#27-10-2022

[mikeywayarchive]

mychemicalromance: Our Facebook got hacked....so....don't believe everything you read!

[Jul 27, 2024]

[glimmerofawesome]

[andromedartss]

farmer

suggested by @sephville !

[fatliberation]

they have a point though. you wouldn't need everyone to accommodate you if you just lost weight, but you're too lazy to stick to a healthy diet and exercise. it's that simple. I'd like to see you back up your claims, but you have no proof. you have got to stop lying to yourselves and face the facts

Must I go through this again? Fine. FINE. You guys are working my nerves today. You want to talk about facing the facts? Let's face the fucking facts.

In 2022, the US market cap of the weight loss industry was $75 billion [1, 3]. In 2021, the global market cap of the weight loss industry was estimated at $224.27 billion [2]. 

In 2020, the market shrunk by about 25%, but rebounded and then some since then [1, 3] By 2030, the global weight loss industry is expected to be valued at $405.4 billion [2]. If diets really worked, this industry would fall overnight. 

1. LaRosa, J. March 10, 2022. "U.S. Weight Loss Market Shrinks by 25% in 2020 with Pandemic, but Rebounds in 2021." Market Research Blog. 2. Staff. February 09, 2023. "[Latest] Global Weight Loss and Weight Management Market Size/Share Worth." Facts and Factors Research. 3. LaRosa, J. March 27, 2023. "U.S. Weight Loss Market Partially Recovers from the Pandemic." Market Research Blog.

Over 50 years of research conclusively demonstrates that virtually everyone who intentionally loses weight by manipulating their eating and exercise habits will regain the weight they lost within 3-5 years. And 75% will actually regain more weight than they lost [4].

4. Mann, T., Tomiyama, A.J., Westling, E., Lew, A.M., Samuels, B., Chatman, J. (2007). "Medicare’s Search For Effective Obesity Treatments: Diets Are Not The Answer." The American Psychologist, 62, 220-233. U.S. National Library of Medicine, Apr. 2007.

The annual odds of a fat person attaining a so-called “normal” weight and maintaining that for 5 years is approximately 1 in 1000 [5].

5. Fildes, A., Charlton, J., Rudisill, C., Littlejohns, P., Prevost, A.T., & Gulliford, M.C. (2015). “Probability of an Obese Person Attaining Normal Body Weight: Cohort Study Using Electronic Health Records.” American Journal of Public Health, July 16, 2015: e1–e6.

Doctors became so desperate that they resorted to amputating parts of the digestive tract (bariatric surgery) in the hopes that it might finally result in long-term weight-loss. Except that doesn’t work either. [6] And it turns out it causes death [7],  addiction [8], malnutrition [9], and suicide [7].

6. Magro, Daniéla Oliviera, et al. “Long-Term Weight Regain after Gastric Bypass: A 5-Year Prospective Study - Obesity Surgery.” SpringerLink, 8 Apr. 2008. 7. Omalu, Bennet I, et al. “Death Rates and Causes of Death After Bariatric Surgery for Pennsylvania Residents, 1995 to 2004.” Jama Network, 1 Oct. 2007.  8. King, Wendy C., et al. “Prevalence of Alcohol Use Disorders Before and After Bariatric Surgery.” Jama Network, 20 June 2012.  9. Gletsu-Miller, Nana, and Breanne N. Wright. “Mineral Malnutrition Following Bariatric Surgery.” Advances In Nutrition: An International Review Journal, Sept. 2013.

Evidence suggests that repeatedly losing and gaining weight is linked to cardiovascular disease, stroke, diabetes and altered immune function [10].

10. Tomiyama, A Janet, et al. “Long‐term Effects of Dieting: Is Weight Loss Related to Health?” Social and Personality Psychology Compass, 6 July 2017.

Prescribed weight loss is the leading predictor of eating disorders [11].

11. Patton, GC, et al. “Onset of Adolescent Eating Disorders: Population Based Cohort Study over 3 Years.” BMJ (Clinical Research Ed.), 20 Mar. 1999.

The idea that “obesity” is unhealthy and can cause or exacerbate illnesses is a biased misrepresentation of the scientific literature that is informed more by bigotry than credible science [12]. 

12. Medvedyuk, Stella, et al. “Ideology, Obesity and the Social Determinants of Health: A Critical Analysis of the Obesity and Health Relationship” Taylor & Francis Online, 7 June 2017.

“Obesity” has no proven causative role in the onset of any chronic condition [13, 14] and its appearance may be a protective response to the onset of numerous chronic conditions generated from currently unknown causes [15, 16, 17, 18].

13. Kahn, BB, and JS Flier. “Obesity and Insulin Resistance.” The Journal of Clinical Investigation, Aug. 2000. 14. Cofield, Stacey S, et al. “Use of Causal Language in Observational Studies of Obesity and Nutrition.” Obesity Facts, 3 Dec. 2010.  15. Lavie, Carl J, et al. “Obesity and Cardiovascular Disease: Risk Factor, Paradox, and Impact of Weight Loss.” Journal of the American College of Cardiology, 26 May 2009.  16. Uretsky, Seth, et al. “Obesity Paradox in Patients with Hypertension and Coronary Artery Disease.” The American Journal of Medicine, Oct. 2007.  17. Mullen, John T, et al. “The Obesity Paradox: Body Mass Index and Outcomes in Patients Undergoing Nonbariatric General Surgery.” Annals of Surgery, July 2005. 18. Tseng, Chin-Hsiao. “Obesity Paradox: Differential Effects on Cancer and Noncancer Mortality in Patients with Type 2 Diabetes Mellitus.” Atherosclerosis, Jan. 2013.

Fatness was associated with only 1/3 the associated deaths that previous research estimated and being “overweight” conferred no increased risk at all, and may even be a protective factor against all-causes mortality relative to lower weight categories [19].

19. Flegal, Katherine M. “The Obesity Wars and the Education of a Researcher: A Personal Account.” Progress in Cardiovascular Diseases, 15 June 2021.

Studies have observed that about 30% of so-called “normal weight” people are “unhealthy” whereas about 50% of so-called “overweight” people are “healthy”. Thus, using the BMI as an indicator of health results in the misclassification of some 75 million people in the United States alone [20]. 

20. Rey-López, JP, et al. “The Prevalence of Metabolically Healthy Obesity: A Systematic Review and Critical Evaluation of the Definitions Used.” Obesity Reviews : An Official Journal of the International Association for the Study of Obesity, 15 Oct. 2014.

While epidemiologists use BMI to calculate national obesity rates (nearly 35% for adults and 18% for kids), the distinctions can be arbitrary. In 1998, the National Institutes of Health lowered the overweight threshold from 27.8 to 25—branding roughly 29 million Americans as fat overnight—to match international guidelines. But critics noted that those guidelines were drafted in part by the International Obesity Task Force, whose two principal funders were companies making weight loss drugs [21].

21. Butler, Kiera. “Why BMI Is a Big Fat Scam.” Mother Jones, 25 Aug. 2014. 

Body size is largely determined by genetics [22].

22. Wardle, J. Carnell, C. Haworth, R. Plomin. “Evidence for a strong genetic influence on childhood adiposity despite the force of the obesogenic environment” American Journal of Clinical Nutrition Vol. 87, No. 2, Pages 398-404, February 2008.

Healthy lifestyle habits are associated with a significant decrease in mortality regardless of baseline body mass index [23].  

23. Matheson, Eric M, et al. “Healthy Lifestyle Habits and Mortality in Overweight and Obese Individuals.” Journal of the American Board of Family Medicine : JABFM, U.S. National Library of Medicine, 25 Feb. 2012.

Weight stigma itself is deadly. Research shows that weight-based discrimination increases risk of death by 60% [24].

24. Sutin, Angela R., et al. “Weight Discrimination and Risk of Mortality .” Association for Psychological Science, 25 Sept. 2015.

Fat stigma in the medical establishment [25] and society at large arguably [26] kills more fat people than fat does [27, 28, 29].

25. Puhl, Rebecca, and Kelly D. Bronwell. “Bias, Discrimination, and Obesity.” Obesity Research, 6 Sept. 2012. 26. Engber, Daniel. “Glutton Intolerance: What If a War on Obesity Only Makes the Problem Worse?” Slate, 5 Oct. 2009.  27. Teachman, B. A., Gapinski, K. D., Brownell, K. D., Rawlins, M., & Jeyaram, S. (2003). Demonstrations of implicit anti-fat bias: The impact of providing causal information and evoking empathy. Health Psychology, 22(1), 68–78. 28. Chastain, Ragen. “So My Doctor Tried to Kill Me.” Dances With Fat, 15 Dec. 2009. 29. Sutin, Angelina R, Yannick Stephan, and Antonio Terraciano. “Weight Discrimination and Risk of Mortality.” Psychological Science, 26 Nov. 2015.

There's my "proof." Where is yours?

[remembertheplunge]

10/27/2022 Thursday 8:44pm

While sorting journals in the den, I put on an Alan Watts You Tube pod cast. 

Alan said “You don’t have to go on because you are “it”.

I’ve realized lately that humans are points of consciousness. Like an island, we are connected below to the universal consciousness which, on death, we will return to—or assimilate with.

Thomas Moore said that in dreams, our soul leaves the body and goes some place—to the place in dreams.

I like that.

Dreams seem so real.

And, in dreams, there is no memory of this world, of this story line.

This world informs the dream, but, does not otherwise exist to the dream.

End of this part of the entry

Note: Alan Watts was a philosopher who died in 1973. What he meant when he said "you don't have to go on" is that you don't have to go on living. He was not advocating suicide. he was was saying we are of value and of worth whether we go on or not.

Thomas Moore is an author. He wrote the book "Care of the Soul." He and Alan can be found on You Tube.

[batboyblog]

Things the Biden-Harris Administration Did This Week #32

August 30-September 6 2024.

President Biden announced $7.3 billion in clean energy investment for rural communities. This marks the largest investment in rural electrification since the New Deal. The money will go to 16 rural electric cooperatives across 23 states Alaska, Arizona, California, Colorado, Florida, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Montana, Nebraska, New Jersey, New Mexico, Nevada, North Dakota, Ohio, Pennsylvania, South Dakota, Texas, Wisconsin, and Wyoming. Together they will be able to generate 10 gigawatts of clean energy, enough to power 5 million households about 20% of America's rural population. This clean energy will reduce greenhouse emissions by 43.7 million tons a year, equivalent to removing more than 10 million cars off the road every year.

The Biden-Harris Administration announced a historic 10th offshore wind project. The latest project approved for the Atlantic coast of Maryland will generate 2,200 megawatts of clean, reliable renewable energy to power 770,000 homes. All together the 10 offshore wind projects approved by the Biden-Harris Administration will generation 15 gigawatts, enough to power 5.25 million homes. This is half way to the Administration's goal of 30 gigawatts of clean offshore wind power by 2030.

President Biden signed an Executive Order aimed at supporting and expanding unions. Called the "Good Jobs EO" the order will direct all federal agencies to take steps to recognize unions, to not interfere with the formation of unions and reach labor agreements on federally supported projects. It also directs agencies to prioritize equal pay and pay transparency, support projects that offer workers benefits like child care, health insurance, paid leave, and retirement benefits. It will also push workforce development and workplace safety.

The Department of Transportation announced $1 billion to make local roads safer. The money will go to 354 local communities across America to improve roadway safety and prevent deaths and serious injuries. This is part of the National Roadway Safety Strategy launched in 2022, since then traffic fatalities have decreased for 9 straight quarters. Since 2022 the program has supported projects in 1,400 communities effecting 75% of all Americans.

The Department of Energy announced $430 million to support America's aging hydropower. Hydropower currently accounts for nearly 27% of renewable electricity generation in the United States. However many of our dams were built during the New Deal for a national average of 79 years old. The money will go to 293 projects across 33 states. These updates will improve energy generation, workplace safety, and have a positive environmental impact on local fish and wildlife.

The EPA announced $300 million to help support tribal nations, and US territories cut climate pollution and boost green energy. The money will support projects by 33 tribes, and the Island of Saipan in the Northern Mariana Islands. EPA Administer Michael S. Regan announced the funds along side Secretary of the Interior Deb Haaland in Arizona to highlight one of the projects. A project that will bring electricity for the first time to 900 homes on the Hopi Reservation.

The Biden-Harris Administration is investing $179 million in literacy. This investment in the Comprehensive Literacy State Development Grant is the largest in history. Studies have shown that the 3rd grade is a key moment in a students literacy development, the CLSD is designed to help support states research, develop, and implement evidence-based literacy interventions to help students achieve key literacy milestones.

The US government secured the release of 135 political prisoners from Nicaragua. Nicaragua's dictator President Daniel Ortega has jailed large numbers of citizens since protests against his rule broke out in 2018. In February 2023 the US secured the release of over 200 political prisoners. Human rights orgs have documented torture and sexual abuse in Ortega's prisons.

The Justice Department announced the disruption of a major effort by Russia to interfere with the 2024 US Elections. Russian propaganda network, RT, deployed $10 million to Tenet Media to help spread Russian propaganda and help sway the election in favor of Trump and the Republicans as well as disrupting American society. Tenet Media employs many well known conservative on-line personalities such as Benny Johnson, Tim Pool, Lauren Southern, Dave Rubin, Tayler Hansen and Matt Christiansen.

Vice-President Harris outlined her plan for Small Businesses at a campaign stop in New Hampshire. Harris wants to expand from $5,000 to $50,000 tax incentives for startup expenses. This would help start 25 million new small business over four years.

[artsymeeshee]

Oh wow it's been *checks watch* since July of 2022 since the last page of Instinct. I think it's been long enough. We finally have finished what I consider the rescue arc. The next is the last arc and Instinct will official be done. Thank you guys for sticking with it, despite the many hiatuses it went through. :')

pg.1/pg.2/pg.3/pg.4/pg.5/pg.6/pg.7/pg.8/pg.9/pg.10/pg.11/pg.12/pg.13/pg.14/pg.15/pg.16/pg.17/pg.18/pg.19/pg.20/pg.21/pg.22,pg.23/pg.24/pg.25,pg.26/pg.27,pg.28/pg.29/pg.30/pg.31,pg.32/pg.33,pg.34.pg.35/pg.36,pg.37,pg.38/pg.39/pg.40/pg.41/pg.42/pg.43/pg.44/pg.45/pg.46/pg.47/pg.48/pg.49/pg.50/pg.51/pg.52,pg.53/pg.54/pg.55,pg.56/pg.57/pg.58/pg.59/pg.60/pg.61

[liatkolink]

For people still in denial whether Israel has committed war crimes, here is a comprehensive list of war crimes Israel has committed both before and after Operation Al-Aqsa Flood, the list being taken from the Wikipedia article of war crimes with some notable missing examples being the usage of chemical weapons, famine, disease and apartheid. The 7th of October attack did not occur in a vacuum, but is the product of decades of Israel not being held accountable for its war crimes.

Killing civilians:

Israel/Palestine: Unlawful Israeli Airstrikes Kill Civilians by Human Rights Watch on 15/Jul/2014

‘Not a normal war’: doctors say children have been targeted by Israeli snipers in Gaza – The Guardian on 2/Apr/2024

Israeli attack on Rafah tent camp kills 45, prompts international outcry by Reuters on 27/May/2024

Intentionally killing PoWs:

Israel’s Hush-Up Machine in Action: Denying Story Israel Executed Egyptian Prisoners by Washington Report on Middle East Affairs on 8/Apr/2010

Torture:

Israeli government report admits systematic torture of Palestinians by The Guardian on 10/Feb/2000

Israel/OPT: Horrifying cases of torture and degrading treatment of Palestinian detainees amid spike in arbitrary arrests by Amnesty International on 8/Nov/2023

Israel: Palestinian Healthcare Workers Tortured by Human Rights Watch on 26/Aug/2024

Taking hostages:

Infographic: How many Palestinians are imprisoned by Israel? by AlJazeera on 17/Apr/2022

The thousands of Palestinians Israel arrests, tortures, holds even in death by AlJazeera on 17/Apr/2024

UN report: Palestinian detainees held arbitrarily and secretly, subjected to torture and mistreatment by the United Nations Human Rights Office of the High Commissioner on 31/Jul/2024

Unnecessarily destroying civilian property:

Israel destroys Gaza tower housing AP and Al Jazeera offices by Reuters on 15/May/2021

Israel targets infrastructure in Gaza to ramp up civilian pressure on Hamas, report claims by PBS News on 11/Dec/2023

Widespread destruction by Israeli Defence Forces of civilian infrastructure in Gaza by the United Nations Human Rights Office of the High Commissioner on 8/Feb/2024

Deception by perfidy:

Israeli soldier gives 74-year-old Palestinian woman water then shoots her in the head by Middle East Monitor on 20/Jan/2015

Israeli special forces disguised as doctors kill three militants at West Bank hospital by The Guardian on 30/Jan/2024

NBC News investigation reveals Israel strikes on Gaza areas it said were safe by NBC News on 26/Apr/2024

Wartime sexual violence:

Stripped, beaten and blindfolded: new research reveals ongoing violence and abuse of Palestinian children detained by Israeli military by Save the Children on 10/Jul/2023

Israel/oPt: UN experts appalled by reported human rights violations against Palestinian women and girls by the United Nations Human Rights Office of the High Commissioner on 19/Feb/2024

‘Everything is legitimate’: Israeli leaders defend soldiers accused of rape by AlJazeera on 9/Aug/2024

Pillaging:

The Biblical Pseudo-Archeologists Pillaging the West Bank by The Atlantic on 28/Feb/2013

Jewish Soldiers and Civilians Looted Arab Neighbors' Property en Masse in '48. The Authorities Turned a Blind Eye by Haaretz on 3/Oct/2020

Israeli soldiers boast about looting from Gaza by AlJazeera on 14/Feb/2024

Any individual that is part of the command structure who orders any attempt to committing mass killings:

Netanyahu incites violence by casting protesters as clear and present danger by Middle East Eye on 30/Jul/2020

Israeli minister's call to 'erase' Palestinian village an incitement to violence, US says by Reuters on 1/Mar/2023

Netanyahu cites 'Amalek' Theory to justify Gaza Killings by Times of India on 29/Oct/2023

Database exposes 500 instances of Israeli incitement to genocide in Gaza by TRT World 4/Jan/2024

Genocide:

The Genocide of the Palestinian People: An International Law and Human Rights Perspective by Center for Constitutional Rights on 25/Aug/2016

Genocide Warning: Israel & Palestine by Genocide Watch on 21/May/2021

A top U.N. court says Gaza genocide is 'plausible' but does not order cease-fire by npr on 26/Jan/2024

‘Reasonable grounds’ to believe Israel is committing genocide in Gaza, UN rights expert says by CNN on 27/Mar/2024

Is Israel Committing Genocide in Gaza? New Report from BU School of Law’s International Human Rights Clinic Lays Out Case from Boston University Today on 5/Jun/2024

Ethnic cleansing:

UN Human Rights Council: ‘Israel engaging in ethnic cleansing’ by the European Union Parliament on 23/Mar/2011

Israel's ethnic cleansing in Palestine is not history - it's still happening by Middle East Eye on 22/May/2019

UN expert warns of new instance of mass ethnic cleansing of Palestinians, calls for immediate ceasefire by the United Nations Human Rights Office of the High Commissioner on 14/Oct/2023

‘Plan for ethnic cleansing’: Israel’s north Gaza siege sets off alarms by AlJazeera on 22/Oct/2024

Granting of no quarter despite surrender:

White Flag Deaths Killings of Palestinian Civilians during Operation Cast Lead by Human Rights Watch on 13/Aug/2009

Investigators: Israel fired on Gaza civilians carrying white flags by The Electronic Intifada on 28/Jan/2015

3 hostages killed by Israeli soldier in Gaza were waving a white flag, Israel says by npr on 16/Dec/2023

A group of Palestinian men waving a white flag is shot at, killing 1 by NBC News on 24/Jan/2024

She was fleeing with her grandson, who was holding a white flag. Then she was shot by CNN on 26/Jan/2024

Two brothers shot by Israeli forces in Khan Younis, white flag ignored by AlJazeera on 29/Jan/2024

Conscription of children in the military: First one where I couldn't find anything. Way to go, Israel!

Flouting the legal distinctions of proportionality and military necessity:

Israel violates the principles of necessity, proportionality in its attacks on Gaza by Euro-Med Human Rights Monitor on 13/May/2023

Enough: Self-Defense and Proportionality in the Israel-Hamas Conflict by Just Security on 6/Nov/2023

War Crimes and Accountability: The Case Against Israel’s Military Operations in Gaza by JURIST News on 5/Jul/2024

[waywardalpacagamer]

[fernand0]

Y yo que creía ....

Y yo que creía ….

(2022-12-01) (2022-10-06) (2022-11-16) (2022-11-16) (2022-11-27) (2022-12-01)

[yuurei20]

ITmedia has released a newly updated popularity ranking, following a reader survey that resulted in 39,070 votes! #1: Azul #2: Idia #3: Jade #4: Jamil #5: Vargas #6: Leona #7: Floyd #8: Kalim #9: Malleus #10: Trey #11: Ace #12: Silver #13: Riddle #14: Ruggie #15: Vil #16: Lilia #17: Crewel #18: Deuce #19: Rollo #20: Rook #21: Fellow #22: Sebek #23: Epel #24: Jack #25: Ortho #26: Grim #27: Cater #28: Crowley

2022 Reference:

2024 Reference:

[skrubu]

Not just a readymade but a readyassembled and most importantly also a readyused. Exhibited in the toilet of a museum of modern art. #helsinki #finland #urinal https://instagr.am/p/CldV-hRI2wA/

[hansoloschubbybrother]

England v South Africa, Autumn Nations Series, Twickenham Stadium, London

[doyoulikethissong-poll]

Faithless - Insomnia 1995

"Insomnia" was released as the second single off of Faithless' debut album Reverence (1996), and became one of their most successful songs. It has, dare I say, one of the most famous drops of its era.

It was originally released in 1995 and reached number 27 on the UK Singles Chart, topping the UK Dance Chart in the process. "Insomnia" reached number one in Finland, Norway and Switzerland. Additionally, it managed to climb into the Top 10 also in Austria, Belgium (number 2), Denmark, France, Germany (number 2), Iceland, Ireland, Scotland, and Sweden, as well as on the Eurochart Hot 100, where it hit number 3. Reverence reached number 26 on the UK Albums Chart. The single also reached the top spot on the RPM Dance Chart in Canada and the Billboard Dance Club Songs in the US, number 16 in Australia and number 39 in New Zealand. After Maxi Jazz's death in December 2022, "Insomnia" charted at number four on the UK Singles Downloads Chart.

MTV Dance placed "Insomnia" at number 22 in their list of "The 100 Biggest 90's Dance Anthems Of All Time" in November 2011. It was voted by Mixmag readers as the fifth "Greatest Dance Record of All Time" in 2013. It was certified triple platinum by the British Phonographic Industry (BPI) in 2023.

Faithless member Rollo is the brother of singer-songwriter Dido, featured on poll #120.

"Insomnia" received a total of 43,9% yes votes. :'(

[mostlysignssomeportents]

There’s no such thing as “shareholder supremacy”

On SEPTEMBER 24th, I'll be speaking IN PERSON at the BOSTON PUBLIC LIBRARY!

Here's a cheap trick: claim that your opponents' goals are so squishy and qualitative that no one will ever be able to say whether they've been succeeded or failed, and then declare that your goals can be evaluated using crisp, objective criteria.

This is the whole project of "economism," the idea that politics, with its emphasis on "fairness" and other intangibles, should be replaced with a mathematical form of economics, where every policy question can be reduced to an equation…and then "solved":

https://pluralistic.net/2023/03/28/imagine-a-horse/#perfectly-spherical-cows-of-uniform-density-on-a-frictionless-plane

Before the rise of economism, it was common to speak of its subjects as "political economy" or even "moral philosophy" (Adam Smith, the godfather of capitalism, considered himself a "moral philosopher"). "Political economy" implicitly recognizes that every policy has squishy, subjective, qualitative dimensions that don't readily boil down to math.

For example, if you're asking about whether people should have the "freedom" to enter into contracts, it might be useful to ask yourself how desperate your "free" subject might be, and whether the entity on the other side of that contract is very powerful. Otherwise you'll get "free contracts" like "I'll sell you my kidneys if you promise to evacuate my kid from the path of this wildfire."

The problem is that power is hard to represent faithfully in quantitative models. This may seem like a good reason to you to be skeptical of modeling, but for economism, it's a reason to pretend that the qualitative doesn't exist. The method is to incinerate those qualitative factors to produce a dubious quantitative residue and do math on that:

https://locusmag.com/2021/05/cory-doctorow-qualia/

Hence the famous Ely Devons quote: "If economists wished to study the horse, they wouldn’t go and look at horses. They’d sit in their studies and say to themselves, ‘What would I do if I were a horse?’"

https://pluralistic.net/2022/10/27/economism/#what-would-i-do-if-i-were-a-horse

The neoliberal revolution was a triumph for economism. Neoliberal theorists like Milton Friedman replaced "political economy" with "law and economics," the idea that we should turn every one of our complicated, nuanced, contingent qualitative goals into a crispy defined "objective" criteria. Friedman and his merry band of Chicago School economists replaced traditional antitrust (which sought to curtail the corrupting power of large corporations) with a theory called "consumer welfare" that used mathematics to decide which monopolies were "efficient" and therefore good (spoiler: monopolists who paid Friedman's pals to do this mathematical analysis always turned out to be running "efficient" monopolies):

https://pluralistic.net/2022/02/20/we-should-not-endure-a-king/

One of Friedman's signal achievements was the theory of "shareholder supremacy." In 1970, the New York Times published Friedman's editorial "The Social Responsibility of Business Is to Increase Its Profits":

https://www.nytimes.com/1970/09/13/archives/a-friedman-doctrine-the-social-responsibility-of-business-is-to.html

In it, Friedman argued that corporate managers had exactly one job: to increase profits for shareholders. All other considerations – improving the community, making workers' lives better, donating to worthy causes or sponsoring a little league team – were out of bounds. Managers who wanted to improve the world should fund their causes out of their paychecks, not the corporate treasury.

Friedman cloaked his hymn to sociopathic greed in the mantle of objectivism. For capitalism to work, corporations have to solve the "principal-agent" problem, the notoriously thorny dilemma created when one person (the principal) asks another person (the agent) to act on their behalf, given the fact that the agent might find a way to line their own pockets at the principal's expense (for example, a restaurant server might get a bigger tip by offering to discount diners' meals).

Any company that is owned by stockholders and managed by a CEO and other top brass has a huge principal-agent problem, and yet, the limited liability, joint-stock company had produced untold riches, and was considered the ideal organization for "capital formation" by Friedman et al. In true economismist form, Friedman treated all the qualitative questions about the duty of a company as noise and edited them out of the equation, leaving behind a single, elegant formulation: "a manager is doing their job if they are trying to make as much money as possible for their shareholders."

Friedman's formulation was a hit. The business community ran wild with it. Investors mistook an editorial in the New York Times for an SEC rulemaking and sued corporate managers on the theory that they had a "fiduciary duty" to "maximize shareholder value" – and what's more, the courts bought it. Slowly and piecemeal at first, but bit by bit, the idea that rapacious greed was a legal obligation turned into an edifice of legal precedent. Business schools taught it, movies were made about it, and even critics absorbed the message, insisting that we needed to "repeal the law" that said that corporations had to elevate profit over all other consideration (not realizing that no such law existed).

It's easy to see why shareholder supremacy was so attractive for investors and their C-suite Renfields: it created a kind of moral crumple-zone. Whenever people got angry at you for being a greedy asshole, you could shrug and say, "My hands are tied: the law requires me to run the business this way – if you don't believe me, just ask my critics, who insist that we must get rid of this law!"

In a long feature for The American Prospect, Adam M Lowenstein tells the story of how shareholder supremacy eventually came into such wide disrepute that the business lobby felt that it had to do something about it:

https://prospect.org/power/2024-09-17-ponzi-scheme-of-promises/

It starts in 2018, when Jamie Dimon and Warren Buffett decried the short-term, quarterly thinking in corporate management as bad for business's long-term health. When Washington Post columnist Steve Pearlstein wrote a column agreeing with them and arguing that even moreso, businesses should think about equities other than shareholder returns, Jamie Dimon lost his shit and called Pearlstein to call it "the stupidest fucking column I’ve ever read":

https://www.washingtonpost.com/news/wonk/wp/2018/06/07/will-ending-quarterly-earnings-guidance-free-ceos-to-think-long-term/

But the dam had broken. In the months and years that followed, the Business Roundtable would adopt a series of statements that repudiated shareholder supremacy, though of course they didn't admit it. Rather, they insisted that they were clarifying that they'd always thought that sometimes not being a greedy asshole could be good for business, too. Though these statements were nonbinding, and though the CEOs who signed them did so in their personal capacity and not on behalf of their companies, capitalism's most rabid stans treated this as an existential crisis.

Lowenstein identifies this as the forerunner to today's panic over "woke corporations" and "DEI," and – just as with "woke capitalism" – the whole thing amounted to a a PR exercise. Lowenstein links to several studies that found that the CEOs who signed onto statements endorsing "stakeholder capitalism" were "more likely to lay off employees during COVID-19, were less inclined to contribute to pandemic relief efforts, had 'higher rates of environmental and labor-related compliance violations,”' emitted more carbon into the atmosphere, and spent more money on dividends and buybacks."

One researcher concluded that "signing this statement had zero positive effect":

https://www.theatlantic.com/ideas/archive/2020/08/companies-stand-solidarity-are-licensing-themselves-discriminate/614947

So shareholder supremacy isn't a legal obligation, and statements repudiating shareholder supremacy don't make companies act any better.

But there's an even more fundamental flaw in the argument for the shareholder supremacy rule: it's impossible to know if the rule has been broken.

The shareholder supremacy rule is an unfalsifiable proposition. A CEO can cut wages and lay off workers and claim that it's good for profits because the retained earnings can be paid as a dividend. A CEO can raise wages and hire more people and claim it's good for profits because it will stop important employees from defecting and attract the talent needed to win market share and spin up new products.

A CEO can spend less on marketing and claim it's a cost-savings. A CEO can spend more on marketing and claim it's an investment. A CEO can eliminate products and call it a savings. A CEO can add products and claim they're expansions into new segments. A CEO can settle a lawsuit and claim they're saving money on court fees. A CEO can fight a lawsuit through to the final appeal and claim that they're doing it to scare vexatious litigants away by demonstrating their mettle.

CEOs can use cheaper, inferior materials and claim it's a savings. They can use premium materials and claim it's a competitive advantage that will produce new profits. Everything a company does can be colorably claimed as an attempt to save or make money, from sponsoring the local little league softball team to treating effluent to handing ownership of corporate landholdings to perpetual trusts that designate them as wildlife sanctuaries.

Bribes, campaign contributions, onshoring, offshoring, criminal conspiracies and conference sponsorships – there's a business case for all of these being in line with shareholder supremacy.

Take Boeing: when the company smashed its unions and relocated key production to scab plants in red states, when it forced out whistleblowers and senior engineers who cared about quality, when it outsourced design and production to shops around the world, it realized a savings. Today, between strikes, fines, lawsuits, and a mountain of self-inflicted reputational harm, the company is on the brink of ruin. Was Boeing good to its shareholders? Well, sure – the shareholders who cashed out before all the shit hit the fan made out well. Shareholders with a buy-and-hold posture (like the index funds that can't sell their Boeing holdings so long as the company is in the S&P500) got screwed.

Right wing economists criticize the left for caring too much about "how big a slice of the pie they're getting" rather than focusing on "growing the pie." But that's exactly what Boeing management did – while claiming to be slaves to Friedman's shareholder supremacy. They focused on getting a bigger slice of the pie, screwing their workers, suppliers and customers in the process, and, in so doing, they made the pie so much smaller that it's in danger of disappearing altogether.

Here's the principal-agent problem in action: Boeing management earned bonuses by engaging in corporate autophagia, devouring the company from within. Now, long-term shareholders are paying the price. Far from solving the principal-agent problem with a clean, bright-line rule about how managers should behave, shareholder supremacy is a charter for doing whatever the fuck a CEO feels like doing. It's the squishiest rule imaginable: if someone calls you cruel, you can blame the rule and say you had no choice. If someone calls you feckless, you can blame the rule and say you had no choice. It's an excuse for every season.

The idea that you can reduce complex political questions – like whether workers should get a raise or whether shareholders should get a dividend – to a mathematical rule is a cheap sleight of hand. The trick is an obvious one: the stuff I want to do is empirically justified, while the things you want are based in impossible-to-pin-down appeals to emotion and its handmaiden, ethics. Facts don't care about your feelings, man.

But it's feelings all the way down. Milton Friedman's idol-worshiping cult of shareholder supremacy was never about empiricism and objectivity. It's merely a gimmick to make greed seem scientifically optimal.

The paperback edition of The Lost Cause, my nationally bestselling, hopeful solarpunk novel is out this month!

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/09/18/falsifiability/#figleaves-not-rubrics/a>

[batboyblog]

Things the Biden-Harris Administration Did This Week #35

Sep 20-27 2024

President Biden and Vice-President Harris announced new actions to curb gun violence at the one year anniversary of the White House Office of Gun Violence Prevention. The Office is the first ever White House office to deal with the issue of guns and has been overseen by the Vice-President. President Biden signed a new Executive Order aimed at combatting the emerging threat of machinegun conversion devices. These devices allow the conversion of semi-automatic firearms to a rate of fire that can match military machineguns, up to 20 bullets in one second. The EO also targets the threat of 3-D printed guns. The EO also addresses active schooler drills at schools. While almost every school conducts them there is little uniformity in how they are carried out, and no consensus on the most effective version of a drill. President Biden's EO directions the development of a research based active shooter drills, which maximize both student physical and mental safety.

President Biden celebrated the one year anniversary of the American Climate Corps and announced new Climate Corp programs. The Climate Corps has seen 15,000 young people connected to well paid jobs in clean energy and climate resilience jobs across America. The EPA and AmeriCorps announced a new Environmental Justice Climate Corps program which will connect 250 American Climate Corps members with local communities and over the next 3 help them achieve environmental justice projects. In addition HUD announced it will be the 8th federal agency to partner with the Climate Corp, opening the door to its involvement in Housing. Since its launch the American Climate Corp has inspired 14 states to launch their own state level version of the program, most recently just this week the New Jersey Climate Corps.

The Biden-Harris Administration announced that 4.2 million small business owners and self-employed people get their health insurance through the ACA marketplace. Up from 1.4 million ten years ago when President Obama and then Vice-President Biden rolled out the marketplaces. The self-employed are 3 times as likely as other Americans to use the marketplaces for their insurance, one out of every 5 getting coverage there. The ACA passed by President Obama, defended and expanded by President Biden, has freed millions of Americans to start their own businesses without fear of losing health coverage for them and their families.

The Departments of Transportation and Labor pressed freight railroad companies to close the gap and offer paid sick time to all their employees. Since 2022 under President Biden's leadership the number of Class I freight railroad employees who have access to paid sick days increased from 5% to 90%. Now the Biden-Harris Administration is pushing to finish the job and get coverage to the last 10%.

The EPA announced $965 million to help school districts buy clean energy buses. This comes on top of the 3 billion the EPA has already spent to bring clean energy buses to America's schools. So far the EPA has helped replace 8,700 school buses, across 1,300 school districts in all 50 states, DC, tribal nations, and US Territories. 95% of these buses are zero-emission, battery-electric. The clean bus program is responsible for over 2/3rds of the electric school buses on the road today.

The Biden-Harris Administration took another step forward in its historic efforts to protect the Colorado River System by signing 5 water conservation agreements with local water authorities in California and Arizona. The two short term agreements will conserve over 717,000 acre-feet of water by 2026. Collectively adding 10 feet to Lake Mead’s elevation by 2026. The Colorado River Basin provides water for more than 40 million people and fuels hydropower resources in seven U.S. states.

The Department of The Interior announced $254 million to help support local parks, the largest such investment in history. The money will go to 54 projects across 24 states hoping to redevelopment or create new parks.

HHS announced $1.5 billion to help combat opioid addiction and prevent opioid overdose deaths. The money will support state and tribal governments and help pay for mobile clinics, naloxone kits, and treatment centers. This comes as nationwide overdose rates drop for the first time since 2020, thanks to strong investment in harm reduction efforts by the Biden-Harris team.

The Department of Agriculture announced it'll spend $466.5 million in food assistance and development worldwide this year. Through its McGovern-Dole Program, the United States is the largest donor to global school feeding programs. The USDA will help feed 1.2 million children in Angola, Bangladesh, El Salvador, Ethiopia, Guatemala, Guinea-Bissau, Laos, Malawi and Rwanda. Through its Food for Progress the USDA will help support 200,000 farmers in Benin, Cambodia, Madagascar, Rwanda, Sri Lanka, Tanzania and Tunisia shift to climate-smart agriculture boosting food security in those nations and the wider region.

At a meeting at the UN First Lady Jill Biden announced a partnership between USAID and UNICEF to end childhood exposer to lead worldwide. Lead exposure kills 1.5 million people each year, mostly in the developing world.

The Senate approved the appointment of Byron Conway to a federal judgeship in Wisconsin. This makes the 213th federal judge that President Biden has appointed.