Tag: #capitalism

  • Europe’s Super League is a Mistake

    I have been following the Premier League for the past couple of years, and specifically supporting Tottenham Hotspur for the past three. I have watched them change mangers twice, get to the finals of the Champions League, got really annoyed when they didn’t re-sign Eriksen, got totally confused as to why Dele isn’t playing, and got really happy with the Kane/Son duo on the pitch. I even paid for Peacock so I could watch matches, and have tried to read up on the history of the team, so I at least have a bit of a knowledge to build off of.

    So, when the Super League was announced on Sunday, I had a resigned disappointment. Here is an explainer from the New York Times. Long story short, 12 of the biggest football clubs in Europe are forming a new league, and outside of these 12 teams making a whole lot of money, there really isn’t much benefit for anyone else. The Super League will kill off smaller clubs, actually eliminates competition, and just reeks of greed.

    And as an American, I just want to say, “Your welcome, European football fans!” Yup, we are great at greed and capitalism when it comes to ruining sports. I love baseball, but there is no mystery to that sport; whoever spends the most wins. Why don’t baseball clubs just announce how much they are planning on spending, and then the top 16 teams just play each other for the championship? It would cut out the pesky middle man, which is that boring summer season. There is no real competition during the baseball season, the playoffs is where all the action is, and money determines it.

    Which is what the Super League is. They have decided that their home leagues are meaningless, and having to deal with competition from smaller clubs is just getting in the way. The difference is in America, we still perpetrate the lie, while Europe is coming around to the truth; this isn’t about sports, it’s about making money.

    Again, you’re welcome Europe!

  • The New Normal: The Job of Staying Home

    I over slept this morning, by thirty minutes. In this world we live in, it felt like I lost the entire morning. I was a half hour late on getting things started around the apartment.

    I had to quickly suck down a cup of coffee, shower, change and winter up so I could walk the dog in the twenty-degree cold that was this morning. Hurry, hurry, hurry, because I still had to get the kid ready for remote school, and when I got back home with the dog, the kid informed me that I don’t have a job, and need to get one.

    “You’re my job,” I said.

    “That’s not a real job,” The kid told me.

    Ah… the curse of the stay at home parent; no one thinks it’s a real job, even your kid.

    Is this the effect of capitalism on our society? If the endeavor does not earn capital, does it have a value in our society? I mean, this is not a new question, as I remember hearing this being asked when I was a little kid. That would mean, that over thirty-five years, stay at home parenting is still not viewed as a productive job that has a value.

    Or is this a matter of roles in a household? As in, the wife and I have always been working since the kid has been born. The child has only known us to be a family where mom and dad both have jobs outside of the home, and then share the responsibilities of all the domestic tasks. With the world turn upside down, did we ever take the time to explain to the kid what the new make-up of our family roles will be?

  • Morality in Economics

    I read David Brooks today, and call me crazy, I think that this conservative guy is slowly becoming liberal. I will thank Trump for that, but more importantly, I welcome David to the party.

    I took the point of his piece, which was that America business needs to get its morality back in check. Think about employees, customers, and the communities they exist in, and not just the bottom line, shareholders, and stock value.

    Is this the first crack in the Conservative love of all things that came out of Milton Friedman’s mouth?

    I have held, and said many times, that Friedman’s approach and the way he viewed capitalism was destructive to all of us. I always felt that Friedman’s failure was rooted in the idea that an individual or corporation would “pay by the rules” in their quest for capital, and no one would cheat. The truth of the matter is that if there is money to be made, someone, inevitably will cheat, and someone gets hurt.

    Also, Friedman thought that governments should get out of the way and let companies do what they do. He thought all companies would want deregulation, but what he missed was that companies want regulation on everyone else, just not them. That’s why there is a weird revolving door with CEOs and executives getting named as heads of regulation organizations. (FCC, FDA, ect…)

    In a philosophical sense, I believe that all economics are based in emotions and not in logic. Economies are not math, it is not a science; it is completely man made, and as such, will behave illogically often to meet its desired ends. To put a morality on top of capitalism is a neat idea, and to do that, you need some agreed upon regulations.

    Welcome to the party, David.

  • After Thanksgiving

    I have never really understood the excitement of Black Friday. I understand that there are people out there who love to hunt for a bargain, and who treat shopping like a sport. Fine, that’s your bag, and go to town with it.

    Since the advent of online shopping, which I guess was the late 90’s, it now feels like we have this almost week-long celebration of consumerism that is covers Black Friday to Cyber Monday… 4 Amazing Days of Shopping!!! There have been stories in the news for over a week of how much money will be spent, and how to find the best deals. I would not be surprised that in 50 years we will have a new holiday that comes out of Thanksgiving and is all about shopping. The government shuts down, and there will be no taxes, and it will be like the Purge, but for capitalism.

    A friend of mine from college, Lori Fox who is an artist and jewelry designer, put the following picture up on her Instagram page…

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    Her statement that accompanied the image is as follows:

    “Think before you buy- it’s not a “good deal” if you don’t need it. Thanks @adbusters.magazine and @makesmthng for helping raise awareness about our often mindless consumption that leads to so much environmental waste and pollution. Be aware this holiday season 👀Have you started any new holiday traditions in your family that don’t involve buying loads of new stuff?”