Category: Economics

What’s the problem?What’s the problem?

Tetman Callis 0 Comments 4:41 am

“Capitalism is itself a kind of social technology, one capable of organizing and managing a massive and complex division of labor without concentrating power over the system at any one point. But it is a technology that is much better suited to some tasks than others. When maximizing the output of commodities with the least input of human labor is posed as society’s main problem, capitalism’s defenders can point to it as an historically unsurpassed technology for this purpose.

“If, however, the main problem is to maintain the ability of the Earth to support an advanced civilization, and to ensure that the bounty of that civilization is shared out equitably, then the situation looks quite different. Since the system responds only to price signals, internalizing the externalities of ecological degradation entails an unceasing campaign of enclosures and commodification, in which  every aspect of the natural world must be parceled up into pieces of private property, from carbon credits to fishing rights. And this same reliance on prices ensures that legitimacy of a person’s desires will always be equated with the money at their disposal, and the machine will reproduce a world that caters to the whims of rich countries and rich people. This is ever more of a problem when wage work is still the normal way of making a living, and yet less and less labor is actually required in production.” – Peter Frase, “Sowing Scarcity”

Double shift on the binder lineDouble shift on the binder line

Tetman Callis 0 Comments 4:57 pm

“Most people who think they are practicing law are actually making binders, and my guess is that most people who think they are doing whatever important thing they are doing are making binders. The binders from law firms go to a locker in a warehouse in a parking lot in an office park off an exit of a turnpike off a highway off an interstate in New Jersey, never to be looked at again. No one ever read them in the first place. But some client was billed for the hourly work.” — Elizabeth Wurzel, from The Cut

To the barricades!To the barricades!

Tetman Callis 0 Comments 3:57 pm

“If it is to remain something meaningful, philosophy does not have to limit itself to describing things, it has to make things happen, it has to effectuate a change. That’s why the locus of philosophy, the place where it dwells, is not the books, nor the academic papers, but the body of the philosopher. Philosophy does not exist properly unless it is embodied in a human being; in a sense, philosophy is word become flesh.” – Costica Bradatan, “Philosophy as an Art of Living” (emphases in original)

The peaceable kingdomThe peaceable kingdom

Tetman Callis 0 Comments 4:46 am

“We lose the subject of animals when we move out of childhood. In childhood animals are all around us, and then we throw them out. In childhood they’re everywhere, the stuff of our stories and our art and our songs, of our clothes and blankets, of toys and games. Then in adulthood they’re distant symbols or objects. They’re rudely ejected from our domain. They’re frivolous or infantile, suddenly. They’re what we eat or maybe pets. Sometimes they’re what we kill. But this makes no sense. This impoverishes our imaginations. When we turn away from animals as though they’re only childish things, we make our world colder and more narrow. We rob ourselves of beauty and understanding. We rob ourselves of the capacity for empathy.” – Lydia Millet (interviewed by Morten Hoi Jensen in Bookforum)

Boatload o’sinnersBoatload o’sinners

Tetman Callis 0 Comments 4:55 am

“A man once said in Auschwitz that indifference is the greatest sin of the 20th Century.  Well, I think it is the greatest sin of the 21st Century as well.  We need to shake off this indifference, the destructive tolerance of evil.” – Jim Caviezel, quoted in the production notes for The Stoning of Soraya M.

Planet of incarcerated whoresPlanet of incarcerated whores

Tetman Callis 0 Comments 4:43 am

“Social media, as well as the pervasiveness of cameras and other surveillance apparatuses, have the potential to persecute anyone as though they are an undeserving celebrity due for a takedown. In a world where motion-sensitive cameras lie in wait to transmit images of your walking down the street in real time to online observers for judgment, where facial- recognition technology can durably attach all the insults to your name, where privacy is increasingly interpreted as secrecy and the mere procedures of exposing anyone are seen as blows against power, we are all subject to unexpected and unwanted scrutiny. Yet at the same time, in a social environment that’s increasingly congested by transparency and competing and unceasing claims for recognition, we must clamor for the attention we do want and find ingenious (if not exploitive) ways to get it. Not only are we all under surveillance but we are compelled to then justify why we’re being watched. This stems from social media’s seemingly objective measures of individual reputation and influence (Klout is merely the most egregious of these), which we ‘deserve’ by being active online — turning our thoughts, opinions, friends, and relations into useful marketing data. Social media provide the infrastructure for the economic mobilization of the personality, in which our efforts to ‘be ourselves’ must confirm themselves by being demonstratively productive.” – Rob Horning, “Living in Microfame”

The commodification of the transcendentThe commodification of the transcendent

Tetman Callis 0 Comments 5:29 am

“My definition of art is very straightforward: Art is what is sold as art, and that’s it. When someone buys something, believing he or she is buying art, then it is art. If you pay for something because you think it’s art, you’re basically creating art: the buyer creates art, not the artist. This is what’s going on in the art world, although they won’t tell you that—they don’t believe in art, but they do believe in selling art.” – Slovenian Damien Hirst (interviewed by Jesse Darling in “Being Damien Hirst” (emphases in the original)

Your mission, should you decide to accept it, or notYour mission, should you decide to accept it, or not

Tetman Callis 0 Comments 5:05 pm

“Every new generation of artists is faced with the task of originating new forms of work that fall outside the margins of established commodity. In other words, to create work that  is uncommodifiable, though it will not remain so for long. This is the cycle, the dance, the lie at the heart of the avant-garde, and everyone knows it. As the art market sets crunchily to work figuring out how to sell the unsaleable, the best or cutest or savviest of the new generation are called to join in the carousel or production line, churning out their visionary, uncommodifiable commodities, which have acquired in the meantime a price tag in accordance to their very resistance to commodity status, their rareness, their avant-gardiness. Avant-garde simply means as yet unsold (though we’re working on it); ‘outsider’ art denotes that-for-which-we-can-see-no-buyer.” – Jesse Darling, “Being Damien Hirst”

It takes a disaster in the villageIt takes a disaster in the village

Tetman Callis 0 Comments 4:37 am

“Would that it could always be so!  No one richer, none poorer, than his fellow; no coveting the other’s goods; no envy; no greedy grasping for more than one’s fair share of that given for all.  True it is, I reflected, that money is the root of all evil, the curse of our civilization, seeing that it is the instrument which frail mortals use to take unjust advantages.  What a difference those few days when there was no money, or when money had no value!  Christ walked the ruined city and reigned over a willing people.” – Charles B. Sedgwick, “The Fall of San Francisco”

A balancing actA balancing act

Tetman Callis 0 Comments 4:38 pm

“Those whose office it is to look after the interests of the state will refrain from that form of liberality which robs one man to enrich another. Above all, they will use their best endeavours that everyone shall be protected in the possession of his own property by the fair administration of the law and the courts, that the poorer classes shall not be oppressed because of their helplessness, and that envy shall not stand in the way of the rich, to prevent them from keeping or recovering possession of what justly belongs to them.” – Marcus Tullius Cicero, De Officiis (trans. Miller)

Banking on itBanking on it

Tetman Callis 0 Comments 4:22 am

“We must take measures that there shall be no indebtedness of a nature to endanger the public safety. It is a menace that can be averted in many ways; but should a serious debt be incurred, we are not to allow the rich to lose their property, while the debtors profit by what is their neighbour’s. For there is nothing that upholds a government more powerfully than its credit; and it can have no credit, unless the payment of debts is enforced by law.” – Marcus Tullius Cicero, De Officiis (trans. Miller)

What money can’t buyWhat money can’t buy

Tetman Callis 0 Comments 5:04 pm

“The moral sense of to-day is demoralized and depraved by our worship of wealth. Of what concern to any one of us is the size of another man’s fortune? It is, perhaps, an advantage to its possessor; but not always even that. But suppose it is; he may, to be sure, have more money to spend; but how is he any the better man for that? Still, if he is a good man, as well as a rich one, let not his riches be a hindrance to his being aided, if only they are not the motive to it; but in conferring favours our decision should depend entirely upon a man’s character, not on his wealth. The supreme rule, then, in the matter of kindnesses to be rendered by personal service is never to take up a case in opposition to the right nor in defence of the wrong. For the foundation of enduring reputation and fame is justice, and without justice there can be nothing worthy of praise.” – Marcus Tullius Cicero, De Officiis (trans. Miller)

The business of charityThe business of charity

Tetman Callis 0 Comments 5:02 pm

“Now in rendering helpful service to people, we usually consider either their character or their circumstances. And so it is an easy remark, and one commonly made, to say that in investing kindnesses we look not to people’s outward circumstances, but to their character. The phrase is admirable! But who is there, pray, that does not in performing a service set the favour of a rich and influential man above the cause of a poor, though most worthy, person? For, as a rule, our will is more inclined to the one from whom we expect a prompter and speedier return. But we should observe more carefully how the matter really stands: the poor man of whom we spoke cannot return a favour in kind, of course, but if he is a good man he can do it at least in thankfulness of heart.” – Marcus Tullius Cicero, De Officiis (trans. Miller)

Not commerce as we now know itNot commerce as we now know it

Tetman Callis 0 Comments 4:53 am

“It will, moreover, befit a gentleman to be at the same time liberal in giving and not inconsiderate in exacting his dues, but in every business relation — in buying or selling, in hiring or letting, in relations arising out of adjoining houses and lands — to be fair, reasonable, often freely yielding much of his own right, and keeping out of litigation as far as his interests will permit and perhaps even a little farther. For it is not only generous occasionally to abate a little of one’s rightful claims, but it is sometimes even advantageous. We should, however, have a care for our personal property, for it is discreditable to let it run through our fingers; but we must guard it in such a way that there shall be no suspicion of meanness or avarice. For the greatest privilege of wealth is, beyond all peradventure, the opportunity it affords for doing good, without sacrificing one’s fortune.” – Marcus Tullius Cicero, De Officiis (trans. Miller)

Revolutionary old ideasRevolutionary old ideas

Tetman Callis 2 Comments 5:45 am

“Those who propose to take charge of the affairs of government should not fail to remember two of Plato’s rules: first, to keep the good of the people so clearly in view that regardless of their own interests they will make their every action conform to that; second, to care for the welfare of the whole body politic and not in serving the interests of some one party to betray the rest. For the administration of the government, like the office of a trustee, must be conducted for the benefit of those entrusted to one’s care, not of those to whom it is entrusted. Now, those who care for the interests of a part of the citizens and neglect another part, introduce into the civil service a dangerous element — dissension and party strife. The result is that some are found to be loyal supporters of the democratic, others of the aristocratic party, and few of the nation as a whole. As a result of this party spirit bitter strife arose at Athens, and in our own country not only dissensions but also disastrous civil wars broke out.” – Marcus Tullius Cicero, De Officiis (trans. Miller)

Going for the nobleGoing for the noble

Tetman Callis 2 Comments 5:42 am

“Beware of ambition for wealth; for there is nothing so characteristic of narrowness and littleness of soul as the love of riches; and there is nothing more honourable and noble than to be indifferent to money, if one does not possess it, and to devote it to beneficence and liberality, if one does possess it.” – Marcus Tullius Cicero, De Officiis (trans. Miller)

Buck upBuck up

Tetman Callis 0 Comments 6:37 am

“We must, of course, never be guilty of seeming cowardly and craven in our avoidance of danger; but we must also beware of exposing ourselves to danger needlessly. Nothing can be more foolhardy than that. Accordingly, in encountering danger we should do as doctors do in their practice: in light cases of illness they give mild treatment; in cases of dangerous sickness they are compelled to apply hazardous and even desperate remedies. It is, therefore, only a madman who, in a calm, would pray for a storm; a wise man’s way is, when the storm does come, to withstand it with all the means at his command, and especially, when the advantages to be expected in case of a successful issue are greater than the hazards of the struggle. The dangers attending great affairs of state fall sometimes upon those who undertake them, sometimes upon the state. In carrying out such enterprises, some run the risk of losing their lives, others their reputation and the good-will of their fellow-citizens. It is our duty, then, to be more ready to endanger our own than the public welfare and to hazard honour and glory more readily than other advantages.” – Marcus Tullius Cicero, De Officiis (trans. Miller)

This morning’s political lessonThis morning’s political lesson

Tetman Callis 0 Comments 5:30 am

“Our beneficence should not exceed our means; for those who wish to be more open-handed than their circumstances permit are guilty of two faults: first they do wrong to their next of kin; for they transfer to strangers property which would more justly be placed at their service or bequeathed to them. And second, such generosity too often engenders a passion for plundering and misappropriating property, in order to supply the means for making large gifts. We may also observe that a great many people do many things that seem to be inspired more by a spirit of ostentation than by heart-felt kindness; for such people are not really generous but are rather influenced by a sort of ambition to make a show of being open-handed. Such a pose is nearer akin to hypocrisy than to generosity or moral goodness.” – Marcus Tullius Cicero, De Officiis (trans. Miller)

So high you can’t get over it; so wide you can’t get around itSo high you can’t get over it; so wide you can’t get around it

Tetman Callis 0 Comments 6:43 am

“No phase of life, whether public or private, whether in business or in the home, whether one is working on what concerns oneself alone or dealing with another, can be without its moral duty; on the discharge of such duties depends all that is morally right, and on their neglect all that is morally wrong in life.” – Marcus Tullius Cicero, De Officiis (trans. Miller)

The unbearable crappines of nowThe unbearable crappines of now

Tetman Callis 6 Comments 6:31 am

“I can’t bear to accept that everything is basically going to shit. And everything is: the economy, the family, the social structures, the class divide, the political process in this country, global warming, random violence from terrorism. Unless you want to live in denial, I feel that you have to train yourself to find hope. The logical response is to get incredibly depressed, but what’s the point of that?” – A. M. Homes (from interview by Richard Grant)

Taxation without representation the old-fashioned wayTaxation without representation the old-fashioned way

Tetman Callis 0 Comments 5:42 am

“A.D. 1137. This year went the King Stephen over sea to Normandy, and there was received; for that they concluded that he should be all such as the uncle was; and because he had got his treasure: but he dealed it out, and scattered it foolishly. Much had King Henry gathered, gold and silver, but no good did men for his soul thereof. When the King Stephen came to England, he held his council at Oxford; where he seized the Bishop Roger of Sarum, and Alexander, Bishop of Lincoln, and the chancellor Roger, his nephew; and threw all into prison till they gave up their castles. When the traitors understood that he was a mild man, and soft, and good, and no justice executed, then did they all wonder. They had done him homage, and sworn oaths, but they no truth maintained. They were all forsworn, and forgetful of their troth; for every rich man built his castles, which they held against him: and they filled the land full of castles. They cruelly oppressed the wretched men of the land with castle-works; and when the castles were made, they filled them with devils and evil men. Then took they those whom they supposed to have any goods, both by night and by day, labouring men and women, and threw them into prison for their gold and silver, and inflicted on them unutterable tortures; for never were any martyrs so tortured as they were. Some they hanged up by the feet, and smoked them with foul smoke; and some by the thumbs, or by the head, and hung coats of mail on their feet. They tied knotted strings about their heads, and twisted them till the pain went to the brains. They put them into dungeons, wherein were adders, and snakes, and toads; and so destroyed them. Some they placed in a crucet-house; that is, in a chest that was short and narrow, and not deep; wherein they put sharp stones, and so thrust the man therein, that they broke all the limbs. In many of the castles were things loathsome and grim, called ‘Sachenteges’, of which two or three men had enough to bear one. It was thus made: that is, fastened to a beam; and they placed a sharp iron [collar] about the man’s throat and neck, so that he could in no direction either sit, or lie, or sleep, but bear all that iron. Many thousands they wore out with hunger. I neither can, nor may I tell all the wounds and all the pains which they inflicted on wretched men in this land. This lasted the nineteen winters while Stephen was king; and it grew continually worse and worse. They constantly laid guilds on the towns, and called it “tenserie”; and when the wretched men had no more to give, then they plundered and burned all the towns; that well thou mightest go a whole day’s journey and never shouldest thou find a man sitting in a town, nor the land tilled. Then was corn dear, and flesh, and cheese, and butter; for none was there in the land. Wretched men starved of hunger. Some had recourse to alms, who were for a while rich men, and some fled out of the land. Never yet was there more wretchedness in the land; nor ever did heathen men worse than they did: for, after a time, they spared neither church nor churchyard, but took all the goods that were therein, and then burned the church and all together. Neither did they spare a bishop’s land, or an abbot’s, or a priest’s, but plundered both monks and clerks; and every man robbed another who could. If two men, or three, came riding to a town, all the township fled for them, concluding them to be robbers. The bishops and learned men cursed them continually, but the effect thereof was nothing to them; for they were all accursed, and forsworn, and abandoned. To till the ground was to plough the sea: the earth bare no corn, for the land was all laid waste by such deeds; and they said openly, that Christ slept, and his saints. Such things, and more than we can say, suffered we nineteen winters for our sins.” – Anglo-Saxon Chronicle (trans. Ingram & Giles)

Noble-heads-on-pikes timeNoble-heads-on-pikes time

Tetman Callis 2 Comments 5:42 am

“The king and the head men loved much, and overmuch, covetousness in gold and in silver; and recked not how sinfully it was got, provided it came to them. The king let his land at as high a rate as he possibly could; then came some other person, and bade more than the former one gave, and the king let it to the men that bade him more. Then came the third, and bade yet more; and the king let it to hand to the men that bade him most of all: and he recked not how very sinfully the stewards got it of wretched men, nor how many unlawful deeds they did; but the more men spake about right law, the more unlawfully they acted. They erected unjust tolls, and many other unjust things they did.” — From the entry for A.D. 1087, Anglo-Saxon Chronicle (trans. Ingram & Giles)

Don’t look now, it ain’t you or meDon’t look now, it ain’t you or me

Tetman Callis 2 Comments 5:40 am

“In a certain technoutopian view of the future, we are headed toward a post-property world. The shift from ownership to access is supposed to liberate us, enable greater sharing of resources, fuel human creativity, create more prosperity, and lead to greater equality. What we so often forget to ask, however, is who controls access? Who builds the highways?” – Whitney Erin Boesel, “Spotevangelism”