Phishing—as defined by George A. Akerlof and Robert J. Shiller in their book Phishing for Phools: The Economics of Manipulation and Deception —happens when one economic participant, Party A, knowingly takes economic advantage of another participant, Party B, in a voluntary free market transaction that is specifically harmful to Party B’s financial best interest. Example: Party A sells cheap knockoffs at inflated prices online. Who … Continue reading Phishing for Phools
Let’s cut right to the chase: the reality of being an employee is not actually what it’s made out to seem like. Even the inclusion of the idea itself into any business model is the application of shackles to the company’s accounting and financial reporting, their distribution of earnings, the labor contributions from and benefits given to the employee, and the flexibility of the company … Continue reading Exploit-ees
Presented in the following section is a selection of qualities exhibited by the system of capitalism-as-usual. Since capital flow fundamentally emerges from human existence, it is only natural that its dynamics might express some life-like qualities, just as the observable effects of breathing express the presence of life in us. We breathe; our breathing permeates our internal systems and perpetuates our life; our continued life … Continue reading Capitalism’s Creature Compendium
LOPSIII 