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Category: Consumerism

America’s Drift toward Feudalism

America’s emergence in the eighteenth and nineteenth centuries represented a dramatic break from the past. The United States came on the scene with only vestiges of the old European feudal order—mostly in the plantation economy of the Deep South. There was no hereditary nobility, no national church, and, thanks to George Washington’s modesty, no royal…

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Rebuilding British Industry: A Plan for the Post-Brexit Economy

Today Britain finds itself in an odd position. In the wake of the vote to leave the European Union and its aftermath, the Conservative Party has been given a new mandate. A substantial portion of the voting public wants a more independent Britain to pursue national restoration and regeneration. On an emotional level, most of…

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Trivial Pursuit

It would not be possible in the space of even a lengthy review to do justice to either the scope or the style of Brooks and Papo­la’s cine­matic achievement. I can only share some of what I saw. After a brief credit sequence we meet “Arthur,” which is what I will call the Brooks-esque character in the film. (I am going to assume we are not quite meant to identify him with the real-life Brooks, who cannot possibly be as stupid and sinister by turns as this guy…

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Squaring the Circular Economy

Phillips and Rozworski are at their best in analyzing the scale and scope of central planning in economies dominated by large corporations. In doing so, they demonstrate the inadequacy of ideological debates premised on the opposition between “free markets” and a “command economy.” People’s Republic of Walmart also scores points against the dwindling band…

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Uber’s Path of Destruction

Since it began operations in 2010, Uber has grown to the point where it now collects over $45 billion in gross passenger revenue, and it has seized a major share of the urban car service market. But the widespread belief that it is a highly innovative and successful company has no basis in economic reality. An examination of Uber’s economics suggests that it has no hope of ever earning sustainable urban car service profits in competitive markets…

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The Return of the Hidden Persuaders

Critiques of advertising are back. Ten years ago, casual talk about how advertising influences behavior would have come across as weird and paranoid—the preserve of the online conspiracy fringe. Today it is everywhere. Leading journalistic outlets fret over something resembling mind control. Politicos talk in ominous tones of stolen elections and Manchurian candidates. And government…

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The Illusion of a “Marketplace of Ideas” and the Right to Truth

The traditional model of a “marketplace of ideas” was intended to justify freedom of speech in terms of its optimal outcome in the production of truth. But today our behavior on the internet, the main locus of the “marketplace of ideas,” is continuously monitored and processed through the analysis of big data. Complex algorithms categorize…

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The Open Office and the Spirit of Capitalism

It would be too much to say that the office is the prime locus of utopian aspirations in American life. But the claim wouldn’t be entirely misleading, either, and it might even shed some light on what the office actually is. From their earliest days as dingy counting houses in Boston and Manhattan, American offices have…

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Fear and the Renunciation of Politics

That fear has become politicized is widely recognized. Commentators and politicians frequently accuse their opponents of practicing “the politics of fear.” Those who use the idiom of the politics of fear, however, assume that the meaning of the term requires no explanation. Yet it is not simply a term of description; it is also used…

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“Getting Away with Murder”: Prescription Drug Coverage in America

Nine days before the presidential inauguration of Donald Trump, Vice President Elect Mike Pence strode to the press conference podium. He reviewed the transition team’s progress in nominating cabinet secretaries, but quickly turned his attention to the “concerted effort . . . to delegitimize this election and to demean our incoming administration.” Although pledging his…

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