Category Archives: Political 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.

UPDATE II: Mining Mitt’s Apartheid Moment (& The Killing Continues)

Founding Fathers, Labor, Old Right, Political Economy, Republicans, Russia, Socialism, South-Africa

Excerpted from “Mining Mitt’s Apartheid Moment,” now on WND:

“During the final presidential debate, Republican contender Mitt Romney got my hackles up (unnecessarily) with the following invocation of apartheid:

‘I would also make sure that [Iran’s] diplomats are treated like the pariah they are around the world. The same way we treated the apartheid diplomats of South Africa.’

Why unnecessarily? Romney is unremarkable among Republicans. Pushing revolutionary radicalism on the Old South Africa was the goal not only in high diplomatic circles, but among most Republicans.

With a few exceptions.

As I document in ‘Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South Africa,’ ‘For advocating ‘constructive engagement’ with South Africa, members of his Republican Party issued a coruscating attack on Ronald Reagan.’

Reagan favored ‘constructive engagement’ with South Africa, together with a tough resistance to communist advances in the Third World. But political pressure, not least from the Republican majority, mounted for an increasingly punitive stance toward Pretoria. This entailed an ‘elaborate sanctions structure,’ disinvestment, and a prohibition on sharing intelligence with the South Africans. In 1986, the Soviet Union, which had until the 1980s supported a revolutionary takeover of white-ruled South Africa by its ANC protégés, suddenly changed its tune and denounced the idea. Once again, the US and the USSR were on the same side—that of ‘a negotiated settlement between Pretoria and its opponents.’

Senator Lowell P. Weicker Jr., in particular, stated: ‘For this moment, at least, President Reagan has become an irrelevancy to the ideals, heartfelt and spoken, of America.’

South Africa was just one more issue on which Republicans had slipped between the sheets with the fashionable left. Today they are as eager as the next drug-addled supermodel to press flesh with Saint Nelson Mandela and the functionaries who run the dominant-party state of South Africa. That is, run it into the ground. … ”

The complete column is “Mining Mitt’s Apartheid Moment.” Read it on WND.

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

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UPDATE I (Oct. 27): IT’S ALL ABOUT FACTION. As was noted in “Mining Mitt’s Apartheid Moment,” “…the ANC … is powerless to stop intimidation. In South Africa, the sacked workers are in the habit of killing scabs who want to work.”

Reports RT:

South African police fired stun grenades, rubber bullets and tear gas to disperse striking miners who tried to foil a rally of the nation’s largest union. The miners say the union reached an unfavorable deal with Amplants mine without their consent.
­The Anglo American Platinum mine in Rustenburg has announced an agreement to reinstate 12,000 miners fired earlier this month for staging illegal strikes and failing to appear at a disciplinary hearing. The credit for the deal was taken by the National Union of Mineworkers (NUM).
“[Amplants] agreed to reinstate all the dismissed workers on the provision that they return to work by Tuesday,” the NUM announced Saturday, a day after the breakthrough in talks.
But the Amplants workers said they were neither aware of nor happy with the deal.
“We know nothing about it. We were not consulted, we only heard about it on the radio,” Ampants miner Reuben Lerebolo told AFP.

UPDATE II (Oct. 27): The indefatigable Adriana Stuijt (@AdrianaStuijt) tweets out:

“Oxford-educated SA investment company owner Alexander Theo Otten murdered at #Velddrift http://bit.ly/ThZFld”

The Golden Jay Taylor

Debt, Economy, Federal Reserve Bank, Inflation, Political Economy

Canada is interested in what my friend Jay Taylor has to say about gold. Mr. Taylor is a New-York based investor and broadcaster who invests and broadcasts in the Austrian tradition (gold bug).

On the real price of gold:

“… An ounce of gold is an ounce of gold, but what is a dollar?”

Since there is no measure of the worth of the dollar, “Mr. Bernanke can create 2 trillion dollars more out of nothing, which is like taking an inch off a yardstick every year and still calling it a yardstick.”

What an ounce of gold buy, using the commodity based “Rogers International Raw Materials Fund, L.P.,” is rising steeply.

Gold’s real price has surged to “crisis levels,” retort Jay’s smart Canadian interviewer (whatever that phrase means). “The yardstick is getting shorter and shorter in dollar terms,” and the gold-mining sector is doing swell.

Jay predicts that gold could hit $2500 an ounce. An Austrian economics purist, Jay ventures that we are in deflationary times, thus the price of gold could fall, as its purchasing power rises.

You don’t have to convince me. “Gold Is A Girl’s Best Friend (& Bona Fide).”

UPDATE II: On The Radio Show Of ‘Austrian’ Jay Taylor

Economy, Ilana On Radio & TV, libertarianism, Media, Natural Law, Political Economy, South-Africa

I will be a guest on The Jay Taylor Radio Show (“Turning Hard Times into Good Times”).

Date: Tuesday, June 26, at 3:30 EST.
Topic: Into the Cannibal’s Pot, as it applies to private property rights, gold in South Africa, and the backdrop to the establishment of Apartheid.

Jay Taylor is a New-York based investor and broadcaster, who invests and broadcasts in the intellectual tradition of Austrian economics. We met at the New York Junto gathering, where I was the month of May’s featured speaker.

I was delighted to hear that the topic of the talk—“Natural Rights in ‘Into the Cannibal’s Pot’: Abstractions or Facts of Life?”—resonated with Jay.

Jay is a treasure. Tune in to support his work. (And, it goes without saying, go easy on me.)

UPDATE I (June 26): You can listen to the show here.

UPDATE II (June 27): An MP3 of my segment is here.