free candies for all

Some stimulation can emerge from this article indeed. It wants to convince us that

European regulators are about to kill the digital media industry

While working on digitisation, and becoming increasingly aware of the fact that much it means that social property, namely data, are used for private gain, I am wondering if it is not time to think about free candies for all.

[from https://i.kinja-img.com/gawker-media/image/upload/s–_qErm2R8–/c_scale,fl_progressive,q_80,w_800/1514533461230255138.jpg]

Much of the debate is apparently misled, suggesting that we are mainly concerned with the protection of private data – leaving aside that there are some issues around this, I suggest that the main issue is the use of social data, i.e. public property. To me it seems to be a much more important point in question.

At least it is time to think seriously about the dangers of privatisation of everything, not being funny at all – this German language docu on privatisation of airlines and training of pilots

under the title

Die Schattenseite des “Traumberufs”

 

is definitely frightening.

How to write a bestseller and get a Pulitzer Award?

I am not sure if I missed something, or if it was just a rumor about some things that went wrong around that time?

What makes capital provision work so well in America is the security and regulation of our capital markets, where minority shareholders are protected. Lord knows, there are scams, excesses, and corruption in our capital markets. That always happens when a lot of money is at stake. What distinguishes our capital markets is not that Enrons don’t happen in America—they sure do. It is that when they happen, they usually get ex- posed, either by the Securities and Exchange Commission or by the business press, and get corrected. What makes America unique is not Enron but Eliot Spitzer, the attorney general of New York State, who has doggedly sought to clean up the securities industry and corporate board-rooms. This sort of capital market has proved very, very difficult to duplicate outside of New York, London, Frankfurt, and Tokyo. Said Foster, “China and India and other Asian countries will not be successful at innovation until they have successful capital markets, and they will not have successful capital markets until they have rule of law which protects minority interests under conditions of risk… We in the U.S. are the lucky beneficiaries of centuries of conditions of risk… We in the U.S. are the lucky beneficiaries of centuries of economic experimentation, and we are the experiment that has worked.”

From: Thomas L. Friedman: The World is Flat; New York: Picador: 2007: 332 f.

Well, the Friedmans, be it Thomas or Milton, don’t understand that we face what James Galbraith calls

The End of Normal: The Great Crisis and the Future of Growth

as reviewed here.
One important point is, and that is another way of thinking about the end of the normal, the need to question the normal or at least part of it. Three (we always strive for trinities) essential parts of the normal were: growth, growth, and some form of regulation – and indeed Friedman talks about such regulation. But what he does not say is that this had been about marginal forms of social distribution, limited control of excesses and in particular/not least about securing the conditions of and for growth. It is interesting that even this is now largely taken away. As we know since recently, namely the leak of the TISA-Annex on the Annex on State Owned Enterprises the role of securing the conditions of and for growth is now under the increasing pressure of being finally, formally and completely handed over to the ‘market’. This is globalisation not simply by imposing specific structures and conditions on other countries but by establishing the control
Freedom and democracy – the flattening of the world by fattening the few global players.

Does one ‘super-corporation’ run the global economy? Study claims it could be terrifyingly unstable

The Network of Global Corporate Control – Research Article

The Network of Global Corporate Control – Annex

Indeed, I took up on some of the issues of the supposedly flattened world not only recently in Havana (here for for a background paper), but now again during the Shanghai Forum, presenting on Growth and Development – Complement or Contradiction? Challenges for a Global Agenda– more information can be found here.

Hidden Slavery

Chrystia Freeland, in her book
mentions something interesting, a bit sublime perhaps, and subtle, but surely more shocking than all the calculations by beancounters as Piketty – though their work may also be of some importance – at least for those who prefer the wooden hammer info of numbers instead of approaching harsh reality shows of life. So, the reality, the real meaning is grasped in the book I just mentioned, talking about Eric Emerson Schmidt, whom wikipedia sees simply as “Software engineer and businessman” and his “interesting views”.

If you traveled to Mountain View to visit Eric Schmidt when he was CEO of Google, you would have found him in a narrow office barely big enough to hold three people. The equations on the whiteboard may well have been scribbled by one of the engineers who works next door and is welcome to use the chief’s office whenever he’s not in. And while it is okay to have a private jet in the Valley, employing a chauffeur is frowned upon. “Whereas in other cultures, you can drive your Rolls-Royce around and just sort of look rich and have a really good time, in technology it’s not socially okay to have a driver who drives you to work every day,” Schmidt told me. “I don’t know why, but you’ll notice nobody does it.”

This egalitarian style can clash with the Valley’s reality of extreme income polarization. “Many tech companies solved this problem by having the lowest-paid workers not actually be employees. They’re contracted out,” Schmidt explained. “We can treat them differently, because we don’t really hire them. The person who’s cleaning the bathroom is not exactly the same sort of person. Which I find sort of offensive, but it is the way it’s done.”

This is also mentioned in a presentation that is available on the web.
Doesn’t this remind a bit of the treatment of slaves – we are frequently shocked when thinking about the blunt ignorance of ancient times, or the slave trade in modern times. And we may be shocked (only “may be” as not all are) when we hear about migration and the fortress Europe. But the day-to-day trafficking within this system is easily ignored, not even recognised by so many.
I remember, taking part in a conference organised several years ago by the European Commission, taking place in Birmingham. The event’s concern: labour market and using the ESF as means for the integration of the weakest. During the conference dinner a friend of mine asked the waitress a few questions – about income, working conditions … We learned that the lady had been underpaid, and “on call”. Whenever she heard (short notice) that she would be “allowed” to work few hours she had to do it: “you can say “no” once, but surely not more. She had to look then for somebody taking care of her little boy.
All this surely appalling – but it came worse: We went to somebody from the Commission – the organiser. “We cannot do anything. This service had been advertised. We looked for the best bid – and we can only check the technical correctness ….”
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Switching scene, back to Eric Schmidt. Wikipdia also lets us know:

Schmidt was a campaign advisor and major donor to Barack Obama and served on Google’s government relations team. Obama considered him for Commerce Secretary. Schmidt was an informal advisor to the Obama presidential campaign and began campaigning the week of October 19, 2008, on behalf of the candidate. He was mentioned as a possible candidate for the Chief Technology Officer position, which Obama created in his administration. After Obama won in 2008, Schmidt became a member of President Obama’s transition advisory board. He proposed that the easiest way to solve all of the problems of the United States at once, at least in domestic policies, is by a stimulus program that rewards renewable energy and, over time, attempts to replace fossil fuels with renewable energy.

He has since become a new member of the President’s Council of Advisors on Science and Technology PCAST.

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Switching scene, back to Europe again: there is something in all this, that reminds me of an article I read recently, talking about refugees and consumerism. The main argument: The crisis is not least a warning that we have to move away from consumerist attitudes – a bit of solidarity as sharing attitude. Yes, may be there is some truth also in that. But to be honest, the baseline of it is in my view not much more than a left good-doer attitude, not looking FIRST AND FOREMOST at the untouched relations and mode of production. The comments on the article are actually quote telling, and though I agree on many issues with the author, I see (and disagree) as well with the “quasi-religious attitude” behind it, pleading nolens volens for all of us tightening the belt …. Eating less meat and vegetarianism does not make a revolution.
And thus it easily leaves the old patterns intact – the following little episode could well be one that we find referred to in the works of Milton Friedman – I had been revisiting his work recently more or less extensively. There is no free lunch – but the “free market” surely guarantees that inequality remains:
In the journal distributed in Italian trains I saw this ad for luxurious transport bytrain:
Later then, in the same travel journal, the editorial or a dedication presented the move to make train stations public, offering space for those most in need – yes, and it is even free of charge:
And next to it again a fancy ad – but we know such clash from earlier. So to say, the free lunch, falling from the table of the super-rich ….
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Switching scene, back to the world.
Currently we can follow the UN-debates on the New Sustainability Goals.
Ecuador’s President Rafael Correa made some valid and crucially important points in his speech, highlighting the necessity to change the foundations of the current system – not by changing the determinants of exchange (more just etc.), but by changing the foundations of the current system. And these foundations are not about changes of norms, of consumerism etc.: they are about the change of the mode of production. And though we are talking (rightly) about globalisation, and even if we criticise war-mongering, we forget that nationalism is still one of the fundamental features of the current system. It causes the externalisation of cost; and it causes the ongoing debate on migration as matter of “accommodating people from other countries” instead of acknowledging the need for a more fundamental re-thinking, looking for
human mobility laws based on human rights
In his speech, Correa  also criticises “social minimum approaches”, vehemently arguing for the need of moving to social maxima.
Indeed, religion, also in a modernised form, will not get us anywhere. Dealing with distribution, has to be about production.