Tuesday, February 28, 2006

On a side note...

Breaking slightly from my economic rants I pose a question: What are the gender roles associated with student behavior in the college setting?

Today I was put in a somewhat awkward situation- actually scratch that perhaps the situation wasn't awkward so much as the fact that it was the first time I was ever in the siutation which made it awkward.

Its almost time for mid-terms and like most other college students I'm begging the grulling process of cramming and reviewing the first half of the semester. Luckily most of my classes are pretty straight forward and I'm confident I will not have much difficulty with the exams. My Latin American Politics class, however, is the exception. Its an upper-level course adn very extensive. In a few weeks we have covered almost the entire history of Latin America in respect to government, economics, society, and religion. As you can imagine there is a TON of information that coudl be considered relevant and important and therefore testable. To aid myself this weekend I endeavored to creat a study guide, one which I might add I am very proud of, I decided after completing it that I would show it to my professor so that he can make currections or suggestions. So today after class, as the other students surged out the door, I approached. My proffessor is very appraochable, very willing to help students I wasn't afraid that he would lash out. He was actually glad to see that I had gone the extra mile, however while he was reviewing the 8 pages of terms and short answer questions I felt like I was under a microscope- not be judge by my professor but by my peers. I felt some how immasculated because I was asking my professor for help. I was afraid that someone might think of me as weaker, academically, and that some how my contirbutions to in class discussions would be discredited. Now that I look back, I am offended that I would be made to feel that way. I come to school to learn, part of that is asking for help, why should I feel bad for taking advantage of it? Perhaps the reason why I felt so uncomfortable is because in my observations the majority of students who talk to their proffessors after class are female. Most of my male counterparts seem to exude their manhood in their ability to shrugg off the professor.

I don't know...just something I'm thinking about...anyone else ever observe this?

Saturday, February 25, 2006

Distribution of Wealth

Ever think about who owns what? How much of the pie does everyone get? Wealth distribution can be comically tragic, and an indicator what may be instore for us.

According to Edward N Wolff in 1976 the top 1% of the population in the U.S. controlled 21.8% of the wealth, followed by the next 9% controlling 43.6% of the wealth. The bottom 90% controlled 34.6% of the wealth. In 1998 the top 1% controlled 38.1% , the next 9% controlled 32.8% and the bottom 90% controlled 29.1%
(Faireconomy.org offers an easy to read chart of this same information: http://www.faireconomy.org/research/Economic_Apartheid_Data.html)

Looking at information like only fortifies the saying "the rich get richer". So in begging the question, I must ask: "Whoes American Dream?"

Friday, February 24, 2006

Unfair definition?

Throughout the last week I have been considering my definition of capitalism. Perhaps my definition is unfair, it can be argued that it's not captialism that exploits however it is the capitalist, the "Power Elite" as C. Wright Mills calls them. In my last post I concluded that we must hold the companies and individuals who exploit us accountable for their exploitations, this is the basis for my reconsideration of the definition.

Capitalism is a system, a theory if you will, and in its basic principles it is not a bad thing. Perhaps it is our execution of capitalism which is better defined as the exploitation of the environment, workers, and consumers.

How can I point my finger at the system when it is the executors who are responsible? As with plays you cannot discredit a script because of poor direction or poor actors, so can I not discredit capitalism without fully examining its script.

Just something for me to think about I guess...

Monday, February 20, 2006

Exploitation

How does exploitation play into my definition of capitalism? How is it that capitalism exploits the environment, workers, and consumers? Most of us I'm sure have seen or heard reports of the horrific effects that the production of most goods have on our environment. From air pollution, and chemical and toxic run-off into water supplies, the slash-and burn deforestation of rain forests and wood lands around the globe it is relatively simple to conclude that to produce something on a large scale generally has adverse effects on the biosphere. It is also not uncommon to hear about the various atrocities suffered by workers world wide. Sweatshops and starvation-wages are some of the most common ways to exploit workers. It would be impossible for me to sum up the plight of the exploited worker in one simple blog, there have been thousands of books, articles and documentaries produced depicting the horrors of the 3rd world laborer. In a business sense however the explanation is very simple, to make the most profit you must produce your product or offer your service with the least amount of over-head possible. Low wages, poor benefits packages, and restrictions on over-time pay and sick leave (where available) are the most common ways to lower over-headed in relation to labor costs. In many situation where the bottom-line is the most important factor it is not uncommon to see lax or non-existent policies on workplace safety, and also less environmentally sound policies. In business, unfortunately, it isn't enough to simply produce at the lowest possible cost, to maximize profits you must also charge the highest possible amount which will be accepted by the consumer. This leads me to the often omitted exploitation of the consumer.

On a daily basis most American's are bombarded with advertisements. Billboards, television and radio commercials,and print ads in magazines and newspapers are traditional weapons used by marketing agencies in the war for market share. The basic purpose of most advertising campaigns is in effect to convince the consumer to buy an item or a service which they do not necessarily need to function or survive in society. Organizations and researchers have conducted many studies of the content of marketing campaigns in relation to the product being sold. Often times it has been concluded that most advertisements offer little information about the performance or product features and instead tantalizing the consumer with images designed to dazzle and hook potential buyer into a purchase. Advertisers exploit the pyschology of consumers to bolster sales and increase revenue.

One of my favorite examples of consumer exploitation and be found in the check outline. Cosomo, Red Book, Seventeen, Ladies Home Journal, Good House Keeping, all magazines with bright colors and attractive models, enticing us with their insights into the world of fashion, food, and entertainment. Priced acceptably around $4 each the magazines are a cheap and easy way for the busy college-student, working-mother or house-wife to catch up on the latest trends. However, do you really think these magazines pay the bills simply from magazine sales? These magazines have found their niche in our service based economy by providing a direct pipeline from manufactures to consumers. Companies pay hundreds of dollars to run full page ads attempting to pursued you to buy their products. After all, if Cosmo is allowing it in their magazine is must be worth buying! Designers and manufacturers also send hundreds of products to columnist simply as "perks" hoping to sway their opinions. So what are the effects of subscribing to this $4/issue pipeline? Well if the advertisers get their way that $4 will be multiplied tens and hundreds of times in your purchases of CD, movies, concert tickets, clothing, make-up, cleaning products, and technology.

In the end we realize that in everything we do we are either spending money or being persuaded to spend our money. This is just one way we the consumers are being exploited.

Other forms of consumer exploitation can be considered more devious and damaging. Every time a company releases a product with unknown side effects, or a product that may potentially harm us we are being exploited. Everytime a farmer injects an animal with grow hormones to speed growth and size of his profits we are being exploited. With girls sometimes as young as 9 or 10 menstruating and developing breasts and increased cancer rates we must conclude, in effect, that it is "something in the water". When a person or company decides to increase their wealth by providing goods or services to us, the consumers, they must be held accountable and it is our responsibility to be sure they are.

You don't have to take my word for it though. Research it for yourselves. Watch movies like The Corporation, read Karl Marx's Das Kapital he wrote about commodity fethishism and the dangers of capitalism almost 150 years ago, and simply look around you. Think about the things you see, hear and experience. How are you effected by capitalism both good and bad?

Defining Capitalism

To begin the journey we should first know where it is we are going. You wouldn't wake up one morning and say "I think I want to go to Texas" without knowing first of all where Texas is and perhaps how to get there. Therefore I think it's only logical that I first define this system we call Capitalism.

capitalism -- an economic system based on private ownership of the
means of production. Under capitalism, individuals, companies or corporations
invest in, own, and share in profits (or losses) of the entities that produce
goods, distribute products or provide services.
source: OTS glossary, US Department of Treasury: http://www.ots.treas.gov/glossary/gloss-c.html

A standard definition, but it does not describe the capitalist system. One might argue however, that the purpose of a definition is not to describe but identify which is true. When applying that definition to the United States I would have to agree that the U.S. is a capitalist system and I can now begin my journey and report my observations. However, I am not new to this country nor to the capitalist system. I have lived here, in it for my entire life. For 21 years I have participated in capitalism in many ways, I have been both a victim and benefactor of the system. Therefore I do not feel presumptuous to define Capitalism as I have witnessed it:

Capitalism -- the relentless pursuit of profit through the exploitation of the environment, workers, and consumers.
It is my purpose to record through this blog my observations of capitalism and in effect explain my rational behind my definition of capitalism.