,” the New York Times said. “In each case they were very generous in what they gave to those groups,” he added, according to the paper.
The question of how to appeal to the nation’s changing demographics is sensitive for Republicans, especially because Romney lost the non-white vote so badly to Obama, the nation’s first African American president.

Republican Gov. Bobby Jindal of Louisiana, Fat Man Newt Gingrich, New Mexico Gov. Susana Martinez (deemed another GOP rising star), MSNBC token conservative, and “Morning Joe” co-host, Joe Scarborough: All these deeply stupid Republicans can’t quite say why Mitt Romney’s analysis of the role of the give-me constituency in his electoral loss is incorrect. All they can do is malign the man because their jobs as electable parasites hinge on maligning Mitt Romney.

Establishment Republicans make me sick: lead me to the vomitorium, please.

Joining the cobra head that rose to spit at Romney was Wisconsin Gov. Scott Walker. But leading the pack in puke factor was Obama’s New BFF (Best Friend Forever), New Jersey Gov. Chris Christie (R). No one beats that bit of human waste when it comes to political back stabbing.

As the Republican doctrine has it, it is impermissible to observe that America is riven by race and gender.

Circumscribing Gouging = Circumscribing Private Property

Business, Capitalism, Economy, Ethics, Individual Rights, Objectivism, Political Economy, Private Property, Reason

Rights-based arguments are seldom made by members of the media and their guests. In explaining what a (semantic) aberration the term gouging is John Stossel opted to privilege the utilitarian angle. So did his guests.

Like any voluntary exchange of goods, “gouging” amounts to free people exchanging property to which they hold title. Each relinquishes something he values less (money/goods/labor) for something he values more (money/goods/labor).

John Stossel and guests prefer to stick to purely utilitarian economics. That’s the mindset that prevails.

I’d like to hear our side argue for freedom by saying that, whether free markets work or not is secondary to the unalienable, immutable, rights of men. It so happens that—surprise!—upholding the absolute rights of the individual to life, liberty and property works very well. Wealth redounds to all.

Bless Stossel for his efforts to promote economic literacy, over decades. However, I listened to Steve Horowitz last night, and then “muted” when Stossel made the perennial decision that guides the dueling perspectives political panel.

Rather than let Steve enlighten, Stossel allowed the reality denier to hog the stage with a perversion, not a version, of the truth.

“By presenting the public with two competing perspectives—you mislead viewers into believing that indeed there are two realities, and that it is up to them to decide which one is more compelling.”

This positively postmodernist format would be fine were Rome not burning. However, “a Homeric contest is underway in the USA. Rome is burning. Now is not the time to fiddle or to unwittingly defraud the public.”

As I wrote in “More Chris Christie Cretinism*: Outlawing Price ‘Gouging,’” in addition to acting as “the street signs of the economy,” “prices are the prerogative of private property”:

In a free market, the institute of private property ensures that we have prices. “Prices are like a compass: pegged to supply and demand they ensure the correct allocation of resources. Without market prices, supply and demand cannot be brought into balance and, by extension, consumer needs cannot be satisfied. Conversely, in socialized systems there are no prices because there is no private property. Absent such knowledge, misuse, misallocation and mismanagement of capital are inevitable.”

Storms Create Jobs (And Stupidity Springs Eternal)

Debt, Government, Inflation, Labor, Political Economy

You won’t hear Shepard Smith of Fox News suggest that, in order to create jobs in their own communities, people should set fire to their homes, and so help spur economic activity among local builders, landscapers, plumbers, and electricians.

But there the anchor was today, in Studio B, touting the economic benefits that would accrue from natural destruction.

The scale of Sandy the Storm guaranteed that it was a matter of time before John Maynard Keynes’ central stupidity would surface in the media. The stupidity Mr. Smith was giving voice to today is that out of Hurricane Sandy’s destruction will come jobs to revive the stricken region.

Residence along the battered eastern seaboard should hang tough, said Shep. Federal aid was on the way. Think about all the jobs that will be created in rebuilding after Hurricane Sandy.

As this thinking goes, war too is good for the economy, even though war always destroys individually owned real assets and capital.

The same goes for a storm such as Sandy.

For every dollar the government will spend, a dollar will be siphoned from you and me.

Like any committed statist, Shep sees big government—huge public works—and big deficits (especially during depressions), not as a bane but as a blessing, to be embraced as the key to economic boom.

In the short term, destruction will benefit some at the expense of others. The government will confiscate private property in the form of taxes (or steal wealth by stealth through its inflationary monetary policy) so as to create Shep’s imagined industries. These jobs will by short lived and unsustainable. For every government job generated, a real job will be lost in the private economy.

UPDATE II: Publishing Books In The Age Of The Internet, Pathological PC and Unprecedented laziness (Hire Your Own PR)

Education, English, General, Ilana Mercer, Internet, Journalism, Literature, Political Economy

The welcome news comes that Karen De Coster is publishing a book.

A mutual friend, author Rob Stove, has offered Karen some advice and posted it on her heavily trafficked Facebook Wall.

I counseled differently:

“As someone who has done every bit of heavy lifting for my last book—quite successfully, I might add—I have to disagree somewhat with Rob (who advises writing for prestigious publications on the topic, first).

The traditional, stuffy, staid publishing world is dying (yippee). I read the once-brave TLS. All new writers have to be (it would appear) people of color and/or those with no Y chromosome. The only writing worth reading vis-a-vis these new writers is the superb writing by the TLS’s increasingly PC reviewers (who try to be kind to the pig-ignorant, boring, PC writers they have to review).

In any case, you sell books from a platform. Mine was developed over almost 15 years as a weekly columnist.

Karen De Coster writes for a very large site, LRC, with a dedicated, niche readership. She manages social media with skill and has thousands of FB friends (whom she will have to instruct to “Like” her book and display it on their FB pages, if they want to keep her FB company. Here is my Facebook Friendship Policy).

That’s the future of publishing. Who cares if some pompous scribe in a dying publication (check its Alexa rank for stage of rigor) gives one a good review? Rob Stove—he edited The Cannibal; hire a good editor. We all need one—was mentioned by the New Yorker, and other prestigious publications. To this not all of us can aspire. However, were Rob to write a book about politics or culture, he would have to forget about future mention.

Back to my point: Karen can sell lots of books if she publishes the book herself (How much would you rather earn? 17%-50% royalties or 100%, all the more so when you, the writer, do all the work). She can go the CreateSpace route or with her own label. She then uses her platform on LRC to sell to an already interested audience. She also promotes her book on Facebook, via ads and by requiring all friends to “Like” and display book on their Fav. page. Even big names are publishing their own books (see David Frum’s new book. I followed it from CNN).

A small publisher does nothing for a writer except deplete him/her. There are a handful of large publishers worth considering for the TV PR they can generate. This writer (me) manages every aspect of the project—social media, fan page and website designs (I pay the attendant bills too, so…), Amazon page management, all writing, limited PR, etc. That’s the route to getting books read by the public in the age of the Internet (without which the true rebels would be destined for obscurity). Books published by smaller, if respectable, publishers are like the proverbial tree felled in a faraway wood. Almost no one reads them. (Check their profile on Amazon. You’ll see.)

For example, “The Arab Spring: The End of Postcolonialism” is written by a man with the “right” kind of name (non-English/non-Western): Hamid Dabashi. It was published on June 5, 2012 by Zed Books, a print that met the Times Literary Review’s standards.

It’s Amazon rank: #1,614,336 in Books. If you are new to book marketing, that’s abysmal.

(Btw, if you don’t market on Amazon, you’re retarded.)

On the bright side, by the number of reviews “The Arab Spring” got, we can tell that at least one person has read what Dabashi has to say. Conversely, and pessimistically, “0 of 1 people found the following review helpful.” In other words, so far, nobody gives a tinker’s toss what Dabashi’s single reviewer had to say about Dabashi’s latest work.

UPDATE I (10/30): Here’s another TLS “winner,” published (November 1, 2011) by Encounter (who refused the well-motivated proposal that became The Cannibal).

In Money In A Free Society, Tom Congdon touts every form of macroeconomic statism. His approving TLS reviewer mentions the “Austerians” (very bad) but says nothing about the Austrians.

Amazon ranks Money In A Free Society at #560,109 in Books. Zero reviews. Who pays these people?

UPDATE II (Nov. 3): HIRE YOUR OWN PR.

Unless you can get a book deal with one of the major big publishers (try), publish yourself. You’ll be smacking yourself if you don’t. To repeat: 15% royalties (standard industry fare) vs. 100%? Case closed. All the more so since small publishers do nothing for you. Unless your publisher is prepared to invest a few thousand for a few weeks of TV and media blitz. However, you could buy such PR yourself privately. Why hand over your money to a 2nd party to hire a 3rd? If you control the purse strings (as disposable income dictates), hire PR directly, to get on the main shows.

Want to have a frothy a day? Go with a small publisher. They suck. These are dominated by errant youth (or hippie elders who defer to such youth), who don’t have a work ethic or a brain cell to rub between them. No one has taught America’s young how to work professionally; how to conduct themselves with respect to author and contract and execute duties properly: If you want them done to standards, you’ll be inputting info and updating your Amazon page and other Internet displays of your product.

Individuals such as Karen are coming from an accounting career. They work alongside people who have serious degrees. The writing profession, on the other hand, is dominated by individuals who are repositories for postmodern education and values (even when they are libertarian). Don’t go there, unless it’s with a powerful, large publisher.