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Showing posts from March 17, 2002
Remora James Kenneth Galbraith � the Galbraiths are our favorite dynasty, much superior to the Kennedys and the Bushies � has a nice article in Daedalus entitled A perfect crime: Inequality in the age of globalization. Unfortunately, the article isn�t available on the web, but here are Galbraith�s points: 1. An old view of development and income inequality held that there was a archetypal pattern that applied to developing economies, in which a primitive stage of industrialization would correspond to an increase in income inequality, which would then begin to level out as the economy matured. 2. This view was disputed in the eighties and nineties, and displaced by a cultural view, which held that one should concentrate on land holding, the level of protectionism, the willingness to sacrifice for an advantageous export position, and so on. 3. Galbraith gives us evidence to think that the older view is more realistic. Furthermore, he holds that the increase in global in
Dope The Odd, Old decencies Lefty nostalgia always makes Limited Inc nervous. It makes sense that it is rampant: another defeated ideology compensating for losing the future by claiming the past. Alas, these consolation prizes don't bring much comfort. That said, I am as wet eyed about the world we've lost as any old Wobbly. I've been reading Richard Lourie's biography of Andrei Sakharov for a review, and I was struck by one passage. When Sakharov met Brezhnev, who was, at that time, the Commisar for military research, Brezhnev told him a story. In his father's opinion, Brezhnev said, the people who invented new weapons should be hung from gallows on hills, pour encourager les autres. Brezhnev, of course, didn't follow his Dad's advice. Still, Brezhnev's daddy was just displaying sans culottes common sense, if you ask LI. The feeling of a value beyond the value of political or economic power -- well, it dies a little every day. But we still cat
Remora The fight about Intellectual Property goes on. Listen to the shots outside your window in the lonely night, listen to the sirens coming closer. Converts to the Open source idea, which is also the idea of the commons, come out of their closets, in the business world, are attacked, and then go back in. One such is the Michael Capellas, CEO of Compaq, who made a slip the other day. He was speaking before a biotech conference in Boston. Here's a couple of grafs from the Globe report: "The hundreds of biotech executives and venture capitalists at yesterday's conference hope to make immense profits by turning that processed data into salable products. Some aim to do this by obtaining patents on genetic information that they discover along the way. But this is a controversial idea, with some critics arguing that because genes are a part of nature, businesses shouldn't be able to own them. In a comment that stunned the audience into several seconds of silence, Cap
Remora Limited Inc has been quiet about the Middle East for a while. Since despair is the only rational response to the confluence of American inanity and Sharon's wet dream of a frontier war, we've been driven into internal exile on this one. Still, even in the sea of distant bloodshed, there are humorous points to be made. LI has particularly liked the new patriotic strategy of the American press. As Quick Dick Cheney makes his grand tour of the world, '002 (get your t shirts now!) the NYT in particular has been interlarding every article with assurances that the unanimous hostility of both Arabs and Europeans to Bush's potential cavalry op in the badlands of Iraq conceals unamimous agreement with every burp and growl of the Heimat's foreign policy. This is truly a unique defense. We have to go way back to the Soviet-German peace treaty to find rhetoric that peculiar in the foreign policy sphere. Not that circular logic doesn't have a good and honorabl