#woke capitalism

[mostlysignssomeportents]

“Brand safety” killed Jezebel

I'll be at the Studio City branch of the LA Public Library this Monday, November 13 at 1830hPT to launch my new novel, The Lost Cause. There'll be a reading, a talk, a surprise guest (!!) and a signing, with books on sale. Tell your friends! Come on down!

Progressives: if you want to lose to conservatives, all you need to do is reflexively praise and support everything conservatives turn into a culture-war issue, without considering whether they might be right. Because sometimes…they're right.

Remember early in the Trump presidency, when conservatives all woke up and discovered that America's spy agencies – excuse me, "the intelligence community" – were dirty-tricking psychos who run amok, lawlessly sabotaging democracy? Progressives have been shouting this ever since Hoover's FBI tried to blackmail MLK into killing himself:

https://en.wikipedia.org/wiki/FBI%E2%80%93King_suicide_letter

But millions of progressives forgot about COINTELPRO, CIA dirty tricks and CIA mass spying when this "intelligence community" temporarily set out to wrong-foot Trump. Remember James Comey votive candles?

https://www.usatoday.com/story/opinion/2019/08/30/james-comey-fbi-memo-leaks-trump-inspector-general-report-column/2157705001/

Anthropologists have a name for this phenomenon, in which one side reverses its positions because their sworn enemies have done so. It's called schizmogenesis, and it goes like this: "If they hate it, we love it":

https://pluralistic.net/2021/12/18/schizmogenesis/

Schizmogenesis is an equal-opportunity delusion. Within living memory, white evangelicals supported abortion, because their sworn enemies – Catholics – opposed it. Some of those white Boomer women who voted Trump because abortion was literally the only issue they cared about held the opposite position on abortion not so long ago – and completely forgot about it:

https://text.npr.org/734303135

The main purpose of the culture war isn't immiserating marginalized people – that's its effect, but its purpose is to distract low-information turkeys (working people) so they'll vote for Christmas (the ongoing seizure of power by American oligarchs). For the funders of conservative movement politics, the cruelty isn't the point, it's merely the tactic. The point is power:

https://pluralistic.net/2022/03/09/turkeys-voting-for-christmas/#culture-wars

Which brings me to "woke capitalism." Conservative string-pullers have whipped up their base about the threat of companies embracing social causes. They (erroneously) claim that corporations have progressive values, and that big business is thumbing the scales for causes they despise. The purpose here isn't to sow distrust of capitalism per se. Rather, it's to stampede talk-radio-addled supporters into backing the oligarchy's agenda. Remember when culture war leaders told their base to support being gouged on credit-card junk fees "to own the libs?"

https://pluralistic.net/2023/08/04/owning-the-libs/#swiper-no-swiping

That's schizmogenesis working against the conservative rank-and-file, tricking them into taking the side of a cartel of wildly profitable payment processors who are making billions by picking their pockets (credit card fees are up 40% since the covid lockdowns), because (checks notes), Target pays these profiteers a lot to process its payments, and Target sells Pride merch (no, really):

https://pluralistic.net/2023/08/04/owning-the-libs/#swiper-no-swiping

It's easy to point and laugh at conservative dopes when they're tricked into shooting themselves in the balls to own the libs. This is not a hypothetical example:

https://pluralistic.net/2020/05/28/holographic-nano-layer-catalyser/#musketfuckers

But progressives do it, too, particularly when they embrace monopolies as a force for positive social change. Remember 2019, when people got excited about playing loud pop music at Nazi rallies in the hopes that the monopoly video platforms' copyright filters would make any video from that rally impossible to post?

https://memex.craphound.com/2019/07/23/clever-hack-that-will-end-badly-playing-copyrighted-music-during-nazis-rallies-so-they-cant-be-posted-to-youtube/

I warned then that if this tactic worked, it would be used by cops to prevent you from recording them when they're macing you or splitting your skull with a billyclub, and yup, within a couple years, cops were blaring Taylor Swift music in hopes of preventing the public from posting videos of their illegal conduct:

https://pluralistic.net/2022/04/07/moral-hazard-of-filternets/#dmas

Conservatives are (partially) right about woke capitalism. It is a threat to democracy. Concentrating the power to decide who gets to speak and what they get to say into the hands of five or six corporations, mostly run by mediocre billionaires, is bad for society. The moderation decisions of giant platforms are a form of (commercial) censorship, even these don't violate the First Amendment:

https://locusmag.com/2020/01/cory-doctorow-inaction-is-a-form-of-action/

(The progressive delusion that censorship only occurs when the First Amendment is violated is a wild own-goal, one that excuses, for example, the decision by school book-fair monopolist Scholastic to remove books about queers and Black and brown people from its offerings as a purely private matter without consequences for free speech):

https://www.themarysue.com/scholastic-response-to-authors-and-illustrators-on-diverse-books/

Conservatives are only partially right about woke capitalism, though. Here's what they're wrong about: corporations don't have values. Target isn't selling Pride tees because they support progressive causes, they're selling them because it seems like a good way to increase returns to their shareholders. Individuals – even top executives – at Target might endorse the cause, but the company will only durably support the cause if that endorsement is profitable, which means that when it stops being profitable, the company will stop supporting the cause:

https://www.cnn.com/2023/05/23/business/target-lgbtq-merchandise/index.html

The idea that corporations have values isn't merely stupid, it's very dangerous. The Hobby Lobby decision – which allows corporations to deny basic health-care expenses for women on the basis that a Bronze Age mystic wouldn't approve of an IUD – rests on the ideological foundation that corporate personhood includes corporate values:

https://en.wikipedia.org/wiki/Burwell_v._Hobby_Lobby_Stores,_Inc.

Citizens United – the idea that corporations should be allowed to funnel unlimited funds to politicians who'll sell out the public good in favor of investor profits – also depends on a form of corporate personhood that includes values:

https://en.wikipedia.org/wiki/Citizens_United_v._FEC

There are undeniably instances in which corporate monopoly power benefits progressive causes, but these are side-effects of corporate power's main purpose, namely: taking money and power away from working people and giving it to rich people. That is what monopoly power is for.

Which brings me to ad-tech, "brand safety," and the demise of Jezebel, the 16 year old feminist website whose shuttering was just announced by its latest owner, G/O Media:

https://www.metafilter.com/201349/This-is-the-end-of-Jezebel-and-that-feels-really-really-bad

Jezebel's demise is the direct result of monopoly power. Jezebel writes about current affairs – sex, politics, abortion, and other important issues of great moment and significance. When we talk about journalism as a public good, necessary for a healthy civic life, this is what we mean. But unfortunately for Jezebel – and any other news outlet covering current events – there are vast, invisible forces that exist solely to starve this kind of coverage of advertising revenue.

Writing for the independent news site 404 Media, reporter Emanuel Maiberg and former Motherboard editor-in-chief Jason Koebler go deep on the "brand safety" industry, whose mission is to assist corporations in blocking their ads from showing up alongside real news:

https://www.404media.co/advertisers-dont-want-sites-like-jezebel-to-exist/

Maiberg and Koebler explain how industry associations like the World Federation of Marketers' Global Alliance for Responsible Media (GARM) promulgate "frameworks" to help advertisers automatically detect and exclude real news from consideration when their ads are placed:

https://www.peer39.com/blog/garm-standards

This boycott makes use of scammy "AI" technology like "sentiment and emotional analysis" to determine whether an article is suitable for monetization. These parameters are then fed to the ad-tech duopoly's ad auction system, so Google and Meta (who control the vast majority of online advertising) can ensure that real news is starved of cash.

But reality is not brand-safe, and high quality, reputable journalistic outlets are concerned with reality, which means that the "brand safe" outlets that attract the most revenue are garbage websites that haven't yet been blacklisted by the ad-safety cartel, leading to major brands' ads showing up alongside notorious internet gross-out images like "goatse":

https://www.404media.co/sqword-game-dev-sneaks-goatse-onto-a-dozen-sites-that-stole-his-game/

More than a fifth of "brand safe" ad placements end up on "made for advertising" sites, which 404 Media describe as "trash websites that plagiarize content, are literally spam, pay for fake traffic, or are autogenerated websites that serve no other purpose than capturing ad dollars":

https://www.ana.net/miccontent/show/id/rr-2023-06-ana-programmatic-transparency-first-look

Despite all this, many progressives have become cheerleaders for "brand safety," as a countervailing force to the drawdown of trust and safety at online platforms, which led to the re-platforming of Nazis, QAnon conspiratorialists, TERFs, and other overt elements of the reactionary movement's vanguard on Twitter and Facebook. Articles about ads for major brands showing up alongside Nazi content on Twitter are now a staple of progressive reporting, presented as evidence of Elon Musk's lack of business acumen. The message of these stories is "Musk is bad at business because he's allowing Nazis on his platform, which will send advertisers bolting for the exits to avoid brand-safety crises."

This isn't wrong. Musk is a bad businessman (he's a good scam artist, though). Twitter is hemorrhaging advertisers, notwithstanding the desperate (and easily debunked) stats-juking its "CEO," Linda Yaccarino, floats onstage at tech conferences:

https://www.techdirt.com/2023/10/11/math-problem-for-linda-yaccarino-if-90-of-the-top-advertisers-have-come-back-but-are-only-spending-10-of-what-they-used-to-how-screwed-are-you/

But progressives are out of their minds if they think the primary effect of the brand safety industry is punishing Elon Musk for secretly loving Nazis. The primary effect of brand safety is killing reality-based coverage of the news of the day, and since reality has a well-known anti-conservative bias, anything that works against the reality-based community is ultimately good for oligarchy:

https://en.wikipedia.org/wiki/Reality-based_community

We can't afford to let schizmogenesis stampede us into loving things just because conservative culture warriors have been momentarily tricked into hating them as part of oligarchs' turkeys-voting-for-Christmas project. "Swivel-eyed loons hate it, so it must be good," is a worse-than-useless heuristic for navigating complex issues:

https://locusmag.com/2023/05/commentary-cory-doctorow-the-swivel-eyed-loons-have-a-point/

A much better rule of thumb is "If oligarchs love something, it's probably bad." Almost without exception, things that are good for oligarchs are bad for the rest of us. I mean, this whole shuttering of Jezebel starts with an oligarch imposing his will on millions of other people. Jezebel began life as a Gawker Media site, beloved of millions of readers, destroyed when FBI informant Peter Thiel secretly funded Hulk Hogan's lawsuit against the publisher in a successful bid to put them out of business to retaliate for their unfavorable coverage of Thiel:

https://www.theatlantic.com/business/archive/2018/02/hogan-thiel-gawker-trial/554132/

This, in turn, put Jezebel under the ownership of G/O Media, who are unwilling to pay for a human salesforce that would – for example – sell advertising space on Jezebel to sex-toy companies or pro-abortion groups. G/O has been on a killing spree, shuttering beloved news outlets like Deadspin:

https://deadspin.com/this-is-how-things-work-now-at-g-o-media-1836908201

G/O's top exec, an oligarch named Jim Spanfeller who answers to the private equity looters at Great Hill Partners, is bent on ending reality-based coverage in favor of "letting robots shit out brand safe AI-assisted articles about generic topics":

https://www.msnbc.com/opinion/msnbc-opinion/ai-articles-disinformation-future-g-o-media-rcna95944

Three quarters of a century ago, Orwell coined a term to describe this kind of news: duckspeak,

It was not the man’s brain that was speaking it was his larynx. The stuff that was coming out of him consisted of words but it was not speech in true sense: it was a noise uttered in unconsciousness like the quacking of a duck.

When investors and analysts speak of "content" (rather than, say, "journalism"), this is what they mean – a warm slurry of platitudes, purged of any jagged-edged fragments to render it a perfectly suitable carrier for commercial messages targeted based on surveillance data about the "consumer" whose eyeballs are upon it.

This aversion to reality has been present among corporate decisionmakers since the earliest days, but the consolidation of power among large firms – ad-tech firms, online platforms, and "brands" themselves – makes corporate realityphobia much easier to turn into, well, reality, giving advertisers the fine-grained power to put Jezebel and every site like it out of business.

As Koebler and Maiberg's headliine so aptly puts it, "Advertisers Don’t Want Sites Like Jezebel to Exist."

The reason to deplore Nazis on Twitter is because they are Nazis, not because their content isn't brand-safe. The short-term wins progressives gain by legitimizing a corporate veto over what we see online are vastly overshadowed by the most important consequence of brand safety: the mass extinction of reality-based reporting. Reality isn't brand safe. If you're in the reality based community, brand safety should be your sworn enemy, even if they help you temporarily get a couple of Nazis kicked off Twitter.

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/2023/11/11/ad-jacency/#brand-safety

#pluralistic #jezebel #publishing #brand safety #adjacency #adtech #media theory #censorship #surveillance advertising #dynamic ad placement #quackspeak #Global Alliance for Responsible Media #garm #debated sensitive social issue #Third Party Safety and suitability #schizmogenesis #woke capitalism #duckspeak

[blackswaneuroparedux]

ἐχθρὸς γάρ μοι κεῖνος ὁμῶς ᾿Αΐδαο πύλῃσιν ὅς χ’ ἕτερον μὲν κεύθῃ ἐνὶ φρεσίν, ἄλλο δὲ εἴπῃ*

- Homer, Illiad

I hate like the gates of hell whoever says one thing but hides another in his thoughts.*

Ho-hum. It’s that time of year again...

Remember the Occupy Wall Street movement? For a while corporations were genuinely threatened by angry disenfranchised youth. But corporations are run by smart people. In less than a decade they turned their attackers into defenders using this one simple trick.

There are three things I’ve learned since working in the corporate world.  Never ask a woman her age. Never ask a man, his salary. And never ask multinational corporations what their Middle Eastern logo looks like during pride month.

This doesn’t fool anyone least of of all those who are gay or lesbian.

#homer #greek #classical #quote #pride month #gay #lesbian #woke capitalism #woke #anti-woke #double standards #pandering

[grits-galraisedinthesouth]

The knives are out for Vivek Ramaswamy because he doesn't want to use wars to make a living. A neocon, Nimrata Nikki Randhawa born to Sikh immigrants, referred to Vivek as "childish."

Vivek really touched a nerve when he exposed her as a warmongering political puppet. She's as bad as Hillary Clinton.

Nimrata resulted to eye rolling, neck rolling, a disrespectful shrill tone & finger wagging on the debate stage.

Vivek in his own words:

#vivek ramaswamy #vivek 2024 #woke capitalism #hillsdale #Youtube

[adult-human-gc-female]

I love your blog mate. Have you ever noticed how a lot of trans acceptance, despite labeled as "counter culture", is rooted in pro government/authoritarian beliefs? All a corrupt corporation has to do nowadays is "controversially" appeal to gender ideology and the LGBT will come to their to their defense because of those "darn conservatives " who speak out against it. That's all it takes to manipulate them. They will actively see them as an "ally" even though they are a multi million dollar company. It gets on my nerves. Angry Birds, Ben and Jerry's, Targef, Walmart, etc. How can you say you are counter culture if million dollar corporations are echoing your BS beliefs? Doesn't that ever raise red flags in their head? "Hey wait a minute.. why is the government and almost all major corporations pushing this ideology, what do they have to gain?" Questions they never consider even though the answer is obvious. Trans people keep women oppressed and submissive, they make massive BANK for big pharma + they now have a way to sterilize lgb people as well as normalizing the idea kids can consent by proclaiming they know what sex is as young as 3, highlighting child rapists like Kinsley as source. It's the ultimate win-win scenario for them. They manipulated two to three extremely oppressed classes of people into supporting their genocide and advocating for pedophilia- which also does the homophobes a favor because now they just associate the lgb with gender ideology and their insanity, creating more honophobes and extremists. It's not about rights to them, its power. They killed average people in the past (a proven fact) and they were especially content with stripping the rights of minorities, now they got those same minorities on their side. True "queer rebellion" is rejecting the nonsense that is "queer theory" and being your own person without labels without the influence of consumerism. The fact these people see that controversial speaks volumes.

Thank you!

Yeah, it's really SOMETHING that people keep "we are a oppressed minority that being genocided" rhetorics while being supported by multi billion corporations and usa president's administration, and don't see (or refuse to see) that these are two mutually exclusive things.

Also what you described is exactly how capitalism works. Once the rebellious group is spotted, it's being sold consumer products to: "here is you label, pin and pride flag". Business receives money and at the same time makes this rebellion controlled, which means there is no rebellion anymore. If counter culture is sponsored by big money and is widely popular, it's not a counter culture, surprise!

Considering that trans ideology opresses women, children, and homosexuals, we can safely conclude that it is a neo-patriarchy.

#blog: asks #radblr #terfblr #gender criticism #woke capitalism #who is the bigot now

[irreplaceable-spark]

Woke Capitalism Against America | Vivek Ramaswamy

#hillsdale college #vivek ramaswamy #capitalism #woke capitalism #corporations #leftists #progressives #america #anti-american #agenda #propaganda #china #chinese communist party #ccp #woke inc #wall street #occupy wall street #Youtube

[kp777]

Excerpt:

Environmental, social, and governance (ESG) investing refers to a set of standards for a company’s behavior used by socially conscious investors to screen potential investments. Environmental criteria consider how a company safeguards the environment, including corporate policies addressing climate change, for example. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights.

Read more.

#esg investing #what is it #woke capitalism

[cemitadepollo]

It's so ridiculous when social media plataforms censor people advocating against violence towards queer, non-white, non-christian or disabled people when we call someone who is a nazi, a nazi.

These assholes say that they care about minorities but nah, they don't care and we all know they don't, they just play the safe "woke and inclusive" card and censor these kinds of discusions under the guise that they are "offensive" when I don't see how calling a person who encourages violence against marginalized groups what they are, a disgusting nazi, is offensive.

If anyone is to decide what is harmful or what is not it's us, not them.

#disability #nonwhite #blacklivesmatter #non christian #latinoamerica #woke capitalism #saneism #ableism #racism #homophobia #queer #islamophobia #antisemitism

[teachanarchy]

Watch "Woke: Deep or Dumb?" on YouTube

#woke #capitalism #economics #woke capitalism #racism #black community #us history #philosophy #corporations #pride #lgbtq #Youtube

[bighermie]

#woke capitalism

[mostlysignssomeportents]

How America's oligarchs lull us with the be-your-own-boss fairy tale

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/2024/02/16/narrative-capitalism/#sell-job

Capitalism is a vibes-based system. Sure, we all know about Keynes's "Animal Spirits" that see "bulls" and "bears" vying to set the market's future, but beyond that, there's just a hell of a lot of narrative.

Writing for The American Prospect, Adam M Lowenstein reviews two books that tell the histories of the stories that are used to sell American capitalism to the American people – the stories that turn workers into "temporarily embarrassed millionaires":

https://prospect.org/culture/books/2024-02-16-stories-corporations-tell-williams-waterhouse-review/

The first of these books is Taming the Octopus: The Long Battle for the Soul of the Corporation, by Kyle Edward Williams, a kind of pre-history of "woke capitalism":

https://wwnorton.com/books/9780393867237

Taming is a history of the low-water marks for Big Business's reputation in America, and how each was overcome through PR campaigns that declared a turning point in which business leaders would pursue the common good, even at the expense of their shareholders' interests.

The story starts in the 1950s, when DuPont and other massive firms had gained a well-deserved reputation as rapacious profit-generation machines that "alienated workers and pushed around small businessmen, investors, and consumers." This prompted DuPont's PR chief, Harold Brayman, to write a memo called "The Attack on Bigness," where he set out a plan to sell America on a new cuddly image for corporate giants.

For Brayman, the problem was that corporate execs were too shy about telling their social inferiors about all the good that businesses did for them: "The businessman is normally reluctant to talk out loud. He frequently shuns the spotlight and is content with plugging his wares, not himself."

This was the starting gun for a charm offensive by American big business that included IBM president Thomas Watson Jr ("I think there is a world market for about five computers") going on a speaking tour organized by McKinsey & Co, where he told audiences that his company's billion dollar annual profits had convinced it to assume "responsibilities for the broader public welfare."

This set the template for a nationwide mania of "business statesmanship" that Fortune celebrated with an editorial announcing "a great transformation, of which the world as a whole is as yet unaware" that put the "profit motive…on its last leg."

Fortune then spent the next seventy years recycling this announcement, every time the tide went out on business's popularity. In 2019, Fortune platformed IBM president Ginni Rometty for an announcement that the company was orienting its priorities to the public good: "It’s a question of whether society trusts you or not. We need society to accept what it is that we do."

The occasion for Rometty's quote was a special package on the Trump tax-cuts, a trillion-dollar gift to American big business, which lobbyists for the Business Roundtable celebrated with an announcement that American capitalism would now serve "stakeholders" (not just shareholders). Fortune celebrated this "change" as "fundamental and profound."

Fast forward five years and corporate leaders are still telling stories, this time about "stakeholder capitalism" and "ESG" – the dread "woke capitalism" that has right-wing swivel-eyed loons running around, hair afire, declaring the end of capitalism.

For Williams and Lowenstein (and me), all this ESG, DEI, and responsible capitalism is just window dressing, a distraction to keep the pitchforks and torches in people's closets, and to keep the guillotines in their packaging. The right-wing is doing a mirror-world version of liberals who freak out when OpenAI claims to have built a machine that will pauperize every worker – assuming that a PR pitch is the gospel truth, and then repeating it in criticism. Criti-hype, in other words:

https://sts-news.medium.com/youre-doing-it-wrong-notes-on-criticism-and-technology-hype-18b08b4307e5

Think of ESG: the right is freaking out that ESG is harming shareholders by leaving hydrocarbons in the ground to appease climate-addled greenies. The reality is that ESG is barely disguised greenwashing, and it's fully compatible with burning every critter that died in the Mesozoic, Cenozoic, and lo, even the Paleozoic:

https://pluralistic.net/2022/03/15/sanctions-financing/#profiteers

The reason this tactic is so successful is that Americans have also been sold another narrative: that American problems are solved by American individuals as entrepreneurs and businesspeople, not as polities or as members of a union (let alone the working class!).

This is the subject of the second book Lowenstein reviews, One Day I’ll Work for Myself: The Dream and Delusion That Conquered America, by Benjamin Waterhouse:

https://wwnorton.com/books/one-day-ill-work-for-myself/

A keystone of American narrative capitalism is the idea that the USA is a nation of small businesspeople, Jeffersonian yeoman farmsteaders of the US economy. But even a cursory examination shows that the country is ruled – economically and politically – by very large firms.

Uber sells itself as a way to be your own boss ("No shifts. No boss. No limits.") – even though it's a system where the app is your boss, and thanks to that layer of misdirection, Uber gets to be the worst conceivable boss, while its workers have no recourse in labor law:

https://pluralistic.net/2023/04/12/algorithmic-wage-discrimination/#fishers-of-men

In labor fights, Uber represents itself as the champion of innumerable "small businesspeople" who drive its unlicensed taxis. In consumer protection fights, Amazon claims to be fighting for "small businesspeople" who sell on its platform. In privacy fights, Facebook claims to represent "small businesspeople" who buy its surveillance advertising.

But large firms are actively hostile to small firms, seeing them as small-fry to be rooked or destroyed (recall that when Amazon targeted small publishers for bankruptcy-level discounts, they called the program "The Gazelle Project" and Bezos told his executives to tackle these firms "the way a cheetah pursues a sickly gazelle").

Decades of this tale have produced "a profound shift from a shared belief that individuals might come together to solve problems, into a collective faith in individual effort." America's long love-affair with rugged individualism was weaponized in the 1970s by corporations seeking to shed their regulatory obligation to workers, customers, and the environment.

As with Big Tech today, the big business lobby held up mom-and-pop businesses as the true beneficiaries of deregulation, even as they knifed these firms. A telling anecdote comes from someone who worked for the Chamber of Commerce's magazine Nation's Business: when this editor pointed out that many of the magazine's subscribers were small businesspeople and asked if they could start including articles relevant to mom-and-pops, the editor in chief said, "Over my dead body."

The neoliberal era has been an unbroken string of platitudes celebrating the small business and policies that annihilate their chances against large firms. Ronald Reagan's dewy-eyed hymns to American entrepreneurship sounded nice, but what matters is that he attempted to abolish the Small Business Administration and refused to address the 20,000 attendee "White House Conference on Small Business."

In the years since, American has sacrificed its small businesses while pulling out all the stops – bailouts and tax cuts and elite bankruptcy – to keep its largest firms growing. New regulations like Dodd-Frank were neutered in the name of saving mom-and-pop shops, even though the provisions that were cut already exempted small businesses.

Today, millions of Americans are treading water in a fetid stew of LLC-poisoning, rise-and-grind, multi-level-marketing, dropshipping and gig-work, convinced that the only way to get a better life is to pull themselves up by their bootstraps:

https://pluralistic.net/2023/04/10/declaration-of-interdependence/

Narrative does a lot of work here. The American economy runs on bubbles, another form of narrative capitalism. Take AI, a subject I sincerely wish I could stop hearing about, not least because I'm certain that 99% of that thinking is being wasted on whatever residue remains after the bubble pops:

https://locusmag.com/2023/12/commentary-cory-doctorow-what-kind-of-bubble-is-ai/

AI isn't going to do your job, but its narrative may convince your boss to fire you and replace you with a bot that can't do your job. Like what happened when Air Canada hired a chatbot to answer customer inquiries and it started making shit up about bereavement discounts that the company later claimed it didn't have to honor:

https://bc.ctvnews.ca/air-canada-s-chatbot-gave-a-b-c-man-the-wrong-information-now-the-airline-has-to-pay-for-the-mistake-1.6769454

This story's been all over the news for the past couple of days, but so far as I've seen, no one has pointed out the seemingly obvious inference that this chatbot probably ripped off lots of people. The victim here was extraordinarily persistent, chasing a refund for 10 weeks and then going to the regulator. This guy is a six-sigma self-advocate – which implies a whole bell-curve's worth of comparatively normal people who just ate the shit-sandwich Air Canada fed them.

The reason AI is a winning proposition for Air Canada isn't that it can do a customer service rep's job – it can't. But the AI is a layer of indirection – like the app that is the true boss of Uber drivers – that lets Air Canada demoralize the customers it steals from into walking away from their losses.

Nevertheless, the narrative that AI Will Change Everything Forever is powerful – more powerful than AI itself, that's for sure. Take this Bloomberg headline: "Nearly all wealth gained by world's rich this year comes from AI":

https://www.business-standard.com/world-news/nearly-all-wealth-gained-by-world-s-rich-this-year-comes-from-ai-124021600006_1.html

Dig in and you find even more narrative. The single largest beneficiary of AI stock gains last year was Mark Zuckerberg ($161B!). Zuck is American Narrative Capitalism's greatest practitioner: the guy who made billions peddling a series of lies, from "pivot to video" to "metaverse," leaping from one lie to the next just ahead of the mass stock-selloffs that wiped out lesser predators.

The Narrative Capitalism Cinematic Universe has a lot of side-plots like AI and entrepreneurship and woke capitalism, but its main narrative arc was articulated, ad nauseum, by Margaret Thatcher: "There is no alternative." This is the most important part of the story, the part that says it literally can't be otherwise. The only way to organize society is through markets, and the only way to organize markets is to leave them alone, no matter how much suffering they cause.

This is a baffling story, because it's so easily disproved. Zuck says the only way to have friends is to let him surveil you from asshole to appetite, even though he once ran Facebook as the privacy-forward alternative to MySpace, and promised never to spy on you:

https://lawcat.berkeley.edu/record/1128876

Likewise, the business leaders – and their chorus of dutiful Renfields – who insist that monopoly is the natural and inevitable outcome of any market economy just handwave away the decades during which anti-monopoly enforcement actually kept most businesses from getting too big to fail and too big to jail.

I'm no champion of market efficiency – especially not as the best and final arbiter of social and economic questions – but when I hear my comrades repeating the Thatcherite claims that all forms of capitalism necessarily degrade into monopolistic quagmires, that there is no alternative, it sounds like more criti-hype.

This is a frequent point of departure during discussions of enshittification: some people dismiss the whole idea of enshittification as "just capitalism." But we had decades of digital services that either didn't degrade, or, when they did, were replaced by superior competitors with a minimum of switching costs for users who migrated from the decaying incumbent to greener pastures.

The reality is that while there are problems with all forms of capitalism, there are different kinds of capitalist problems, and some forms of capitalism are less harmful to working people and more capable of enacting and enforcing sound policy than others.

Enshittification is what happens when the constraints on the worst impulses of companies and their investors and managers are removed. When a company doesn't have competitors, when it can capture its regulators to trample our rights with impunity, when it can enlist those regulators to shut down would-be competitors who might free us from its "walled garden," and when it can fire any worker who refuses to enact harm upon the users they serve, then that company will enshittify:

https://pluralistic.net/2024/01/30/go-nuts-meine-kerle/#ich-bin-ein-bratapfel

A company can be made to treat you well, even if it is run by a wicked person who sees you as a mark to be fleeced – that mustache twirler just has to be constrained – by competition, regulation, self-help and labor. He may still hate you and wish you harm, but he won't be able to act on it.

As MLK said:

It may be true that the law cannot make a man love me, religion and education will have to do that, but it can restrain him from lynching me. And I think that's pretty important also. And so that while legislation may not change the hearts of men, it does change the habits of men. And we see this every day.

#pluralistic #narrative capitalism #oligarchy #temporarily embarrassed millionaires #late-stage capitalism #enshittification #disenshittification #vocational awe #fobazi ettarh #ai #bubbles #bubblenomics #rise and grind #Benjamin C. Waterhouse #One Day I’ll Work for Myself #Kyle Edward Williams #Taming the Octopus #woke capitalism #llcs with mfas

[blackswaneuroparedux]

ἐχθρὸς γάρ μοι κεῖνος ὁμῶς ᾿Αΐδαο πύλῃσιν ὅς χ’ ἕτερον μὲν κεύθῃ ἐνὶ φρεσίν, ἄλλο δὲ εἴπῃ

- Homer, Illiad

I hate like the gates of hell whoever says one thing but hides another in his thoughts.

#homer #greek #classical #quote #illiad #literature #hypocrisy #two faced #woke capitalism #ESG #woke #capitalism #freedom #society

[grimlocksword]

Fast X BLASTED by land whale critics for “too much action!” Needs more W...

#youtube #fast x #woke culture #woke capitalism #woke agenda #woke activism #woke #anti woke

[allenporte]

Allen Mendenhall and Scott Shepard on "Success Stories"

View On WordPress

#Allen Mendenhall and Scott Shepard #ESG #Woke #Woke Capitalism #Woke Corporations #Wokeism #Wokeness

[irreplaceable-spark]

“Wokeness” Silences Voices with Jennifer Sey - The Vivek Show

In this episode, Vivek Ramaswamy and Jennifer Sey engage in a thought-provoking conversation about the definition and potential dangers of "woke" culture, particularly in relation to free speech and corporate America. Jennifer Sey, a former executive who left her job after expressing an unpopular opinion on school closures, shares her personal experiences navigating the world of wokeness. They discuss the impact of wokeness on various aspects of society, including the creation of hostile work environments, censorship, and the importance of maintaining apolitical spaces in a diverse democracy.

#vivek ramaswamy #jennifer sey #levis #freedom of speech #censorship #capitalism #woke #wokeism #woke capitalism #discussion #conversation #culture #cult #covid #schools #public schools #private schools #wokeness #ad hominem #Youtube

[worldofwardcraft]

Culture wars can be costly.

March 2, 2023

Many companies nowadays operate under the guidelines of something called ESG. This is a way of conducting business that takes into account environmental, social and governance factors alongside the financial ones in the decision-making process. Investment firms committed to ESG include BlackRock, Morgan Stanley, DWS Group, Parnassus Investments and others. While such corporate giants as Microsoft, Exxon Mobil, Mattel, PepsiCo and Accenture also integrate ESG into their business practices.

Committing to ESG means opposing fossil fuels, voter suppression and the criminalizing of reproductive rights. No wonder Republicans hate ESG. They're wildly in favor of all that stuff. For them, ESG falls into the category of "woke" (which is basically anything they don't like). Several governors and attorneys general in the more backward, MAGA-crazed red states have already taken steps to stamp out what they imagine is the dire threat of ESG.

For example, Texas in 2021 became the first state to pass actual legislation barring local authorities from doing business with banks that have adopted ESG policies. Not to be outdone, Florida's wannabe fuehrer Ron DeSantis has called ESG a leftist, "elite-driven" scheme. And last August, he pushed to ban the state pension funds from screening for environmental, social and governance risks. Whereupon the Florida State Board of Administration, which oversees funds totaling $240.1 billion, including $189.7 billion in the state's retirement system, passed a resolution against ESG considerations in its investment decisions.

Even GOPers in Congress are joining this fight against sustainable investing. This week, Senate Republicans — with the aid of two moderate Dems — voted to end a Biden administration rule allowing retirement plans to weigh ESG factors in their investment decisions. The president will no doubt veto this performative bill.

Meanwhile, Texas and Florida are now spending significantly more to finance their debt than, say, California even though they have better credit ratings. According to data compiled by Bloomberg, AAA-rated Texas must pay $1.9 million more than AA-rated California on every $1 billion of bonds sold. And AAA-rated Florida must pony up $4.3 million more.

One study found that Texas's anti-ESG legislation could set taxpayers back between $303 million and $532 million in added costs on municipal bonds. Moreover, it found that should those policies remain in place, taxpayers could be on the hook for an extra $445 million per year in interest payments.

The right-wing culture war on supposed "woke capitalism" is poisoning the market for government bonds in a bunch of other red states, too, including Iowa, Wyoming and North Dakota. Forcing their unfortunate residents to foot the bill.

#woke capitalism #esg investing #culture war #maga morons

[alethianightsong]

"I miss when movies weren't political-"

ALIEN is about a megacorporation coercing some salvagers into transporting a dangerous creature without telling them what it is, all because the creature could be a great bioweapon for them. When a survivor of this failed transport mission wants reparations, they screw her over to avoid a scandal.

ROBOCOP is about another mega-corporation experimenting with a cop's body and declaring him their property, trying to reduce him to an obedient killing machine who can maintain the status quo for them.

JURASSIC PARK is about a rich billionaire going all out to make a dinosaur-themed amusement park, not caring about the real-world implications of resurrecting giant lizards. He also underpays ONE guy to maintain the entire park's security systems so predictably, that one guy betrays him at a crucial moment.

The best movies weave their politics with plot & character, so you can enjoy them as entertainment but can also notice the themes. Movies without themes wind up being all spectacle and no substance, just noise and color like Michael Bay's Transformers franchise. Yeah, they make money, but they'll be forgotten in 2 generations.

#transformers #anti capitalism #barbie movie #barbie the movie #robocop #alien #aliens #alien 1979 #jurassic park #dinosaurs #socialism #capitalism #politics #wokeness #antiwoke #horror #feminism #themes #media literacy #mad max #mad max fury road #ceo #megacorporation #megacorporations #underwater 2019 #eat the rich #the hunger games #stockton rush #andrew ryan #i am legend