Archive for the ‘economy’ Category

Buy nothing day.

22 November, 2008

buynothing

November 28, 2008.

Annals of the Insipid.

11 July, 2008

I try to avoid reading stupid things. Sometimes, I cannot resist.

Take this Op-Ed, on the Hummer, by one Matthew DeBord, who, as far as I can tell, is best known for his writings on wine.

The last two paragraphs:

And here is where its symbolic fortitude is most threatened: For American life to work, the illusion of endless abundance must be maintained. Sure, we must adapt to a future of less-abundant natural resources. Our vehicles will need to become radically more efficient. But we require vestiges of the old dream to sustain our national optimism, which in turn nourishes our national character.

This is what GM owes us, and what the company owes itself — a ridiculous machine crammed with emotional content, the sort of contraption that Detroit has always done well but increasingly seems to have decided it is incapable of ever doing well again. What GM must remember is that, as much as competitors have altered they way we think about what we drive, it’s depressing to contemplate a future filled with dreary transportation appliances. Here and there, the grandiose legacy of a country in love with freedom of movement must be celebrated, even as we figure out new and more efficient ways to get around. Now, more than ever, we need Hummer, in all its defiant, obnoxious, thoroughly American glory.

UPDATE: See also.

The Big Squeeze

23 April, 2008

Link without comment.
Book excerpt in The New York Times: The Big Squeeze, by Steven Greenhouse.

One of the least examined but most important trends taking place in the United States today is the broad decline in the status and treatment of American workers — white-collar and blue-collar workers, middle-class and low-end workers — that began nearly three decades ago, gradually gathered momentum, and hit with full force soon after the turn of this century. A profound shift has left a broad swath of the American workforce on a lower plane than in decades past, with health coverage, pension benefits, job security, workloads, stress levels, and often wages growing worse for millions of workers.

That the American worker faces this squeeze in the early years of this century is particularly troubling because the squeeze has occurred while the economy, corporate profits, and worker productivity have all been growing robustly. In recent years, a disconcerting disconnect has emerged, with corporate profits soaring while workers’ wages stagnated.